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Page 1
Celebrating 60 years of growth and
excellence, inspiring the road ahead
Annual Report 2024
Page 2
About the 2024 Annual Report
The 2024 Annual Report of PT Bank QNB Indonesia Tbk contains
material information about the Bank’s business activities
conducted in 2024.
This Annual Report is presented to all stakeholders as part of
the Bank’s accountability for its execution of business strategy
and value creation to all relevant parties in 2024. This Annual
Report contains a comprehensive, accurate, and relevant set of
information, complemented with analyses on the Bank’s 2024
performance in various aspects, from operational and financial,
to environmental, social, and governance.
In 2024, the Bank did not involve any local party in the formulation
and planning of its Sustainable Finance business process apart
from those explained in the Sustainability chapter, but it may do
so in the future.
The contents of PT Bank QNB Indonesia Tbk’s 2024 Annual Report
have not been verified by any independent party.
* This Annual Report covers events, results and achievements recorded within the period of 1 January 2024 to 31 December 2024.
  The report’s editorial date is 24 March 2025.
Page 3
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)      Sustainability




Contents
2024 Highlights                                                           73     Share and Bonds Buyback
                                                                          73     Commitments and Contingencies
8      Financial Highlights
                                                                          73     Use of Public Offering Proceeds
12     Share Highlights
                                                                          74     Other Material Financial Information
12     Corporate Actions
                                                                          74     Information on Material Transaction Containing
13     Accolades and Certifications
                                                                                 Conflict of Interest and/or Transaction with
14     Significant Events
                                                                                 Affiliated Parties Transaction with
Reports to Stakeholders                                                          Related Parties
                                                                          74     Tax Compliance
18     Message from the Board of Commissioners                            74     Affiliated Transactions with Controlling
20     Report of the Board of Directors                                          Shareholders
22     Statement of Responsibility of                                     74     Changes in Regulations and Their Impacts
       Members of the Board of Directors and                              74     Changes in Accounting Policy and Their Impacts
       Board of Commissioners for the 2024                                75     2025 Strategy and Projections
       Annual Report of PT Bank QNB Indonesia Tbk
                                                                          Corporate Governance (GCG)
Company Profile
                                                                          78     GCG Foundations and Policy
26     Corporate Identity                                                 78     GCG Implementation Objectives
27     Milestones                                                         79     GCG Principles
30     Vision, Mission, and QNB Values                                    80     GCG Roadmap
32     Line of Business                                                   81     GCG Mechanism
33     Product and Services                                               82     GCG Programmes in 2024
38     Organisation Structure                                             83     GCG Assessment
40     Branch Offices                                                     84     GCG Structure
40     Shareholders                                                       84     General Meeting of Shareholders
43     Board of Directors Profile                                         89     Board of Commissioners
47     Board of Commissioners Profile                                     93     Board of Directors
51     Changes in Board of Commissioners and                              98     Board of Commissioners Committees
       Board of Directors’ Composition                                    105    Board of Directors Committees
53     Executive Management Profiles                                      120    Corporate Secretary
56     Shares & Other Securities Listing Chronology                       121    Internal Audit
57     Public Accountant                                                  124    Internal Control System
58     Capital Market Supporting Institutions and                         125    Compliance Function
       Professions                                                        131    Risk Management
59     Membership in Associations                                         136    Banking Risk Disclosure Tables
Management Discussion and Analysis                                        150    Code of Ethics and Corporate Culture
                                                                          151    Whistleblowing System
62     Industry Review                                                    152    Anti-Bribery and Corruption Policy
63     Banking Business Review                                            152    Information Disclosure and Access to Bank’s
65     Human Resources                                                           Information
67     Information Technology                                             153    Litigations
68     Financial Analysis                                                 153    Sanctions
68     Statement of Financial Position                                    153    Transparency on the Bank’s Financial and
70     Statement of Profit or Loss and Other                                     Non-Financial Performance
       Comprehensive Income                                               153    Policy on Transactions with Conflict of Interest
71     Statement of Cash Flows                                            154    Implementation of OJK’s GCG Guidelines for
72     Key Financial Ratios                                                      Public Companies
73     Capital Structure and Management Policy
       on Capital Structure                                               Sustainability
73     Material Commitments for Investment in                             158    QNB Sustainability Strategy
       Capital Goods                                                      160    Targets & Achievements
73     Material Information and Facts after                               162    Sustainable Finance
       the Accountant’s Report                                            164    Sustainable Operations
73     Comparison of 2024 Targets and Achievements                        167    Beyond Banking
73     Dividend Policy
73     Management and Employee Stock Option                               Financial Statements
       Programme


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 3
Page 4
Theme Continuity
                                                   2021
                                                   Adapting and advancing in the new normal
                                                   As the world shifted to a higher gear in tackling pandemic challenges and living in
                                                   the “new normal”, global economies have rebounded, invigorated by unprecedented
                                                   stimulus measures from authorities worldwide. The banking industry, a key
                                                   facilitator of wider economic activities, had shown strength and preparedness to
                                                   deal more effectively with the current crisis than in previous ones. Moving ahead
                                                   in the industry, QNB Indonesia demonstrated agility in adopting transformative
                                                   technology and mindset to future-proof its business, rolling out strategic and
                                                   comprehensive initiatives to enhance its service and enrich its offerings.
                                                    With three monumental leaps in 2021—improving loan quality,
                                                   entering the mass market segment, and reinforcing its balance sheet with capital
                                                   support from QNB Group—the Bank stands ready to progress and deliver sustainable
                                                   value in the post pandemic era.




                                                   2022
                                                   Driving growth for a sustainable future
                                                   Throughout the Covid-19 pandemic, QNB Indonesia had grappled with significant
                                                   challenges resulting from the restrictions and the ensuing economic downturn.
                                                   Yet the Bank successfully navigated through the turbulence. In the process,
                                                   it has strengthened asset quality and laid a solid foundation for future expansion.
                                                   The Bank has been able to capture growth opportunities and improve
                                                   its financial footing thanks to robust governance, effective risk management,
                                                   and its shareholders’ staunch support for long-term financial stability.
                                                   Having weathered the severe headwinds of the recent times,
                                                   the Bank is now poised to pursue sustainable growth forward. QNB Indonesia
                                                   aspires to drive its progress along a prudent and responsible pathway,
                                                   while simultaneously creating meaningful value for the shareholders, customers,
                                                   employees, and the community at large.




                                                   2023
                                                   Thriving together towards excellence
                                                   In 2023, QNB Indonesia’s strategic resilience, financial discipline, and commitment
                                                   to excellence was made manifest in the Bank’s more stringent risk management,
                                                   enhanced level of customer service, and a positive net profit that heralded
                                                   a new era of strong and sustainable financial results going forward.
                                                   These achievements, underscored by equally significant progress in digital
                                                   innovation, sustainability, and corporate governance, reflect a united effort of
                                                   the Bank to shore up collective action, with various relevant parties, to thrive
                                                   towards excellence. This 2023 Annual Report theme is highlighting the Bank’s
                                                   collaborative success, adaptability, and foresight in navigating challenges and
                                                   setting a foundation for lasting growth and prosperity.




4 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 5
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)      Sustainability




Theme Rationale
Celebrating 60 years of growth and excellence,
inspiring the road ahead
                                                                          QNB Indonesia celebrates QNB Group's legacy of
                                                                          60 years of growth and excellence by enacting relentless
                                                                          innovation to leverage opportunities and tackle
                                                                          challenges in Indonesia's burgeoning financial markets.
                                                                          With a sustainable growth mindset, the Bank leverages
                                                                          global expertise to deliver strategic initiatives tailored to
                                                                          local needs. Nurturing partnerships, enhancing financial
   Net Interest Margin (NIM)                                              literacy, and driving inclusive development are key
   improved to                                                            for QNB Indonesia to create lasting value for
                                                                          all stakeholders. Thus the Bank embraces continuous


   4.09%
                                                                          improvement and pursues excellence to honour
                                                                           its parent company's proud heritage. In the footsteps of
                                                                          QNB Group, the Bank positions itself as a trusted
                                                                          partner that inspires Indonesia in its economic journey
                                                                          towards a golden future.




   Return on Assets (ROA)
   increased to


   0.74%


   Capital Adequacy Ratio (CAR)


   56.15%                                                                      QNB Indonesia streamlines banking with digital solutions to
                                                                                  provide effortless convenience to every customer,
   exhibiting solid capital position                                                              anytime, anywhere.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 5
Page 6
2024 Highlights
Building financial bridges as a path to sustainable growth, QNB Indonesia demonstrated
sound planning and disciplined execution to achieve resilience.
Page 7
                  Reports to Stakeholders   Company Profile   Management Discussion and Analysis   Corporate Governance (GCG)   Sustainability
2024 Highlights
Page 8
Financial Highlights
 (in million Rupiah)
 Statement of Financial Position                            2024         2023         2022          2021        2020
 Assets
 Cash                                                      36,917       24,445       33,354       36,785       37,456
 Current Accounts with Bank Indonesia                     410,213     543,920        919,797     472,517      517,632
 Current Accounts with Other Banks - Net                    38,811     184,089      148,347      275,568      134,274
 Placements with Bank Indonesia and Other Banks          1,336,301   1,092,008    1,032,898     1,979,562   1,683,860
 Derivative Receivables                                     3,269            11         108         1,307        5,741
 Acceptance Receivables - Net                                   0            0      188,295        6,775      129,036
 Securities Purchased under Agreement to Resell                 0    2,977,202    3,072,222    2,350,769     982,688
 Loans - Net                                            7,965,727    5,449,285    9,256,123    9,615,446    11,267,424
 Securities - Net                                       2,160,025      389,952      513,987     953,854     1,286,846
 Prepayments                                               43,198       33,035       22,687       30,462      66,995
 Deferred Tax Assets - Net                                249,124      280,354     272,500      280,285       374,275
 Fixed Assets and Right-of-Use Assets                     203,187       212,916     275,398      321,226     365,906
 Intangible Assets                                         60,549       59,892        57,148      52,779       34,524
 Foreclosed Assets - Net                                  236,041      250,416     665,046      1,001,757   1,280,395
 Other Assets - Net                                        109,511    255,960        259,177     322,435      130,648
 Total Assets                                          12,852,873    11,753,485   16,717,087   17,701,527 18,297,700


 Liabilities
 Liabilities Payable on Demand                             21,022       12,555       24,028       16,247       15,425
 Deposits from Customers                                 7,341,878   6,339,203 10,604,624      12,015,196   11,965,297
 Deposits from Other Banks                                322,491         1,832       7,302         7,771       7,664
 Acceptance Payables                                            0            0       26,336        6,778      129,058
 Derivative Payables                                         7,775        1,838          90        1,256        5,636
 Securities Sold under Repurchase Agreements               95,873      385,051            0            0            0
 Borrowings                                                     0            0    1,000,000    1,000,000    1,060,000
 Marketable Securities Issued                                   0            0            0       99,888      545,122
 Obligation for Employment Benefits                        75,739        67,187      68,066        81,610      74,016
 Accruals and Other Liabilities                           239,383      254,370      333,222      446,233     383,040
 Total Liabilities                                       8,104,161   7,062,036 12,063,668 13,674,979 14,185,258


 Equity
 Share Capital - Par Value of Rp250 (Whole Rupiah)
 per Share Authorized Capital 40,000,000,000 Shares
 as of 31 December 2024 and 2023
 Issued and Fully Paid Capital 35,158,048,365 Shares
 as of 31 December 2024 and 2023                        8,789,512     8,789,512    5,109,171    5,109,171    5,109,171
 Additional Paid-in Capital                              (33,588)     (33,588)      (30,150)    (30,150)     (30,150)
 Advanced Capital                                           3,652        3,652    3,683,926    2,683,926     1,183,926
 Fair Value Reserve - Net                                   (201)          (61)      28,183        8,605       18,782
 Retained Earnings (Deficit):
   Appropriated                                             7,396        6,396        6,396        6,396        6,396
   Unappropriated                                      (4,018,059) (4,074,462)    (4,144,107) (3,751,400) (2,175,683)
 Total Equity                                           4,748,712    4,691,449    4,653,419    4,026,548    4,112,442
 Total Liabilities and Equity                          12,852,873    11,753,485   16,717,087   17,701,527 18,297,700


8 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 9
                  Reports to Stakeholders    Company Profile    Management Discussion and Analysis          Corporate Governance (GCG)      Sustainability
2024 Highlights




   Total Assets                                                                 Total Liabilities

   (in million Rupiah)                                                          (in million Rupiah)



   2024                                 12,852,873                              2024                                 8,104,161


   2023                               11,753,485                                2023                               7,062,036


   2022                                       16,717,087                        2022                                            12,063,668


    2021                                        17,701,527                      2021                                                13,674,979


   2020                                            18,297,700                   2020                                                 14,185,258




   Total Equity                                                                 Share Capital

   (in million Rupiah)                                                          (in million Rupiah)



   2024                                            4,748,712                    2024                                                 8,789,512


   2023                                            4,691,449                    2023                                                 8,789,512


   2022                                          4,653,419                      2022                                  5,109,171


    2021                                     4,026,548                          2021                                  5,109,171


   2020                                      4,112,442                          2020                                  5,109,171




   Capital Adequacy Ratio                                                       NPL Gross

   (in %)                                                                       (in %)



   2024                                       56.15                             2024                                 2.71


   2023                                            62.23                        2023                 0.77


   2022                              38.59                                      2022          0.38


    2021                       29.92                                            2021        0.08


   2020                    24.53                                                2020                                                 4.66




                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 9
Page 10
Financial Highlights (continued)
 (in million Rupiah)
 Statement of Profit or Loss and Other
 Comprehensive Income                                          2024        2023         2022          2021        2020
 Operating Income and Expenses
 Interest Income                                            734,563      944,701      863,896       871,120    1,233,605
 Interest Expense                                          (283,644)   (420,826)     (431,896)   (533,643)     (971,493)
 Net Interest Income                                        450,919      523,875     432,000       337,477       262,112


 Other Operating Income
 Fees and Commission - Net                                    31,562     63,006         68,127     56,006        38,785
 Trading (Loss)/Income - Net                                   (319)      19,895       21,034       14,936        34,261
 Recovery from Non-Performing Loan Sale
 Transactions                                                     0            0            0             0       23,911
 Others                                                       61,983     161,469      180,294      146,977       25,532
 Total Other Operating Income                                93,226     244,370      269,455        217,919     122,489


 Other Operating Expenses
 Personnel Expenses                                        (265,369)   (289,816)     (280,414)    (311,973)    (307,967)
 General and Administrative Expenses                       (200,832)    (229,711)    (202,517)    (187,521)    (158,788)
 Reversal of/(Provision for) Impairment Losses on
 Financial Assets                                             19,021   (136,468)     (613,732)   (1,531,916)   (172,522)
 Loss on Sale of Financial Assets                                 0     (39,668)            0             0           0
 Others                                                     (10,560)     (4,875)       (5,524)      (7,981)     (24,704)
 Total Other Operating Expenses                            (457,740)   (700,538)    (1,102,187) (2,039,391)    (663,981)


 Non-operating Income
 Non-operating Income                                            90        3,827            0             0           0
 Non-operating Expenses                                         (85)     (2,285)            0             0           0
 Total Non-operating Income - Net                                 5        1,542            0             0           0


 Profit/(Loss) Before Income Tax Expense                      86,410     69,249     (400,732) (1,483,995)      (279,380)
 Income Tax Expense                                         (30,772)           0            0     (94,782)     (142,788)
 Profit/(Loss) for the Year                                  55,638      69,249     (400,732) (1,578,777)      (422,168)


 Others Comprehensive Income
 Items that Would Be Reclassified to Profit or Loss:
   Fair Value Changes of Securities Measured at
   Fair Value Through Other Comprehensive Income               (179)    (36,210)       25,100      (12,446)      24,088
   Income Tax related to Items that Would Be
   Reclassified to Profit or Loss                                39        7,966       (5,522)       2,269       (4,848)
 Items that Would Not Be Reclassified to Profit or Loss:
   Remeasurements of Obligation for
   Post-Employment Benefits                                   2,262         508        10,288         4,537       5,693
   Income Tax related to Items that Would Not Be
   Reclassified to Profit or Loss                              (497)        (112)      (2,263)       (1,477)      (226)
 Other Comprehensive Income Net of Tax                         1,625    (27,848)       27,603        (7,117)     24,707
 Total Comprehensive Income (Loss) for the Year              57,263       41,401     (373,129) (1,585,894)     (397,461)


10 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 11
                  Reports to Stakeholders   Company Profile   Management Discussion and Analysis       Corporate Governance (GCG)       Sustainability
2024 Highlights




 (in %)
 Financial Ratios                                                          2024            2023             2022            2021            2020
 Capital
 Capital Adequacy Ratio (CAR)                                              56.15          62.23             38.59           29.92           24.53


 Productive Assets
 Productive Assets & Non-Productive Assets
 (Non-performing Assets) to Total Productive Assets &
 Non-Productive Assets                                                      3.09            2.38             4.32            6.03            9.64
 Non-performing Productive Assets to Total Productive
 Assets                                                                      1.55           0.37             0.29            0.05            3.54
 Allowance for Impairment Losses to Productive Assets                       3.30             4.15            3.26            2.36             4.19
 Non-performing Loans (NPL) Gross                                            2.71           0.77             0.38            0.08            4.66
 Non-performing Loans (NPL) Net                                              0.71           0.09             0.08            0.04              1.21


 Profitability
 Return on Assets (ROA)                                                      0.74           0.48           (2.42)          (8.50)           (1.24)
 Return on Equity (ROE)                                                       1.31           1.65          (11.74)        (54.71)         (13.54)
 Net Interest Margin (NIM)                                                  4.09            3.83              3.19           2.34              1.61


 Liquidity
 Macroprudential Intermediation Ratio (MIR)                                115.16         93.94               91.11        80.95            97.02


 Compliance
 Percentage of Legal Lending Limit Breach
   Related Parties                                                          0.00            0.00             0.00            0.00            0.00
    Non-Related Parties                                                     0.00            0.00             0.00            0.00            0.00
 Daily Minimum Reserve Requirement (Rupiah)                                14.66           10.08             9.30            3.43            3.50
 Average Minimum Reserve Requirement (Rupiah)                               8.39            8.84              9.01           3.50            3.50
 Minimum Reserve Requirement (Foreign Currency)                              4.19            4.01            4.05            4.08            4.02
 Net Open Position (NOP)                                                     0.19           0.04              0.15           0.25             1.06




                                                                                                    PT Bank QNB Indonesia Tbk Annual Report 2024 — 11
Page 12
Share Highlights
                         Opening       Highest      Lowest      Closing        Transaction           Number of                       Market
 Period                    Price         Price        Price       Price            Volume          Shares Issued               Capitalisation
 2023
 First Quarter                 102           109         75           89       99,457,300       20,436,685,984            1,818,865,052,576
 Second Quarter                 89            118         81          88      203,407,800        35,158,048,365          3,093,908,256,120
 Third Quarter                  88            101        84            87     180,554,600        35,158,048,365          3,058,750,207,755
 Fourth Quarter                  87           88          77           81      130,514,900       35,158,048,365            2,847,801,917,565


 2024
 First Quarter                   81            83        52           52       82,478,000        35,158,048,365           1,828,218,514,980
 Second Quarter                 52            68         50           54       23,563,600        35,158,048,365            1,898,534,611,710
 Third Quarter                   54            63        54            61       14,059,800       35,158,048,365          2,144,640,950,265
 Fourth Quarter                  61          104         59            71   1,208,102,500        35,158,048,365           2,496,221,433,915


Throughout 2024, the Bank’s shares, listed on the IDX under the stock ticker code “BKSW”, were traded normally.




Corporate Actions
In 2024, QNB Indonesia did not conduct any corporate actions that might have resulted in any change to the Bank’s shares
or the share price.




              QNB Indonesia's employees work with dedication and excellence, ensuring the best value for every stakeholder we serve.



12 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 13
                  Reports to Stakeholders   Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
2024 Highlights




Accolades and Certifications




   31 May 2024

                                            QNB Indonesia was awarded as




                   “Best Companies to Work For in Asia 2024”
                       and “Most Caring Company 2024”
                               HR Asia Awards



                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 13
Page 14
Significant Events




               PC donation to SMK Wisata Indonesia                         Launching of The Ruby Women’s Club



January                                                       February
Personal Computer (PC) donation to SMK Wisata Indonesia       Launching of The Ruby Women’s Club




        QNB Indonesia Goes to School to SMKN 66 Jakarta                   QNB First customer gathering with PDGI



March                                                         April
• CSR financial literacy “QNB Indonesia Goes to School” and   • Signing ceremony and dissemination of the 2023–2025
  PC donation to SMKN 66 Jakarta                                Collective Labour Agreement (CLA)
• 2024 Ramadan Gathering                                      • QNB First customer gathering with Indonesian Dentists
• Extended Leadership Team meeting                              Association (PDGI) Semarang
                                                              • Kartini Day celebration




      HR Asia Awards 2024 Gala Dinner and Award Ceremony           PC donation to Pondok Pesantren Raudlotul Muta’allimin



May                                                           June
• Annual General Meeting of Shareholders                      PC donation to Pondok Pesantren Raudlotul Muta’allimin
• HR Asia Awards 2024 Gala Dinner and Award Ceremony
• Long Service Award 2024



14 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 15
                    Reports to Stakeholders   Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
2024 Highlights




                         Mid-year Townhall                                                  QNB Juang Sports Competition 2024



July                                                                        August
Mid-year Townhall                                                           • Blood donation
                                                                            • QNB Juang Sports Competition 2024
                                                                            • PC donation to SDN Cikeas 01




                  Anti-Fraud Awareness Talkshow                                       Launching of collaboration with Garuda Indonesia



September                                                                   October
Anti-Fraud Awareness Talkshow “Building Cybercrime                          • Series of activities in support of Breast Cancer Awareness 2024
Resilience in Bank QNB Indonesia”                                           • Launching of collaboration with Garuda Indonesia
                                                                            • Onboarding of 2024 Management Development Programme
                                                                              participants




             Launching of partnership with TheFoodhall                                 Extraordinary General Meeting of Shareholders



November                                                                    December
• Launching of partnership with TheFoodhall                                 • Extraordinary General Meeting of Shareholders
• CSR financial literacy “QNB Indonesia Goes to School” and                 • 2024 Annual Staff Event
  PC donation to SMK Assa’adah Jakarta                                      • “Tak Kenal Maka Tak Sayang” talkshow, an internal dissemination
• Application Programming Interface (API) Workshop                            of new bancassurance products


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 15
Page 16
Reports to
Stakeholders
Committed to prudent banking conducts, QNB Indonesia thrived with excellence
in 2024 under the strategic guidance of the Board of Directors and supervision
of the Board of Commissioners.
Page 17
2024 Highlights                             Company Profile   Management Discussion and Analysis   Corporate Governance (GCG)   Sustainability
                  Reports to Stakeholders
Page 18
Message from the Board of Commissioners




Fatma Abdulla Al-Suwaidi (Fatma Al-Suwaidi)
President Commissioner


                                                    Assalamu’alaikum,
      Greater achievements in                       On behalf of the Board of Commissioners (BoC) of
      the future are highly attainable,             PT Bank QNB Indonesia Tbk, I am pleased to present
                                                    this report.
      with the correct strategy,
                                                    The Indonesian banking sector in 2024 saw tremendous
      execution, and a robust                       growth opportunity as the national economy expanded

      support system beyond                         at a strong pace of 5.0%, maintaining similar growth to
                                                    the previous year. The banking landscape was shaped by
      financial and risk management                 several important trends and challenges that reflected
                                                    both global and local dynamics.
      efforts.”                                     The trends covered digital transformation and fintech
                                                    growth, financial inclusion, sustainability, and green
                                                    banking, which encompasses environmental, social and
                                                    governance (ESG) factors in risk implementation, as well
                                                    as the proliferation of Application Programming Interface
                                                    (API) technology.
                                                    Meanwhile, challenges arose in the form of
                                                    cybersecurity threats, fierce competition from both
                                                    traditional and digital banks, as well as an evolving
                                                    regulatory environment. Indonesia’s banking sector
                                                    is not immune to global economic volatility, and
                                                    fluctuations in global commodity prices along with
                                                    inflationary pressures paired with rising geopolitical
                                                    tensions made the bigger picture more punctuated with
                                                    uncertainties. We observed potential disruptions
                                                    and risks weighing down on global trade, foreign
                                                    investment flows and economic stability across
                                                    Southeast Asia. This confluence of factors demanded
                                                    strategic thinking and a proactive approach from
                                                    Indonesian banks.


18 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 19
2024 Highlights                             Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
                  Reports to Stakeholders




Evaluation of the Board of Directors Performance                          and professionalism of these committees contributed
                                                                          significantly to reinforcing a governance culture that
Building on the performance of the Bank in the past
                                                                          places accountability, ethical business practices, and
couple of years, the BoD’s main priority for 2024
                                                                          sound risk management at its centre.
remained fostering growth while maintaining a healthy
portfolio. The management’s successful deployment of                      Business Outlook and Strategic Plans for 2025
the Bank’s defined strategy ensured stability and
business continuity for the long term. The BoD led                        The BoC has received and reviewed the business outlook
the Bank to achieve strong growth in its lending portfolio                and strategic plans for 2025 as developed by the BoD.
and firmer fundamentals.                                                  These plans show a clear ownership of the BoD in
                                                                          shaping the strategy and devising its execution.
One of the BoD’s key achievements in 2024 was                             Formulated through lessons learned in 2024 and
reinforcing the Bank’s risk management framework.                         thorough discussions with the BoC and management,
Recognising the need to mitigate external uncertainties                   these plans are comprehensive and promising. The Bank
while at the same time capitalising on the stability and                  continues to emphasise timely and accurate execution,
strong growth of the Indonesian economy, the BoD                          risk management, stringent regulatory compliance, and
instigated a well-timed risk campaign and launched it                     persistent nurturance of its people—all of which shall
bank-wide, bolstered with internal awareness initiatives                  define the characteristics for QNB Indonesia in sustaining
on every line of defence. These measures strengthened                     competitiveness and weathering future challenges and
employee aptitude to anticipate and respond to                            demands from stakeholders.
emerging threats, and ensured that a holistic view of risk
management was embedded into the Bank’s day-to-day                        Acknowledgments
operations.
                                                                          In closing, the BoC extends appreciation to
From a governance perspective, the BoC views that                         the shareholders, the BoD, and all employees of QNB
the BoD had made sure that the Bank complied with                         Indonesia for their fair conduct, relentless effort and
all applicable laws and regulations. The BoD has                          contributions throughout 2024. We trust that the Bank
continually improved the Bank’s internal policies and                     will continue to draw on its core strengths, guided by
the implementation thereof. Additionally, the BoD                         prudent strategies and supportive stakeholder
instilled a culture centred around Teamwork, Integrity,                   relationships, as it charts a course toward growth and
and Family, reinforcing the Bank’s identity as an                         resilience. With eager anticipation, we envision further
institution built on strong values. The BoC acknowledges                  achievements ahead.
the BoD’s accomplishments in executing these
strategies, through which QNB Indonesia has continued
to grow and evolve.

View on Corporate Governance
The BoC believes that a strong commitment to
corporate governance is essential for the long-term
sustainability of any institution. For 2024, we ensured
that the Bank’s strategic direction and overall operations
aligned with the standards of compliance, transparency,
and accountability. Oversight was a key priority
throughout the year, with continuous monitoring of
the Bank’s adherence to prudential banking principles
and good corporate governance counselled by the BoC.
We maintained close coordination with the BoD through
joint meetings and regular reports, and were adequately
appraised of the latest developments in the country and
the industry, as well as the management’s plans.
Our colleagues, the Independent Commissioners, have
discharged their remit effectively in maintaining objective
oversight and safeguarding stakeholder interests,
particularly those of minority shareholders. Their insights
and impartial perspectives strengthened the Bank’s
governance framework, instilling trust and confidence
among our shareholders and external stakeholders.
Supporting these efforts, the BoC receives assistance
from its three committees—the Audit Committee,
the Remuneration & Nomination Committee, and
the Risk Oversight Committee—to ensure that governance
principles including financial audits, nomination and
remuneration activities, and robust risk management are
consistently practised across the Bank. The dedication


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 19
Page 20
Report of the Board of Directors




Nicolas Alix Groene (Nick Groene)
President Director


                                                    Distinguished shareholders and stakeholders,
      We delivered a strong financial               2024 has been marked by continued economic resilience,
      performance in 2024, meeting                  strategic transformation, and operational excellence,
                                                    strengthening our position as a key player in Indonesia’s
      and exceeding key financial                   banking sector and reaffirming our commitment to deliver
      targets and booking a Profit                  long-term value to all stakeholders.

      Before Tax (PBT) figure of                    2024: Strategic Execution and Financial
                                                    Performance
      Rp86.4 billion.”                              In 2024, our Bank demonstrated resilience and agility in
                                                    an evolving financial landscape. Despite fluctuating
                                                    interest rates and increased competition for liquidity,
                                                    we successfully executed our strategic priorities,
                                                    achieving solid financial performance and reinforcing our
                                                    position in the market.
                                                    Our corporate business growth remained strong, supported
                                                    by an optimised cost of funding through improvements
                                                    in our CASA ratio across both Corporate and Retail
                                                    segments. We also enhanced our fee income,
                                                    particularly in wealth management, contributing to
                                                    sustainable revenue streams. Through prudent financial
                                                    discipline and strategic execution, we exceeded our loan
                                                    targets, maintained profitability, and strengthened key
                                                    financial ratios, ensuring stability and long-term growth.
                                                    In response to economic dynamics, we proactively
                                                    managed risks and optimised our balance sheet to maintain
                                                    operational efficiency. Our commitment to prudent lending
                                                    was reflected in a strong loan portfolio with robust
                                                    monitoring frameworks in place, prioritising high-value
                                                    businesses and clients. Moreover, cost efficiency remained


20 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 21
2024 Highlights                             Company Profile   Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
                  Reports to Stakeholders




a key focus, with an emphasis on streamlining operations                  Regulatory Compliance and Governance
to maximise value creation.
                                                                          We recognise that strong corporate governance and
Additionally, we have taken significant steps to improve                  regulatory compliance are critical to maintaining trust and
asset quality, exemplified by the successful restructuring                credibility in the financial industry. In 2024, we successfully
of one of our large debts. This strategic initiative reflects             completed the restructuring of our Board of Directors,
our dedication to maintaining a high-quality asset                        ensuring a leadership structure that aligns with our strategic
portfolio while ensuring financial resilience and long-term               vision and regulatory requirements. Furthermore, we
sustainability.                                                           achieved full compliance with the mandated free-floating
                                                                          share ownership regulations, reinforcing our commitment to
Financial Performance and Key Achievements                                transparency and good corporate governance.
The Bank delivered a strong financial performance in                      We continue to uphold rigorous internal control measures
2024, meeting and exceeding key financial targets. Total                  and risk management frameworks to ensure full
loans reached Rp8.45 trillion, aligning with our projections,             adherence to prevailing banking regulations. Through
while third-party funds grew to Rp7.34 trillion, surpassing               continuous engagement with regulatory bodies and
expectations. Our Profit before Tax (PBT) stood                           the implementation of best practices, we strive
at Rp86.4 billion, exceeding targets and reflecting strong                to maintain the highest standards of compliance, ethical
operational efficiency and financial discipline.                          conduct, and accountability.
Return on Equity (ROE) exceeded our target,
demonstrating our ability to generate strong shareholder                  2025 and Beyond: Our Journey for Excellence
value. Net Interest Margin (NIM) was maintained at                        As we look ahead, our focus remains on building a stronger,
the expected level, reinforcing the sustainability of                     more resilient, and future-ready bank. We will continue
our revenue streams. Gross Non-Performing Loans (NPL)                     to drive solid corporate business growth, ensuring
remained within target levels, highlighting our commitment                sustainable profitability and financial strength through
to prudent risk management and asset quality.                             strategic initiatives and disciplined execution.
Capital Adequacy Ratio (CAR) stood at 56.15%, reflecting a                A key priority will be enhancing our funding efficiency by
robust risk-absorbing capacity, ensuring financial stability              further improving the CASA ratio across both Corporate
amid market uncertainties. Our liquidity position remained                and Retail segments, thus optimising our cost of funding
strong, with a Liquidity Coverage Ratio (LCR) of 174.70%                  in a competitive interest rate environment. Additionally,
and a Net Stable Funding Ratio (NSFR) of 154.36%, both                    we aim to expand fee-based income, particularly through
well above regulatory minimum requirements. These                         Wealth Management, by offering value-added financial
indicators underscore our sound financial health and ability              solutions tailored to evolving client needs. We also remain
to navigate market dynamics effectively.                                  committed to driving sustainability through ESG
                                                                          excellence, strengthening our approach to responsible
Human Capital and Organisational Culture                                  financing by selectively supporting sustainable projects
Our people are central to our success, and in 2024, we                    and businesses.
continued to strengthen our human capital strategy. As                    In 2025, we will accelerate our technology
an employer of choice, we maintained a highly engaged                     transformation to strengthen our digital infrastructure.
workforce, reflected in our Employee Engagement Survey                    This includes implementing API solutions to enhance
score of 82%. We fostered a collaborative, resilient, and                 system integration and customer experience, revamping
inclusive workplace culture, underpinned by our key                       our Data Warehouse to improve data analytics and
values of teamwork, unity, determination, and excellence.                 decision-making capabilities, and upgrading our retail
Diversity and inclusion remained a priority, with initiatives             bonds system to expand investment product offerings and
such as The Ruby Women’s Club further reinforcing our                     improve service efficiency.
commitment to empowering employees. With digital                          With a strong foundation, a clear strategy, and a highly
upskilling as an area identified for future investment, we                capable team, we are confident in our ability to navigate
will continue to enhance our talent development programmes                challenges, seize opportunities, and achieve long-term
to ensure a skilled and future-ready workforce.                           excellence in the years ahead.
Sustainable Growth and Responsible Banking                                Expression of Gratitude and Commitment
As part of our long-term commitment to responsible                        On behalf of the Board of Directors, we extend our sincere
banking, we have taken significant steps in integrating                   appreciation to the Board of Commissioners for their
sustainability into our business strategy. In 2024, we                    invaluable guidance, our shareholders for their trust, and our
initiated a structured approach to sustainable finance by                 clients and business partners for their continued support.
selectively financing projects and clients aligned with                   We also recognise the dedication of our employees, whose
ESG principles. While still in the early stages, our focus                resilience and teamwork drive our success.
remains on fostering responsible lending practices that
contribute to environmental and social sustainability.                    As we move forward, we remain committed to sustainable
Moving forward, we will continue to strengthen our                        growth, financial excellence, and creating lasting value for
approach by expanding our sustainable finance offerings                   all stakeholders. With a well-defined strategy and
and enhancing our risk assessment framework to include                    collective determination, we are confident in achieving
ESG considerations.                                                       even greater milestones ahead.



                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 21
Page 22
Statement of Responsibility
of Members of the Board of Directors
and Board of Commissioners
for the 2024 Annual Report
of PT Bank QNB Indonesia Tbk
We the undersigned hereby state that all information contained within the 2024 Annual Report of PT Bank QNB Indonesia Tbk
has been presented in full and that we assume full responsibility for the truthfulness of the contents of the Company’s
Annual Report.
Thus we have made this statement truthfully.


                                                    Members of the Board of Directors




                                                               Nick Groene
                                                            President Director




           Windiartono Tabingin                                                           Gede Shanta Wiguna
                 Director                                                                      Director




22 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 23
2024 Highlights                                Company Profile   Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                     Reports to Stakeholders




                                                Members of the Board of Commissioners




                                                              Fatma Al-Suwaidi
                                                           President Commissioner




                  Khalid Al-Sada                              Djoko Sarwono                                  Muhammad Anas Malla
                  Commissioner                           Independent Commissioner                          Independent Commissioner




                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 23
Page 24
Company Profile
Tapping into QNB Group's 60-year legacy in the financial sector, QNB Indonesia seamlessly
integrates global banking excellence with local market expertise to accelerate growth.
Page 25
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis   Corporate Governance (GCG)   Sustainability
                                            Company Profile
Page 26
Corporate Identity
  Company Name                                  : PT Bank QNB Indonesia Tbk

  Line of Business                              : Banking

                                                    • Qatar National Bank (Q.P.S.C.) (91.57%)
  Share Ownership                               :
                                                    • Public (8.43%)

  Date of Establishment                         : 28 April 1913

                                                  Deed No. 53 dated 28 April 1913, prepared before Leonard Hendrik-Willem Van
                                                  Sandick, Notary in Medan, approved by Besluit Gouverneur Generaal of
  Legal Basis of Establishment                  :
                                                  the Dutch East Indies No. 58 dated 16 July 1913, and announced in
                                                  the Extra Bijvoegesel der Javasche Courant No. 78 dated 30 September 1913.

  Authorised Capital                            : Rp10,000,000,000,000 (ten trillion rupiah)

                                                    Rp8,789,512,091,250 (eight trillion seven hundred and eighty nine billion five
  Issued and Fully Paid Capital                 :
                                                    hundred and twelve million ninety one thousand and two hundred fifty rupiah)

                                                    The Bank’s shares were listed on the Indonesia Stock Exchange
  Share Listing                                 :
                                                    (previously Jakarta Stock Exchange) on 21 November 2002.

  Ticker Code                                   : BKSW

  SWIFT Code                                    : AWANIDJA

  Number of Employees                           : 403 personnel

                                                  Revenue Tower, 8th Floor
                                                  District 8, SCBD Lot 13
  Address                                       : Jl. Jenderal Sudirman Kav. 52–53
                                                  Jakarta 12190
                                                  Tel    : (+62 21) 515 5155

  Website                                       : www.qnb.co.id

                                                    Tel    : (+62 21) 300 55 300
  Contact Center                                :
                                                    E-mail : contact.center@qnb.co.id

                                                    Tel    : (+62 21) 5085 7925
  Whistleblowing Channel                        :
                                                    E-mail : ayolapor@qnb.co.id

  Publication & Media                           : corporate.communication@qnb.co.id

                                                  1 head office
                                                  6 branch offices
  Network                                       :
                                                  2 sub-branch offices
                                                  11 ATMs

  Subsidiaries                                  : As at the end of 2024, PT Bank QNB Indonesia Tbk had no subsidiaries.




26 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 27
2024 Highlights   Reports to Stakeholders                           Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                               Company Profile




Milestones
  Established in Medan                      Changed its name to                    Relocation of                             Awarded “Bank A”
  as NV Chunghwa                            PT Bank Chunghwa                       headquarters to                           category from Bank
  Shangyeh                                  Shangyeh.                              Jakarta.                                  Indonesia.
  Maatschappij
  (The Chinese Trading
  Company Limited).




     1913                                    1962                                   1990                                       1998



                      1958                                        1965                                    1996




                    Commenced                                                                            Obtained license as
                    operations as                                Changed its name to                     a Foreign Exchange
                    a Commercial Bank.                           PT Bank Kesawan.                        Bank.




                                                                                                         PT Bank QNB Indonesia Tbk Annual Report 2024 — 27
Page 28
  Initial Public Offering                  • Rights Issue II.              Rights Issue III.                   Earned “idAA” rating
  by listing 78.8 million                  • Qatar National                                                    with “Stable” outlook
  shares on                                  Bank (Q.P.S.C.)                                                   from Pefindo.
  the Indonesia Stock                        became majority
  Exchange.                                  shareholder with
                                             69.59% ownership.
                                           • Changed its name
                                             to PT Bank QNB
                                             Kesawan Tbk.




   2002                                      2011                            2013                                   2016



                       2009                                     2012                            2014




                                                                                               • Name and logo
                                                                                                 transformation
                                                                                                 to PT Bank QNB
                                                                                                 Indonesia Tbk.
                                                                                               • Rights Issue IV.
                                                                                               • Qatar National
                                                                                                 Bank (Q.P.S.C.)’s
                                                            Relocation of                        share ownership
                                                            headquarters and                     increased to
                       Rights Issue I.                      launching of new logo.               82.59%.




28 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 29
2024 Highlights   Reports to Stakeholders                            Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                               Company Profile




  • Rights Issue V.                         • Relocation of                         Collaborated with                         • Qatar National
  • Qatar National                            headquarters in                       Indosat Ooredoo                             Bank (Q.P.S.C.)’s
    Bank (Q.P.S.C.)’s                         Jakarta.                              Hutchison to launch                         share ownership
    share ownership                         • Received “idAAA”                      UCan, the first digital                     adjusted to
    increased to                              rating with “Stable”                  lending product                             91.57% to fulfill
    90.96%.                                   outlook by Pefindo.                   in Indonesia resulting                      the stock exchange's
                                                                                    from partnership                            free-float
                                            • Received “AAA(idn)”
                                                                                    between a bank and                          requirement.
                                              rating with “Stable”
                                                                                    a telco company.                          • Received
                                              outlook by Fitch
                                              Ratings.                                                                          the “Best Companies
                                                                                                                                to Work for
                                            • Issued Sustainable
                                                                                                                                in Asia 2024” and
                                              Bonds I Phase I of
                                                                                                                                “Most Caring
                                              Rp100 billion and
                                                                                                                                Company 2024”
                                              Sustainable
                                                                                                                                accolades from
                                              Bonds I Phase II of
                                                                                                                                HR Asia Awards.
                                              Rp452 billion.




    2017                                     2019                                    2022                                      2024



                      2018                                       2020                                      2023




                    • Rights Issue VI.
                    • Qatar National
                      Bank (Q.P.S.C.)’s
                      share ownership
                      increased to
                      92.48%.
                    • Received “idAA”
                      rating with “Stable”
                      outlook by Pefindo.
                    • Received accolade
                      as Perception Bank                                                                  • Rights Issue VII.
                      in Administration of                                                                • Qatar National
                      State Revenue                                                                         Bank (Q.P.S.C.)’s
                      Through the 2nd                            Issued Sustainable                         share ownership
                      Generation State                           Bonds I Phase III of                       increased to
                      Revenue Module.                            Rp448 billion.                             95.63%.




                                                                                                          PT Bank QNB Indonesia Tbk Annual Report 2024 — 29
Page 30
Vision, Mission, and QNB Values




       Passionate collaboration and innovative solutions drive QNB Indonesia to go the extra mile to ensure the success of its stakeholders.




   Vision


                                   "The Bank will be one of the best employers in Indonesia."




                                        "The Bank will generate solid growth and sustainable
                                                business & financial performance."


   The Bank’s Vision was ratified via BoD Decree No. 10/SK-DIR/II/2024 dated 1 February 2024.



   Mission


                                     "QNB Indonesia provides benefits for all stakeholders,
                                   prioritising employee with united and positive work place &
                                              culture and a top-tier financial service."




30 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 31
    2024 Highlights   Reports to Stakeholders                       Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
                                                Company Profile




    QNB Values




                                                                  Synergistic
                                                                    Team                             Res
                                      ive                                                                 p
                                  ovat                                                               Cit onsi
                                                                                                        iz e
                                n                                                                                 b
                           In                                                                                n s le
                                                                                                                hip
                                                                                                                                      Pr
           r                                                                                                                            o
                                                                                                                                     w fe
         fo e                                                                                                                         ith
           nc




                                                                                                                                           ss nte
  ce n
Ex s si o




                                                                                                                                             io gr
    lle




                                                                                                                                              I

                                                                                                                                                na ity
 Pa




                                                                                                                                                  lis
                                                                                                                                                     m
                                                                        3
                                                                       3
                                                  2                                          44
                                                   2

                                                                                                               5
                                 1




                                                                                                               5
                                 1




    In 2015, the Bank renewed its QNB Values and Service Spirit through BoD Decree No. 074/SK-Direksi/VI/2015 dated
    1 June 2015. The QNB Values are as follows:


       1.		Passion for Excellence
       		We strive to go the extra mile to achieve the highest professional standard.

       2. Innovative
       		We shall be adaptive to change and value creative thinking to continuously attain superior benefits.

       3. Synergistic Team
       		We shall effectively harness our strength to achieve our common goals with pride.

       4. Responsible Citizenship
       		We shall respect with dignity and be concerned for the well-being of people and environment in which we operate.

       5. Professionalism with Integrity
       		We shall continuously develop our competencies and behavior to reliably deliver what is expected from us. We shall
         be honest, fair, and accountable.



                                                                                                         PT Bank QNB Indonesia Tbk Annual Report 2024 — 31
Page 32
Line of Business
                                                                       of the pension fund in accordance with the provisions
                                                                       of laws and regulations regarding the pension fund.
                                                                  m. To cooperate with other LJK and cooperate with other
                                                                       LJK in providing financial services to Customers.
                                                                  n.		 To conduct business activities as a digital bank.
                                                                  o.		 May purchase part or all of the collateral, either through
                                                                       auction or outside the auction based on voluntary
                                                                       submission by the owner of the collateral or based on
                                                                       the power to sell outside the auction from the owner
                                                                       of the collateral in the event that the debtor
                                                                       customer does not fulfill its obligations to the Bank,
                                                                       provided that the purchased collateral must
                                                                        be disbursed as soon as possible.
                                                                  p.		 To issue certificates of debt acknowledgment.
                                                                  q.		 To buy, sell, or underwrite at own risk or in favour of
                                                                       and at the instruction of its customers, including:
                                                                     • Notes, including drafts accepted by the Bank, whose
                                                                       validity period is not longer than the normal trading
                                                                       practice of the said documents;
                                                                     • Certificates of debt acknowledgement and other
                                                                       trading papers whose validity period is not longer
                                                                       than the normal trading practice of the said
                                                                       documents;
                                                                     • State Treasury Bills and Government Guarantees;
    QNB Indonesia upholds a high standard in delivering banking      • Central Bank Certificates (SBI);
                     products and services.                          • Bonds;
                                                                     • Future commercial papers;
                                                                     • Other future securities instruments;
Pursuant to Article 3 of the Bank’s Articles of Association,
                                                                  r.		 To transfer money either for own interest or for
the purposes and objectives of the Bank are to conduct
                                                                        the benefit of customers;
commercial bank business activities in a conventional
                                                                  s.		 To receive payments from bills on securities and
manner in the banking sector in accordance with
                                                                       perform calculations with or among third parties;
 the provisions of the prevailing laws and regulations.
                                                                  t.		 To place funds with other customers in the form of
To achieve these purposes and objectives, the Bank may                 securities that are listed or not listed on the stock
carry out main business activities as follows:                         exchange.
a.		 To raise funds from the public in the form of giro           u.		 To perform factoring, credit card business and
     (current account), time deposits, certificates of                 trusteeship activities.
     deposit, savings, and/or other equalised forms.              v.		 To issue credit documents in various forms and bank
b . To disburse fund in the form of loans or financing.                guarantees.
c.		 Conducting activities in the field of payment systems.       w. To carry out other activities with the approval of
d.		 To place funds with, borrow funds from, or lend funds             the OJK.
     to other banks, either by letter, telecommunications         Aside from the main activities as stipulated above,
     facilities or by draft at sight, cheque or other means.      the Bank may perform supporting business activities as
e. To issue and/or carry out securities transactions for          long as they do not violate the laws and regulations,
     the benefit of the Bank and/or its customers.                specifically in relation to banking.
f.		 To provide a place to store valuables and securities.
                                                                  In 2024, the Bank carried out retail and corporate banking
g.		 To carry out activities in foreign exchange.
                                                                  activities according to the above mentioned stipulations.
h.		 To carry out receivables transfer activities.
i.		 To carry out custody activities for goods and securities.
j.		 To carry out capital participation activities in Financial
     Service Institutions (hereinafter referred to as “LJK”)
     and/or other companies that support the Banking
     industry by fulfilling the provisions set by the Financial
     Services Authority (hereinafter referred to as “OJK”).
k.		 To carry out temporary capital participation activities
     outside the LJK (Financial Service Institutions)
     to overcome the consequences of credit or financing
     failures, provided that they must withdraw their
     participation.
l.		 To act as the founder of a pension fund (a legal entity
     which manages and carries out programmes that
     promise to give pension benefit) and the management


32 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 33
2024 Highlights    Reports to Stakeholders                      Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                             Company Profile




Products and Services




     QNB Indonesia opens doors to success and prosperity, empowering customers with global banking solutions and financial opportunities.




Saving Products                                                             Premium Checking Account
                                                                            Checking account with premium features that provide
Savings Account                                                             ease of transaction to support businesses and offers
Savings account provides easy and convenient banking                        higher interest rates than regular checking accounts.
transactions for customers.                                                 Advantages
Advantages                                                                  • Higher interest rates than other checking accounts.
• Affordable initial deposit.                                               • Zero fees for RTGS, LLG, and clearing transactions,
• Zero fees for balance inquiry, cash withdrawal, and                         terms and conditions apply.
  overbooking transfer across all ATM Bersama and
  PRIMA networks.                                                           Switching Account
• Online banking services through QNB Indonesia Mobile                      For safe and easy investing featuring six currencies within
  Banking & QNB Online Banking.                                             one account.

Premium Savings Account                                                     Advantages

Savings account with higher interest rates than regular                     • Six currency options: USD, SGD, AUD, GBP, JPY and EUR.
savings accounts.                                                           • Competitive exchange rates providing customers with
                                                                              more favourable rates.
Advantages                                                                  • Easy monitoring of fund through monthly e-statement.
• Higher interest rates than regular savings accounts.
• Zero fees for RTGS, LLG, and clearing transactions,                       Global Account
  terms and conditions apply.                                               Provides customers with ease in investing safely in foreign
• Zero fees for cash withdrawal across all QNB Indonesia                    exchange.
  ATMs, ATM Bersama and PRIMA networks.
                                                                            Advantages
• Free monthly administration fee, terms and conditions
  apply.                                                                    • Eight currency options: USD, SGD, AUD, HKD, GBP, JPY,
• Online banking services through QNB Indonesia Mobile                        EUR, and QAR.
  Banking & QNB Online Banking.                                             • Relatively affordable initial deposit.
                                                                            • Competitive exchange rates providing customers with
Checking Account                                                              more favourable rates.
Created for your ease of business transactions.                             • Easy monitoring of fund through monthly e-statement.

Advantages                                                                  Global Checking Account
Checking account in Rupiah allows customers to withdraw                     Foreign currency checking account that provides ease in
cash using cashier cheques or bank drafts.                                  foreign currency transactions.

                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 33
Page 34
Products and Services (continued)
Advantages                                                      companies to innovate, expand their market presence,
• Eight currency options: USD, SGD, AUD, HKD, GBP, JPY,         and contribute to the nation’s economic
  EUR, and QAR.                                                 development.
• Competitive exchange rates providing customers with           Through our deep understanding of diverse industries
  more favourable rates.                                        and market dynamics, QNB Indonesia remains a trusted
• Available for individuals and corporations.                   partner for corporations, delivering the financial
• Reports in account statements easily monitored by             solutions they need to achieve sustainable progress and
  customer.                                                     long-term success.

Forex                                                           Bank Guarantees and Standby Letters of Credit
Foreign exchange transactions with competitive exchange         (SBLC)
rates.                                                          Corporate clients can secure contractual obligations with
Advantages                                                      QNB Indonesia’s Bank Guarantees and Standby Letters of
                                                                Credit. Ideal for tender processes, performance
• Available in eight foreign currencies.                        guarantees, and project-based undertakings, these
• Exact, competitive, and real-time prices.                     facilities reinforce credibility and ensure the smooth
• Products in foreign exchange investment.                      execution of business commitments. Partner with us to
                                                                strengthen corporate trust in business relationships and
Time Deposit
                                                                enhance market presence.
Deposit product with certain tenor. Customers have
flexibility to choose the tenor of the deposit according        Letters of Credit (L/C)
to their plan. Available in 7 currencies according to           Facilitate secure and efficient international trade with
customers’ needs.                                               QNB Indonesia’s comprehensive letter of credit
Advantages                                                      services. Whether for export or import transactions,
                                                                our L/C solutions ensure payments are only released when
• Available for individuals and companies or institutions.
                                                                agreed conditions are met. This safeguards financial
• Tenor options between 1, 2, 3, 4, 5, 6, 9, up to 12 months.
                                                                interests and supports seamless global trade operations.
• Available in 7 currencies: IDR, USD, SGD, AUD, EUR, HKD,
  and JPY.                                                      Supply Chain Financing
• Interest rates are more competitive.
• Interest rate is fixed during the fund placement period.      Optimise corporate working capital with QNB Indonesia’s
                                                                supply chain financing solutions, bridging the gap between

Loan Products                                                   buyers and suppliers. Sellers can receive early payments
                                                                for invoices approved by buyers, improving cash flow and
Comprehensive Corporate & Institutional Banking (CIB)           strengthening business relationships. This innovative
solutions for investment and working capital financing,         solution enhances liquidity while fostering collaboration
trade transactions, integrated cash management, time            and trust across supply chains.
deposit, and foreign exchange transactions.
                                                                NPG Debit Card QNB Indonesia
Working Capital Loans and Trade Financing                       (GPN & VISA Contactless)
QNB Indonesia’s working capital loans and trade financing       Advantages
solutions are designed to support the day-to-day
                                                                • Payment for retail transactions in any EDC terminal on
operational needs of corporate clients, offering flexible
                                                                  the PRIMA and ATM Bersama network.
tenors of up to one year. These products provide
                                                                • Equipped with the National Indonesian Standard Chip
businesses with the liquidity necessary to manage supply
                                                                  Card Specification (NISCCS), providing a safer and
chains, finance invoices, and optimise cash flow. With
                                                                  more secure environment for customer data.
tailored options like bill discounting, pre- and post-import
                                                                • Part of the National Payment Gateway (NPG)
financing, we ensure seamless business operations
                                                                  programme that offers standardised security features
and enhanced financial agility.
                                                                  so customers can conduct transactions securely in all
Investment Credit                                                 payment channels in Indonesia.
                                                                • No minimum amount for retail transaction payments
QNB Indonesia’s Investment Credit facilities are designed         performed on EDCs with PRIMA, ATM Bersama,
to support medium- and long-term financing needs for              and VISA logos, and no cash withdrawal fees on PRIMA
corporate customers, enabling businesses to achieve               and ATM Bersama ATM networks across Indonesia.
their growth and expansion goals. These tailored solutions
cater to financing requirements for acquiring capital           UCan
goods, modernising operations, rehabilitating facilities, or
                                                                A digital loan product that caters to customers’ needs in
establishing new projects.
                                                                a simple, fast, and convenient way. Through collaboration
With a customer-centric approach, our Investment Credit         of QNB Indonesia with Indosat Ooredoo Hutchison,
offers flexible terms and competitive rates to help             a leading telecommunication operator in Indonesia, and
businesses unlock opportunities and overcome financial          a leading information technology company and
barriers. By providing reliable funding, we empower             a world-class fintech partner, UCan offers cash advance


34 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders                       Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




                     Our offerings are grounded in thorough analysis and sharp insight, thus aiding our customers in taking
                                          the most optimum financial strategy aligned to their needs.




products to customers in a seamless all-digital process,                     Advantages
from account opening to cash withdrawal.                                     • Complete benefit.
Advantages                                                                   • Investment benefit.
• Reliable service with convenient payment.                                  First LifePasti
• Instant application processing and disbursement.                           Traditional life insurance product with regular premium
• Bank-level security to protect customer personal data                      payment with life protection and critical illness benefit and
  and privacy.                                                               cash benefit that will be received at the end of the insurance
• Competitive rates.                                                         policy period, as long as the policy is active and the insured
                                                                             is still alive until the end of the insurance period.
Wealth Management Products                                                   Advantages
Bancassurance                                                                • Natural death benefit.
Allianz Assetlink Optima                                                     • Death benefit caused by accident.
                                                                             • Critical illness benefit.
Life insurance product with a single premium payment                         • Contract termination benefit.
that provides Death Benefit, Death Benefit Due to
Accident, as well as Investment Benefits with a choice of                    QNB Indonesia collaborates under a reference business
Subfunds that suit customer needs.                                           model in offering bancassurance products with
                                                                             PT Allianz Life Indonesia.
Advantages
• Investment benefit.                                                        Mutual Fund
• Single Premium Unit Link with life Insurance benefit.                      Open-End Mutual Funds
Allianz Wealthlink Protection Life                                           The best investment managers are managing a broad
Life insurance product with regular premium payments                         selection of products that provide optimum investment
that provides protection solutions along with                                returns in line with the customer’s risk profile, with their
the potential of long-term investment asset                                  financial objectives in mind. The investment managers
development for your future financial plans remain                           are as follows:
protected from various life risks.                                           1. PT Batavia Prosperindo Aset Manajemen
Advantages                                                                   2. PT Mandiri Manajemen Investasi
                                                                             3. PT Manulife Aset Manajemen Indonesia
• Complete benefit.                                                          4. PT Trimegah Asset Management
• Investment benefit.                                                        5. PT Syailendra Capital
Allianz Wealthlink Prestige Life II                                          Advantages
Unit link life insurance product with regular premium                        • High liquidity investment products.
payments that provides solutions in efficient protection                     • A variety of quality products with different risk levels.
for optimal investment potential throughout your future                      • Ease of subscription and redemption of mutual fund
financial planning.                                                            units through the branches of QNB Indonesia.


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 35
Page 36
Products and Services (continued)
• Consolidated statements to view and monitor                   • Additional travel privileges, such as airport transfer, and
  all transactions and investment returns.                        access to domestic airport lounges, as well as festive
                                                                  hampers and birthday treats.
Electronic Retail Government Bonds (e-SBN)
                                                                • Free transaction fee through mobile banking and
Bonds issued by the Indonesian Government dedicated               internet banking.
for retail/individual investors, and offered on the primary     • Free medical check up to selected QNB First Customers
market through online order mechanism.                            with Prodia.
Advantages
                                                                SDB
• Coupons paid regularly.
                                                                Safety deposit box rental facilities for storing goods,
• Guaranteed by the Indonesian Government.
                                                                valuables, or important documents.
• Potential capital gain.
                                                                Advantage
QNB Indonesia participates in offering e-SBN through
the e-SBN Sub-Selling Agent agreement with                      Secure and protected deposit box with competitive prices.
PT Trimegah Sekuritas Tbk.
                                                                Virtual Account Services
Services                                                        Streamline Corporate Business collections process with
                                                                our virtual account services. These innovative solutions
                                                                provide automated reconciliation, enabling precise
ATM                                                             tracking and management of incoming payments.
Real-time and online electronic banking services.               By reducing administrative workloads, businesses can
Advantages                                                      focus on growth and operational excellence.

• Ease of doing financial and non-financial transactions        FX Today
  for all customers across all QNB Indonesia ATMs as            Purchase or sale of foreign exchange with rates
  well as ATM Bersama/PRIMA networks and                        determined at time of transaction, as well as payment and
  international network from Visa.                              delivery that take place the same day as transaction date.
• QNB ATMs are integrated to the National Payment
  Gateway (NPG) network.                                        Advantage
                                                                Services with accurate and competitive rates.
Remittances
QNB Indonesia offers cutting-edge remittance services           FX Tomorrow
designed to provide seamless fund transfers for both            Purchase or sale of foreign exchange with rates
global and domestic transactions. Our solutions enable          determined at the time of transaction, with payment and
businesses and individuals to send and receive money            delivery on the next working day after the transaction date.
quickly, securely, and efficiently, ensuring reliable support
                                                                Advantages
for their financial needs. For global remittances,
we provide access to international fund transfers in            • Services with competitive rates.
various foreign currencies at competitive exchange rates,       • Customer foreign exchange rate hedging allows
enabling customers to manage cross-border transactions            customers to hedge their foreign exchange risk
with ease. Domestically, we offer rupiah fund transfer            exposure to fluctuations in exchange rates.
services via RTGS, LLG, and BI-FAST platforms, ensuring
fast and secure processing for local transactions.              FX Spot
With advanced features such as real-time tracking,              Purchase or sale of foreign exchange with rates
competitive fees, and robust security measures,                 determined at the time of transaction, and payment and
QNB Indonesia’s remittance services cater to the diverse        delivery that take place two days after the transaction date.
needs of corporate and individual clients. By simplifying
                                                                Advantages
both domestic and international transactions,
we empower our customers to stay connected and thrive           • Services with competitive rates.
in a globally interconnected economy.                           • Customer foreign exchange rate hedging allows
                                                                  customers to hedge their foreign exchange risk
RTGS/LLG/Clearing/BI-FAST                                         exposure to fluctuations in exchange rates.
Rupiah fund transfer service among banks.
                                                                FX Forward
Advantage
                                                                Transaction based on an agreement to exchange
Can be done quickly and securely with competitive prices.       a certain amount of foreign currency at a pre-agreed rate
                                                                of exchange and on a certain future date.
QNB First
                                                                Advantages
Banking services for priority customers.
                                                                • Services with competitive rates.
Advantages                                                      • Customer foreign exchange rate hedging allows
• Privileges to enjoy a comfortable QNB First Lounge              customers to hedge their foreign exchange risk
  service that offers top-end facilities.                         exposure to fluctuations in exchange rates.


36 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 37
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




FX Swap                                                                   Advantages
Purchase or sale of foreign exchange of similar principal                 • Daily transactions can be performed anywhere at all
value with rates determined at the time of transaction,                     times from computer, laptop, smartphone and tablet.
with payment and delivery on two different days, using                    • A variety of banking services to manage daily
the agreed swap price.                                                      transactions online, such as time deposit opening,
                                                                            bill payments, e-statement, and other financial/
Advantages
                                                                            non-financial transactions.
• Services with competitive rates.                                        • Manageable financial control with easy-to-use menu.
• Customer foreign exchange rate hedging allows
  customers to hedge their foreign exchange risk                          QNB Indonesia Life Rewards
  exposure to fluctuations in exchange rates.                             A reward point program from QNB Indonesia which
                                                                          enables customers to earn reward points from various
Interbank Repo
                                                                          banking transactions specified by the Bank. The points
Interbank placements and borrowings conducted under                       can be redeemed with various rewards on QNB
bilateral agreements (GMRA), with governmetn                              Indonesia Mobile Banking application on the customer’s
securities or Bank Indonesia instruments as underlying,                   own device.
and with tenors ranging from 1 day to 1 year.
                                                                          Advantages
Advantages
                                                                          • All You Can Earn point reward system integrated across
• An activity aimed at managing liquidity.                                  seven retail products.
• Signing GMRA also means establishing relationships                      • Attractive merchant partners across different reward
  with other banks and opening new business                                 categories.
  opportunities, such as setting up Treasury or                           • Digitally processed reward redemption.
  Trade Finance lines.
                                                                          Tax Payment Services
Other Services                                                            Managing tax obligations efficiently is critical for corporate
                                                                          clients, and our Corporate Tax Payment Services are
                                                                          designed to simplify this process. Accessible 24/7 through
QNB Indonesia Mobile Banking
                                                                          our advanced Corporate Internet Banking platform,
One mobile application for all transactions.                              this service ensures that corporate clients can meet
Advantages                                                                regulatory requirements seamlessly. With features such as
                                                                          real-time transaction updates, automated payment
• Smartphone application with easy-to-use features.                       schedules, and easy-to-navigate interfaces, corporate
• QNB Indonesia Mobile Banking allows customers’ daily                    clients can experience a smooth, hassle-free tax payment
  banking transactions to be simpler, swift, secure and                   process. By reducing manual administrative tasks and
  can be done anytime and anywhere.                                       ensuring compliance, this solution allows businesses to
• Offer variety services to manage daily transactions                     focus on their core operations and strategic goals.
  online, such as foreign currency account opening for
  existing customers and time deposit opening,                            Bulk Payment
  bill payments, e-Wallet top ups, forex transactions,
                                                                          QNB Indonesia’s Bulk Payment service offers a seamless
  Life Rewards, QRIS, e-statement, and other financial/
                                                                          solution for businesses to handle multiple transactions
  non-financial transactions.
                                                                          efficiently and securely. This innovative service enables
Corporate Internet Banking                                                corporate clients to process bulk payments, such as
                                                                          payroll, supplier payments, and other mass disbursements,
QNB Indonesia’s Corporate Internet Banking platform                       through a single platform. By streamlining payment
empowers businesses with innovative digital solutions                     processes, businesses can improve cash flow
tailored to their needs, offering the ability to conduct                  management and focus on strategic growth, making Bulk
banking transactions anytime, anywhere. Clients can                       Payment an essential tool for operational excellence.
customise daily transaction limits, manage the number of
registered users, and implement flexible authorisation                    Cash Pick Up & Delivery
levels—ranging from simple setups to tiered matrices.
                                                                          Managing high-volume cash transactions has never been
The platform ensures the highest level of security with
                                                                          easier with our Corporate Cash Pick Up and Delivery
token-based authentication and SSL-protected web
                                                                          Services. Designed to meet the needs of businesses
pages, guaranteeing safe transactions. The platform
                                                                          handling large amounts of cash, this service ensures
enhances efficiency, compliance, and operational flexibility,
                                                                          the secure and efficient collection or delivery of cash at
supporting businesses in achieving sustainable growth in
                                                                          your preferred location.
a competitive market.
                                                                          Our professional team utilises advanced security protocols
QNB Online Banking                                                        to safeguard corporate transactions, providing peace of
Web-based internet banking service for individual                         mind and minimising operational risks. With flexible
customers.                                                                scheduling and tailored solutions, this service streamlines
                                                                          cash management, allowing business to focus on core
                                                                          activities and growth initiatives.


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 37
Page 38
Organisation Structure
                                                                                                               General Meeting of
                                                                                                                 Shareholders
                                                                                                                    (GMS)




                                                                                                                   Directors


                                                                                                               President Director
                                                                                                                     (CEO)
                                                                                                                  Nick Groene




                                                                    Corporate &
                                   Treasury & Financial                                 Finance Director
                                                               Institutional Banking
                                   Institution Director                                  Gede Shanta
                                                                      Director
                                           (Vacant)                                        Wiguna
                                                               Mario Albert Utama*




      Retail Banking
                                                                                                                Credit Directorate
       Directorate
                                                                                                                 Firdaus Effendi
       Grace Luzar




                                       Financial Institution                                                        Credit Review
          Network &                                                Corporate Banking     Budgeting, Planning
                                                                                                                      Division
     Distribution Division                 Kenny Putri Lisa            Division           and MIS Division
                                                                                                                   Alfiana Gunawan
            (Vacant)                   Latifa Aulia Khadijah       Dennis Tanu Utomo     Mutiara Febriana DS
                                                                                                                        (Acting)


                                                                                                                       Credit
                                                                      Transaction        Financial Reporting
                                             Interbank &                                                            Administration
       QNB First Division                                         Banking & Wholesale    & Cost Control Sub
                                           Asset Liabilities                                                          Division
         Reza Pradikta                                              Funding Division          Division
                                            Management                                                            Vitriana Puspadewi
                                                                    Elvie Tanuwijaya         Dedi Yusuf
                                             Gregorius                                                                  Anggoro
                                            Satyanugraha
                                           Theodora Tetty
       Retail Products                                            Business Strategy &     Account Payable &        Credit Remedial
     Management Division                                           Support Division        Tax Sub Division           Division
            (Vacant)                                                    (Vacant)            Nuviana Dewi           Irwan Sukmana
                                            Treasury Sales
                                       Megalany Suhendy
                                                Imelda
                                                                     Credit Analysis
         E – Channels                      Julianti Kusmiati                              Strategy Execution      Credit Policies &
                                                                        Division
           Division                                                                             Division         Governance Division
                                                                     Novia Valencia
            (Vacant)                                                                        Ibnu Gutomo              Sry Ekawaty
                                                                       Wibowo




* Subject to Fit and Proper Test by OJK.




38 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 39
2024 Highlights       Reports to Stakeholders                        Management Discussion and Analysis       Corporate Governance (GCG)       Sustainability
                                                Company Profile




                                                                              Board of Commissioners Committees


      Board of                                                                              Remuneration &
                                                                  Risk Oversight
    Commissioners                                                                             Nomination                Audit Committee
                                                                   Committee
       (BoC)                                                                                  Committee




    BoD Committees




                                                   Operations &                         Compliance Director
                                                Technology Director                          Windiartono
                                                       (Vacant)                               Tabingin




     Risk Directorate
                                                                                                                                  Internal Audit Division
      Haryuninglistia
                                                                                                                                 Romy Yulianto Santoso
        Setiantini




                                                     Human Resources
       Operational Risk                                                                        Regulatory
                                                        Division
          Division                                                                          Compliance Division
                                                       Carina Hastari
        Estrelita Lestari                                                                         (Vacant)
                                                        Tanubrata                                                          BoC COMMITTEES
                                                                                                                           1. Audit Committee
                                                        Corporate                                                          2. Risk Oversight Committee
       IT Security & Risk                                                                     Financial Crime              3. Remuneration & Nomination
                                                      Communications
         Management                                                                         Compliance Division                 Committee
                                                         Division
            Division                                                                           Inggrid Ratna
                                                       Teresa Ardania
        Goeroeh Andhi                                                                            Hindiyani
                                                          Gunadi                                                           BoD COMMITTEES
                                                                                                                           1.		 Asset & Liability Committee
                                                                                                                                 (ALCO)
                                                                                            Corporate Secretary            2.		 AML CFT CPF Committee
         Legal Division                              Operations Division                                                   3.		 Credit Committee
                                                                                                 Division
       Niken Ratmitasari                             Charly Ferdinandus                                                    4.		 Credit Policy Committee
                                                                                               Indah Mathilda
                                                                                                                           5.		 Credit Remedial Committee
                                                                                                                           6. Early Alert Committee
                                                                                                                           7.		 Fraud Oversight Committee
                                                                                                                           8.		 Governance Risk
                                                      General Services                                                           Compliance Committee
                                                         Division                                                          9.		 Human Resources
                                                                                                                                 Committee
                                                     Denny Soedharmo
                                                                                                                           10. IT Steering Committee
                                                                                                                           11.		 New Products & Activities
                                                                                                                                 Committee
                                                                                                                           12.		 Operational Risk
                                                        Information                                                              Committee
                                                    Technology Division                                                    13.		 Purchasing Committee
                                                                                                                           14.		 Risk Management
                                                       David Liswandi
                                                                                                                                 Committee
                                                                                                                           15.		 UCan Product Committee




                                                                                                          PT Bank QNB Indonesia Tbk Annual Report 2024 — 39
Page 40
Branch Offices
Branch

                                 Mediterania Gajah Mada                                      Revenue Tower District 8
   Jakarta – Gajah               Tower Alpha No. TUD 16 Lt. UG                               Lantai Dasar/Ground Floor
                                                                   Jakarta – SCBD
   Mada                          Jl. Gajah Mada No. 174                                      Jl. Jenderal Sudirman Kav. 52–53
                                 Jakarta 11130                                               Jakarta 12190

                                 Jl. Ir. H. Juanda No. 11 (Dago)                             Jl. Pemuda No. 5
   Bandung – Dago                                                  Medan – Pemuda
                                 Bandung 40116                                               Medan 20151

   Semarang – Gajah              Jl. Gajah Mada No. 101B                                     Jl. Raya Darmo No. 108
                                                                   Surabaya – Darmo
   Mada                          Semarang 50134                                              Surabaya 60264




Sub-Branch

                                Ruko Sentra Bisnis Pluit                                    Komplek Cemara Asri
                                Jl. Pluit Sakti Raya No. 28        Medan – Cemara           Jl. Cemara Boulevard H1-91,
   Jakarta – Pluit
                                Blok A12                           Asri Centre Point        Medan Estate
                                Jakarta 14450                                               Deli Serdang 20371




Shareholders
Shareholding Structure
as at 1 January 2024                                                 as at 31 December 2024


     Government                                                          Government
      of Qatar                                                            of Qatar
        100%                                                                100%




    Qatar Investment                                                    Qatar Investment
                                          Public                                                            Public
       Authority                                                           Authority
                                           50%                                                               50%
           50%                                                                 50%




                   Qatar National Bank                                                Qatar National Bank
                                                    Public <5%                                                       Public <5%
                        (Q.P.S.C.)                                                         (Q.P.S.C.)
                                                      4.37%                                                            8.43%
                         95.63%                                                             91.57%




                           PT Bank QNB Indonesia Tbk                                          PT Bank QNB Indonesia Tbk




40 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 41
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
                                            Company Profile




   Shareholders Composition

   as at 31 December 2024


                                                                8.43%




   Description:

         Qatar National Bank (Q.P.S.C.)             91.57%
                                                                                                                                       91.57%
         Public                                     8.43%




Ownership of Shares by Board of Commissioners and Board of Directors

                                                                         Ownership at Beginning                            Ownership at End
                                                                                     of Year (%)                                of Year (%)
 Name                           Position                                     Direct            Indirect               Direct            Indirect
 Fatma Al-Suwaidi               President Commissioner                             0                    0                   0                    0
 Khalid Al-Sada                 Commissioner                                       0                    0                   0                    0
 Djoko Sarwono                  Independent Commissioner                           0                    0                   0                    0
 Muhammad Anas Malla            Independent Commissioner                           0                    0                   0                    0
 Nick Groene                    President Director                                 0                    0                   0                    0
 Windiartono Tabingin           Director                                           0                    0                   0                    0
 Gede Shanta Wiguna             Director                                           0                    0                   0                    0



Distribution of the Company’s Shareholders by Investor Category

 (as at 31 December 2024)
  No     Category                                                                      Shares Owned                                Percentage
   1     Domestic Individual Investors                                                 1,136,494,679                                        3.23
   2     Domestic Institutional Investors                                               696,705,995                                          1.98
   3     Foreign Individual Investors                                                         238,394                                       0.00
   4     Foreign Institutional Investors                                            33,324,609,297                                         94.79
 Total                                                                              35,158,048,365                                       100.00



Majority and Controlling Shareholders
As stated in the diagram above, the majority and controlling shareholder of the Bank is the Qatar National Bank (Q.P.S.C.),
an international banking company headquartered in Doha, Qatar.
The ultimate beneficiary owner of the Bank is the Government of Qatar.

                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 41
Page 42
Board of Commissioners and Board of Directors




   Description
   From left to right:
   Back:
   1. Nick Groene (President Director); 2. Gede Shanta Wiguna (Director); 3. Windiartono Tabingin (Director);
   4. Khalid Al-Sada (Commissioner).
   Front:
   1. Djoko Sarwono (Independent Commissioner); 2. Fatma Al-Suwaidi (President Commissioner);
   3. Muhammad Anas Malla (Independent Commissioner).



42 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 43
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




Board of Directors Profile
                                                    Nicolas Alix Groene (Nick Groene)
                                                    • President Director




A French citizen residing in Jakarta, Indonesia, Mr. Nick Groene brings over 25 years of distinguished experience in the global
banking sector, marked by a steadfast commitment to strategic leadership and financial stewardship. At 48 years old,
he combines deep expertise in treasury, risk management, and cross-border finance with a humility that reflects his
collaborative approach to leadership.

Academic Foundation
Mr. Nick Groene's academic journey reflects a lifelong dedication to learning. He holds an MBA from the University of
Chicago Booth School of Business, complemented by a Master’s degree from SKEMA Business School and an M.Sc. in
Economics and Finance from Paris University. An alumnus of Harvard Business School, Nick further enriched his
perspective, equipping him with a balanced blend of analytical rigour and visionary leadership.

Leadership Journey
Appointed President Director in December 2024, Mr. Nick Groene has been an integral part of the Bank’s leadership
since joining as General Manager of Treasury in 2020. His promotion to Director in 2021 and subsequent reappointment
underscored the trust placed in his ability to guide the Bank through evolving financial landscapes. In his current role,
he remains focused on fostering sustainable growth, prudent risk management, and innovation, serving with a tenure set
through 2027.

Global Expertise
Prior to his tenure in Indonesia, Mr. Nick Groene honed his expertise across diverse markets. As Head of International
Treasury at QNB Group in Qatar, he skillfully managed treasury operations spanning 33 countries in Asia Pacific, Europe,
and Africa, fostering collaboration and resilience in complex environments. His career also includes influential roles at
leading financial institutions in Japan, Luxembourg, the UK, Iceland, and the UAE, cultivating a global mindset that
informs his inclusive leadership style.

Commitment to Excellence
In 2024, Mr. Nick Groene reinforced his dedication to professional growth through programmes including:
• Risk Management Certification Level 7 for Board of Directors
• E-Learning in Anti-Fraud Management & Investigation
• E-Learning in Anti-Money Laundering
• E-Learning in Sanction Awareness
• Cyber Awareness 2024
• E-Learning in Personal Data Protection
• QNB Sustainable Finance Online Course 2024
Mr. Nick Groene has no affiliate relationship with other members of the BoD, members of the BoC, and the controlling
shareholders of the Bank.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 43
Page 44
Board of Directors Profile (continued)
                                                    Windiartono Tabingin
                                                    • Director




An Indonesian citizen residing in Jakarta, Indonesia. As a banking professional, Mr. Windiartono Tabingin (63 years old) brings over
38 years of extensive experience in Indonesia’s banking sector, underpinned by a profound understanding of financial
management, human resources, and organisational governance. With a strong academic background and active involvement in
various industry associations, he has ceaselessly contributed to the development of a sustainable banking sector.

Academic Foundation
Mr. Windiartono Tabingin’s commitment to lifelong learning is reflected in his academic journey. He obtained a bachelor’s degree from
Jenderal Soedirman University, Purwokerto (1984), before pursuing postgraduate studies in Finance and Human Resource
Management & Organisational Behaviour at Rensselaer Polytechnic Institute (RPI), Troy, New York, USA (1994). This education has
equipped him with strategic insights in organisational and risk management within the banking industry.

Leadership Journey
Initially appointed as a Director of the Bank based on the EGMS resolution on 29 November 2012, Mr. Windiartono Tabingin’s
appointment was officially confirmed by Bank Indonesia on 25 February 2013. His leadership and expertise have earned continued
trust, leading to his reappointment as Director at the AGMS on 30 May 2024, with a tenure extending until the 2027.

Industry Expertise
With over three illustrious decades of experience in the banking sector, Mr. Windiartono Tabingin embarked upon his career at Bank
Rakyat Indonesia (Persero) in 1986, serving until 2012. While serving at Bank Rakyat Indonesia, he also served as Commissioner
of PT Asuransi Jiwa Bringin Jiwa Sejahtera (2011–2012), further expanding his expertise in insurance and risk management.
His contributions to the banking industry extend beyond his executive roles, as he actively participates in various professional
associations. He serves as Secretary General of BARa and was previously a Member of the Board of Social Affairs and Sports at
the Indonesian Bankers Association (IBI) (2015–2019). Additionally, he has held the position of Deputy Secretary General at
the Compliance Directors’ Communication Forum (FKDKP) and is currently a member of the Legal and ESG division at Perbanas.
Mr. Windiartono Tabingin is also a certified assessor with the National Professional Certification Board (BNSP) and holds
certifications in Risk Management Level 7 and Compliance Level 3.

Commitment to Excellence
In 2024, Mr. Windiartono Tabingin reaffirmed his dedication to continuous learning by participating in various professional
development programmes, including:
• In-house Refreshment Level 6 & Level 7 (Risk Management Certification Refreshment Session for Executives), organised by BARa
• Socialisation of Bye-Laws Implementation, organised by Perbanas
• Workshop on Assessment Methodology and Banking Risk Management, organised by LSPP
• Discussion on Risk Management Certification, organised by Perbanas
• Risk Alignment Seminar – Enhancing the Effectiveness of Risk Management Implementation to Build a Sustainable Banking Industry,
  organised by BARa
• FGD on the Harmonisation of the RSKKNI Compilation in Banking Risk Management, organised by OJK
• FGD on the Implementation of Electronic Certification & Its Implications for the Banking Sector, organised by Perbanas
• Competency Assessor Recertification, organised by LSPP
• FGD on Harmonising Licensing Perceptions for Fit and Proper Assessments (PKK) in Bank Governance & Ownership, organised
  by OJK
• Refreshment Level 7 – Strengthening the Four Pillars of the Risk Control System Towards a Sustainable Bank, organised by
  BARa
Mr. Windiartono Tabingin has no affiliate relationship with other members of the BoD, members of the BoC, and the controlling
shareholders of the Bank.



44 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 45
2024 Highlights   Reports to Stakeholders                        Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




                                                    Gede Shanta Wiguna
                                                    • Director




An Indonesian citizen residing in Jakarta, Indonesia. As a banking professional with extensive experience spanning 28 years
in Indonesia’s banking sector, Mr. Gede Shanta Wiguna (54 years old) commands a deep expertise in risk management,
compliance, and financial operations. With a strong academic foundation and a distinguished career in leading financial
institutions, he continues to contribute to the advancement of the national banking industry.

Academic Foundation
Mr. Gede Shanta Wiguna obtained a Bachelor’s degree in Economics from Trisakti University, Jakarta (1995), before pursuing
postgraduate studies and earning a Master of Economy from Trisakti University in 2013. His education has equipped him with
a profound understanding of economics and finance, forming a solid foundation for his leadership in the banking sector.

Leadership Journey
Appointed as a Director of the Bank based on the AGMS resolution on 30 May 2024, Mr. Gede Shanta Wiguna officially
assumed office on 8 August 2024, following the approval of OJK on 6 August 2024.

Industry Expertise
With nearly three decades of experience in the financial sector, Mr. Gede Shanta Wiguna has honed his expertise in risk
management, compliance, and financial operations. Prior to joining PT Bank QNB Indonesia Tbk, he built a distinguished
career at PT Hongkong and Shanghai Banking Corporation (HSBC) Indonesia from 2004, where he held the position of
Head of Insight & Advisory. Previously, he worked at ABN AMRO, NV Indonesia (1995–2004), with his last position as
Compliance and Quality Assurance – Clearing & Custody Advisory Operations.

Commitment to Excellence
As part of his dedication to professional growth, in 2024, Mr. Gede Shanta Wiguna participated in the Bank Risk Management
Qualification 7 programme, organised by LSPP.
Mr. Gede Shanta Wiguna has no affiliate relationship with other members of the BoD, members of the BoC, and the controlling
shareholders of the Bank.




                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 45
Page 46
Board of Directors Profile (continued)
                                                    Mario Albert Utama (Mario Utama)
                                                    • Director Candidate




An Indonesian citizen residing in Jakarta, Indonesia. With over 22 years of professional experience in banking, Mr. Mario
Utama (50 years old) has been entrusted with corporate banking business at several prestigious financial institutions in
Southeast Asia.

Academic Foundation
Mr. Mario Utama holds a Bachelor of Science degree in Electrical Engineering from San Francisco State University
(1996) and
an MBA in Corporate Finance from the University of San Francisco (1998).

Leadership Journey
Appointed as a Director of the Bank based on the EGMS resolution on 4 December 2024, and officially assumed office
on 24 January 2025, following the issuance of the Fit and Proper Test result by the OJK on 23 January 2025.

Industry Expertise
Prior to joining the Bank, Mr. Mario Utama worked at Malayan Banking Berhad – Singapore/Malaysia (2020–2024),
most recently serving as Managing Director of Group Transaction Banking, at PT Bank BNP Paribas Indonesia (2014–2020)
as Director of Corporate Banking & Head of Global Transaction Banking, at Standard Chartered Bank Indonesia
(2012–2014) as Director-Head of TB Sales Strategic Client Coverage Group, at PT Bank ICBC Indonesia (2012)
as Executive Vice President–Corporate Banking; at PT Bank ANZ Indonesia (2011) as Head of Trade & Supply Chain; and
at HSBC (2002–2011), with his final position as Senior Vice President, Product & Structured Trade in Indonesia.

Commitment to Excellence
To enhance his professional competencies, in 2024 Mr. Mario Utama participated in the Level 7 Risk Management
Certification Alignment programme, organised by BARa.
Mr. Mario Utama has no affiliate relationship with other members of the BoD, members of the BoC, and the controlling
shareholders of the Bank.




46 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 47
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




Board of Commissioners Profile
                                                    Fatma Abdulla Al-Suwaidi (Fatma Al-Suwaidi)
                                                    • President Commissioner




Qatari Citizen, 48 years old. Domiciled in Doha, Qatar.
Ms. Fatma Al-Suwaidi joined QNB in November 1999 and, with over 23 years’ experience in banking, she currently serves as its Group
Chief Risk Officer, having previously been Head of Credit Administration (2012–2013) and Assistant General Manager – Group Credit
(2013–2018). In addition, Ms. Fatma Al-Suwaidi is currently a Board Member of QNB Turkey.
Ms. Fatma Al-Suwaidi has a BSc in Accounting (1999), a Master’s Degree in Business Administration from Qatar University (2004),
a MSc in Risk Management from University of New York (2015), a Juris Doctor in Law Degree from Hamad Bin Khalifa University
(2019), and a Doctorate in Business Administration from Grenoble University, France on the subject of “Innovation in Banking and
Financial Markets”, focusing on crypto currencies (2022).
Based on EGMS resolution dated 17 December 2020, Ms. Fatma Al-Suwaidi was appointed as President Commissioner of
the Bank and was declared effective by OJK on 4 June 2021. Ms. Fatma Al-Suwaidi was reappointed as President Commissioner
of the Bank based on AGMS resolution on 30 May 2024, to serve until the 2027 AGMS.
In 2024, Ms. Fatma Al-Suwaidi attended the following competence development programmes:
• Qatar Economic Forum, organised by Bloomberg
• Alignment of Risk Management Certification for Commissioners, organised by BARa
• Risk Management Certification Level 6 – Commissioners, organised by LSPP
Ms. Fatma Al-Suwaidi has no affiliate relationship with other members of the BoC nor members of the BoD. However, Ms. Fatma
Al-Suwaidi is affiliated with the controlling shareholder of the Bank, namely Qatar National Bank (Q.P.S.C.).




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 47
Page 48
Board of Commissioners Profile (continued)
                                                    Khalid Ahmed Al-Sada (Khalid Al-Sada)
                                                    • Commissioner




Qatari Citizen, 47 years old. Domiciled in Doha, Qatar.
Mr. Khalid Al-Sada has over 27 years of banking experience and 20 years within QNB Group where he has held numerous key
positions. Since 2021, Mr. Khalid has held the position of Senior Executive Vice President – Group Corporate and
Institutional Banking, and previously he held the position of General Manager – Group International Business Division during
2011–2021. Mr. Khalid Al-Sada specialises in corporate and international banking, with profound knowledge of overseas
business environments and banking regulations in different jurisdictions. Mr. Khalid Al-Sada is also a board member in QNB
Egypt, and Al Mansour Bank in Iraq.
Mr. Khalid Al-Sada earned his Diploma in Banking Operations from Institute of Administrative Development, Qatar (2004),
and High Performance Board Programme from IMD (2016), in addition to many global competence development
programmes like IMF.
Mr. Khalid Al-Sada was appointed as Commissioner of the Bank based on the Resolution of Annual GMS dated
26 June 2019, and was declared effective by OJK on 11 October 2019. Mr. Khalid Al-Sada was reappointed as Commissioner
of the Bank based on AGMS resolution dated 30 May 2024, to serve until the 2027 AGMS. Aside from serving
as Commissioner of the Bank, Mr. Khalid Al-Sada also concurrently serves as member of the Bank’s Remuneration and
Nomination Committee.
In 2024, Mr. Khalid Al-Sada attended the following competence development programmes:
• Qatar Economic Forum, organised by Bloomberg
• Alignment of Risk Management Certification for Commissioners, organised by BARa
• Risk Management Certification Level 6 – Commissioners, organised by LSPP
Mr. Khalid Al-Sada has no affiliate relationship with other members of the BoC nor members of the BoD. However, Mr. Khalid
Al-Sada is affiliated with the controlling shareholder of the Bank, namely Qatar National Bank (Q.P.S.C.).




48 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 49
2024 Highlights   Reports to Stakeholders                     Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




                                                    Djoko Sarwono
                                                    • Independent Commissioner




Indonesian Citizen, 74 years old. Domiciled in Jakarta, Indonesia.
Mr. Djoko Sarwono has more than 46 years' of banking experience, starting from his career at Bank Indonesia since 1977 and has held
numerous positions include as Executive Director of Banking Regulation & Development Department of Bank Indonesia (1998–2001),
Chief Office of Bank Indonesia–Bandung Region (2001–2003), President Director of Indover Bank, Amsterdam (2003–2006), and
Assistant to Governor of Bank Indonesia (2007–2009). After a career in Bank Indonesia, Mr. Djoko Sarwono joined the Indonesian
Banking Development Institute (LPPI) as Advisor to the Board of Directors and as Senior Faculty (2010-2015). From 2011 to 2015,
Mr. Djoko Sarwono was President Commissioner of Pefindo Rating Agency, then became President Commissioner of PT NISP
Asset Management (2013–2014), Vice President Commissioner of PT Aberdeen Asset Management (2014–2015), and
President Commissioner of Pefindo Credit Bureau (2014–2017).
Mr. Djoko Sarwono earned his Bachelor’s degree in Law from Trisakti University (1975), Master in Public Administration (MPA) from
University of Southern California, Los Angeles, USA (1984), and Doctor of Philosophy in Public Administration (DPA) from
University of Southern California, Los Angeles, California, USA (1990).
Based on EGMS resolution dated 9 October 2015, Mr. Djoko Sarwono was appointed as Independent Commissioner of the Bank,
and was declared effective by OJK on 11 November 2015. Mr. Djoko Sarwono was reappointed as Independent Commissioner of
the Bank based on AGMS resolution dated 30 May 2024 to serve until the 2027 AGMS. Aside from serving as Independent
Commissioner of the Bank, he also serves as Chairman of the Bank’s Risk Oversight Committee.
In 2024, Mr. Djoko Sarwono attended the following competence development programmes:
• Alignment of Risk Management Certification for Commissioners, organised by BARa
• Risk Management Certification Level 6 – Commissioners, organised by LSPP
Mr. Djoko Sarwono has no affiliate relationship with other members of the BoC, members of the BoD, nor the controlling shareholder
of the Bank.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 49
Page 50
Board of Commissioners Profile (continued)
                                                    Muhammad Anas Malla
                                                    • Independent Commissioner




Indonesian Citizen, 67 years old. Domiciled in Jakarta, Indonesia.
Mr. Anas Malla has over 41 years of banking experience. Starting career from 1982 in PT Bank Negara Indonesia (Persero)
Tbk until 2011, where he has held numerous key positions with his last position as Internal Audit Division Head. From 2012
to 2013, Mr. Anas Malla served as Commissioner of PT Swadarma Sarana Informatika, and subsequently from 2013 to
2021, served as President Commissioner of PT Swadarma Sarana Informatika.
Mr. Anas Malla earned his Bachelor’s degree in Law from Trisakti University, Jakarta (1989) and his Master of Laws from
Tulane University, New Orleans, USA (1998).
Based on the EGMS resolution dated 16 September 2011, Mr. Anas Malla was first appointed as Independent Commissioner
of the Bank, and was declared effective by Bank Indonesia on 24 November 2011. Mr. Anas Malla was reappointed as
Independent Commissioner of the Bank based on AGMS resolution dated 30 May 2024, to serve until the 2027 AGMS.
As Independent Commissioner, Mr. Anas Malla was assigned as Chairman of Audit Committee as well as the Chairman of
Remuneration and Nomination Committee in the Bank.
In 2024, Mr. Anas Malla attended the following competence development programmes:
• Alignment of Risk Management Certification for Commissioners, organised by BARa
• Risk Management Certification Level 6 – Commissioners, organised by LSPP
Mr. Anas Malla has no affiliate relationship with other members of the BoC, members of the BoD, nor the controlling shareholder
of the Bank.




50 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 51
2024 Highlights    Reports to Stakeholders                      Management Discussion and Analysis      Corporate Governance (GCG)       Sustainability
                                             Company Profile




Changes in Board of Commissioners and
Board of Directors’ Composition
Based on the AGMS Resolution on 30 May 2024, the composition of the Board of Directors (BoD) was amended as follows:
a.		 Appointing Mr. Lee Guo Chun (Luke Lee) as President Director and Mr. Gede Shanta Wiguna as Finance Director,
     effective upon the Bank’s receipt of official notification from OJK regarding the Fit and Proper Test decision,
     with their tenure ending at the closing of the Company’s AGMS in 2027.
b.		 Reappointing the existing members of the BoD, effective from the closing of the meeting until the closing of
     the AGMS in 2027, except for Mr. Haryanto Suganda and Mr. Soemenggrie Jongkamto, who shall remain in office until
     the effective appointment of Mr. Lee Guo Chun (Luke Lee) as President Director and Mr. Gede Shanta Wiguna as
     Finance Director.
c.		 Reappointing the existing members of the BoC, effective from the closing of the meeting until the closing of the
     AGMS in 2027.
Accordingly, the composition of the BoD and the BoC of the Bank became as follows:

                      Prior to 30 May 2024                                                 From 30 May 2024 Onwards
 Board of Directors                                                     Board of Directors
 President Director                  : Haryanto Suganda                 President Director                    : Haryanto Suganda1
 Director                            : Windiartono Tabingin             Director                              : Windiartono Tabingin
 Director                            : Nicolas Alix Groene              Director                              : Nicolas Alix Groene
 		                                    (Nick Groene)                    		                                      (Nick Groene)
 Director                            : Soemenggrie Jongkamto            Director                              : Soemenggrie Jongkamto2
                                                                        		                                      Gede Shanta Wiguna3
 Board of Commissioners                                                 Board of Commissioners
 President Commissioner              : Fatma Abdulla SS Al-Suwaidi      President Commissioner                : Fatma Abdulla SS Al-Suwaidi
 		                                    (Fatma Al-Suwaidi)               		                                      (Fatma Al-Suwaidi)
 Commissioner                        : Khalid Ahmed Al-Sada             Commissioner                          : Khalid Ahmed Al-Sada
 		                                    (Khalid Al-Sada)                 		                                      (Khalid Al-Sada)
 Independent Commissioner : Djoko Sarwono                               Independent Commissioner : Djoko Sarwono
 Independent Commissioner : Muhammad Anas Malla                         Independent Commissioner : Muhammad Anas Malla

Notes:
1) Haryanto Suganda served as President Director until Luke Lee’s appointment as President Director became effective once the Bank received
   official notification from OJK regarding its decision on the Fit and Proper Test.
2) Soemenggrie Jongkamto served as Finance Director up to 7 August 2024.
3) On 8 August 2024, Gede Shanta Wiguna’s appointment as the Bank’s Finance Director officially took effect.



Subsequently, based on the EGMS Resolution on 4 December 2024, the composition of the BoD was amended as follows:
a.		 Revoking the AGMS Resolution of 30 May 2024, specifically Agenda Five of the Meeting, regarding the appointment
     of Mr. Lee Guo Chun (Luke Lee) as President Director of the Bank. The revocation was made due to Mr. Lee Guo Chun
     (Luke Lee)’s resignation for health-related reasons.
b.		 Mr. Haryanto Suganda, who served as President Director of the Bank until the effective appointment of Mr. Lee Guo Chun
     (Luke Lee), based on the AGMS Resolution of 30 May 2024, shall conclude his tenure as President Director of
     the Company on 31 August 2024, following the revocation of Mr. Lee Guo Chun (Luke Lee)’s appointment and
     the expiration of Mr. Haryanto Suganda’s employment contract with the Bank on 31 August 2024. The release and
     discharge from responsibilities and liabilities (acquit et decharge) shall be determined in the AGMS that will discuss
     the approval of the Bank’s Annual Report, including the BoD Report, the Supervisory Report of the BoC, and the
     ratification of the Bank’s financial statements, which will be held in 2025.
c.		 Appointing Mr. Nicolas Alix Groene (Nick Groene) as President Director and Mr. Mario Albert Utama (Mario Utama) as
     Director of the Bank, effective upon obtaining OJK’s approval for the Fit and Proper Test, with their tenure aligning
     with the remaining term of the directors they are replacing, which will end at the closing of the Bank’s AGMS in 2027.




                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 51
Page 52
Changes in Board of Commissioners and
Board of Directors’ Composition (continued)
Accordingly, the composition of the BoD and the BoC of the Bank became as follows:

                     Prior to 4 December 2024                                           From 4 December 2024 Onwards
 Board of Directors                                                       Board of Directors
 President Director                  : Haryanto Suganda    1
                                                                          President Director                : Nicolas Alix Groene
                                                                          		                                  (Nick Groene)2
 Director                            : Windiartono Tabingin               Director                          : Windiartono Tabingin
 Director                            : Nicolas Alix Groene                Director                          : Gede Shanta Wiguna
 		                                    (Nick Groene)
 Director                            : Gede Shanta Wiguna                 Director                          : Mario Albert Utama
                                                                          		                                  (Mario Utama)3
 Board of Commissioners                                                   Board of Commissioners
 President Commissioner              : Fatma Abdulla SS Al-Suwaidi        President Commissioner            : Fatma Abdulla SS Al-Suwaidi
 		                                    (Fatma Al-Suwaidi)                 		                                  (Fatma Al-Suwaidi)
 Commissioner                        : Khalid Ahmed Al-Sada               Commissioner                      : Khalid Ahmed Al-Sada
 		                                    (Khalid Al-Sada)                   		                                  (Khalid Al-Sada)
 Independent Commissioner : Djoko Sarwono                                 Independent Commissioner : Djoko Sarwono
 Independent Commissioner : Muhammad Anas Malla                           Independent Commissioner : Muhammad Anas Malla


Notes:
1) Haryanto Suganda served up to 31 August 2024.
2) On 12 December 2024, Nick Groene’s appointment as President Director became effective.
3) Mario Utama’s appointment became effective once the Bank received official notification from OJK regarding the Fit and Proper Test decision.
   On 24 January 2025, Mario Utama’s appointment as Director became effective.


As of the date this report was issued, there were changes in the composition of the BoC and the BoD in 2025, with regards
to Mr. Mario Utama’s effective appointment as Director of the Bank on 24 January 2025.




52 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 53
2024 Highlights   Reports to Stakeholders                        Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




Executive Management Profiles

   Firdaus Effendi                                                               David Liswandi

   Chief Credit Officer                                                          Head of Information Technology
   Serving as Chief Credit Officer since 1 August 2024.                          Serving as Head of Information Technology since 1 July 2019.
   Earned his Master of Business Administration (MBA)                            Earned his Bachelor’s degree in Computer Science and
   from Gadjah Mada University. Has extensive experience in                      Bachelor of Statistics from Bina Nusantara University.
   banking credit. Previously worked for Eximbank as                             Experienced in managing IT Operations across multiple
   Head of Credit, managing and handling Corporate Credit                        industries. Previously worked for ANZ Bank Indonesia as
   Review. Prior to that, he served as Team Leader of                            Head of Technology Infrastructure & End User Services,
   Corporate Relationship Manager at Bank CIMB Niaga.                            managing several operational projects at ANZ Hong Kong
                                                                                 and Taiwan. Previous to that, he worked as IT Infrastructure
                                                                                 Specialist at Coca Cola Amatil Indonesia and as Consultant
                                                                                 at Mitra Integrasi Informatika.




   Haryuninglistia Setiantini                                                    Romy Yulianto Santoso

   Chief Risk Officer                                                            Chief Auditor
   Joined QNB Indonesia on 27 July 2020 as Head of                               Serving as Chief Auditor since 1 July 2020. Graduated with
   Market Liquidity & Enterprise Risk and currently serving                      a Bachelor’s degree in Economics from Bina Nusantara
   as Chief Risk Officer since 1 January 2024. Graduated                         University, and earned the Indonesia Internal Audit
   with a Bachelor of Science (Mathematics) from Bandung                         Practitioners (IIAP) from IIA Indonesia. Has more than
   Institute of Technology. Started her career in Bank                           23 years of experience in audit and risk management, having
   Danamon and has more than 16 years of experience in                           worked at various multinational banking institutions, among
   banking, especially in risk management. Prior to joining                      others Hana Bank, Maybank Indonesia, OCBC, Danamon,
   QNB Indonesia, she served as Head of Market and                               and UOB.
   Balance Sheet Risk Management at Bank Commonwealth.




   Carina Hastari Tanubrata                                                      Alfiana Gunawan

   Head of Human Resources                                                       Act. Head of Credit Reviewer
   Serving as Head of Human Resources since 20 March 2023.                       Serving as Act. Head of Credit Reviewer since
   Earned a Bachelor of Arts degree (double degree in                            11 September 2024. Earned her Bachelor’s degree in
   Psychology & Political Science) from the University of                        Finance Management from Atma Jaya University.
   Melbourne and a Master of Human Resource Management                           Experienced in managing credit across multiple
   degree from Monash University. Started her career as                          industries for more than 15 years. Previously worked for
   HR Manager at PSKD Mandiri School in 2002, then as HR                         Wholesale & Commercial Banking in Rabobank, with last
   Relationship Manager at Standard Chartered Bank, HRBP for                     position as Credit Risk Team Head, managing Credit
   business and support functions at Bank Commonwealth and                       Reviewer team that focused in food & agriculture
   Prudential Life Assurance and finally served as HR Business                   industries. Previous to that, she worked in Corporate and
   Partner Division Head at PT Bank OCBC NISP Tbk.                               Commercial Banking Division at HSBC.




   Grace Luzar                                                                   Charly Ferdinandus

   Head of Retail Banking                                                        Head of Operations
   Serving as Head of Retail Banking since 4 March 2024.                         Serving as Head of Operations since 11 April 2022.
   Earned her Master’s degree in International Business from                     Earned his Bachelor of Economics degree from Airlangga
   University of Melbourne. Experienced in banking and                           University, Surabaya. He started his banking career since
   investment advisory for almost 30 years. Previously                           1999, and has working experience of more than 25 years
   worked for Standard Chartered Bank Indonesia as Head of                       in Banking Operation, having worked at Citibank,
   Affluent and Client Relationship (Network & Distribution),                    Commonwealth Bank, with the last position being Head of
   managing Affluent Segment and Branch Network. Prior to                        Banking Service Management in PT Bank KEB Hana
   that, she held several positions in banking and investment                    Indonesia.
   advisory companies in Singapore and Indonesia.




                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 53
Page 54
Executive Management Profiles (continued)

   Dennis Tanu Utomo                                            Goeroeh Andhi Djaja L.

   Head of Corporate Banking                                    Head of IT Security & Risk Management
   Serving as Head of Corporate Banking since                   Serving as Head of IT Security & Risk Management since
   14 August 2023. He earned his Bachelor of Business &         3 February 2020. An expert in IT with more than 28 years
   Commerce from Monash University. He has experience           of experience of working in financial industry and
   for 18 years in several multinational Bank, such as HSBC     banking, including at Citibank and BTPN. Prior to joining
   Indonesia, DBS and Standard Chartered Bank.                  QNB Indonesia, he served as Bank Information Security
                                                                Officer at Bank CIMB Niaga.




   Denny Soedharmo                                              Ibnu Gutomo

   Head of General Services                                     Head of Strategy Execution
   Serving as Head of General Services Division since           Joined QNB Indonesia in September 2014 and has worked
   12 May 2014. Earned his Bachelor of Architecture from        in the Wholesale Banking division as well as in Retail
   Tarumanagara University and Master of Management             Banking, before now serving as Head of Strategy
   from Trisakti University. Previously, he worked as           Execution. He graduated from Bina Nusantara University
   GM Facility & General Services at BAT/Bentoel Group,         majoring in Information Engineering with a variety of work
   Head of Facility Management – Corporate Real Estate at       experiences in banking industry for 16 years. He had
   Bank Ekonomi (member of HSBC Group), and Head of             worked at several foreign banks, such as ABN-AMRO,
   Property and Facility Management Services at ABN             The Royal Bank of Scotland (RBS), and most recently at
   AMRO/RBS.                                                    HSBC as Corporate Liaison.




   Elvie Tanuwijaya                                             Indah Mathilda

   Head of Transaction Banking & Wholesale Funding              Head of Corporate Secretary
   Serving as Head of Transaction Banking and Wholesale         Serving as Head of Corporate Secretary since 11 May 2018.
   Funding since 2 January 2024, with over 20 years of          Obtained a Diploma from LPK Tarakanita. She has more
   experience in the field. She earned her Bachelor’s degree    than 24 years of banking experience, having served in
   in Finance and Marketing from Murdoch University,            various positions, including Head of Banking Marcom at
   Western Australia. She also has experience of working in     Citibank Indonesia, Head of Marketing for Private Banking,
   international banks, such as Maybank, Rabobank, Standard     Commercial and Branding and Segment Head for Retail
   Chartered, HSBC, and ANZ Panin Bank.                         Banking at PT Bank ANZ Indonesia. She is a member of
                                                                Indonesia Corporate Secretary Association (ICSA).




   Estrelita Lestari                                            Inggrid Ratna Hindiyani

   Head of Operational Risk                                     Head of Financial Crime Compliance
   Serving as Head of Operational Risk since 2 January 2020.    Serving as Head of Financial Crime Compliance (FCC)
   Graduated from Hofstra University, New York, USA, with       since January 2023. She earned her Bachelor’s degree in
   a Master of Science in Finance degree, and has more than     Accounting from Padjadjaran University. Previously
   13 years of experience in banking risk. Had served in        served as AMLO CTF Head at PT Bank KEB Hana
   various positions at Bank Commonwealth, among others         Indonesia, as well as Regional Financial Crime Advisory,
   as Head of Operational Risk, Head of Credit Quality Review   Asia Pacific at HSBC Corp. Ltd. Hong Kong.
   & Credit Policy, and Head of Credit Policy.




54 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 55
2024 Highlights    Reports to Stakeholders                      Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                             Company Profile




   Irwan Sukmana                                                                Reza Pradikta

   Head of Credit Remedial                                                      Head of QNB First
   Serving as Head of Credit Remedial since 4 September 2024.                   Joined QNB Indonesia on 2 September 2019 as QNB First
   Earned his MBA degree from University of Dallas, USA.                        Product Management Head and currently serving as
   Experienced in managing Wholesale and Corporate Banking                      Head of QNB First. Obtained his Bachelor of Psychology
   Risk Management. Previously worked for HSBC as SVP                           with double degree from University of Indonesia and
   Special Credit Unit, managing Distressed Asset and                           University of Queensland. He has more than 16 years
   Corporate Restructuring. Previous to that, he worked as                      of banking experience with his last position prior to
   Wholesale Credit Approval at HSBC.                                           joining QNB Indonesia as Customer Proposition in HSBC
                                                                                Indonesia.




   Mutiara Febriana DS                                                          Sry Ekawaty

   Head of Budgeting, Planning & MIS                                            Head of Credit Policies & Governance
   Serving as Head of Budgeting, Planning & MIS since                           Serving as Head of Credit Policies & Governance since
   2 January 2024. Graduated from the Faculty of Economics,                     20 May 2024, following her previous position as Head of
   University of Indonesia. Previously she occupied several                     Credit Administration held since 2017. Earned her
   positions in the fields of planning and budgeting, process                   Bachelor’s degree in Accounting from Trisakti University.
   improvement, and change management at Bank Danamon                           Previously served as Document Processing Head at
   and Bank Commonwealth.                                                       PT Bank UOB Indonesia Tbk, and had served as Activation &
                                                                                Documentation Manager at Bank DBS, Team Leader Credit
                                                                                Documentation at Deutsche Bank, and several positions at
                                                                                ABN AMRO Bank with the last position as Team Leader of
                                                                                Private Segment Market and continued with Wholesale
                                                                                Segment, Citibank, with last position as frontliner at branch.




   Niken Ratmitasari                                                            Teresa Ardania Gunadi

   Head of Legal                                                                Head of Corporate Communication
   Joined QNB Indonesia on 20 May 2023 as Head of Legal.                        Serving as Head of Corporate Communication since
   Graduated from the Faculty of Law, University of                             August 2018. Earned her Bachelor’s degree in Economics
   Indonesia in 1995 with a major in Law on Economic                            from Atma Jaya University, Jakarta. Previously, she served
   Activities. Experienced as Head of Legal at MUFG Jakarta                     as Branding Head and Credit Card, QNB First & E-Banking
   branch, and as part of the legal team at HSBC. Before                        Marcomm Head in Corporate Communication Division.
   joining HSBC, she was part of AHP & Partners, PT Sigma                       Prior to that, she had served as Head Marketing Strategic
   Batara, and HPRP Law Firm (aka HSP Law Firm).                                Initiatives (MSI) Section at Marketing and Communication
                                                                                Department of Asuransi Jiwa Manulife Indonesia, and
                                                                                Proposition & Customer Loyalty Manager Preferred,
                                                                                Private and Wealth Management at CIMB Niaga.




   Novia Valencia Wibowo                                                        Vitriana Puspadewi Anggoro

   Head of Credit Analyst                                                       Head of Credit Administration
   Joined QNB Indonesia on 2 January 2023 as Head of                            Serving as Head of Credit Administration since
   Credit Analyst – Corporate & Institutional Banking.                          21 February 2024. Earned her Bachelor’s degree in Law
   Industrial Engineering graduate from Pelita Harapan                          from Bandung Islamic University. Experienced in banking
   University with experience in the corporate banking                          industry more than 17 years. Previously she served as
   segment, including at BCA, HSBC Indonesia, and OCBC                          Credit Disbursement Head in Credit Administration Division.
   NISP, with the last position as Enterprise Banking Credit                    Before joining QNB Indonesia, she worked at several
   Analyst Head.                                                                banks, including Bank UOB Indonesia and Bank CTBC
                                                                                Indonesia.




                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 55
Page 56
Shares & Other Securities Listing
Chronology
Share Listing Chronology

                                                                 Number of                       Offering
     Corporate Action                        Date                                 Par Value                      Paid Up Capital
                                                                Shares Issued                     Price
 Prior to Initial Public                                                                                      321,200,000 shares ~
                                                                      -            Rp250             -
 Offering of Shares                                                                                            Rp80,300,000,000
 Initial Public Offering                                                                                      400,000,000 shares ~
                                     31 October 2002             78,800,000        Rp250         Rp250
 of Shares                                                                                                     Rp100,000,000,000
                                                                                                               501,219,000 shares ~
 Warrant Series I                  21 November 2002              101,219,000       Rp250         Rp250
                                                                                                               Rp125,304,750,000
                                                                                                              626,523,750 shares ~
 Rights Issue I                        15 June 2009              125,304,750       Rp250         Rp320
                                                                                                               Rp156,630,937,500
                                                                                                              3,561,787,518 shares ~
 Rights Issue II                   27 December 2010             2,935,263,768      Rp250         Rp250
                                                                                                               Rp890,446,879,500
                                                                                                              6,158,330,518 shares ~
 Rights Issue III                       27 May 2013             2,596,543,000      Rp250         Rp250
                                                                                                              Rp1,539,582,629,500
                                                                                                              8,757,145,997 shares ~
 Rights Issue IV                        2 June 2014             2,598,815,479      Rp250         Rp250
                                                                                                              Rp2,189,286,499,250
                                                                                                              16,992,865,249 shares
 Rights Issue V                        20 June 2017             8,235,719,252      Rp250         Rp250
                                                                                                              ~ Rp4,248,216,312,250
                                                                                                              20,436,685,984 shares
 Rights Issue VI                        22 May 2018             3,443,820,735      Rp250         Rp250
                                                                                                              ~ Rp5,109,171,496,000
                                                                                                              35,158,048,365 shares
 Rights Issue VII                      28 April 2023            14.721.362.381     Rp250         Rp250
                                                                                                              ~ Rp8,789,512,091,250


Other Securities Listing Chronology

                                                                                       Offering
                                   Issuance         Coupon                                               Securities’      Ratings
   Name of Securities                                             Maturity Date         Value
                                     Year             (%)                                                  Rating         Agency
                                                                                      (Rp billion)
 Shelf Registration
 Bond I Phase I                                     9.50% per
                                     2019                          5 July 2022             100           AAA(idn)      Fitch Ratings
 Year 2019                                            annum
 Bank QNB Indonesia
 Shelf Registration
 Bond I Phase II                                    7.10% per
                                     2019                       6 December 2020            452           AAA(idn)      Fitch Ratings
 Year 2019                                            annum
 Bank QNB Indonesia
 Shelf Registration
 Bond I Phase III                                   6.25% per
                                     2020                       10 November 2021           448           AAA(idn)      Fitch Ratings
 Year 2020                                            annum
 Bank QNB Indonesia




56 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 57
2024 Highlights     Reports to Stakeholders                       Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                                Company Profile




Public Accountant




                  Adherence to rigorous auditing standards supports transparency to gain greater investor trust in QNB Indonesia.




Appointment of External Auditor
The Bank appointed Public Accounting Firm Purwantono, Sungkoro & Surja to audit the Bank’s financial statements for
2024. The appointment was made in accordance with the regulations of Bank Indonesia, OJK, and other relevant regulations.

Audit Implementation
To ensure optimal audit processes and results, the Financial Accounting & Control Division is responsible for conducting
coordination and communications with the external auditor.
The Public Accounting Firm Purwantono, Sungkoro & Surja is responsible to conduct the following activities:
1.		 Investigate all material accounts, based on applicable Professional Public Accountant Standards and ensure its compliance
     with applicable Indonesia Accounting Standards;
2.		 Communicate audit findings to the Bank’s management and OJK; and
3.		 Maintain independence while carrying out its duties.
For 2024, the Public Accounting Firm performed its assignment for the first year for the Bank, with its scope of work
including limited review, interim audit, and year-end audit. The Public Accounting Firms and the Public Accountants who
had provided financial audit services to the Bank in the past five years are presented in the table below:


 Fiscal
                                              Public Accounting Firm                                                  Public Accountant
  Year
 2024      Purwantono, Sungkoro & Surja (a member of Ernst & Young Global Limited)                           Christophorus Alvin Kossim
 2023      Purwantono, Sungkoro & Surja (a member of Ernst & Young Global Limited)                           Christophorus Alvin Kossim
                                                                                                             Rudi Hartono Purba, S.E., Ak.,
 2022      Amir Abadi Jusuf, Aryanto, Mawar & Rekan (a member of RSM Global)
                                                                                                             CA., CPA.
 2021      Amir Abadi Jusuf, Aryanto, Mawar & Rekan (a member of RSM Global)                                 Bimo I. Santoso, S.E., Ak., CPA.
 2020      Amir Abadi Jusuf, Aryanto, Mawar & Rekan (a member of RSM Global)                                 Bimo I. Santoso, S.E., Ak., CPA.
 2019      Amir Abadi Jusuf, Aryanto, Mawar & Rekan (a member of RSM Global)                                 Bimo I. Santoso, S.E., Ak., CPA.


The fees for the audit of financial statements for the 2024 financial year paid to the above mentioned Public Accounting
Firm amounted to Rp1.54 billion.




                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 57
Page 58
Capital Market Supporting Institutions
and Professions
Share Registrar                                         Stock Exchange

   PT Adimitra Jasa Korpora                              PT Bursa Efek Indonesia
   Jl. Kirana Avenue III Blok F3 No.5 Kelapa Gading      Indonesia Stock Exchange Building
   North Jakarta 14250                                   1st Tower 6th Floor
                                                         Jl. Jend. Sudirman Kav. 52–53
   Tel                       : (+62 21) 2974 5222
                                                         Jakarta 12190
   Fax                       : (+62 21) 2928 9961
                                                         Call Center           : 150515 (Domestic Only)
   Services rendered : Administration of shares.
                                                         Email                 : contactcenter@idx.co.id
   Assignment period : January–December 2024.
                                                         WhatsApp              : +62 811 8115 0515
   Fees in 2024      : Rp46,620,000.
                                                         Website               : www.idx.co.id
                                                         Services rendered : Listing of shares &
                                                         		                  CTP screen.

Public Accounting Firm
                                                         Assignment period : January–December 2024.
                                                         Fees in 2024      : Rp290,820,820.



   Ernst and Young
   Indonesia Stock Exchange Building                    Notary
   Tower 2, 7th Floor
   Jl. Jend. Sudirman Kav. 52-53
   Jakarta 12190
                                                         Notaris Fathiah Helmi SH
   Tel                       : (+62-21) 5289 5000
                                                         Graha Irama, 6th Floor
   Fax                       : (+62 21) 5289 4100
                                                         Jl. H. R. Rasuna Said Blok X-1, Kav. 1 & 2
   Website                   : www.ey.com
                                                         Kuningan, South Jakarta 12950
   Services rendered : Audit of financial statements
                                                         Tel                   : (+62 21) 5290 7304–6
   		                  & income tax audits for
                                                         Fax                   : (+62 21) 526 1136
   		                  expatriate employees.
   Assignment period : January–December 2024.            Services rendered : Notarial services.
   Fees in 2024      : Rp1,784,081,052.                  Assignment period : January–December 2024.
                                                         Fees in 2024      : Rp72,816,000.



Securities Depository and
Settlement Institution

   PT Kustodian Sentral Efek Indonesia
   Indonesia Stock Exchange Building,
   1st Tower 5th Floor
   Jl. Jend. Sudirman Kav. 52–53
   Jakarta 12190
   Tel                       : (+62 21) 5299 1099
   Fax                       : (+62 21) 5299 1199
   Email                     : helpdesk@ksei.co.id
   Website                   : www.ksei.co.id
   Services rendered : Custodianship of securities,
   		                  consolidation of mutual funds,
   		                  GMS.
   Assignment period : January–December 2024.
   Fees in 2024      : Rp89,774,605.




58 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 59
2024 Highlights   Reports to Stakeholders                        Management Discussion and Analysis       Corporate Governance (GCG)      Sustainability
                                            Company Profile




Membership in Associations

                                                                                                      Membership Status

                                                          Membership
 No                     Association
                                                            Period

                                                                                 Member          Committee            Position in Committee




                                                                                                                            Membership
   1    Ikatan Auditor Internal Bank (IAIB)                       -                                     
                                                                                                                            Administrator


        Institute of Internal Auditors (IIA)
  2     Indonesia (only Chief Auditor & Sub                       -                                     -                     Member
        Division Head)


        Alternative Institution for Dispute
  3     Resolution in the Financial Services                      -                                     -                     Member
        Sector (LAPS SJK)



  4     Aswiftindo                                            2024–2025                                 -                     Member



        Indonesian Payment Systems
  5                                                           2024–2025                                 -                     Member
        Association (ASPI)



        Banker Association for Risk Management                                                                          Secretary General &
  6                                                               -                                     
        (BARa)                                                                                                               Member



        Banking Compliance Directors
  7                                                               -                                               Deputy Secretary General
        Communications Forum (FKDKP)



  8     National Banks Association (Perbanas)                     -                                                      Legal and ESG



        Indonesia Corporate Secretary
  9                                                               -                                     -                     Member
        Association (ICSA)



        Information Systems Audit and Control
  10                                                          2024–2025                                 -                     Member
        Association (ISACA)



        Association of Mutual Fund Selling
  11                                                          2024–2025                                 -              Chairman & Member
        Agent Banks of Indonesia (ABAPERDI)



  12    Financial Markets Association (ACI FMA)               2023-2024                                 -                     Member




                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 59
Page 60
Management
Discussion and
Analysis
Harnessing agility and adaptability, QNB Indonesia makes tactical maneouvres to
surmount challenges and offer a versatile range of banking services that meet
every customer need.
Page 61
2024 Highlights   Reports to Stakeholders   Company Profile                                        Corporate Governance (GCG)   Sustainability
                                                              Management Discussion and Analysis
Page 62
Industry Review
Global economic developments                                   On the inflation front, prices were well into the policy target
                                                               range of 1.5-3.5%, with a full year figure of 1.6% for 2024.
Early in the year, economic weakness across major
                                                               On the currency front, however, the IDR lost ground
advanced economies dominated the global macro agenda.
                                                               against the USD. This was propped by firm growth in
A rapid slowdown in the US, disappointing growth in China
                                                               the US and overall USD strength globally on the back of
and continuous stagnation in Europe provided a gloomy
                                                               uncertainty about the tariffs and other policies of the new
environment for 2024, with global growth expectations
                                                               US administration. For 2024, the average USD:IDR rate
starting the year at 2.6%, only a touch above the 2.5% mark
                                                               stood at 15,855, 4.1% below the 2023 average.
that commonly defines a global recession.
                                                               Despite external challenges, foreign investments in
In H1 2024, both activity and inflation surprised to
                                                               Indonesia grew 20.8% in 2024, reaching Rp1,714 trillion,
the upside globally, creating a temporary renewal of
                                                               with foreign direct investments (FDIs) making up 52.5%
the “inflation scare” that contributed to spur significant
                                                               of the total. This demonstrated the success of
uncertainty about the path and even the direction
                                                               the government in preserving an attractive investment
of policy rates. However, price pressures were related to
                                                               climate, even as the country transitioned from
lagging factors, such as housing costs. Despite this,
                                                               the previous administration to the current one, following
labour markets eased gradually while remaining resilient
                                                               Indonesia’s general election. Sizable mining and metals
and inflation moderated, triggering a change in sentiment
                                                               projects were major drivers for FDIs into Indonesia.
and turnaround of outlook later in the year. Lower inflation
                                                               This is a reflection of the country’s growing importance
justified the beginning of meaningful monetary policy
                                                               in the global electric vehicles supply chains and
easing cycles. The US Federal Reserve (Fed) cut policy
                                                               the government’s efforts to promote manufacturing and
rates by 100 basis points (bps) to 4.5% and the European
                                                               the processing of natural resources through higher value
Central Bank (ECB) cut by 100 bps to 3%.
                                                               added activities.
In China, towards the end of the year, after a difficult
                                                               In terms of government spending, a large share of
period of weak real estate and low consumer confidence,
                                                               the 2024 State Budget went to the infrastructure sector,
China launched a major package of policy stimulus,
                                                               particularly to fund the strategic multi-years project of
breaking with the previous cycle of limited, gradual and
                                                               the new capital city—Ibu Kota Nusantara or IKN—in
small support for economic activity. The package of new
                                                               East Kalimantan.
measures included the recapitalisation of state banks,
cuts in interest rates and reserve requirement ratios,         Indonesia’s banking sector posted an increase in lending
more fiscal spending and support for real estate and           of 10.39% to reach Rp7,827 trillion by the end of 2024.
capital markets. This triggered the beginning of a shift in    The largest expansion in lending occurred in
investor sentiment.                                            consumption loans, followed by investment loans and
                                                               working capital loans. Importantly, micro-, small and
As a result, the year ended up being defined by a more
                                                               medium-sized enterprises (MSMEs), which form
positive backdrop of moderate global growth of 3.1%
                                                               the backbone of Indonesia’s economic development,
combined with falling inflation across most advanced
                                                               absorbed an increasing amount of lending.
economies and significant monetary policy easing.
                                                               A relatively high interest rate environment for much of
At the same time, oil prices remained relatively stable on
                                                               2024 impacted the profitability levels of banks in
the back of OPEC+ countries deciding to maintain
                                                               Indonesia. Overall, NIM declined from 4.92% at the end of
restrictive supply management limits, which offset
                                                               2023 to 4.72% at the end of 2024, while ROA declining
the effects from both a slowdown in demand growth in
                                                               by 6 bps to 2.72% within the same period. Nonetheless,
Asia and supply expansion in non-OPEC+ countries,
                                                               stability in the banking sector was maintained, as shown
such as in the Americas quartet of the US, Guyana,
                                                               by a relatively steady CAR of 26.76% while NPL gross
Canada and Brazil. Brent crude prices averaged USD 79
                                                               declined from 2.19% in 2023 to 2.08%. Meanwhile, NPL
per barrel (p/b) for the year, roughly flat vis-à-vis last
                                                               net was recorded at 0.74%, slightly higher than in 2023’s
year but still significantly above the 10-year average of
                                                               year-end figure of 0.71%. Banks closed the year
USD 66 p/b.
                                                               demonstrating adequate resilience against potential
Indonesian economy and banking industry                        liquidity shocks and systemic crises, with year-end LCR
                                                               and NSFR figures markedly higher than their respective
In a context of steady global economic growth despite          minimum levels set by the regulators.
rising geopolitical uncertainty, Indonesia’s real GDP
expanded by 5% in 2024. This growth was bolstered by
robust household spending and strong export performance,
which allowed Indonesia to record 56 consecutive months
of trade surplus by the end of the year.
Throughout the year, the country’s central bank,
Bank Indonesia, tweaked monetary policy to adapt to
macroeconomic conditions. While the key policy rate
(7-day reverse repo rate) ended the year at 6%, the same
level as of December 2023, this came after fine tunings of
25 basis points (bps) in Q2 (rate hike) and Q3 (rate cut),
amid a pro-active stance designed to deliver the dual
mandate of stable inflation and foreign exchange (FX).


62 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 63
2024 Highlights    Reports to Stakeholders    Company Profile                                             Corporate Governance (GCG)      Sustainability
                                                                 Management Discussion and Analysis




Banking Business Review
                                                                              Strengthening Credit Quality and Expanding
   Corporate &                                                                Portfolios
                                                                              Amidst growing economic complexities and heightened
   Institutional Banking                                                      industry competition, QNB Indonesia strategically
                                                                              targeted high-credit-quality debtors with robust
                                                                              reputations. This prudent approach enabled the Bank to
   In 2024, the The Corporate & Institutional                                 expand its portfolio while maintaining a focus on financial
   Banking (CIB) division concentrated on                                     stability and delivering greater value to its clients.
   facilitating financial intermediation across key                           The Bank’s commitment to robust credit risk
   growth industries, including technology,                                   management further reinforced its portfolio quality. By
   media, and telecommunications (TMT),                                       implementing rigorous oversight and proactive measures,
   metals & mining, and agribusiness.                                         the Bank minimised risk exposure, enhanced resilience,
   These critical sectors not only contribute                                 and ensured sustainable financial performance, even in
   significantly to the national economy but also                             challenging market conditions.
   align with the Bank’s mission to foster                                    Driving Innovation with Enhanced Digital
   sustainable economic progress and unlock                                   Services
   long-term growth opportunities.
                                                                              As part of its commitment to delivering value-added
                                                                              services, QNB Indonesia enhanced its Corporate Internet
                                                                              Banking platform in 2024. This included the launch of
Delivering Tailored Financial Solutions for Growth                            a next-generation tax payment system, simplifying and
                                                                              expediting payment processes for corporate clients.
In 2024, global economic growth reached 3.2%,
                                                                              In addition, the introduction of innovative features such
underscoring the challenges posed by economic
                                                                              as bulk transfers via RTGS, online banking, and BI-FAST
fragmentation and geopolitical tensions. Despite these
                                                                              provided unmatched flexibility and efficiency, ensuring
headwinds, Indonesia’s economy showcased its
                                                                              seamless and streamlined operations for clients.
resilience with a GDP growth rate of 5.03%. Domestic
inflation was contained at 1.57%, while household                             Looking Ahead to 2025
consumption, traditionally a key driver of growth,
expanded by 4.94%, reflecting the country’s steadfast                         In 2025, CIB division will remain steadfast in its pursuit
economic fundamentals.                                                        of delivering transformative financial solutions. By
                                                                              leveraging advanced digital technologies, deep industry
The CIB division continues to empower businesses with                         expertise, and a customer-first approach, the Bank aims
customised financial solutions tailored to the specific                       to solidify its position as the partner of choice
needs of large corporations, state-owned enterprises                          for corporations and institutions across Indonesia.
(SOEs), and non-bank financial institutions. With a strong
focus on strategic sectors such as manufacturing,                             As we look to the future, QNB Indonesia remains
telecommunications, mining, and financial services,                           committed to fostering resilience, driving sustainable
the CIB team remains a trusted partner in driving                             growth, and empowering businesses to thrive in a dynamic
sustainable business growth.                                                  and ever-evolving economic landscape.




       Together, we deliver exceptional corporate and institutional banking services that drive our customers' business growth and success.



                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 63
Page 64
Banking Business Review (continued)
                                                               programme featuring more comprehensive QNB First

   Retail Banking                                              offerings. This strengthened the market appeal of
                                                               the Bank’s Retail Banking products.

                                                               2024 Performance
   Throughout 2024, the Retail Banking
                                                               The Retail Banking segment recorded positive
   segment prioritised enhancing customer                      performance across several aspects in 2024. A key
   experience, particularly for the upper-class                highlight was the net interest income achievement up to
   segment under QNB First. Various initiatives                the end of 2024, amounting to Rp62,36 billion.
   were undertaken to achieve this goal,                       This figure represented 147% of the annual target set in
   resulting in an increase in customers within                the Bank’s Business Plan. This achievement demonstrated
   this segment.                                               the Bank’s ability to maintain income stability in a highly
                                                               dynamic market environment.
                                                               The Bank also continued to strengthen its business
                                                               foundation by developing various initiatives to meet
Operations
                                                               customer needs. The diversification of Wealth
With a deep understanding of the lifestyle and integrated      Management products, initiated at the end of the year,
banking service needs of QNB First customers, the Bank         is expected to contribute positively in the future.
introduced the innovative First Reward programme.
In collaboration with Garuda Indonesia, the Bank offered
                                                               Plans for 2025
GarudaMiles to both new and existing QNB First                 In 2025, the Bank will prioritise growing the volume of
customers who placed funds in various deposit and              third-party funds and diversifying its Wealth Management
Wealth Management products. These GarudaMiles                  products, with a focus on increasing the number of
rewards complemented the exclusive range of QNB First          customers in the Priority Banking segment. This strategy
Travel Privileges.                                             is designed to capitalise on growth opportunities while
                                                               solidifying the Bank’s position relative to
In addition to these rewards, other travel conveniences
                                                               its competitors, while also continuing to monitor
were on offer, including airport transfer facilities in
                                                               the prevailing market trends.
12 cities across Indonesia, premium airport handling
services through the Premium Airport Special Service
(PASS) in 10 airports, and access to Airport Executive
Lounges at 21 airports nationwide.
In 2024, the Bank also expanded its travel-related
facilities tailored to meet the lifestyle needs of premium
customers by offering transport services to the Whoosh
KCIC High-Speed Railway Station in Jakarta.
Various attractive programmes catering to customers’
lifestyles were strengthened by digital services,
enhancing the convenience and efficiency of the Bank’s
services. For instance, the addition of QRIS payment
facility from savings accounts enabled faster and easier
transactions for retail customers.
Additionally, the integration of mutual fund and unit-linked
bancassurance balances into the QNB Mobile Banking app
allowed customers to monitor their investment portfolios
directly. This provided a more personalised and relevant
banking experience, attuned to their investment needs.
In 2024, the Bank proactively enhanced its sales team’s
capabilities to meet customer needs more effectively.
Simultaneously, the Bank introduced various new Wealth
Management products close to the end of 2024,
enriching its offerings to cater to the evolving investment
needs of the premium segment.

Marketing
The 2024 marketing strategy for retail customers
focused on partnerships with major companies, such as
Garuda Indonesia and Food Hall, to reach a new base of
premium customers from among their loyal consumers.
                                                                 QNB Indonesia delivers seamless convenience to retail banking
The Bank also acquired a substantial number of new
                                                                   customers to transact effortlessly, anytime and anywhere.
customers through the launch of a revamped acquisition


64 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 65
2024 Highlights   Reports to Stakeholders   Company Profile                                            Corporate Governance (GCG)      Sustainability
                                                              Management Discussion and Analysis




Human Resources
                                                                          on greater responsibilities were recognised and promoted.

   Awards                                                                 One example of the Bank’s smooth succession in 2024
                                                                          was the promotion of one employee to Senior Management,
                                                                          and appointment of several others as division heads.
   HR Asia Awards                                                         In promoting overall well-being, the Bank introduced three
      		 The Best Companies to Work For in Asia 2024                      additional leave days and flexible joint leave arrangements
                                                                          without reducing annual entitlements. Comprehensive
      		 Most Caring Company 2024                                         health insurance, regular health and safety training, and
                                                                          Business Continuity Management drills underscored
                                                                          the Bank’s dedication to maintaining a safe and prepared
Bank QNB Indonesia’s human resources strategy in                          work environment. These efforts proved effective, with no
2024 was built upon three core pillars: creating                          workplace accidents reported throughout the year.
a positive work environment, attracting the right talent,
and fostering a high-performance culture. These efforts                   In addition, the Bank monitored employee productivity
were closely aligned with the Bank’s new vision and                       through KPI tracking in its HRIS system, ensuring
mission, resulting in accolades garnered by the Bank, i.e.,               alignment between individual contributions and
as one of the Best Companies to Work For in Asia 2024,                    business objectives. With no major grievances reported,
and Most Caring Company 2024. Those awards affirmed                       and the Collective Bargaining Agreement valid through
the Bank’s commitment to improving employee                               November 2025, the Bank maintained a stable,
engagement and well-being while establishing a supportive                 productive, and supportive workplace.
and empowering workplace culture.
                                                                          Workforce Profile
One of the steps in strengthening its workforce was
the Management Development Programme (MDP), which


                                                                              403 employees
welcomed 10 participants into a 24-month learning journey
programme, geared to prepare them to be the Bank’s future
leaders. Alongside nurturing internal talent, senior
hiring—such as appointing a new CEO, CIB Director, CCO,                       Total employees per 31 December 2024
Head of Retail Banking, and Head of Credit Remedial—
fortified the leadership team with critical expertise.
                                                                          The Bank’s recruitment efforts in 2024 ensured its
At the same time, the launching of Bank QNB Indonesia’s
                                                                          headcount remained right-sized to support the Bank’s
Ruby Women’s Club showed the commitment to support
                                                                          business growth. As at 31 December 2024, the Bank had
female employees by offering them a safe and inclusive
                                                                          403 employees, with their demographic distribution
community, helping to ensure a fair and respectful
                                                                          detailed as follows:
workplace for everyone.

                                                                            Gender                                                  Headcount

   40 hours                                                                 Female
                                                                            Male
                                                                                                                                            200
                                                                                                                                             203
   Total training hours per year


To ensure employees remained equipped for an evolving                       Position Level                                          Headcount
banking landscape, the Bank prioritised continuous                          Senior Executive Vice President
learning and skill enhancement, providing a structured                      (SEVP) and Director                                                  8
and enriched training framework. Each employee was
required to complete at least 40 hours of training                          Executive Vice President (EVP)                                       5
annually, ensuring consistent skill development. In 2024,
                                                                            Senior Vice President (SVP)                                         19
new mandatory e-learning modules on data protection
and sustainable finance were introduced as part of                          Vice President (VP)                                                43
the Bank’s efforts to staying ahead of industry trends.
                                                                            Assistant Vice President (AVP)                                     45
Training programmes were offered in both online and
offline formats. Regular updates ensured alignment with                     Senior Manager (SMgr)                                              53
the latest banking sector developments and workplace                        Manager (Mgr)                                                      42
trends, with the e-library now fully available in
the Indonesian language for enhanced accessibility.                         Assistant Manager (AMgr)                                           39
A robust development framework was strengthened                             Senior Officer (SO)                                                55
through transparent performance evaluations conducted
mid-year and at year-end. These evaluations identify high                   Officer (O)                                                        37
performers as well as providing opportunities for                           Senior Assistant (SAsst)                                           33
them to advance in their careers. Employees
who demonstrated exceptional achievements and took                          Assistant (Asst)                                                   24


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 65
Page 66
Human Resources (continued)




                              QNB Indonesia invests in cultivating top talent to deliver the best services for customers.




 Education                                            Headcount                   Term of Office                            Headcount
 Master’s Degree/Doctoral Degree                                  41              <1 year                                          78
 Bachelor’s Degree                                             303                1–5 years                                       129
 Diploma 3                                                       38               6–10 years                                      85
 Diploma 1                                                         2              11–15 years                                     64
 Senior High School                                               18              16–20 years                                     20
 Junior High School                                                 1             >= 21 years                                      27



 Age                                                  Headcount                   Total                                          403
 >= 55 years old                                                   7
 50–54 years old                                                 50
 45–49 years old                                                  51
 40–44 years old                                                  91
 35–39 years old                                                 88
 30–34 years old                                                 63
 25–29 years old                                                 33
 20–24 years old                                                 20



 Employment Status                                    Headcount
 Permanent Employee                                             375
 Contract Employee                                               28


66 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 67
2024 Highlights    Reports to Stakeholders   Company Profile                                                Corporate Governance (GCG)      Sustainability
                                                                   Management Discussion and Analysis




Information Technology
Information technology (IT) takes a crucial role in shaping and
securing the day-to-day operations of the Bank, from empowering
tellers and frontliners at branches, to ensuring safe transaction
and storage of customer data. IT has also been instrumental in
aiding the Compliance team ensure timely and comprehensive
reporting to various authorities, in line with the requirements
and regulations.
In 2024, IT initiatives were aimed at improving process                        Furthermore, the Bank conducts penetration testing on
automation, streamlining the technology stack used                             annual basis, covering all channels through which
across the Bank, and strengthening the compatibility                           the Bank’s IT systems are exposed to the internet.
between the Bank’s systems. At the same time, the Bank                         The Bank encrypts all its digital assets, including
continued to strengthen its IT governance by introducing                       customer data, and manage them within well-secured
certain policies and procedures, while also expanding its                      servers administered on-premise. Strict implementation
capabilities to enhance processes and capabilities to                          of data guardrails by all Bank personnel helps create
serve customers better.                                                        a sense of peace of mind in our customers and everyone
                                                                               that transacts with the Bank.
In terms of IT infrastructure strengthening, throughout
2024 the Bank regularly performed vulnerability
assessments. The results informed decisions made
surrounding its IT security aspects, and every remediation
                                                                                      Aside from upholding an
step taken to address any weak points is tracked and                                  excellent performance in
reported. This allowed the Bank to update its IT
infrastructure as needed, and ensure the security of all                              cybersecurity, the Bank
systems across its network of contact points.                                         understands the imperative for
                                                                                      its IT systems and
                                                                                      infrastructure to be available
                                                                                      100% of the time,
                                                                                      with a high level of reliability,
                                                                                      for the smooth use of
                                                                                      the Bank’s services by internal
                                                                                      and external parties.”
                                                                               To do so, disaster recovery tests are conducted
                                                                               regularly, preparing the Bank to react with tactical agility
                                                                               upon any event of disruption. The Bank also has proactive
                                                                               monitoring processes that are active at all times, allowing
                                                                               preemptive detection of any potential issue that may
                                                                               disrupt its operations. The IT team will enlist
                                                                               the assistance from other teams within the Bank to follow
                                                                               up identified issues and mitigate related risks.
                                                                               In the meantime, the Bank will activate its backup IT
                                                                               infrastructure that is maintained during normal operations
                                                                               and routinely updated, for a smooth transition.
                                                                               Going forward, the Bank will aim to further expand
                                                                               its IT capabilities to deliver a smoother, more seamless
                                                                               customer experience across all channels in which its
                                                                               products are offered, with a focus on data security and
                                                                               privacy. Internally, IT systems will be strengthened to
                                                                               deliver more expeditious and efficient processing, raise
    Secure and state-of-the-art IT infrastructure ensures smooth
                                                                               employee productivity and convenience, and at
              banking operations at QNB Indonesia.                             the same time apply comprehensive risk management
                                                                               measures across the Bank.


                                                                                                        PT Bank QNB Indonesia Tbk Annual Report 2024 — 67
Page 68
Financial Analysis
Statement of Financial Position

 (in million Rupiah)
                                                                                                 Change
 Description                                             2024         2023           Total    Percentage
 Assets
 Cash                                                   36,917       24,445        12,472          51.02
 Current Accounts with Bank Indonesia                  410,213     543,920       (133,707)       (24.58)
 Current Accounts with Other Banks
   Related Parties                                         316          282             34         12.06
   Third Parties                                       38,502       183,822     (145,320)        (79.05)
   Allowance for Impairment Losses                          (7)         (15)             8         53.33
 Current Accounts with Other Banks – Net                38,811      184,089      (145,278)       (78.92)
 Placements with Bank Indonesia and Other Banks      1,336,301    1,092,008      244,293           22.37
 Derivative Receivable                                  3,269             11        3,258       29,618.18
 Securities Purchased Under Agreement to Resell              0    2,977,202    (2,977,202)         (100)
 Loans
   Related Parties                                        892          1,976       (1,084)       (54.86)
   Third Parties                                     8,453,674    5,954,448     2,499,226           41.97
 Sub-total                                          8,454,566     5,956,424     2,498,142          41.94
 Less: Allowance for Impairment Losses              (488,839)      (507,139)       18,300            3.61
 Loans – Net                                         7,965,727    5,449,285     2,516,442          46.18
 Securities
   Third Parties                                    2,160,025       389,952      1,770,073       453.92
 Prepayments                                            43,198       33,035         10,163         30.76
 Deferred Tax Assets – Net                            249,124       280,354       (31,230)         (11.14)
 Fixed Assets and Right–of–Use-Assets
   Cost                                               548,423       509,672        38,751           7.60
   Accumulated Depreciation                         (345,236)     (296,756)      (48,480)         (16.34)
   Book Value                                         203,187        212,916       (9,729)         (4.57)
 Intangible Assets
   Cost                                                176,709       164,411       12,298           7.48
   Accumulated Amortisation                           (116,160)    (104,519)       (11,641)        (11.14)
   Book Value                                          60,549        59,892           657            1.10
 Foreclosed Assets                                    236,041       250,416       (14,375)         (5.74)
 Other Assets                                          109,511     255,960      (146,449)         (57.22)
 Total Assets                                       12,852,873    11,753,485    1,099,388           9.35


 Liabilities and Equity
 Liabilities
 Liabilities Payable on Demand                          21,022       12,555         8,467          67.44
 Deposits from Customers
   Related Parties                                     98,429        80,145        18,284          22.81
   Third Parties                                     7,243,449    6,259,058       984,391           15.73
 Sub-total                                           7,341,878    6,339,203     1,002,675          15.82
 Deposits from Other Banks
   Related Parties                                    322,474           276       322,198      116,738.41
   Third Parties                                             17        1,556       (1,539)        (98.91)
 Sub-total                                            322,491          1,832     320,659       17,503.22
 Derivative Payables                                     7,775         1,838        5,937         323.01



68 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile                                            Corporate Governance (GCG)      Sustainability
                                                              Management Discussion and Analysis




 (in million Rupiah)
                                                                                                                                         Change
 Description                                                               2024                    2023                Total        Percentage
 Securities Sold Under Repurchase Agreements                              95,873             385,051              (289,178)               (75.10)
 Obligation for Post-employment Benefits                                  75,739                   67,187             8,552                 12.73
 Accruals and Other Liabilities                                         239,383              254,370                (14,987)               (5.89)
 Total Liabilities                                                     8,104,161          7,062,036              1,042,125                  14.76


 Equity
 Share capital – Par Value of Rp250 (Whole Rupiah)
 per share
   Authorised Capital 40,000,000,000 Shares as of
   31 December 2024 and 2023
   Issued and Fully Paid Capital 35,158,048,365
   Shares as of 31 December 2024 and 2023                             8,789,512            8,789,512                        0               0.00
 Additional Paid-In Capital – Net                                      (33,588)             (33,588)                        0               0.00
 Advanced Capital                                                          3,652                   3,652                    0               0.00
 Fair Value Reserve – Net                                                   (201)                    (61)              (140)            (229.51)
 Retained Earnings (Deficit)
    Appropriated                                                            7,396                  6.396              1,000                 15,63
    Unappropriated                                                  (4,018,059)          (4,074,462)                56,403                    1.38
 Total Equity                                                         4,748,712           4,691,449                  57,263                  1.22
 Total Liabilities and Equity                                       12,852,873            11,753,485             1,099,388                   9.35


Assets
Total assets of the Bank as of 31 December 2024 stood                     A key contributor to this growth was customer deposits,
at Rp12.85 trillion, reflecting a 9.35% increase compared                 which surged by 15.82% or Rp1.00 trillion, reaching
to 31 December 2023. This growth was primarily driven                     Rp7.34 trillion at the end of 2024.
by an increase in loans disbursed, which expanded by
                                                                          Meanwhile, deposits from other banks recorded a steep
Rp2.52 trillion or 46.18%.
                                                                          increase by 175-fold, climbing from Rp1.83 billion in
The main contributors to total lending by the end of                      2023 to Rp322.49 billion in 2024. This increase was
2024 were working capital loans, amounting to                             mainly driven by a back-to-back transaction with Qatar
Rp6.20 trillion or 73.33% of total loans, followed by                     National Bank S.A.E. In this transaction, the Bank
investment loans at 13.58%, and the remainder consisting                  received funds from Qatar National Bank S.A.E. and
of syndication loans, consumer loans, and employee                        placed the same amount with Qatar National Bank
loans. The Bank continued to exercise prudence and thus                   (Q.P.S.C.) to earn a spread.
had been strictly selective on lending to clients.
                                                                          Conversely, certain liability components experienced
The amount of current accounts with Bank Indonesia                        a decline. Securities sold under repurchase agreements
decreased by 24.58% or Rp133.71 billion from its position                 dropped by 75.10%, from Rp385.05 billion in 2023 to
at the end of 2023.                                                       Rp95.87 billion in 2024. Accrued expenses and other
The increase in placement with other banks in 2024 was                    liabilities also saw a 5.89% decrease, from Rp254.37
primarily due to a back-to-back transaction with Qatar                    billion to Rp239.38 billion.
National Bank (Q.P.S.C.). As part of this transaction,                    Equity
the Bank placed funds with Qatar National Bank (Q.P.S.C.)
                                                                          The Bank’s total equity in 2024 remained relatively
while simultaneously borrowing the same amount from
                                                                          unchanged, registering a modest increase of 1.22%, from
Qatar National Bank S.A.E. to generate a spread.
                                                                          Rp4.69 trillion in 2023 to Rp4.75 trillion in 2024. This
Liabilities                                                               increase was driven by the rise in retained earnings
Total liabilities at the end of 2024 amounted to                          designated for specific purposes, which grew from
Rp8.10 trillion, marking a 14.76% increase compared to                    Rp6.40 billion to Rp7.40 billion in 2024, in line with the
Rp7.06 trillion recorded at the end of 2023.                              increase in profit for the year.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 69
Page 70
Financial Analysis (continued)
Statement of Profit or Loss and Other Comprehensive Income

 (in million Rupiah)
                                                                                                                   Change
 Description                                                       2024            2023              Total     Percentage
 Operating Income and Expenses
 Interest Income                                                734,563          944,701         (210,138)         (22.24)
 Interest Expense                                             (283,644)        (420,826)           137,182           32.60
 Interest Income – Net                                          450,919          523,875         (72,956)          (13.93)
 Other Operating Income
 Fees and Commission – Net                                        31,562         63,006           (31,444)          (49.91)
 Trading Income/(Loss) - Net                                       (319)          19,895         (20,214)          (101.60)
 Others                                                           61,983          161,469        (99,486)           (61.61)
 Total Other Operating Income                                    93,226         244,370          (151,144)         (61.85)
 Other Operating Expenses
 Personnel Expenses                                           (265,369)        (289.816)           24,447             8.44
 General And Administrative Expenses                          (200,832)         (229,711)          28,879             12.57
 Reversal of/(Provision for) Impairment Losses on
 Financial Assets                                                 19,021       (136.468)          155,489            113.94
 Loss on Sale of Financial Assets                                       -       (39.668)           39,668          100.00
 Others                                                         (10,560)          (4,875)         (5,685)          (116.62)
 Total Other Operating Expenses                               (457,740)       (700,538)          242,798             34.66
 Income From Operation                                           86,405           67,707           18,698            27.62
 Non-Operating Income                                                90            3,827           (3,737)          (97.65)
 Non-Operating Expenses                                             (85)         (2,285)            2,200            96.28
 Non-Operating Income – Net                                            5            1,542          (1,537)         (99.68)
 Profit Before Income Tax                                        86,410           69.249            17,161           24.78
 Income Tax Expense                                             (30,772)                 -       (30,772)            (100)
 Profit For The Year                                             55,638           69.249          (13,611)         (19.66)
 Other Comprehensive Income
 Fair Value Changes of Securities Measured at Fair
 Value Through Other Comprehensive Income                          (179)         (36,210)          36,031            99.51
 Income Tax Related to Items that would be
 Reclassified to Profit or Loss                                       39           7,966           (7,927)          (99.51)
 Remeasurements of Obligation for Post-Employment
 Benefits                                                         2,262              508             1,754         345.28
 Income Tax Related to Items that would not be
 Reclassified to Profit or Loss                                    (497)             (112)          (385)         (343.75)
 Other Comprehensive Income/(Loss), Net of Tax                     1,625         (27.848)          29,473           105.84
 Total Comprehensive Income for the Year                         57,263           41.401           15,862            38.31
 Basic Profit per Share                                             1.58            2.50           (0.92)          (36.80)


Net Interest Income
Bank QNB Indonesia’s net interest income declined in 2024 compared to the previous year. Interest income was recorded
at Rp734.56 billion, marking a decrease of 22.24% from Rp944.70 billion in 2023. Although interest expenses also
recorded a decline of 32.60%, from Rp420.83 billion to Rp283.64 billion, this was not sufficient to fully offset the drop in
interest income. As a result, net interest income decreased by Rp72.96 billion or 13.93% compared to the previous year.
Other Operating Income
Other operating income recorded a steep decline of 61.85%, from Rp244.37 billion in 2023 to Rp93.23 billion in 2024.


70 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 71
2024 Highlights   Reports to Stakeholders   Company Profile                                           Corporate Governance (GCG)       Sustainability
                                                              Management Discussion and Analysis




This decrease was primarily driven by a 61.61% decline in                 Profit Before Income Tax
income from other categories, from Rp161.47 billion in                    In 2024, the Bank continued its positive performance
2023 to Rp61.98 billion in 2024, as well as a 49.91% drop                 growth recorded since 2023. Profit before income tax
in net fees and commissions, from Rp63.00 billion in                      amounted to Rp86.41 billion, marking an increase of
2023 to Rp31.56 billion in 2024.                                          24.78% from Rp69.25 billion in 2023.
Other Operating Expense                                                   Profit for the Year
In 2024, total other operating expenses recorded                          The Bank’s sustained positive growth led to its first
a decline of 34.66%, decreasing from Rp700.54 billion in                  income tax recorded in nine years, amounting to
2023 to Rp457.74 billion. This decline was primarily                      Rp30.77 billion. As a result, the Bank recorded a net
driven by several key factors, including reductions                       profit of Rp55.64 billion for 2024.
in general and administrative expenses, lower employee
expenses, and the reversal of provisions for impairment                   Comprehensive Income for the Year
losses on financial assets.                                               In 2024, the Bank’s other comprehensive income
Employee expenses in 2024 fell by 8.44%, from                             experienced a significant increase of 38.31%, rising from
Rp289.82 billion to Rp265.37 billion. General and                         Rp41.40 billion in 2023 to Rp57.26 billion. This growth
administrative expenses also decreased by 12.57%,                         was primarily driven by the improvement in the fair value
from Rp229.71 billion to Rp200.83 billion.                                of securities measured at fair value through other
                                                                          comprehensive income. In 2023, this item recorded a loss
One of the main contributors to the decline in                            of Rp36.21 billion, whereas in 2024, the loss significantly
operating expenses was the reversal of provisions for                     reduced to only Rp179 million.
impairment losses on financial assets, which had
recorded an expense of Rp136.47 billion in 2023 but                       With this, the Bank’s total comprehensive income for
turned into a recovery of Rp19.02 billion in 2024.                        the year reached Rp57.26 billion in 2024, growing by
Additionally, losses on the sale of financial assets                      38.31% compared to 2023.
dropped significantly from Rp39.67 billion in 2023 to                     Thus, basic profit per share in 2024 stood at Rp1.58,
zero in 2024.                                                             compared to Rp2.50 in 2023.



Statements of Cash Flows

 (in million Rupiah)
                                                                                                                                        Change
 Description                                                               2024                    2023                Total       Percentage
 Cash Flows from Operating Activities                                 1,546,063               587,672              958,391                163.08
 Cash Flows from Investing Activities                                (1,820,217)             128,992          (1,949,209)               (1,511.11)
 Cash Flows from Financing Activities                                  (23,062)           (1.027,519)            1,004,457                  97.76
 Net Decrease in Cash and Cash Equivalents                             (297,216)           (310,855)                 13,639                  4.39
 Net Effect of Exchange Rate on Cash and
 Cash Equivalents                                                       (46,912)              20,903               (67,815)            (324.43)
 Cash and Cash Equivalents, at Beginning of the Year                   1,844,477           2,134,429            (289,952)                 (13.58)
 Cash and Cash Equivalents, at End of the Year                       1,500,349             1,844,477             (344,128)               (18.66)



Cash Flows from Operating Activities                                      Cash Flows from Financing Activities
At the end of 2024, the Bank recorded a net cash inflow                   The Bank recorded a net cash outflow for financing
from operating activities amounting to Rp1.55 trillion,                   activities in 2024 of Rp23.06 billion due to payment of
an increase of 163.08% from the previous year. This                       lease liabilities. This reflects a significant drop compared
change in operational cash flows was primarily caused                     to 2023, where the Bank recorded a net cash outflow for
by a higher amount of deposits from customers as well                     the payment on borrowings, amounting
as the maturity of securities purchased under agreement                   to Rp1.03 trillion.
to resell throughout 2024.                                                Cash Position at End of Year
Cash Flows from Investing Activities                                      The Bank’s cash and cash equivalents at the end of
Net cash inflow from investing activities in 2024 decreased               2024 amounted to Rp1.50 trillion due to the cash flow
to Rp1.82 trillion, due to placements in securities, recorded             movements mentioned. This reflects a 18.66% decline from
at Rp2.02 trillion.                                                       its position on 31 December 2023.



                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 71
Page 72
Financial Analysis (continued)
Key Financial Ratios

 Description                                                                     2024             2023           Change
 Capital
 Capital Adequacy Ratio (CAR)                                                    56.15            62.23           -9.77%


 Productive Assets
 Productive Assets & Non-Productive Assets (Non-Performing Assets)
 to Total Productive Assets & Non-Productive Assets                               3.09             2.38          29.77%
 Non-Performing Productive Assets to Total Productive Assets                      1.55             0.37          317.62%
 Allowance for Impairment Losses to Productive Assets                             3.30              4.15        -20.46%
 Gross Non-Performing Loans (NPL)                                                  2.71            0.77          251.51%
 Net NPL                                                                          0.71             0.09         692.18%


 Profitability
 Return on Assets (ROA)                                                           0.74             0.48          55.18%
 Return on Equity (ROE)                                                            1.31             1.65        -20.32%
 Net Interest Margin (NIM)                                                        4.09             3.83            6.74%


 Liquidity
 Macroprudential Intermediation Ratio (MIR)                                      115.16           93.94          22.58%


 Compliance
 Percentage of Legal Lending Limit Breach
   Related Parties                                                               0.00             0.00            0.00%
   Non-Related Parties                                                           0.00             0.00            0.00%
 Minimum Reserve Requirement (Rupiah)                                            14.66            10.08          45.44%
 Average Minimum Reserve Requirement (Rupiah)                                     8.39             8.84           -5.10%
 Minimum Reserve Requirement (Foreign Currency)                                   4.19             4.01           4.60%
 Net Open Position                                                                0.19             0.04         374.86%



Solvency                                                       Receivables Collectability
The Bank maintained its strong capital reserves to             With the increase in total loans disbursed by the Bank in
ensure its long-term business continuity while keeping         2024 compared to 2023, the NPL gross ratio accordingly
its capability to expand its operations as needed.             increased, from 0.77% in 2023 to 2.71% in 2024.
                                                               Within the same period, NPL net ratio also increased,
By the end of 2024, the Bank’s solvency declined
                                                               from 0.09% to 0.71%. Both ratios remain far below their
modestly, as reflected by the Capital Adequacy Ratio
                                                               respective limits as set by the regulators, and the Bank
(CAR) of 56.15%, down from 62.23% at the end of 2023.
                                                               continued to maintain its discipline and stringent prudence
Liquidity                                                      in disbursing its lending facilities.
The Macroprudential Intermediation Ratio (MIR)
continued to rise since 2022, reaching 115.16% at the end
                                                               Capital Structure and Management Policy on
of 2024, reflecting the gradual improvement of                 Capital Structure
the Bank’s operational performance and liquidity.              In accordance with OJK Regulation No. 34/POJK.03/2016,
Profitability                                                  the Bank’s capital structure consists of core capital
                                                               (Tier I) and supplementary capital (Tier II). Core capital
The Bank’s higher profit in 2024 compared to 2023              consists of paid-up share capital and additional capital
caused its profitability ratios to rise accordingly.           reserves, while supplementary capital refers to capital
The Bank’s ROA and ROE, which in 2023 were recorded            instrument in the stock form or other capital instrument
at 0.48% and 1.65%, respectively, increased to 0.74% and       that fulfill the requirements as well as general reserves
1.31% in 2024.                                                 of provision for asset losses over productive assets.

72 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 73
2024 Highlights   Reports to Stakeholders   Company Profile                                            Corporate Governance (GCG)      Sustainability
                                                              Management Discussion and Analysis




The Bank evaluates its capital adequacy by taking into                    This approval was granted based on OJK Letter
account the Credit Risk, Market Risk, and Liquidity Risk.                 No. SR-27/PB.02/2025 dated 23 January 2025 on
                                                                          the Submission of the Fit and Proper Test Decision
The Bank’s credit risk management aims to ensure that
                                                                          regarding the Appointment of the Corporate & Institutional
credit is granted based on the principles of sound
                                                                          Banking Director of PT Bank QNB Indonesia Tbk,
lending. To do so, the BoD has established the Credit
                                                                          which was received by PT Bank QNB Indonesia Tbk on
Committee, which aligns the implementation of credit
                                                                          24 January 2025. Accordingly, Mr. Mario Utama has
risk management function with the risk appetite set by
                                                                          been declared to have met the requirements and
the Bank.
                                                                          approved by OJK to serve as a Director of PT Bank QNB
The Bank’s market risk management aims to manage and                      Indonesia Tbk, effective from 24 January 2025.
control market risk exposures within acceptable
parameters, while optimising the return on risk.                          Comparison of 2024 Targets and Achievements
The Bank’s Asset and Liability Committee (ALCO),                          For 2024, the Bank set several financial targets, including
consisting of the BoD and selected members of senior                      a CAR of over 20%, as well as LCR and NSFR that
management, is responsible for determining interest rate                  significantly exceed the regulatory requirement of 100%.
risk management policies and strategies in banking book
and monitoring its implementation and execution.                          Owing to the disciplined implementation of prudent
The main objective of ALCO is to optimise the Bank’s                      banking practices and sound capital management,
return within predetermined risk limits.                                  the Bank successfully achieved all three targets, recording
                                                                          a CAR of 56.15%, an LCR of 174.70%, and an NSFR of
The focus of the Bank’s liquidity management is to match                  154.36% by the end of 2024.
the cash inflows and cash outflows. The gap between cash
flows will be anticipated with the proper maintenance of                  The Bank also recorded a RIM of 115.16% at the end of
primary liquidity reserve in accordance with proforma cash                2024, exceeding the initial target set at the beginning of
flows and existing liabilities structure.                                 the year, which aimed for a RIM above 84%.

The disclosure of the Bank’s capital structure complies                   For 2024, the Bank set a target NIM of above 3% and
with OJK Regulation No. 37/POJK.03/2019 and OJK                           successfully achieved this, having recorded NIM of 4.09%
Circular No. 9/SEOJK.03/2020. The Bank has complied                       for the year.
with all capital requirements set by OJK throughout
the year.
                                                                          Dividends
                                                                          Details on the amount and procedures of the dividends
The Bank’s Capital Adequacy Ratio (CAR) was
                                                                          distribution are set at the GMS. Up to 2024, the Bank had
maintained at a healthy level of 56.15% as at the end of
                                                                          not distributed any dividends, in accordance with
December 2024.
                                                                          the 2024 AGMS resolution.
The Bank has applied a policy related to capital structure
composition that can facilitate internal level of business                Management and Employee Stock Option
risk, while remaining in compliance with the minimum                      Programme
requirements specified in OJK regulations.
                                                                          Up to the end of the reporting period, the Bank had never
Further explanation on the Bank’s capital structure and                   conducted a management or employee stock option
management policy on capital structure is presented in                    program.
Note 3 to the Financial Statements, on pages 43–62, as
well as Note 45, on pages 134–136.                                        Share and Bonds Buyback
                                                                          Up to the end of the reporting period, the Bank had never
Material Commitments for Investment
                                                                          conducted any buyback of its shares or bonds.
in Capital Goods
In the reporting period up to 31 December 2024,                           Commitments and Contingencies
the Bank did not have any material commitments related                    The Bank’s commitments and contingencies recorded as
to investments in capital goods.                                          at the end of 2024 consisted entirely of committed and
                                                                          contingent assets, with a net value of Rp326.10 billion.
Investment in Capital Goods                                               Further details are provided in Note 36 of the Financial
In the reporting period up to 31 December 2024,                           Statements, on page 114.
the Bank made investments related to leasehold                            During the reporting period, the Bank also had several
improvement amounting to Rp3.79 billion as well as in                     material agreements, as detailed in Note 40 of
office equipment, furniture, and fixtures, amounting to                   the Financial Statements, on page 119. The Bank also
Rp13.96 billion, as detailed in Note 14 to the Financial                  recorded contingency assets, as disclosed in Note 41 of
Statements, on pages 80–83.                                               the Financial Statements, on page 120.
Material Information and Facts after                                      Actual Use of Public Offering Proceeds
the Accountant’s Report
                                                                          In 2023, the Bank conducted the Rights Issue VII
The resolution of the EGMS on 4 December 2024                             (PUT VII) limited public offering with pre-emptive rights)
appointed Mr. Mario Albert Utama (Mario Utama) as                         for 14,721,362,381 shares. The proceeds from PUT VII,
a Director of the Bank, effective upon obtaining approval                 after deducting all related expenses, have been utilised
from the OJK following the Fit and Proper Test.                           in accordance with the planned use of funds as

                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 73
Page 74
Financial Analysis (continued)
disclosed in the Prospectus, as stated in the Bank’s report dated 14 January 2025, and summarised in the table below.

 (in Rupiah)
                                          Actual Public Offering                Planned Use of                       Actual Use of
                                                       Proceeds                      Proceeds                           Proceeds
                                                                      For Working                    For Working
                                                                         Capital in                     Capital in
                                                                        Support of                     Support of
                                  Total                                  Business                       Business                     Remaining
 Type of                         Public   Public                     Development                    Development                          Public
 Public        Effective       Offering Offering            Net     through Credit                 through Credit                      Offering
 Offering      Date           Proceeds     Fees        Proceeds         Expansion          Total       Expansion             Total    Proceeds
 Rights        28 April     3,680,340,        3,437,   3,676,903,       3,676,903,    3,676,903,      2,506,020,       2,506,020,     1,170,882,
 Issue VII     2023           595,250       466,214       129,036          129,036       129,036         861,326          861,326        267,710


Other Material Financial Information
Throughout 2024, the Bank did not perform any material transactions or activities related to investment, expansion,
divestment, merger, acquisition, or debt/capital restructuring.

Information on Material Transaction Containing Conflict of Interest and/or Transaction with Affiliated Parties
Transactions with Related Parties
The following table outlines the Bank’s significant transactions with related parties in 2024:

  Related Parties                          Nature of Relationship                                    Nature of Transaction
 BoC, BoD, and             The Bank’s Management                                      Demand deposits, saving deposits, time
 Key Employees                                                                        deposits, employee loan, interest income and
                                                                                      interest expenses
 Qatar National            Parent company                                             Placement with other banks, deposits from
 Bank (Q.P.S.C.)                                                                      other banks, Bank Guarantee, interest income
                                                                                      and interest expense
 Qatar National            Entity controlled by the same government as                Deposits from other banks and interest
 Bank S.A.E.               the ultimate shareholder, State of Qatar                   expense
 PT Indosat Tbk            Entity controlled by the same government as                Demand deposits, time deposits and interest
                           the ultimate shareholder, State of Qatar                   expenses

Further details regarding the Bank’s transactions with related parties are disclosed in Note 35 of the Financial Statements,
on pages 112–114.

Tax Compliance                                                                Rp354.92 billion. In accordance with the provisions in
                                                                              PMK 74, the Bank decided to charge the excess in
Throughout 2024, the Bank fulfilled all of its tax
                                                                              the 2025 income tax calculation.
obligations in accordance with the applicable taxation
regulations.                                                                  Changes in Accounting Policy and Their Impacts
Affiliated Transactions with Controlling                                      There were several changes and adjustments to
Shareholders                                                                  the applicable accounting policies, effective for periods
                                                                              beginning on or after 1 January 2024, including:
In 2024 the Bank performed and affiliated transaction
with its controlling shareholder, i.e., a hedging transaction                 • Financial Accounting Standards Nomenclature
for the decline in the value of foreclosed assets, obtained                   • Amendments to PSAK No. 116, “Leases”
via Bank Guarantee issued by Qatar National Bank                              • Financial Accounting Standards Pillars
(Q.P.S.C.) on 23 July 2024.                                                   Details of these changes and adjustments are presented
                                                                              in Note 2.ad of the Financial Statements, on pages 42–43.
Changes in Regulations and Their Impacts
                                                                              The implementation of the above standards had no
Minister of Finance Regulation No. 74
                                                                              significant effect on the amounts reported for the current
The Minister of Finance Regulation (PMK) No. 74 was                           period or prior financial period.
issued on on 10 October 2024. Based on this regulation,
the Bank must calculate reserves for bad debts in
accordance with certain limits regulated in PMK 74
starting 1 January 2024. On 1 January 2024, there is
a short value of reserves per fiscal amounting to


74 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile                                            Corporate Governance (GCG)      Sustainability
                                                              Management Discussion and Analysis




2025 Strategy and Projections
Moving forward, we believe conditions are set for a benign                Amid these global and domestic developments, QNB
global macroeconomic environment of more balanced and                     Indonesia enters 2025 with a concise strategy: to
synchronised growth, controlled inflation and relaxing                    accelerate business growth, reinforce sustainable financial
financial constraints. Tailwinds include continued policy                 performance, and to be one of the best employers.
easing from major central banks, a resilient growth in                    The Bank plans to leverage its financial successes in 2024,
the US, and a cyclical recovery in Europe and China.                      with a net income (Profit After Tax) of Rp55.64 billion,
The estimated global growth of 3.2% for 2025 implies                      providing ample confidence for the Bank to aim higher.
a moderate acceleration in activity and a healthy                         Building on this momentum, the Bank has set eyes for
performance that is well-aligned with long-term trends.                   a profitable year in 2025 by focusing on four high-impact
As inflation continues to moderate towards central bank                   areas: Accelerating Corporate Business Growth,
targets, there is further scope for additional rate cuts by               High Value Businesses and Frameworks, Commitment
the ECB and, in the absence of major shocks from the                      to Excellence and Sustainable Progress, and Maintaining
new US administration, the Fed. Expectations are for                      a Positive and Supportive Employee Culture.
additional policy rate cuts of 100 bps in the Euro area                   Accelerating business growth will involve expanding
and 50 bps in the US, taking the monetary policy stance                   customer base and diversifying portfolio, while carefully
from restrictive to neutral. This should support further                  managing risk concentration. Retail business will be
investment and consumption growth, as credit becomes                      the key in supporting corporate business growth
cheaper, new investment opportunities become more                         acceleration. The Bank plans to refine its product features,
attractive and the opportunity costs of spending                          augment digital solutions by implementing API technology,
decreases.                                                                and improve data warehouse accuracy to strengthen its
The US economy is expected to remain on a strong                          value proposition. Introducing new product lines will be
footing as labour markets are resilient, productivity is                  instrumental to boosting market position, securing
growing rapidly with fast technology adoption and                         long-term profitability, and fostering sustainable growth.
households have robust balance sheets with the strongest                  In pursuing high-value businesses and frameworks,
financial position in decades. Moreover, the Fed is                       the Bank’s Corporate & Institutional Banking arm will play
finalising a significant change of its monetary stance                    a key role, by focusing on large enterprises, selective
from restrictive to neutral, which should provide a tailwind              SOEs, as well as leading projects and initiatives.
and further prevent any significant economic slowdown.                    Our credit monitoring framework will be further enhanced
Hence, US growth is expected at 1.8% in 2025,                             with higher levels of data accuracy to inform decision-
a slowdown from the 2.6% for 2024 and the 2.3% long                       making processes and manage risk more effectively. Key
-term growth, but still far from any significant weakening.               Performance Indicators (KPIs) will be rigorously
Importantly, the Euro area and China are set for a cyclical               enforced both bank-wide and at divisional levels, to
recovery after an extended period of stagnation and                       ensure alignment with strategic goals and maintain
weaker than average growth, respectively.                                 operational discipline.
More moderate energy prices, a recovery in global                         A commitment to excellence and sustainable progress will
manufacturing demand and policy easing are expected                       guide the Bank’s operational strategy. Optimising
to support some GDP acceleration. In the Euro area,                       internal processes and efficiency, the Bank upholds high
growth should expand from a weak 0.8% in 2024 to 1% in                    standards in product and service delivery, with digital
2025, while in China the performance should improve                       transformation continuing, among others, through
from 4.8% to 5% for the same period.                                      the data warehouse restructuring. The Bank will utilise
Stronger growth in China is likely to be a significant                    automation to bolster service reliability and customer
tailwind to Emerging Asia in general and ASEAN                            experience—the defining features of competitive edge
economies in particular, reinvigorating their status as one               in a dynamic financial landscape.
of the most dynamic regions in the world. This should be                  To maintain a positive and supportive employee culture,
further supported by the cyclical recovery in global                      the Bank is investing in employee skill development and
manufacturing and the easing monetary cycle in Europe                     talent retention. With this approach, employees will be
and the US, which should favour portfolio inflows and                     more aligned with the Bank’s objectives as well as
FDIs. The major five ASEAN economies of Indonesia,                        empowered to drive innovation and contribute
Malaysia, the Philippines, Singapore, and Thailand are                    meaningfully to growth and excellence.
expected to grow by 4.6% in 2025, from 4.4% in 2024.
                                                                          QNB Indonesia’s target in the short term will be on
Driven by the government’s social interventions and                       maintaining financial performance while reinforcing risk
a steady flow of investment both domestically and from                    management and regulatory compliance. The Bank is
abroad, Indonesia is aiming for around 5% growth in                       targeting Rp11.2 trillion in lending portfolio by the end of
2025. Its banking sector is expected to see stronger                      2025, with NPL gross and net ratios well-guarded to be
credit growth, with Bank Indonesia projecting an                          within regulatory thresholds. Net Interest Margin (NIM)
expansion of 11–13% for 2025 . This outlook reflects                      is targeted to remain above 3%, while liquidity
growing optimism in Indonesia’s economic trajectory,                      indicators—chiefly Liquidity Coverage Ratio (LCR) and
supported by rising credit demand across key sectors.                     Net Stable Funding Ratio (NSFR)—will be sustained
Despite these positive projections, negative external                     above regulatory requirements. The Bank has set its
developments could have a significant impact on                           Loan-to-Deposit Ratio (LDR) and Macroprudential
Indonesia’s outlook. The return of inflation concerns                     Intermediation Ratio (RIM) to be above 84%, ensuring
in the US or a global trade war could trigger a “sudden                   healthy intermediation levels, and its Capital Adequacy
stop” of capital flows to EM, preventing more significant                 Ratio (CAR) of more than 20%, to build a sturdy buffer
portfolio and FDI to Indonesia.                                           against foreseen uncertainties.


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 75
Page 76
Corporate Governance
(GCG)
QNB Indonesia advances with transparency and integrity, paving a clear path
of good governance to build trust and deliver long-term value.
Page 77
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                Sustainability
                                                                                                   Corporate Governance (GCG)
Page 78
GCG Foundations and Policy
The Bank applies the principles of good corporate governance
(GCG) in its day-to-day activities through comprehensive
internal policies and regulations aimed at ensuring and enhancing
its corporate governance quality.
Foundation of Corporate Governance
Implementation
GCG implementation will support the achievement of              9. OJK Circular No. 14/SEOJK.03/2017 dated
business targets, in terms of performance, profitability, and       17 March 2017 on Financial Soundness Assessment for
added value for all stakeholders, while also ensuring               Commercial Banks;
long-term business sustainability. The Bank regularly makes     10. OJK Regulation No. 29/POJK.04/2016 dated
adjustments to stay abreast with the best GCG practices.            29 July 2019 on Annual Report of Issuers or
                                                                    Public Companies;
GCG implementation by the Bank refers to the standards
                                                                11. OJK Regulation No. 37/POJK.03/2019 dated
and guidelines set by OJK as well as the applicable laws
                                                                     19 December 2019 on Transparency and Publication
and regulations, among others:
                                                                    of Bank Reports;
1.   Law No. 10/1998 on the Amendment to Law No. 7/1992         12. OJK Circular No. 9/SEOJK.03/2020 dated
     on Banking, as subsequently amended and most                   30 June 2020 on Transparency and Publication of
     recently with the Law No. 4/2023 on Development and            Commercial Bank Reports;
     Strengthening of the Financial Sector;                     13. OJK Circular No. 16/SEOJK.04/2021 dated
2. Law No. 40/2007 on Limited Liability Companies as                29 June 2021 on Form and Content of Annual Report
     last amended by Government Regulation in Lieu of               of Issuers or Public Companies;
     Law Number 2 of 2022 concerning Job Creation;              14. OJK Regulation No. 14/POJK.04/2022 dated
3. OJK Regulation No. 21/POJK.04/2015 dated                         22 August 2022 on Periodical Financial Statement
     16 November 2015 on Guidelines for Implementation              Submission by Issuer or Public Company;
     of Corporate Governance for Public Companies;              15. OJK Regulation No. 17/2023 dated 14 September 2023
4. OJK Circular No. 32/SEOJK.04/2015 dated                          on Implementation of Corporate Governance
     17 November 2015 on Guidelines for Implementation              for Commercial Banks;
     of Corporate Governance for Public Companies;              16. OJK Regulation No. 5/2024 dated
5. OJK Regulation No. 45/POJK.03/2015 dated                         27 March 2024 on Determination of Supervision
     23 December 2015 on Implementation of Governance               Statuses and the Handling of General
     in Providing Remuneration for Commercial Banks;                Banking Issues.
6.		 OJK Regulation No. 4/POJK.03/2016 dated
                                                                In addition to the above, the following internal charters
     3 February 2016 on Financial Soundness Assessment
                                                                serve as a guideline for the Bank’s corporate
     for Commercial Banks;
                                                                governance measures:
7. OJK Circular No. 40/SEOJK.03/2016 dated
     26 September 2016 on the Implementation                    1.		 Good Corporate Governance Charter;
     of Governance in Providing Remuneration                    2.		 Board of Commissioners’ Charter;
     for Commercial Banks;                                      3.		 Board of Directors’ Charter;
8. OJK Circular No. 13/SEOJK.03/2017 dated                      4.		 Audit Committee Charter;
     17 March 2017 on Implementation of Governance for          5.		 Remuneration and Nomination Committee Charter; and
     Commercial Banks;                                          6.		 Risk Oversight Committee Charter.




GCG Implementation Objectives
The main objectives of GCG implementation in every              3.		 Encouraging Shareholders, members of the BoC, and
business activity of the Bank at all levels of                       members of the BoD to make decisions and actions
the organisation related to the Bank and Shareholders’               based on moral principles and strong compliance
interests are as follows:                                            with laws and regulations;
                                                                4. Encouraging awareness of social responsibility,
1.		 Achieving sustainable growth through a management
                                                                     especially on environmental and social interests
     system based on five basic principles of good
                                                                     of the communities in which the Bank operates; and
     governance;
                                                                5.		 Boosting the Bank’s competitiveness, both in
2. Empowering functions and independence of
                                                                     national and international scope, to enhance market
     each organ in the Bank, namely the General Meeting
                                                                     confidence that can encourage investment flow and
     of Shareholders (GMS), the Board of Commissioners
                                                                     ensure a sustainable national economic growth.
     (BoC), and the Board of Directors (BoD);


78 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders     Company Profile   Management Discussion and Analysis                                       Sustainability
                                                                                                         Corporate Governance (GCG)




GCG Principles
The Bank upholds these five principles of GCG:
1.		 Striving to ensure its business activities are carried out with the principle of openness;
2.		 Having key performance indicators consistent with the corporate values, business goals, and strategies so as to
     reflect the Bank’s accountability;
3.		 Building on prudent banking practices and ensuring compliance with all applicable provisions to demonstrate its
     responsibility;
4.		 Promoting decision-making that is independent, objective, and free of conflict of interest; and
5.		 Continuing to take stakeholders’ interests into account based on fairness principle.


Based on the above five GCG principles, the Bank’s corporate governance framework becomes as follows:


    GCG Principle                           Description                                               Implementation

    Transparency         Preserve and maintain objectivity in              1.		 Disclosure of information in a timely, appropriate,
                         business practice, the Bank shall                      clear, accurate and comparable manner, making it
                         provide material and relevant                          accessible to stakeholders in accordance with their
                         information that is easily accessible                  rights.
                         and comprehensible by stakeholders.               2.		 Disclosure of information which includes but not
                                                                                limited to the Bank’s vision, mission, business targets
                         To take the initiative to disclose not
                                                                                and strategy, financial condition, composition and
                         only issues mandated by laws and
                                                                                compensation of the management, controlling
                         regulations, but also other information
                                                                                shareholders, shares owned by members of the BoD
                         deemed necessary by shareholders,
                                                                                and the BoC and their family members in
                         creditors, and other stakeholders for
                                                                                the company and other companies, risk management
                         their decision-making.
                                                                                system, oversight and internal control system, GCG
                                                                                structure and mechanism and its level of compliance,
                                                                                and important events that may affect the condition
                                                                                of the Bank.
                                                                           3.		 Fulfilment of provisions on confidentiality
                                                                                in accordance with laws and legislations, professional
                                                                                confidentiality, and personal rights.
                                                                           4.		 Formal written policies are proportionally
                                                                                communicated to stakeholders.

    Accountability       Account for its performance                       1.		 Clear definition of job descriptions and
                         transparently and fairly and to manage                 responsibilities of each organ and all employees that
                         business in a proper and measurable                    are in line with the Bank’s vision, mission, corporate
                         manner, such that it is aligned with                   values, and strategy.
                         the interest of the Bank by also                  2.		 Assurance that all of the Bank’s organs and
                         considering the interest of                            employees have the qualifications that fit their
                         shareholders and other stakeholders.                   respective duties, responsibilities, and roles in GCG
                         Accountability is a prerequisite to                    implementation.
                         achieve sustainable performance.                  3.		 Assurance of the existence of an effective internal
                                                                                control system within the Bank.
                                                                           4. Establishment of performance indicators for all
                                                                                members of the BoD and the BoC as well as
                                                                                employees that are consistent with the Bank’s
                                                                                objectives, and the presence of a reward and
                                                                                punishment system.
                                                                           5.		 Assurance that each organ of the Bank and all
                                                                                employees uphold business ethics and code of
                                                                                conduct in executing their duties and responsibilities.

    Responsibility       Abide by laws and regulations and fulfil          1.		 Assurance that all of the Bank’s organs apply prudent
                         its responsibility to the communities                  banking principles and comply with the laws and
                         and environment for the purpose of                     regulations, its articles of association, and
                         maintaining long-term sustainability of                internal regulations.
                         the business and to be recognised as              2.		 Fulfilment of social responsibility by having an
                         a good corporate citizen.                              awareness of the environmental and society interests
                                                                                of the communities in which the Bank operates
                                                                                through an appropriate planning and implementation
                                                                                to address the issues.


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 79
Page 80
GCG Principles (continued)
    GCG Principle                            Description                                   Implementation

    Independency            Accelerate the implementation of           1.		 Assurance that each organ precludes any party’s
                            the GCG principles by operating                 domination, is free from the influence from any
                            independently with an appropriate               certain interest, avoids conflict of interest and any
                            balance of power, in such a manner that         influence or pressure, so that decision-making can be
                            no single organ shall dominate the other        carried out objectively.
                            and that no intervention from other        2.		 Assurance that each organ exercises its functions and
                            party shall exist.                              duties in accordance with the Articles of Association
                                                                            and also the laws and regulations, not dominating
                                                                            each other and or shifting responsibility to others.

       Fairness             Always consider the interests of           1.		 Opportunities for stakeholders to provide input and
                            shareholders and other stakeholders             opinions in the interest of the Bank, and establish
                            based on a fairness principle in                access to the Bank’s information in accordance with
                            conducting business activities.                 the transparency principle and within the scope of
                                                                            their respective capacities.
                                                                       2.		 A fair and equitable treatment to stakeholders in
                                                                            accordance with benefit and contribution given to
                                                                            the Bank.
                                                                       3. Equal opportunity in recruitment of employees, in
                                                                            career development and for employees to carry out
                                                                            their duty professionally.




GCG Roadmap
The Bank maintains a roadmap to lead itself along a continuous improvement in GCG implementation. This roadmap
contains three strategic phases, namely: Corporate Governance Commitment, Good Governed Company, and Good
Corporate Citizen. Each of the above phases represents a range of processes that include formulation, implementation,
as well as monitoring and evaluation on a continuous basis, in order to achieve excellence in GCG practices.


   QNB Indonesia’s GCG Roadmap




       Corporate Governance                          Good Governed                           Good Corporate
       Commitment                                    Company                                 Citizen

       Commitment                                    System                                  Culture
       The Bank complies with GCG                    The Bank runs an excellent              The Bank is accepted as part
       guidelines.                                   operation through                       of the community through
                                                     a disciplined and sound                 a holistic CSR approach.
                                                     implementation of internal
                                                     control, risk management, and
                                                     whistleblowing system.




80 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights     Reports to Stakeholders   Company Profile    Management Discussion and Analysis                                       Sustainability
                                                                                                         Corporate Governance (GCG)




GCG Mechanism
The Bank relies on various key mechanisms that have been
established to ensure that GCG principles are implemented in
its daily operations. These mechanisms are applied broadly, and
they range from a set of charters to comprehensive
internal policies.
The Bank’s key GCG mechanisms for implementing GCG in the Bank include: Good Corporate Governance Charter,
Code of Conduct, Board of Commissioners Charter, Directors’ Charter, Remuneration and Nomination Committee Charter,
Audit Committee Charter, Risk Monitoring Committee Charter, Conflict of Interest and Insider Dealing Policy, Compliance
Collated Policy, Anti-Money Laundering, Counter-Terrorist Financing and Counter Proliferation Financing of Weapons
of Mass Destruction Policy, Internal Audit Policy, Financial Accounting Policy, Risk Management Policy, Funding Policy,
Information Technology Policy, Human Capital Policy, Sustainability Policy, Information Security Policy, Whistleblowing
Policy, Anti-Fraud Policy, Anti-Bribery and Corruption Policy, Investment Policy, Chinese Walls Policy, Consumer Protection
Policy, Cyber Security Policy and Data Protection Policy.
Following through these GCG mechanisms will not only ensure consistency and efficacy of GCG performance in the Bank
when dealing with its stakeholders, but also help the Bank achieve the following long-term goals:
1.		 Reduction of the cost of capital;
2.		 Increase in shareholder value; and
3.		 Stronger support from stakeholders for the Bank to operate and grow sustainably.




            A robust GCG infrastructure and experienced teams ensure our alignment with the latest banking regulations and standards.



                                                                                                      PT Bank QNB Indonesia Tbk Annual Report 2024 — 81
Page 82
GCG Programmes in 2024
The GCG Guideline in Indonesian Banking Industry stipulates that
commitment to implementation of GCG has an important role for
a Bank to achieve its business goals and generate sustainable
benefits. Specifically, the application of policies and code of
conduct must be enforced for each person at the Bank.
The Bank therefore has complied with the GCG basic               5. Updates to BoD Committees, including:
principles, reflecting its strong commitment, including:            a. AML CFT CPF Committee
1.		 A clear and realistic vision and mission.                      b. Asset & Liability Committee
2.		 Corporate values that reflect a good moral attitude in         c. Credit Committee
     doing business.                                                d. Credit Policy Committee
3.		 Board Charters, which contain work guidelines for              e. Credit Remedial Committee
     the BoC and BoD.                                               f. Early Alert Committee
4.		 A set of business ethics and code of conduct                   g. Fraud Oversight Committee
     formulated by involving GCG organs and supporting              h. Governance Risk Compliance Committee
     work units. Business ethics and code of conduct shall          i. HR Committee
     be enforced in a continuous and consistent manner to           j. IT Steering Committee
     build a robust corporate culture which manifest                k. New Products & Activities Committee
     the organisation’s core values.                                l. Operational Risk Committee
5.		 Internal policies, which can ensure rights and obligation      m. Purchasing Committee
     of all parties to create a conducive workplace.                n. Risk Management Committee
6.		 Whistleblowing system, which can accommodate                   o. UCan Product Committee
     reports, complaints, inputs, and corrective feedbacks       6. Ensure the Bank’s compliance with the provisions of
     from employees and other stakeholders.                           the OJK, Bank Indonesia, and other laws and
In the future, the Bank will continue to improve its GCG              regulations by continuously strengthening
implementation with the latest GCG practices and                      the Compliance Risk Management culture by
standards as well as in line with its operational policies.           increasing the effectiveness of implementing
Initiatives that will be continuously implemented are:                the compliance culture.
                                                                 7. Ensure the Bank’s compliance with data protection.
1.   Enhancement of transparency via website and annual
                                                                 8.		 Monitoring the Bank’s commitment to regulators.
     reporting based on industry best practices.
                                                                 9. Ensure the effectiveness of internal control on Bank
2.		 Design and development of a management information
                                                                      activities against specified samples.
     system to support business and control processes.
3.		 Financial literacy.
4 . Dissemination of GCG practices.
5 . Implementation of Sustainable Finance in its
     operations.
6.		 Application of consumer protection by paying
     attention to the principles of openness and
     transparency of information; fair and responsible
     treatment; protection of customer assets, privacy,
     and data; as well as effective handling and
     completion of complaints.
7.		 Compliance with the commitments made the Bank to
     OJK and/or other authorised supervisory authority.
8. Effective risk management in implementing the Bank’s
     products by ensuring conformity with the Bank’s
     strategy, Business Plan, and statutory provisions.
In 2024, the Bank implemented a number of programmes
and activities related to GCG, as follows:
1.		 Renewal of the Bank’s organisational structure.
2.		 Updates to the BoC Charter.
3.		 Updates to the BoD Charter.
4 . Updates to BoC Committees and their respective
     Charters:
     a. Audit Committee
     b. Risk Oversight Committee
     c. Remuneration and Nomination Committee


82 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                       Corporate Governance (GCG)




GCG Assessment
The implementation of GCG principles is an important factor in assessing the soundness level of a bank in addition to
the bank’s risk profile, profitability and capital soundness as stipulated in OJK Circular No. 13/SEOJK.03/2017 and
OJK Regulation No. 17/2023 on the Implementation of Governance for Commercial Banks. To implement the principles of
Good Corporate Governance, the Bank must ensure that the five basic principles of GCG have been implemented by
conducting self-assessments periodically, or once every six months, which includes at least 16 factors for assessing
GCG implementation.
GCG self-assessment was carried out comprehensively and has been grouped into a governance system consists of three
aspects of governance: governance structure, governance process and governance outcome.
Based on the results of the Bank’s GCG self-assessment for 2024, as reflected in the GCG Assessment Matrix,
the Bank received rank 2 with the “Good” rating, the same as 2023’s achievement. The following table contains details of
the self-assessment results as follows:

                                                                                                                                            Rank
  No     Scoring Criteria                                                                                                    2023           2024
   1     Implementation of Duties, Responsibilities and Authorities of the Board of Commissioners                                   2              1
   2     Implementation of Duties, Responsibilities and Authorities of the Board of Directors                                       2              1
   3     Completeness and Implementation of Committee Duties                                                                        2             2
   4     Handling Conflicts of Interest                                                                                             1              1
   5     Implementation of the Compliance Function                                                                                  2             2
   6     Implementation of the Internal Audit Function                                                                              2             2
   7     Implementation of the External Audit Function                                                                              1              1
   8     Implementation of Risk Management including Internal Control System                                                        2             2
   9     Provision of Funds to Related Parties and Provision of Large Funds                                                         2             2
         Transparency of Financial and Non-Financial Conditions, GCG Implementation Reports, and
  10                                                                                                                                2             2
         Internal Reporting
  11     Bank Strategic Plan                                                                                                        2             2
 Composite Score Based on the Bank’s Self-Assessment                                                                                2             2

With the enactment of POJK No. 17/2023 on                                 1.		 Governance Structure
the Implementation of Governance for Commercial Banks,
                                                                          		 Positive factors in the aspects of Bank’s governance
the Bank is committed to continuously improving its
                                                                             structure are:
GCG implementation with the latest GCG practices and
standards related to:                                                          a. The Bank’s organisational structure is in
                                                                                  accordance with applicable regulations, namely in
• Providing Remuneration;
                                                                                  terms of composition, independence,
• Integrity of Reporting and Information Technology
                                                                                  appointment/dismissal and quality of human
  Systems;
                                                                                  resources for the BoC, BoD, BoC Committees,
• Shareholder Aspect;
                                                                                  including the completeness of independent
• Implementation of Anti-Fraud Strategy including
                                                                                  parties, Compliance Working Units, Internal Audit
  Anti-Bribery;
                                                                                  Unit, and the Risk Management Unit,
• Implementation of Sustainable Finance, including
                                                                                  namely:
  the implementation of Social and Environmental
  Responsibility, as well as                                                     • The number, composition, criteria and
• Implementation of governance within the Bank’s                                   independence of the BoD have met
  business groups.                                                                 OJK regulations.
                                                                                 • The number, composition, criteria and
Summary of Governance Self-Assessment                                              independence of the Bank’s BoC members have
Composite Score Calculation                                                        complied with OJK regulations.
                                                                                 • The formation, structure and membership of
Based on the self-assessment working paper on
                                                                                   the Audit Committee, Risk Oversight
the implementation of QNB Indonesia’s governance for
                                                                                   Committee, and Remuneration and Nomination
2024, the rating reflects that the Bank’s Management had
                                                                                   Committee are in accordance with applicable
implemented good governance. This is represented
                                                                                   regulations.
in the adequate fulfilment of governance principles, and
                                                                                 • The BoC, Committees under the coordination of
should there be weaknesses in the implementation of
                                                                                   the BoC, the BoD, Senior Management and
governance principles, these weaknesses will be immediately
                                                                                   Executive Officers and employees have taken
followed up and resolved by Bank’s Management by taking
                                                                                   steps to avoid conflicts of interest.
into account the Bank’s principle of prudence.


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 83
Page 84
GCG Assessment (continued)
  b. The Bank has various policies, systems, and                    c. There were no transactions that contained
     procedures for resolving conflicts of interest as                 conflicts of interest and no decisions were made
     stated in the Articles of Association,                            that could harm/reduce the Bank’s profits. Should
     Good Corporate Governance Charter, BoC Charter,                   this be found, it will be properly administered and
     BoD Charter, Conflict of Interest and Insider                     documented based on applicable regulations.
     Transaction Policy, Disclosure and Transparency             		 Negative factors in the Bank’s governance process
     Policy, Stakeholder Rights Policy, Anti-Bribery and            aspects are:
     Corruption Policy, Audit Committee Charter,
      Risk Monitoring Committee Charter and Work                    a. There were still weaknesses and findings from both
     Guidelines, Remuneration and Nomination                           internal and external parties in various processes in
     Committee Charter, BoD Decree on QNB Values,                      the work units, but currently the Bank and
     one of which being “Professionalism with Integrity”               management continue to strive to make improvements
     (which states that we are constantly improving our                in various aspects, especially in the credit,
     competence and behaviour so that we can be                        operational, IT Risk, and enterprise sections.
     relied upon to provide the expected results, and               b. Several work units still did not have a sophisticated
     that we are honest, fair, and responsible), the BoD               and comprehensive system to support the quality
     Decree on Procedures related to Gifts and                         of work carried out daily, so the potential
     Hospitality and other internal policies, as well as               for operational risks originating from humans and
     a Statement in the Integrity Pact.                                internal processes remains relatively vulnerable.

2.		 Governance Process                                          3.		 Governance Outcome

		Positive factors in the Bank’s governance process              		 Positive factors in the Bank’s governance outcome
  aspects are:                                                      aspects are:

    a. The implementation of duties, functions and                  a. Regarding repeated findings, the Bank followed up
       responsibilities of all lines and functions in the Bank         by carrying out comprehensive refinements, including
       were carried out well, including the implementation             improving processes, products and increasing the risk
       of transparency with respect to the BoC and                     awareness of Bank employees through dissemination
       the BoD as well as the Bank’s employees,                        and training. The follow-up process has been carried
       implementing a culture of compliance,                           out thoroughly and continuously.
       implementing whistleblowing and anti-fraud,                  b. The Bank strived to achieve an optimal
       increasing risk awareness and adequate                          performance, shown by the profit recorded in
       internal control.                                               2024 which is believed to be sustainable and will
    b. The Bank also implemented transparency with                     continuously improve.
       respect to periodic financial and non-financial           		 Negative factors in the Bank’s governance outcome
       conditions to stakeholders in accordance with                aspects are:
       applicable regulations, implemented transparency
                                                                 		 There were still fines imposed by regulators, from both
       regarding the Bank’s product information, and
                                                                    OJK and Bank Indonesia, but they were not significant
       implemented consumer protection through
                                                                    and the root cause could be immediately corrected by
       adequate and easily accessible media for customers
                                                                    the Bank.
       and the wider public.




GCG Structure
General Meeting of Shareholders                                  Holding of 2024 GMS
The General Meeting of Shareholders (GMS) is                     In 2024 the Bank conducted 2 GMS, namely
a governance body of the Bank that retains the highest           the AGMS on 30 May 2024 and the EGMS on
authority not conferred on the Board of Commissioners            4 December 2024.
(BoC) or the Board of Directors (BoD), within the limits         The processes involved in the AGMS are as follows:
stipulated under the Limited Liability Company Law and/
or the Articles of Association.                                  • Notification to OJK                  : 16 April 2024
                                                                 • AGMS Announcement                    : 23 April 2024
The GMS comprises the Annual GMS (AGMS) and other                • AGMS Invitation                      : 8 May 2024
GMS. The AGMS shall be held at the latest within                 • AGMS Implementation Date             : 30 May 2024
6 months since the end of the financial year, or under           • AGMS Resolution Announcement         : 3 June 2024
other conditions or timelines as stipulated by the OJK.          • AGMS Minutes Submission              : 19 June 2024
The other GMS, namely the Extraordinary GMS (EGMS),
may be held at any time as deemed necessary.




84 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights    Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                       Sustainability
                                                                                                        Corporate Governance (GCG)




The 2024 AGMS was attended physically by 4 member of the BoC and 3 members of the BoD as well as shareholders and
their proxies representing 33,622,044,239 shares (95.63% of total shares with valid voting rights that had been issued by
the Bank).
The table below provides the summary of the meeting agendas as well as their implementation status.


 Agenda                                                                                                                       Implementation
                         Agenda                                          AGMS Resolution
   #                                                                                                                              Status
 First        To approve the Annual              1.		 Accepted and approved the Company's Annual Report                        Implemented in
              Report of the Company,                  for the fiscal year ending 31 December 2023, including                        2024
              including the Board of                  the Report of the Board of Directors and the Report on
              Directors’ Report,                      the Supervision of the Board of Commissioners.
              the Board of                       2.		 Received and approved the Company's Financial
              Commissioners’                          Statements for the fiscal year ending 31 December 2023,
              Supervisory Report, and                 which have been audited by Purwantono, Sungkoro &
              the ratification of                     Surja (EY) Public Accountants according to their Report
              Financial Statements for                Number: 00096/2.1032/AU.1/07/1681-1/1/II/2024
              the fiscal year ended on                dated 28 February 2024, with “fairly, in all material
              31 December 2023.                       respects, the financial position of PT Bank QNB
                                                      Indonesia Tbk as of 31 December 2023, and its financial
                                                      performance and cash flows for the year ended, in
                                                      accordance with Indonesian Financial Accounting
                                                      Standards", thereby freeing the members of
                                                      the Company's Directors and Board of Commissioners
                                                      from the responsibility and all liabilities (acquit et de
                                                      charge) for the management and supervision actions
                                                      that have been carried out during the 2023 financial
                                                      year, as long as their actions are stated in the Financial
                                                      Statements for the 2023 fiscal year and are not criminal,
                                                      provided that the exemption does not apply to
                                                      members of the Board of Directors and/or
                                                      Board of Commissioners who have been proven or will
                                                      have acted outside their authority (ultra vires).
 Second       To determine                       Approved the appropriation of the Company's net profit for                    Implemented in
              the appropriation of               the financial year ended 31 December 2023 amounting to                             2024
              the Company's net profit           Rp69,249,084,811.00 as follows:
              for the financial year ended
                                                 1.		 Rp1,000,000,000 is set aside as a reserve to meet
              31 December 2023.
                                                      Article 70 paragraph 1 of the Company Law.
                                                 2.		 The remaining net profit after deducting reserves
                                                      amounting to Rp68,249,084,811 are appropriated
                                                      as retained earnings of the Company.
                                                 Therefore, no net profit is distributed as dividends to
                                                 shareholders.
 Third        To appoint a Public                1.		 Approved the delegation of authority to the Board of                     Implemented in
              Accountant and/or                       Commissioners of the Company to appoint and                                   2024
              Public Accounting Firm to               determine the honorarium of the Independent Public
              audit the Company’s                     Accountant in carrying out an audit of the Company's
              Financial Statements for                Financial Statements for the fiscal year ending
              the Financial Year of 2024              31 December 2024, with criteria as follows:
              and determine                          a. The Public Accountant must be authorised and listed
              the honorarium for                        by Otoritas Jasa Keuangan (OJK);
              the Public Accountant and              b. The Public Accountant has the competence to meet
              other terms of appointment.               the deadline assigned by the Company;
                                                     c. The appointment must align with the recommendation
                                                        from the Company’s Audit Committee;
                                                     d. The honorarium and other appointment criteria for
                                                        Public Accountant must be fair; and
                                                     e. The appointment is not against the prevailing laws and
                                                        regulation.




                                                                                                    PT Bank QNB Indonesia Tbk Annual Report 2024 — 85
Page 86
GCG Structure (continued)
 Agenda                                                                                                                          Implementation
                           Agenda                                            AGMS Resolution
   #                                                                                                                                 Status
                                                    2.		 Authorised the Board of Commissioners to determine
                                                         the honorarium and other requirements for the Public
                                                         Accountant, and determine a replacement Public
                                                         Accountant from another Public Accountant Office in
                                                         case the appointed Public Accountant is unable to
                                                         complete the audit of the Company's Financial
                                                         Statements for financial year ending 31 December 2024
                                                         due to any reasons.
 Fourth       To determine                          Approved the delegation of authority to Qatar National Bank                  Implemented in
              the honorariums/salaries              (Q.P.S.C.) as the Controlling Shareholder of the Company to                       2024
              and other allowances for              determine the amount of salary/honorarium, fees, and other
              the members of the Board              allowances of members of the Board of Directors and
              of Commissioners and                  the Board of Commissioners of the Company for the 2024
              the members of Board of               financial year.
              Directors of the Company
              for the fiscal year of 2024.
 Fifth        To approve change(s) to               Approved the changes of the Board of Commissioners and                       Implemented in
              the member(s) of                      Board of Directors of the Company:                                                2024
              the Board of Commissioners            1.		 To appoint Mr. Lee Guo Chun (Luke Lee) as President
              and Board of Directors of                  Director and Mr. Gede Shanta Wiguna as Finance Director
              the Company.                               after receiving the OJK notification regarding the Fit and
                                                         Proper Test, with a tenure to end at the closing of the 2027
                                                         Annual General Meeting of Shareholders of the Company.
                                                    2.		 To reappoint the members of the Board of Directors of
                                                         the Company since the meeting closed until AGMS year
                                                         2027, except for Mr. Haryanto Suganda and
                                                         Mr. Soemenggrie Jongkamto who will continue their term
                                                         of office until the Company receives OJK notification
                                                         related to the Fit and Proper Test for the effective
                                                         appointment of Mr. Lee Guo Chun (Luke Lee)
                                                         as President Director and Mr. Gede Shanta Wiguna as
                                                         Finance Director.
                                                    3.		 To reappoint the members of the Board of Commissioners
                                                         of the Company since the meeting closed until AGMS in
                                                         2027.
                                                    4.		 Composition of the Board of Commissioners and Board
                                                         of Directors of the Company since the meeting closed is
                                                         as follows:
                                                    		 Board of Commissioners
                                                       • President Commisioner   : Ms. Fatma Abdulla S S
                                                                                   Al-Suwaidi
                                                                                   (Fatma Al-Suwaidi)
                                                       • Commisioner             : Mr. Khalid Ahmed Al-Sada
                                                                                   (Khalid Al-Sada)
                                                       • Independent Commisioner : Mr. Djoko Sarwono
                                                       • Independent Commisioner : Mr. Muhammad Anas Malla
                                                    		 Board of Directors
                                                       • President Director                 : Mr. Haryanto Suganda*
                                                       • Director                           : Mr. Windiartono Tabingin
                                                       • Director                           : Mr. Nicolas Alix Groene
                                                                                              (Nick Groene)
                                                       • Director                           : Mr. Soemenggrie
                                                                                              Jongkamto*
                                                       * Mr. Haryanto Suganda and Mr. Soemenggrie Jongkamto will
                                                         continue their term of office until the Company receives
                                                         OJK notification related to the Fit and Proper Test for the effective
                                                         appointment of Mr. Lee Guo Chun (Luke Lee) as President Director
                                                         and Mr. Gede Shanta Wiguna as Finance Director.



86 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile     Management Discussion and Analysis                                       Sustainability
                                                                                                         Corporate Governance (GCG)




 Agenda                                                                                                                        Implementation
                        Agenda                                            AGMS Resolution
   #                                                                                                                               Status
                                                5.		 Composition of the Board of Commissioners and Board
                                                     of Directors of the Company once OJK notification is
                                                     received related to the Fit and Proper Test for the
                                                     effective appointment of Mr. Lee Guo Chun (Luke Lee)
                                                     as President Director and Mr. Gede Shanta Wiguna as
                                                     Finance Director is as follows:
                                                		 Board of Commissioners
                                                    • President Commisioner   : Ms. Fatma Abdulla S S
                                                                                Al-Suwaidi
                                                                                (Fatma Al-Suwaidi)
                                                    • Commisioner             : Mr. Khalid Ahmed Al-Sada
                                                                                (Khalid Al-Sada)
                                                    • Independent Commisioner : Mr. Djoko Sarwono
                                                    • Independent Commisioner : Mr. Muhammad Anas Malla
                                                		 Board of Directors
                                                    • President Director                 : Mr. Lee Guo Chun
                                                                                           (Luke Lee)**
                                                    • Director                           : Mr. Windiartono Tabingin
                                                    • Director                           : Mr. Nicolas Alix Groene
                                                                                           (Nick Groene)
                                                    • Director                           : Mr. Gede Shanta Wiguna**
                                                    ** Effective upon receiving OJK notification on the Fit and Proper Test.

                                                		 The terms of office of all the Board of Directors and
                                                   Board of Commissioners of the Company will expire at
                                                   the close of the Annual General Meeting of Shareholders
                                                   of the Company to be held in 2027 but without prejudice
                                                   to the right of the General Meeting of Shareholders to
                                                   dismiss any director or commissioner at any time.
                                                6.		 Granted power and authority to the Directors of
                                                     the Company, with the right of substitution, to state
                                                     the Meeting decisions regarding fifth agenda in the deed
                                                     made before a Notary, including to state the composition of
                                                     the Board of Commissioners and Board of Directors
                                                     following the receipt of OJK notification on the results of
                                                     the Fit and Proper Test as mentioned above, and to
                                                     subsequently deliver notification to the authorities, and take
                                                     all and every action needed in connection with the decision
                                                     in accordance with applicable laws and regulations.
 Sixth        To approve amendments             1.		 Approved the amendments to the Company’s Articles of                       Implemented in
              to the Company’s Articles              Association, including adjustments to the UU P2SK,                              2024
              of Association.                        POJK 15/2022 and POJK 17/2023.
                                                2.		 Approved all provisions in the Articles of Association in
                                                     connection with the amendments as referred in point 1
                                                     above, henceforth the entire Articles of Association of
                                                     the Company shall be as stated in the Attachment to
                                                     the Minutes of the Meeting.
                                                3.		 Granted power and authority to the Board of Directors of
                                                     the Company with substitution rights to take all necessary
                                                     actions related to the resolutions of the Meeting agenda
                                                     including but not limited to perfecting or making amends
                                                     to the Articles of Association and reaffirming all
                                                     amendments to the articles of Association of the Company
                                                     in a separate Notary Deed including requesting approval
                                                     and/or notifying the amendments to the Company’s
                                                     Articles of Association to the Minister of Law and Human
                                                     Rights of the Republic of Indonesia and taking
                                                     all necessary actions in connection with this in accordance
                                                     with the provisions of the applicable laws and regulations.


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 87
Page 88
GCG Structure (continued)
 Agenda                                                                                                                       Implementation
                           Agenda                                           AGMS Resolution
   #                                                                                                                              Status
 Seventh      Realisation Report of                 The Report on the Realisation of the Use of Limited Offering              Implemented in
              the Use of Funds from                 VII Proceeds in 2023 is only a report and does not require                     2024
              Rights Issue VII year 2023.           decisions. The realisation and purpose of using these funds
                                                    are all in accordance with the Prospectus of QNB Indonesia's
                                                    Limited Public Offering VII Year 2023.


The processes involved in the EGMS are as follows:                             The 2024 EGMS was attended physically by 2 members
                                                                               of the BoC and 3 members of the BoD as well as
• Notification to OJK          : 21 October 2024
                                                                               shareholders and their proxies representing
• EGMS Announcement            : 28 October 2024
                                                                               33,625,961,847 shares (95.64% of total shares with valid
• EGMS Invitation              : 12 November 2024
                                                                               voting rights that had been issued by the Bank).
• EGMS Implementation Date     : 4 December 2024
• EGMS Resolution Announcement : 6 December 2024                               The table below provides the summary of the meeting
• EGMS Minutes Submission      : 20 December 2024                              agendas as well as their implementation status.

 Agenda                                                                                                                       Implementation
                           Agenda                                           EGMS Resolution
   #                                                                                                                              Status
 First        Amendment to                          1.		 Cancelled the decision of the 2024 Annual General                    Implemented in
              the members of                             Meeting of Shareholders dated 30 May 2024 on the fifth                    2024
              the Board of Directors of                  agenda regarding the appointment of Mr. Lee Guo Chun
              the Company.                               (Luke Lee) as President Director who withdrew himself
                                                         due to reason related to his health condition.
                                                    2.		 Appointed Mr. Nicolas Alix Groene (Nick Groene) as
                                                         President Director and Mr. Mario Albert Utama
                                                         (Mario Utama) as Director with effective date after
                                                         receiving the OJK notification regarding the fit and
                                                         proper test with a term of office following the remaining
                                                         term of office of the member of the Board of Directors
                                                         being replaced, namely which will end at the close of
                                                         the Company's Annual General Meeting of Shareholders
                                                         which will be held in 2027.
                                                    3.		 Thus starting from the closing of the Meeting until
                                                         the closing of the Annual General Meeting of Shareholders,
                                                         which will be held in 2027, taking into account regulations
                                                         in the Capital Market sector and without prejudice to
                                                         the right of the General Meeting of Shareholders to
                                                         dismiss at any time, the composition of
                                                         the Board of Directors of the Company will be as follows:
                                                    		 Board of Directors
                                                       • President Director                : Mr. Nicolas Alix Groene
                                                                                             (Nick Groene)*
                                                       • Director                          : Mr. Windiartono Tabingin
                                                       • Director                          : Mr. Gede Shanta Wiguna
                                                       • Director                          : Mr. Mario Albert Utama
                                                                                             (Mario Utama)*
                                                       * The appointment of Mr. Nicolas Alix Groene (Nick Groene) and
                                                         Mr. Mario Albert Utama (Mario Utama) is effective from the date of
                                                         obtaining approval from the OJK for the fit and proper test and
                                                         compliance with applicable laws and regulations.

                                                    		 Meanwhile, the composition of the Board of
                                                       Commissioners has not changed, remaining as before,
                                                       namely as follows:
                                                    		 Board of Commissioners
                                                       • President Commissioner            : Ms. Fatma Abdulla S S
                                                                                             Al-Suwaidi
                                                                                             (Fatma Al-Suwaidi)
                                                       • Commissioner                      : Mr. Khalid Ahmed
                                                                                             Al-Sada (Khalid Al-Sada)


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                                                                                                       Corporate Governance (GCG)




 Agenda                                                                                                                      Implementation
                        Agenda                                          EGMS Resolution
   #                                                                                                                             Status
                                                    • Independent Commisioner : Mr. Djoko Sarwono
                                                    • Independent Commisioner : Mr. Muhammad Anas Malla
                                                4.		 Give the power and authority to the Directors of
                                                     the Company, with the right of substitution, to give
                                                     the decisions regarding the composition of the Board of
                                                     Directors mentioned above in the deed made before
                                                     a Notary, and subsequently deliver notification to
                                                     the authorities, and take all and every action needed in
                                                     connection to the decision in accordance with applicable
                                                     laws and regulations.


Implementation of 2023 GMS Resolutions                                    meetings, reporting and accountability, transparency
                                                                          aspects, and the working relationship between the BoC
All the resolutions from the 2023 AGMS and EGMS had
                                                                          and the BoD, as well as the closing provisions.
been fully implemented in 2023, as stated in the 2023
Annual Report and the official website of the Bank.                       Appointment and/or Replacement or Dismissal

Board of Commissioners                                                    Every recommendation for the appointment and/or
                                                                          replacement or dismissal of any member of
The Board of Commissioners (BoC) is a governance                          the BoC submitted to the GMS must take into account
body of the Bank that is tasked to provide general and                    the recommendation of the Remuneration & Nomination
specific forms of supervision in accordance with                          Committee. Appointment and/or replacement of any
the Articles of Association and provide advice to                         member of the BoC puts forth the composition of
the Board of Directors (BoD).                                             the BoC in terms of professionalism, independence,
Members of the BoC are individuals that satisfy                           alignment of competences, and diversity, all of which are
the requirements for OJK approval, i.e., having integrity,                specifically required for discharging the duties and
competence, and upstanding reputation throughout their                    responsibilities of the BoC.
term of office.                                                           Procedures for BoC members’ appointment and/or
Board of Commissioners’ Charter                                           replacement or dismissal are stipulated in the BoC
                                                                          Charter.
The BoC has a working guideline (Charter) that binds each
member of the BoC.                                                        Composition & Membership
The most recent Charter of the Bank’s BoC is                              The Bank, with 4 members in its BoC, has fulfilled
No. 1/04/001.04/III/2024, established on 7 March 2024.                    the provisions for BoC composition, i.e., consisting of
This charter sets out the structure and membership, criteria              minimum 3 members and maximum the same number
and composition, tenure, duties and responsibilities,                     of BoD members. Two commissioners are domiciled in
authority, work ethics, work culture, accountability,                     Indonesia. 50% are Independent Commissioners.


BoC Composition as at 31 December 2024

                                                 Most Recent Legal Basis
        Name                  Position                                              BI or OJK Approval                  Term of Office
                                                    of Appointment
                                                  AGMS on 30 May 2024                                             June 2021–August 2021
                        President
 Fatma Al-Suwaidi                               (Initial appointment: EGMS              4 June 2021                     2021–2024
                        Commissioner
                                                  on 17 December 2020)                                                  2024-2027
                                                  AGMS on 30 May 2024                                                     2019–2021
 Khalid Al-Sada         Commissioner            (Initial appointment: AGMS            11 October 2019                     2021–2024
                                                      on 26 June 2019)                                                    2024-2027
                                                                                                                          2015–2018
                                                  AGMS on 30 May 2024
                        Independent                                                                                       2018–2021
 Djoko Sarwono                                  (Initial appointment: EGMS           11 November 2015
                        Commissioner                                                                                      2021–2024
                                                     on 9 October 2015)
                                                                                                                          2024-2027
                                                                                                                          2011–2012
                                                                                                                          2012–2015
                                                  AGMS on 30 May 2024
 Muhammad Anas          Independent                                                                                       2015–2018
                                                (Initial appointment: EGMS          24 November 2011
 Malla                  Commissioner                                                                                      2018–2021
                                                   on 16 September 2011)
                                                                                                                          2021–2024
                                                                                                                          2024-2027


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 89
Page 90
GCG Structure (continued)
Training                                                                  c.		 Assessment by the head of the internal audit unit and
                                                                               the executive officer overseeing the Human
The Bank always strives to enhance its BoC members with
                                                                               Resources function, affirming that the Independent
the necessary tools to carry out their relevant functions,
                                                                               Commissioner remains independent; and
and this is pursued among others through regular and
                                                                          d.		 Statement by the Independent Commissioner in
ongoing training. BoC members participated in various
                                                                               the GMS regarding their independence.
training and development programmes in 2024. These
are listed in their respective profiles in the Board of                   Ownership of Shares by Members of the BoC
Commissioners Profiles section in this Annual Report, on                  BoC members disclose their share ownership
pages 47–50.                                                              amounting to 5% or more in the Bank and other banks or
Independence                                                              companies domiciled domestically or abroad. The report
                                                                          is updated annually, and immediately following a change
Independent Commissioners are members of the BoC
                                                                          in the share ownership, to the authorities. As at
who do not have financial, management, share
                                                                          31 December 2024, no BoC members held more than 5%
ownership and/or family relationships with members of
                                                                          of the paid-up capital of the Bank or that of other banks,
the BoD, other members of the BoC, and/or controlling
                                                                          non-bank financial institutions, or other companies in
shareholders including the ultimate controlling
                                                                          Indonesia or abroad.
shareholder, or any relationships with the Bank that could
affect their capabilities to act independently.                           Concurrent Positions
Independent Commissioners must have adequate                              Members of the BoC are prohibited from holding
knowledge in the banking sector that is relevant to                       concurrent positions in accordance with statutory
their position and experience in the banking and/or                       provisions. There are several positions that are not
financial sector.                                                         considered concurrent positions as per OJK regulations,
                                                                          as long as they do not result in the person concerned
The number of Independent Commissioners in the Bank
                                                                          neglecting their duties and responsibilities as a member
is two, in accordance with the mandatory provisions
                                                                          of the BoC. The positions held by each member of
of at least 50% of the total members of the BoC. Both of
                                                                          the BoC at the end of 2024 are listed in their respective
them have served as Independent Commissioners for
                                                                          profiles in the Board of Commissioners Profiles section
more than two consecutive terms. The two Independent
                                                                          of this Annual Report, on pages 47–50.
Commissioners were reappointed with the following
considerations:                                                           Financial or Familial Relations of BoC Members
a.		 Assessment of the performance of the Independent                     The table below shows the familial and financial
     Commissioner;                                                        relationships between each BoC member and other
b. Evaluation of BoC meetings, confirming that                            BoC members, BoD members, and the Controlling
     the Independent Commissioner continues to act                        Shareholder including the Ultimate Controlling
     independently;                                                       Shareholder:

                                               Family Relationship with                      Financial Relationship with
                                                                    Controlling                                      Controlling
            Name                        BoC             BoD                              BoC             BoD
                                                                    Shareholder                                      Shareholder
                                    Yes       No     Yes      No    Yes      No      Yes       No    Yes       No     Yes     No
 Fatma Al-Suwaidi                                                                                                 
 Khalid Al-Sada                                                                                                   
 Djoko Sarwono                                                                                                            
 Muhammad Anas Malla                                                                                                      


Duties & Responsibilities
The BoC is tasked with supervising in the interests of the Bank over the policies and course of management by the BoD,
providing advice to the BoD and holding responsibility for such supervision, in accordance with the Bank’s aims and objectives
as stipulated in the provisions of laws and regulations, the Articles of Association, and GMS resolutions. The complete duties
of the BoC are stated in the Bank’s Articles of Association and the BoC Charter.
The main duties of the BoC relating to the main aspects are, among others:
1. General Duties: Conducting duties and responsibilities in good faith, as well as in an accountable and prudent manner;
2. Corporate Governance: Ensuring the implementation of GCG in all aspects of the Bank’s business activities across all
   organisational levels and hierarchy;
3. Implementation of Internal Audit Function: Ensuring that the BoD develops and maintains an adequate, effective and
   efficient internal control system;
4. Strategic Decisions and Planning: Setting, developing, and approving the strategies, plans, objectives, and main policies
   of the Bank, including but not limited to approving the Bank’s risk management strategy including for IT risk and
   cybersecurity risk;

90 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                       Sustainability
                                                                                                      Corporate Governance (GCG)




5. Oversight, Control, and Supervision: Overseeing                            policy (including IT risk and cybersecurity risk), credit
   the BoD and Senior Management through the BoD                              policy, credit restructuring policy, writeoff policy, and
   Committees as part of the Bank’s checks                                    premium customer service policy;
   and balances, and reviewing all decisions of the BoC                   10. Formation of Committees: Establishing committees
   Committees and BoD Committees, as well as                                  under the BoC to assist the BoC’s discharge of duties
   ensuring the implementation of internal control                            and responsibilities effectively, communicating
   framework system across the Bank, including                                intensely with the committees, and supervising and
   internal audit, compliance, risk management                                evaluating these committees’ work performance on
   (including IT risk and cybersecurity risk), and                            a regular basis.
   financial control;                                                     Remuneration Structure, Policy, and Procedures
6. Performance Evaluation: Setting and upholding
   a self-assessment mechanism for evaluating                             In general, the Bank determines remuneration package
   the performance, competence, and efficacy of BoC                       by referring to the Bank’s internal policies,
   and BoD members in accordance with the provisions,                     prevailing laws and regulations, industry comparison,
   as well as ensuring that the Bank maintains and                        and with taking into account its performance in
   enacts the proper comprehension programmes                             the current year. The amount of remuneration for BoC
   required to disseminate the compliance and risk                        members is set based on their performance. According
   management culture, including for IT risk and                          to the Bank’s Articles of Association, salary or honorarium
   cybersecurity risk;                                                    and other allowances for the BoC members shall be
7. External Audit and Financial Services: Nominating                      established by the GMS.
   independent external auditors to the GMS and                           BoC remuneration procedure consists of several phases,
   supervising their performance based on the input from                  which include formulation, analysis, proposal, and
   the Audit Committee;                                                   establishment. The Remuneration and Nomination
8. Stakeholder Management: Supervising BoD’s exercise                     Committee is the supporting organ that formulates
   of responsibilities towards shareholders and other                     the remuneration policy and proposal. The Committee
   stakeholders and related parties within the Bank and                   gathers information about remuneration standard for
   the community at large;                                                the position and similar industry in the market, as well as
9. Executive Responsibilities: Reviewing and approving                    taking the Bank’s performance under consideration.
   the Bank’s long-term strategy, annual business plan
                                                                          Until the end of the reporting period, the Bank did not
   and budget, performance in all aspects of business,
                                                                          have any policy related to the provision of long term
   and corporate social responsibility, as well as
                                                                          compensation in the form of share option or other forms
   reviewing and approving policies including but not
                                                                          to anyone, including the BoC members.
   limited to the AML CFT policy, risk management

                                                                                                    Amount Received in 1 Year in 2024
                                                                                                                                      Amount
 Type of Remuneration and Facility                                                                         Recipients              (million Rp)
 Remuneration (salary, bonuses, routine benefits, and other intangible facilities)                                     2                   2,760
 Other tangible facilities (housing, transportation allowances, health insurance,
 and others) that can be owned and cannot be owned                                                                     2                       60
 Total                                                                                                                                    2,820


 Remuneration Received per Person per Year                                                                                          Recipients
 Above Rp5 billion                                                                                                                                -
 Above Rp2 billion up to Rp5 billion                                                                                                              -
 Above Rp1 billion up to Rp2 billion                                                                                                             2
 Above Rp500 million up to Rp1 billion                                                                                                            -
 Rp500 million or below                                                                                                                           -


 Highest to Lowest Salaries                                                                                                                Ratio
 Ratio of Employees’ Highest Salary to Lowest Salary                                                                                        38.0
 Ratio of Directors’ Highest Salary to Lowest Salary                                                                                          2.4
 Ratio of Commissioners’ Highest Salary to Lowest Salary                                                                                       1.0
 Ratio of Director’s Highest Salary to Employee’s Lowest Salary                                                                               2.2
 Ratio of Director’s Highest Salary to Commissioner’s Highest Salary                                                                          5.8
 Ratio of Director’s Highest Salary to Commissioner’s Lowest Salary                                                                           2.5


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 91
Page 92
GCG Structure (continued)
Meetings
The BoC is obliged to hold regular BoC meetings at least once every 2 months or whenever deemed necessary by
members of the BoC, or upon written request from members of the BoD, or from at least 1/10 of the total shares with
valid voting rights. Joint meetings between the BoC and the BoD is held periodically at least once every 4 months.
All members of the BoC must physically attend meetings at least twice a year. Non-Independent Commissioners who
cannot physically attend meetings, can attend face-to-face BoC meetings by utilising information technology,
including video conference media or other electronic face-to-face media.
In 2024, the BoC held a total of 8 meetings, and attended 6 joint meetings with the BoC and BoD.
The attendance of each member of the BoC at the 2024 BoC meetings is as follows:

                                                                    Physical              Video             Percentage
              Name                                  Position
                                                                   Attendance           Conference         of Attendance
 Fatma Al-Suwaidi                     President Commissioner             3                    5                100%
 Khalid Al-Sada                       Commissioner                       2                    5                 88%
 Djoko Sarwono                        Independent Commissioner           8                    -                100%
 Muhammad Anas Malla                  Independent Commissioner           8                    -                100%

The attendance of each BoC member in the BoC–BoD joint meetings in 2024 are as follows:

                                                                    Physical              Video             Percentage
              Name                                  Position
                                                                   Attendance           Conference         of Attendance
 Fatma Al-Suwaidi                     President Commissioner             3                    3                100%
 Khalid Al-Sada                       Commissioner                       2                    3                 83%
 Djoko Sarwono                        Independent Commissioner           6                    -                100%
 Muhammad Anas Malla                  Independent Commissioner           6                    -                100%

Performance Assessment                                           2.		 Self assessment of the duties and responsibilities of
The BoC’s performance is assessed regularly every year.               the BoC through the preparation of the bank’s
                                                                      governance implementation self assessment.
Criteria or indicators used in evaluating
the BoC’s performance of duties and responsibilities are:        		 This method of assessment of the BoC’s performance
                                                                    shall be submitted by the Bank to OJK every
•		 Assessment of the Supervisory Duties of the BoC                 semester. OJK shall subsequently conduct evaluation
    as reflected in the Annual Report, conducted by                 or assessment of the report of the bank’s governance
    the Shareholders at the GMS.                                    implementation self assessment.
•		 Self assessment through the Governance
    Implementation self assessment, encompassing                 3.		 Assessment of the BoC’s performance is also carried
    the Governance Structure, Governance Process, and                 out through the preparation of self assessment
    Governance Outcome.                                               of the execution of duties and responsibilities of each
•		 Self assessment of the execution of the BoC’s duties              member of the BoC.
    and responsibilities, encompassing the Membership            Based on the aforementioned matters, the performance
    Structure, Performance Assessment; Strategic Plan            assessment of the BoC for 2024 indicates that the BoC
    and Performance, as well as Management Interaction           has provided guidance and oversight on
    and Activities.                                              the performance of the BoD, the implementation
Assessment of the BoC’s performance follows                      of governance, risk management, and the Bank’s
the below procedures/mechanisms:                                 compliance. In the Financial Statements for FY2024,
                                                                 the Bank successfully recorded a profit and achieved its
1.		 Assessment of the BoC’s Performance by the GMS.             credit targets in line with the Bank Business Plan (RBB).
		 The BoC’s performance is evaluated by the                     However, there remains room for improvement,
   Shareholders at the AGMS, concurrent with the                 particularly in ensuring sustainable finance. The BoC will
   submission of the report of the BoC’s supervision, as         continue to monitor and oversee the Bank’s progress to
   stipulated in the Bank’s Annual Report. The AGMS              ensure that the BoD maintains and further enhances its
   subsequently determines whether to accept and                 performance.
   approve the Annual Report for the previous financial          The assessment result is used as a reference and will be
   year including the report of the BoC’s supervision            followed up in the form of improvements and action
   and to provide full acquittal and discharge (acquit et        plans for the BoC. The assessment result is expected to
   de charge) to the BoC for the supervisory actions             be used as an input for improving the BoC’s performance
   carried out during the previous financial year.               on an ongoing basis.


92 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 93
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                       Sustainability
                                                                                                       Corporate Governance (GCG)




Committees’ Performance Assessment
In carrying out its duties and responsibilities, the BoC is               The BoC assessed that in light of the completion of all
assisted by several BoC Committees. These                                 the duties and responsibilities of the BoC Committees as
committees are the Audit Committee, the Remuneration                      previously stipulated, the frequency of meetings and
and Nomination Committee, and the Risk Oversight                          attendance in these meetings by the members, along
Committee.                                                                with these committees’ activity reports had shown that
                                                                          these committees had performed their respective
Implementation of the committee’s duties was mainly
                                                                          duties effectively.
through the committee meetings, including by inviting
related divisions/work units, as well as through thorough                 Board of Directors
evaluations by each committee at the meetings, presented
to the BoC.                                                               The Board of Directors (BoD) is a governance body of
                                                                          the Bank that is authorised to conduct, and fully
•		 The Audit Committee has carried out its functions,                    responsible for, the management of the Bank for the
    duties, and responsibilities, including but not limited               interest of the Bank, aligned with the intents and
    to reviewing financial information to be disclosed by                 purposes of the Bank as well as representing the Bank
    the Bank to the authorities and/or the public;                        inside and outside the court of law in accordance with
    assessing the effectiveness of the Bank’s risk                        the provisions of the Articles of Association.
    management and internal control over financial and
    other reporting, including information technology                     Members of the BoD are individuals that meet the
    security and controls; monitoring, analysing, and                     requirements for OJK approval, i.e., having integrity,
    evaluating audit planning and execution,                              competence, and upstanding reputation throughout
     as well as overseeing follow-up actions on internal                  their term of office.
    audit findings to assess the adequacy of internal                     Board of Directors’ Charter
    controls. Additionally, the Committee analyses
                                                                          The BoD has a working guideline (Charter) that binds
    the Bank’s compliance with regulations, ensuring
                                                                          each member of the BoD.
    that the Bank’s business activities align with
    applicable laws and regulations; monitors and                         The BoD Charter of the Bank No. 1/04/002.03/III/2024
    evaluates the consistency of external auditors’ work                  was established on 7 March 2024. This charter sets out
    with applicable audit standards; and evaluates                        the structure and membership, criteria, term of office,
    key issues highlighted in the quarterly summary                       duties and responsibilities, authority, work ethics, work
    reports submitted by Internal Audit and                               culture, working hours, temporary replacement of the
    Compliance.                                                           Compliance Director, accountability, meetings, reporting
•		 The Remuneration and Nomination Committee has                         and responsibility, transparency aspects, and the
    fulfilled its supervisory functions, duties, and                      working relationship between the BoC and the BoD, as
    responsibilities regarding the implementation of                      well as the closing provisions.
    nomination and remuneration policies at all levels of                 Appointment and/or Replacement or Dismissal
    the organisation, including the BoC, BoD,
    and employees, in accordance with applicable                          Every recommendation for the appointment and/or
    regulations. These responsibilities include but are                   replacement or dismissal of any member of the BoD
    not limited to evaluating remuneration policies based                 submitted to the GMS must take into account the
    on performance, risk, fairness compared to peer                       recommendation of the Remuneration & Nomination
    groups, as well as the Bank’s long-term goals and                     Committee. Appointment and/or replacement of any
    strategy; and recommending the system and                             member of the BoD puts forth the composition of the
    procedures for the selection and/or replacement of                    BoD in terms of professionalism, independence,
    members of the BoD and BoC to the BoC for                             alignment of competences, and diversity, all of which are
    submission to the GMS.                                                specifically required for discharging the duties and
•		 The Risk Oversight Committee has carried out                          responsibilities of the BoD.
    its duties and responsibilities in monitoring and                     Procedures for BoD members’ appointment and/or
    evaluating the implementation of the Bank’s risk                      replacement or dismissal are stipulated in the BoD
    management, including but not limited to overseeing                   Charter.
    country risk and transfer risk; reviewing the Bank’s
                                                                          Composition & Membership
    risk management strategy as well as the Risk
    Appetite and Portfolio Strategy recommended by                        The Bank’s BoD, with its 4 members, has fulfilled the
    the Risk Management Committee; assessing and                          provisions for BoD composition, i.e., consisting of at
    comparing the portfolio risk profile with                             least 3 members, with the majority or more than 50% of
    the Risk Appetite; recommending the risk framework,                   its members are Indonesian nationals.
    risk policies, and control structures in line with                    All of the Directors are domiciled in Indonesia.
    the Bank’s strategy; and reviewing and recommending
    principal risks and the Bank’s risk taxonomy, which
    are identified as part of the Enterprise Risk
    Management (ERM) framework and the Bank’s risk
    management policies.



                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 93
Page 94
GCG Structure (continued)
BoD Composition as at 31 December 2024

                                                    Most Recent Legal Basis
        Name                    Position                                         BI or OJK Approval         Term of Office
                                                       of Appointment

                                                                                                         As President Director:
                                                    EGMS on 4 December 2024
                                                                                                       12 December 2024–2027
                          President                   (Initial appointment as
 Nick Groene                                                                     11 December 2024             As Director:
                          Director                       Director: EGMS on
                                                                                                              2020–2021
                                                        17 December 2020)
                                                                                                        2021–11 December 2024

                                                                                                             2012–2015
                                                      AGMS on 30 May 2024                                    2015–2018
 Windiartono              Compliance
                                                    (Initial appointment: EGMS    25 February 2013           2018–2021
 Tabingin                 Director
                                                      on 29 November 2012)                                   2021–2024
                                                                                                             2024–2027

 Gede Shanta
                          Finance Director            AGMS on 30 May 2024          6 August 2024         8 August 2024–2027
 Wiguna

                                                                                   Bank submitted
                                                                                                       Effective from the date of
                          Corporate &                                              a Fit and Proper
                                                                                                        approval obtained from
 Mario Utama              Institutional             EGMS on 4 December 2024      Test application to
                                                                                                          OJK for the Fit and
                          Banking Director                                            OJK dated
                                                                                                              Proper Test
                                                                                 16 December 2024

 Haryanto                 President                                                                          April 2022–
                                                    EGMS on 23 December 2021       22 April 2022
 Suganda                  Director                                                                         31 August 2024

 Soemenggrie
                          Finance Director           AGMS on 19 August 2021      18 November 2021        2021–7 August 2024
 Jongkamto



In 2024, there were changes to the composition of the Bank’s BoD, in relation to:
1. 		 The end of Haryanto Suganda’s term of office and work contract on 31 August 2024.
2.		 The end of Soemenggrie Jongkamto’s term of office with the new Finance Director effective on 7 August 2024.
3.		 The effective appointment of Nick Groene as President Director on 12 December 2024.
4. The effective appointment of Gede Shanta Wiguna as Director on 8 August 2024.
Meanwhile, the appointment of Mario Utama as Director was effective on 24 January 2025.
Training
The Bank always strives to enhance its BoD members with the necessary tools to carry out their relevant functions, and
this is pursued among others through regular and ongoing training. Training and competence development programmes
participated by the BoD members in 2024 are listed in their respective profiles in the Board of Directors Profiles section
in this Annual Report, on pages 43–46.
Newly appointed members of the BoD will be given guidance and overview of the Bank’s business activities in the form of
Annual Reports, Quarterly Financial Reports, the Bank Business Plan, BoD Charter, as well as adequate risk management
training, as part of the Bank’s induction programme for new BoD members in coordination with Human Resources
Division. Such members of the BoD will also have discussion with other members of the BoD, committees’ members, and
attend meetings with the BoD and BoC.
Ownership of Shares by BoD Members
BoD members shall disclose their share ownership amounting to 5% or more in the Bank and other banks or companies
domiciled domestically or abroad. The report is updated annually, and immediately following a change in the share
ownership, to the authorities.
Members of the BoD, individually or collectively, are prohibited from owning shares in any other companies amounting to
25% or more of the paid-up capital of these other companies. Exemption from share ownership is as determined by
applicable regulations.




94 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 95
2024 Highlights   Reports to Stakeholders    Company Profile    Management Discussion and Analysis                                          Sustainability
                                                                                                         Corporate Governance (GCG)




Financial or Familial Relations of BoD Members
The table below shows the familial and financial relationships between each BoD member and other BoD members, BoC
members, and the Controlling Shareholder including the Ultimate Controlling Shareholder:

                                             Family Relationship with                                 Financial Relationship with
                                                                      Controlling                                                     Controlling
             Name                      BoC               BoD                                   BoC                   BoD
                                                                      Shareholder                                                     Shareholder
                                  Yes        No      Yes       No      Yes       No        Yes         No       Yes        No         Yes        No
 Nick Groene                                                                                                                                  
 Windiartono Tabingin                                                                                                                         
 Gede Shanta Wiguna                                                                                                                           


Duties & Responsibilities                                                        b. Must seek approval from the BoC for the Bank’s
                                                                                     Annual Budget and Business Plan (RBB) to
The BoD is tasked with carrying out and being responsible
                                                                                     ensure that this is in line with long-term strategy
for the management of the Bank in accordance with
                                                                                     and changes in the economy, markets and
the Bank’s aims and objectives as stipulated in
                                                                                     regulatory environment,
the provisions of statutory regulations, Articles of
                                                                                 c. Must seek approval from the BoC for the Bank’s
Association, and GMS resolutions. The complete duties
                                                                                     capital expenditure budget and all changes
of the BoD are stated in the Bank’s Articles of
                                                                                     during the fiscal year.
Association and the BoD Charter.
                                                                                 d. Must seek approval from the BoC to approve
The main duties of the BoD are as follows:                                            the Risk Management strategy including IT risk
1. General Duties: Must carry out duties and                                         and cybersecurity risk, as well as the overall Risk
   responsibilities in good faith, with full responsibility                          Appetite and portfolio strategy approved by
   and prudence and with due regard to applicable laws                               the Risk Oversight Committee and review any
   and regulations and the Bank’s Articles of Association.                           changes in the risk management strategy or risk
2. Corporate Governance:                                                             appetite that arise.

     a. Carry out Bank management for the benefit and                        In addition to the above, each BoD member has
        in accordance with the Bank’s aims and                               a specific set of duties and responsibilities in accordance
        objectives and act as the leader in such                             with their designated position, as summarised below:
        management.                                                          PRESIDENT DIRECTOR
     b. Maintain and manage the Bank’s assets.
                                                                             The President Director position coordinates the Bank’s
     c. Take full responsibility for carrying out their duties
                                                                             management and together with the BoD establish
        for the benefit of the Bank in achieving its goals
                                                                             strategic plans; leads business network development for
        and objectives,
                                                                             the Bank’s benefit; coordinates, directs, and supervises
     d. Must hold Annual GMS and other GMS as regulated
                                                                             each directorate to keep them on track with long-term
        in statutory regulations and the Bank’s Articles of
                                                                             strategies; directs business performance and maximises
        Association.
                                                                             revenue; promotes the Bank’s image and participates in
     e. Must implement the principles of good corporate
                                                                             building good relations with customers, monetary
        governance in every business activity of the Bank
                                                                             authorities, and other stakeholders; supervises the BoD
        at all levels or levels of the organisation, at least
                                                                             and divisions under their responsibility directly,
        this must be realised in the implementation of
                                                                             in accordance with the Bank’s organisation structure; and
        the duties and responsibilities of the BoD,
                                                                             leads and directs the human resources empowerment
        the completeness and implementation of
                                                                             policy to be aligned with the Bank’s strategies and to
        the duties of committees and work units that
                                                                             achieve its goals.
        carry out the Bank’s internal control function,
        implementation of compliance function,                               COMPLIANCE DIRECTOR
         internal audits and external audits, as well as                     The Compliance Director leads and directs policy and
        implementation of risk management including IT                       strategy development and implementation in Regulatory
        risk, cybersecurity risk, and the internal control                   Compliance, Financial Crime Compliance (FCC), and
        system.                                                              Corporate Secretary areas; formulates strategies to
3. Implementation of the Internal Audit Function:                            encourage compliance culture, establish compliance
   Develop an internal control framework to identify,                        systems and procedures for developing internal policies
   measure, monitor and control all risks faced by                           and guidelines and upholding them in accordance with
   the Bank.                                                                 the laws and regulations; coordinates, directs, and
4. Strategic Decisions and Planning:                                         implements the principles of good governance and
                                                                             corporate actions; ensures compliant reporting and
     a. Must submit to the BoC to determine and
                                                                             fulfilment of action plans and commitments to regulators;
        develop the Bank’s main strategies, plans,
                                                                             as well as boosts competitiveness and profitability
        objectives and policies,


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 95
Page 96
GCG Structure (continued)
through effective planning and control over resources             the preset risk parameters; achieves the investment and
and risk management under the Compliance                          treasury sales targets and maximises profit through
Directorate.                                                      fund management and trading of various financial
                                                                  instruments; maintains communication with
CORPORATE & INSTITUTIONAL BANKING DIRECTOR
                                                                  the regulators, supervisors of correspondent banking
In consideration of the organisational structure of               regulations to help achieve the Bank’s business targets.
the Bank, the President Director directs the Corporate &
                                                                  FINANCE DIRECTOR
Institutional Banking Directorate, and therefore leads
and directs policy and strategy development and                   The Finance Director monitors the optimal strategy for
implementation in Corporate & Institutional Banking               capitalisation and distribution of dividends to
area; leads, directs, and coordinates the development of          shareholders and maintains capital adequacy ratios;
products and services to ensure growth, profitability,            supports an effective decision making across
and competitive products in the Corporate &                       all business units and delivers ideas related to financial
Institutional Banking segment; ensures fulfilment of              investments, liquidity, strategic planning, balance sheet
customer-oriented approach and strategic relationship             structure, and profit projections; prepares the Bank’s
approach; as well as boosts competitiveness and                   annual budget and maintains the business, budgeting,
profitability through effective planning and control over         and review procedures that are consistent throughout
resources and risk management under the Corporate &               the Bank while monitoring the Bank’s budget control
Institutional Banking Directorate.                                system and developing long-term financial strategy;
                                                                  controls the spread and margin of the average interest
OPERATIONS & TECHNOLOGY DIRECTOR
                                                                  rate and prepares marginal cost/benefit analyses as well
In consideration of the organisational structure of               as designs and maintains through coordination the risk-
the Bank, the President Director directs the Operations           adjusted return on capital; and monitors the implementation
& Technology Directorate, and therefore leads and                 of sustainable financing plan into the Bank’s governance
directs policy and strategy development and                       and standard operating procedures.
implementation in operations, information technology,
                                                                  Remuneration Structure, Policy, and Procedures
human resources management, general services and
corporate communications; manages systems and units               In general, the Bank determines remuneration package
related to processing to ensure efficient deployment of           by referring to the Bank’s internal policies, prevailing
technology and technologically-oriented operational               laws and regulations, industry comparison, and with
support; enhances operating standards and processes               taking into account the Bank’s performance in
by sponsoring the transformational adoption of core               the current year. The amount of remuneration for BoD
standard systems to ensure that the best results are              members is set based on their performance. According
achieved; ensures accuracy of information across all              to the Bank’s Articles of Association, salary or
internal and external communications processes as well            honorarium and other allowances for the BoD members
as the public relation functions of the Bank; and provides        shall be established by the GMS.
guidance in the management of human resources.                    BoD remuneration procedure consists of several phases,
TREASURY & FINANCIAL INSTITUTION DIRECTOR                         which include formulation, analysis, proposal, and
                                                                  establishment. The Remuneration and Nomination
In consideration of the organisational structure of
                                                                  Committee is the supporting organ that formulates
the Bank, the President Director directs the Treasury &
                                                                  the remuneration policy and proposal. The Committee
Financial Institution Directorate, and therefore leads and
                                                                  gathers information about remuneration standard for
directs policy and strategy development and
                                                                  the position and the similar industry in the market,
implementation in treasury & financial institution;
                                                                  inflation rate, as well as the Bank’s performance and
carefully monitors the Bank’s liquidity ratios; initiates
                                                                  assessment results, to be used as consideration.
and leads the Bank’s funding roadmap; effectively and
efficiently controlling the Bank’s funding and ensuring           Until the end of the reporting period, the Bank did not
sound liquidity of the Bank’s and optimises cost                  have any policy related to the provision of long
effectiveness; supervises the dealing room and foreign            term compensation in the form of share option or other
exchange/money position of the dealers within                     forms to anyone, including the BoD members.


                                                                                      Amount Received in 1 Year in 2024

                                                                                                                  Amount
 Type of Remuneration and Facility                                                          Recipients         (million Rp)

 Remuneration (salary, bonuses, routine benefits, and other intangible facilities)                    5             22,024

 Other tangible facilities (housing, transportation allowances, health insurance,
 and others) that can be owned and cannot be owned                                                    5                 199

 Total                                                                                                              22,223


96 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 97
2024 Highlights     Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                       Sustainability
                                                                                                         Corporate Governance (GCG)




 Remuneration Received per Person per Year                                                                                            Recipients
 Above Rp5 billion                                                                                                                                 2
 Above Rp2 billion up to Rp5 billion                                                                                                               2
 Above Rp1 billion up to Rp2 billion                                                                                                                1
 Above Rp500 million up to Rp1 billion                                                                                                              -
 Rp500 million or below                                                                                                                             -


Meetings
In general, the BoD must conduct a meeting at least once a month or at any time deemed necessary and upon written
request by any BoD member, any BoC member, or at least 1/10 of the total shares with valid voting right. A joint meeting
with the BoC must be held at least once every 4 months. Each BoD member shall attend the meetings unless a valid reason
is given and a proxy is nominated in accordance with the provisions. Meetings may also be conducted via teleconference,
video conference, or other electronic means.
In 2024, the BoD conducted a total of 31 meetings, and attended 6 BoC–BoD joint meetings.
The attendance of each BoD member in the BoD meetings in 2024 are as follows:

                                                                                                                          Percentage
                  Name                             Position                        Attendance
                                                                                                                         of Attendance
 Nick Groene                            President Director                                31                                   100%
 Windiartono Tabingin                   Director                                         30                                     97%
 Gede Shanta Wiguna                     Director                                          15                                   100%


The attendance of each BoD member in the BoC–BoD joint meetings in 2024 are as follows:

                                                                                                                          Percentage
                  Name                             Position                        Attendance
                                                                                                                         of Attendance
 Nick Groene                            President Director                                6                                    100%
 Windiartono Tabingin                   Director                                          5                                    83%
 Gede Shanta Wiguna                     Director                                          2                                    100%



Performance Assessment                                                           the submission of the report of the BoD’s duties, as
                                                                                 stipulated in the Bank’s Annual Report. The AGMS
The BoD’s performance is assessed regularly every year.
                                                                                 subsequently determines whether to accept and
Criteria or indicators used in evaluating the BoD’s                              approve the Annual Report for the previous financial
performance of duties and responsibilities are:                                  year including the report of the BoD’s duties and to
• Assessment of the Duties of the BoD as reflected in                            provide full acquittal and discharge (acquit et de charge)
  the Annual Report, conducted by the Shareholders at                            to the BoD for the managerial actions carried out
  the GMS.                                                                       during the previous financial year.
• Self-assessment through the Corporate Governance                          2.		 Self-assessment of the duties and responsibilities of
  Implementation self-assessment, encompassing                                   the BoC through the preparation of the bank’s
  the Governance Structure, Governance Process, and                              governance implementation self-assessment.
  Governance Outcome.
                                                                            		 This method of assessment of the BoD’s performance
• Self-assessment of the execution of the BoD’s duties
                                                                               shall be submitted by the Bank to OJK every semester.
  and responsibilities, encompassing the Membership
                                                                               OJK shall subsequently conduct evaluation or
  Structure, Performance Assessment; Strategic Plan
                                                                               assessment of the report of the bank’s governance
  and Performance, as well as Management Interaction
                                                                               implementation self-assessment.
  and Activities.
                                                                            3.		 Assessment of the BoD’s performance is also carried
Assessment of the BoD’s performance follows
                                                                                 out through the preparation of self-assessment of
the below procedures/mechanisms:
                                                                                 the collegial execution of duties and responsibilities
1.		 Assessment of the BoD’s Performance by the AGMS.                            of the BoD.
		 The BoD’s performance is evaluated by                                    In light of the matters above, the performance assessment
   the Shareholders at the AGMS, concurrent with                            of the BoD during 2024 showed that the Board of


                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 97
Page 98
GCG Structure (continued)
Directors had implemented the efforts and strategies to             • Early Alert Committee
improve the Bank’s performance. The optimal efforts of              • Risk Management Committee
the BoD was reflected in the growing scale of the Bank’s            • Purchasing Committee
business, with profitability achieved. The Bank’s                   • New Products & Activities Committee
performance in 2024 serves as the foundation for                    • Information Technology Steering Committee
the Bank’s sustainable growth in the future.                        • Human Resources Committee
                                                                    • Fraud Oversight Committee
The assessment result is used as a reference and will be
                                                                    • Credit Policy Committee
followed up in the form of improvements and action plans
                                                                    • Operational Risk Committee
for the BoD, as seen in the achievement of credit targets,
                                                                    • Anti-Money Laundering and Combating the Financing
profit, and the start of Deferred Tax Assets payments.
                                                                      of Terrorism Committee
Committees’ Performance Assessment                                  • UCan Product Committee
The BoD has established several committees to support               • Governance, Risk, Compliance Committee
the implementation of the BoD’s duties, in line with                The BoD has concluded that throughout 2024
the prevailing business needs and to comply with the laws           the performance of the BoD Committees has been
and regulations.                                                    overall rather effective. This conclusion was grounded
The BoD Committees are:                                             upon the realisation of the fulfillment of duties and
                                                                    responsibilities of these committees in line
• Asset & Liability Committee (ALCO)                                with the provisions in the BoD Decree, the competence
• Credit Committee                                                  as well as the meeting attendance of the members of
• Credit Remedial Committee                                         the respective committees.




Board of Commissioners
Committees
Audit Committee
Legal Basis of Appointment, Structure, and Composition
The Bank maintains a work guideline for the Audit Committee, based on the Audit Committee Charter No. 1/04/004.02/
III/2024 dated 7 March 2024.
The Audit Committee Charter is regularly reviewed and updated with the regulations. The Charter serves as work guideline
and procedure for Audit Committee members. It details matters related to the composition and structure, membership
criteria, term of office, duties and responsibilities, authorities, work ethics, working hours, working mechanism, meetings, and
reporting of the Audit Committee.
Audit Committee is responsible directly to the BoC, and consists of 3 members, 1 of whom serves as Committee
Chairperson (Independent Commissioner) and 2 members are Independent Parties. Members of the Audit Committee
who are Independent Parties must conduct their duties, responsibilities, and authority with integrity, independence, and
competence, and maintain their reputation.
Audit Committee’s current composition is based on the BoD Decree No. 066/SK-Dir/X/2024 dated 1 October 2024, as
follows:


               Name                            Position in Bank     Position in Committee               Term of Office
 Muhammad Anas Malla                   Independent Commissioner          Chairperson                     2024–2027
 Heru Subroto                          Independent Member                  Member                        2024–2027
 Idewan Diaz                           Independent Member                  Member                        2024–2027



Profiles of Audit Committee Members
MUHAMMAD ANAS MALLA – CHAIRPERSON
His profile is presented in the Board of Commissioners Profiles section in this Annual Report, on page 90.
HERU SUBROTO – MEMBER
Indonesian citizen, 69 years old. He has more than 27 years of experience working at PT Bank Negara Indonesia (Persero) Tbk,
occupying various positions such as IT Audit Group Head, Deputy General Manager Operational Division. Served as IT
Consultant at Koperasi Swadharma (2011–2013), Project Manager and Internal Control at PT SDD Group (2013–2015),

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                                                                                                              Corporate Governance (GCG)




Senior Consultant at PT Mitra Bisnis Ciptakarya, Internal Audit & IT Manager at Persatuan Pensiunan BNI, Audit Committee
Member at Bank Oke Indonesia (2022–present). He earned his Bachelor’s degree from Gadjah Mada University,
Yogyakarta (1982), and Master’s degree in EDP/IT Audit from California State Polytechnic University, California, USA (1991).
IDEWAN DIAZ – MEMBER
Indonesian citizen, 59 years old. Has more than 20 years of work experience at Bank Raya (formerly Bank BRI Agro/ Bank
Agro) (2001–2022), with his last position as Executive Vice President Head of Network Operations and Services Division
(2021) and was appointed as Executive Vice President of Special Staff of the BoD (2022). Served as an Audit Committee
member at BRI Finance (2022–until now). Joined PT Heburinas Appraisal (2000–2001), PT Kuarsa Hexagon Consultan
(1999–2000), PT Dimensi Engineering Contractor (1993–1998), and PT Lampiri Jaya Abadi (1992–1993). Obtained his
Civil Engineering degree from Institut Sains & Teknologi Nasional (ISTN), Jakarta (1992), and Master’s degree in
Accounting from Universitas Indonesia, Jakarta (2001).
Duties and Responsibilities
Audit Committee’s duties and responsibilities are laid out in detail in the Audit Committee Charter. In general, Audit
Committee is responsible for supporting the BoC in the following tasks, including, but are not limited to, reviewing
financial information that will be disclosed by the Bank to the authorities and/or the public; considering the effectiveness
of the Bank’s risk management and internal controls over financial and other reporting, including information technology
security and controls; monitoring, analysing, and evaluating the planning and execution of audits, as well as overseeing
follow-up actions on internal audit findings to assess the adequacy of internal controls; analysing the Bank’s compliance
with regulations to ensure that its business activities adhere to applicable laws and regulations; monitoring and evaluating
the consistency between external auditors’ audit execution and applicable audit standards; and evaluating key issues
highlighted in the quarterly report summary, as presented by Internal Audit and Compliance.
Independence
All members of the Audit Committee meet all independence criteria and are able to perform their duties independently,
uphold the Bank’s interests and are not influenced by any parties. This is evidenced by the membership composition that
consists of 1 Chairperson who is an Independent Commissioner and 2 Independent Parties.
Financial or Familial Relations of Audit Committee Members

                                     Family Relationship with                                            Financial Relationship with
                      Other                                                               Other
                                                                    Controlling                                                            Controlling
       Name         Committee               BoC         BoD                             Committee              BoC           BoD
                                                                    Shareholder                                                            Shareholder
                     Members                                                             Members
                     Yes       No      Yes    No     Yes    No       Yes       No       Yes       No        Yes     No    Yes     No       Yes      No
 Muhammad
                                                                                                                                              
 Anas Malla
 Heru Subroto                                                                                                                                 
 Idewan Diaz                                                                                                                                  


2024 Duties
The Audit Committee performed its roles and responsibilities that included monitoring activities and providing
recommendations. The Audit Committee reports its activities and recommendations to the BoC on a regular basis.
Meetings
In 2024, the Audit Committee held 23 meetings, with the attendance list as follows:

                   Name                                         Physical Attendance                             Percentage of Attendance
 Muhammad Anas Malla                                                     22                                                   96%
 Heru Subroto                                                            23                                                  100%
 Idewan Diaz                                                               5                                                 100%


The Audit Committee meetings in 2024 discussed the following agendas:

 No               Date                                                                    Agenda
   1    23 January 2024               Q4 2023 Internal Audit, Anti-Fraud & Operational Risk Update.
  2     6 February 2024               Closing Meeting Audit with External Audit.
  3     13 February 2024              Credit Remedial: Audit Follow Up.


                                                                                                          PT Bank QNB Indonesia Tbk Annual Report 2024 — 99
Page 100
Board of Commissioners
Committees (continued)
 No              Date                                                         Agenda
  4     13 February 2024            Update Credit Remedial.
                                    • UCan Business Update
  5     20 February 2024
                                    • Protection of Personal Data
  6     27 February 2024            Financial Statements Highlights Q4 2024 (Audited).
  7     26 March 2024               AML/CFT and CPF Q1 2024 Update.
  8     2 April 2024                Update Policy & Procedure.
  9     2 April 2024                Management Letter
 10     23 April 2024               Q1 2024 Internal Audit, Anti-Fraud & Operational Risk Update.
  11    23 April 2024               Financial Statements Q1 2024.
  12    21 May 2024                 Follow Up Progress on Completion of Internal Audit Findings.
  13    11 June 2024                Follow Up on Internal and External Audit Findings.
  14    23 July 2024                Q2 Internal Audit, Anti-Fraud & Operational Risk Update.
  15    30 July 2024                Financial Statements Q2 2024.
  16    7 August 2024               AML/CFT/CPF Q2 2024 Update.
  17    20 August 2024              Appointment/Selection of Public Accounting Firm as Statutory Audit in 2024.
  18    3 September 2024            Appointment of a Public Accounting Firm as Statutory Audit in 2024 (continued).
  19    8 October 2024              Kick Off Meeting Financial Audit 2024 with External Audit.
 20     22 October 2024             Q3 2024 Internal Audit, Anti-Fraud & Operational Risk Update.
  21    25 November 2024            Q4 2024 Regulatory Compliance Division Update.
 22     3 December 2024             Credit Remedial Audit Findings Update.
 23     12 December 2024            Progress Audit for Year 2024.

Competence Development
To enhance the committee’s relevant competences, committee members are encouraged to participate in various
training and development programmes. In 2024, members of the Audit Committee attended the Alignment and Training
of Risk Management Certification, conducted externally.

Remuneration & Nomination Committee
Legal Basis of Appointment, Structure, and Composition
Establishment of the Remuneration & Nomination Committee (RNC) is based on the RNC Charter No. 1/04/003.03/III/2024
dated 7 March 2024.
The RNC Charter is regularly reviewed and updated with the regulations. The Charter serves as work guideline and
procedure for RNC members. It details matters related to the composition, structure, and membership criteria, duties and
responsibilities, work ethics, work procedures, meetings, and reporting of the RNC.
RNC is responsible directly to the BoC, and consists of 3 members, 1 of whom serves as Committee Chairperson
(Independent Commissioner) and 2 members consisting of 1 Commissioner and 1 executive officer in HR.
RNC’s current composition is based on the BoD Decree No. 041/SK-Dir/V/2024 dated 30 May 2024, as follows:


               Name                            Position in Bank         Position in Committee           Term of Office
 Muhammad Anas Malla                   Independent Commissioner              Chairperson                 2024–2027
 Khalid Al-Sada                        Commissioner                            Member                    2024–2027
                                       Talent, Learning, and
 Ruth Theresia                                                                 Member                    2024–2027
                                       Development Head




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Profiles of Remuneration & Nomination Committee Members
MUHAMMAD ANAS MALLA – CHAIRPERSON
His profile is presented in the Board of Commissioners Profiles section in this Annual Report, on page 50.
KHALID AL-SADA – MEMBER
His profile is presented in the Board of Commissioners Profiles section in this Annual Report, on page 48.
RUTH THERESIA – MEMBER
Indonesian citizen, 39 years old. Domiciled in Jakarta, Indonesia. She earned her Bachelor degree in Economic from
Atmajaya University, Jakarta (2008) and Master of Management from PPM Manajemen, Jakarta (2016). Joined the Bank
since 2018 as Rewards and Policies Manager. Currently serves as Talent, Learning and Development Head since
December 2022, and concurrently as Member of the Remuneration and Nomination Committee since January 2023.
Previously worked at PT Roche Indonesia (2015–2018) with last position as Assistant Performance Management &
Compensation Benefit Manager, PT Anugerah Pharmindo Lestari (2013–2015) as HR Compensation & Benefit Analyst,
PT Bank CTBC Indonesia (2010–2013), and PT Takeda Indonesia (2009–2010) as Finance & Accounting Staff.
Duties and Responsibilities
RNC’s duties and responsibilities are laid out in detail in the RNC Charter. In general, RNC is responsible for supporting
the BoC in the following tasks, including but not limited to, evaluating remuneration policies based on performance, risk,
fairness in comparison to peer groups, and the Bank’s long-term goals and strategy; as well as recommending systems
and procedures for the selection and/or replacement of members of the BoD and the BoC to the BoC, to be submitted to
the GMS.
Financial or Familial Relations of RNC Members

                                       Family Relationship with                                            Financial Relationship with
                           Other                                                            Other
                                                                      Controlling                                                           Controlling
       Name              Committee            BoC           BoD                           Committee              BoC           BoD
                                                                      Shareholder                                                           Shareholder
                          Members                                                          Members
                         Yes     No      Yes     No    Yes    No       Yes       No       Yes       No        Yes    No     Yes     No      Yes        No
 Muhammad
                                                                                                                                                 
 Anas Malla
 Khalid Al-Sada                                                                                                                       
 Ruth Theresia                                                                                                                                   


2024 Duties
RNC performed its roles and responsibilities that included the monitoring activities and providing recommendations.
RNC reports its activities and recommendations to the BoC on a regular basis.
Meetings
In 2024, RNC held 27 meetings, with the attendance list as follows:


                  Name                        Physical Attendance                     Video Conference                  Percentage of Attendance
 Muhammad Anas Malla                                    -                                      26                                     96%
 Khalid Al-Sada                                         -                                      27                                    100%
 Ruth Theresia                                          -                                      24                                     89%


In 2024, RNC meetings resulted in the following:
1.   In relation to the Remuneration Function:
     a. Provided recommendation to the BoC related to amount of remuneration.
     b. Assisted the BoC in conducting performance assessment and alignment with remuneration received by each members
        of the BoD and the BoC.




                                                                                                           PT Bank QNB Indonesia Tbk Annual Report 2024 — 101
Page 102
Board of Commissioners
Committees (continued)
2. In relation to the Nomination Function:
    a. Provided recommendation regarding the candidacy of:
       • President Director
       • Finance Director
       • Corporate & Institutional Banking Director
       • Head of Retail Banking
       • Chief Risk Officer
       • Chief Credit Officer
       • Audit Committee member
    b. Provided recommendation regarding the resignation/end of term of office of:
       • President Director
       • Finance Director
       • Audit Committee member
3. In relation to the Governance Function: Reviewed the structure and composition of the BoD and the BoC, including
   the Independent Commissioners, in order to ensure the upholding of GCG practices.
Competence Development
To enhance the committee’s relevant competences, committee members are encouraged to participate in various training
and development programmes. In 2024, members of the Remuneration and Nomination Committee attended
the Alignment and/or Training of Risk Management Certification, conducted externally.

Risk Oversight Committee
Legal Basis of Appointment, Structure, and Composition
Establishment of the Risk Oversight Committee (ROC) is based on the Risk Oversight Committee Charter No. 1/04/005.02/
III/2024 dated 7 March 2024.
The ROC Charter is regularly reviewed and updated with the regulations. The Charter serves as work guideline and
procedure for ROC members. It details matters related to the composition, structure and requirement membership, term
of office, duties and responsibilities, authorities, working mechanism, meetings, and reporting of the members of
the ROC.
ROC is responsible directly to the BoC, and consists of 3 members, 1 of whom serves as Committee Chairperson
(Independent Commissioner) and 2 members who are independent parties. Members of the ROC who are Independent
Parties must conduct their duties, responsibilities, and authority with integrity, independence, and competence,
and maintain their reputation.
ROC’s current composition is based on the BoD Decree No. 040/SK-Dir/V/2024 dated 30 May 2024, as follows:


               Name                            Position in Bank   Position in Committee            Term of Office
 Djoko Sarwono                         Independent Commissioner       Chairperson                    2024–2027
 Tjetjep Hasmitha                      Independent Member               Member                       2024–2027
 Heru Subroto                          Independent Member               Member                       2024–2027



Profiles of Risk Oversight Committee Members
DJOKO SARWONO – CHAIRPERSON
His profile is presented in the Board of Commissioners Profiles section in this Annual Report, on page 49.
TJETJEP HASMITHA – MEMBER
Indonesian citizen, 68 years old. Experienced for more than 30 years at Bank Indonesia (1981–2012), with last position as
Deputy Director/Head of Payroll and Emoluments Division. Was a member of the BLBI Settlement Team (1999–2002).
Has held various positions such as Head of Internal Supervision & Quality Assurance Bureau at the Indonesian Banking
Development Institute (LPPI) (2012–2015), Supervisor at Karya Usaha Mandiri Cooperative (2013–2018), and LPPI
Employee Cooperative (2012–2015). Obtained a Bachelor of Economics degree majoring in Management from Pancasila
University, Jakarta (1984) and a Masters in Management from the same university (1996).
HERU SUBROTO – MEMBER
His profile is presented in the Profiles of Audit Committee Members section in this Annual Report, on page 98.



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                                                                                                                Corporate Governance (GCG)




Duties and Responsibilities
ROC’s duties and responsibilities are laid out in detail in the ROC Charter. In general, ROC is responsible for supporting
the BoC in the following tasks, including but not limited to, overseeing country risk and transfer risk, reviewing the Bank’s
risk management strategy as well as the Risk Appetite and Portfolio Strategy recommended by the Risk Management
Committee, assessing and comparing the portfolio risk profile with the Risk Appetite, recommending the risk framework
and risk policies as well as the control structure in line with the Bank’s strategy, and reviewing and recommending
the principal risks and the Bank’s risk taxonomy identified as part of the Enterprise Risk Management policy and risk
management framework.
Independence
All members of the ROC meet all independence criteria and are able to perform their duties independently, uphold
the Bank’s interests and are not influenced by any parties. This is evidenced by the membership composition that consists
of 1 Chairperson who is an Independent Commissioner, and 2 independent parties.
Financial or Familial Relations of ROC Members

                                       Family Relationship with                                            Financial Relationship with
                           Other                                                            Other
                                                                      Controlling                                                            Controlling
       Name              Committee            BoC         BoD                             Committee              BoC           BoD
                                                                      Shareholder                                                            Shareholder
                          Members                                                          Members
                         Yes     No      Yes     No    Yes    No       Yes       No       Yes       No        Yes    No     Yes     No       Yes      No
 Djoko
                                                                                                                                                
 Sarwono
 Tjetjep
                                                                                                                                                
 Hasmitha
 Heru Subroto                                                                                                                                   

2024 Duties
The ROC performed its roles and responsibilities that included the monitoring activities and providing recommendations.
The ROC reports its activities and recommendations to the BoC on a regular basis.
Meetings
In 2024, ROC held 12 meetings, with the attendance list as follows:

                  Name                        Physical Attendance                     Video Conference                  Percentage of Attendance
 Djoko Sarwono                                         12                                       -                                     100%
 Tjetjep Hasmitha                                      12                                       -                                     100%
 Heru Subroto                                          12                                       -                                     100%



In 2024, the meetings of the Risk Oversight Committee discussed:

 No                 Date                                                                    Agenda
                                        1.		 Risk Appetite Statement Q3 2023 vs. Q4 2023
   1    23 January 2024
                                        2.		 Risk Profile Q4 2023
                                        1.		 Risk Appetite Statement January 2024
  2     27 February 2024
                                        2.		 Risk Profile January 2024
                                        1.		 Risk Appetite Statement February 2024
  3     26 March 2024
                                        2.		 Risk Profile February 2024
                                        1.		 Risk Appetite Statement Q1 2024
  4     30 April 2024
                                        2.		 Risk Profile Q1 2024
                                        1.		 Risk Appetite Statement April 2024
  5     21 May 2024
                                        2.		 Key Risk Indicators April 2024
                                        1.		 Risk Appetite Statement May 2024
  6     25 June 2024
                                        2.		 Key Risk Indicators May 2024


                                                                                                           PT Bank QNB Indonesia Tbk Annual Report 2024 — 103
Page 104
Board of Commissioners
Committees (continued)
 No                Date                                                          Agenda
                                        1.		 Risk Appetite Statement Q1 2024 vs. Q2 2024
  7     30 July 2024                    2.		 Risk Profile Q2 2024
                                        3.		 Key Risk Indicators Q2 2024
                                        1.		 Risk Appetite Statement July 2024
  8     27 August 2024
                                        2.		 Key Risk Indicators July 2024
                                        1.		 Risk Appetite Statement August 2024
  9     24 September 2024
                                        2.		 Key Risk Indicators August 2024
                                        1.		 Risk Appetite Statement Q3 2024
  10    5 November 2024                 2.		 Risk Profile Q3 2024
                                        3.		 Key Risk Indicators Q3 2024
                                        1.		 Risk Appetite Statement October 2024
  11    25 November 2024
                                        2.		 Key Risk Indicators October 2024
                                        1.		 Risk Appetite Statement November 2024
  12    17 December 2024
                                        2.		 Key Risk Indicators November 2024


Competence Development
To enhance the committee’s relevant competences, committee members are encouraged to participate in various
training and development programmes. In 2024, all members of the ROC Committee attended the Alignment and
Training of Risk Management Certification, conducted externally.




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Board of Directors Committees
Asset & Liability Committee
Legal Basis of Establishment
The Asset & Liability Committee (ALCO) is governed under the latest amendment to the BoD Decree
No. 061/SK-DIR/XII/2023 dated 11 December 2023. ALCO is responsible for assisting BOD in managing assets and
liabilities in integrated manner, establishing balance sheet structure and capital, providing recommendation to the BoD to
determine policies established in ALCO meetings, and ensuring the implementation of GCG principles in the bank’s
business activities.
Meeting
ALCO conducted 12 meetings in 2024.
Composition
ALCO consists of members whose functions are relevant to the Bank’s asset and liabilities. The table below lists
the committee members:

                     Membership Structure                                                           Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Chief Risk Officer
 Secretary and Member                                                 Finance Director
 Member                                                               Corporate & Institutional Banking Director
 Member                                                               Chief Credit Officer
 Member                                                               Head of Retail Banking


Duties and Responsibilities
ALCO is primarily tasked to review and advise on strategies, policies, and procedures relating to assets and liabilities
management to the BoD, monitor and review performance of all treasury activities as well as interest rate risk, liquidity risk,
and foreign exchange risk management, review new treasury products, review the latest developments in currency and
interest rate fluctuations, ensure compliance with treasury limits and ratios, monitor developments of interest and foreign
exchange rates in the national and global markets, oversee and determine the most appropriate fund transfer pricing policy
given prevailing market situations.
2024 Duties
Through its meetings in 2024, ALCO conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 105
Page 106
Board of Directors Committees (continued)
Credit Committee
Legal Basis of Establishment
The Credit Committee is governed under the latest amendment to the BoD Decree No. 078/SK-DIR/X/2024 dated
30 October 2024. The Credit Committee is responsible for assisting the BoD in formulating credit policy and making
decisions related to credit proposals within their limits of authority.
Meeting
The Credit Committee conducted 36 meetings in 2024.
Composition
The Credit Committee consists of members whose functions are relevant to the Bank’s lending activities.
The table below lists the committee members:

          Membership Structure                                         Name                       Position in Bank
 Voting Member                                       Nick Groene                       President Director
 Voting Member                                       Dennis Tanu Utomo                 Head of Corporate Banking
 Voting Member                                       Novia Valencia Wibowo             Head of Credit Analyst
 Voting Member                                       Firdaus Effendy                   Chief Credit Officer
 Voting Member                                       Alfiana Gunawan                   Act. Head of Credit Reviewer
 Non-Voting Member                                   Haryuninglistia Setiantini        Credit Risk Officer
 Credit Committee Secretary                          Alfiana Gunawan                   Act. Head of Credit Reviewer

Duties and Responsibilities
The Credit Committee is primarily tasked to approve or reject credit proposals within their limits of authority or type of credit
set by the BoD and review those exceeding the set limits, coordinate with the Assets and Liabilities Committee regarding
credit funding, coordinate with the Credit Policy Committee to develop credit policy and supervise its implementation, as
well as review and approve the introduction of new credit products upon request from the New Product and Activity
Committee related to credit products.
2024 Duties
Through its meetings in 2024, the Credit Committee conducted the duties as per its remit.




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Credit Remedial Committee
Legal Basis of Establishment
The Credit Remedial Committee is governed under the latest amendment to the BoD Decree No. 082 dated 30 October 2024.
The Credit Remedial Committee is responsible for assisting the BoD in managing credit risk in accordance with the Bank’s
risk appetite and making decisions regarding credit proposals in accordance with authority limits.
Meeting
The Credit Remedial Committee conducted 55 meetings and circular resolutions in lieu of meetings in 2024.
Composition
The Credit Remedial Committee consists of members whose functions are relevant to the Bank’s credit recovery activities.
The table below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Voting Member                                                        President Director
 Voting Member                                                        Chief Credit Officer
 Voting Member                                                        Head of Credit Remedial
 Voting Member                                                        Act. Head of Credit Reviewer
 Non-Voting Member                                                    Chief Risk Officer


Duties and Responsibilities
The Credit Remedial Committee is primarily tasked to review and provide recommendations related to credit
restructuring procedures, policies for handling problem loans, and foreclosed assets at the Bank; supervise
the implementation of these procedures; review and approve proposals for credit recovery, problem loans handling, and
foreclosed assets settlement, and ensure their implementation; monitor credit restructuring; and receive periodic reports
from the Credit Remedial work unit regarding the list and status of the Bank’s foreclosed assets.
2024 Duties
Through its meetings in 2024, the Credit Remedial Committee conducted review and approve remedial credit proposals
within established limits, and evaluate the performance of work units responsible for credit proposals and credit reviews.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 107
Page 108
Board of Directors Committees (continued)
Early Alert Committee
Legal Basis of Establishment
The Early Alert Committee is governed under the latest amendment to the BoD Decree No. 079/SK-Direksi/X/2024
dated 30 October 2024. The Early Alert Committee is responsible for staying abreast with the updates of debtor
condition should there be an increase in credit risk, and for anticipating early indication for such situation.
Meeting
The Early Alert Committee conducted 12 meetings in 2024.
Composition
The Early Alert Committee consists of members whose functions are relevant to the Bank’s credit risk management activities.
The table below lists the committee members:

                       Membership Structure                                             Position in Bank
 Chairman and Member                                             Chief Credit Officer
 Alternate Chairman and Member                                   Head of Credit Reviewer
 Member                                                          Corporate & Institutional Banking Director
 Member                                                          Chief Risk Officer
 Alternate Member                                                Portfolio Management Specialist1
 Alternate Member                                                Head of Corporate Banking2
 Alternate Member                                                Head of Credit Remedial3
 Secretary                                                       Credit Reviewer

1. Alternate Member Non Voting
2. Alternate Member Corporate & Institutional Banking Director
3. Alternate Member Head of Credit Reviewer



Duties and Responsibilities
The Early Alert Committee is primarily tasked to conduct tightening supervision, enforce disciplinary actions to relevant
debtors, reduce collectability, conduct restructuring and repackaging actions, transfer to Credit Remedial Team, and
conduct capital reserve actions.
2024 Duties
Through its meetings in 2024, the Early Alert Committee conducted the duties as per its remit.




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                                                                                                        Corporate Governance (GCG)




Risk Management Committee
Legal Basis of Establishment
The Risk Management Committee is governed under the latest amendment to the BoD Decree No. 062/SK-DIR/XII/2023
dated 14 December 2023. The Risk Management Committee is responsible for risk management monitoring and
oversight.
Meeting
The Risk Management Committee conducted 4 meetings in 2024.
Composition
The Risk Management Committee consists of members whose functions are relevant to the Bank’s risk management expertise.
The table below lists the committee members:

                     Membership Structure                                                           Position in Bank
 Chairman and Member                                                  Chief Risk Officer
 Alternate Chairman and Member                                        President Director
 Member                                                               Compliance Director
 Member                                                               Finance Director
 Member                                                               Chief Credit Officer
 Member                                                               Head of Retail Banking
 Member                                                               Act. Head of Operation and Technology
 Secretary and Non-Voting Member                                      Market, Liquidity & Enterprise Risk Function

Duties and Responsibilities
The Risk Management Committee is primarily tasked to monitor and manage the risks of the Bank in an efficient and effective
manner and support the implementation of the Bank’s strategy.
2024 Duties
Through its meetings in 2024, the Risk Management Committee conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 109
Page 110
Board of Directors Committees (continued)
Purchasing Committee
Legal Basis of Establishment
The Purchasing Committee is governed under the latest amendment to the BoD Decree No. 070/SK-DIR/IX/2024 dated
2 October 2024. The Purchasing Committee is responsible for vendor selections, purchase approvals, compliance, risk
assessments, budget reviews, decision making and escalation to the President Commissioner as per financial authorities’
threshold.
Meeting
The Purchasing Committee conducted 4 meetings in 2024.
Composition
The Purchasing Committee consists of members whose functions are relevant to the Bank’s purchasing activities.
The table below lists the committee members:

                       Membership Structure                                         Position in Bank
 Chairman and Member                                           Finance Director
 Alternate Chairman and Member                                 Chief Risk Officer
 Member                                                        Head of Strategy Execution
 Member                                                        Financial Reporting & Cost Control Head
 Secretary and Member                                          Head of General Services


Duties and Responsibilities
The Purchasing Committee is primarily tasked to review and approve vendors based on pre-set criteria, approve
significant purchases as per financial authority matrix, ensure that all procurement activities comply with the Bank’s
policies and relevant regulations, evaluate the risks involved in procurement processes and mitigate any identified risks,
and align procurement activities with approved budgets and financial plans.
2024 Duties
Through its meetings in 2024, the Purchasing Committee conducted the duties as per its remit.




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                                                                                                       Corporate Governance (GCG)




New Products and Activities Committee
Legal Basis of Establishment
The New Products and Activities Committee is governed under the latest amendment to the BoD Decree
No. 034/SK-Dir/VI/2023 dated 12 June 2023. The New Products and Activities Committee is responsible for providing
recommendations to the BoD regarding development of new products and services as well as evaluation and enhancement
of existing products, services and activities of the Bank.
Meeting
The New Products and Activities Committee conducted 5 meetings in 2024.
Composition
The New Products and Activities Committee consists of members whose functions are relevant to the Bank’s new products
and activities. The table below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Chief Risk Officer
 Member                                                               Compliance Director
 Member                                                               Finance Director
 Member                                                               Head of Retail Banking
 Member                                                               Act. Head of Operation and Technology
 Secretary and Member                                                 Head of Operational Risk

Duties and Responsibilities
The New Products and Activities Committee is primarily tasked to supervise the development of new products, services,
and activities and their implementation in line with the Bank’s strategy and business plan, evaluate and approve them, and
evaluate their benefits and risks for the Bank.
2024 Duties
Through its meetings in 2024, the New Products and Activities Committee conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 111
Page 112
Board of Directors Committees (continued)
IT Steering Committee
Legal Basis of Establishment
The IT Steering Committee was established under the latest amendment to previous BoD Decree
No. 053/SK-DIR/X/2023 dated 19 October 2023. The IT Steering Committee is responsible for assisting the BoD by
providing directives and recommendations on information technology (IT) strategies, development, and implementation.
Meeting
The IT Steering Committee conducted 4 meetings in 2024.
Composition
The IT Steering Committee consists of members whose functions are relevant to the Bank’s IT-related activities.
The table below lists the committee members:

                       Membership Structure                                                Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Finance Director
 Secretary and Member                                                 Head of IT
 Member                                                               Treasury & Financial Institution Director*
 Member                                                               Chief Risk Officer
 Member                                                               Head of Retail Banking
 Permanent Invitee                                                    Chief Auditor
 Permanent Invitee                                                    Head of IT Security & Risk Management
 Permanent Invitee                                                    IT Infrastructure Services Head
 Permanent Invitee                                                    Project Delivery Head
 Permanent Invitee                                                    Act. IT Dev. & User Services Head
 Permanent Invitee                                                    IT Strategy & Governance Head

*Officially appointed as President Director based on AGMS 4 December 2024.



Duties and Responsibilities
The IT Steering Committee is primarily tasked to establish strategic framework for managing IT resources, monitor IT
performance and improvements, ensure consistency of IT implementation with the Bank’s strategic objective and the IT
plan, and establish IT budget’s priorities for allocation.
2024 Duties
Through its meetings in 2024, the IT Steering Committee evaluated the Bank’s IT systems, reviewed and made decisions
regarding proposed IT projects while also determined its priorities to ensure that information technology plan is consistent/
in line with the Bank’s strategic objective. The IT Steering Committee also discussed various IT issues including audits,
human resources, and evaluation of technology services providers.




112 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                       Corporate Governance (GCG)




Human Resources Committee
Legal Basis of Establishment
The Human Resources Committee is governed under the latest amendment to the BoD Decree No. 013/SK-DIR/IV/2022
dated 7 April 2022. The Human Resources Committee is responsible for monitoring and providing human resources
support for the implementation of the business strategy.
Meeting
The Human Resources Committee conducted 5 meetings in 2024.
Composition
The Human Resources Committee consists of members whose functions are relevant to the Bank’s human resources
management activities. The table below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Head of Human Resources
 Member                                                               Compliance Director
 Member                                                               Finance Director
 Member                                                               Corporate & Institutional Banking Director
 Member                                                               Chief Risk Officer
 Member                                                               Chief Credit Officer
 Member                                                               Head of Retail Banking
 Secretary/Non-Member                                                 HRBP Head

Duties and Responsibilities
The Human Resources Committee is primarily tasked to ratify the HR strategic plan, ensure the alignment between
HR projects and the HR strategic plan and each project’s planning, ratify HR training and development programmes in
line with the Bank’s needs, minimise the potential of HR-related risk, oversee the HR performance assessment and
improvement, as well as settle various HR-related issues and grievances.
2024 Duties
Through its meetings in 2024, the Human Resources Committee conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 113
Page 114
Board of Directors Committees (continued)
Fraud Oversight Committee
Legal Basis of Establishment
The Fraud Oversight Committee is governed under the latest amendment to the BoD Decree No. 060/SK-DIR/XI/2023
dated 9 November 2023. The Fraud Oversight Committee is responsible for implementing fraud and anti-bribery &
corruption risk management programmes.
Meeting
The Fraud Oversight Committee conducted 4 meetings in 2024.
Composition
The Fraud Oversight Committee consists of members whose functions are relevant to the Bank’s monitoring of fraud and
anti-bribery & corruption risk. The table below lists the committee members:

                       Membership Structure                                        Position in Bank
 Chairman and Member                                       President Director
 Alternate Chairman and Member                             Compliance Director
 Member                                                    Head of Human Resources
 Member                                                    Chief of Risk Officer
 Secretary and Member                                      Head of Financial Crime Compliance
                                                           Vice President Fraud Investigations and Monitoring
 Observer
                                                           Vice President Anti-Fraud Assurance & Strategy


Duties and Responsibilities
The Fraud Oversight Committee is primarily tasked to supervise and guide the fraud risk and anti-bribery & corruption
management programmes, including supervision on the whistleblowing system.
2024 Duties
Through its meetings in 2024, the Fraud Oversight Committee conducted the duties as per its remit.




114 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                       Corporate Governance (GCG)




Credit Policy Committee
Legal Basis of Establishment
The Credit Policy Committee is governed under the latest amendment to the BoD Decree No. 024/SK-Dir/III/2024 dated
20 March 2024.
Meeting
The Credit Policy Committee conducted 1 meeting in 2024.
Composition
The Credit Policy Committee consists of members whose functions are relevant to the Bank’s credit policy formulation
activities. The table below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Chief Credit Officer (CCO)
 Secretary and Member                                                 Head of Credit Policies & Governance
 Member                                                               Corporate & Institutional Banking Director
 Member                                                               Chief Risk Officer
 Member                                                               Head of Retail Banking
 Non Voting Member                                                    Chief Auditor


Duties and Responsibilities
The Credit Policy Committee is primarily tasked to advise the BoD in formulating the credit policy and supervising its
implementation, as well as to monitor the development of credit portfolio, implementation of credit approval, Legal Lending
Limits of the Bank, and compliance with laws and regulations relating to credit.
2024 Duties
Through its meetings in 2024, the Credit Policy Committee conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 115
Page 116
Board of Directors Committees (continued)
Operational Risk Committee
Legal Basis of Establishment
The Operational Risk Committee is governed under the latest amendment to the BoD Decree No. 036/SK-DIR/VII/2023
dated 4 July 2023. The Operational Risk Committee is responsible for supporting the supervision and monitoring of
the implementation of operational risk management in the Bank.
Meeting
The Operational Risk Committee conducted 4 meetings in 2024.
Composition
The Operational Risk Committee consists of members whose functions are relevant to the Bank’s operational risks.
The table below lists the committee members:

                       Membership Structure                                          Position in Bank
 Chairman and Member                                          Chief Risk Officer
 Alternate Chairman and Member                                President Director
 Member                                                       Compliance Director
 Member                                                       Finance Director
 Member                                                       Chief Credit Officer
 Member                                                       Head of Retail Banking
 Member                                                       Act. Head of Operation and Technology
 Member                                                       Head of Human Resources
 Secretary and Member                                         Head of Operational Risk

Duties and Responsibilities
The Operational Risk Committee is primarily tasked to propose operational risk strategies, framework, policies, procedures,
methodologies, tools, and their changes, review the Bank’s operational risk profile and exposure and ensure their adequacy,
approve corrective action plans to improve any control weaknesses and risks, ensure that operational risk control and
monitoring processes are consistent with internal procedures, regulations, and best practices, discuss and deliberate on
operational risk event mitigation, as well as other related issues.
2024 Duties
Through its meetings in 2024, the Operational Risk Committee conducted the duties as per its remit.




116 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                       Corporate Governance (GCG)




AML CFT CPF Committee
Legal Basis of Establishment
The AML CFT CPF Committee is governed under the latest amendment to the BoD Decree No. 025/SK-DIR/III/2024
dated 27 March 2024. The AML CFT CPF Committee is responsible for supervising the implementation of AML-CFT-CPF
and Sanctions Programmes.
Meeting
The AML CFT CPF Committee conducted 4 meetings in 2024.
Composition
The AML CFT CPF Committee consists of members whose functions are relevant to the Bank’s AML CFT CPF and Sanctions
Programmes. The table below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Compliance Director
 Member                                                               Chief Risk Officer
 Member                                                               Corporate & Institutional Banking Director
 Member                                                               Treasury & Financial Institutions Director
 Member                                                               Finance Director
 Member                                                               Head of Retail Banking
 Member                                                               Head of Human Resources
 Member                                                               Head of Operations and Technology
 Secretary and Member                                                 Head of FCC/AML Head

Duties and Responsibilities
The AML CFT CPF Committee is primarily tasked to supervise AML CFT CPF and Sanctions Programmes’ implementation
(including CDD process and Sanctions, control weakness, and other risks of AML CFT CPF), in compliance with the Bank
and QNB Group’s standard, as well as applicable AML CFT CPF laws and regulations to ensure appropriate action is taken
in response to material events, financial crime risk issues or themes that come to AML CFT CPF Committee’s attention.
2024 Duties
Through its meetings in 2024, the AML CFT CPF Committee conducted the duties as per its remit.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 117
Page 118
Board of Directors Committees (continued)
UCan Product Committee
Legal Basis of Establishment
The UCan Product Committee is governed under the latest amendment to the BoD Decree No. 047 dated
21 December 2022. The UCan Product Committee is responsible for providing leadership, direction, oversight across
the planning and execution of products, programmes, services, and activities of UCan digital loan to align with the vision
and strategic direction of the Bank, while ensuring the implementation of good corporate governance principles in every
business activities of the Bank at all levels of the organisation.
Meeting
The UCan Product Committee conducted 5 meetings in 2024.
Composition
The UCan Product Committee consists of members whose functions are relevant to the Bank’s activities related to UCan
initiatives. The table below lists the committee members:

                       Membership Structure                                                 Position in Bank
 Chairman and Member                                                  President Director
 Alternate Chairman and Member                                        Head of Retail Banking
 Member                                                               Finance Director
 Member                                                               Treasury & Financial Institution Director*
 Member                                                               Chief Risk Officer
 Member                                                               Head of Strategy Execution
 Member                                                               Head of Operational Risk
 Member                                                               Head of Budgeting, Planning, and MIS
 Member                                                               Head of Information Technology
 Member                                                               Head of Credit Remedial
 Secretary and Member                                                 Head of Retail Product Management
 Permanent Invitee                                                    Compliance Director
 Permanent Invitee                                                    Chief Auditor
 Permanent Invitee                                                    Head of Regulatory Compliance
 Permanent Invitee                                                    Head of Operations
 Permanent Invitee                                                    Retail Loan Collection Head
 Non-Permanent Invitee                                                Head of Legal
 Non-Permanent Invitee                                                Head of E-Channels
 Non-Permanent Invitee                                                Head of IT Security & Risk Management

*Officially appointed as President Director based on AGMS 4 December 2024.



Duties and Responsibilities
The UCan Product Committee is primarily tasked to ensure good corporate governance towards the process of products,
programmes, services, as well as activities development and aligning them with the Bank’s vision, mission, and business
plan. UCan Product Committee is also responsible to supervise, evaluate, approve, and ensure procedure availability related
to implementation of product, programmes, services, and activities. Lastly, UCan Product Committee evaluates the benefits
and risk to the Bank on the products, programmes, services and activities of UCan.
2024 Duties
Through its meetings in 2024, the UCan Product Committee conducted the duties as per its remit.




118 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                       Corporate Governance (GCG)




Governance, Risk and Compliance (GRC) Committee
Legal Basis of Establishment
The GRC Committee is governed under the latest amendment to the BoD Decree No. 047/SK-DIR/VIII/2023 dated
21 August 2023. The GRC Committee is responsible for reviewing the implementation of risk management, good corporate
governance, and compliance.
Meeting
The GRC Committee conducted 6 meetings in 2024.
Composition
The GRC Committee consists of members whose functions are relevant to the Bank’s responsibilities in implementing
good corporate governance (GCG) principles in every business activity in the Bank at every organisation level. The table
below lists the committee members:

                     Membership Structure                                                          Position in Bank
 Chairman                                                             Compliance Director
 Vice Chairman                                                        Chief Risk Officer
 Secretary and Member                                                 Head of Regulatory Compliance
 Alternate Secretary and Member                                       Compliance Advisory Head
 Member                                                               Chief Auditor
 Member                                                               Head of Financial Crime Compliance
 Member                                                               Head of Corporate Secretary
 Member                                                               Head of Operation Risk

Duties and Responsibilities
The GRC Committee is primarily tasked to disseminate subjects related to GRC to all employees of the Bank,
request the updating and enhancement of policies, regulations, systems, and procedures in the Bank so that they comply
with the provisions of the OJK and the laws and regulations, as well as determine the divisions/work units affected by new
regulations and/or changes thereof, including in terms of the obligation to submit reports and update the policies,
regulations, systems, and procedures in the Bank.
2024 Duties
Through its meetings in 2024, the GRC Committee conducted the duties as per Committee Responsibility.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 119
Page 120
Corporate Secretary
Legal Basis
The Corporate Secretary is directly responsible to the BoD and is under the supervision of the Compliance Director. The holder
of this position is appointed and dismissed based on BoD Decrees. The legal reference for the Corporate Secretary’s
appointment is the BoD Decree No. 005/SK-HMSD-HRBP/V/2018 dated 11 May 2018.

Profile
The Corporate Secretary position is currently held by Indah Mathilda. She is domiciled in Jakarta. The complete profile is
provided in the Executive Management Profiles section, on page 54.

Implementation of Duties in 2024
The Corporate Secretary plays a special role in assisting the BoD and the BoC in:
• Maintaining communication by preserving open and excellent line of communication between the Bank and capital
  market regulators, authorities, investors, and the public through the submission and dissemination of various corporate
  reports, liaising between the BoD, the BoC, and the shareholders, and responding to stakeholders’ inquiries; and
• Implementing corporate governance of the Bank by submitting and publishing information disclosure, helping organise
  the BoD and BoC meetings, the GMS, and corporate actions.
In 2024, the Corporate Secretary discharged her duties in providing and submitting reports/information in a timely,
accurate, and transparent manner, preparing and holding the BoC and BoD meetings in line with the Bank’s regulations and
needs, as well as organising the EGMS and the AGMS.

Corporate Secretary’s Competence Enhancement Programmes in 2024

            Date                                         Training & Seminar                            Type       Organiser
 29 February 2024              Cyber Awareness 2024                                                  E-learning    Internal
 1 March 2024                  Risk Management Level 5 Certification Maintenance Program              Online       External
 28 April 2024                 Risk Awareness 2024                                                   E-learning    Internal
 18 September 2024             Anti-Fraud Learning Forum 2024: Cyber Crime Talk Show                 Workshop      External
 26 September 2024             Risk Awareness Training                                                Offline      Internal
 8 October 2024                Internal Audit 2024                                                   E-learning    Internal
 8 October 2024                Anti-Money Laundering 2024                                            E-learning    Internal
 16 October 2024               Sanction Awareness 2024                                               E-learning    Internal
                               Level I Basic Education Corporate Secretary Profession Standard
 13–14 November 2024                                                                                  Offline      External
                               Workshop Training
 26 November 2024              Anti-Fraud Management & Investigation 2024                            E-learning    Internal
 6 December 2024               Personal Data Protection 2024                                         E-learning    Internal
 17 December 2024              QNB Sustainable Finance Online Course 2024                            E-learning    Internal
 18 December 2024              Risk Management Level 5 Certification & Recertification Examination    Offline      External




120 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights      Reports to Stakeholders    Company Profile       Management Discussion and Analysis                                        Sustainability
                                                                                                               Corporate Governance (GCG)




Internal Audit
The Internal Audit Division provides independent,
objective assurance, consulting and advisory services to add value
and improve the Bank’s operations. The division accomplishes
its role by bringing a systematic and disciplined approach to
evaluate and improve the effectiveness of the organisation’s risk
management, control, and governance processes.
Internal Audit Division is established to examine that                             includes the reporting of internal audit results on
the Bank’s operations in all lines of business, supporting                         the adequacy and effectiveness of the governance
units and branches are conducted according to                                      framework, internal control system and risk management
the highest standards; to provide independent, objective                           process of the Bank.
assurance and consulting activity designed to add value                            Audit reports are submitted to the BoC, Audit Committee,
and improve the Bank’s operations; and to advise the Bank                          President Director, and Compliance Director.
on best practices.                                                                 Internal Audit can submit reports directly to the BoC if
The Internal Audit Division acts professionally and ethically                      communication with the President Director is deemed
in executing its role, by complying with the mandatory                             inappropriate. Chief Auditor is appointed and dismissed
elements of the regulatory requirements, Institute of                              by the President Director after obtaining approval from
Internal Auditor’s International Professional Practices                            the BoC by considering the Audit Committee
Framework and the PT Bank QNB Indonesia Tbk’s policies                             recommendations and reported to OJK.
and procedures and adopting standard guidelines and                                The mission of Internal Audit is to enhance and protect
best practices issued by professional bodies such as                               organisational value by providing risk-based and
the Basel Committee, IIA, ISACA, COSO, etc.                                        objective assurance, advice, and insight.
The Internal Audit Division possesses an Internal Audit
Charter, which have been enhanced to align with                                    Structure & Position
OJK regulations and the Basel Committee on Banking                                 As of end of 2024, the Internal Audit Division had
Supervision’s recommended standards to provide                                     16 employees. All members are experienced professionals
adequate oversight of the Bank’s functions and                                     who are independent and who fulfill all the requirements
approved by the BoC in the form of Bank Circular                                   as internal auditors. The certifications held by these
No. 1/04/007.02/XI/2023 dated 8 November 2023.                                     employees include Risk Management Certification (up to
The Internal Audit Division is headed by the Chief Auditor,                        Level 7), Certified Information Systems Auditor, Certified
who reports directly to the President Director or the BoC                          Information Security Manager, Certified Ethical Hacker,
through the Audit Committee. This responsibility                                   and Qualified Internal Auditor.

Internal Audit Organisational Structure

                                                              President Director (CEO)
     Audit Committee
                                                                    Nick Groene



                                                                      Chief Auditor
                                                                  Romy Yulianto Santoso




                                  Governance, Treasury and
 Retail, Private Banking and                                                                      Corporate Banking &             Follow Up, Methodology
                                     Support Functions               IT & IS Audit Head
  Operations Audit Head                                                                            Credit Audit Head                    & QA Head
                                        Audit Head                     Lius Pritantyo
       R. Andy Yusuf                                                                                       Rianto                        Ko Sutan
                                           Karina




                                  Governance, Treasury and
                                                                                                  Corporate Banking &
 Retail, Private Banking and         Support Functions                IT & IS Auditor
                                                                                                     Credit Auditor
    Operations Auditor                    Auditor                     Arifin Tambunan
                                                                                                      Sri Handayani
       Rini Pratiwindi                 David Handaya                          Lily
                                                                                                    Ellieser Verdian
      Moech. Harianto                   Paimbangon                        Indrajaya
                                                                                                   Ni Nyoman Suryani
                                     Riansa Setya Putra



                                                                                                           PT Bank QNB Indonesia Tbk Annual Report 2024 — 121
Page 122
Internal Audit (continued)
Chief Auditor Profile, Qualifications &                              exposures and control issues, and monitoring follow-up
Competence Development                                               improvements to significant findings.
                                                                7.		 Develop Key Performance Indicators (KPIs) to ensure
The Chief Auditor position is held by Mr. Romy Yulianto
                                                                     the continuous improvement of the Internal Audit.
Santoso, an Indonesian citizen, 46 years old.
                                                                8. Establishment of Internal Audit policies and procedures
His profile is presented in the Executive Management
                                                                     as a guideline of the Internal Audit activities.
Profiles section in this Annual Report, page 53.
                                                                9.		 Permanent attendance in the Audit Committee
He was appointed as the Chief Auditor on                             meetings and provide advice and support whenever
1 July 2020 pursuant to the BoD Decree                               required.
No. 510/SK-HMSD-ES/VII/2020.                                    10. Internal Audit can use the services of external parties
He holds a bachelor’s degree in Accounting from                      in carrying out internal audits which require special
Bina Nusantara University, Jakarta (2001). He is active as           expertise and temporary can be excluded for:
a member of Bank Internal Audit Association (IAIB).                a. Use of external services related to information
His previous positions include Head of Internal Audit at              technology.
Bank KEB Hana (2019), Head of Retail, Branch &                     b. Use of external party services for other matters
Network Audit at Bank Maybank Indonesia (2015–2019),                  based on approval from the OJK.
Head of Consumer Banking Quality Assurance
                                                                   Use of external services for internal audit activities
at Bank Danamon Indonesia (2012–2015), Head of Audit
                                                                   must pay attention to:
Planning, Development & Quality Assurance at Bank
OCBC NISP (2010–2012), as well as various positions at             a. Transfer of knowledge from external parties to
internal audit Bank UOB Indonesia (2001–2010).                        internal audit.
                                                                   b. Use of external party services does not affect
He earned the Indonesia Internal Audit Practitioners
                                                                      the independence and objectivity of the internal
(IIAP) from IIA Indonesia in 2023 and participated in
                                                                      audit function.
audit-related competence development programmes,
                                                                   c. External parties comply with the Internal Audit
including Certified Internal Auditor (CIA) Preparation,
                                                                      Charter.
Understanding COSO 2013 Framework by IIA Indonesia,
                                                                   d. External parties must comply with the Bank’s
Level IV Risk Management Certification from Lembaga
                                                                      audit methodology, processes and
Sertifikasi Profesi Perbankan (LSPP), and Executive
                                                                      documentation, starting from the preparation
Development Programme by Future Leader International.
                                                                      stage to audit reporting.
Chief Auditor Responsibilities and                                 e. External party is not allowed to be a team leader,
                                                                      provide consultancy services on activities that
Accountability
                                                                      contain a conflict of interest, and must comply
The Chief Auditor has the responsibility to:                          with assignment restrictions and the cooling-off
1.   Ensure the implementation of Internal Audit functions            period (maximum of 3 consecutive periods and
     in accordance with the regulatory requirements,                  with a cooling-off period of at least 1 period
     Internal Audit Professional Standards and                        before the Bank can use the same external
     the Internal Audit Code of Ethics;                               service provider).
2.		 Responsible for acquiring human resources with                f. The process of selecting external party services
     appropriate qualifications and skills to ensure that             will be carried out independently, involving related
     Internal Audit possesses the required competence to              parties in accordance with Bank regulations.
     examine all areas in which the Bank operates.                 g. Selected external parties are required to sign
     Moreover, Internal Audit shall promote continuous                a confidentiality agreement for bank data and
     professional development, to make sure that skills and           information.
     knowledge are maintained to a high standard, and              h. The use of external party services for a certain
     supports globally-recognized professional                        period must be reported to the OJK.
     certifications and qualifications so that Internal Audit
                                                                Internal Audit Qualification & Certification
     team members possess the skills and other
     competencies to perform their responsibilities;            Internal auditors in the Internal Audit Division shall meet
3.		 Compile and review the internal audit charter at least     the following requirements:
     once every 3 (three) years;                                1.		 Have integrity and professional conduct,
4.		 Prepare an annual internal audit plan with budget               independent, honest and objective in performing
     allocation for the implementation of internal audit             the duties.
     functions to be approved by President Director and         2.		 Have the knowledge and experience of the technical
     BoC in consideration to Audit Committee’s                       audit, knowledge of management principles,
     recommendation and ensure the implementation of                 processes and activities of the Auditee and other
     the approved internal audit plan;                               disciplines relevant to the field of assignment.
5.		 Report significant findings to the BoD to take             3.		 Have knowledge of the laws and regulations in
     corrective actions and monitor corrective actions for           the banking and capital markets and other related
     significant findings;                                           regulations.
6.		 Periodic reporting to the President Director and BoC       4.		 Have the ability to interact and communicate both
     with a copy to the Audit Committee and director in              verbally and in writing effectively.
     charge of the compliance function on significant risk


122 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                        Corporate Governance (GCG)




5. Comply with the Code of Ethics for Internal Audit.                             Management Division, IT and Information
6.		 Adhere to professional standard released by Institute                        Security Division, and other functions to ensure
     of Internal Auditors (IIA).                                                  that risks are appropriately identified and
7. Maintain confidentiality of information and / or data                          managed.
     of the company, related to performing the duties and                      e. Reporting significant risk exposures and control
     responsibilities of the Internal Audit unless required                       issues, including fraud risks, governance issues,
     by legislation or stipulation of the court.                                  and other matters needed or requested by
8.		 Understand the principles of Good Corporate                                  the President Director and the BoC through
     Governance and Risk Management.                                              the Audit Committee.
9.		 Improve the knowledge, skills and professionalism                         f. Evaluating specific operations at the request of
     abilities continuously.                                                      the President Director and the BoC through
10. Maintain Independence (not performing other tasks,                            the Audit Committee or regulators, as appropriate.
     functions or doing operations activities) at the Bank,               3.		 Provide recommendations for improvement related
     except the Internal Audit operations assigned from                        to the activities reviewed at all levels of Management.
     time to time.                                                        4.		 Prepare the audit report and submit it to
To improve the competence of auditors and objectivity of                       the President Director and the BoC through the Audit
the audit results, the Internal Audit Division employees                       Committee with a copy to the Compliance Director.
participate in various training programmes, both internal                 5.		 Assisting the President Director and the BoC in
and external, seminars, and workshops on an ongoing                            preparing the reporting to OJK regarding:
basis. Moreover, auditors are also undergoing                                  a. The implementation and summary of audit
professional certifications, such as CISA certification                           results including strictly confidential information
and CIA preparation/exam. Competence enhancement                                  of the audit results.
programmes held in 2024 included mandatory training                            b. Findings which may compromise the going
on risk management, anti-fraud, AML, and cybersecurity,                           concern of the Bank.
as well as technical training on report writing,                               c. The external review report outlining
presentation, and global internal audit standards.                                the performance of audit work and its
At present, the Internal Audit Division is supported by                           compliance against implementation standard of
experienced and competent auditors with expertise in                              bank internal audit function as well as corrective
a range of fields, including banking operations, governance,                      actions being performed. The external review is
treasury, and support functions, as well as information                           conducted at least once every 3 years.
technology and information security.                                      6.		 Report immediately any audit findings that could
Duties & Responsibilities                                                      disrupt the Bank’s operations to the President
                                                                               Director and the BoC through Audit Committee.
The Internal Audit Division executes its duties and                       7.		 Monitor audit findings follow-up and report
responsibilities as stipulated in detail in the Internal Audit                 periodically to the President Director and the BoC
Charter. In general, the Internal Audit Division must                          through Audit Committee.
conduct the following:                                                    8. Exercise due professional care in the discharge of its
1.		 Assisting President Director and the BoC through                          responsibilities and must ensure that
     the Audit Committee in preparing and implementing                         the confidentiality of all records and information
     the audit plan, as well as monitoring of audit results.                   accessed in the course of its work is maintained/
                                                                               protected.
2.		 Identify and report on issues, deficiencies or
                                                                          9.		 In cases where Internal Audit is requested to undertake
     weaknesses in Bank's systems and processes
                                                                               reviews involving incidents of major control failure,
     for controlling its activities and managing risks,
                                                                               significant financial losses or fraud, such reviews shall
     through risk-focused examination and assessment of
                                                                               focus on the identification of control gaps,
     specific samples of systems, processes, and controls
                                                                               process weaknesses and areas to strengthen internal
     covering:
                                                                               controls. Concerned divisions, shall be primarily
    a. The adequacy and reliability of systems (including                      responsible for conducting detailed investigations
       the relevant technology) and procedures.                                including the determination of employee
    b. Compliance with corporate objectives, strategies                        accountabilities and necessary legal action and
       and control guidelines issued by management;                            regulatory reporting.
       as well as with laws and regulation, Otoritas Jasa
       Keuangan (OJK), and other regulatory bodies as                     2024 Activities
       may be applicable to the business of the Bank.                     In 2024, the Internal Audit Division carried out
    c. Evaluating the design and effectiveness of                         19 regulatory and regular audits across the Bank’s offices.
       the organisation's risk management, control and                    These audits were conducted based on the Risk-Based
       governance processes.                                              Audit approach, using appropriate techniques for
    d. Performing consulting and advisory services                        document review, interviews, financial analysis and
       related to governance, risk management and                         comparison, confirmation, and data processing. Value-
       control as deemed appropriate by the Chief                         adding audit recommendations, to improve the Bank’s
       Auditor and Audit Committee, including ongoing                     Governance, Risk Management and Internal Control
       collaboration with Compliance Division, Risk                       environment, were given after every audit assignment.


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 123
Page 124
Internal Audit (continued)
The Internal Audit Division met 12 times with the Audit Committee in 2024. The monthly meetings with Audit Committee
were to update the AC members on emerging issues raised by Internal Audit/External Audit or OJK during the year,
related to governance, risk management and internal controls environment in the Bank’s as well as other advisory tasks
undertaken by Internal Audit.

Audit Findings in 2024

 Audit                                               Total Findings           Completed (%)                  In Progress (%)
 Internal (2023)                                                191                      98%                              2%
 Internal (2024)                                               213                       68%                             32%
 External (2024)                                                92                       98%                              2%

Most of the significant findings by the Internal Audit in 2024 had been resolved satisfactorily by the end of the reporting
period.

Quality Assurance and Improvement Programme
The Internal Audit maintains a quality assurance and improvement programme that covers all aspects of the internal audit
activity to increase the effectiveness and efficiency of the internal audit activity and identifies opportunities
for improvement.
As required by OJK Regulations No. 1/POJK.03/2019 and No. 11/POJK.03/2022 and OJK Circular No. 21/SEOJK.03/2017,
in 2023, the Internal Audit has been reviewed in August 2023 by the Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono,
Retno, Palilingan & Partners, with the result “Generally Conforms”. Further review will be carried out in 2026.

2025 Strategy
Going forward, the Internal Audit Division will continue to be a strategic partner for the Bank, by providing reasonable and
objective assurance as well as advisory and consulting services to all the stakeholders. The internal audit planned activities
will continue to be aligned with the key strategic objectives of the Bank as well as evolving regulatory requirements.




Internal Control System
The bank has established an effective internal control system that complies with the prevailing laws and regulations in order
to achieve safe and sound banking activities in order to comply with the provisions of OJK Circular No. 35/SEOJK.03/2017
on the Guidelines for Internal Control System Standards for Commercial Banks. The implementation of the internal control
system carried out by the Compliance Division was through the attention paid to the annual internal control work plan.

Internal Control System Implementation
In 2024, the Bank improved the implementation of the Internal Control System with the “Internal Control Testing
Framework” methodology as a means to review the effectiveness of the Bank’s internal control design which aims to
ensure the Bank’s compliance with statutory provisions including the Bank’s internal provisions, as well as reduce the risk
of losses, deviations, and violations of prudential aspects.
To support the Internal Control implementation, several matters were carried out as follows:
a. Development of Internal Control Repository and Annual Plan to determine key controls of the Bank’s activities.
b. Testing on the design and operating effectiveness of Bank’s activities.
c. Preparation and submission of reports to the BoD and BoC, with the testing results outlined in the Compliance
   Director’s Report.
d. Follow up and monitoring of the commitment from related work units made as a corrective action for ineffective work results.
e. Ongoing risk assessment by identifying and assessing risks, followed by the formulation of a plan in place to manage and
   mitigate those risks. This continuous process to help Bank adapt to new risks and increase accuracy of control testing.




124 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights    Reports to Stakeholders       Company Profile     Management Discussion and Analysis                                        Sustainability
                                                                                                               Corporate Governance (GCG)




Compliance Function
QNB Indonesia implements its banking compliance function in a comprehensive and proactive manner, in line with
OJK Regulation No. 46/POJK.03/2017 and other applicable regulations. The Compliance Directorate, under the Compliance
Director’s supervision, is responsible for ensuring compliance across all of the Bank’s operational activities while fostering
compliance as an ingrained part of the organisational culture at all levels. To support the effectiveness of this function,
the Compliance Directorate is overseen by the BoC through a twice-yearly evaluation of the Bank’s compliance function.
Based on this evaluation, the BoC provides strategic recommendations to the BoD to enhance the quality of
the compliance function.

Structure
The organisational structure of the Bank’s compliance function, as stated in BoD Decree No. 04/SK-DIR/I/2024 dated
9 January 2024 on the Organisational Structure of PT Bank QNB Indonesia Tbk, is as follows:


                                                                         Compliance Director                                                  Directors




                                                                                               Secretary to
                                                                                            Compliance Director




              Head of Regulatory                                       Head of Financial Crime                 Head of Corporate
                 Compliance                                                 Compliance                            Secretary




 Compliance       Compliance           Data                    Anti Fraud                                   Corporate        Corporate        Secretary/
  Advisory          Review          Protection               Management &               AML Head            Secretary        Secretary         Personal
   Head              Head           Specialist             Investigation Head                                Officer          Officer         Assistant




 Compliance       Compliance
                                                       Anti Fraud      Anti Fraud          AML
  Advisory          Review
                                                      Investigator    Management          Officer
   Officer          Officer



The compliance function is carried out independently by                          The Head of Corporate Secretary has been held by Indah
all relevant parties, from the Compliance Director to all                        Mathilda, an Indonesian citizen, since 11 May 2018. She
staffs, without coercion or conflict of interest                                 obtained a Diploma from LPK Tarakanita. She has more
of shareholders, leaders, and management. This is in line                        than 24 years of banking experience, having served in
with the Regulation and Compliance Policy                                        various positions, including Head of Banking Marcom at
No. 2/07-CMPR/146.02/II/2022.                                                    Citibank Indonesia, Head of Marketing for Private Banking,
The Compliance Director’s profile is available in the Board                      Commercial and Branding and Segment Head for Retail
of Directors Profiles section of this Annual Report.                             Banking at PT Bank ANZ Indonesia. She is a member of
                                                                                 Indonesia Corporate Secretary Association (ICSA).
Division Heads Profiles                                                          COMPLIANCE DIVISION
The Head of Regulatory Compliance Division has been                              Strategy
held by Muhammad Habib Ubaidillah since 27 April 2023.
He obtained his Bachelor of Law from Islamic University                          The Compliance Directorate implemented the Compliance
of Indonesia and his Master of Law from Gadjah Mada                              Strategy Map for 2024, effective up to 2025, with
University, with a concentration on Business Law. Prior to                       the theme “Compliance Culture Internalisation to Support
joining the Bank, he had worked in various other banks,                          Sustainable Business and Operation”.
such as PT Bank ICBC Indonesia and PT Bank CTBC                                  Key actions related to this Compliance Strategy Map
Indonesia. He resigned from this position effective from                         encompass the following fields:
October 2024.
                                                                                 1.   Establishing and enhancing a robust reporting and
The Head of Financial Crime Compliance Division, has                                  information system;
been held by Inggrid Ratna Hindiyani since January 2023.                         2. Empowering organisational capacity and internal
She obtained her Bachelor of Economics in Accounting                                  processes;
from Padjajaran University. She previously served as                             3.		 Embedding a compliance culture into the work culture
AMLO CTF Head at PT Bank KEB Hana Indonesia, and                                      and core values; and
in the Regional Financial Crime Advisory, Asia Pacific of                        4. Ensuring the Bank’s compliance with commitments
HSBC Corp. Ltd. Hong Kong.                                                            made to the OJK and other relevant supervisory
                                                                                      authorities.

                                                                                                          PT Bank QNB Indonesia Tbk Annual Report 2024 — 125
Page 126
Compliance Function (continued)
The Compliance Strategy Map’s implementation in 2024                   g. Disseminate internal and external regulations via
included the following activities:                                        email blast; and
                                                                       h. Conduct assessments and reviews of policies,
1.		 Developing a compliance programme to foster
                                                                          internal regulations, BoD Decrees, and forms.
     the Compliance Culture;
2.		 Implementing an automatic reminder system for                  2.		 Compliance Review Function
     submitting reports to regulators;                                 a. Ensure the Bank’s compliance with commitments
3.		 Supporting the achievement of financial targets with                 made by the Bank to BI, OJK, and other
     prudence;                                                            regulators and act as OJK audit liaison officer;
4. Establishing effective collaboration with other work                b. Ensure that reporting reminders submitted via
     units and strengthening organisational capacity;                     COMPLY have been sent and received by
5. Enhancing the effectiveness of internal processes to                   the relevant PIC to avoid potential delays and
     create a reliable, resilient, and disciplined work unit; and         imposition of sanctions;
6 . Conducting dissemination sessions on the latest                    c. Prepare and carry out reporting according to
     regulations.                                                         regulations, for reports that must be made by
Duties and Responsibilities                                                the Compliance Directorate;
                                                                       d. Coordinate data requests from regulators in
The Compliance Function under the Compliance Director                     collaboration with various related divisions;
has the following key duties and responsibilities:                     e. Manage incoming and outgoing correspondence
1.		 Formulating strategies to encourage                                  with OJK, BI, and LPS;
     the implementation of compliance culture;                         f. Prepare and submit other compliance reports if
2.		 Proposing compliance policies and principles to be                   required by Management;
     determined by the BOD;                                            g. Act as a bridge between the Bank and regulators
3. Establishing compliance systems and procedures to                      to build cooperative relationships;
     develop the Bank’s internal regulations and guidelines;           h. Ensure adequate knowledge in relevant banking
4. Ensuring alignment of the Bank’s policies, conditions,                 laws/regulations;
     systems and procedures, and business activities with              i. Strengthen Compliance Culture in all working
     the relevant regulations, as well as evaluating their                units by using the Compliance Self-Awareness
     efficacy, adequacy, and compatibility;                               Questionnaire (CSAQ) as a compliance testing
5.		 Identifying, measuring, monitoring, controlling, and                 implementation that illustrates the effectiveness
     minimising the Bank’s compliance risk to be within                   of the compliance programme; and
     the levels stated in OJK regulations;                             j. Carry out testing on the effectiveness of internal
6.		 Taking precautionary actions whenever necessary; and                 control upon the Bank’s activities.
7.		 Performing other tasks related to the Compliance               3.		 Personal Data Protection Function
     Function.
                                                                       a. Strengthen the Governance Structure by creating
The two subdivisions of the Compliance Directorate has                    policies and procedures related to
the following key duties and responsibilities:                            the Implementation of Personal Data Protection as
1.		 Compliance Advisory Function                                         guidelines for the Bank.
                                                                       b. Ensure the implementation of detection and
    a. Support compliance programmes that have been
                                                                          prevention of unauthorised data disclosure, data
       prepared in the Compliance Strategy Map to
                                                                          leakage, and mishandling of data or inappropriate
       encourage Compliance Culture;
                                                                          access.
    b. Conduct reviews and ensure compliance
                                                                       c. Carry out Record of Process Activities (ROPA) and
       checklists for Basic Bank Products and Advanced
                                                                          Data Leakage Prevention (DLP) as a tool to
       Bank Products are in accordance with OJK
                                                                          identify DLP incidents to mitigate malicious intent,
       regulations and other regulatory provisions.
                                                                          negligence, or unintentional disclosure of data that
    c. Assist business units to follow up on progress in
                                                                          is used properly.
       licensing new products/activities;
                                                                       d. Monitor any data protection practices by design
    d. Ensure fulfillment of Bank’s commitments to BI,
                                                                          and default, data security and data subject rights.
       OJK, and other regulators and serve as a liaison
                                                                       e. Identify violations or deficiencies with respect to
       between the Bank and the regulators to build
                                                                          Data Protection standards.
       a cooperative relationship, especially those related
                                                                       f. Ensure to continue to update regulations relating to
       to licensing new products/activities;
                                                                          Data Protection and follow up on their
    e. Ensure adequate dissemination of new
                                                                          implementation and include them in related policies,
       regulations through various means, including
                                                                          procedures and processes.
       through coordination meetings, communication
                                                                       g. Provide guidance and advice regarding Data
       and providing recommendations as outlined in
                                                                          Protection issues to each stakeholder,
       GRC (Governance, Risk and Compliance)
                                                                          if necessary.
       meetings, email blasts, or by providing regular
                                                                       h. Participate in evaluating the implementation of
       training to related work units;
                                                                          GCG principles with related units.
    f. Provide recommendations/reviews of Bank
       products/activities related to business processes,
       credit, operations and office networks;


126 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                       Corporate Governance (GCG)




2024 Achievements                                                         8. BI Board of Governors Regulation No. 21/2024 on
                                                                              the Second Amendment to BI Board of Governors
                                                                              Regulation No. 11/2023 on the Implementing Regulation
      In 2024, the Bank ensured that                                          of the Macroprudential Liquidity Incentive Policy.
      all policies, internal regulations,                                 9. OJK Regulation No. 5/2024 on Determination of
                                                                              Supervision Status and Resolution of Issues in
      systems, and business                                                   Commercial Banks.
                                                                          10. OJK Regulation No. 12/2024 on the Implementation
      activities complied with                                                of Anti-Fraud Strategies for Financial Institutions.
      applicable regulatory                                               11. OJK Regulation No. 15/2024 on the Integrity of Bank
                                                                              Financial Reporting.
      requirements. Amid the trend                                        12. Deposit Insurance Corporation Regulation No. 2/2024
                                                                              on the Resolution Plan for Commercial Banks.
      in adoption of digitalisation
                                                                          To mitigate compliance risk in 2024, the Regulatory
      and rapid regulatory changes,                                       Compliance Division ensured compliance throughout all

      the Bank had to deal with                                           work units in accordance with the provisions and
                                                                          performed the following:
      challenges in ensuring its                                          1.   Ensuring the Bank’s compliance with OJK regulations
      adherence to new regulations,                                            and statutory provisions by continuously strengthening
                                                                               the Compliance Risk Management culture through
      strengthening its information                                            enhanced effectiveness in implementing a compliance
                                                                               culture. This is carried out on an ongoing basis by
      system to protect customer                                               organising GRC forums with relevant work units,
      data from cyber threats and                                              disseminating new regulations via email blasts through
                                                                               the Compliance News, and regularly providing
      disruptions, and fulfilling                                              compliance-related training to all relevant work units.
                                                                          2.		 Conducting reviews of plans for the implementation
      reporting obligations in line with                                       of new products and activities, as well as
      the latest provisions.”                                                  the discontinuation of products, to ensure the Bank’s
                                                                               compliance with applicable regulations.
                                                                          3.		 Reviewing credit provisions, including new credit
The rise in fraud cases, cybercrime, and online gambling                       issuance, extensions, restructuring, sales of
influenced by macroeconomic conditions also drove                              foreclosed assets (AYDA), and Loan Cessie
the Bank to implement stricter governance and effective                        transactions, in the form of a compliance checklist.
risk management. As part of these efforts, the Bank                       4.		 Developing a compliance checklist related to
strengthened its anti-fraud programme, personal data                           Information Technology, including a checklist for
protection, and the implementation of anti-money                               agreements with IT service providers and a compliance
laundering (AML), counter-terrorism financing (CTF), and                       checklist for the placement of Electronic Systems in
proliferation financing of weapons of mass destruction                         Data Centres and/or Disaster Recovery Centres
(PFWMD) policies.                                                              outside Indonesia, as a guide for relevant work units.
The Bank ensures its compliance with new regulations                      5.		 Conducting reviews to ensure that policies, systems,
issued in 2024 in the banking sector, in particular:                           and procedures issued by the Bank comply with
                                                                               Bank Indonesia (BI), OJK, and other applicable
1.   BI Regulation No. 2/2024 and BI Board of Governors
                                                                               regulations and statutory provisions.
     Regulation No. 24/2024 on Information System
                                                                          6.		 Developing and implementing a Compliance
     Security and Cyber Resilience for Payment System
                                                                               Campaign in the form of reminders sent to all Bank
     Operators, Money Market and Foreign Exchange
                                                                               employees via email blasts, aimed at increasing
     Market Participants, and Other Parties Regulated and
                                                                               awareness of the importance of Compliance Culture
     Supervised by Bank Indonesia.
                                                                               within the Bank.
2.   BI Regulation No. 5/2024 on Competency
                                                                          7.		 Maintaining good relationships with regulators
     Standardisation in the Field of Payment Systems.
                                                                               by ensuring the Bank’s compliance with commitments
3.   BI Regulation No. 6/2024 on Money Market and
                                                                               made to OJK, BI, and/or other relevant supervisory
     Foreign Exchange Market.
                                                                               authorities, as well as ensuring that all reports to
4.   BI Regulation No. 7/2024 and BI Board of
                                                                               regulators are submitted in a timely manner.
     Governors Regulation No. 7/2024 on Foreign
                                                                          8.		 Conducting compliance monitoring by promptly
     Funding Ratio of Banks and its implementing
                                                                               following up on Internal Audit and regulatory findings,
     regulations.
                                                                               ensuring that remedial actions comply with applicable
5.   BI Board of Governors Regulation No. 2/2024 on
                                                                               regulations.
     Primary Dealers.
                                                                          9.		 Strengthening the Compliance Culture by utilising
6.   BI Board of Governors Regulation No. 11/2024 on
                                                                               the CSAQ, which reflects the effectiveness of
     Foreign Exchange Market Transactions.
                                                                               the compliance programme.
7.   BI Board of Governors Regulation No. 13/2024 on
                                                                          10. Monitoring prudential limits and ratios, as determined
     Money Market Transactions.
                                                                               by regulators and/or applicable regulations.

                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 127
Page 128
Compliance Function (continued)
11. Preparing a robust infrastructure through:                       the Bank’s internal control design. This aims to ensure
                                                                     compliance with statutory provisions, applicable
    a. Aligning the Compliance Documentation
                                                                     regulations, and internal Bank policies, while also
       Infrastructure (including policies, procedures,
                                                                     mitigating risks of losses, irregularities, and prudential
       manuals, framework guidelines, and registers) with
                                                                     violations.
       applicable regulations or requirements.
                                                                6.		 Identification of reporting improvements to regulators,
    b. Implementing adequate internal control
                                                                     including:
       mechanisms to prevent the disclosure of
       confidential information, as stipulated in                    a. Implementing the Compliance Reminder System
       regulatory provisions.                                           (COMPLY) for relevant work units on a periodic
                                                                        basis for ad hoc, daily, weekly, monthly, quarterly,
12. Driving the implementation of the Compliance
                                                                        semi-annual, and annual reports, while also
    Monitoring Programme through:
                                                                        reviewing the reporting reminder system to ensure
    a. Reviewing and updating new regulations or                        PICs, deadlines, regulations, and report formats
       amendments in the Compliance Monitoring                          remain up to date, thereby minimising the risk of
       Programme.                                                       errors in report submission.
    b. Proactively identifying, measuring, and                       b. Monitoring the effectiveness of the automated
       implementing preventive actions related to                       reporting reminder system (COMPLY), which has
       compliance matters.                                              been in place since 2021.
13. Conducting testing of the Bank’s Internal Controls to            c. Conducting coordination meetings with relevant
    ensure compliance with statutory provisions,                        work units to discuss imposed fines and ensure
    applicable regulations, and the Bank’s internal policies.           the implementation of internal control
14. Strengthening organisational capacity through:                      mechanisms such as the maker, checker, and
                                                                        approver system in every report submission,
    a. Establishing a Data Protection Function to ensure                in line with regulatory requirements.
       that data protection governance and operational               d. Monitoring regulatory fines to minimise the risk
       activities comply with applicable regulatory                     of repeated errors in the future.
       requirements.
    b. Ensuring the implementation of Personal Data             7.		 Strengthening Compliance Culture, including the use
       Protection through active dissemination via email             of CSAQ to measure the effectiveness of
       blasts to all employees.                                      the compliance programme.
    c. Developing policies and procedures related to            8.		 Monitoring of prudential limits and ratios, as
       Personal Data Protection.                                     stipulated by regulators and/or applicable regulations.

Specifically, aside from the scope of compliance                Evaluation of Compliance Function Efficacy
established for prior years, in 2024 the Bank also
                                                                The Compliance Directorate has carried out its
implemented the following:
                                                                compliance function comprehensively and effectively
1.		 Publication of new or revised internal regulations         throughout 2024, as demonstrated by the Bank’s ability
     through the portal/intranet.                               to maintain its Bank Soundness Level and Corporate
2.		 Dissemination and communication regarding new              Governance Rating at Level 2 (Satisfactory), as well as its
     regulations issued by OJK, BI, and LPS, covering key       Compliance Risk Profile, which remains at Level 2
     topics such as Digital Banking Services Regulations,       (Low to Moderate).
     Implementation of IndONIA as the Reference Rate
     for Rupiah Interest Rates, Assessment of Digital           2025 Action Plan
     Banking Maturity Levels, BI-FAST Implementation,           In line with the Compliance Strategy Map, the Bank
     Consumer and Public Protection in the Financial            plans to engage the following measures in 2025:
     Services Sector, Financial Information Services
     System, Standard Cooperation Agreements (PKS)              1.   Embedding a culture of compliance into the Bank’s
     with IT Service Providers, Macroprudential Liquidity            work culture and values.
     Incentive Policy, Information System Security and          2.		 Managing compliance risks.
     Cyber Resilience, and the monitoring of Recovery           3. Ensuring that the Bank’s policies, provisions,
     Plan and Resolution Plan preparation.                           systems, procedures, and business activities comply
3.		 Compliance Function Dissemination, covering                     with regulatory requirements and applicable laws and
     Compliance Policy, Internal Control Implementation,             regulations.
     Governance, Chinese Walls Policy, Consumer                 4. Ensuring the Bank’s adherence to commitments set
     Protection, Personal Data Protection, and other critical        by OJK and other supervisory authorities.
     regulations.                                               5. Enhancing the effectiveness and efficiency of
4.		 Notification of fines and potential regulatory penalties        the AML system by implementing a single-system AML.
     to the Bank’s management, with copies sent to              6.		 Meeting the dynamic requirements and requests of
     the Human Resources Division via Internal Compliance            regulators related to AML system development to
     Memos, to enhance compliance in regulatory                      maintain the integrity of transaction reporting.
     reporting and prevent similar penalties in the future.     7.		 Updating and implementing the four pillars of
5.		 Implementation of the Internal Control System using             anti-fraud strategy in response to recent updates to
     the Internal Control Testing Framework as                       the local regulation.
     a methodology to assess the effectiveness of

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                                                                                                        Corporate Governance (GCG)




ANTI-MONEY LAUNDERING (AML)                                               ANTI-FRAUD MANAGEMENT AND
To support the implementation of Anti-Money                               INVESTIGATION
Laundering (AML), Counter-Terrorist Financing (CFT),                      In order to prevent fraud, the Bank implements fraud
and Counter-Proliferation Financing of Weapons of Mass                    risk management pursuant to OJK Regulation
Destruction (CPF), as well as Sanctions Programme,                        No. 12/2024 dated 31 October 2024 on Implementation
the Bank has appointed the AML Sub-Division as a part of                  of Anti-Fraud Strategy for Financial Services Institutions.
the Financial Crime Compliance (FCC) Division under                       This regulation will be adopted and effective on
the Compliance Director’s supervision, with the scope of                  1 February 2025.
duties, among others:
                                                                          Fraud risk management is performed by Anti-Fraud
1.   Ensuring a risk-based and robust AML CFT CPF                         Management & Investigation Sub-Division (AFMI),
     framework in line with both regulatory and                           under the Financial Crime Compliance Division and
     international best standards;                                        supervised by the Compliance Director, who is directly
2.		 Developing policies and procedures in accordance                     responsible to the President Director and may
     with regulations and recent developments of AML                      communicate and report directly to the BoD through
     CFT CPF Programme by using a Risk-Based                              the Fraud Oversight Committee (FOC) and the BoC
     Approach (RBA);                                                      through Audit Committee.
3.		 Developing a robust and customised training
                                                                          AFMI applies the following four-pillar strategy of
     programme;
                                                                          anti-fraud:
4. Ensuring reporting mechanisms are in place in line with
     regulatory expectations; and                                         1.		 Prevention
5. Ensuring compliance with all commitments it made                       		 In 2024, AFMI implemented several fraud prevention
     as well as with regulatory reporting to regulators with                 activities to raise anti-fraud awareness, including:
     regard to AML CFT CPF.
                                                                               a. Increasing employee anti-fraud awareness,
To strengthen AML CFT CPF and Sanctions                                           anti bribery and corruption and whistleblowing
Programmes’ implementation, the AML Sub-Division                                  mechanisms by sending email blasts,
engages all relevant stakeholders to ensure compliance                            disseminations, and training programmes, both
and maintain a robust policy/procedure and AML CFT CPF                            for new and existing employees. Anti-fraud
and Sanctions Programmes in adherence to                                          awareness and whistleblowing mechanisms
applicable laws and regulations. This is also to mitigate                         among customers was also raised through
any financial crime risks that might be faced by                                  various marketing tools provided proactively.
the Bank.                                                                      b. Requiring all employees to take mandatory block
The effectiveness of compliance culture is also                                   leaves.
improved by appointing AML Champions functions.                                c. Signing of the integrity pact with an additional
In addition, the Bank conducts regular dissemination via                          clause on online gambling by the BoD.
online meetings regarding new regulations and                                  d. Conducting Anti-Bribery & Corruption Risk
AML CFT CPF and Sanctions training initiatives. An AML                            Assessment, in order to identify the Bank’s
CFT CPF and Sanctions risk assessment had been                                    vulnerabilities to the risk of bribery and
conducted to identify potential control weaknesses and                            corruption, both from within and the external
their mitigation controls, accordingly.                                           environment.
                                                                               e. Updating the policies in line with the applicable
The Bank remains committed to making continuous
                                                                                  regulations.
improvements to its systems related to the AML CFT CPF
and Sanctions Programmes. In 2024, the Bank enhanced                      2.		 Detection
its KYC system called SmartAML to meet regulatory                              a. Performing proactive detection of suspicious
requirements. The Bank also adjusted its AML CFT policy                           transactions.
to comply with POJK 8/2023 on the Implementation of                            b. Implementing Whistleblowing System, whereby
Anti-Money Laundering, Counter-Terrorist Financing, and                           every incident with fraud indication as well as
Counter-Proliferation Financing of Weapons of Mass                                violations reported were recorded by the person-in-
Destruction Programmes in the Financial Services Sector.                          charge (PIC) from AFMI, to be subsequently
With respect to the Sanctions Programme, the Bank                                 investigated.
updated its transaction screening tool to increase                             c. Applying surveillance system that employs
the efficiency and accuracy of the screening process.                             closed-circuit television (CCTV) cameras at
The Bank’s AML CFT CPF Committee meetings took                                    the head office and branches. Monitoring was
place as part of the active monitoring role of the BoD                            conducted on high-risk areas, such as those
and the BoC regarding the AML CFT CPF and Sanctions                               performing financial transactions (at the tellers and
Programmes’ implementation.                                                       ATMs), vaults, etc.
Apart from the above strategic improvement measures,                      3.		 Investigation, Reporting, and Sanction
the Bank continues to update its policies and procedures                  		 In 2024, AFMI resolved 8 alleged case of fraud and
in response to the latest developments in AML CFT CPF                        1 procedural violation case involving internal and
and Sanctions Programmes, and in compliance with                             external parties. These cases have been reported to
new regulations.                                                             OJK in line with applicable provisions.


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 129
Page 130
Compliance Function (continued)
4. Monitoring, Evaluation, and Follow-up
		 The Bank is maintaining fraud incident data, which include type of fraud, date of fraud, amount of loss, and other related
   data; as well as data of the fraud perpetrators, both the Bank’s own employees and external parties.

Internal Fraud in 2024
According to the Report of Anti-Fraud Strategy Implementation in Semester I and Semester II 2024, as submitted to OJK,
there were five internal fraud cases identified in 2024.

                                                                                                                  Number of Cases Involving
                                                            BoC & BoD             Permanent Employees                       Contract Employees
 Internal Fraud                                  2024              2023              2024               2023                2024         2023
 Total internal fraud cases                           -                  -                 5                  -                 -            -
 Settled                                              -                  -                 4                  -                 -            -
 Under internal process                               -                  -                 -                  -                 -            -
 Pending                                              -                  -                 -                  -                 -            -
 Followed up by lawsuit                               -                  -                 1                  -                 -            -




                             Our success is built on trust and compliance, propelling us on a path of sustainable growth.



130 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights    Reports to Stakeholders       Company Profile    Management Discussion and Analysis                                        Sustainability
                                                                                                              Corporate Governance (GCG)




Risk Management
The Bank’s risk management implementation primarily refers to OJK Regulation No. 18/POJK.03/2016 and OJK Circular
No. 34/SEOJK.03/2016, both of which regulate risk management implementation for commercial banks. This effort is
supported by a risk management framework (RMF), which includes risk management governance, risk management
processes, and risk management tools in line with the Bank’s vision, mission and business strategy.
In 2024, the array of risk management measures implemented by the Bank ensured better management of NPL and
Expected Credit Loss (ECL), maintained minimum liquidity requirements, and improved policy/procedure reviews across
the Bank. The Bank also enhanced its regulatory compliance and implemented an IT security tool, Vectra, to control
IT-related risks.

Risk Management Framework
Bank has a framework for managing risk that is effective, comprehensive and consistent. Risks are appropriately identified,
evaluated and managed with full consideration of interrelationships among risks. The risk management framework contains
risk management governance, risk management processes, and risk management tools in line with the Bank’s vision,
mission, and business strategy. The risk framework will be continuously enhanced by adapting the Enterprise Risk
Management (ERM) operating model to incorporate leading risk management principles. Additionally, the BoC and BoD are
responsible for defining risk management framework on Risk Appetite Statement (RAS), while ensuring that detailed
policies pertain to limitations for the organisation towards the Bank’s activities.

Risk Management Governance


                     Board of Commissioners                                                        General Meeting of Shareholders




   Remuneration & Nomination
                                             Risk Oversight Committee
         Committee




         Audit Committee

                                                                                                          Board of Directors




                                                                                        HR Committee                              IT Committee




                                                                                Risk Management Committee                  Asset & Liability Committee




                                                                                      Credit Committee                       Purchasing Committee




                                                                                   New Product & Activities
                                                                                                                           Credit Remedial Committee
                                                                                         Committee




                                                                                 Fraud Oversight Committee                Operational Risk Committee




                                                                                   Credit Policy Committee                    Early Alert Committee




                                                                                    AML CFT Committee                       UCan Product Committee




                                                                                 Governance Risk Compliance
                                                                                        Committee




                                                                                                         PT Bank QNB Indonesia Tbk Annual Report 2024 — 131
Page 132
Risk Management (continued)
A strong risk governance structure ensures effectiveness            practices and conditions are appropriate for
and consistency of risk management framework. At QNB                the business environment. Monitoring includes
Indonesia, the BoC and BoD are responsible for                      the ongoing processes built into the normal, recurring
overseeing, monitoring and managing the risks                       operating activities of the Bank as well as internal and
encountered by the Bank, as well as developing risk                 external audit recommendations.
management culture at all levels of the organisation to          4.		 Report
ensure that all work units understand the Bank’s strategy,
risk appetite, and risk management framework.                    		 Interpret and report on risk and risk taking outcomes,
                                                                    interpret and report on sensitivities and key risk
The BoC is assisted by the Risk Oversight Committee                 indicators, communication with external stakeholders,
(ROC), which is responsible for reviewing all risk areas and        and ensure all risks are comprehensively and regularly
analysing other areas related to risk, mitigation controls,         reported.
and potential losses. The BoC delegates its authority to
the BoD to implement the risk management framework,              5. Manage/Challenge
and the BoD has subsequently established various                 		 Review and challenge the Bank risk profile and risk
committees, including the Risk Management Committee.                appetite, assess risk/return profile of Bank and
In identifying, assessing, monitoring, controlling, and             evaluate new risk/return opportunities, review and
reporting risks, the Bank implements the three lines of             challenge risk management practices, develop
defense approach. In this approach, business units act as           mitigating actions.
the first line of defense; the Risk Management and               ERM is a function under Market, Liquidity & Enterprise Risk
the Compliance Directorate act as the second line of             and responsible for the oversight of risk profile of the Bank.
defense in providing independent monitoring, and
                                                                 ERM’s overall objective is to establish an integrated and
the Internal Audit acts as the third line of defense in
                                                                 effective risk management framework where all risks are
providing independent assurance and consultation.
                                                                 identified, quantified and managed on a consistent basis.
Risk Management Process                                          The functions within ERM include risk type management,
The overall objective of the risk management process in          risk process management (risk identification, assessment
Bank is to ensure shareholder value. Control and policies        and response) and business unit management.
are focused on risks that could prevent the Bank
achieving its business objectives and desired shareholder        Risk Management Tools
value-added.                                                     The development of the Bank’s business plan is based on
All risks are qualitatively evaluated on a recurring basis and   the perspective that a good balance between risk and
wherever practical, the evaluation includes quantitative         benefits must be maintained to achieve long-term growth
analysis. Risk assessments consider the effects of both          for shareholders.
likely and unlikely events.                                      As stated in Risk Appetite Statement (RAS) as well as
In Bank, structured risk assessment takes place in               policies and procedures, Risk Management Tools serves as
an integrated manner across all risk types and businesses        guideline for application of risk management framework.
in accordance with an established risk management                RAS elaborates the level and characteristics of risks taken
framework. A five-step approach consisting of process            by the Bank. The BoC and BoD are responsible to define
elements namely direct, assess, control, report and              RAS while ensuring that detailed policies pertaining to
manage/challenge is followed.                                    limitations for the organisation towards the Bank’s
                                                                 activities have been stated in Risk Management
1.		 Direct                                                      Framework, consistent with RAS and the Bank’s capability.
		 Identify and understand the principal risks acceptable        RAS monitoring are reported periodically to
   to Bank in the pursuit of its strategy, develop risk          the management as well as to the Risk Management
   appetite, establish and communicate the relevant              Committee (RMC) and the Risk Oversight Committee
   control and reporting framework for each risk,                (ROC), to ensure compliance and be rectified if needed.
   including responsibilities, authorities and key
   contributors.                                                 The Bank sets the risk limits by taking into account
                                                                 the capability of its capital to absorb risk exposure,
2.		 Assess                                                      manage potential losses, improve the skills of its human
    Establish process for evaluating each risk, agree on         resources, and comply with the prevailing regulations.
    measurement approach and reporting standards,                In January 2024, the Bank adopted the Simplified
    develop measurement methodologies and models,                Standardised Approach (SSA) method to calculate
    assessment of internal/regulatory capital requirement.       Risk Weighted Assets for Market Risk, in accordance
3.		 Control                                                     with the OJK’s directive. Further, in November 2024,
                                                                 the Bank has delivered the first submission of
    Establish control processes including limit structure,
                                                                 the Recovery Plan document to OJK. The document is in
    provisioning criteria and reporting requirements,
                                                                 line with OJK Regulation No. 5/2024, ensuring
    develop limit structures, key risk indicators and early
                                                                 the prudent and efficient management of extraordinary
    warning indicators for each risk, continuous
                                                                 and unexpected fluctuations in capital, liquidity,
    monitoring of controls and adherence to risk
                                                                 profitability, and assets quality, as well as the ability to
    direction and limits, ensure that risk management
                                                                 execute required actions under extreme-stress conditions.


132 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                        Corporate Governance (GCG)




Risk Management Focus in 2024                                             • Conducting mobility and Disaster Recovery (DR)
                                                                            testing for critical applications to ensure seamless
In 2024, the Bank’s risk management initiatives were
                                                                            business-as-usual (BAU) processes transition to
focused on, among others:
                                                                            alternate sites during disruptions.
• Maintaining loan quality by applying a highly selective                 • Strengthening IT Risk management by setting KRIs for
  approach for both new and existing loans, adhering to                     cyber incidents, IT security system outages, and
  Credit Policy Principles, Risk Acceptance Criteria                        identifying servers with Critical and High vulnerabilities.
  (RAC), and guided by OJK’s directives on blacklisted                    • Monitoring reputational risk through KRIs for media
  industries and restructuring relaxation.                                  publications and complaints, supported by daily
• Monitoring Low Quality Loans (LQL) and restructured                       media monitoring.
  accounts by strengthening the early warning framework,                  • Introducing new Liquidity Risk KRIs to closely track
  supported by Early Alert Committee meetings.                              funding concentration, deposits movement, and overall
• Conducting regular stress tests to measure                                liquidity health, reducing dependency risks across both
  the adequacy of the Bank’s capital and provisions,                        rupiah and foreign currencies.
  especially on Top 20 Debtors and debtors under                          • Reporting funding concentration risks and New-to-Bank
  restructuring scheme.                                                     (NTB) achievements regularly through the Asset &
• Automating and improving processes of calculating                         Liability Committee (ALCO).
  Expected Credit Loss (ECL).                                             • Managing Strategic Risk by setting KRIs to monitor
• Monitoring movements of Top 10 Largest Loan Ratio                         the achievement of profitability targets and business
  (LLR) and ensure reduction of Credit Concentration Risk.                  growth objectives.
• Delivering comprehensive risk awareness training to                     • Develop the Recovery Plan to identify viable recovery
  branches and Head Office employees, covering key                          options under potential extraordinary crisis conditions
  risk areas, Internal Audit, and the Code of Conduct.                      related to Capital, Liquidity, Asset Quality, and
• Implementing mandatory Business Continuity (BC)                           Profitability, in accordance with OJK’s prescribed
  Coordinator training through online e-Learning, ensuring                  regulation.
  annual compliance for appointed coordinators.                           • Provide regular simulation on market and liquidity risk
• Enhancing Operational Risk Key Risk Indicators (KRIs),                    ratios to business unit as part of the advisory duty from
  focusing on personnel-related risks.                                      Market, Liquidity & Enterprise Risk function.

Risks Profile and Mitigation Measures
Bank Risk Profile as at 31 December 2024

                                                                                        Risk Management
 No.     Risk                                          Inherent Risk Rating                 Quality Rating                   Risk Level Rating
   1     Credit Risk                                                         3                                  3                                 3
   2     Market Risk                                                         2                                  2                                 2
   3     Liquidity Risk                                                      2                                  2                                 2
   4     Operational Risk                                                    3                                  3                                 3
   5     Legal Risk                                                          2                                  2                                 2
   6     Strategic Risk                                                      3                                  2                                 2
   7     Compliance Risk                                                     2                                  2                                 2
   8     Reputational Risk                                                   2                                  2                                 2
 Composite Risk                                                                                                                                   2



CREDIT RISK                                                               sectors. Review of credit risk management
                                                                          methodologies, including improving credit policies and
The Bank manages credit risk through the establishment
                                                                          Credit Procedures, especially for Corporate &
of a series of policies and processes that ensure
                                                                          Institutional Banking segment, is carried out continuously.
prudence and thoroughness. Every credit decision is
approved by an authorised credit authority based on                       MARKET RISK
 a loan approval matrix. Developments which may affect
the Bank’s credit portfolio are monitored by the Early                    Oversight of market risk is delegated by the BoD to
Alert Committee to anticipate declining credit quality                    the Asset and Liability Committee (ALCO). Market risk
from the adverse impacts of global economy and US                         exposures primarily relate to interest rate risk in
economy policy. The Bank conducts stress tests on                         the banking book (IRRBB) and FX risks that generally arise
debtors with large exposures regularly, and established                   as a result of the Bank’s day-to-day business activities. Our
guidelines in monitoring loan portfolios such as Industry                 market risk function through Market, Liquidity & Enterprise
Limit and RAS to avoid concentration of risk in certain                   Risk Management monitors all market risks within


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 133
Page 134
Risk Management (continued)
the ALCO-approved delegated authority limits and              LEGAL RISK
product mandates. The market risk limits are set at
                                                              Legal risks are managed on the second line of defense
conservative levels to reflect a limited appetite for this
                                                              by the Legal Division. The Bank is further assisted by
type of risk exposure. IRRBB is measured using
                                                              external law offices to provide legal recommendations
the parameters of Net Interest Income (NII), Economic
                                                              on several agreements including credit agreements
Value of Equity (EVE) and PV01. While in measuring FX
                                                              and collateral arrangements. Legal risk is also
Risk, Bank is using the Net Open Position (NOP) and
                                                              managed by standardising agreements for lending
Value at Risk (VaR).
                                                              and funding, with their related implementation
LIQUIDITY RISK                                                monitored at all times. Dissemination and legal training,
                                                              including legal e-learning, and annual legal
To ensure a sustainable, profitable business and to retain    Risk Awareness training are provided to non-legal
the confidence of the financial markets, the prudent          employees to foster a legal risk awareness culture.
management of liquidity is essential. The responsibility      Litigation cases are handled by independent lawyer and
for liquidity management ultimately resides with              monitored by litigation team. There has been no
the BoD, with day-to-day management oversight being           actual loss arising from the court order faced by
delegated to the ALCO. The risk management oversight          the Bank.
process provides assurance that the Bank’s resources
are sufficient in amount and diversity. This allows for       STRATEGIC AND REPUTATIONAL RISKS
planned and unplanned increases in funding
                                                              The Bank is continually reviewing its strategic plan,
requirements to be accommodated routinely without
                                                              analysing steps that have been done, and ensuring that
material adverse impact on earnings or on the way
                                                              all plans are running in accordance with its mission and
the Bank is perceived in the market. We maintain
                                                              vision. Reputation risk is managed by Customer
 a comprehensive liquidity control framework to manage
                                                              Experience and Corporate Communication, whereby
the Bank’s liquidity and funding risk in a robust manner.
                                                              the Bank has a Contact Center for customers and
Through this framework, we help to control and optimise
                                                              performs consistent media monitoring. External parties,
the risk-return profile of the Bank. The Bank monitors
                                                              i.e. customers, media, or third parties, may submit their
this risk using a number of metrics to ensure that
                                                              complaint via telephone and/or email that will be answered
the risk remains with appetite, including the Liquidity
                                                              by the relevant party according to the subject and
Coverage Ratio (LCR) and the Net Stable Funding Ratio
                                                              the prevailing provisions in the Bank.
(NSFR). Further, the Bank operates within AL/DPK limits
as per OJK requirement and RIM (LDR) threshold as             COMPLIANCE RISK
per BI regulation. In practice, the Bank is also committed
to monitoring the funding concentration risk metrics          Regulatory Compliance Division is responsible for
to avoid over-reliance on a number of specific depositors     managing compliance risks through Governance, Risk,
and present an overview of the potential liquidity risk       and Compliance (GRC) forum, dissemination of new
arising from funding concentration issue. The topic is        regulations or provisions issued by regulators, sending
regularly presented on ALCO meeting and daily Market          email blasts and email reminders of reports through
and Liquidity Risk report to BoD, Treasury & Financial        the Compliance Reminder System (COMPLY) related to
Institution, Business Unit, and Finance.                      reporting obligations for each work units. Regulatory
                                                              Compliance Division also provides reviews and
OPERATIONAL RISK                                              recommendations for internal policies and
                                                              procedures, as well as compliance assessment/opinions
The Bank has its risk appetite and risk tolerance serving
                                                              on new products and activities which will be and/or have
a reference or limit in managing operational risk.
                                                              been implemented by the Bank. In addition, it also
The BoD and BoC play an active role in overseeing
                                                              provides reviews on products terminations and office
operational risk management through related committees.
                                                              network closures. One of the efforts to mitigate
The Bank has adequate organisational tools in line with its
                                                              compliance risk is by monitoring regulatory fines through
business scale and complexity to support operational
                                                              discussions involving related units and disseminating
risk management. At present, there is the Operational
                                                              provisions or regulations if necessary to minimise
Risk Division and IT Security & Risk Division under
                                                              the recurrence of reporting errors in the future.
 the Risk Management, and the Anti-Fraud Management
                                                              The Regulatory Compliance Division ensures that
& Investigation Division under the Compliance
                                                              the implementation of Data Protection is in accordance
Directorate. They have various responsibilities related to
                                                              with applicable laws and regulations, including by
managing operational risk, IT risk, and fraud risk.
                                                              implementing a framework by considering
The Bank also has implemented Operational Risk
                                                              the objectives of Data Privacy and all data processing
Management Policies, Event Loss Data Management,
                                                              activities that occur within the Bank. Regulatory
RCSA, Business Continuity Management, as well as
                                                              Compliance Division has also improved
other standards and transactional limits. Every risk or
                                                              the implementation of the Internal Control System with
risk event identified by Line 1, Line 2 and Internal Audit
                                                              the Internal Control Testing Framework methodology
will be determined as a follow-up improvement or
                                                              to review the effectiveness of the Bank’s internal control
mitigation to minimise and mitigate the risk as well as to
                                                              design which aims to ensure the Bank’s compliance
prevent the recurrence of events in the future. Training
                                                              with regulatory provisions including the Bank’s
to enhance employees’ operational risk awareness is
                                                              internal provisions.
regularly conducted.


134 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                        Corporate Governance (GCG)




RISKS RELATED TO SUSTAINABLE FINANCE                                      July 2025. The pre-planned CSRT is directly aligned
IMPLEMENTATION                                                            with the Bank’s intention to focus on sustainable sectors
                                                                          and renewable energy in the long run.
For sustainable finance, the Bank has strengthened
a comprehensive and integrated risk management                            Additionally, as part of the attempt to improve risk
framework with stringent internal control.                                awareness and escalation process throughout all levels
The integrated risk management framework outlines                         within the Bank, the Risk Champion Programme and
a structured approach to identifying, assessing, and                      Risk Forum will be introduced. Each directorate will be
managing risk that align with sustainable development                     represented by at least one risk champion during
objectives. It integrates traditional risk factors with                   the pre-planned bi-monthly forum. The forum will be
environmental, social, and governance (ESG) criteria,                     the central platform for all employees to express their
ensuring that the Bank is resilient to both financial and                 concern and voice their suggestion to improve risk
sustainability-related challenges. The Bank also reviews                  management control and monitoring within the Bank.
its portfolio management strategy for each debtor and
prospective debtor, ensuring ownership of Environmental
Impact Analysis (AMDAL) and compliance with
the Company Performance Rating Assessment Programme
in Environmental Management (PROPER), placing
an emphasis on environmental sustainability when giving
credit approvals. As part of its long-term strategy, the Bank
aims to focus on sustainable sectors and renewable energy.
The Bank is developing the Environmental and Social Risk
Management (ESRM) Policy Framework and preparing for
the implementation of Climate Risk Stress Testing (CRST),
which must be submitted to OJK by July 2025.

Evaluation on Risk Management Effectiveness
Evaluation and review of RMF is carried out internally and
externally to measure its efficacy. The RMC is the highest
risk committee, and the Audit Committee functions as
an internal party responsible for reviewing policies and
implementing the RMF. They also provide advice and
recommendations to the BoC as part of oversight
function. Internal Audit periodically reviews and examines
application of risk management based on the principle of
risk-based audit. Externally, the Bank’s risk management
is evaluated by external auditors and regulators.
As of December 2024, based on the Bank’s internal
assessment, the overall Bank’s quality of risk management
implementation was rated 2 (Satisfactory).
Based on this result, the BoD evaluated that the Bank’s
existing risk management system is adequate to oversee
and manage all the risks from its current business
undertakings.

Risk Management Initiatives for 2025
The Bank plans to continue strengthening its Third Party
Risk Management (TPRM) framework to manage
potential operational risks from third-party engagements.
The Risk and Control Self-Assessment (RCSA)
implementation will be ongoing, alongside efforts to
promote risk management awareness across branch
networks and the Head Office.
The Bank will review its risk appetite and KRIs in line with
the Bank’s Business Plan, with further development of
KRIs to be initiated. Additionally, the Bank focuses on
enhancing internal control in Line 1, in collaboration with
Risk, Compliance, and Internal Audit departments, while
ensuring timely updates to policies and procedures as
part of its governance framework.
The Bank will develop Climate Risk Stress Testing
(CRST) for 2024 and plan to submit the result to OJK by


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 135
Page 136
Risk Management (continued)
Disclosure of Credit Quality to Assets -
Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                          Gross Carrying
                                                     Allowance
                                                Amount      for                        CKPN
                                                    Impairment                                       CKPN
                                Matured Outstanding      Assets       Stage 2 and                      (IRB           Net
                                 Claims      Claims     (CKPN)            Stage 3     Stage 1     Approach)        Amount
 1   Credit                     448,223         8,054,957   479,684       427,196     52,488                -    8,023,496
 2 Securities                             -     2,065,635         -             -            -              -    2,065,635
   Administrative
 3 Account                                -             -         -             -            -              -              -
   Transactions
 4 Total                        448,223        10,120,592   479,684      427,196      52,488                -    10,089,131


Disclosure of Changes in Credit and Securities Claims (CR2) -
Bank Unconsolidated
Position at December 2024
(in million Rupiah)




 1   Matured Credit and Securities in the last reporting period                                                    463,584
 2 Matured Credit and Securities since the last reporting period                                                    40,370
 3 Credit and Securities which reversed to Outstanding Claims                                                      466,273
 4 Write off Amount                                                                                                       3
 5 Other Changes                                                                                                   410,545
 6 Matured Credit and Securities at the end of the reporting period (1+2-3-4+5)                                    448,223


ADDITIONAL DISCLOSURES ON THE QUALITY OF CREDIT ON ASSETS (CRB)
1.		 Measurement of Expected Credit Losses (KKE)
     The main inputs for the measurement of expected credit losses (KKE) are the following variables:
     1) probability of default (PD);
     2) loss given default (LGD); and
     3) exposure at default (EAD).
		 These parameters are generally derived from internally developed statistical models and other historical data.
   These parameters are adjusted to reflect forward-looking information as described above.
		 PD estimates are estimates on a certain date, which are calculated based on a statistical ranking model regarding
   the magnitude of the probability that default will occur within a certain time period. This statistical model is primarily
   based on internally compiled data consisting of quantitative and qualitative factors and supplemented with external
   credit assessment data where available.
		 LGD is the size of the possible loss should a payment default occur. The Bank estimates LGD parameters based on
   LGD benchmarked internally. The LGD model considers the estimated collateral value and recovery costs of each
   collateral that is an integral part of a financial asset.




136 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                           Corporate Governance (GCG)




       EAD represents the expected exposure in the event of default. Banks derive EAD from current exposure to
       counterparties and potential changes to current value permitted under the contract including amortisation. The EAD
       of a financial asset is
       the gross carrying amount. For credit commitments and financial guarantees, the EAD includes the amount drawn, as
       well as the potential amount that can be drawn in the future under the contract, estimated based on historical
       observations and forward-looking estimates.
		 The calculation of reserves for impairment losses will be calculated according to each risk level (staging), namely for
   the next 12 months for stage 1 (performing), as well as over the life of the bill (lifetime) for stage 2 (underperforming)
   and stage 3 (non-performing).
2.		 Forward-looking information
       The Bank uses statistical models to incorporate macro-economic variables (MEV) on historical default rates.
       The methodology and assumptions involved, including forecasts of future economic conditions, are reviewed
       periodically.



Table 1.1. Disclosure of Net Claims by Region -
Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                                                           Net Claims by Region
                                                                                                        Eastern
 No      Portfolio Category                                       Jakarta          Sumatra              Regions                Java              Total
 (a)     (b)                                                            (c)               (d)                  (e)               (f)                (g)
   1     Claims against Government                             3,586,305                     -                   -                  -     3,586,305
  2      Claims against Public Sector Entities                   500,000           289,993                       -                  -        789,993
  3      Claims against Multilateral Development
                                                                           -                 -                   -                  -                  -
         Banks and International Institutions
  4      Claims against Banks                                     361,673                    -                   -                  -        361,673
  5      Claims in the Form of Covered Bonds                               -                 -                   -                  -                  -
  6      Claims against Securities Companies and
                                                                1,946,080         350,000                        -                  -    2,296,080
         Other Financial Services Institutions
  7      Claims in the Form of Securities/
         Subordinated Loans, Equity, and Other                             -                 -                   -                  -                  -
         Capital Instruments
  8      Loans with House as Collateral                             5,034               1,174                    -             8,181           14,389
  9      Loans with Commercial Buildings as
                                                                    6,606           718,983                      -          59,862           785,451
         Collateral
  10     Loans for Procurement of Lands,
                                                                           -                 -                   -                  -                  -
         Cultivation of Lands, and Constructions
  11     Personal Employee/Retiree Loans                                   -                 -                   -                  -                  -
  12     Claims against Micro and Small
                                                                  30,392              12,109                   35           76,398            118,934
         Enterprises and Retail Portfolio
  13     Claims against Corporations                             2,984,118        1,589,315                      -       1,685,387        6,258,820
  14     Matured Claims                                           192,836             9,608                      -           15,875           218,319
  15     Other Assets                                             733,284            22,859                      -         64,366           820,509
 Total                                                         10,346,328        2,994,041                     35       1,910,069        15,250,473




                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 137
Page 138
Risk Management (continued)
Table 1.2. Disclosure of Net Claims by Economic Sector -
Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                                                             Claims
                                                                                      Claims                                against
                                                                                     against                             Securities
                                                                    Claims      Multilateral                           Companies
                                                                   against    Development                  Claims in     and Other
                                                          Claims    Public        Banks and     Claims   the Form of      Financial
                                                         against    Sector    International    against      Covered       Services
 No      Economic Sector                             Government    Entities     Institutions    Banks         Bonds    Institutions

 (a)     (b)                                                 (c)       (d)               (e)       (f)           (g)            (h)
  1      Agriculture, Forestry and Fisheries                   -          -                -         -             -              -
  2      Mining and Extractive Industries                      -          -                -         -             -              -
  3      Processing Industry                                   -          -                -         -             -              -
  4      Procurement of Electricity, Gas,
                                                               -   500,000                 -         -             -              -
         Steam/Hot Water and Cold Air
  5      Water Management, Waste Water
         Management, Waste Management
                                                               -          -                -         -             -              -
         and Recycling, and Remediation
         Activities
  6      Construction                                          -   289,993                 -         -             -              -
  7      Wholesale and Retail Trade; Car and
                                                               -          -                -         -             -              -
         Motorcycle Repair and Maintenance
  8      Transportation and Warehousing                        -          -                -         -             -              -
  9      Hotel and Food & Beverage                             -          -                -         -             -              -
 10      Information and Communication                         -          -                -         -             -              -
  11     Financial and Insurance Activities           3,586,305           -                -   361,673             -    2,296,080
 12      Real Estate                                           -          -                -         -             -              -
 13      Professional, Scientific and Technical
                                                               -          -                -         -             -              -
         Activities
 14      Rental and Leasing Activities Without
         Option Rights, Employment, Travel                     -          -                -         -             -              -
         Agents and Other Business Support
 15      Government Administration, Defense
                                                               -          -                -         -             -              -
         and Compulsory Social Security
 16      Education                                             -          -                -         -             -              -
 17      Health and Social Activities                          -          -                -         -             -              -
 18      Arts, Entertainment and Recreation                    -          -                -         -             -              -
 19      Other Services                                        -          -                -         -             -              -
 20      Hospitality Activities as an Employer;
         Activities That Produce Goods and
                                                               -          -                -         -             -              -
         Services by Households to Meet
         Personal Needs
 21      International Organisations and Other
         Extra International Organisations                     -          -                -         -             -              -
         Activities
 22      Hospitality                                           -          -                -         -             -              -
 23      Non-Other Business Field                              -          -                -         -             -              -
 24      Miscellaneous                                         -          -                -         -             -              -
 Total                                                3,586,305    789,993                 -   361,673             -   2,296,080


138 — PT Bank QNB Indonesia Tbk Annual Report 2024
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2024 Highlights         Reports to Stakeholders      Company Profile    Management Discussion and Analysis                                         Sustainability
                                                                                                                  Corporate Governance (GCG)




            Claims
    in the Form of                                                                                 Claims
       Securities/                                               Loans for                        against
    Subordinated                                              Procurement                      Micro and
            Loans,                           Loans with          of Lands,                          Small
       Equity, and          Loans with      Commercial       Cultivation of      Loans to     Enterprises              Claims
    Other Capital            House as       Buildings as        Lands, and    Employees/       and Retail             against        Matured           Other
      Instruments            Collateral       Collateral     Constructions     Pensioners       Portfolio        Corporations         Claims          Assets

                  (i)                 (j)             (k)               (l)            (m)               (n)                 (o)           (p)             (q)
                   -                    -          34,113                 -               -                  -                 -               -              -
                   -                    -                -                -               -                  -        1,477,203                -              -
                   -                    -         40,100                  -               -              47          2,895,458        145,928                 -

                   -                    -         214,221                 -               -                  -                 -               -              -



                   -                    -                -                -               -                  -                 -               -              -


                   -                    -                -                -               -                  -                 -               -              -

                   -                    -                -                -               -             123            352,864         48,467                 -

                   -                    -                -                -               -                  -                 -       13,730                 -
                   -                    -         496,122                 -               -                  -                 -         2,219                -
                   -                    -                -                -               -                  -        1,110,802                -              -
                   -                    -                -                -               -                  -                 -               -              -
                   -                    -                -                -               -                  -         324,796                 -              -

                   -                    -                -                -               -                  -                 -               -              -


                   -                    -                -                -               -                  -           97,697          7,918                -


                   -                    -                -                -               -                  -                 -               -              -

                   -                    -                -                -               -                  -                 -               -              -
                   -                    -                -                -               -                  -                 -               -              -
                   -                    -                -                -               -                  -                 -               -              -
                   -                    -                -                -               -                  -                 -               -              -


                   -                    -                -                -               -                  -                 -               -              -



                   -                    -                -                -               -                  -                 -               -              -


                   -             14,389              895                  -               -         118,764                    -            57                -
                   -                    -                -                -               -                  -                 -               -              -
                   -                    -                -                -               -                  -                 -               -   820,509
                   -            14,389            785,451                 -               -        118,934          6,258,820         218,319      820,509


                                                                                                             PT Bank QNB Indonesia Tbk Annual Report 2024 — 139
Page 140
Risk Management (continued)
Table 1.3. Disclosure of Net Claims by Remaining Contract
Time - Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                                      Net Claims by Remaining Contract Time
                                                                                      >1-3      >3-5                            Non-
 No      Portofolio Category                                       ≤ 1 year           years     years      > 5 years      contractual           Total
 (a)     (b)                                                           (c)              (d)          (e)         (f)              (g)             (h)
  1      Claims against Government                               3,176,092                 -           -              -       410,213      3,586,305
  2      Claims against Public Sector Entities                    500,000                  -           -   289,993                     -     789,993
  3      Claims against Multilateral Development Banks and
                                                                          -                -           -              -                -            -
         International Institutions
  4      Claims against Banks                                     322,854                  -           -              -        38,819        361,673
  5      Claims in the Form of Covered Bonds                              -                -           -              -                -
  6      Claims against Securities Companies and Other
                                                                 1,479,558          480,359    336,163                -                -
         Financial Services Institutions
  7      Claims in the Form of Securities/Subordinated Loans,
                                                                          -                -           -              -                -
         Equity, and Other Capital Instruments
  8      Loans with House as Collateral                                102              678     3,595         10,014                   -      14,389
  9      Loans with Commercial Buildings as Collateral              65,572                 -   35,009       684,870                    -     785,451
 10      Loans for Procurement of Lands, Cultivation of Lands,
                                                                          -                -           -              -                -
         and Constructions
  11     Personal Employee/Retiree Loans                                  -                -           -              -                -            -
 12      Claims against Micro and Small Enterprises and Retail
                                                                   103,016            12,138    3,780                 -                -      118,934
         Portfolio
 13      Claims against Corporations                             5,190,578          702,795     40,651      324,796                    -   6,258,820
 14      Matured Claims                                           208,445             9,874            -              -                -      218,319
 15      Other Assets                                                     -                -           -              -     820,509         820,509
 Total                                                           11,046,217 1,205,844          419,198 1,309,673            1,269,541 12,954,393




Table 1.4. Disclosure of Claims and Reserves by Region -
Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                                                                             Region
 No      Portofolio Category                                         Jakarta            Sumatra      East Region               Java             Total
 (a)     (b)                                                                  (c)              (d)             (e)               (f)              (g)
  1      Claims                                                    10,481,649           3,186,757               36        2,009,237        15,677,679
  2      Impaired Claims
         a. Outstanding                                                11,734          1,001,904                 -          351,488         1,365,126
         b.    Matured                                               322,312              37,293                  1          88,617         448,223
  3      CKPN- Stage 1                                                32,009               12,467                -           17,338            61,814
  4      CKPN- Stage 2                                             41,073,00              165,112                -        26,583,00         232,768
  5      CKPN- Stage 3                                                94,248              27,604                  1          72,585          194,438
  6      Written-Off Claims                                                    3                 -               -                 -               3


140 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 141
2024 Highlights        Reports to Stakeholders   Company Profile       Management Discussion and Analysis                                         Sustainability
                                                                                                                Corporate Governance (GCG)




Table 1.5. Disclosure of Claims and Reserves by
Economic Sector - Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                    Impaired Claims
                                                                                                             CKPN        CKPN        CKPN         Written -
 No      Economic Sector                                   Claims      Outstanding           Matured        Stage 1     Stage 2     Stage 3      Off Claims

 (a)     (b)                                                   (c)                (d)              (e)            (f)        (g)          (h)              (i)

  1      Agriculture, Forestry and Fisheries               36,153             36,153                  -             -     2,040              -               -

  2      Mining and Extractive Industries               1,477,203                   -                 -        7,337            -            -               -

  3      Processing Industry                             3,118,231            43,413          181,283        26,163      36,698              -               -

  4      Procurement of Electricity, Gas, Steam/
                                                           714,221                  -                 -       3,945             -            -               -
         Hot Water and Cold Air

  5      Water Management, Waste Water
         Management, Waste Management and                          -                -                 -             -           -            -               -
         Recycling, and Remediation Activities

  6      Construction                                    418,208             417,224              920               -   127,232          983                 -

  7      Wholesale and Retail Trade;
         Car and Motorcycle Repair and                   504,314                    -          151,327         1,823            -   102,860                  -
         Maintenance

  8      Transportation and Warehousing                   40,296                    -         40,296                -           -    26,566                  -

  9      Hotel and Food & Beverage                        551,327            515,961           15,604             17     39,602       13,384                 -

 10      Information and Communication                   1,110,802                  -                 -       7,346             -            -               -

  11     Financial and Insurance Activities            6,244,058                    -                 -      12,564             -            -               -

 12      Real Estate                                     350,075            350,075                   -             -    25,279              -               -

 13      Professional, Scientific and Technical
                                                                   -                -                 -             -           -            -               -
         Activities

 14      Rental and Leasing Activities Without
         Option Rights, Employment, Travel                130,513                   -          32,816           240             -    24,898                  -
         Agents and Other Business Support

 15      Government Administration, Defense
                                                                   -                -                 -             -           -            -               -
         and Compulsory Social Security

 16      Education                                                 -                -                 -            -            -            -               -

 17      Health and Social Activities                              -                -                 -            -            -            -               -

 18      Arts, Entertainment and Recreation                        -                -                 -            -            -            -               -

 19      Other Services                                            -                -                 -            -            -            -               -

 20      Hospitality Activities as an Employer;
         Activities That Produce Goods and
                                                                   -                -                 -            -            -            -               -
         Services by Households to Meet
         Personal Needs

 21      International Organisations and Other
         Extra International Organisations                         -                -                 -            -            -            -               -
         Activities

 22      Hospitality                                      161,769             2,300            25,977         2,379         1,917     25,747                 -

 23      Non Other Business Field                                  -                -                 -            -            -            -               -

 24      Miscellaneous                                   820,509                    -                 -            -            -            -              3

 Total                                                15,677,679          1,365,126          448,223         61,814     232,768     194,438                 3



                                                                                                            PT Bank QNB Indonesia Tbk Annual Report 2024 — 141
Page 142
Risk Management (continued)
Table 1.6. Disclosure of Claims by Number of Days
Outstanding - Bank Unconsolidated
Position at December 2024
(in million Rupiah)


                                                                                                 Claims by Number of Days Outstanding
                                                                          > 90 days up   > 120 days up
 No    Type of Exposure                                                    to 120 days     to 180 days       > 180 days             Total
 (a)   (b)                                                                         (c)              (d)              (e)              (f)
  1    Credit included in Matured Claims                                         323         389,745              38,108         428,176
  2    Securities included in Matured Claims                                         -                -                -                -
 Total                                                                           323         389,745              38,108         428,176



Table 2.1. Disclosure of Performing and
Non-Performing Assets
Position at December 2024
(in million Rupiah)


                                                                                                    Non-Performing (KL, D, M Quality)

                                            Performing                                                             Not Impaired Claims
                                    (L and DPK Quality)           Impaired Claims         Past Due > 90 Hari         Past Due ≤ 90 Hari
                                     Gross                       Gross                     Gross                     Gross
                                   Carrying                    Carrying                  Carrying                  Carrying
                                   Amount             CKPN     Amount          CKPN      Amount           CKPN     Amount         CKPN
                                           (a)           (b)        (c)           (d)         (e)           (f)            (g)        (h)
  1    Securities                2,065,635                 -          -             -           -             -              -          -
  2    Credit                    8,274,346           310,606   228,834       168,555            -             -              -          -
       a. Corporation            8,243,334           307,032   200,746        142,174           -             -              -          -
       b. Retail                      31,012           3,574    28,088        26,381            -             -              -          -
       Administrative
  3    Account                   2,406,012             9,852          -             -           -             -              -          -
       Transactions




142 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 143
2024 Highlights     Reports to Stakeholders      Company Profile         Management Discussion and Analysis                                           Sustainability
                                                                                                                   Corporate Governance (GCG)




Table 2.2. Disclosure of Performing and Non-Performing
Restructuring Assets
Position at December 2024
(in million Rupiah)


                                        Performing        Non-Performing
                                        (L and DPK            (L and DPK
                                            Quality)              Quality)                        Stage 1                     Stage 2                  Stage 3
                                  Gross                Gross                     Gross                           Gross                Gross
                                Carrying             Carrying                  Carrying                        Carrying             Carrying
                                Amount          CKPN Amount               CKPN Amount              CKPN        Amount          CKPN Amount               CKPN
                                        (a)        (b)             (c)        (d)           (e)        (f)             (g)        (h)           (i)            (j)
  1    Securities                         -           -              -           -            -           -               -          -            -              -
  2    Credit                  1,384,451 219,367          183,202 124,852              19,830          24 1,326,693 193,462               221,130 150,734
       a. Corporation         1,384,364 219,353            181,071 124,437             19,763           17 1,326,673 193,455             218,999 150,319
       b. Retail                        87          14        2,131           415           67           7             20            7       2,131           415
       Administrative
  3    Account                            -           -              -           -            -           -               -          -            -              -
       Transactions


QUALITATIVE DISCLOSURES RELATED TO CREDIT RISK MITIGATION TECHNIQUES (CRC)
To disclose the collateral evaluation and management process, the Bank uses data registered in the Bank’s records for
collateral and carries out inventory checks by comparing the data with original documents kept by the Bank. This evaluation
process is carried out regularly and Bank records will always be updated for any changes and supporting documentation will
be stored properly by the Bank.
Based on regulatory regulations, there are three types of Credit Risk Mitigation (MRK) Techniques that are recognised
and can be used by Banks, namely Collateral Technique, Guarantee Technique, and Credit Guarantee/Insurance Technique.
Currently the Bank does not have a concentration on one particular MRK technique, because the Bank does not have exposure
to all three types of MRK techniques that are recognised in accordance with the statutory regulations.



Quantitative Disclosures related to Credit Risk Mitigation (MRK)
Technique (CR3)
Position at December 2024
(in million Rupiah)


                                                                                                                         Claims
                                                                                                                   Secured with                   Claims
                                      Claims Not                  Claims                       Claims            Guarantee and/              Secured with
                                    Secured with             Secured with                 Secured with                 or Credit                   Credit
                                  MRK Technique            MRK Technique                     Collateral               Insurance               Derivatives
                                                    (a)                        (b)                      (c)                       (d)                         (e)
  1    Credit                                 7,198,441                  376,832                  376,832                            -                           -
  2    Securities                         2,065,635                               -                       -                          -                           -
  3    Total                              9,264,076                      376,832                  376,832                            -                           -
       Matured Credit
  4                                           448,223                             -                       -                          -                           -
       and Securities




                                                                                                              PT Bank QNB Indonesia Tbk Annual Report 2024 — 143
Page 144
Risk Management (continued)
DISCLOSURE OF THE USE OF EXTERNAL CREDIT RATINGS (CRD)
To obtain information regarding the ratings from debtors directly and/or using desktop checking, the Bank searches for
and uses existing rating information related to customers in its assessment. If there are changes, customer data will be
updated according to the latest information. The portfolio categories assessed by the Bank using this ranking methodology
are all the categories whose information is accessible via desktop checking.


Disclosure of Credit Risk Exposure and Impact of
Credit Risk Mitigation (MRK) Technique (CR4)
Position at December 2024
(in million Rupiah)


                                                                                                  Net Claims Before
                                                                                       FKK and MRK Implementations
                                                                           Statement of
                                                                       Financial Position                          TRA
 No     Portfolio Category                                                             (a)                           (b)
  1    Claims against Government                                               3,586,305                                -
  2    Claims against Public Sector Entities                                     289,993                       500,000
       Claims against Multilateral Development Banks and
  3                                                                                      -                              -
       International Institutions
  4    Claims against Banks                                                       361,673                               -
       Claims against Securities Companies and Other
                                                                                         -                              -
       Financial Services Institutions 1)
  5    Claims in the Form of Covered Bonds                                               -                              -
       Claims against Corporations - General Corporate
  6                                                                             5,078,999                       1,179,821
       Exposures 2)
       Claims against Securities Companies and Other
                                                                                1,696,080                      600,000
       Financial Services Institutions 3)
       Dedicated Financing Exposure 4)                                                   -                              -
       Claims in the Form of Securities/Subordinated Loans,
  7                                                                                      -                              -
       Equity, and Other Capital Instruments
  8    Claims against MSMEs and Retail Portfolio                                   13,753                        105,181
  9    Loans with Property as Collateral                                                 -                              -
       Loans with House as Collateral whose Payments Are
       Not Materially Dependent on the Property's Cash                             14,389                               -
       Flows
       Loans with House as Collateral whose Payments Are
                                                                                         -                              -
       Materially Dependent the Property's Cash Flows
       Loans with Commercial Property as Collateral whose
       Payments Are Not Materially Dependent on the                                54,108                        21,000
       Property's Cash Flows
       Loans with Commercial Property as Collateral whose
       Payments Are Materially Dependent on the Property's                        710,343                               -
       Cash Flows
       Loans for Procurement of Lands, Cultivation of Lands,
                                                                                         -                              -
       and Constructions
  10   Matured Claims                                                             218,319                               -
  11   Other Assets                                                              820,509                                -
  12   Total                                                                   12,844,471                    2,406,002




144 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 145
2024 Highlights    Reports to Stakeholders   Company Profile      Management Discussion and Analysis                                        Sustainability
                                                                                                            Corporate Governance (GCG)




                                              Net Claims After                                                                       RWA and
                                 FKK and MRK Implementations                                                            Risk-Weighted Average
                  Statement of                                                                                          Risk-Weighted Average
              Financial Position                                  TRA                                     RWA                        (e/(c+d))
                                (c)                                 (d)                                      (e)                                    (f)
                      3,586,305                                        -                                        -                                      -
                         289,993                                50,000                                 154,997                                    0.46

                                   -                                   -                                        -                                      -

                          361,673                                      -                               104,620                                    0.29

                                   -                                   -                                        -                                      -

                                   -                                   -                                        -                                      -

                       4,702,167                                117,982                           4,667,272                                       0.97

                       1,696,080                                60,000                                 439,230                                    0.25

                                   -                                   -                                        -                                      -

                                   -                                   -                                        -                                      -

                            13,753                               10,518                                  19,109                                   0.79
                                   -                                   -                                        -                                      -

                           14,389                                      -                                  7,190                                  0.50


                                   -                                   -                                        -                                      -


                           54,108                                2,100                                 540,084                                     9.61



                          710,343                                      -                                47,728                                    0.07


                                   -                                   -                                        -                                      -

                          218,319                                      -                               184,770                                    0.85
                        820,509                                        -                               901,613                                     1.10
                     12,467,639                                240,600                            7,066,613                                            -




                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 145
Page 146
Risk Management (continued)
Disclosure of Exposure by Assets Classes and
Risk Weights (CR5)
Position at December 2024
(in million Rupiah)



 No     Portfolio Category                                          0%                         20%               50%
    1   Claims against Government                          3,586,305                             -                   -



 No     Portfolio Category                                                       20%                             50%
    2   Claims against Public Sector Entities                              50,000                              289,993



 No     Portfolio Category                                     0%                20%                 30%         50%
        Claims against Multilateral
    3   Development Banks and International                     -                    -                 -             -
        Institutions



 No     Portfolio Category                                 20%                   30%                 40%         50%
    4   Claims against Banks                             38,819            322,854                     -             -
        Claims against Securities Companies
        and Other Financial Services                    587,046                476,716                 -       129,475
        Institutions 1)



 No     Portfolio Category                              10%              15%             20%           25%        35%
  5     Claims in the Form of Covered Bonds                -               -               -               -         -



 No     Portfolio Category                             20%               50%             65%           75%       80%
        Claims against Corporations - General
  6                                                        -        305,754                -               -         -
        Corporate Exposures 2)
        Claims against Securities Companies
        and Other Financial Services                 562,842               -               -               -         -
        Institutions 3)
        Dedicated Financing Exposure 4)                    -               -               -               -         -



 No     Portfolio Category                                                      100%                             150%
        Claims in the Form of Securities/
    7   Subordinated Loans, Equity, and                                              -                               -
        Other Capital Instruments



 No     Portfolio Category                                                       45%                              75%
        Claims against MSMEs and Retail
8                                                                                    -                          20,649
        Portfolio



146 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 147
2024 Highlights         Reports to Stakeholders   Company Profile   Management Discussion and Analysis                                        Sustainability
                                                                                                             Corporate Governance (GCG)




                                                                                                                       Net Claims After FKK and
                                       100%                                  150%                  Others                MRK Implementations
                                             -                                     -                         -                              3,586,305


                                                                                                                       Net Claims After FKK and
                                       100%                                  150%                  Others                MRK Implementations
                                             -                                     -                         -                                 339,993


                                                                                                                       Net Claims After FKK and
                                       100%                                  150%                  Others                MRK Implementations

                                             -                                     -                         -                                           -



                                                                                                                       Net Claims After FKK and
                         75%                      100%                       150%                  Others                MRK Implementations
                              -                          -                         -                         -                                  361,673

                              -                          -                         -                         -                                1,193,238



                                                                                                                       Net Claims After FKK and
                                        50%                                  100%                  Others                MRK Implementations
                                             -                                     -                         -                                           -


                                                                                                                       Net Claims After FKK and
                  85%                  100%               130%               150%                  Others                MRK Implementations

                    -             4,514,394                     -                  -                         -                               4,820,149


                    -                        -                  -                  -                         -                                 562,842

                    -                        -                  -                  -                         -                                           -


                                                                                                                       Net Claims After FKK and
                                      250%                                  400%                   Others                MRK Implementations

                                             -                                     -                         -                                           -



                                                                                                                       Net Claims After FKK and
                                        85%                                  100%                  Others                MRK Implementations

                                             -                               3,622                           -                                   24,271




                                                                                                         PT Bank QNB Indonesia Tbk Annual Report 2024 — 147
Page 148
Risk Management (continued)
Disclosure of Exposure by Assets Classes and
Risk Weights (CR5) (Continued)
Position at December 2024
(in million Rupiah)



 No     Portfolio Category                             0%       20%        25%    30%      35%    40%      45%     50%       60%
  9    Loans with Property as Collateral                  -            -      -        -     -         -       -       -         -
       Loans with House as Collateral whose
       Payments are not Materially Dependent              -       612         -   4,232      -   1,002         -   4,039         -
       on the Property's Cash Flows
       without a credit sharing approach 5)               -            -      -        -     -         -       -       -         -
       with a credit sharing approach
                                                          -            -      -        -     -         -       -       -         -
       (guaranteed) 5)
       with a credit sharing approach
                                                          -            -      -        -     -         -       -       -         -
       (guaranteed) 5)
       Loans with House as Collateral whose
       Payments Are Materially Dependent                  -            -      -        -     -         -       -       -         -
       on the Property's Cash Flows
       Loans with Commercial Property as
       Collateral whose Payments are not
                                                          -            -      -        -     -         -       -       - 21,200
       Materially Dependent on the
       Property's Cash Flows
       without a credit sharing approach 5)               -            -      -        -     -         -       -       -         -
       with a credit sharing approach
                                                          -            -      -        -     -         -       -       -         -
       (guaranteed) 5)
       with a credit sharing approach
                                                          -            -      -        -     -         -       -       -         -
       (guaranteed) 5)
       Loans with Commercial Property as
       Collateral whose Payments are
                                                          -            -      -        -     -         -       -       -         -
       Materially Dependent on the
       Property's Cash Flows
       Loans for Procurement of Lands,
       Cultivation of Lands, and                          -            -      -        -     -         -       -       -         -
       Constructions


                                                                                                                Net Claims After
                                                                                                                  FKK and MRK
 No     Portfolio Category                                     50%             100%          150%     Others   Implementations
  10   Matured Claims                                         68,817         147,786          1,717        -               218,319


                                                                                                                Net Claims After
                                                                                                                  FKK and MRK
 No     Portfolio Category                             0%       20%        100%   150% 1250% 5)       Others   Implementations
  11   Other Assets                                  36,917            - 547,551 236,041          -        -           820,509




148 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 149
2024 Highlights      Reports to Stakeholders      Company Profile        Management Discussion and Analysis                                        Sustainability
                                                                                                                   Corporate Governance (GCG)




                                                                                                                            Net Claims After FKK and
  65%             70%    75%       85%           90%       100%         105%     110%      150%         Others                MRK Implementations
       -            -         -         -            -              -        -        -         -                  -                                          -

       -            - 4,503             -            -              -        -        -         -                  -                                  14,388

       -            -         -         -            -              -        -        -         -                  -                                          -

       -            -         -         -            -              -        -        -         -                  -                                          -

       -            -         -         -            -              -        -        -         -                  -                                          -


       -            -         -         -            -              -        -        -         -                  -                                          -



       -            -         -         -            -   35,008              -        -         -                  -                                 56,208


       -            -         -         -            -              -        -        -         -                  -                                          -

       -            -         -         -            -              -        -        -         -                  -                                          -

       -            -         -         -            -              -        -        -         -                  -                                          -



       - 496,122              -         -      214,221              -        -        -         -                  -                                 710,343



       -            -         -         -            -              -        -        -         -                  -                                          -



                                              Net Claims of                 TRA Net Claims                                           Net Claims
 No                Risk-Weights        Financial Statements                    (Prior FKK)                      FKK Average (After FKK and MRK)
   1    < 40%                                        5,556,344                        1,779,821                            0.77                   5,667,344
  2     40% - 70%                                    1,285,329                       500,000                               0.74                   1,315,400
  3     75%                                               14,634                          105,181                           0.21                      25,152
  4     85%                                                         -                           -                               -                             -
  5     90% - 100%                                  5,750,406                                   -                          0.95                  5,462,585
  6     105% - 130%                                                 -                     21,000                                -                             -
  7     150%                                             237,758                                -                          1.00                     237,758
  8     250%                                                        -                           -                               -                             -
  9     400%                                                        -                           -                               -                             -
  10    1250%                                                       -                           -                               -                             -
  11    Total Net Claims                            12,844,471                     2,406,002                                   4                12,708,239




                                                                                                              PT Bank QNB Indonesia Tbk Annual Report 2024 — 149
Page 150
Code of Ethics and Corporate Culture
The Bank applies code of ethics as a guidance for each           Code of Ethics Dissemination and Enforcement
employee in making the correct decision, and this
                                                                 To make sure that all employees reach the same level of
includes the rules to escalate and discuss among
                                                                 understanding and support the implementation of
interest parties to ensure that all stakeholders take
                                                                 the code of ethics, the code of ethics has been
the right actions and display appropriate behaviour.
                                                                 disseminated and can be accessed by all employees
Each employee can access the Bank’s code of ethics               through the Human Resources Information System
through the Bank’s human resources information system            (HRIS). Employees are required to fill in a statement that
(HRIS) and employee intranet portal. In addition,                they have read and understand the contents of the code
each employee is also required to provide statement on           of ethics. All employees are required to apply
their understanding of and commitment to doing their             the principles defined in the book in carrying out their
work in alignment with the code of ethics. The Bank              operational duties.
applies a disciplinary policy in the case of violation of code
                                                                 Implementation of this code of ethics is observed and
of ethics or standard operating procedures.
                                                                 evaluated periodically by the Bank. Revision to the code
Applicability of the Code of Ethics                              of ethics may be conducted when deemed necessary as
                                                                 a form of compliance with the prevailing regulations and
The code of ethics applies universally, which means that         legislations in Indonesia.
all values encompassed in it are applicable to
all personnel of PT Bank QNB Indonesia Tbk, including            Corporate Culture
the BoC, BoD, and all levels of the management.
                                                                 The foundation and guidelines for employees’ behaviour,
Code of Ethics’ Elements                                         as manifested in QNB Values, presented in a separate
                                                                 section in the Company Profile chapter, serve as the basis
All employees of the Bank are strongly committed to              for the Bank’s corporate culture.
upholding the code of ethics in their day-to-day activities.
The following are its elements:
CODE OF ETHICS
1.		 Teamwork
2.		 Relationship Based on Trust
3.		 Protection of the Bank’s and Customers’ Assets and
     Interests
4.		 Supplier Relationship
5.		 Social Responsibility
6.		 Adherence to the Law
7.		 Adherence to All Policies and Procedures of
     PT Bank QNB Indonesia Tbk
8.		 Disclosure of Confidential Information
9.		 Our Word is Our Bond
10. Restriction on Working Elsewhere
11. Dealing with the Media
12. Avoidance of Inducement
13. Avoidance of Conflict of Interest
14. Proper Management of Staff Account
15. Personal Indebtedness
16. Personal Transactions
17. Attention to Personal Matters
18. Personal Development
19. Integrity in Interpersonal Relationships
20. Personal Conduct
21. Personal Appearance
22. Dealing with QNB Shares
23. Intellectual Property
SECURITY
1.		 Safety & Security
2.		 Continuity of Business in Times of Troubles
COMPLIANCE
1.		 Whistleblowing
2.		 Politics
3.		 Fraud, Money Laundering & Terrorist Financing
4. Confusion/Dilemma
5.		 Concluding Principles



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                                                                                                       Corporate Governance (GCG)




Whistleblowing System
The Bank’s commitment to upholding an ethical work culture
and good corporate governance principles is made manifest
the establishment of a whistleblowing system called AyoLapor,
managed by the Anti-Fraud Management & Investigation
Sub-Division.
The Bank has set up a mechanism to manage and                             Protection for Whistleblowers
follow-up any act that violates its internal rules and values.
                                                                          The Bank strives to ensure that every whistleblower is
This mechanism upholds the principle of confidentiality
                                                                          protected against any form of harassment or intimidation,
to fully guarantee the anonymity of the whistleblower.
                                                                          and have their identity secured and their confidentiality
The Bank identifies and minimises financial and
                                                                          guaranteed.
non-financial losses by encouraging employees to report
the violations they find as early as possible.                            Whistleblowing Report Handling
Whistleblowing System Legal Reference                                     The reporting system is handled by the Anti-Fraud
                                                                          Management & Investigation Sub-Division, whose primary
The legal basis for the Bank’s whistleblowing system is
                                                                          responsibility is to administer the reports, monitor
the OJK Regulation No. 12/2024 dated 31 October 2024
                                                                          the follow up to the reports, and maintain the confidentiality
on Implementation of Anti-Fraud Strategy for Financial
                                                                          of the identities of both the reporting parties and
Services Institutions. This regulation will be adopted and
                                                                          the reported parties. Reports must be submitted to
effective on 1 February 2025.
                                                                          the Fraud Oversight Committee (FOC), which consists
Scope of Whistleblowing System                                            of the BoD and Senior Management. In the case of audit
                                                                          matters included in the report, the report shall also be
This system applies universally and fairly to all individuals             submitted to Audit Committee Chairman, along with
of the Bank on all levels of employment, including                        the work plan to handle the report. If the reported party is
the BoD, the BoC, and BoC Committees, as well as                          an FOC member, the report receiver shall not submit
external parties that may provide information related to                  the report to said FOC member who is involved.
the violation that they are aware of.
                                                                          Performance
General Provisions of Whistleblowing System
                                                                          In total, seven valid reports were submitted via AyoLapor
Whistleblowing may be from internal or external parties.                  in 2024. All seven cases had been resolved by the end of
Internal parties include employees (permanent,                            2024, either through escalation to another unit or
in probation, contract, and outsourced), Management                       withdrawn by the reporter.
(including the BoD), and the BoC. External parties may
report the violation by providing the correct and valid                   Whistleblowing Reports in 2024
proof (in the form of recordings, photos, etc.)
as evidence.                                                                Description                                                      Total
Violators are parties suspected or believed to be                           Total reports received                                                7
suspected of having conducted violation or having acted
against the law, or having conducted unethical/immoral                      With indication of fraud                                              0
actions or other actions that may jeopardise the Bank,                      Without indication of fraud                                           7
either financially or non-financially.

Whistleblowing Mechanism
In the reporting process, the whistleblower must keep
the truth and accuracy of the information that they have
submitted and provide adequate information for
the continuation of investigation. Information must
include the violator’s identity, chronology of events, and
the violation.
The whistleblower may submit their report to
AyoLapor via any of the following: e-mail to
ayolapor@qnb.co.id or telephone (+6221 50857925
for external, or extension 8558 for
ULJT–Untuk Lapor Jangan Takut for internal).
Reports received may also be those escalated by other
divisions, alleged fraud event experienced by
the whistleblower, etc.



                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 151
Page 152
Anti-Bribery & Corruption Policy
QNB Indonesia upholds a zero-tolerance principle regarding
to bribery and corruption, and is also committed to the highest
standards of acting professionally, fairly, and with integrity in all
transactions and business dealings and relationships wherever it
operates. The Bank also implements and enforces an effective
system against bribery and corruption.
Corruption is defined as the abuse of power by someone entrusted by a company/organisation, both in the public and
private sectors, to obtain personal gain or serve personal interests.
The most commonly encountered form of corruption is bribery. Other types of corruption include, but are not limited to,
practices of misappropriation, theft, deception, extortion, conflict of interest, illegal forms of political contribution/payment
to charity, third-party placement with low interest rate coupled with a promise of reward, and receiving illegal fund from
money laundering. Corruption also encompasses the giving of gifts previously offered, promised, or provided to obtain
commercial gain, obtain employment, abuse of regulations, as well as other personal gains.
To mitigate the risk of bribery and corruption, the Bank has updated its Anti-Bribery and Corruption Policy, independently
evaluated the risk of bribery and corruption, disseminated the principle of zero-tolerance of bribery and corruption to
raise awareness thereof, and required all employees, including the BoD and the BoC, to sign the Integrity Pact.
In 2024, the Bank recorded zero cases of corruption and bribery in its business.




Information Disclosure and Access
to Bank’s Information
The Bank encourages the public to access the latest information on its financial, non-financial, and other reports, under
the principles of transparency and accountability, by conducting public exposes, issuing press releases, and maintaining
the corporate website, www.qnb.co.id.
Customers may get in touch with the Bank or submit any query or complaint through the Bank’s Contact Center at
(+62 21) 300 55 300. The media are welcome to contact Corporate Communication via email at
corporate.communication@qnb.co.id.
The Bank distributes press releases to media with nationwide coverage, and engage the media actively, resulting in
the publication of articles that highlight the Bank’s value to the public.
The Bank conducts public exposes to disclose its financial and operational performance, achievements, challenges, and
other aspects, to investors, analysts, fund managers, stock exchange members and representatives, and the mass media.

Information Disclosure Activities in 2024

              Disclosure Event                            Frequency                                Disclosure Date
 AGMS                                                           1                                   30 May 2024
 EGMS                                                           1                                4 December 2024
 Public Expose                                                  1                                   1 March 2024
 Customer Gathering                                            23                               Throughout the year
 Mass Media Review                                            120                               Throughout the year
 Press Release                                                 8                                Throughout the year




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Litigations
In 2024, the Bank was involved in 16 civil cases and 3 criminal cases. Details of their settlement status are given below:

                                                                                                                            Number of Cases
 Legal Dispute                                                                                            Civil                         Criminal
 Settled, with a legally binding verdict                                                                      5                                   0
 In the process of settlement                                                                                 11                                  3
 Total                                                                                                       16                                   3

None of these cases had a significant impact on the Bank or its operations.
None of the Bank’s BoC or the BoD members faced any lawsuit or legal case in the court and/or arbitration agencies in any
form in Indonesia. There is no material effect of litigation on the Bank’s business continuity.




Sanctions
In 2024, the Bank did not receive any sanctions in any form from the government nor from other relevant authorities that
may disrupt the Bank's operational business.




Transparency on the Bank’s Financial
and Non-Financial Performance
In line with the transparency principle, the Bank prepares and presents various reports consisting of Annual Reports, Monthly
and Quarterly Published Reports, as well as other reports related to the holding of GMS and Public Expose.
These initiatives are carried out pursuant to the applicable provisions and regulations, including POJK No. 37/POJK.03/2019
on Transparency and Publication of Bank Reports; POJK No. 8/POJK.04/2015 on Website of Issuer or Public Company;
and IDX BoD Decree No. Kep-00015/BEI/01/2021 on Amendment to Regulation No. I-E on Information Submission
Obligation.
The Bank’s financial and non-financial performance in 2024 was adequately presented in the forms mentioned above and
reported to the relevant authorities separately, independent from the one presented in this 2024 Annual Report.




Policy on Transactions with Conflict of
Interest
The policy governing transactions with affiliate parties, related parties, and transactions containing conflict of interest, is
stipulated in the BoC Charter, BoD Charter, and Code of Ethics, as well as other internal procedures and policies of the Bank.
Should a transaction containing conflict of interest take place, the members of BoD and BoC who are involved in
the transaction shall abstain from that transaction’s approval process.
In 2024, the Bank recorded no transactions with conflict of interest.




                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 153
Page 154
Implementation of OJK’s GCG Guidelines
for Public Companies
The Bank aligns its GCG implementation with the Good Corporate Governance Guidelines for Public Companies as
stipulated by the OJK Circular No. 32/SEOJK.04/2015. The GCG Implementation Guideline consist of five aspects, eight
principles, and 25 recommendations related to corporate governance. The Bank assesses its compliance with this Guideline
on an annual basis, and reports the implementation status of each of the recommendation stated in the Guidelines.
Fulfilment of the Guidelines in 2024 are detailed below.

GCG Principles and Recommendations

  No                                          Principle & Recommendation                             Implementation Status

  A.     Relationship between the public company and shareholders in ensuring the rights of
         shareholders

         1.		 Increasing the value of the execution of General Meeting of Shareholders (GMS).

             Recommendations:
             1.1) The public company has a method or technical procedure of voting in public or          Implemented.
                  in private, which prioritises independence and shareholders interest.

             1.2) All BoD and BoC members are present in the Annual GMS.                                 Implemented.

             1.3) Summary of GMS minutes of meeting is available on the public company’s                 Implemented.
                  website for at least one year.

         2.		 Increasing the quality of communications between the public company and
              the shareholders or investors.

             Recommendations:
             2.1) The public company owns a policy for communication with shareholders or                Implemented.
                  investors.

             2.2) The public company discloses its policy for communication with shareholders or         Implemented.
                  investors on its website.

  B.     Function and Role of the Board of Commissioners (BoC)

         3.		 Strengthening the membership and composition of BoC.

             Recommendations:
             3.1) The determination of the number of Commissioners considers the condition of            Implemented.
                  the public company.

             3.2) The determination of the composition of the BOC considers the diversity of             Implemented.
                  required skills, knowledge, and experience.

         4 . Increasing the quality of performing duties and responsibilities of BoC.

             Recommendations:                                                                            Implemented.
             4.1) The BoC has a self-assessment policy to evaluate the performance of the BoC.

             4.2) The self-assessment policy that evaluates the performance of the BoC is                Implemented.
                  disclosed in the Annual Report of the public company.

             4.3) The BOC has a policy on the resignation of any BoC members involved in                 Implemented.
                  financial crimes.

             4.4) The BoC or committee that performs the nomination and remuneration function            Implemented.
                  arranges the succession policy in the process of nominating a member of the BoD.




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  No                                         Principle & Recommendation                                                Implementation Status
  C.     Function and Role of the Board of Directors (BoD)
         5.		 Strengthening the membership and the composition of the BoD.
             Recommendations:
             5.1) The determination of the number of Directors considers the current condition of                            Implemented.
                  the public company and effectiveness of decision-making.
             5.2) The determination of the BoD composition considers the diversity of expertise,                             Implemented.
                  knowledge, and required experience.
             5.3) Member of the BoD who oversees accounting or finance has the expertise and/                                Implemented.
                  or knowledge in accounting.
         6.		 Increasing the quality of the duties and responsibilities of BoD.
             Recommendations:
             6.1) The BoD has a self-assessment policy on the evaluation of the BoD’s performance.                           Implemented.
             6.2)Self-assessment policy on the evaluation of the BoD’s performance is disclosed                              Implemented.
                 in Public Company’s annual report.
             6.3) The BoD has a policy on the resignation of any BoD members involved in financial                           Implemented.
                  crimes.
  D.     Stakeholders Participation
         7.		 Increasing the Company’s governance aspect through stakeholders participation.
             Recommendations:
             7.1) The public company has a policy to prevent insider trading.                                                Implemented.
             7.2) The public company has an anti-corruption and anti-fraud policy.                                           Implemented.
             7.3) The public company has a policy that governs the selection and capability                                  Implemented.
                  enhancement of its supplier and vendor.
             7.4) The public company has a policy on the fulfilment of creditors’ rights.                                    Implemented.
             7.5) The public company has a whistleblowing system policy.                                                     Implemented.
             7.6) The public company has a policy on provision of long-term incentives for the BoD                           Implemented.
                  and employees.
  E.     Information Disclosure
         8.		 Enhancing information disclosure implementation.
             Recommendations:
             8.1) The public company makes greater use of information technology in addition to                              Implemented.
                  website as a means for information disclosure.
             8.2) The annual report of the public company discloses the ultimate beneficial                                  Implemented.
                  owner(s) of at least 5% of the public company’s shares, in addition to
                  the disclosure of the ultimate beneficial owner(s) of the public company’s
                  shares through the majority and controlling shareholder(s).




                                                                                                     PT Bank QNB Indonesia Tbk Annual Report 2024 — 155
Page 156
Sustainability
Through its banking practices, QNB Indonesia is expanding its role in green finance
to nurture a more liveable and prosperous future.
Page 157
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                                                                                                                                Sustainability
Page 158
QNB Sustainability Strategy
QNB GROUP’S GLOBAL APPROACH TO                                  To achieve this aim, the Bank maintains its Sustainability
SUSTAINABILITY                                                  Vision and Mission, as follows:
At QNB, we define sustainability as the delivery of             Sustainability Vision:
long-term value in financial, environmental, social and
ethical terms, for the benefit of our customers,
shareholders, employees and communities.                             QNB Indonesia will be
The Board sponsor for sustainability is H.E. Sheikh
Hamad Bin Jabor Bin Jassim Al-Thani. In this capacity,
                                                                     a leading financial institution
he leads the Board of Directors in overseeing the overall            in Indonesia that is socially and
execution of the Group’s sustainability strategy and
performance, and oversight of ESG-related risks.                     environmentally responsible.”
The BoD also links executive compensation to
environmental, social, and governance (ESG)                     Sustainability Mission:
performance through the Executive Management’s
Balanced Scorecard, which includes KPIs for
sustainability.                                                      Excelling in our three
The topic of ESG, including climate risk, is fully integrated        sustainability pillars –
into QNB’s overall governance structure with clearly
identified responsibilities. All Environmental and Social
                                                                     Sustainable finance,
topics are reported to the BoD via the Group Board Risk              Sustainable operations, and
Committee (GBRC) and all Governance-related topics
through the Group Board Audit and Compliance                         Beyond Banking.”
Committee (GBACC). The ESG framework is cascaded
down from the BoD down to the Group Management Risk             Sustainable finance is the integration of ESG criteria into
Committee (GMRC) and the Group Senior Management                the Bank’s financing activities to deliver profit with
Committee (SMC). These two Tier 1 Executive                     purpose. The Bank aims to help customers manage their
Committees are responsible to execute upon any                  environmental and social risks, lend to businesses that
ESG-related decisions and embed them accordingly                contribute towards the UNSDGs, improve access to
across management and operational levels.                       finance for SMEs and underserved groups, and provide
                                                                a responsible customer service.
In January 2024, Board-level governance of ESG was
restructured from the Group Board Nomination,                   Sustainable operations is the integration of ESG criteria
Remuneration, Governance and Policies Committee                 into the Bank’s business operations and across the
(GBNRGPC), in order to further enhance and ensure that          Bank’s supply chain, to ensure ethical and efficient
respective topics are addressed by the right Board              operations. The Bank is committed to strengthening
and Executive Management committees, and driven by              corporate governance and risk management practices,
the right management and operational teams.                     promoting equality throughout its workforce, and
                                                                reducing carbon emissions generated by its operations.
Our established QNB Group sustainability policy and
framework encompass performance across ESG                      Beyond Banking refers to the Bank’s Corporate Social
aspects. This framework is in line with the objectives of       Responsibility (CSR) activities in the communities
the United Nations Sustainable Development Goals                where the Bank operates. The Bank’s ambition is to
(UNSDGs), the United Nations Global Compact (UNGC),             make a positive contribution to the wider society, with
Qatar National Vision 2030, and the Qatar Stock                 an emphasis on education and financial literacy.
Exchange’s Guidance on ESG Reporting. To promote                To achieve its sustainability vision and mission, in line with
transparency in the banking sector, the Group reports its       its sustainable finance action plan for 2024,
sustainability performance annually in accordance with          the Bank advanced its sustainability initiatives, while
the GRI Standards 2021, SASB and IFRS SDS S1 + S2.              continuing to raise awareness among its stakeholders
The Group’s sustainability framework consists of three          about its vision and approach to sustainability.
pillars: Sustainable finance, Sustainable operations, and
Beyond Banking. All three pillars support QNB’s goal of
sustainable financial performance, by reducing risks,
identifying new business opportunities, and
strengthening the QNB brand. These three pillars are
detailed in the next section, as they apply to the Group’s
operations in Indonesia.

SUSTAINABILITY FOCUS ON INDONESIA
Through its sustainability programmes, the Bank strives to
serve the needs and meet the expectations of its stakeholder
groups, while also generating shared value optimally for
its business, its shareholders, and the community at
large, principally through financial inclusion.


158 — PT Bank QNB Indonesia Tbk Annual Report 2024
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                                                                                                                                         Sustainability




The Bank’s long-term sustainable finance action plan for the period 2023–2027 is summarised below:

  Year                                  Priority                                                      Success Indicator
                                                                             Formal implementation of a sustainable governance
                                                                             framework by publishing QNB Indonesia Sustainability
           Refining and improving sustainability governance                  Policy in end of December 2023.
           framework for all sustainability activities; performing
 2023                                                                        Availability of capable and adequate resources to
           ESG benchmarking and data collation in preparation
                                                                             support sustainability activities.
           for 2024 report on sustainability activities.
                                                                             Completion of sustainability-related data gathering for
                                                                             2023 to be reported in the annual report.
            Performing bank-wide review of all activities
                                                                             Detailed and publicly available reports of prioritised
 2024       to identify areas of improvement in accordance with
                                                                             sustainability-related activities.
            sustainability principles.
            • Piloting a stress test related to climate risk.                • Reporting of the climate risk stress test to OJK.
 2025       • Determining and distributing division-level KPIs in            • Adoption of sustainability-linked KPIs across all
              relation to sustainability.                                      divisions in Bank QNB Indonesia.
 2026      Monitoring and refining sustainability-related KPIs.              Improvement in the sustainability assessment score.
           Achieving consistent improvements within                          Proven increase in score for Sustainable finance,
 2027
           the previous 5-year period in all sustainability metrics.         Sustainable operations, and Beyond Banking activities.


The Bank’s sustainability strategy is elaborated in                        6.		 Conducting a Climate Risk Stress Testing (CSRT)
its yearly Sustainable Finance Action Plan (RAKB).                              following OJK’s directive.
The most recent RAKB was prepared in alignment with                        7. Ensuring balance in gender diversity and equality
the following regulations and guidelines:                                       across layers of employees.
1.		 Technical Guidelines for Banks on the Implementation                  Parties Responsible for Implementing
     of POJK No. 51/POJK/03/2017.
                                                                           Sustainable Finance
2.		 QNB Indonesia Corporate & Institutional Banking
     Credit Policy, which states that the QNB Group has                    The sustainability plans and activities for QNB are managed
     Sustainable Finance objectives implemented.                           by Strategy Execution Division, supported by Human
     Under this policy as well, QNB Indonesia identifies                   Resources, General Services, Compliance, Corporate
     and examines prospective debtors in advance when                      Communication Divisions, as well as business units.
     providing credit by requesting the completion                         The BOD is responsible for monitoring the implementation
     of debtors’ and/or prospective debtors’ AMDAL and                     of the Sustainable Finance Action Plan. The details of
     PROPER documents required in their respective lines                   duties and responsibilities in line with the implementation
     of business.                                                          of Sustainable Finance in the Bank are presented in
3.		 Consideration was also given to QNB Group’s                           the Sustainable Finance Action Plan documentation
     Sustainability Policy, QNB Group’s Environmental and                  published annually.
     Social Risk Management framework and QNB
     Group’s Sustainable Finance and Product Framework.                    Challenges in the Implementation of
                                                                           Sustainable Finance
The Bank will integrate sustainability into its financing and
operations through the following priority activities:                      The challenges, which may cause the delays in
                                                                           the accomplishment of the Bank’s sustainable finance
1.		 Reducing electricity usage by limiting AC and lighting
                                                                           action plan, include the following:
     operational hours.
2.		 Organising training for each employee related to                      A. External Challenges
     the concept of sustainability, so that each employee                       1.   Evolvement of regulatory and standards causes
     can understand and carry out sustainability activities                          uncertainty, which may complicate international
     in accordance with its principles.                                              ESG frameworks’ alignment or adoption.
3.		 Refining and improving the sustainable governance                          2.   High due diligence cost and high risk profiles for
     structure that embodies a holistic mitigation of                                financing sustainable loans may have high impact
     climate risk.                                                                   on profitability.
4. Developing products and/or services applicable and                           3.   Limited market demands for green loans in
     in line with the sustainability principles and QNB                              Indonesia, where clients may not prioritise ESG
     Group Sustainable Finance and Product Framework,                                compliance.
     with respect to the Bank’s focus that covers both                          4.   Limited information on guidelines and criteria for
     Corporate & Institutional Banking and Retail Banking                            Sustainable Financing Projects in Indonesia.
     segments, to identify opportunities.                                       5.   Limited comprehensive ESG data and lack of
5. Applying Environmental Social Risk Management                                     standardised reports.
     (ESRM) for screening and categorising environmental
     and social (E&S) risk.


                                                                                                    PT Bank QNB Indonesia Tbk Annual Report 2024 — 159
Page 160
QNB Sustainability Strategy (continued)
B.		 Internal Challenges                                                Monitoring of Sustainable Finance Activities
		 The Bank may face internal challenges in implementing                The Bank has appointed the Strategy Execution Division
   Sustainable Finance due to limited resources and                     to be in charge for the overall monitoring of the
   limited availability of integrated monitoring and                    implementation of the Sustainable Finance. The unit is
   reporting system.                                                    to report to the BoD through the information provided in
The Bank is taking measures to mitigate these challenges,               the Sustainability Report, which is prepared annually by
including:                                                              the Bank as part of its Annual Report and/or through
                                                                        internal regular BoD meetings.
1.		 Optimising resource use to improve business
     performance and maintain profitability.                            In the event that any part of the Sustainable Finance
2.		 Prioritising issuance of Sustainable Finance products              plan has not yet been implemented in accordance with
     to ensure sustainability and competitiveness in                    the planned programmes and timelines, the Bank will follow
     the market.                                                        up and determine necessary improvements or changes
3.		 Training to ensure readiness and awareness of all                  required, by: reviewing the performance indicators used for
     QNB Indonesia’s employees on the importance of                     the following years based on the realisation of
     the Sustainable Finance concept.                                   the Sustainable Finance programmes that have been
                                                                        implemented; and assess the continuity of the Sustainable
                                                                        Finance programmes in subsequent years as measured by
                                                                        predetermined performance indicators.




Targets & Achievements
ACHIEVEMENTS IN 2024
Sustainable Finance

     Description of Activity                         Participants          Type of Activity                  Realisation
 Online training related to
                                                 All employees.            Online training.            Conducted in Q4 2024.
 Sustainability.
                                          QNB Indonesia, Indosat
                                                                                                        Over 80% of users of
 Digital loan for financial                 Ooredoo Hutchison,
                                                                               Lending.             the UCan cash loan are those
 inclusion.                              PT YuInsight Technologies
                                                                                                    from the low income bracket.
                                               International.
                                                                                                    QNB Indonesia continues to
 Supporting SMEs.                                      Retail.                 Lending.              support its existing SME
                                                                                                        clients with loans.
                                                                                                      Since May 2021, ESRM
 Adoption of standards                                                                              monitoring for due diligence
 that are consistent with                                                                                process has been
                                          Corporate & Institutional
 QNB’s ESRM (Environmental                                                 Documentation.               implemented using
                                                 Banking.
 and Social Risk Management)                                                                           a checklist containing
 framework.                                                                                         compliance criteria, restricted
                                                                                                        or excluded sectors.


Sustainable Operations

     Description of Activity                         Participants          Type of Activity                  Realisation
 Limiting the operating hours                                             Manually turning off        Electricity usage in 2024
 of air conditioners (AC) and                    All employees.       air-conditioners and lights    stood at 948,069 kWh, 2%
 elevators.                                                             after operational hours.         lower than in 2023 .
 Limiting paper consumption,                                          Usage of e-paypro system        Paper usage in 2024 was
 using both sides of the paper                   All employees.        for ordering stationery,      1,991 kg, 30% lower than in
 (except for official documents).                                          including paper.                     2023 .
                                                                        • Usage of automatic
                                                                                                    Water usage in 2024 reached
 Encouraging efficient use of                                                  faucets.
                                                 All employees.                                      8.0 megalitres, 49% above
 water.                                                                • Regularly conducting
                                                                                                           2023’s usage.
                                                                         educative email blast.


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                                                                                                                                         Sustainability




Beyond Banking

     Description of Activity                   Participants                   Type of Activity                            Realisation
                                                                                                                Disseminated emails about
                                                                                                                 responsible behaviours in
                                                                                                                  the working area and in
                                              All employees.                   Dissemination.
                                                                                                                 the environment, and held
 Periodic communication                                                                                        internal activities promoting
 related to environmentally                                                                                        health-related topics.
 friendly behaviours and
 wellbeing/health protocol                                                                                          Organised a blood
 as part of Bank’s value of                                                                                     donation drive, attended
 responsible citizenship.                                                                                           by 84 employees.
                                             84 employees.                      Offline event.                 The Bank collected 67 blood
                                                                                                               bags subsequently donated
                                                                                                                      through PMI
                                                                                                                 (Indonesian Red Cross).
                                                                                                                  Involving employees as
                                                                                                                    volunteers, the Bank
                                                                                                              organised a series of financial
                                                                                                               literacy activities in Jakarta,
                                                                                                                with an emphasis on basic
 Expand QNB Indonesia Goes                                                                                         financial planning and
 to School, the Bank’s annual                                                                                 entrepreneurship topics. This
                                            128 participants &
 financial literacy programme,                                                  Offline event.                series of activities consists of
                                               33 employees.
 to reach new students and                                                                                      (1) educational sessions at
 schools.                                                                                                          school, (2) mentoring
                                                                                                                  sessions, and (3) bazaar
                                                                                                               simulations, where students
                                                                                                              have the opportunity to make
                                                                                                               business plans and market
                                                                                                                       their products.


SUSTAINABILITY TARGETS IN 2025
The Bank’s sustainability targets for 2025 are divided into the same categories as detailed above. Goals in each category
are defined below:
Sustainable Finance:
1.		 Aiming to conduct Sustainable Finance and Product Framework (SFPF) training.
2. Developing products and/or services applicable and in line with the sustainability principles and QNB Group SFPF.
3.		 Raising awareness among all stakeholders about the importance of and compliance with Sustainable Finance regulations.
4.		 Developing electronic channels to enable customers to conduct various financial and non-financial transactions using
     Retail Banking products.
5. Promoting financial inclusion for MSMEs.
Sustainable Operations:
1.		 Reducing electricity usage from AC units and lighting from year to year.
2.		 Limiting and managing paper used for printing.
3. Encouraging efficient water usage at the head office.
Beyond Banking:
1.		 Communicating regular reminders about environmentally friendly behaviour and employee well-being.
2.		 Continuing the annual financial literacy programme to reach new beneficiaries in cities across Indonesia.




                                                                                                    PT Bank QNB Indonesia Tbk Annual Report 2024 — 161
Page 162
Sustainable Finance
As a financial services provider, QNB Indonesia is firmly     Product and Customer Responsibility Policy
committed to supporting the Indonesian government’s
                                                              The Bank complies with the rules and regulations on
sustainable finance goals. The Bank actively participates
                                                              customer protection and complaint handling, as stipulated
in initiatives to promote financial inclusion and expand
                                                              in a number of internal procedures, Laws of the Republic of
public access to financial services.
                                                              Indonesia, OJK Regulations and Circulars, as well as
The Bank’s sustainable finance efforts are reflected in its   Bank Indonesia Regulations and Circulars.
diverse range of competitive products and services,
delivering meaningful and ongoing benefits to retail,         Consumer Protection
MSME, and corporate customers. To ensure alignment            The Bank upholds its customers’ trust in its operational
with the sustainability objectives of both QNB Group and      system and provides them with the best level of service.
Indonesia, the Bank publishes its Sustainable Finance         The Bank applies the principle of prudence, prioritising
Action Plan annually.                                         customer protection and service above all else. This
All financial products and services offered by the Bank       helps to reinforce customers’ trust in the banking
are approved by OJK and Bank Indonesia. Additionally,         system, and the Bank is committed to maintaining this
QNB Indonesia adheres to the ESRM framework and               trust and confidentiality, as set out in applicable laws and
the QNB Group Sustainability Policy, while also considering   regulations.
future guidance on ESG definitions from OJK.                  Banking confidentiality in the Bank encompasses all
Customers can rely on QNB Indonesia for a secure and          information related to customers’ savings and deposits,
trustworthy banking experience at all times.                  and the Bank works to ensure that this information is not
                                                              misused by unauthorised parties. In order to build and
Banking Product Developments and Innovations                  maintain customer trust, the Bank must strive to ensure
In 2024, the Bank maintained the following products           that customer information is kept safe and secure at all
and services in line with the Sustainable Finance             times, using the latest security technologies and
principles and Group Sustainable Finance framework.           practices.
These products and services include:                          The obligation of upholding customer confidentiality does
1.		 UCan, a loan product for the mass market segment         not apply in certain cases, such as for tax purposes and
     running entirely on a digital platform, run in           pursuing the interest of justice in criminal and civil cases,
     partnership with Indosat Ooredoo Hutchison.              as well as upon the request of the customer or their heir, as
2.		 Various mutual funds, in partnership with prominent      stipulated in the applicable laws and regulations.
     investment managers in Indonesia.                        The Bank’s products have been ensured to be secure
3.		 Indonesian Government Retail Bonds.                      for customers to use, given the solid framework of risk
4.		 Bancassurance products.                                  management and compliance existing in the Bank’s
5.		 Mobile banking and internet banking services, which      operations.
     help reduce the carbon footprint of both the Bank
     and its customers.                                       Sustainable Practices in Loan Disbursement
6.		 Debit card.                                              Prior to disbursing lending, the Bank requires prospective
Throughout the reporting period, no products or services      borrowers to submit various documents that testify
of the Bank were withdrawn from circulation owing to          to the debtors’ compliance with the social and
the negative impacts caused by such offerings.                environmental regulations that are relevant to
Any withdrawal of any financial products or services from     the industry in which they engage. Such documents may
the market in 2024 was due to considerations of their         include an Environmental Impact Analysis (EIA or AMDAL
relevance to the needs in the market.                         in Indonesian), PROPER achievement, ESRM Due
                                                              Diligence, or other relevant documentation.
Sustainable Finance Awareness Campaign
                                                              The Bank, by principle, does not provide any lending to
Recognising the critical role of financial institutions in    parties engaged in sectors or industries that are not yet
driving sustainable economic growth, the Bank carried out     regulated, or expressly prohibited, by the laws prevailing
a Sustainable Finance Awareness Campaign, intended to         in the Republic of Indonesia. Furthermore, the Bank
strengthen the integration of ESG principles into its         does not provide any lending to parties that are found to
operations.                                                   have breached any regulations, as the Bank seeks to
As part of this campaign, the Bank organised an online        protect the environment and social welfare of
training session on Sustainability—including Sustainable      the nation.
Finance, Sustainable Operations, and Beyond Banking—in
                                                              Contact Points
the fourth quarter of 2024 applicable for all employees of
the Bank. This ensured that key stakeholders across           The Bank welcomes suggestions, complaints and
the Bank understand and implement sustainability              feedback to improve service quality. The Bank provides
practices effectively.                                        several channels of communication for customers to direct
                                                              their complaints, as follows:
Training sessions covered various topics, such as ESG
risk assessment, sustainable lending frameworks,              • 24-hour Contact Centre service at (+62 21) 300 55 300;
regulatory requirements, and global best practices in         • E-mail to contact.center@qnb.co.id; and
green financing.                                              • Direct interaction with branch frontliners.


162 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 163
2024 Highlights   Reports to Stakeholders       Company Profile   Management Discussion and Analysis        Corporate Governance (GCG)
                                                                                                                                            Sustainability




Customer Complaint Handling
                                                                                days of receipt. If resolution cannot be achieved within
To address customer complaints, the Bank forwards and                           this timeframe, the settlement period may be extended
coordinates all received complaints with relevant work                          by up to an additional 10 working days.
units and branches. This ensures that the ensure resolution
                                                                                Should a customer remains dissatisfied with
is in line with the established Service Level Agreements
                                                                                the resolution provided by QNB Indonesia, they may
(SLA).
                                                                                escalate their complaint to Bank Indonesia or the OJK.
Customers may submit complaints verbally or in writing,
                                                                                In 2024, QNB Indonesia received a total of 294 complaints
either directly or through a representative, accompanied
                                                                                from customers. All the complaints had been settled by
by the necessary supporting documents.
                                                                                the end of year. There were no grievances or complaints
Verbal complaints are resolved within 5 working days,                           from customers that had a significant impact on
while written complaints are addressed within 10 working                        the Bank’s reputation or operations.


The Bank ensures its customer complaint management quality by closely monitoring the resolution of each complaint
and measure the completion time.

Customer Complaints Settlement, 2024

                                                    Completed                     On Process                    Not Completed            Number of
 No.     Legal Dispute                      Total   Percentage          Total     Percentage               Total     Percentage          Complaints
   1     ATM & Debit Card                     23           100%             0                0%                 0               0%                   23
   2     Electronic Banking                   42           100%             0                0%                 0               0%                   42
   3     Credit Card                           0           100%             0                0%                 0               0%                    0
   4     Personal Loan                         11          100%             0                0%                 0               0%                    11
   5     Other Products                        7           100%             0                0%                 0               0%                     7
   6     Trust                                  1          100%             0                0%                 0               0%                     1
   7     UCan                                210           100%             0                0%                 0               0%                 210
 Grand Total                                294            100%             0               0%                  0               0%                294


Customer Service Improvement Programme
The Bank delivers exceptional customer service and is actively enhancing the quality of its front-line staff, both within its
branches and at the Contact Centre. To ensure this high standard is upheld, employees undergo comprehensive training
on product knowledge and banking solutions to better serve customers.
Looking ahead, the Bank may expand its service network by opening new branches, relocating existing ones to more
strategic locations, and strengthening its digital presence. These initiatives aim to make the Bank’s products and services
more accessible to customers.
To evaluate customer satisfaction and identify opportunities for improvement, the Bank may perform a customer satisfaction
survey in the coming years. This survey will offer valuable insights into customer service performance, enabling the Bank
to address feedback and implement necessary enhancements to meet customers’ needs and expectations. This approach
will help the Bank refine its service standards and develop innovative customer service programmes to further elevate
the customer experience.




                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 163
Page 164
Sustainable Operations
Equality
Aligned with the QNB Group’s Human Rights Statement published in 2024, the Bank ensures that equal employment
opportunity is provided to every qualified candidate, regardless of their gender or background. Recruitment and career
advancement are based on each individual’s potential and skill, without discriminating against candidates’ gender, age,
race, ethnicity, religion, or belief. The Bank strictly prohibits any form of child labour and forced labour in its activities.
The Bank fosters a merit-based culture, guaranteeing all employees equal access to training and self-improvement
programmes. These are designed to enhance the necessary competencies for professional growth.
Gender equality in the Bank as at 31 December 2024 is encapsulated in the following table:


                                                                                                                        Gender

 Position                                                                                  Female                          Male

 Commissioners                                                                                    1                               3

 Directors                                                                                       0                                4

 Division Heads                                                                                  14                           10

 Others                                                                                        186                           189

 Total                                                                                         201                          206


Industrial Relations                                                 Occupational Health and Safety
In developing policies and regulations related to                    Employees of the Bank, along with their dependants,
employment and in regard to industrial relations                     are enrolled to a health insurance programme by the Bank.
management, the Bank is guided by Law No. 6/2023 on                  Every year, the Bank’s employees also participate in
Employment.                                                          a routine medical check-up.
The Bank is also subject to the Manpower Act, and this               All employees are required to be able to implement
is reflected in the freedom of association that is upheld            the basic guidance and work procedures to minimise
within the Bank, as mandated by Law No. 21/2000 on                   the risk of workplace accidents and protect their health.
Trade Unions/Labour Unions.                                          The Bank regularly conducts Business Continuity
                                                                     Management (BCM) drills to ensure that all employees are
The management of the Bank maintains open
                                                                     fully prepared for any emergency event or disaster.
communication with union officials and members
in order to preserve harmonious industrial relations,                In 2024, no workplace accidents took place in the Bank’s
mutual respect, and mutual benefits. All efforts must be             premises.
taken to ensure that any conflict that arises is resolved
within the division or the company, according to                     QNB Kita
the Law No. 6/2023 and Law No. 2/2004 on                             To strengthen team cohesion and employee engagement
Industrial Relations Conflict Resolution.                            with the Bank, various events were held as part of
In 2024, the Bank did not record any grievances from                 the QNB Kita programme.
employees in relation to the Bank’s employment
                                                                     In 2024, the QNB Kita programme encompassed
practices.
                                                                     the following events:
The Bank maintains a Collective Labour Agreement
                                                                     • Ramadan Gathering & Halal Bihalal;
(PKB) resulting from negotiations between the Bank
                                                                     • QNB Juang in August to promote creativity and
and the labour union, regulating the terms at work,
                                                                       camaraderie among employees, which in 2024 took
rights and obligations of both parties under
                                                                       the form of sports tournaments which also featured
the provisions of law. The current PKB is valid until
                                                                       teams from the Embassy of Qatar in Indonesia, with
November 2025 and has been registered with
                                                                       the sports in competition comprising futsal,
the Ministry of Manpower of the Republic of Indonesia
                                                                       badminton, and table tennis;
No. Kep.4/HI.00.01/00.0000.231024002/B/XII/2023
                                                                     • The Ruby Women’s Club as a club for female
dated 4 December 2023.
                                                                       employees to empower themselves as women, enrich
Remuneration Policy                                                    their knowledge, and create a better working
                                                                       environment for women;
The Bank’s remuneration policy is applicable to all                  • Regular sports activities: poundfit, zumba, yoga,
employees without exception, in line with the prevailing               badminton, futsal, tennis, and table tennis;
regulations.                                                         • Religious activities: Moslem gathering and Christian
The lowest monthly salary paid by the Bank to its                      community;
employees in 2024 was recorded to be Rp5,195,906, in                 • Mid-year Town Hall for all employees in July; and
DKI Jakarta. This figure was equal to the province’s                 • Employee year-end gathering (annual staff event) in
statutory minimum wage in 2024.                                        December.


164 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 165
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis        Corporate Governance (GCG)
                                                                                                                                        Sustainability




Training and Competence Development
Training and competence development programmes provided to employees in 2024 included:
• Leadership (Core Programme);
• Mandatory certifications and internal accreditation;
• Soft skills, such as, communication skills, selling techniques, coaching skills, presentation skills, service quality;
• Technical skills, such as courses on trade finance, graphonomy, and occupational health & safety;
• Sharing sessions, disseminations, and workshops;
• On-the-job training;
• Talent Development Programme; and
• Management Development Programme.


 Training Indicators                                                                                                                         Total

 Total Programmes                                                                                                                             285

 Total Participants                                                                                                                        16,314

 Total Learning Duration in Man-days                                                                                                        3,299

 Average Man-days/Employees                                                                                                                       8

 Man-days >= 3 Days                                                                                                                            391

 Training Distribution                                                                                                                    99.75%


                                                                                                                      Total
 Directorate                                                             Untrained            Trained            Employees            Fulfilment

 CEO                                                                                0                   18                18                100%

 Compliance                                                                         0                   21                21                100%

 Corporate & Institutional Banking                                                  0                  22                22                 100%

 Credit                                                                             0                   41                41                100%

 Finance                                                                            0                   18                18                100%

 Human Resources                                                                    0                   14                14                100%

 Operations & Technology                                                             1                 90                 91                  99%

 Retail Banking                                                                     0                 135                135                100%

 Risk                                                                               0                  20                20                 100%

 Management Development Program                                                     0                   16                16                100%

 Treasury & Financial Institution                                                   0                    7                 7                100%

 Total                                                                               1               402               403                99.75%


                                                                                                                                            2024

 Programme                                                                 Number of Programmes                      Number of Participants

 Mandatory/Core Programmes                                                                               26                                   355

 Accreditations & Certifications                                                                         35                                   456

 Technical/Functional Training                                                                          189                                 9,507

 Leadership & Professional Development                                                                    12                                     71

 Talent Development Programmes                                                                               8                                604

 Learning Forums & Engagement Events                                                                      13                                2,124

 Learning Center & Infrastructure                                                                            2                                    0


                                                                                                   PT Bank QNB Indonesia Tbk Annual Report 2024 — 165
Page 166
Sustainable Operations (continued)
Eco-Conscious Operations
As part of its sustainability commitment, QNB Indonesia has implemented various initiatives to gradually reduce the carbon
footprint of its operations. One of the essential efforts to achieve this target is through extensive recording and reporting
of each source of emissions in the Bank.
In 2024, the Bank recorded carbon emissions from its various business activities, especially from its employees’ business
travel. In addition, the Bank also uses a significant amount of energy to operate all of its offices. The energy used for
the Bank’s various activities (categorised under Scopes 1 and 2 based on the GHG Protocol) in 2024 as a whole reached
3,959 gigajoules (GJ), and resulted in the emission of 668 tonnes of CO2eq. This is equivalent to an energy intensity of
9.8 GJ and emission intensity of 1.7 tonnes of CO2eq for each employee.
The Bank also calculates the Scope 3 carbon emissions, specifically those grouped under Category 6 based on the GHG
Protocol, namely employee travel. In 2024, the Bank’s emissions from employee travel amounted to 27 tonnes of CO2eq.
Furthermore, the Bank measures paper waste generated from its operational activities, and in 2024 it reached 1,991 kg,
a reduction of 30% from 2023’s usage.

                                                                         Energy              Energy             Emission               CO2eq
                                                                      Conversion        Consumption           Conversion           Emissions
 Source                                          Unit    Amount           Factor          2024 (GJ)               Factor        2024 (tonnes)
 Scope 1
                                                                      0.0342 GJ/                               2.0975 kg
 Gasoline for Vehicles                          litres      11,686           litre                 400        CO2eq/litre                 25
                                                                      0.0386 GJ/                                2.5121 kg
 Diesel for Generators                          litres      2,844            litre                   110      CO2eq/litre                   7
 Scope 2
                                                                      0.0036 GJ/                              0.6635 kg/
 Electricity Usage                              kWh      958,069            kWh                   3,449             kWh                  636
 Total (Scopes 1 & 2)                                                                            3,959                                   668
 Scope 3
 Category 6: Employee Travel            headcount             403              N/A                  N/A    ICAO Dataset                   27
 Total (Scopes 1, 2, & 3)                                                                                                                695




                     By practicing sustainable banking, QNB Indonesia is committed to a greener world for future generations.



166 — PT Bank QNB Indonesia Tbk Annual Report 2024
Page 167
2024 Highlights    Reports to Stakeholders   Company Profile      Management Discussion and Analysis       Corporate Governance (GCG)
                                                                                                                                            Sustainability




Beyond Banking
QNB Indonesia continued its commitment to corporate social
responsibility in 2024 through various impactful initiatives geared
to boost the quality of education, health, and community life in
Indonesia.
                                                                              The QNB Indonesia Goes to School campaign was held
                                                                              in March and November 2024 and targeted students at
                                                                              SMKN 66 and SMK Assa’adah, both in Jakarta. These
                                                                              events garnered the participation of 128 students from
                                                                              those two schools, alongside 33 Bank employees. These
                                                                              figures marked an increase in participation compared to
                                                                              the previous year. A pre- and post-event survey indicated
                                                                              an 8.17% improvement in students’ financial knowledge,
                                                                              from a score of 70.53% at the pre-test to 78.70%
                                                                              afterwards.
                                                                              Students demonstrated their understanding through
                                                                              the designing of 15 e-posters on financial planning tips.

                                                                              Book Donation
                                                                              Through the book donation initiative, Bank employees
                                                                              were encouraged to contribute to enhancing literacy by
                                                                              donating books to public spaces. In 2024, a total of
                                                                              124 books were collected and distributed effectively
                                                                              through Jakarta Bookhive, a public book-sharing campaign.

    QNB Indonesia's breast cancer awareness-raising initiatives               Blood Donation
          in 2024 reflect its commitment to improving
                                                                              One initiative of the Bank’s in 2024 tackled the critical
                          public health.
                                                                              issue of blood supply availability in the Indonesian
                                                                              healthcare system. Through this annual blood donation
                                                                              drive, 84 employees of the Bank participated in
QNB Indonesia’s “Beyond Banking” efforts have been                            the programme held in August 2024. In total, 67 blood
made manifest through donations, financial literacy and                       bags were collected and subsequently handed over to
healthcare awareness campaigns, as well as employee                           the Indonesian Red Cross (PMI). The Bank plans to
engagement programmes, all aligned with its mission to                        continue carrying out similar drives in the future.
support sustainable growth in the community.
                                                                              Breast Cancer Awareness
PC Donations
                                                                              Cognizant of the rising prevalence of breast cancer in
A key CSR initiative undertaken by QNB Indonesia in 2024                      society, even among young and otherwise healthy
was the personal computer (PC) donation programme.                            individuals, in 2024 the Bank took a proactive stance
As it was geared towards improving the availability and                       to promote awareness of this health issue. The campaign
quality of education infrastructure in schools, several of                    took place with a series of health-related activities,
the programme’s events were integrated into the Bank’s                        including QNB Kita Sport, educational sessions, and free
landmark CSR initiative, “QNB Indonesia Goes to                               ultrasound (USG) check-up for employees. In this
School”, which has been running since 2018 to boost                           initiative, the Bank collaborated with Lovepink Indonesia,
financial literacy in young Indonesians across the country,                   leading to 30 employees receiving free USG screenings.
through various educational school-based activities.
A total of 50 PC units were donated to five institutions in
2024: SMK Wisata Indonesia, SMKN 66 Jakarta, Pondok
Pesantren Roudlotul Muta’allimin, SDN Cikeas 01, and
SMK Assa’adah.

QNB Indonesia Goes to School
This longstanding effort of QNB Indonesia in raising
financial awareness and literacy among school students
through basic financial planning and entrepreneurship
workshops continued in 2024. At the event, the Bank
expanded its educational modules and encouraged
students to learn about entrepreneurship. The students
are also invited to participate in business simulations.

                                                                                                       PT Bank QNB Indonesia Tbk Annual Report 2024 — 167
Page 168
Financial Statements
QNB Indonesia's resounding financial performance in 2024 reflects a dedication to
responsible banking and visionary planning in a tremendously dynamic market.
Page 169
2024 Highlights   Reports to Stakeholders   Company Profile   Management Discussion and Analysis   Corporate Governance (GCG)   Sustainability
Page 170
This page is intentionally left blank.
Page 171
PT Bank QNB Indonesia Tbk

Laporan keuangan tanggal 31 Desember 2024
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Financial statements as of December 31, 2024
and for the year then ended
with independent auditor’s report
Page 172
                                             SURAT PERNYATAAN DIREKSI
                                 TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN
                                  UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL
                                       31 DESEMBER 2024 DAN 31 DESEMBER 2023
                                         PT BANK QNB INDONESIA Tbk ("BANK")
                                           BOARD OF DIRECTORS' STATEMENT
                             REGARDING THE RESPONSIBILITY ON THE FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31DECEMBER 2024 AND 31DECEMBER 2023
                                         PT BANK QNB INDONESIA Tbk ("BANK')

Kami yang bertanda tangan di bawah ini/We, the undersigned:

 1.     Nama/Name                                            Nick Groene
        Alamat Kantor/Office Address                         Revenue Tower, District 8, SCBD Lot 13
                                                             JI. Jendral Sudirman Kavling 52-53
                                                             Jakarta
       Alamat RumahlResidential Address                      District 8 @Senopati Tower Eternity Unit 101
                                                             JI. Senopati Raya Lot. 28 SCBD, Senayan Keb. Baru
        Nomor Telepon/Phone Number                           (021)5155155
        Jabatan/Position                                     Direktur UtamalPresident Director
 2.     Nama/Name                                            Gede Shanta Wiguna
        Alamat Kantor/Office Address                         Revenue Tower, District 8, SCBD Lot 13
                                                             JI. Jendral Sudirman Kavling 52-53
                                                             Jakarta
       Alamat RumahlResidential Address                      Komp BPPT H8/B3, Rt 009/003 ,
                                                             Kel. Meruya Utara, Kec. Kembangan, Jakarta Barat
        Nomor Telepon/Phone Number                           (021)5155155
        Jabatan/Position                                     Direktur/Director
 menyatakan bahwa:                                                   declare that:
 1.     Kami bertanggung jawab atas penyusunan dan penyajian         1.   We are responsible for the preparation and presentatfon
        laporan keuangan Bank;                                            of the Bank's financial statements;

 2.     Laporan keuangan Bank telah disusun dan disajikan sesuai     2.   The Bank's financial statements have been prepared and
        dengan Standar Akuntansi Keuangan di Indonesia;                   presented in accordance with Indonesian Financial
                                                                          Accounting Standards;

 3.     a. Semua informasi dalam laporan keuangan Bank telah         3.   a. All information in the Bank's financial statements has
           dimuat secara lengkap dan benar;                                  been disclosed in a complete and truthful manner;
        b. Laporan keuangan Bank tidak mengandung informasi               b. The Bank's financial statements do not contain
           atau fakta material yang tidak benar, dan tidak                   misleading information or material facts nor do they
           menghilangkan informasi atau fakta material;                      omit information or material facts;
 4.     Kami bertanggung jawab atas sistem pengendalian internal     4.    We are responsible for the Bank's internal control system;
        dalam Bank;

 5. Kami bertanggung jawab atas kepatuhan terhadap hukum             5.    We are responsible for the compliance with laws and
     dan peraturan yang berlaku.                                           regulations.
 Demikian Pernyataan ini dibuat dengan sebenarnya.                    This Statement has been made truthfully.

                                           Jakarta, 28 Februari 2025 / February 28, 2025
                             Atas Hama dan mewakili Direksi/For and on behalf of the Board of Directors




                                                                             Gede Shanta Wiquna
                                 rres~aenr u~rector                                Director




      PT Bank QNB Indonesia Tbk           Jl. Jend. Sudirman Kay. 52-53      Tel: (+62 21) 515 5155
      Revenue Tower, 8t'' Floor           Jakarta 12190                      Fax: (+62 21) 515 5388                       gnb.co.id
      District 8, SCBD Lot 13
Page 173
                                                               The original financial statements included herein are in
                                                                                             the Indonesian language.

          PT BANK QNB INDONESIA TBK                               PT BANK QNB INDONESIA TBK
              LAPORAN KEUANGAN                                       FINANCIAL STATEMENTS
          TANGGAL 31 DESEMBER 2024                                  AS OF DECEMBER 31, 2024
     DAN UNTUK TAHUN YANG BERAKHIR PADA                          AND FOR THE YEAR THEN ENDED
              TANGGAL TERSEBUT                                WITH INDEPENDENT AUDITOR’S REPORT
     BESERTA LAPORAN AUDITOR INDEPENDEN

                      Daftar Isi                                            Table of Contents

                                          Halaman/
                                           Pages


Laporan Auditor Independen                                                         Independent Auditor’s Report

Laporan Posisi Keuangan ……………………………....       1-2     ………………………… Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                            Statement of Profit or Loss and Other
    Komprehensif Lain ………………………………….          3-4     ……………………………Comprehensive Income

Laporan Perubahan Ekuitas ……………………………          5      …………………………Statement of Changes in Equity

Laporan Arus Kas ………………………………………...           6-7     ………………..……………… Statement of Cash Flows

Catatan Atas Laporan Keuangan ………………………     8-137     ………………………Notes to the Financial Statements




                                   ************************
Page 174
                                                                              The original report included herein is in
                                                                                             the Indonesian language.



Laporan Auditor Independen                               Independent Auditor’s Report

Laporan No.      00121/2.1032/AU.1/07/1681-              Report    No.       00121/2.1032/AU.1/07/1681-
2/1/II/2025                                              2/1/II/2025


Pemegang     Saham,     Dewan         Komisaris,         The Shareholders and the                    Boards        of
dan Direksi                                              Commissioners and Directors
PT Bank QNB Indonesia Tbk                                PT Bank QNB Indonesia Tbk

Opini                                                    Opinion

Kami telah mengaudit laporan keuangan PT Bank            We have audited the accompanying financial
QNB Indonesia Tbk (“Bank”) terlampir, yang terdiri       statements of PT Bank QNB Indonesia Tbk (the
dari    laporan     posisi  keuangan       tanggal       “Bank”), which comprise the statement of
31 Desember 2024, serta laporan laba rugi dan            financial position as of December 31, 2024, and
penghasilan komprehensif lain, laporan perubahan         the statement of profit or loss and other
ekuitas, dan laporan arus kas untuk tahun yang           comprehensive income, statement of changes in
berakhir pada tanggal tersebut, serta catatan atas       equity, and statement of cash flows for the year
laporan keuangan, termasuk informasi kebijakan           then ended, and notes to the financial statements,
akuntansi material.                                      including material accounting policy information.

Menurut opini kami, laporan keuangan terlampir           In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang            statements present fairly, in all material respects,
material, posisi keuangan Bank tanggal                   the financial position of the Bank as of
31 Desember 2024, serta kinerja keuangan dan             December 31, 2024, and its financial
arus kasnya untuk tahun yang berakhir pada               performance and cash flows for the year then
tanggal tersebut, sesuai dengan Standar                  ended, in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia.                         Accounting Standards.

Basis opini                                              Basis for opinion

Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung              Indonesian      Institute   of   Certified   Public
jawab kami menurut standar tersebut diuraikan            Accountants (“IICPA”). Our responsibilities under
lebih lanjut dalam paragraf Tanggung Jawab               those standards are further described in the
Auditor terhadap Audit atas Laporan Keuangan             Auditor’s Responsibilities for the Audit of the
pada laporan kami. Kami independen terhadap              Financial Statements paragraph of our report. We
Bank berdasarkan ketentuan etika yang relevan            are independent of the Bank in accordance with
dalam audit kami atas laporan keuangan di                the ethical requirements that are relevant to our
Indonesia, dan kami telah memenuhi tanggung              audit of the financial statements in Indonesia, and
jawab etika lainnya berdasarkan ketentuan                we have fulfilled our other ethical responsibilities
tersebut. Kami yakin bahwa bukti audit yang telah        in accordance with these requirements. We
kami peroleh adalah cukup dan tepat untuk                believe that the audit evidence we have obtained
menyediakan suatu basis bagi opini kami.                 is sufficient and appropriate to provide a basis for
                                                         our opinion.



                                                     i
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                                                                             The original report included herein is in
                                                                                            the Indonesian language.



Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                   Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                   2/1/II/2025 (continued)

Hal audit utama                                          Key audit matters

Hal audit utama adalah hal-hal yang, menurut             Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal             professional judgment, were of most significance
yang paling signifikan dalam audit kami atas             in our audit of the financial statements of the
laporan keuangan periode kini. Hal tersebut              current period. Such key audit matters were
disampaikan dalam konteks audit kami atas                addressed in the context of our audit of the
laporan keuangan secara keseluruhan, dan dalam           financial statements taken as a whole, and in
merumuskan opini kami atas laporan keuangan              forming our opinion thereon, and we do not
terkait, dan kami tidak menyatakan suatu opini           provide a separate opinion on such key audit
terpisah atas hal audit utama tersebut. Untuk hal        matters. For the key audit matter below, our
audit utama di bawah ini, penjelasan kami tentang        description of how our audit addressed such
bagaimana audit kami merespons hal tersebut              matter is provided in such context.
disampaikan dalam konteks tersebut.

Kami telah memenuhi tanggung jawab yang                  We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab                  the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan             Financial Statements paragraph of our report,
pada laporan kami, termasuk sehubungan dengan            including in relation to key audit matter
hal audit utama yang dikomunikasikan di bawah            communicated below. Accordingly, our audit
ini. Oleh karena itu, audit kami mencakup                included the performance of procedures designed
pelaksanaan prosedur yang didesain untuk                 to respond to our assessment of the risks of
merespons penilaian kami atas risiko kesalahan           material misstatement of the accompanying
penyajian material dalam laporan keuangan                financial statements. The results of our audit
terlampir. Hasil prosedur audit kami, termasuk           procedures, including the procedures performed
prosedur yang dilakukan untuk merespons hal              to address the key audit matter below, provide the
audit utama di bawah ini, menyediakan basis bagi         basis for our opinion on the accompanying
opini kami atas laporan keuangan terlampir.              financial statements.

Cadangan kerugian penurunan nilai atas kredit            Allowance for impairment losses on loans
yang diberikan

Penjelasan atas hal audit utama:                         Description of the key audit matter:

Seperti yang dijelaskan dalam Catatan 11 atas            As describe in Note 11 to the accompanying
laporan keuangan terlampir, pada tanggal                 financial statements, as of December 31, 2024,
31 Desember 2024, cadangan kerugian                      the balance of allowance for impairment losses on
penurunan nilai atas kredit yang diberikan adalah        loans amounted to Rp488,839 million. The
sebesar Rp488.839 juta. Kebijakan akuntansi              material accounting policies information of
material untuk cadangan kerugian penurunan nilai         allowance for impairment losses on loans are
atas kredit yang diberikan diungkapkan dalam             disclosed in Note 2s to the accompanying financial
Catatan 2s atas laporan keuangan terlampir. Kami         statements. We focused on this area because the
berfokus pada area ini karena nilai tercatat atas        carrying value of loans and the allowance for
kredit yang diberikan dan cadangan kerugian              impairment losses on loans are material to the
penurunan nilai atas kredit yang diberikan adalah        accompanying financial statements
material terhadap laporan keuangan terlampir.


                                                    ii
Page 176
                                                                                 The original report included herein is in
                                                                                                the Indonesian language.


Laporan Auditor Independen (lanjutan)                        Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                       Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                       2/1/II/2025 (continued)

Hal audit utama (lanjutan)                                   Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit                Allowance for impairment losses               on loans
yang diberikan (lanjutan)                                    (continued)

Penentuan cadangan kerugian penurunan nilai                  Determination of allowance for impairment losses
memerlukan      pertimbangan     dan     memiliki            requires judgement and is subject to estimation
ketidakpastian    estimasi   termasuk      dalam             uncertainty which includes determining the model
penentuan model untuk menghitung cadangan                    to calculate allowance for impairment losses,
kerugian penurunan nilai, identifikasi eksposur              identification of credit exposures with significant
kredit yang mengalami penurunan kualitas kredit              deterioration in credit quality, and determining
yang signifikan, penentuan asumsi yang                       assumptions used in the allowance for impairment
digunakan dalam model perhitungan cadangan                   losses calculation models (for exposures assessed
kerugian penurunan nilai (untuk eksposur yang                on an individual or collective basis), including
dinilai secara individu atau kolektif), termasuk             forward-looking macroeconomics factors.
faktor ekonomi makro berorientasi masa depan.

Respons audit:                                               Audit response:

Prosedur audit kami dalam merespon hal audit                 Our audit procedures to address the key audit
utama tersebut di atas mencakup, antara lain:                matter mentioned above included, among others:
menguji pengendalian utama atas pemberian                    tested of key controls over the origination, regular
kredit, melakukan penilaian kualitas kredit internal         internal credit quality assessments, recording and
secara regular, melakukan pencatatan dan                     monitoring of the loans, and general controls over
pengawasan kredit yang diberikan, serta                      the allowance for impairment losses system and
pengendalian umum atas sistem perhitungan                    the application controls over the completeness
cadangan kerugian pernurunan nilai dan                       and accuracy of data flows from source systems
pengendalian aplikasi atas kelengkapan dan                   to the allowance for impairment losses system. We
keakuratan aliran data dari sistem asal ke sistem            also obtained understanding and assessed
perhitungan cadangan kerugian penurunan nilai.               impairment       measurement         methodologies,
Kami juga memperoleh pemahaman dan menilai                   validation of allowance for impairment losses
metodologi pengukuran penurunan nilai dan                    models, inputs, bases and assumptions used by
menilai metodologi pengukuran nilai, melakukan               the Bank in calculating the allowance for
validasi model cadangan kerugian penurunan nilai,            impairment losses, and tested the classification
data masukan, dasar, dan asumsi yang digunakan               into three stage credit quality of loan portfolios in
oleh Bank dalam menghitung cadangan kerugian                 accordance with staging criteria developed by the
penurunan nilai, serta menguji tiga tahapan                  Bank for loans, tested whether historical
kualitas kredit portofolio sesuai dengan kriteria            experience is representative of current
tingkatan (staging) yang disusun oleh Bank untuk             circumstances and of the recent losses incurred in
kredit    yang    diberikan,   menguji       apakah          the portfolios, and assessed reasonableness of
pengalaman historis mewakili keadaan saat ini dan            forward-looking adjustments, macroeconomic
kerugian terkini yang terjadi dalam portofolio,              factor analysis, and probability-weighted multiple
serta menilai kewajaran atas penyesuaian asumsi              scenarios for loans.
berorientasi masa depan, analisis faktor ekonomi
makro, dan beberapa skenario probabilitas
tertimbang untuk kredit yang diberikan.



                                                       iii
Page 177
                                                                              The original report included herein is in
                                                                                             the Indonesian language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                    Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                    2/1/II/2025 (continued)

Hal audit utama (lanjutan)                                Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit             Allowance for impairment losses               on loans
yang diberikan (lanjutan)                                 (continued)

Respons audit: (lanjutan)                                 Audit response: (continued)

Untuk cadangan kerugian penurunan nilai yang              With respect to individually assessed allowance
dinilai secara individual, kami menguji sampel            for impairment losses, tested a sample of loans to
kredit yang diberikan untuk mengevaluasi                  evaluate the timely identification by the Bank of
ketepatan waktu Bank dalam melakukan                      exposures with significant deterioration in credit
identifikasi eksposur kredit yang mengalami               quality or those which have been impaired. For
penurunan kualitas kredit yang signifikan atau            cases where impairment has been identified,
yang telah mengalami penurunan nilai. Untuk               assessed the Bank’s assumptions on the expected
kasus-kasus di mana penurunan nilai telah                 future cash flows, including the value of realizable
diidentifikasi, kami menilai asumsi Bank atas arus        collateral based on available market information
kas masa depan yang akan diterima, termasuk nilai         or valuation prepared by independent valuer.
agunan yang dapat direalisasikan berdasarkan
informasi pasar yang tersedia atau penilaian yang
dilakukan oleh penilai independen.

Kami juga memeriksa keakurasian perhitungan               We checked the accuracy of the calculation of the
jumlah cadangan kerugian penurunan nilai dengan           allowance for impairment losses amount by
melakukan perhitungan ulang atas keseluruhan              recalculating     the    collective  impairment
portofolio yang penurunan nilainya dinilai secara         assessment for the entire portfolio and
kolektif dan melakukan perhitungan ulang atas             recalculating     the    individual  impairment
penurunan nilai yang dinilai secara individual            assessment on a sample basis, and assessed
berdasarkan sampel, dan menilai apakah                    whether the financial statements disclosures are
pengungkapan di laporan keuangan cukup dan                adequately and appropriately reflecting the
secara memadai mencerminkan eksposur Bank                 Bank’s exposures to credit risk and involved our
terhadap risiko kredit dan melibatkan pakar               auditor’s internal expert to assist us in the
auditor internal kami untuk membantu kami dalam           performance of the above procedures where their
melakukan prosedur-prosedur di atas ketika                specific expertise was required.
keahlian spesifik mereka diperlukan.

Hal lain                                                  Other matter

Manajemen bertanggung jawab atas informasi                Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang          information. Other information comprises the
tercantum dalam Laporan Tahunan 2024                      information included in the 2024 Annual Report
(“Laporan Tahunan”) selain laporan keuangan               (the “Annual Report”) other than the
terlampir dan laporan auditor independen kami.            accompanying financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi             independent auditor’s report thereon. The Annual
kami setelah tanggal laporan auditor independen           Report is expected to be made available to us after
ini.                                                      the date of this independent auditor’s report.



                                                     iv
Page 178
                                                                           The original report included herein is in
                                                                                          the Indonesian language.



Laporan Auditor Independen (lanjutan)                  Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                 Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                 2/1/II/2025 (continued)

Informasi lain                                         Other information

Opini kami atas laporan keuangan terlampir tidak       Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu,         statements does not cover the Annual Report, and
kami tidak menyatakan bentuk keyakinan apapun          accordingly, we do not express any form of
atas Laporan Tahunan tersebut.                         assurance on the Annual Report.

Sehubungan dengan audit kami atas laporan              In connection with our audit of the accompanying
keuangan terlampir, tanggung jawab kami adalah         financial statements, our responsibility is to read
untuk membaca Laporan Tahunan ketika tersedia          the Annual Report when it becomes available and,
dan dalam melaksanakannya, mempertimbangkan            in doing so, consider whether the Annual Report
apakah     Laporan     Tahunan    mengandung           is materially inconsistent with the accompanying
ketidakkonsistensian material dengan laporan           financial statements or our knowledge obtained in
keuangan terlampir atau pemahaman yang kami            the audit, or otherwise appears to be materially
peroleh selama audit, atau mengandung                  misstated.
kesalahan penyajian material.

Ketika kami membaca Laporan Tahunan, jika kami         When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan            that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan        are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada             charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola          actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan          regulations.
peraturan perundang-undangan yang berlaku.

Tanggung jawab manajemen dan pihak yang                Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap            charged with governance for the financial
laporan keuangan                                       statements

Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation
dan penyajian wajar laporan keuangan tersebut          and fair presentation of the financial statements
sesuai dengan Standar Akuntansi Keuangan di            in accordance with Indonesian Financial
Indonesia, dan atas pengendalian internal yang         Accounting Standards, and for such internal
dianggap    perlu   oleh   manajemen     untuk         control as management determines is necessary
memungkinkan penyusunan laporan keuangan               to enable the preparation of financial statements
yang bebas dari kesalahan penyajian material,          that are free from material misstatement,
baik yang disebabkan oleh kecurangan maupun            whether due to fraud or error.
kesalahan.




                                                   v
Page 179
                                                                             The original report included herein is in
                                                                                            the Indonesian language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                    Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                    2/1/II/2025 (continued)

Tanggung jawab manajemen dan pihak yang                   Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap               charged with governance for the financial
laporan keuangan (lanjutan)                               statements (continued)

Dalam     penyusunan       laporan      keuangan,         In    preparing     the    financial    statements,
manajemen bertanggung jawab untuk menilai                 management is responsible for assessing the
kemampuan Bank dalam mempertahankan                       Bank’s ability to continue as a going concern,
kelangsungan usahanya, mengungkapkan, sesuai              disclosing, as applicable, matters related to going
dengan kondisinya, hal-hal yang berkaitan dengan          concern, and using the going concern basis of
kelangsungan usaha, dan menggunakan basis                 accounting, unless management either intends to
akuntansi     kelangsungan     usaha,      kecuali        liquidate the Bank or to cease its operations, or
manajemen memiliki intensi untuk melikuidasi              has no realistic alternative but to do so.
Bank atau menghentikan operasi, atau tidak
memiliki   alternatif   yang    realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola             Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses                  for overseeing the Bank’s financial reporting
pelaporan keuangan Bank.                                  process.

Tanggung jawab auditor terhadap audit atas                Auditor’s responsibilities for the audit of the
laporan keuangan                                          financial statements

Tujuan kami adalah untuk memeroleh keyakinan              Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan                   about whether the financial statements taken as a
secara keseluruhan bebas dari kesalahan                   whole are free from material misstatement,
penyajian material, baik yang disebabkan oleh             whether due to fraud or error, and to issue an
kecurangan maupun kesalahan, dan untuk                    Independent Auditor’s report that includes our
menerbitkan laporan auditor independen yang               opinion. Reasonable assurance is a high level of
mencakup opini kami. Keyakinan memadai                    assurance, but is not a guarantee that an audit
merupakan suatu tingkat keyakinan tinggi, namun           conducted in accordance with Standards on
bukan merupakan suatu jaminan bahwa audit                 Auditing established by the IICPA will always
yang dilaksanakan berdasarkan Standar Audit               detect a material misstatement when it exists.
yang ditetapkan oleh IAPI akan selalu mendeteksi          Misstatements can arise from fraud or error and
kesalahan penyajian material ketika hal tersebut          are considered material if, individually or in the
ada. Kesalahan penyajian dapat disebabkan oleh            aggregate, they could reasonably be expected to
kecurangan maupun kesalahan dan dianggap                  influence the economic decisions of users taken
material jika, baik secara individual maupun              on the basis of these financial statements.
agregat, dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
tersebut.




                                                     vi
Page 180
                                                                             The original report included herein is in
                                                                                            the Indonesian language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                    Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                    2/1/II/2025 (continued)

Tanggung jawab auditor terhadap audit atas                Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan)                               financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan               As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami             on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                   professional judgment and maintain professional
mempertahankan skeptisisme profesional selama             skepticism throughout the audit. We also:
audit. Kami juga:

   Mengidentifikasi dan menilai risiko kesalahan            Identify and assess the risks of material
    penyajian material dalam laporan keuangan,                misstatement of the financial statements,
    baik yang disebabkan oleh kecurangan                      whether due to fraud or error, design and
    maupun       kesalahan,    mendesain      dan             perform audit procedures responsive to such
    melaksanakan prosedur audit yang responsif                risks, and obtain audit evidence that is
    terhadap risiko tersebut, serta memeroleh                 sufficient and appropriate to provide a basis
    bukti audit yang cukup dan tepat untuk                    for our opinion. The risk of not detecting a
    menyediakan basis bagi opini kami. Risiko                 material misstatement resulting from fraud is
    tidak terdeteksinya suatu kesalahan penyajian             higher than for one resulting from error, as
    material yang disebabkan oleh kecurangan                  fraud may involve collusion, forgery,
    lebih tinggi daripada yang disebabkan oleh                intentional omissions, misrepresentations, or
    kesalahan,     karena    kecurangan     dapat             override of internal control.
    melibatkan kolusi, pemalsuan, penghilangan
    secara sengaja, pernyataan salah, atau
    pengabaian pengendalian internal.

   Memeroleh suatu pemahaman tentang                        Obtain an understanding of internal control
    pengendalian internal yang relevan dengan                 relevant to the audit in order to design audit
    audit untuk mendesain prosedur audit yang                 procedures that are appropriate in the
    tepat sesuai dengan kondisinya, tetapi bukan              circumstances, but not for the purpose of
    untuk tujuan menyatakan opini atas                        expressing an opinion on the effectiveness of
    keefektivitasan pengendalian internal Bank.               the Bank’s internal control.

   Mengevaluasi ketepatan kebijakan akuntansi               Evaluate the appropriateness of accounting
    yang digunakan serta kewajaran estimasi                   policies used and the reasonableness of
    akuntansi dan pengungkapan terkait yang                   accounting estimates and related disclosures
    dibuat oleh manajemen.                                    made by management.




                                                    vii
Page 181
                                                                               The original report included herein is in
                                                                                              the Indonesian language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                     Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                     2/1/II/2025 (continued)

Tanggung jawab auditor terhadap audit atas                 Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan)                                financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan                As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami              on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                    professional judgment and maintain professional
mempertahankan skeptisisme profesional selama              skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                               (continued)

   Menyimpulkan ketepatan penggunaan basis                   Conclude on the appropriateness of
    akuntansi     kelangsungan      usaha   oleh               management's use of the going concern basis
    manajemen dan, berdasarkan bukti audit yang                of accounting and, based on the audit evidence
    diperoleh,     apakah      terdapat    suatu               obtained, whether a material uncertainty
    ketidakpastian material yang terkait dengan                exists related to events or conditions that may
    peristiwa    atau    kondisi    yang   dapat               cast significant doubt on the Bank's ability to
    menyebabkan keraguan signifikan atas                       continue as a going concern. If we conclude
    kemampuan Bank untuk mempertahankan                        that a material uncertainty exists, we are
    kelangsungan      usahanya.     Ketika  kami               required to draw attention in our independent
    menyimpulkan       bahwa     terdapat  suatu               auditor’s report to the related disclosures in
    ketidakpastian material, kami diharuskan                   the financial statements or, if such disclosures
    untuk menarik perhatian dalam laporan                      are inadequate, to modify our opinion. Our
    auditor independen kami ke pengungkapan                    conclusions is based on the audit evidence
    terkait dalam laporan keuangan atau, jika                  obtained up to the date of our independent
    pengungkapan tersebut tidak memadai,                       auditor’s report. However, future events or
    memodifikasi opini kami. Kesimpulan kami                   conditions may cause the Bank to cease to
    didasarkan pada bukti audit yang diperoleh                 continue as a going concern.
    hingga tanggal laporan auditor independen
    kami. Namun, peristiwa atau kondisi masa
    depan dapat menyebabkan Bank tidak dapat
    mempertahankan kelangsungan usahanya.

   Mengevaluasi penyajian, struktur, dan isi                 Evaluate the overall presentation, structure,
    laporan keuangan secara keseluruhan,                       and content of the financial statements,
    termasuk pengungkapannya, dan apakah                       including the disclosures, and whether the
    laporan keuangan mencerminkan transaksi                    financial statements represent the underlying
    dan peristiwa yang mendasarinya dengan                     transactions and events in a manner that
    suatu cara yang mencapai penyajian wajar.                  achieves fair presentation.

Kami mengomunikasikan kepada pihak yang                    We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,               governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                   planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                 significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan          deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi           during our audit.
oleh kami selama audit.



                                                    viii
Page 182
                                                                            The original report included herein is in
                                                                                           the Indonesian language.



Laporan Auditor Independen (lanjutan)                    Independent Auditor's Report (continued)

Laporan No. 00121/2.1032/AU.1/07/1681-                   Report    No.   00121/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                   2/1/II/2025 (continued)

Tanggung jawab auditor terhadap audit atas               Auditor's responsibilities for the audit of the
laporan keuangan (lanjutan)                              financial statements (continued)

Kami juga memberikan suatu pernyataan kepada             We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola            with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang           relevant    ethical  requirements    regarding
relevan       mengenai      independensi,     dan        independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh           relationships and other matters that may
hubungan, Berta hal-hal lain yang dianggap secara        reasonably be thought to bear on our
wajar berpengaruh terhadap intlependensi kami,           independence, and where applicable, related
dan, jika relevan, pengamanan terkait.                   safeguards.

Dari hal-hal yang dikomunikasikan kepada pihak           From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami            charged with governance, we determine those
menentukan hal-hal tersebut yang paling                  matters that were of most significance in the audit
signifikan dalam audit atas laporan keuangan             of the finanual statements of the current period
periode kini dan oleh karenanya menjadi hal audit        and are therefore the key audit matters. We
utama. Kami menguraikan hal audit utama                  describe such key audit matters in our
tersebut dalam laporan auditor independen kami           independent auditor's report unless laws or
kecuali peraturan perundang-undangan melarang            regulations preclude public disclosure about such
pengungkapan publik tentang hal audit utama              key audit matters or when, in extremely rare
tersebut atau ketika, dalam kondisi yang sangat          circumstances, we determine that a key audit
jarang terjadi, kami menentukan bahwa suatu hal          matter should not be communicated in our
audit utama tidak boleh dikomunikasikan dalam            independent auditor's report because the adverse
laporan auditor independen kami karena                   consequences of doing so would reasonably be
konsekuensi        yang      merugikan       dari        expected to outweigh the public interest benefits
mengomunikasikan        hal    tersebut     akan         of such communication.
diekspektasikan secara wajar melebihi manfaat
kepentingan publik atas komunikasi tersebut.


                                 KAP Purwantono, Sungkoro & Surja




                                    Christophorus Alvin Kossim
         Registrasi Akuntan Publik No. AP.1681/Public Accountant Registration No. AP.1681

                                28 Februari 2025/February 28, 2025

                                                                                             [7 ,, "` ,        ~'~ ~i
                                                                                                           .r N .~{
                                                                                                       ~'k',*~



                                                                                             ~~ ~ ''
                                                    IX                                                 00127
Page 183
                                                                                     The original financial statements included herein are in
                                                                                                                   the Indonesian language.

                PT BANK QNB INDONESIA TBK                                              PT BANK QNB INDONESIA TBK
                 LAPORAN POSISI KEUANGAN                                            STATEMENT OF FINANCIAL POSITION
                  Tanggal 31 Desember 2024                                                As of December 31, 2024
                (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                              unless otherwise stated)

                                                               Catatan/
                                             2024               Notes                2023
ASET                                                                                                                              ASSETS

Kas                                              36.917      2d,2f,5,34,37                  24.445                                    Cash

                                                              2d,2f,2g,6,                                      Current accounts with Bank
Giro pada Bank Indonesia                        410.213        34,35,38                  543.920                            Indonesia

Giro pada bank lain                                          2d,2e,2f,2g ,                              Current accounts with other banks
    Pihak berelasi                                  316       2s,7,34,35,                    282                      Related parties
    Pihak ketiga                                 38.502           37                     183.822                         Third parties
                                                 38.818                                  184.104
Cadangan kerugian penurunan nilai                    (7)                                     (15)         Allowance for impairment losses
Neto                                             38.811                                  184.089                                       Net

Penempatan pada Bank Indonesia                                2d,2f,2h,2s,                           Placements with Bank Indonesia and
   dan bank lain                                              8,34,35,37                                                 other banks
   Pihak berelasi                               321.900                                        -                      Related parties
   Pihak ketiga                               1.014.401                                1.092.008                        Third parties
                                              1.336.301                                1.092.008

Tagihan derivatif                                   3.269      2f,2i,9,34                      11                   Derivative receivables

Efek-efek yang dibeli dengan janji                              2f,2k,2s                                       Securities purchased under
   dijual kembali                                        -       10,34                 2.977.202                  agreements to resell

Kredit yang diberikan                                        2d,2e,2f,2l,2s,                                                         Loans
   Pihak berelasi                                   892       11,30,34,35,                 1.976                        Related parties
   Pihak ketiga                               8.453.674        36,37,39                5.954.448                          Third parties
                                              8.454.566                                5.956.424
Cadangan kerugian penurunan nilai              (488.839)                                (507.139)         Allowance for impairment losses
Neto                                          7.965.727                                5.449.285                                       Net

Efek-efek                                                    2d,2e,2f,2m,2s,                                                    Securities
   Pihak ketiga                               2.160.025       12,30,34,37                389.952                          Third parties

Beban dibayar dimuka                             43.198          13,43                      33.035                           Prepayments

Aset pajak tangguhan - neto                     249.124          2n,22                   280.354                 Deferred tax assets - net

Aset tetap dan aset hak guna                                  2o,2s,14,43                             Fixed assets and right-of-use assets
   Biaya perolehan                              548.423                                  509.672                                  Cost
   Akumulasi penyusutan                        (345.236)                                (296.756)           Accumulated depreciation
Nilai buku                                      203.187                                  212.916                               Book value

Aset takberwujud                                                 2p,15                                                  Intangible assets
   Biaya perolehan                              176.709                                  164.411                                 Cost
   Akumulasi amortisasi                        (116.160)                                (104.519)            Accumulated amortization
Nilai buku                                       60.549                                     59.892                             Book value

Agunan yang diambil alih - neto                 236.041        2q,2s,16                  250.416                   Foreclosed assets - net

                                                                2d,2f,2r
Aset lain-lain - neto                           109.511       17,34,35,37                255.960                        Other assets - net
TOTAL ASET                                   12.852.873                              11.753.485                          TOTAL ASSETS




   Catatan atas laporan keuangan terlampir merupakan                         The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                       integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                   1
Page 184
                                                                                     The original financial statements included herein are in
                                                                                                                   the Indonesian language.

               PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
            LAPORAN POSISI KEUANGAN (lanjutan)                                STATEMENT OF FINANCIAL POSITION (continued)
                 Tanggal 31 Desember 2024                                               As of December 31, 2024
               (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                   kecuali dinyatakan lain)                                             unless otherwise stated)


                                                              Catatan/
                                             2024              Notes                 2023
LIABILITAS DAN EKUITAS                                                                                           LIABILITIES AND EQUITY

Liabilitas segera                                21.022     2d,2f,18,34,37                  12.555            Liabilities payable on demand

Simpanan dari nasabah                                                                                              Deposits from customers
   Pihak berelasi                                98.429      2d,2e,2f,2t,                 80.145                        Related parties
   Pihak ketiga                               7.243.449      19,34,35,37               6.259.058                           Third parties
                                              7.341.878                                6.339.203

Simpanan dari bank lain                                                                                           Deposits from other banks
   Pihak berelasi                               322.474      2d,2e,2f,2t,                      276                       Related parties
   Pihak ketiga                                      17      20,34,35,37                     1.556                          Third parties
                                                322.491                                      1.832
                                                               2d,2f,2i,
Liabilitas derivatif                                7.775    2e,2f,2i,9,34                   1.838                       Derivative payables

Efek-efek yang dijual dengan janji                           2f,2k,3c,3d,                                              Securities sold under
   dibeli kembali                                95.873         21,34                    385.051                 repurchase agreements

Liabilitas imbalan kerja                         75.739       2e,2v,23                      67.187                     Employment benefits

Beban masih harus dibayar dan                                 2d,2f,2n,
   liabilitas lain-lain                         239.383       24,34,37                   254.370                Accruals and other liabilities
TOTAL LIABILITAS                              8.104.161                                7.062.036                       TOTAL LIABILITIES

EKUITAS                                                                                                                              EQUITY

Modal saham - nilai nominal Rp250                                                                         Share capital - par value of Rp250
  (Rupiah penuh) per saharn                                                                                     (whole Rupiah) per share
  Modal dasar 40.000.000.000                                                                           Authorized capital 40,000,000,000
    saham masing-masing per                                                                           shares as of December 31, 2024
    31 Desember 2024 dan 2023                                                                                                 and 2023
  Modal ditempatkan dan                                                                                                   Issued and fully
    disetor penuh                                                                                                           paid capital
    35.158.048.365 saham                                                                                       35,158,048,365 shares
    masing-masing per                                                                                        as of December 31, 2024
    31 Desember 2024 dan 2023                 8.789.512       1b,2w,25                 8.789.512                              and 2023

Tambahan modal disetor                           (33.588)     2w,2x,26                   (33.588)                   Additional paid-in capital

Dana setoran modal                                  3.652                                    3.652                         Advanced capital

Cadangan nilai wajar - neto                         (201)        12                            (61)                  Fair value reserve - net

Saldo laba (defisit):                                                                                            Retained earnings (deficit):
   Telah ditentukan penggunaannya                  7.396                                   6.396                           Appropriated
   Belum ditentukanpenggunaannya              (4.018.059)                             (4.074.462)                       Unappropriated
TOTAL EKUITAS                                 4.748.712                                4.691.449                            TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS                 12.852.873                              11.753.485          TOTAL LIABILITIES AND EQUITY




   Catatan atas laporan keuangan terlampir merupakan                         The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                       integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                  2
Page 185
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

               PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
                 LAPORAN LABA RUGI DAN                                          STATEMENT OF PROFIT OR LOSS AND
            PENGHASILAN KOMPREHENSIF LAIN                                         OTHER COMPREHENSIVE INCOME
           Untuk Tahun yang Berakhir pada Tanggal                                        For the Year Ended
                      31 Desember 2024                                                   December 31, 2024
               (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                   kecuali dinyatakan lain)                                            unless otherwise stated)


                                          Tahun yang Berakhir pada Tanggal 31 Desember/
                                                     Year Ended December 31

                                                              Catatan/
                                               2024            Notes             2023*)

PENDAPATAN DAN BEBAN                                                                                            OPERATING INCOME
  OPERASIONAL                                                                                                    AND EXPENSES

Pendapatan bunga                                 734.563 2d,2e,2z,28,35             944.701                               Interest income
Beban bunga                                     (283.644) 2d,2e,2z,28,35           (420.826)                            Interest expense
                                                                46

PENDAPATAN BUNGA - NETO                          450.919                           523.875                 INTEREST INCOME - NET


PENDAPATAN OPERASIONAL
  LAINNYA                                                                                             OTHER OPERATING INCOME

Provisi dan komisi - neto                         31.562       2aa,29               63.006                 Fees and commission - net
Pendapatan transaksi perdagangan - neto             (319)       2ab                 19.895                       Trading income - net
Lain-lain                                         61.983         46                161.469                                    Others

TOTAL PENDAPATAN                                                                                                   TOTAL OTHER
  OPERASIONAL LAINNYA                             93.226                           244.370                  OPERATING INCOME


BEBAN OPERASIONAL LAINNYA                                                                          OTHER OPERATING EXPENSES

Beban karyawan                                  (265.369)    2e,2v,31,35           (289.816)                    Personnel expenses
Beban umum dan administrasi                     (200.832)       32,46              (229.711)     General and administrative expenses
Pemulihan/(penyisihan) cadangan                                                                   Reversal/(provision) for impairment
  kerugian penurunan nilai aset keuangan          19.021       2s,30               (136.468)            losses on financial assets
Kerugian atas penjualan aset keuangan                  -        11                  (39.668)          Loss on sale of financial assets
Lain-lain                                        (10.560)                            (4.875)                                    Others

TOTAL BEBAN                                                                                                       TOTAL OTHER
  OPERASIONAL LAINNYA                           (457.740)                          (700.538)            OPERATING EXPENSES


LABA OPERASIONAL                                  86.405                             67.707             INCOME FROM OPERATION

Pendapatan bukan operasional                           90        46                   3.827                     Non-operating income
Beban bukan operasional                               (85)       46                  (2.285)                  Non-operating expenses

PENDAPATAN BUKAN                                                                                                     NON-OPERATING
  OPERASIONAL - NETO                                     5                            1.542                          INCOME - NET


LABA SEBELUM PAJAK                                                                                        PROFIT BEFORE INCOME
  PENGHASILAN                                     86.410                             69.249                    TAX EXPENSES

Beban pajak penghasilan                          (30.772)      2n,22                       -                        Income tax expense

LABA TAHUN BERJALAN                               55.638                             69.249                  PROFIT FOR THE YEAR




*) Setelah reklasifikasi (Catatan 46)                                                                     *) After reclassification (Note 46)



   Catatan atas laporan keuangan terlampir merupakan                     The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                   integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                 3
Page 186
                                                                                  The original financial statements included herein are in
                                                                                                                the Indonesian language.


             PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
               LAPORAN LABA RUGI DAN                                           STATEMENT OF PROFIT OR LOSS AND
       PENGHASILAN KOMPREHENSIF LAIN (lanjutan)                              OTHER COMPREHENSIVE INCOME (continued)
         Untuk Tahun yang Berakhir pada Tanggal                                         For the Year Ended
                    31 Desember 2024                                                    December 31, 2024
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)


                                           Tahun yang Berakhir pada Tanggal 31 Desember/
                                                      Year Ended December 31

                                                               Catatan/
                                                2024            Notes             2023*)

LABA TAHUN BERJALAN                                55.638                             69.249                  PROFIT FOR THE YEAR


PENGHASILAN KOMPREHENSIF LAIN                                                                    OTHER COMPREHENSIVE INCOME

Pos-pos yang akan direklasifikasikan                                                                Items that would be reclassified to
  ke laba rugi:                                                                                                         profit or loss:
  Perubahan nilai wajar efek-efek                                                                  Fair value changes of securities
    yang diukur pada nilai wajar melalui                                                          measured at fair value through
    penghasilan komprehensif lain                      (179)    2m,12                (36.210)      other comprehensive income
  Pajak penghasilan terkait dengan                                                                             Income tax related to
    pos-pos yang akan                                                                                        items that would be
    direklasifikasikan ke laba rugi                      39     12,22                  7.966          reclassified to profit or loss

                                                       (140)                         (28.244)

Pos-pos yang tidak akan                                                                          Items that would not be reclassified to
  direklasifikasikan ke laba rugi:                                                                                       profit or loss:
  Pengukuran kembali atas liabilitas                                                               Remeasurements of obligation for
     imbalan pasca-kerja                               2.262    2v,23                      508         post-employment benefits
  Pajak penghasilan terkait dengan                                                                               Income tax related to
     pos-pos yang tidak akan                                                                              items that would not be
     direklasifikasikan ke laba rugi                   (497)     22                     (112)         reclassified to profit or loss

                                                       1.765                               396

Penghasilan (kerugian) komprehensif                                                                Other comprehensive income (loss)
  lain setelah pajak                                   1.625                         (27.848)                            net of tax

Total penghasilan komprehensif                                                                                    Total comprehensive
  tahun berjalan                                   57.263                             41.401                     income for the year


LABA PER SAHAM DASAR                                                                                   EARNING PER SHARE BASIC
  (dalam Rupiah penuh)                                  1,58    2y,33                   2,50                    (in whole Rupiah)




*) Setelah reklasifikasi (Catatan 46)                                                                      *) After reclassification (Note 46)




   Catatan atas laporan keuangan terlampir merupakan                      The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                    integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                 4
Page 187
                                                                                                                                                  The original financial statements included herein are in the Indonesian language.


                        PT BANK QNB INDONESIA TBK                                                                                                    PT BANK QNB INDONESIA TBK
                       LAPORAN PERUBAHAN EKUITAS                                                                                                 STATEMENT OF CHANGES IN EQUITY
          Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024                                                                                For the Year Ended December 31, 2024
            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                    (Expressed in millions of Rupiah, unless otherwise stated)




                                                                   Tambahan                                                         Saldo laba (defisit)/
                                                                     Modal                                                       Retained earnings (deficit)
                                                     Modal          disetor/                            Cadangan nilai
                                                     saham/        Additional        Dana setoran        wajar - neto/       Telah ditentukan   Belum ditentukan
                                          Catalan/    Share         paid-in             modal/            Fair value         penggunaannya/     penggunaannya/            Total ekuitas/
                                           Notes     capital        capital         Advanced capital     reserve - net         Appropriated      Unappropriated            Total Equity

Saldo per 31 Desember 2022                             5.109.171         (30.150)          3.683.926             28.183                 6.396            (4.144.107)             4.653.419        Balance as of December 31, 2022


Laba tahun berjalan                                            -                -                  -                     -                  -                  69.249               69.249                         Profit for the year
Pengukuran kembali atas liabilitas                                                                                                                                                                  Remeasurements of obligation for
  imbalan pasca kerja - setelah pajak                          -                -                  -                     -                  -                    396                   396    post-employment benefits - net of tax
Keuntungan yang belum direalisasi atas                                                                                                                                                                  Unrealized gain on securities
  efek-efek diukur pada nilai wajar                                                                                                                                                                          measured at fair value
  melalui penghasilan komrephensif lain                                                                                                                                                       through other comprehensive income
  - setelah pajak                                              -                -                  -            (28.244)                    -                        -             (28.244)                            - net of tax
Hasil emisi bersih dari
  Penawaran Umum Terbatas VII                          3.680.341               -          (3.680.274)                    -                  -                        -                  67       Net proceed from Public Offering VII
Biaya emisi saham                           26                 -          (3.438)                  -                     -                  -                        -              (3.438)                     Share issuance cost

Saldo per 31 Desember 2023                             8.789.512         (33.588)              3.652                (61)                6.396            (4.074.462)             4.691.449        Balance as of December 31, 2023


Laba tahun berjalan                                            -                -                  -                     -                  -                  55.638               55.638                           Profit for the year
Pengukuran kembali atas liabilitas                                                                                                                                                                  Remeasurements of obligation for
  imbalan pasca kerja - setelah pajak                          -                -                  -                     -                  -                   1.765                1.765    post-employment benefits - net of tax
Keuntungan yang belum direalisasi atas                                                                                                                                                                  Unrealized gain on securities
  efek-efek diukur pada nilai wajar                                                                                                                                                                          measured at fair value
  melalui penghasilan komrephensif lain                                                                                                                                                       through other comprehensive income
  - setelah pajak                                              -                -                  -               (140)                    -                       -                 (140)                                net of tax
Pembentukan cadangan umum                   27                 -                -                  -                  -                 1.000                  (1.000 )                  -           Appropriation for general reserve

Saldo per 31 Desember 2024                             8.789.512         (33.588)              3.652               (201)                7.396            (4.018.059)             4.748.712        Balance as of December 31, 2024




    Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan                              The accompanying notes to the financial statements form an integral part of these financial
                       dari laporan keuangan secara keseluruhan.                                                                             statements taken as a whole.


                                                                                                         5
Page 188
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

               PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
                    LAPORAN ARUS KAS                                                STATEMENT OF CASH FLOWS
           Untuk Tahun yang Berakhir pada Tanggal                               For the Year Ended December 31, 2024
                      31 Desember 2024                                            (Expressed in millions of Rupiah,
               (Disajikan dalam jutaan Rupiah,                                         unless otherwise stated)
                   kecuali dinyatakan lain)


                                        Tahun yang Berakhir pada Tanggal 31 Desember/
                                                   Year Ended December 31

                                                              Catatan/
                                              2024             Notes             2023*)

ARUS KAS DARI                                                                                                 CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                                       OPERATING ACTIVITIES

Penerimaan bunga                                 872.280                            854.297            Receipts from interest income
Pembayaran bunga                                (281.863)       46                 (433.487)           Payments for interest expense
Penerimaan provisi dan komisi                     36.152                             66.011       Receipts from fees and commission
Pembayaran provisi dan komisi                     (4.916)                            (5.020)       Payments for fees and commission
Pembayaran beban karyawan                       (247.998)                          (271.979)        Payments for personnel expenses
Pembayaran imbalan pasca-kerja                    (6.557)       23                  (18.207)     Payment for post employment benefit
Penerimaan pendapatan lainnya                     64.486        46                  127.276              Receipts from other income
Pembayaran beban lainnya - neto                 (140.318)       46                 (229.682)       Payments for other expenses - net
Penerimaan pendapatan bukan                                                                           Proceeds from non-operational
  operasional                                            -      46                        2                                 income
Pembayaran beban bukan                                                                                  Payments for non-operational
  operasional                                          (85)     46                   (1.667)                             expenses

Perubahan dalam aset dan                                                                                  Changes in operating assets
  liabilitas operasi:                                                                                                 and liabilities:

   Penurunan (kenaikan)                                                                                       Decrease (increase) in
    dalam aset operasi:                                                                                          operating assets:
      Penempatan pada Bank Indonesia                                                            Placements with Bank Indonesia
        dan bank lain                           (321.900)                                  -                  and other banks
      Efek-efek yang dibeli dengan                                                                   Securities purchased under
        janji dijual kembali                   2.977.202                            95.020               agreements to resell
      Tagihan akseptasi                                -                           188.512              Acceptance receivables
      Kredit yang diberikan                   (2.498.145)                        3.669.944                                Loans
      Beban dibayar di muka                      (20.622)                          (38.375)                        Prepayments
      Aset lain-lain                              69.430                           550.719                          Other assets

   Kenaikan (penurunan) dalam                                                                       Increase (decrease) in operating
    liabilitas operasi:                                                                                                     liabilities:
       Liabilitas segera                           8.467                            (11.473)       Liabilities payable on demand
       Simpanan dari nasabah                   1.002.675                         (4.265.421)            Deposits from customers
       Simpanan dari bank lain                   320.659                             (5.470)           Deposits from other banks
       Efek-efek yang dijual dengan                                                                           Securities sold under
         janji dibeli kembali                   (289.178)                          385.051            repurchased agreements
       Liabilitas akseptasi                            -                           (26.336)                  Acceptance payables
       Beban masih harus dibayar dan                                                                                  Accruals and
          liabilitas lain-lain                       6.294                          (42.043)                      other liabilities

Arus kas neto diperoleh dari                                                                             Net cash flows provided by
  aktivitas operasi                            1.546.063                           587.672                     operating activities


ARUS KAS DARI AKTIVITAS                                                                            CASH FLOWS FROM INVESTING
  INVESTASI                                                                                                      ACTIVITIES

Penerimaan atas efek-efek yang telah                                                                         Proceeds from matured
  jatuh tempo                                    250.030                           124.169                                securities
Penempatan pada efek-efek                     (2.020.106)                                -                  Placements in securities
Hasil penjualan aset tetap                           110        14                   5.107         Proceeds from sale of fixed assets
Perolehan aset tetap                             (42.309)      14,42                   (89)               Acquisition of fixed assets
Perolehan aset tak berwujud                       (7.942)      15,42                  (195)           Acquisition of intangible assets

Arus kas neto (digunakan untuk)                                                                            Net cash flows (used in)
  diperoleh dari aktivitas investasi          (1.820.217)                          128.992        provided by investing activities


*) Setelah reklasifikasi (Catatan 46)                                                                     *) After reclassification (Note 46)

   Catatan atas laporan keuangan terlampir merupakan                     The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                   integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                6
Page 189
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.



               PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
               LAPORAN ARUS KAS (lanjutan)                                  STATEMENT OF CASH FLOWS (continued)
           Untuk Tahun yang Berakhir pada Tanggal                            For the Year Ended December 31, 2024
                      31 Desember 2024                                         (Expressed in millions of Rupiah,
               (Disajikan dalam jutaan Rupiah,                                      unless otherwise stated)
                   kecuali dinyatakan lain)


                                        Tahun yang Berakhir pada Tanggal 31 Desember/
                                                   Year Ended December 31

                                                            Catatan/
                                              2024           Notes             2023*)

ARUS KAS DARI AKTIVITAS                                                                         CASH FLOWS FROM FINANCING
  PENDANAAN                                                                                                   ACTIVITIES

Pembayaran pinjaman diterima                           -      43               (1.000.000)                  Payment on borrowings
Penerbitan saham baru                                  -                               67                     Issuance new shares
Biaya emisi saham                                      -      26                   (3.438)                     Share issuance cost
Pembayaran liabilitas sewa                       (23.062)     43                  (24.148)                Payment of lease liabilities

Arus kas neto digunakan untuk                                                                                Net cash flows used in
  aktivitas pendanaan                            (23.062)                      (1.027.519)                    financing activities


Penurunan neto Kas                                                                                           Net decrease in Cash
  dan Setara Kas                                (297.216)                        (310.855)                 and Cash Equivalents

Pengaruh neto perubahan kurs                                                                            Net effect of exchange rate
  pada Kas dan Setara Kas                        (46.912)                          20.903          on Cash and Cash Equivalents

Kas dan Setara Kas                                                                                      Cash And Cash Equivalents
  Awal Tahun                                   1.844.477                       2.134.429                    at Beginning of Year

Kas dan Setara Kas,                                                                                   Cash and Cash Equivalents,
  Akhir Tahun                                  1.500.349                       1.844.477                     at The End of Year



Komponen Kas dan Setara Kas                                                                                 Component of Cash and
                                                                                                                Cash Equivalents

Kas                                               36.917      2b,5                24.445                                      Cash
Giro pada Bank Indonesia                         410.213      2b,6               543.920      Current accounts with Bank Indonesia
Giro pada bank lain                               38.818      2b,7               184.104         Current accounts with other banks
Penempatan pada Bank Indonesia
  dan bank lain jatuh tempo                                                                    Placements with Bank Indonesia and
  dalam 3 (tiga) bulan                                                                       other banks maturing within 3 (three)
  sejak tanggal perolehan                      1.014.401      2b,8             1.092.008        months since the acquisition date

                                               1.500.349                       1.844.477




*) Setelah reklasifikasi (Catatan 46)                                                                   *) After reclassification (Note 46)



   Catatan atas laporan keuangan terlampir merupakan                   The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                 integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                              7
Page 190
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

          PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


1.   Umum                                                       1.   General

     a.   Pendirian dan Informasi Umum                               a.    Establishment and General Information

          PT Bank QNB Indonesia Tbk (“Bank”) didirikan                     PT Bank QNB Indonesia Tbk (“the Bank”) was
          pada tanggal 1 April 1913 dengan nama                            established on April 1, 1913 under the name
          N.V Chunghwa Shangyeh Maatschappij (The                          N.V Chunghwa Shangyeh Maatschappij (The
          Chinese Trading Bank Limited) berdasarkan                        Chinese Trading Bank Limited) based on the
          Akta No. 53 tanggal 28 April 1913 yang dibuat                    Notarial Deed No. 53 dated April 28, 1913 of
          di hadapan Notaris Leonard Hendrik-Willem                        Notary Leonard Hendrik-Willem Van Sandick
          Van Sandick dan telah disetujui berdasarkan                      and was approved based on Besluit
          Besluit Gouverneur Generaal Hindia Belanda                       Gouverneur Generaal Hindia Belanda No. 58
          No. 58 tanggal 16 Juli 1913 dan diumumkan                        dated July 16, 1913 and was published in the
          dalam Extra Bijvougsel der Javasche Courant                      Extra Bijvougsel der Javasche Courant No. 78
          No. 78 tanggal 30 September 1913.                                dated September 30, 1913.

          Berdasarkan    Surat    Keputusan Menteri                        Based on Decree of the Minister of Finance
          Keuangan     No.    191547/U.M.II tanggal                        No. 191547/U.M.II dated October 28, 1958, the
          28 Oktober 1958, Bank memulai kegiatan                           Bank started its operation as a commercial
          operasionalnya sebagai bank umum.                                bank.

          Nama Bank diubah menjadi PT Bank Kesawan                         The Bank’s name was changed to PT Bank
          berdasarkan Akta Perubahan Anggaran Dasar                        Kesawan based on the Deed of Articles
          No. 60 tanggal 10 Maret 1965 yang dibuat di                      of Association Amendment No. 60 dated March
          hadapan Ong Kiem Lian, SH, notaris di Jakarta.                   10, 1965 of Ong Kiem Lian, SH, notary public in
          Akta ini telah disahkan oleh Menteri Kehakiman                   Jakarta. This deed was approved by the
          Republik Indonesia (sekarang Menteri Hukum                       Minister of Justice of the Republic of Indonesia
          dan Hak Asasi Manusia) dalam Surat                               (currently the Minister of Laws and Human
          Keputusan No. J.A.5/68/15 tanggal 3 Juli 1965                    Rights) in its Decree No.J.A.5/68/15 dated
          dan telah diumumkan dalam Berita Negara                          July 3, 1965 and was published in the State
          Republik       Indonesia     No. 95     tanggal                  Gazette of the Republic of Indonesia No. 95
          26 November 1965, Tambahan No. 95.                               dated November 26, 1965, Supplement No. 95.

          Perubahan status Bank dari Bank tertutup                         The change of the Bank’s status from a private
          menjadi Bank terbuka adalah berdasarkan Akta                     Bank to a public Bank was effected by the Deed
          Pernyataan     Keputusan     Rapat    Umum                       of Extraordinary Shareholders’ General
          Pemegang Saham Luar Biasa No. 22 tanggal                         Meeting No. 22 dated July 25, 2001 of Fathiah
          25 Juli 2001 yang dibuat dihadapan Fathiah                       Helmi, SH, notary public in Jakarta. This deed
          Helmi, SH, notaris di Jakarta. Akta ini telah                    was approved by the Minister of Justice of the
          memperoleh      persetujuan   dari   Menteri                     Republic        of      Indonesia         dated
          Kehakiman Republik Indonesia tanggal                             December 27, 2001 in his Decree No. C-
          27 Desember 2001 dengan Surat Keputusan                          20973.HT.01.04.TH.2001 and was published
          No.      C-20973.HT.01.04.TH.2001       serta                    into the State Gazette of the Republic of
          diumumkan dalam Berita Negara Republik                           Indonesia No. 75 dated September 17, 2002,
          Indonesia No. 75 tanggal 17 September 2002,                      Supplement No. 11113.
          Tambahan No. 11113.

          Dengan akuisisi saham Bank oleh Qatar                            Subsequently, following the acquisition of the
          National Bank (Q.P.S.C.) (dahulu Qatar                           Bank’s shares by Qatar National Bank
          National Bank SAQ) pada tanggal 26 Januari                       (Q.P.S.C.) (formerly Qatar National Bank SAQ)
          2011, nama Bank diubah menjadi PT Bank                           on January 26, 2011, the Bank’s name was
          QNB Kesawan Tbk berdasarkan Akta                                 changed into PT Bank QNB Kesawan Tbk
          Pernyataan     Keputusan       Rapat   Umum                      based on the Deed of Extraordinary
          Pemegang Saham Luar Biasa No. 23 tanggal                         Shareholders’ General Meeting No. 23 dated
          16 September 2011 yang dibuat di hadapan                         September 16, 2011 of Fathiah Helmi, SH,
          Fathiah Helmi, SH, notaris di Jakarta.                           notary public in Jakarta.




                                                            8
Page 191
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

          PT BANK QNB INDONESIA TBK                                    PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                              As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                            for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                    unless otherwise stated)


1.   Umum (lanjutan)                                          1.   General (continued)

     a.   Pendirian dan Informasi Umum (lanjutan)                  a.    Establishment and General Information
                                                                         (continued)

          Akta ini telah memperoleh persetujuan dari                     This deed was approved by the Minister of
          Menteri Hukum dan Hak Asasi Manusia                            Laws and Human Rights of the Republic of
          Republik    Indonesia  berdasarkan   Surat                     Indonesia in his Decree No. AHU-
          keputusan No. AHU-51180.AH.01.02 Tahun                         51180.AH.01.02 Year 2011 dated October 21,
          2011 tanggal 21 Oktober 2011 dan telah                         2011 and was announced in the State Gazette
          diumumkan dalam Berita Negara Republik                         of the Republic of Indonesia No. 93 dated
          Indonesia No. 93 tanggal 20 November 2012,                     November 20, 2012, Supplement No. 72137.
          Tambahan No. 72137.

          Selanjutnya nama bank berubah menjadi                          Subsequently, the bank’s name was changed
          PT Bank QNB Indonesia Tbk berdasarkan Akta                     into PT Bank QNB Indonesia Tbk based on The
          Pernyataan      Keputusan   Rapat   Umum                       deed of Minutes of Annual Shareholders’
          Pemegang Saham Tahunan No. 35 tanggal                          General Meeting No. 35 dated July 23, 2014.
          23 Juli 2014. Akta ini telah mendapat                          This deed was approved by the Minister of
          persetujuan Menteri Hukum dan Hak Asasi                        Laws and Human Rights of the Republic of
          Manusia     Republik    Indonesia  dengan                      Indonesia with the Deed No. AHU-
          keputusannya No. AHU-06136.40.20.2014                          06136.40.20.2014 dated July 24, 2014.
          tanggal 24 Juli 2014.

          Anggaran Dasar Bank telah mengalami                            The Bank’s Articles of Association has been
          beberapa kali perubahan. Perubahan terakhir                    amended several times. The latest amendment
          sebagaimana      dinyatakan    dalam    Akta                   was stated on the Deed of Statement of Annual
          Pernyataan     Keputusan     Rapat     Umum                    General Meeting of Shareholders No. 27 dated
          Pemegang Saham Tahunan No. 27 tanggal 30                       May 30, 2024, drawn up before Fathiah Helmi,
          Mei 2024, yang dibuat dihadapan Fathiah                        S.H., Notary in Jakarta. This deed has received
          Helmi, SH, notaris di Jakarta. Perubahan                       Notification of Amendment to the Articles of
          Anggaran Dasar Bank tersebut telah diterima                    Articles of Association from the Ministry of Law
          dan dicatat dalam Sistem Administrasi Badan                    and Human Rights of the Republic of Indonesia
          Hukum Kementerian Hukum dan Hak Asasi                          No.        AHU-AH.01.03-0142925            dated
          Manusia Republik Indonesia No. AHU-                            June 12, 2024. This deed was approved by the
          AH.01.03-0142925 tanggal 12 Juni 2024. Akta                    Minister of Laws and Human Rights of the
          ini telah memperoleh persetujuan dari Menteri                  Republic of Indonesia in his Decree
          Hukum dan Hak Asasi Manusia Republik                           No. AHU-0034915.AH.01.02 Year 2024 dated
          Indonesia berdasarkan Surat keputusan                          June 12, 2024.
          No. AHU-0034915.AH.01.02 Tahun 2024
          tanggal 12 Juni 2024.

          Sesuai dengan pasal 3 Anggaran Dasar Bank,                     According to article 3 of the Bank’s Articles of
          ruang   lingkup   kegiatan Bank     adalah                     Association, the scope of the Bank’s activities
          menjalankan kegiatan umum perbankan.                           is to engage in general banking business.

          Bank memperoleh persetujuan sebagai                            The Bank was granted a license as a Foreign
          Pedagang Valuta Asing berdasarkan Surat                        Exchange Trader based on the Decree of the
          Keputusan     Direksi    Bank    Indonesia                     Director of Bank Indonesia No. 28/366/UD/Adv
          No. 28/366/UD/Adv tanggal 4 Desember 1995.                     dated December 4, 1995.

          Bank memperoleh persetujuan menjadi Bank                       The Bank was granted a license to conduct
          Devisa berdasarkan Surat Keputusan Direksi                     foreign exchange activities based on the
          Bank Indonesia No. 28/150/KEP/DIR tanggal                      Decree of the Director of Bank Indonesia
          22 Februari 1996.                                              No. 28/150/KEP/DIR dated February 22, 1996.

          Bank memperoleh persetujuan menjadi Bank                       The Bank was granted a license as a National
          Devisa Persepsi Kas Negara berdasarkan                         Cash Perception Foreign Exchange Bank
          Surat Keputusan Menteri Keuangan Republik                      based on the Decree of the Minister of Finance
          Indonesia   No.S-452/MK.03/1996   tanggal                      of the Republic of Indonesia No. S-
          16 Agustus 1996.                                               452/MK.03/1996 dated August 16, 1996.

                                                          9
Page 192
                                                                           The original financial statements included herein are in
                                                                                                         the Indonesian language.

          PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


1.   Umum (lanjutan)                                             1.   General (continued)

     a.   Pendirian dan Informasi Umum (lanjutan)                     a.    Establishment and General Information
                                                                            (continued)

          Kantor Pusat Bank berlokasi di Revenue Tower,                     The Bank’s head office is located at Revenue
          District 8, SCBD Lot 13, Jalan Jendral Sudirman                   Tower, District 8, SCBD Lot 13, Jalan Jendral
          Kavling 52-53, Jakarta. Pada 31 Desember                          Sudirman Kavling 52-53, Jakarta. As of
          2024, Bank mempunyai 1 kantor pusat non-                          December 31, 2024, Bank has 1 non-
          operasional, 6 kantor cabang, 2 kantor cabang                     operational head office, 6 branch offices, 2 sub-
          pembantu, 2 kantor fungsional dan 11 ATM di                       branch offices, 2 functional office and 11 ATMs
          seluruh Indonesia. Pada 31 Desember 2023,                         across Indonesia. As of December 31, 2023,
          Bank mempunyai 1 kantor pusat non-                                Bank has 1 non-operational head office, 6
          operasional, 6 kantor cabang, 2 kantor cabang                     branch offices, 2 sub-branch offices, 2
          pembantu, 2 kantor fungsional dan 11 ATM di                       functional office and 11 ATMs across
          seluruh Indonesia.                                                Indonesia.

          Pada tanggal 31 Desember 2024 dan 31                              As of December 31, 2024 and December 31,
          Desember 2023, Bank memiliki masing-masing                        2022, the Bank had 403 and 401 employees
          403 dan 401 karyawan (tidak diaudit).                             (unaudited), respectively.
          Bank, melalui pemegang saham mayoritasnya,                        The Bank, through its majority shareholder,
          Qatar National Bank (Q.P.S.C.), merupakan                         Qatar National Bank (Q.P.S.C.), is ultimately
          bagian dari Qatar National Bank Group. Qatar                      part of the Qatar National Bank Group. The
          National Bank Group memiliki anak perusahaan                      Qatar National Bank Group has subsidiaries
          dan afiliasi di seluruh dunia.                                    and affiliates throughout the world.

     b.   Penawaran Umum Saham Bank                                   b.    Public Offering of the Bank's Shares

          Pada tanggal 31 Oktober 2002, Bank                                On October 31, 2002, the Bank obtained the
          memperoleh Pernyataan Efektif dari Ketua                          Effective Notification from the Chairman of the
          Badan Pengawas Pasar Modal (Bapepam)                              Capital Market Supervisory Agency (Bapepam)
          berdasarkan         Surat        Keputusan                        through its Decree No. S-2369/PM/2002 in
          No. S-2369/PM/2002 dalam rangka penawaran                         relation to the public offering of its 78,800,000
          umum atas 78.800.000 lembar saham Bank                            shares with par value and at the offering price
          dengan nilai nominal dan harga penawaran                          of Rp250 (in full Rupiah) per share. The Bank’s
          sebesar Rp250 (dalam Rupiah penuh) per                            shares were traded in Jakarta Stock Exchange
          saham. Saham Bank tersebut diperdagangkan                         starting November 21, 2002. (On November 30,
          di Bursa Efek Jakarta mulai tanggal                               2007, Jakarta Stock Exchange and Surabaya
          21 November      2002.     (Pada    tanggal                       Stock Exchange were merged to form
          30 November 2007, Bursa Efek Jakarta dan                          Indonesia Stock Exchange).
          Bursa Efek Surabaya telah bergabung menjadi
          Bursa Efek Indonesia).

          Dalam penawaran umum saham ini dikeluarkan                        These new shares were furnished by Warrants
          pula Waran Seri I (waran) yang diberikan                          Series I (warrant), which were granted to the
          secara cuma-cuma kepada pemegang saham                            new shareholders as a compliment. Each holder
          baru. Setiap pemegang 2 saham baru Bank                           of 2 Bank’s new shares received 3 warrants;
          memperoleh 3 waran, sehingga jumlah waran                         accordingly, the total number of warrants issued
          yang diterbitkan adalah sebanyak 118.200.000                      was 118,200,000 warrants. Each warrant
          lembar. Setiap 1 waran memberikan hak                             entitled the holder to buy 1 Bank’s new share at
          kepada pemegang waran untuk membeli 1                             the exercise price. The execution period was
          saham baru Bank pada harga pelaksanaannya.                        from May 21, 2003 to November 18, 2005. Up
          Jangka waktu pelaksanaan waran yang                               to the last exercise date on November 18, 2005,
          diterbitkan adalah sejak tanggal 21 Mei 2003                      the number of exercised warrants was
          sampai dengan tanggal 18 November 2005.                           101,219,000 warrants at exercise price of
          Sampai dengan tanggal pelaksanaan terakhir                        Rp250 (in full Rupiah) or amounting to
          yaitu tanggal 18 November 2005, waran yang                        Rp25,305.
          telah     dilaksanakan    adalah    sebanyak
          101.219.000 waran pada harga pelaksanaan
          Rp250 (dalam Rupiah penuh) atau seluruhnya
          sebesar Rp25.305.

                                                            10
Page 193
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

          PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


1.   Umum (lanjutan)                                            1.   General (continued)

     b.   Penawaran Umum Saham Bank (lanjutan)                       b.    Public Offering of the Bank's Shares
                                                                           (continued)

          Pada tanggal 15 Juni 2009, Bank memperoleh                       On June 15, 2009, the Bank obtained the
          Pernyataan Efektif dari Ketua Badan Pengawas                     Effective Notification from the Chairman of the
          Pasar Modal dan Lembaga Keuangan                                 Capital Market Supervisory Agency and
          (Bapepam-LK) berdasarkan Surat Keputusan                         Financial Institutions (Bapepam-LK) through its
          No.S-5209/BL/2009 dalam rangka Penawaran                         Decree No. S-5209/BL/2009 in relation to the
          Umum Terbatas I (PUT I) dengan menerbitkan                       First Limited Public Offering (PUT I) by
          Hak Memesan Efek Terlebih Dahulu (HMETD)                         conducting the Rights Issue (HMETD)
          sejumlah 125.304.750 saham dengan nilai                          amounting to 125,304,750 shares with par
          nominal Rp250 (dalam Rupiah penuh) per                           value of Rp250 (in full Rupiah) per share at an
          saham yang ditawarkan dengan harga Rp320                         offering price of Rp320 (in full Rupiah) per
          (dalam Rupiah penuh) per saham.                                  share.

          Setelah PUT I, modal ditempatkan dan disetor                     After the PUT I, the Bank’s issued and fully paid
          Bank meningkat menjadi 626.523.750 lembar                        capital increased to 626,523,750 shares or
          saham atau senilai Rp156.631.                                    Rp156,631.

          Pada tanggal 27 Desember 2010, Bank                              On December 27, 2010, the Bank obtained the
          memperoleh Pernyataan Efektif dari Ketua                         Effective Notification from the Chairman of
          Bapepam-LK berdasarkan Surat Keputusan                           Bapepam-LK through its Decree No. S-
          No.    S-11585/BL/2010   dalam      rangka                       11585/BL/2010 in relation to the Second
          Penawaran Umum Terbatas II (PUT II) dengan                       Limited Public Offering (PUT II) by conducting
          menerbitkan Hak Memesan Efek Terlebih                            the Rights Issue (HMETD) amounting to
          Dahulu (HMETD) sejumlah 2.935.263.768                            2,935,263,768 shares with par value and at the
          saham dengan nilai nominal dan harga                             offering price of Rp250 (in full Rupiah) per
          penawaran sebesar Rp250 (dalam Rupiah                            share.
          penuh) per saham.

          Setelah PUT II, modal ditempatkan dan disetor                    After the PUT II, the Bank’s issued and fully
          Bank meningkat menjadi 3.561.787.518 lembar                      paid capital increased to 3,561,787,518 shares
          saham atau senilai Rp890.447.                                    or Rp890,447.

          Pada tanggal 27 Mei 2013, Bank memperoleh                        On May 27, 2013, the Bank obtained the
          Pernyataan Efektif dari Otoritas Jasa Keuangan                   Effective Notification from Otoritas Jasa
          (“OJK”)   berdasarkan       Surat    Keputusan                   Keuangan (“OJK”) through its Decree No. S-
          No. S-141/D.04/2013 dalam rangka Penawaran                       141/D.04/2013 in relation to the Third Limited
          Umum Terbatas III (PUT III) dengan                               Public Offering (PUT III) by conducting the
          menerbitkan Hak Memesan Efek Terlebih                            Rights Issue (HMETD) amounting to
          Dahulu (HMETD) sejumlah 2.596.543.000                            2,596,543,000 shares with par value and at the
          saham dengan nilai nominal dan harga                             offering price of Rp250 (in full Rupiah) per
          penawaran sebesar Rp250 (dalam Rupiah                            share.
          penuh) per saham.

          Setelah PUT III, modal ditempatkan dan disetor                   After the PUT III, the Bank’s issued and fully
          Bank meningkat menjadi 6.158.330.518 lembar                      paid capital increased to 6,158,330,518 shares
          saham atau senilai Rp1.539.583.                                  or Rp1,539,583.




                                                           11
Page 194
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

          PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


1.   Umum (lanjutan)                                            1.   General (continued)

     b.   Penawaran Umum Saham Bank (lanjutan)                       b.    Public Offering of the Bank's Shares
                                                                           (continued)

          Pada tanggal 2 Juni 2014, Bank memperoleh                        On June 2, 2014, the Bank obtained the
          Pernyataan Efektif dari Otoritas Jasa Keuangan                   Effective Notification from Financial Service
          (OJK)    berdasarkan       Surat     Keputusan                   Authority    (OJK)     through    its  Decree
          No. S-253/D.04/2014 dalam rangka Penawaran                       No. S-253/D.04/2014 in relation to the fourth
          Umum Terbatas IV (PUT IV) dengan                                 Limited Public Offering (PUT IV) by conducting
          menerbitkan Hak Memesan Efek Terlebih                            the Rights Issue (HMETD) amounting to
          Dahulu (HMETD) sejumlah 2.598.815.479                            2,598,815,479 shares with par value and at the
          saham dengan nilai nominal dan harga                             offering price of Rp250 (in full Rupiah) per
          penawaran sebesar Rp250 (dalam Rupiah                            share.
          penuh) per saham.

          Setelah PUT IV, modal ditempatkan dan disetor                    After the PUT IV, the Bank’s issued and fully
          Bank meningkat menjadi 8.757.145.997 lembar                      paid capital increased to 8,757,145,997 shares
          saham atau senilai Rp2.189.287.                                  or Rp2,189,287.

          Pada tanggal 20 Juni 2017, Bank memperoleh                       On June 20, 2017, the Bank obtained the
          Pernyataan Efektif dari OJK berdasarkan Surat                    Effective Notification from OJK through its
          Keputusan No. S-330/D.04/2017 dalam rangka                       Decree No. S-330/D.04/2017 in relation to the
          Penawaran Umum Terbatas V (PUT V) dengan                         fifth Limited Public Offering (PUT V) by
          menerbitkan Hak Memesan Efek Terlebih                            conducting the Rights Issue (HMETD) of
          Dahulu (HMETD) sejumlah 8.235.719.252                            8,235,719,252 shares with par value and at the
          saham dengan nilai nominal dan harga                             offering price of Rp250 (in full Rupiah) per
          penawaran sebesar Rp250 (dalam Rupiah                            share.
          penuh) per saham.

          Setelah PUT V, modal ditempatkan dan disetor                     After the PUT V, the Bank’s issued and fully
          Bank meningkat menjadi 16.992.865.249                            paid capital increased to 16,992,865,249
          lembar saham atau senilai Rp4.248.216.                           shares or Rp4,248,216.

          Pada tanggal 22 Mei 2018, Bank memperoleh                        On May 22, 2018, the Bank obtained the
          Pernyataan Efektif dari OJK berdasarkan Surat                    Effective Notification from OJK through its
          Keputusan No. S-53/D.04/2018 dalam rangka                        Decree No. S-53/D.04/2018 in relation to the
          Penawaran Umum Terbatas VI (PUT VI)                              sixth Limited Public Offering (PUT VI) by
          dengan menerbitkan Hak Memesan Efek                              conducting the Rights Issue (HMETD) of
          Terlebih    Dahulu      (HMETD)      sejumlah                    3,786,010,377 shares with par value and at the
          3.786.010.377 saham dengan nilai nominal dan                     offering price of Rp250 (in full Rupiah) per
          harga penawaran sebesar Rp250 (dalam                             share.
          Rupiah penuh) per saham.

          Setelah PUT VI, modal ditempatkan dan disetor                    After the PUT VI, the Bank’s issued and fully
          Bank meningkat menjadi 20.436.685.984                            paid capital increased to 20,436,685,984
          lembar saham atau senilai Rp5.109.171.                           shares or Rp5,109,171.

          Pada tanggal 28 April 2023, Bank memperoleh                      On April 28, 2023, the Bank obtained the
          Pernyataan Efektif dari OJK berdasarkan Surat                    effective notification from OJK through its
          Keputusan No. S-109/D.04/2023 dalam rangka                       Decree No. S-109/D.04/2023 in relation to the
          Penawaran Umum Terbatas VII (PUT VII)                            Limited Public Offering VII (PUT VII) by
          dengan menerbitkan Hak Memesan Efek                              conducting the Rights Issue (HMETD) of
          Terlebih    Dahulu      (HMETD)      sejumlah                    14,721,362,381 shares with par value and the
          14.721.362.381 saham dengan nilai nominal                        offering price of Rp250 (in full Rupiah) per
          dan harga penawaran sebesar Rp250 (dalam                         share.
          Rupiah penuh) per saham.




                                                           12
Page 195
                                                                                                  The original financial statements included herein are in
                                                                                                                                the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                              PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                        As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                              unless otherwise stated)


1.   Umum (lanjutan)                                                                    1.   General (continued)

     b.   Penawaran Umum Saham Bank (lanjutan)                                               b.    Public Offering of the Bank's Shares
                                                                                                   (continued)

          Setelah PUT VII, modal ditempatkan dan                                                   After the PUT VII, the Bank’s issued and fully
          disetor    Bank     meningkat   menjadi                                                  paid capital increased to 35,158,048,365 shares
          35.158.048.365 lembar saham atau senilai                                                 or Rp8,789,512.
          Rp8.789.512.

     c.   Dewan Komisaris dan Direksi                                                        c.    Board of Commissioners and Board of
                                                                                                   Directors

          Susunan terakhir Dewan Komisaris dan Direksi                                             The latest composition of Board of
          dimuat dalam Akta Pernyataan Keputusan                                                   Commissioners and Board of Directors are
          Rapat Umum Pemegang Saham Luar Biasa                                                     stated in Deed of Declaration of Resolution
          No. 10 tanggal 16 Desember 2024 di hadapan                                               Extraordinary Shareholders’ General Meeting
          Fathiah Helmi, SH, notaris di Jakarta. dan telah                                         No. 10 dated December 16, 2024 of Fathiah
          memperoleh      Penerimaan      Pemberitahuan                                            Helmi, SH, notary public in Jakarta and has
          Perubahan Data Bank dari Kementerian Hukum                                               obtained receipt of Notification of the Data
          Republik     Indonesia      No.AHU-AH.01.09-                                             Change from the Minister of Laws of the
          0289482 tertanggal 17 Desember 2024.                                                     Republic of Indonesia No.AHU-AH.01.09-
                                                                                                   0289482 dated December 17, 2024.

          Susunan Dewan Komisaris dan Direksi Bank                                                 The composition of the Bank’s Board of
          pada tanggal 31 Desember 2024 dan 2023                                                   Commissioners and Board of Directors as of
          adalah sebagai berikut:                                                                  December 31, 2024 and 2023 are as follows:

                                                                                 2024

          Dewan Komisaris                                                                                                          Board of Commissioners
          Komisaris Utama                             Fatma Abdulla S S Al-Suwaidi (Fatma Al-Suwaidi)                                President Commissioner
          Komisaris Independen                                        Djoko Sarwono                                               Independent Commissioner
          Komisaris Independen                                    Muhammad Anas Malla                                             Independent Commissioner
          Komisaris                                     Khalid Ahmed KH A Al-Sada (Khalid Al-Sada)                                             Commissioner

          Direksi                                                                                                                           Board of Directors
          Direktur Utama                                      Nicolas Alix Groene (Nick Groene)*                                             President Director
          Direktur                                                   Windiartono Tabingin                                                              Director
          Direktur                                                  Gede Shanta Wiguna**                                                               Director
          Direktur                                            Mario Albert Utama (Mario Utama)***                                                      Director

          *) Nick Groene telah diangkat sebagai Direktur Utama sesuai                              *) Nick Groene has been appointed as President Director based on the
          Keputusan Rapat Umum Pemegang Saham Luar Biasa pada tanggal                              Resolution of Extraordinary General Meeting of Shareholder on
          4 Desember 2024 dan berlaku efektif setelah diterimanya persetujuan                      December 4, 2024, and effective after receiving fit and proper test
          dari OJK atas penilaian kelayakan dan kepatuhan pada tanggal                             approval from OJK on December 12,2024.
          12 Desember 2024.

          **) Gede Shanta Wiguna telah diangkat sebagai Direktur sesuai                            **) Gede Shanta Wiguna has been appointed as Director based on the
          Keputusan Rapat Umum Pemegang Saham Tahunan pada tanggal                                 Resolution of Annual General Meeting of Shareholder on May 30, 2024,
          30 Mei 2024 dan berlaku efektif setelah diterimanya persetujuan dari                     and effective after receiving fit and proper test approval from OJK on
          OJK atas penilaian kelayakan dan kepatuhan pada tanggal                                  August 8, 2024.
          8 Agustus 2024.

          ***) Mario Utama telah diangkat sebagai Direktur sesuai Keputusan                        ***) Mario Utama has been appointed as Director based on the
          Rapat Umum Pemegang Saham Luar Biasa pada tanggal                                        Resolution of Extraordinary General Meeting of Shareholder on
          4 Desember 2024 dan berlaku efektif setelah diterimanya persetujuan                      December 4, 2024, and effective after receiving fit and proper test
          dari OJK atas penilaian kelayakan dan kepatuhan pada tanggal 24                          approval from OJK on January 24, 2025.
          Januari 2025.

                                                                                 2023

          Dewan Komisaris                                                                                                          Board of Commissioners
          Komisaris Utama                             Fatma Abdulla S S Al-Suwaidi (Fatma Al-Suwaidi)                                President Commissioner
          Komisaris Independen                                        Djoko Sarwono                                               Independent Commissioner
          Komisaris Independen                                    Muhammad Anas Malla                                             Independent Commissioner
          Komisaris                                     Khalid Ahmed KH A Al-Sada (Khalid Al-Sada)                                             Commissioner




                                                                                 13
Page 196
                                                                                                 The original financial statements included herein are in
                                                                                                                               the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                             PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                       As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                             unless otherwise stated)


1.   Umum (lanjutan)                                                                   1.   General (continued)

     c.   Dewan Komisaris dan Direksi (lanjutan)                                            c.    Board of Commissioners and Board of
                                                                                                  Directors (continued)

          Susunan Dewan Komisaris dan Direksi Bank                                                The composition of the Bank’s Board of
          pada tanggal 31 Desember 2024 dan 2023                                                  Commissioners and Board of Directors as of
          adalah sebagai berikut: (lanjutan)                                                      December 31, 2024 and 2023 are as follows:
                                                                                                  (continued)

                                                                                2023

          Direksi                                                                                                                            Board of Directors
          Direktur Utama                                             Haryanto Suganda*                                                        President Director
          Direktur                                                  Windiartono Tabingin                                                                Director
          Direktur                                            Nicolas Alix Groene (Nick Groene)                                                         Director
          Direktur                                                Soemenggrie Jongkamto*                                                                Director
          *) Haryanto Suganda dan Soemenggrie Jongkamto masa jabatannya                           *) Haryanto Suganda dan Soemenggrie Jongkamto resignation is
          berakhir dengan sendirinya terhitung sejak diperoleh surat                              official starting from receives OJK notification letter regarding Fit and
          pemberitahuan OJK mengenai keputusan Penilaian Kemampuan dan                            Proper Test result of President Director and Finance Director.
          Kepatutan Direktur Utama dan Direktur Keuangan.


     d.   Komite-Komite Bank                                                                d.    The Bank’s Committees

          Susunan Komite-komite Bank pada tanggal                                                 The composition of the Bank’s Committees as
          31 Desember 2024 dan 2023 adalah sebagai                                                of December 31, 2024 and 2023, are as follows:
          berikut:

          Komite Audit                                                                                                                         Audit Committee
          Ketua                                                     Muhammad Anas Malla                                                               Chairman
          Anggota                                                      Heru Subroto*                                                                   Member
          Anggota                                                       Idewan Diaz                                                                    Member


          Komite Pemantau Risiko                                                                                                  Risk Oversight Committee
          Ketua                                                          Djoko Sarwono                                                            Chairman
          Anggota                                                       Tjetjep Hasmitha                                                           Member
          Anggota                                                         Heru Subroto                                                             Member

          Komite Remunerasi dan                                                                                            Nomination and Remuneration
          Nominasi                                                                                                                          Committee
          Ketua                                                    Muhammad Anas Malla                                                       Chairman
          Anggota                                                Khalid Ahmed KH A Al-Sada                                                     Member
          Anggota                                                      Ruth Theresia**                                                        Member

          *) Heru Subroto diangkat sebagai anggota Komite Audit berdasarkan                       *) Heru Subroto has appointed as a member of the Bank’s Audit
          Surat Keputusan Direksi No. 030/SK-DIR/VI/2023 tanggal 5 Juni 2023.                     Committee based on Board of Directors Decree No.     030/SK-
                                                                                                  DIR/VI/2023 dated June 5, 2023.

          **) Ruth Theresia diangkat sebagai anggota Komite Remunerasi dan                        **) Ruth Theresia has appointed as a member of the Bank’s Nomination
          Nominasi berdasarkan Surat Keputusan Direksi 001/SK-DIR/I/2023                          and Remuneration Committee based on Board of Directors Decree No.
          tanggal 2 Januari 2023                                                                  001/SK-DIR/I/2023 dated January 2, 2023.



     e.   Sekretaris Perusahaan                                                             e.    Corporate Secretary

          Sekretaris Perusahaan pada tanggal 31                                                   The Corporate Secretary as of December 31,
          Desember 2024 dan 2023 adalah Indah                                                     2024 and 2023 is Indah Mathilda.
          Mathilda.

     f.   Kepala Satuan Kerja Audit Internal (SKAI)                                         f.    Head of Internal Audit

          Chief Auditor pada tanggal 31 Desember 2024                                             The Chief Auditor as of December 31, 2024 and
          dan 2023 adalah Romy Yulianto Santoso.                                                  2023 is Romy Yulianto Santoso.




                                                                                14
Page 197
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

          PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi Material                      2.   Summary of Material Accounting Policies

     Kebijakan-kebijakan akuntansi yang material, yang               The material accounting policies, applied in the
     diterapkan dalam penyusunan laporan keuangan                    preparation of the Bank’s financial statements as of
     Bank pada tanggal dan tahun yang berakhir                       and for the year ended December 31, 2024 and
     31 Desember 2024 dan 2023, adalah sebagai                       2023, are as follows:
     berikut:

     a.   Pernyataan Kepatuhan                                       a.    Statement of Compliance

          Laporan keuangan Bank disusun dan disajikan                      The Bank’s financial statements have been
          sesuai dengan Standar Akuntansi Keuangan                         prepared and presented in accordance with
          (“SAK”) di Indonesia.                                            Indonesian Financial Accounting Standards
                                                                           (“SAK”).

          Laporan keuangan juga disusun dan disajikan                      The financial statements have also been
          sesuai dengan peraturan Badan Pengawas                           prepared and presented in accordance with
          Pasar Modal dan Lembaga Keuangan                                 Capital Market and Financial Institutions
          (“BAPEPAM-LK”, yang fungsinya dialihkan                          Supervisory Agency (“BAPEPAM-LK”, whose
          kepada OJK sejak tanggal 1 Januari 2013)                         function has been transferred to OJK starting
          No. VIII.G.7 tanggal 25 Juni 2012, Lampiran                      January 1, 2013) rule No. VIII.G.7 dated June
          Keputusan Ketua Bapepam-LK No. Kep-                              25, 2012, Annex to the Decree of the Chairman
          347/BL/2012      tentang   “Penyajian   dan                      of    Bapepam-LK       No.    Kep-347/BL/2012
          Pengungkapan Laporan Keuangan Emiten atau                        regarding “Financial Statements Presentation
          Perusahaan Publik”.                                              and Disclosure of the Issuer or Public Bank”.

     b.   Dasar Penyusunan Laporan Keuangan                          b.    Basis for          Preparation       of    Financial
                                                                           Statements

          Laporan keuangan ini disajikan dalam Rupiah,                     Figures in these financial statements are
          yang merupakan mata uang fungsional Bank.                        presented in Rupiah, which is the Bank’s
          Kecuali dinyatakan secara khusus, informasi                      functional currency. Unless otherwise stated,
          keuangan yang disajikan telah dibulatkan                         financial information presented in Rupiah has
          menjadi jutaan Rupiah.                                           been rounded to the nearest million.

          Laporan keuangan disusun atas basis akrual                       The financial statements have been prepared
          dengan menggunakan konsep nilai historis,                        on the accrual basis using the historical cost
          kecuali jika standar akuntansi mensyaratkan                      concept, except where the accounting
          pengukuran nilai wajar.                                          standards require fair value measurement.

          Laporan arus kas menyajikan perubahan dalam                      The statement of cash flows present the
          kas dan setara kas dari aktivitas operasi,                       changes in cash and cash equivalents from
          investasi dan pendanaan. Laporan arus kas                        operating, investing and financing activities.
          disusun dengan metode langsung. Untuk tujuan                     The statement of cash flows are prepared using
          laporan arus kas, kas dan setara kas meliputi                    the direct method. For the purpose of the
          kas, giro pada Bank Indonesia, giro pada bank                    statement of cash flows, cash and cash
          lain, penempatan pada Bank Indonesia dan                         equivalents consist of cash, current accounts
          bank lain yang jatuh tempo dalam waktu tiga                      with Bank Indonesia, current accounts with
          bulan sejak tanggal perolehan, sepanjang tidak                   other banks, placements with Bank Indonesia
          digunakan sebagai jaminan atas pinjaman yang                     and other banks that mature within three
          diterima serta tidak dibatasi penggunaannya.                     months from the date of acquisition, as long as
                                                                           they are not being pledged as collateral for
                                                                           borrowing nor restricted.




                                                           15
Page 198
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     c.   Penggunaan Pertimbangan, Estimasi dan                        c.    Use of Judgments,                 Estimates       and
          Asumsi                                                             Assumptions

          Penyusunan laporan keuangan sesuai dengan                          The preparation of financial statements in
          SAK di Indonesia mengharuskan manajemen                            conformity with SAK requires Bank’s
          Bank untuk membuat pertimbangan, estimasi                          management to make judgments, estimates
          dan asumsi yang mempengaruhi penerapan                             and assumptions that affect the application of
          kebijakan akuntansi dan jumlah aset, liabilitas,                   accounting policies and the reported amounts
          pendapatan dan beban yang dilaporkan.                              of assets, liabilities, income and expenses.

          Walaupun estimasi ini dibuat berdasarkan                           Although these estimates are based on
          pengetahuan terbaik manajemen atas kejadian                        management’s best knowledge of current
          dan kegiatan saat ini, hasil aktual dapat                          events and activities, actual results may differ
          berbeda dari estimasi tersebut.                                    from those estimates.

          Estimasi dan asumsi yang digunakan ditelaah                        Estimates and underlying assumptions are
          secara berkesinambungan. Revisi atas                               reviewed on an ongoing basis. Revisions to
          estimasi akuntansi diakui pada periode dimana                      accounting estimates are recognized in the
          estimasi tersebut direvisi dan periode-periode                     periods in which the estimate is revised and in
          yang akan datang yang dipengaruhi oleh revisi                      any future periods affected.
          estimasi tersebut.

          Informasi mengenai hal-hal material yang                           Information about material areas of estimation
          terkait dengan ketidakpastian estimasi dan                         uncertainty and critical judgments in applying
          pertimbangan-pertimbangan material dalam                           accounting policies that have material effect on
          penerapan kebijakan akuntansi yang memiliki                        the amount recognized in the financial
          dampak yang signifikan terhadap jumlah yang                        statements are described in Note 4.
          diakui dalam laporan keuangan dijelaskan di
          Catatan 4.

     d.   Penjabaran Transaksi dan Saldo dalam                         d.    Foreign   Currency            Transactions        and
          Valuta Asing                                                       Balances Translation

          Transaksi-transaksi dalam valuta asing                             Transactions in foreign currencies are
          dijabarkan ke dalam Rupiah, yang merupakan                         translated into Rupiah, the Bank’s functional
          mata uang fungsional Bank, dengan                                  currency, at the exchange rates prevailing at
          menggunakan kurs pada tanggal transaksi.                           the transaction date.

          Saldo akhir tahun aset moneter dan liabilitas                      Year-end balances of monetary assets and
          moneter dalam valuta asing dijabarkan ke                           liabilities denominated in foreign currencies are
          dalam Rupiah dengan menggunakan kurs pada                          translated into Rupiah using exchange rates as
          tanggal laporan (penutupan) yang ditetapkan                        of the reporting date (closing) as determined by
          oleh Bank Indonesia, yaitu kurs tengah yang                        Bank Indonesia, i.e middle rates which are the
          merupakan rata-rata kurs beli dan kurs jual                        average of buying rates and selling rates per
          berdasarkan Reuters pada pukul 16.00 WIB                           Reuters at 16.00 Western Indonesian Time.
          setiap hari.

          Keuntungan dan kerugian selisih kurs yang                          The exchange gains and losses arising from
          timbul dari transaksi dalam valuta asing dan                       transactions in foreign currencies and from the
          dari penjabaran aset moneter dan liabilitas                        translation of monetary assets and monetary
          moneter dalam valuta asing diakui pada laba                        liabilities denominated in foreign currencies are
          rugi.                                                              recognized in profit or loss.




                                                             16
Page 199
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.     Summary of            Material     Accounting       Policies
     (lanjutan)                                                          (continued)

     d.   Penjabaran Transaksi dan Saldo dalam                           d.    Foreign   Currency     Transactions                 and
          Valuta Asing (lanjutan)                                              Balances Translation (continued)

          Laba atau rugi kurs valuta asing atas aset dan                       The foreign currency gains or losses on
          liabilitas moneter merupakan selisih antara                          monetary assets and liabilities are the
          biaya perolehan diamortisasi dalam Rupiah                            difference between amortized cost in Rupiah at
          pada awal tahun, disesuaikan dengan tingkat                          the beginning of the year, adjusted for effective
          suku bunga efektif dan pembayaran selama                             interest rate and payments during the year, and
          tahun berjalan,      dan biaya perolehan                             the amortized cost in foreign currency
          diamortisasi dalam valuta asing yang                                 translated into Rupiah using the exchange rate
          dijabarkan ke dalam Rupiah dengan                                    at the end of the year.
          menggunakan kurs pada akhir tahun.

          Aset dan liabilitas non-moneter dalam mata                           Non-monetary        assets   and     liabilities
          uang asing dijabarkan dengan menggunakan                             denominated in foreign currencies are
          kurs pada tanggal transaksi.                                         translated using the exchange rates prevailing
                                                                               at the transaction date.

          Kurs valuta asing utama yang digunakan pada                          The major exchange rates used as of reporting
          tanggal pelaporan adalah sebagai berikut                             date, are as follows (in full Rupiah):
          (Rupiah penuh):

          Valuta asing                           2024             2023                                           Foreign currencies

          Poundsterling Inggris                     20.219             19.627                             Great Britain Poundsterling
          Euro Eropa                                16.758             17.038                                         European Euro
          Dolar Amerika Serikat                     16.095             15.397                                    United States Dollar
          Franc Swiss                               15.245             15.245                                            Swiss Franc
          Dolar Singapura                           11.845             11.676                                        Singapore Dollar
          Dolar Australia                           10.014             10.521                                        Australian Dollar
          Dolar Selandia Baru                        9.926              9.926                                    New Zealand Dollar
          Riyal Qatar                                4.416              4.224                                             Qatari Riyal
          Dolar Hong Kong                            2.073              1.971                                      Hong Kong Dollar
          Baht Thailand                                456                456                                           Thailand Baht
          Yen Jepang                                   103                109                                          Japanese Yen

     e.   Transaksi dengan Pihak-pihak Berelasi                          e.    Transactions with Related Parties

          Dalam laporan keuangan ini, istilah pihak-pihak                      In these financial statements, the term related
          berelasi digunakan sesuai dengan PSAK 224                            parties is used as defined in PSAK 224
          mengenai       “Pengungkapan        Pihak-pihak                      regarding “Related Party Disclosures”, the
          Berelasi”, yang dimaksud dengan pihak yang                           meaning of a related party is a person or entity
          berelasi adalah orang atau entitas yang berelasi                     that is related to a reporting entity as follow:
          dengan entitas pelapor sebagai berikut:

          a.   Orang atau anggota keluarga terdekatnya                         a.    A person or a close member of that
               berelasi dengan entitas pelapor jika orang                            person’s family is related to a reporting
               tersebut:                                                             entity if that person:
               i. memiliki        pengendalian       atau                            i. has control or joint control over the
                    pengendalian bersama         terhadap                                 reporting entity;
                    entitas pelapor;
               ii. memiliki pengaruh signifikan terhadap                             ii.    has significant influence over the
                    entitas pelapor; atau                                                   reporting entity; or
               iii. merupakan personal manajemen                                     iii.   is member of the key management
                    kunci entitas pelapor atau entitas                                      personnel of the reporting entity or a
                    induk pelapor.                                                          parent of the reporting entity.




                                                             17
Page 200
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of             Material     Accounting     Policies
     (lanjutan)                                                          (continued)

     e.   Transaksi    dengan     Pihak-pihak     Berelasi               e.    Transactions           with     Related       Parties
          (lanjutan)                                                           (continued)

          b. Suatu entitas berelasi dengan entitas                             b.    An entity is related to a reporting entity if
             pelapor jika memenuhi hal-hal sebagai                                   any of the following conditions applies:
             berikut:
             i. entitas dan entitas pelapor adalah                                   i.     the entity and the reporting entity are
                   anggota dari kelompok usaha yang                                         member of the same the Bank (which
                   sama (artinya entitas induk, entitas                                     means that each parent, subsidiaries,
                   anak, dan entitas anak berikutnya                                        and fellow subsidiaries is related to the
                   terkait dengan entitas lain);                                            others);
             ii. satu entitas adalah entitas asosiasi                                ii.    one entity is an associate or joint
                   atau ventura bersama bagi entitas lain                                   venture of the other entity (or an
                   (atau entitas asosiasi atau ventura                                      associate or joint venture of member
                   bersama yang merupakan anggota                                           of a Bank of which the other entity is a
                   suatu kelompok usaha, di mana                                            member);
                   entitas     lain     tersebut     adalah
                   anggotanya);
             iii. kedua entitas tersebut adalah ventura                              iii.both entities are joint ventures of the
                   bersama dari pihak ketiga yang sama;                                  same third party;
             iv. satu entitas adalah ventura bersama                                 iv. one entity is a joint venture of a third
                   dari entitas ketiga dan entitas yang lain                             entity and the other entity is an
                   adalah entitas asosiasi dari entitas                                  associate of the third entity;
                   ketiga;
             v. entitas tersebut adalah suatu program                                v.     the entity is a post-employment benefit
                   imbalan pasca kerja untuk imbalan                                        plan for the benefit of employees of
                   kerja dari satu entitas pelapor atau                                     either the reporting entity or an entity
                   entitas yang terkait dengan entitas                                      related to the reporting entity. If the
                   pelapor. Jika entitas pelapor adalah                                     reporting entity in itself such a plan,
                   entitas    yang      menyelenggarakan                                    the sponsoring employers are also
                   program tersebut, maka entitas                                           related to the reporting entity.
                   sponsor juga berelasi dengan entitas
                   pelapor.
             vi. entitas yang dikendalikan atau                                      vi. the entity controlled or jointly
                   dikendalikan bersama oleh orang                                       controlled by a person identified in (a);
                   yang diidentifikasi dalam butir (a);
             vii. orang yang diidentifikasi, dalam butir                             vii. a person identified in (a) (i) has
                   (a) (i) memiliki pengaruh signifikan                                    significant influence over the entity or
                   terhadap entitas atau anggota                                           is a member of the key management
                   manajemen kunci entitas (atau entitas                                   personel of the entity (or of a parent of
                   induk dari entitas); atau                                               the entity); or
             viii. entitas, atau anggota dari kelompok                               viii. the entity, or any member of a group
                   dimana entitas merupakan bagian dari                                    of which it is a part, provides key
                   kelompok tersebut, menyediakan jasa                                     management personnel services to
                   personil manajemen kunci kepada                                         the reporting entity or to the parent of
                   entitas pelapor atau kepada entitas                                     the reporting entity.
                   induk dari entitas pelaporan.

          Semua transaksi yang signifikan dengan pihak-                        All significant transaction with related parties,
          pihak berelasi, baik dilakukan dengan                                whether or not conducted under normal terms
          menggunakan syarat dan kondisi normal                                and conditions as those with third parties, are
          maupun tidak, diungkapkan dalam Catatan 35.                          disclosed in Note 35.




                                                               18
Page 201
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.

          PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                      2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                           (continued)

     f.   Aset dan Liabilitas Keuangan                                    f.    Financial Assets and Liabilities

          Aset keuangan Bank terutama terdiri dari kas,                         The Bank’s financial assets mainly consist of
          giro pada Bank Indonesia, giro pada bank lain,                        cash, current accounts with Bank Indonesia,
          penempatan pada Bank Indonesia dan bank                               current accounts with other banks, placements
          lain, tagihan derivatif, kredit yang diberikan,                       with Bank Indonesia and other banks,
          efek-efek dan aset lain-lain.                                         derivative receivables, loans, securities and
                                                                                other assets.

          Liabilitas keuangan Bank terutama terdiri dari                        The Bank’s financial liabilities mainly consist of
          liabilitas segera, simpanan dari nasabah,                             liabilities payable on demand, deposits from
          simpanan dari bank lain, liabilitas akseptasi,                        customers, deposits from other banks,
          liabilitas derivatif, pinjaman yang diterima, efek-                   acceptance payables, derivative payables,
          efek yang diterbitkan, beban masih harus                              borrowing, marketables securities issued,
          dibayar dan liabilitas lain-lain.                                     accruals and other liabilities.

          Bank menerapkan PSAK 109, “Instrumen                                  The Bank adopted PSAK 109, “Financial
          Keuangan” yang menggantikan PSAK 239,                                 Instruments” which replaced PSAK 239,
          “Instrumen   Keuangan: Pengakuan  dan                                 “Financial Instruments: Recognition and
          Pengukuran”.                                                          Measurement”.

          (i)   Klasifikasi                                                     (i)   Classification

                Bank       mengklasifikasikan         aset                            The Bank classifies its financial assets
                keuangannya      berdasarkan      kategori                            according to the following categories at
                sebagai berikut pada saat pengakuan                                   initial recognition:
                awal:
                1. Aset keuangan yang diukur pada nilai                               1.   Financial assets measured at fair
                    wajar melalui laba rugi;                                               value through profit or loss;
                2. Aset keuangan yang diukur pada nilai                               2.   Financial assets measured at fair
                    wajar       melalui      penghasilan                                   value through other comprehensive
                    komprehensif lain;                                                     income;
                3. Aset keuangan yang diukur pada                                     3.   Financial   assets      measured at
                    biaya perolehan diamortisasi.                                          amortized cost.

                Model bisnis merefleksikan bagaimana                                  The business model reflects how groups of
                kelompok aset keuangan dikelola untuk                                 financial assets are managed to achieve a
                mencapai tujuan bisnis tertentu.                                      particular business objective.




                                                                19
Page 202
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                      f.    Financial Assets and Liabilities (continued)

          (i)   Klasifikasi (lanjutan)                                       (i)   Classification (continued)

                Bank melakukan pengujian karakteristik                             The Bank assess the contractual cash flow
                arus kas kontraktual dari aset keuangan                            characteristics of financial assets to
                yang     dikelola    untuk    mengetahui                           determine the characteristics of contractual
                karakteristik arus kas kontraktual berasal                         cash flows only from the payment of
                hanya dari pembayaran pokok dan bunga                              principal and interest from the outstanding
                dari jumlah pokok terutang (Solely                                 principal (Solely Payment of Principal and
                Payment of Principal and Interest atau                             Interest or Pass SPPI) that is consistent
                Pass SPPI) yang konsisten dengan                                   with basic lending agreement. In making
                pengaturan pinjaman dasar (Basic Lending                           the assessment, the Bank considers:
                Agreement). Dalam melakukan penilaian,
                Bank mempertimbangkan:

                •   Imbalan untuk nilai waktu dari uang;                           •    The time value of money element of
                                                                                        interest;
                •   Leverage;                                                      •    Leverage;
                •   Variabilitas pada waktu dan jumlah                             •    Variability in timing or amount of cash
                    arus kas;                                                           flows;
                •   Instrumen yang terkait secara                                  •    Contractually linked instruments;
                    kontraktual;
                •   Pembayaran dipercepat;                                         •    Early repayment;
                •   Ketentuan kontrak tidak sah dan de                             •    Non-genuine features and de minimis.
                    minimis.

                Aset keuangan diukur pada biaya                                    Financial assets are measured at
                perolehan diamortisasi jika kedua kondisi                          amortized cost if both of the following
                berikut terpenuhi:                                                 conditions are met:

                •   Aset keuangan yang dikelola dalam                              •    Financial assets are managed where
                    model bisnis yang bertujuan untuk                                   the business model objectives in order
                    memiliki aset keuangan dalam rangka                                 to collect the contractual cash flows;
                    mendapatkan arus kas kontraktual;                                   and
                    dan
                •   Arus kas kontraktual tersebut semata                           •    The contractual cash flows are solely
                    dari pembayaran pokok dan bunga                                     payments of principal and interest
                    (SPPI).                                                             (SPPI).

                Aset keuangan diukur pada nilai wajar                              Financial assets are measured at fair value
                melalui penghasilan komprehensif lain                              through other comprehensive income
                (FVTOCI) jika kedua kondisi berikut:                               (FVTOCI) if both of the following conditions
                                                                                   are met:

                •   Aset keuangan yang dikelola untuk                              •    Financial assets are managed to
                    mendapatkan arus kas kontraktual                                    collect the contractual cash flows and
                    dan menjual aset keuangan; dan                                      sell the assets; and
                •   Arus kas kontraktual tersebut semata                           •    The contractual cash flows are solely
                    dari pembayaran pokok dan bunga                                     payments of principal and interest
                    (SPPI).                                                             (SPPI).




                                                             20
Page 203
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of            Material    Accounting       Policies
     (lanjutan)                                                          (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                        f.    Financial Assets and Liabilities (continued)

          (i)   Klasifikasi (lanjutan)                                         (i)   Classification (continued)

                Aset keuangan diklasifikasikan pada nilai                            Financial assets are measured at fair value
                wajar melalui laba rugi (FVTPL) jika tidak                           through profit or loss (FVTPL) if do not
                memenuhi kondisi yang disyaratkan untuk                              meet the conditions required to be
                diukur pada biaya perolehan diamortisasi                             measured at amortized cost or fair value
                atau nilai wajar melalui penghasilan                                 through other comprehensive income.
                komprehensif lain.

                Pada saat pengakuan awal, Bank dapat                                 At initial recognition, the Bank may make
                membuat pilihan yang tidak dapat                                     an irrevocable choice to present equity
                dibatalkan untuk menyajikan instrumen                                instruments that are not held for trading at
                ekuitas yang bukan dimiliki untuk                                    fair value through other comprehensive
                diperdagangkan pada nilai wajar melalui                              income.
                penghasilan komprehensif lain.

                Liabilitas keuangan diklasifikasikan ke                              Financial liabilities are classified into the
                dalam kategori sebagai berikut pada saat                             following categories at initial recognition:
                pengakuan awal:

                I.    Liabilitas keuangan yang diukur pada                           I.    Financial liabilities at fair value
                      nilai wajar melalui laporan laba rugi,                               through profit or loss, which has 2
                      yang memiliki 2 (dua) sub-klasifikasi,                               (two) sub-classifications, i.e. those
                      yaitu     liabilitas keuangan    yang                                designated as such upon initial
                      ditetapkan demikian pada saat                                        recognition and those classified as
                      pengakuan awal dan diklasifikasikan                                  held for trading;
                      dalam kelompok diperdagangkan;
                II.   Liabilitas keuangan lain. Liabilitas                           II.   Other financial liabilities. Other
                      keuangan lainnya merupakan liabilitas                                financial liabilities pertain to financial
                      keuangan yang tidak dimiliki untuk                                   liabilities that are not held for trading
                      dijual atau ditentukan sebagai nilai                                 nor designated as at fair value through
                      wajar melalui laba rugi saat                                         profit or loss upon recognition of the
                      pengakuan liabilitas.                                                liability.




                                                               21
Page 204
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                   PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                             As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                   unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                             2.    Summary of           Material      Accounting      Policies
     (lanjutan)                                                                   (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                                 f.    Financial Assets and Liabilities (continued)

          (i)   Klasifikasi (lanjutan)                                                  (i)   Classification (continued)


                                                                                 Golongan
                             Kategori yang didefinisikan
                                                                          (ditentukan oleh Bank)/
                                  oleh PSAK 109/                                                               Subgolongan/Subclasses
                                                                          Class (as determined by
                          Category as defined by PSAK 109
                                                                                 the Bank)
                                         Aset keuangan yang
                                         diukur pada nilai wajar
                                         melalui laba rugi/
                                                                          Tagihan derivatif - Tidak terkait lindung nilai/
                                         Financial assets at fair
                                         value through profit or          Derivative receivables - Non hedging related
                                         loss

                                                                          Giro pada Bank Indonesia/Current accounts with Bank Indonesia
                                                                          Giro pada bank lain/Current accounts with other banks
                                                                          Penempatan pada Bank Indonesia dan bank lain/
                                                                          Placements with Bank Indonesia and other banks
                                         Aset keuangan yang
                                                                          Efek-efek yang dibeli dengan janji dijual kembali/
                                         diukur pada biaya
                                                                          Securities purchased under agreements to resell
                     Aset keuangan/      perolehan yang
                                                                          Tagihan akseptasi/Acceptance receivables
                     Financial           diamortisasi/
                                                                          Kredit yang diberikan/Loans
                     assets              Financial assets at
                                         amortized cost                                                 Piutang bunga/
                                                                                                        Interest receivables
                                                                          Aset lain-lain/Other assets
                                                                                                        Piutang lain-lain/
                                                                                                        Other receivables
                                                                          Efek-efek/Securities
                                         Aset keuangan yang
                                         diukur pada nilai wajar
                                         melalui penghasilan
                                         komprehensif lain/
                                                                          Efek-efek/Securities
                                         Financial assets at fair
                                         value through other
                                         comprehensive income


                                         Liabilitas keuangan yang
                                         diukur pada nilai wajar
                                         melalui laba rugi/               Liabilitas derivatif/Derivative payables
                                         Financial liabilities at fair
                                         value through profit or loss
                     Liabilitas
                     keuangan/                                            Liabilitas segera/Liabilities payable on demand
                     Financial                                            Simpanan dari nasabah/Deposits from customers
                     liabilities         Liabilitas keuangan yang         Simpanan dari bank lain/Deposits from other banks
                                         diukur     dengan        biaya   Efek-efek yang dijual dengan janji dibeli kembali/
                                         perolehan      diamortisasi/     Securities sold under repurchase agreements
                                         Financial    liabilities    at   Beban yang masih harus dibayar/Accrued expenses
                                         amortized cost                                                    Utang bunga/Interest payables
                                                                          Liabilitas lain-lain/
                                                                                                           Setoran jaminan/
                                                                          Other liabilities
                                                                                                           Security deposits




                                                                    22
Page 205
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

          PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                 2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                      (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                    f.    Financial Assets and Liabilities (continued)

          (ii) Pengakuan awal                                              (ii) Initial recognition

              Bank pada awalnya mengakui kredit yang                             The Bank initially recognizes loans and
              diberikan serta simpanan diukur pada nilai                         deposits at fair value on the date of
              wajar pada tanggal perolehan.                                      origination.

              Pembelian dan penjualan aset keuangan                              Regular way purchases and sales of
              yang lazim (regular) diakui pada tanggal                           financial assets are recognized on the
              perdagangan dimana Bank memiliki                                   trade date at which the Bank commits to
              komitmen untuk membeli atau menjual                                purchase or sell the asset.
              aset tersebut.

              Semua aset dan liabilitas keuangan lainnya                         All other financial assets and liabilities are
              pada awalnya diakui pada tanggal                                   initially recognized on the trade date at
              perdagangan dimana Bank menjadi suatu                              which the Bank becomes a party to the
              pihak dalam ketentuan kontraktual                                  contractual provisions of the instrument.
              instrumen tersebut.

              Pada saat pengakuan awal, aset keuangan                            A financial asset or financial liability is
              atau liabilitas keuangan diukur pada nilai                         initially measured at fair value plus/minus
              wajar ditambah/dikurang (untuk instrumen                           (for financial instruments not subsequently
              keuangan yang tidak diukur pada nilai                              measured at fair value through profit or
              wajar melalui laba rugi setelah pengakuan                          loss) transaction costs that are directly
              awal) biaya transaksi yang dapat                                   attributable to the acquisition of financial
              diatribusikan secara langsung atas                                 asset or issue of financial liability. The
              perolehan aset keuangan atau penerbitan                            subsequent measurement of financial
              liabilitas keuangan. Pengukuran aset                               assets and financial liabilities depends on
              keuangan dan liabilitas keuangan setelah                           their classification.
              pengakuan       awal    tergantung   pada
              klasifikasi aset keuangan dan liabilitas
              keuangan tersebut.

              Biaya transaksi hanya meliputi biaya-biaya                         Transaction costs include only those costs
              yang dapat diatribusikan secara langsung                           that are directly attributable to the
              untuk perolehan suatu aset keuangan atau                           acquisition of a financial asset or issue of a
              penerbitan suatu liabilitas keuangan dan                           financial liability and are incremental costs
              merupakan biaya tambahan yang tidak                                that would not have been incurred if the
              akan terjadi apabila instrumen keuangan                            financial instrument had not been acquired
              tersebut tidak diperoleh atau diterbitkan.                         or issued. In the case of financial assets,
              Untuk aset keuangan, biaya transaksi                               transaction costs are added to the amount
              ditambahkan pada jumlah yang diakui                                recognized initially, while for financial
              pada awal pengakuan aset, sedangkan                                liabilities, transaction costs are deducted
              untuk liabilitas keuangan, biaya transaksi                         from the amount of debt recognized
              dikurangkan dari jumlah utang yang diakui                          initially.
              pada awal pengakuan liabilitas.

              Biaya transaksi tersebut diamortisasi                              Such transactions costs are amortized
              selama umur instrumen berdasarkan                                  over the terms of the instruments based on
              metode suku bunga efektif dan dicatat                              the effective interest method and are
              sebagai bagian dari pendapatan bunga                               recorded as part of interest income for
              untuk biaya transaksi sehubungan dengan                            transaction costs related to financial assets
              aset keuangan atau sebagai bagian dari                             or interest expenses for transaction costs
              beban bunga untuk biaya transaksi                                  related to financial liabilities.
              sehubungan dengan liabilitas keuangan.



                                                           23
Page 206
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.

          PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                      2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                           (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                         f.    Financial Assets and Liabilities (continued)

          (iii) Pengukuran setelah pengakuan awal                               (iii) Subsequent measurement

              Biaya perolehan diamortisasi dari aset                                  The amortized cost of a financial asset or
              keuangan atau liabilitas keuangan adalah                                liability is the amount at which the financial
              jumlah aset atau liabilitas keuangan yang                               asset or liability is measured at initial
              diukur pada saat pengakuan awal,                                        recognition, minus principal repayments,
              dikurangi pembayaran pokok, ditambah                                    plus or minus the cumulative amortization
              atau dikurangi dengan amortisasi kumulatif                              using the effective interest method of any
              dengan menggunakan metode suku bunga                                    difference between the initial amount
              efektif yang dihitung dari selisih antara nilai                         recognized and the maturity amount,
              awal dan nilai jatuh temponya, dan                                      minus any allowance for impairment
              dikurangi cadangan kerugian penurunan                                   losses.
              nilai.

              Tingkat suku bunga efektif adalah suku                                  The effective interest rate is the rate that
              bunga yang secara tepat mendiskontokan                                  exactly discounts the estimated future cash
              estimasi arus kas di masa datang selama                                 flows through the expected life of the
              perkiraan umur dari aset keuangan atau                                  financial asset or financial liability (or,
              liabilitas keuangan (atau jika lebih tepat,                             where appropriate, a shorter period) to the
              digunakan periode yang lebih singkat)                                   net carrying amount at initial recognition.
              untuk memperoleh nilai tercatat bersih                                  When calculating the effective interest rate,
              pada saat pengakuan awal. Pada saat                                     the Bank estimates future cash flows
              menghitung tingkat suku bunga efektif,                                  considering all contractual terms of the
              Bank mengestimasi arus kas di masa                                      financial instrument, but does not consider
              mendatang dengan mempertimbangkan                                       any future credit losses.
              seluruh persyaratan kontraktual dalam
              instrumen keuangan tersebut, namun tidak
              mempertimbangkan kerugian kredit di
              masa mendatang.

              Perhitungan suku bunga efektif mencakup                                 The calculation of the effective interest rate
              biaya transaksi (Catatan 2f.ii) dan seluruh                             includes transaction costs (Note 2f.ii) and
              imbalan/provisi dan bentuk lain yang                                    all fees and points paid or received that are
              dibayarkan atau diterima yang merupakan                                 an integral part of the effective interest
              bagian tak terpisahkan dari suku bunga                                  rate.
              efektif.

              Aset keuangan dalam kelompok aset                                       Financial assets at fair value through other
              keuangan yang diukur pada nilai wajar                                   comprehensive income and financial
              melalui penghasilan komprehensif lain dan                               assets and financial liabilities at fair value
              aset keuangan dan liabilitas keuangan                                   through profit or loss are measured at fair
              yang diukur pada nilai wajar melalui laba                               value.
              rugi diukur pada nilai wajarnya.

              Aset keuangan kelompok biaya perolehan                                  Financial assets classified as amortized
              diamortisasi dan liabilitas keuangan                                    cost and other financial liabilities measured
              lainnya diukur pada biaya perolehan                                     at amortized cost using the effective
              diamortisasi  dengan       menggunakan                                  interest rate method.
              metode suku bunga efektif.




                                                                24
Page 207
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                      f.    Financial Assets and Liabilities (continued)

          (iv) Penghentian pengakuan                                         (iv) Derecognition

              Bank menghentikan pengakuan aset                                     The Bank derecognizes a financial asset
              keuangan pada saat hak kontraktual atas                              when the contractual rights to the cash
              arus kas yang berasal dari aset keuangan                             flows from the financial asset expire, or
              tersebut      kadaluwarsa,    atau    Bank                           when the Bank transfers the contractual
              mentransfer seluruh hak kontraktual untuk                            rights to receive the cash flows from the
              menerima arus kas dari aset keuangan                                 financial asset in a transaction in which
              dalam transaksi dimana Bank secara                                   substantially all the risks and rewards of
              substansial telah mentransfer seluruh                                ownership of the financial asset are
              risiko dan manfaat atas kepemilikan aset                             transferred. Any interest in the transferred
              keuangan yang ditransfer. Setiap hak atau                            financial assets that is created or retained
              liabilitas atas aset keuangan yang                                   by the Bank is recognized as a separate
              ditransfer yang timbul atau yang masih                               asset or liability.
              dimiliki oleh Bank diakui sebagai aset atau
              liabilitas secara terpisah.

              Dalam transaksi dimana Bank secara                                   In transactions in which the Bank neither
              substansial tidak memiliki atau tidak                                retains nor transfers substantially all the
              mentransfer seluruh risiko dan manfaat                               risks and rewards of ownership of a
              atas kepemilikan aset keuangan, Bank                                 financial asset, the Bank derecognizes the
              menghentikan pengakuan aset tersebut                                 asset if the Bank does not retain control
              jika Bank tidak lagi memiliki pengendalian                           over the asset. The rights and obligations
              atas aset tersebut. Hak dan kewajiban                                retained in the transfer are recognized
              yang timbul atau yang masih dimiliki dalam                           separately as assets or liabilities as
              transfer tersebut diakui secara terpisah                             appropriate. In transfers in which control
              sebagai aset atau liabilitas. Dalam transfer                         over the asset is retained, the Bank
              dimana pengendalian atas aset masih                                  continues to recognize the asset to the
              dimiliki, Bank tetap mengakui aset yang                              extent of its continuing involvement,
              ditransfer tersebut sebesar keterlibatan                             determined by the extent to which it is
              berkelanjutan,        dimana         tingkat                         exposed to changes in the value of the
              keberlanjutan Bank dalam aset yang                                   transferred asset.
              ditransfer adalah sebesar perubahan nilai
              aset yang ditransfer.

              Bank menghapusbukukan saldo aset                                     The Bank writes off a financial asset
              keuangan beserta cadangan kerugian                                   balance and any related allowance for
              penurunan nilai terkait, pada saat Bank                              impairment losses, when the Bank
              menentukan bahwa aset keuangan                                       determines that the financial assets are
              tersebut tidak dapat ditagih. Keputusan ini                          uncollectible. This determination is made
              diambil     setelah     mempertimbangkan                             after considering information such as the
              informasi     seperti    telah   terjadinya                          occurrence of significant changes in the
              perubahan      signifikan    pada     posisi                         financial position of the borrowers such
              keuangan debitur sehingga debitur                                    that the borrowers can no longer pay the
              tersebut tidak lagi dapat melunasi                                   obligation, or that proceeds from collateral
              kewajibannya, atau hasil penjualan agunan                            will not be sufficient to repay back the
              tidak akan cukup untuk melunasi seluruh                              entire exposure. Recoveries of written-off
              eksposur. Penerimaan kembali atas aset                               financial assets from previous years are
              keuangan yang telah dihapusbukukan                                   recorded as op erational income other than
              pada tahun sebelumnya dicatat sebagai                                interest income.
              pendapatan         operasional        selain
              pendapatan bunga.




                                                             25
Page 208
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                    2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                         (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                       f.    Financial Assets and Liabilities (continued)

          (iv) Penghentian pengakuan (lanjutan)                               (iv) Derecognition (continued)

              Bank menghentikan pengakuan liabilitas                                The Bank derecognizes a financial liability
              keuangan pada saat liabilitas yang                                    when its contractual obligations are
              ditetapkan dalam kontrak dilepaskan,                                  discharged, cancelled or expired.
              dibatalkan atau kadaluwarsa.

          (v) Saling hapus                                                    (v) Offsetting

              Aset keuangan dan liabilitas keuangan                                 Financial assets and financial liabilities are
              dapat saling hapus dan nilai bersihnya                                offset and the net amount is presented in
              disajikan dalam laporan posisi keuangan                               the statement of financial position when,
              jika, dan hanya jika Bank memiliki hak yang                           and only when, the Bank has a legal
              berkekuatan hukum untuk melakukan                                     enforceable right to offset the amounts and
              saling hapus atas jumlah yang telah diakui                            intends either to settle on a net basis or
              tersebut dan berniat untuk menyelesaikan                              realize the asset and settle the liability
              secara neto atau untuk merealisasikan                                 simultaneously.
              aset dan menyelesaikan liabilitasnya
              secara simultan.

              Pendapatan dan beban disajikan dalam                                  Income and expenses are presented on a
              jumlah bersih hanya jika diperkenankan                                net basis only when permitted by
              oleh standar akuntansi.                                               accounting standards.

          (vi) Reklasifikasi aset keuangan                                    (vi) Reclassification of financial assets

              Bank mereklasifikasi aset keuangan jiika                              The Bank reclassifies financial assets if
              dan hanya jika, model bisnis untuk                                    and only if, the business model for
              pengelolaan aset keuangan berubah.                                    managing financial assets changes.

              Reklasifikasi aset keuangan dari klasifikasi                          Reclassifications of financial assets from
              biaya perolehan yang diamortisasi ke                                  amortized cost classifications to fair value
              klasifikasi nilai wajar melalui laba rugi                             through profit or loss are recorded at fair
              dicatat sebesar nilai wajarnya. Selisih                               value. The difference between the
              antara nilai tercatat dengan nilai wajar                              recorded value and fair value is recognized
              diakui sebagai keuntungan atau kerugian                               in profit or loss on the statement of profit or
              pada laba rugi.                                                       loss and other comprehensive income.

              Reklasifikasi aset keuangan dari klasifikasi                          Reclassifications of financial assets from
              biaya perolehan yang diamortisasi ke                                  amortized cost classifications to fair value
              klasifikasi nilai wajar melalui penghasilan                           classifications       through          other
              komprehensif lain dicatat sebesar nilai                               comprehensive are recorded at their fair
              wajarnya.                                                             values.

              Reklasifikasi aset keuangan dari klasifikasi                          Reclassification of financial assets from fair
              nilai    wajar      melalui       penghasilan                         value     classification    through      other
              komprehensif lain ke klasifikasi nilai wajar                          comprehensive income to fair value
              melalui laba rugi dicatat pada nilai wajar.                           classification through profit or loss is
              Keuntungan atau kerugian yang belum                                   recorded at fair value. Unrealized gains or
              direalisasi direklasifikasi ke laba rugi.                             losses are reclassified to profit or loss.




                                                              26
Page 209
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     f.   Aset dan Liabilitas Keuangan (lanjutan)                      f.    Financial Assets and Liabilities (continued)

          (vi) Reklasifikasi aset keuangan (lanjutan)                        (vi) Reclassification       of   financial     assets
                                                                                  (continued)

              Reklasifikasi aset keuangan dari klasifikasi                         Reclassification of financial assets from fair
              nilai     wajar     melalui   penghasilan                            value classifications through other
              komprehensif lain ke klasifikasi biaya                               comprehensive income to the amortized
              perolehan yang diamortisasi dicatat pada                             cost classification is recorded at carrying
              nilai tercatat. Keuntungan atau kerugian                             value. Unrealized gains or losses is
              yang belum direalisasi dihapus dari ekuitas                          removed from equity and adjusted agains
              dan disesuaikan terhadap nilai wajar.                                the fair value.

              Reklasifikasi aset keuangan dari klasifikasi                         Reclassifications on financial assets from
              nilai wajar melalui laba rugi ke klasifikasi                         fair value classification through profit or
              nilai    wajar      melalui    penghasilan                           loss to fair value classification through
              komprehensif lain dicatat pada wajar.                                other comprehensive income are recorded
                                                                                   at fair value.

              Reklasifikasi aset keuangan dari klasifikasi                         Reclassification of financial assets from fair
              nilai wajar melalui laba rugi ke klasifikasi                         value classification through profit or loss to
              biaya perolehan yang diamortisasi dicatat                            amortized cost classification is recorded at
              pada wajar.                                                          fair value.

     g.   Giro pada Bank Indonesia dan Bank Lain                       g.    Current Accounts with Bank Indonesia and
                                                                             Other Banks

          Giro pada Bank Indonesia dan bank lain                             The current accounts with Bank Indonesia and
          diklasifikasikan sebagai biaya perolehan yang                      other banks are classified as amortized cost
          diamortisasi dan dinyatakan sebesar biaya                          and stated at amortized cost using the effective
          perolehan diamortisasi menggunakan metode                          interest rate method.
          suku bunga efektif.

     h.   Penempatan pada Bank Indonesia dan Bank                      h.    Placements with Bank Indonesia and Other
          Lain                                                               Banks

          Penempatan pada Bank Indonesia dan bank                            The placements with Bank Indonesia and other
          lain diklasifikasikan sebagai biaya perolehan                      banks are classified as amortized cost which
          yang diamortisasi yang dinyatakan sebesar                          are stated at amortized cost using the effective
          biaya perolehan diamortisasi menggunakan                           interest rate method.
          metode suku bunga efektif.

     i.   Tagihan dan Liabilitas Derivatif                             i.    Derivative Receivables and Payables

          Tagihan dan liabilitas derivatif untuk tujuan                      Derivative receivables and payables held for
          diperdagangkan pada saat pengukuran awal                           trading    are    initially   recognized     and
          dan setelah pengakuan awal diakui dan diukur                       subsequently measured at fair value in the
          pada nilai wajar di laporan posisi keuangan,                       statement of financial position, with transaction
          dengan biaya transaksi yang terjadi diakui                         costs recognized directly in profit or loss.
          langsung pada laba rugi.

          Perubahan nilai wajar pada tagihan dan                             Changes in fair value of derivative receivables
          liabilitas derivatif untuk tujuan diperdagangkan                   and payables held for trading are recognized as
          diakui sebagai pendapatan bersih instrumen                         net trading income in profit or loss. Gain or
          yang diperdagangkan dalam laba rugi.                               losses which are realized are recognized in
          Keuntungan atau kerugian yang direalisasi                          profit or loss.
          diakui pada laba rugi.


                                                             27
Page 210
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     j.   Tagihan dan Liabilitas Akseptasi                             j.    Acceptance Receivables and Payables

          Tagihan akseptasi diklasifikasikan sebagai aset                    Acceptance receivables are classified as
          keuangan dalam kelompok biaya perolehan                            financial assets measured at amortized cost.
          diamortisasi.

          Liabilitas akseptasi dikasifikasikan sebagai                       Acceptance liabilities are classified financial
          liabilitas keuangan yang diukur dengan biaya                       liabilities measured at amortized cost.
          perolehan diamortisasi.

     k.   Efek-Efek yang Dibeli/Dijual dengan Janji                    k.    Securities    Purchased/Sold                   under
          Dijual/Dibeli Kembali                                              Agreements to Resell/Repurchase

          Efek-efek yang dibeli dengan janji untuk dijual                    Securities purchased under agreements to
          kembali    diklasifikasikan  sebagai     biaya                     resell are classified as amortized cost.
          perolehan yang diamortisasi.

          Efek-efek yang dibeli dengan janji untuk dijual                    Securities purchased under agreements to
          kembali disajikan sebagai aset dalam laporan                       resell are presented as assets in the statement
          posisi keuangan sebesar jumlah penjualan                           of financial position, at the resale price net of
          kembali dikurangi dengan pendapatan bunga                          unamortized interest income and allowance for
          yang belum diamortisasi dan cadangan                               impairment losses. The difference between the
          kerugian penurunan nilai. Selisih antara harga                     purchase price and the resale price is treated
          beli dan harga jual kembali diperlakukan                           as unearned interest income, and recognized
          sebagai pendapatan bunga yang ditangguhkan,                        as income over the period starting from when
          dan diakui sebagai pendapatan selama periode                       those securities are purchased until they are
          sejak efek-efek tersebut dibeli hingga dijual                      sold using effective interest rate method.
          menggunakan suku bunga efektif.

          Efek-efek yang dijual dengan janji untuk dibeli                    Securities sold under agreements to
          kembali diklasifikasikan sebagai liabilitas                        repurchase are classified as financial liabilities
          keuangan yang diukur dengan biaya perolehan                        measured at amortized cost.
          diamortisasi.

          Efek-efek yang dijual dengan janji untuk dibeli                    Securities sold under agreements to
          kembali disajikan sebagai liabilitas dalam                         repurchase are presented as liabilities in the
          laporan posisi keuangan sebesar jumlah                             statement of financial position, at the
          pembelian kembali, dikurangi dengan bunga                          repurchase price, net of unamortized prepaid
          dibayar di muka yang belum diamortisasi.                           interest. The difference between the selling
          Selisih antara harga jual dan harga beli kembali                   price and the repurchase price is treated as
          diperlakukan sebagai bunga dibayar di muka                         prepaid interest and recognized as interest
          dan diakui sebagai beban bunga selama jangka                       expense over the period starting from when
          waktu sejak efek-efek tersebut dijual hingga                       those securities are sold until they are
          dibeli kembali menggunakan metode suku                             repurchased using effective interest rate
          bunga efektif.                                                     method.

     l.   Kredit yang Diberikan                                        l.    Loans

          Setelah pengakuan awal, kredit yang diberikan                      Subsequent to initial measurement, loans are
          dicatat pada biaya perolehan diamortisasi                          measured at amortized cost using effective
          menggunakan metode suku bunga efektif.                             interest method. Syndicated loans are stated at
          Kredit dalam rangka pembiayaan bersama                             amortized cost in accordance with the risk
          (kredit sindikasi) dinyatakan sebesar biaya                        borned by the Bank.
          perolehan diamortisasi sesuai dengan porsi
          risiko yang ditanggung oleh Bank.




                                                             28
Page 211
                                                                                The original financial statements included herein are in
                                                                                                              the Indonesian language.

          PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                       2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                            (continued)

     l.   Kredit yang Diberikan (lanjutan)                                 l.    Loans (continued)

          Bank       mencatat       restrukturisasi     kredit                   The Bank accounts for troubled debt
          bermasalah berdasarkan jenis restrukturisasi.                          restructuring in accordance with the type of
          Dalam hal restrukturisasi kredit bermasalah                            restructuring. In troubled debt restructuring
          dilakukan hanya dengan modifikasi persyaratan                          which involves only a modification of terms, the
          kredit, Bank mencatat dampak restrukturisasi                           Bank accounts for the effect of the restructuring
          tersebut secara prospektif dan tidak mengubah                          prospectively and does not change the carrying
          nilai tercatat kredit yang diberikan pada tanggal                      value of receivables at the time of restructuring
          restrukturisasi, kecuali jika jumlahnya melebihi                       unless the amount exceeds the present value
          nilai kini penerimaan kas masa depan yang                              of the total future cash receipts specified in the
          ditentukan dalam persyaratan baru. Jika nilai                          new terms. If the present value of the total
          kini penerimaan kas masa depan sebagaimana                             future cash receipts specified in the new terms
          yang ditentukan dalam persyaratan baru dari                            is lower than the recorded receivables balance
          kredit yang direstrukturisasi tersebut lebih                           prior to restructuring, the Bank reduces the
          rendah daripada nilai tercatat kredit yang                             receivables balance to the amount equal to the
          diberikan sebelum direstrukturisasi, Bank harus                        present value of the total future cash receipts.
          mengurangkan saldo kredit yang diberikan ke                            The amount of the reduction is recognized as
          suatu jumlah yang sama dengan jumlah nilai                             individual allowance for impairment losses.
          kini penerimaan kas masa depan. Jumlah                                 Recoveries from loans written-off are
          pengurangan tersebut diakui sebagai cadangan                           recognized in profit or loss.
          kerugian       penurunan        nilai    individual.
          Penerimaan kembali dari kredit yang telah
          dihapusbukukan diakui dalam laba rugi tahun
          berjalan.

          Kredit yang diberikan adalah penyediaan dana                           Loans represent funds provided or receivables
          atau tagihan yang dapat disetarakan dengan                             that can be considered as equivalents there of,
          itu, berdasarkan persetujuan atau kesepakatan                          based on agreements or financing contracts
          pinjam-meminjam dengan debitur yang                                    with borrowers, where borrowers are required
          mewajibkan debitur untuk melunasi utang dan                            to repay their debts with interest after a
          bunganya setelah jangka waktu tertentu, dan                            specified period, and expired trade finance
          tagihan yang berasal dari fasilitas trade finance                      facilities which have not been utilized should be
          yang telah jatuh tempo namun belum                                     settled within 21 days.
          digunakan maka harus diselesaikan dalam
          waktu 21 hari.

          Kredit yang diberikan diklasifikasikan sebagai                         Loans are classified as amortized cost.
          biaya perolehan yang diamortisasi.

          Kredit yang diberikan pada awalnya diukur                              Loans are initially measured at fair value plus
          pada nilai wajar ditambah dengan biaya                                 transaction costs that are directly attributable
          transaksi yang dapat diatribusikan secara                              and additional costs to obtain financial assets,
          langsung dan biaya tambahan untuk                                      and after initial recognition are measured at
          memperoleh aset keuangan tersebut, dan                                 amortized cost based on the effective interest
          setelah pengakuan awal diukur pada biaya                               rate method less allowance for impairment
          perolehan diamortisasi menggunakan metode                              losses.
          suku bunga efektif dikurangi dengan cadangan
          kerugian penurunan nilai.




                                                                 29
Page 212
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     l.   Kredit yang Diberikan (lanjutan)                             l.    Loans (continued)

          Restrukturisasi kredit                                             Loan restructuring

          Restrukturisasi kredit meliputi modifikasi                         Loan restructuring may involve a modification of
          persyaratan kredit. Bank menyusun ketentuan                        the terms of the loans. The Bank formed
          internal mengenai debitur yang berakhir masa                       internal regulation regarding the debtors who
          restrukturisasinya yaitu debitur yang telah                        ended their restructuring period, namely
          memenuhi kriteria sebagai berikut:                                 debtors who had met the following criteria:

          1)   Debitur mampu memenuhi syarat-syarat                          1)    The debtor is able to fulfill the conditions
               sesuai Perjanjian Kredit Restrukturisasi                            under the Restructuring Credit Agreement
               dengan mempertimbangkan kemampuan                                   by considering the ability of the debtor to
               debitur untuk memenuhi penilaian propsek                            fulfill  the      business       performance
               usaha,       kinerja   dan     kemampuan                            assessment, performance and ability to
               membayar;                                                           pay;
          2)   Kredit berada pada kualitas kredit lancar                     2)    Credit’s quality is in current (collectibility 1)
               (kolektibilitas 1) sesuai dengan ketentuan                          in accordance with Bank Indonesia
               Bank Indonesia; dan                                                 regulations; and
          3)   Debitur mampu membayar bunga di atas                          3)    Debtors are able to pay interest above a
               tingkat bunga tertentu minimal 3 (tiga)                             certain interest rate of at least 3 (three)
               bulan atau periode angsuran berturut-turut.                         months or a period of successive
                                                                                   installments.

     m. Efek-efek                                                      m. Securities

          Pada saat pengakuan awal, efek-efek dicatat                        At initial recognition, securities are recorded
          sesuai dengan kategorinya yaitu aset keuangan                      according to their category, i.e., amortized cost,
          diklasifikasikan pada biaya perolehan yang                         fair value through other comprehensive income
          diamortisasi, nilai wajar melalui penghasilan                      or at fair value through profit or loss.
          komprehensif lain atau nilai wajar melalui laba
          rugi.

          Lihat Catatan 2f untuk kebijakan akuntansi atas                    Refer to Note 2f for the accounting policies of
          aset dan liabilitas keuangan.                                      financial assets and liabilities.

     n.   Pajak Penghasilan                                            n.    Income Taxes

          Beban pajak penghasilan terdiri dari beban                         Income tax expense comprises current and
          pajak kini dan beban pajak tangguhan. Beban                        deferred tax. Income tax expense is recognized
          pajak penghasilan diakui pada laba rugi, kecuali                   in profit or loss except to the extent that it
          untuk komponen yang diakui secara langsung                         relates to items recognized directly in equity or
          di ekuitas atau di penghasilan komprehensif                        in other comprehensive income.
          lain.

          Pajak kini merupakan estimasi utang atau                           Current tax is the expected tax payable or
          pengembalian pajak yang dihitung atas laba                         refundable on taxable income or loss for the
          atau rugi kena pajak untuk tahun yang                              year using tax rates substantively enacted as of
          bersangkutan dengan menggunakan tarif pajak                        the reporting date and includes true-up
          yang secara substansial telah berlaku pada                         adjustments made to the pervious years’ tax
          tanggal pelaporan dan termasuk penyesuaian                         provisions either to reconcile them with the
          yang dibuat untuk penyisihan pajak tahun                           income tax reported in annual tax returns, or to
          sebelumnya, baik untuk merekonsiliasi pajak                        account for differences arising from tax
          penghasilan dengan pajak yang dilaporkan di                        assesments.
          surat pemberitahuan tahunan, atau untuk
          memperhitungkan perbedaan yang muncul dari
          pemeriksaan pajak.


                                                             30
Page 213
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                          (continued)

     n.   Pajak Penghasilan (lanjutan)                                   n.    Income Taxes (continued)

          Utang atau restitusi pajak kini diukur                               Current tax payable or refundable is measured
          menggunakan estimasi terbaik atas jumlah                             using the best estimate of the amount expected
          yang diperkirakan akan dibayar atau diterima,                        to be paid or received, taking into consideration
          dengan mempertimbangkan ketidakpastian                               the uncertainty associated with the complexity
          terkait dengan kompleksitas peraturan pajak.                         of tax regulations.

          Pajak tangguhan diakui atas perbedaan                                Deferred tax is recognized in respect of
          temporer antara nilai tercatat aset dan liabilitas                   temporary differences between the carrying
          untuk tujuan pelaporan keuangan dan nilai yang                       amounts of assets and liabilities for financial
          digunakan untuk tujuan perpajakan. Pajak                             reporting purposes and the amounts used for
          tangguhan diukur dengan menggunakan tarif                            taxation purposes. Deferred tax is measured at
          pajak yang diharapkan untuk ditetapkan atas                          the tax rates that are expected to be applied to
          perbedaan temporer pada saat pembalikan,                             temporary differences when they reverse,
          berdasarkan peraturan yang telah berlaku atau                        based on the laws that have been enacted or
          secara substantif berlaku pada tanggal                               substantively enacted as of the reporting date.
          pelaporan. Metode ini juga mengharuskan                              This method also required the recognition of
          pengakuan manfaat pajak masa depan, seperti                          future tax benefits, such as tax loss
          rugi fiskal yang belum dikompensasi, apabila                         carryforwards, to the extent that realization of
          besar kemungkinan manfaat pajak tersebut                             such benefits is probable.
          dapat direalisasi.

          Aset pajak tangguhan ditelaah ulang pada                             Deferred tax assets are reviewed at each
          setiap tangal pelaporan dan dikurangkan                              reporting date and are reduced to the extent
          dengan manfaat pajak sejumlah nilai yang                             that it is no longer probable that the related tax
          besar kemungkinan yang tidak dapat                                   benefit will be realized; such reductions are
          terealisasi; pengurangan tersebut akan dibalik                       reversed when the probability of future taxable
          ketika kemungkinan atas laba kena pajak di                           incomes improves.
          masa depan meningkat.

          Aset pajak tangguhan yang belum diakui dinilai                       Unrecognized deferred tax assets are
          kembali pada setiap tanggal pelaporan dan                            reassessed at each reporting date and
          diakui sepanjang kemungkinan besar laba kena                         recognized to the extent that it has become
          pajak masa depan akan tersedia untuk                                 probable that future taxable incomes will be
          digunakan.                                                           available against which they can be used.

          Dalam menentukan jumlah pajak kini dan                               In determining the amount of current and
          tangguhan, Bank memperhitungkan dampak                               deferred tax, the Bank takes into account the
          atas posisi pajak yang tidak pasti dan tambahan                      impact of uncertain tax positions and any
          pajak serta penalti.                                                 additional taxes and penalties.

          Koreksi atas kewajiban pajak diakui pada saat                        Amendments to tax obligations are recognized
          surat ketetapan pajak diterima, atau apabila                         when an assessment is received, or if objection
          diajukan keberatan dan atau banding, maka                            and or appeal is applied, when the results of the
          koreksi diakui pada saat keputusan atas                              objection or the appeal are received.
          keberatan atau banding itu diterima.




                                                               31
Page 214
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     o.   Aset Tetap, Aset Hak Guna dan Liabilitas                     o.    Fixed Assets,         Right-of-Use-Assets         and
          Sewa                                                               Lease Liability

          Aset tetap pada awalnya diakui sebesar biaya                       Fixed assets are initially recognized at cost.
          perolehan. Biaya perolehan mencakup harga                          Cost includes its purchase price and any costs
          pembelian dan semua biaya yang terkait secara                      directly attributable to bringing the asset to the
          langsung untuk membawa aset tersebut ke                            location and condition necessary for it to be
          lokasi dan kondisi yang diinginkan agar aset                       capable of operating in the manner intended by
          siap digunakan sesuai dengan maksud                                management.
          manajemen.

          Setelah pengukuran awal, aset tetap diukur                         Subsequent to initial measurement, fixed
          dengan model biaya, yaitu dicatat pada biaya                       assets are measured using the cost model, i.e
          perolehan dikurangi akumulasi penyusutan dan                       carried at its cost less any accumulated
          akumulasi rugi penurunan nilai.                                    depreciation and accumulated impairment
                                                                             losses.

          Biaya pengurusan hak legal atas tanah ketika                       Costs relating with acquisition of legal titles on
          tanah diperoleh pertama kali diakui sebagai                        the land rights are recognized as part of
          bagian biaya perolehan tanah dan tidak                             acquisition cost of land and not amortized,
          disusutkan, kecuali terdapat bukti yang                            except there is evidence indicating that the
          mengindikasikan bahwa perpanjangan atau                            extension or renewal of land rights is probable
          pembaruan     hak    atas   tanah tersebut                         or certainly not be obtained. While costs of
          kemungkinan besar atau pasti tidak diperoleh.                      extension or renewal of legal titles on the land
          Sedangkan      biaya    perpanjangan     atau                      rights are deferred and recognized as intangible
          pembaruan hak legal atas tanah diakui sebagai                      assets and amortized using the straight-line
          aset    tak   berwujud    dan    diamortisasi                      method over the legal term of the land rights or
          menggunakan metode garis lurus selama                              economic life of the land, whichever is shorter.
          periode yang lebih pendek antara hak atas
          tanah atau umur ekonomis tanah.

          Kecuali tanah yang tidak disusutkan, aset tetap                    Except for land, which is not depreciated, other
          lainnya disusutkan menggunakan metode garis                        fixed assets are depreciated using straight line
          lurus selama estimasi masa manfaatnya                              method over the estimated useful lives of the
          sebagai berikut:                                                   assets, as follows:

                                                      Tahun/Years

          Gedung                                             20                                                         Buildings
          Renovasi dan perbaikan gedung                     3-7                                         Leasehold improvement
          Perlengkapan dan perabot kantor                   4-8                           Office equipment, furniture and fixtures
          Kendaraan bermotor                                  4                                                          Vehicles

          Metode penyusutan, masa manfaat dan nilai                          Depreciation methods, useful lives and residual
          residu aset tetap ditelaah pada setiap tanggal                     values of fixed assets are reassessed at each
          pelaporan dan disesuaikan jika lebih tepat,                        reporting date and adjusted as appropriate, to
          untuk memastikan bahwa metode penyusutan,                          ensure that they reflect the expected economic
          masa manfaat dan nilai residu tersebut telah                       benefits derived from these assets.
          mencerminkan      manfaat      ekonomi    yang
          diharapkan dari aset tersebut.




                                                            32
Page 215
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     o.   Aset Tetap, Aset Hak Guna dan Liabilitas                     o.    Fixed Assets, Right-of-Use-Assets                 and
          Sewa (lanjutan)                                                    Lease Liability (continued)

          Beban      perbaikan    dan      pemeliharaan                      Normal repair and maintenance expenses are
          dibebankan pada laba rugi tahun berjalan,                          charged to profit or loss for the year, while
          sedangkan renovasi dan penambahan yang                             renovation and improvements, which are
          jumlahnya signifikan dan memperpanjang                             significant and prolong the useful life of assets,
          masa manfaat dikapitalisasi ke aset tetap yang                     are capitalized to the respective assets. The
          bersangkutan. Nilai tercatat serta akumulasi                       carrying amount and the related accumulated
          penyusutan atas aset tetap yang dijual,                            depreciation of fixed assets which are sold are
          dikeluarkan dari kelompok aset tetap yang                          removed from the related group of assets, and
          bersangkutan, dan laba atau ruginya diakui                         the gain or loss is recognized as income or
          sebagai pendapatan atau beban dalam laba                           expense in profit or loss.
          rugi.

          Kebijakan sewa                                                     Leases policy

          Bank mengakui liabilitas sewa, sebagai                             The Bank recognised a lease liability, being the
          pembayaran sewa yang tersisa termasuk atas                         remaining lease payments including extensions
          opsi perpanjangan dimana perpanjangan                              options where renewal is reasonably certain,
          hampir dapat dipastikan, didiskontokan                             discounted using the incremental borrowing
          menggunakan        tingkat    bunga     pinjaman                   rate at the date of initial application. Meanwhile,
          inkremental pada tanggal penerapan awal.                           rights of use assets include the amount of lease
          Sedangkan aset hak guna mencakup jumlah                            liabilities recognized, initial direct costs paid,
          liabilitas sewa yang diakui, biaya langsung awal                   recovery costs and lease payments made on or
          yang dibayarkan, biaya pemulihan dan                               before the start date of the lease, less rental
          pembayaran sewa yang dilakukan pada atau                           incentives received. Rights of use assets are
          sebelum tanggal mulai sewa, dikurangi insentif                     depreciated using the straight-line method over
          sewa yang diterima. Aset hak guna disusutkan                       the shorter period between the lease term and
          dengan metode garis lurus selama jangka                            the estimated useful life of the asset.
          waktu yang lebih pendek antara masa sewa
          dengan estimasi masa manfaat aset.

          Beban keuangan dicatat dalam laporan laba                          Finance expense is recorded in the statement
          rugi. Aset sewa (disajikan sebagai bagian aset                     of income. Leased assets (presented under
          tetap) disusutkan selama jangka waktu yang                         fixed assets) are depreciated over the shorter
          lebih pendek antara umur manfaat aset sewa                         of the estimated useful life of the assets and the
          dan periode masa sewa, jika tidak ada                              lease term, if there is no reasonable certainty
          kepastian yang memadai bahwa Bank akan                             that Bank will obtain ownership by the end of
          mendapatkan hak kepemilikan pada akhir masa                        the lease term.
          sewa.




                                                             33
Page 216
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                    2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                         (continued)

     p.   Aset Takberwujud                                              p.    Intangible Assets

          Aset takberwujud (perangkat lunak dan lisensi                       Intangible assets (software and software
          penggunaan perangkat lunak) dicatat sebesar                         license) are stated at cost less accumulated
          biaya perolehan dikurangi akumulasi amortisasi                      amortization and accumulated impairment
          dan akumulasi rugi penurunan nilai aset.                            losses. Subsequent expenditure on intangible
          Pengeluaran selanjutnya yang jumlahnya                              assets, which is significant, is capitalized only
          signifikan akan dikapitalisasi hanya jika                           when it increases the future economic benefits
          pengeluaran tersebut menambah manfaat                               embodied in the specific asset to which it
          ekonomis aset yang bersangkutan di masa                             relates. All other expenditures are expensed as
          mendatang. Pengeluaran lainnya dibebankan                           incurred. Amortization is recognized in profit or
          pada saat terjadinya. Amortisasi diakui pada                        loss over the estimated useful lives of 8 years
          laba rugi selama estimasi masa manfaat                              using straight line method.
          8 tahun dengan menggunakan metode garis
          lurus.

          Metode amortisasi, masa manfaat dan nilai                           Amortization method, useful lives and residual
          residu ditelaah pada setiap tanggal pelaporan                       values are reviewed at each reporting date and
          dan disesuaikan jika lebih tepat, untuk                             adjusted as appropriate, to ensure that they
          memastikan bahwa metode penyusutan, masa                            reflect the expected economic benefits derived
          manfaat dan nilai residu tersebut telah                             from these assets.
          mencerminkan      manfaat      ekonomi   yang
          diharapkan dari aset tersebut.

     q.   Agunan yang Diambil Alih                                      q.    Foreclosed Assets

          Pada saat pengakuan awal, agunan yang                               Foreclosed assets acquired in conjunction with
          diambil alih sehubungan dengan penyelesaian                         settlement of loans are initially recorded at their
          kredit dicatat sebesar nilai wajar setelah                          fair value less costs to sell but not to exceed the
          dikurangi biaya untuk menjualnya tetapi tidak                       carrying value of loans. The Bank does not
          melebihi nilai tercatat kredit yang diberikan.                      recognize any gains when the Bank foreclosed
          Bank tidak mengakui keuntungan pada saat                            an asset. Subsequent to initial recognition,
          pengambilalihan aset. Setelah pengakuan                             foreclosed assets are recorded at carrying
          awal, agunan yang diambil alih dicatat sebesar                      amount or at fair value less costs to sell,
          nilai yang lebih rendah antara nilai tercatat                       whichever is lower. The excess between the
          dengan nilai wajar setelah dikurangi biaya untuk                    carrying value and fair value less costs to sell is
          menjualnya. Selisih lebih antara nilai tercatat                     recognized as impairment losses in profit or
          dengan nilai wajar agunan yang diambil alih                         loss.
          setelah dikurangi biaya untuk menjualnya diakui
          sebagai kerugian penurunan nilai dalam laba
          rugi.

          Agunan yang diambil alih tidak disusutkan dan                       Foreclosed assets are not depreciated and
          beban-beban sehubungan dengan perolehan                             expenses in relation with the acquisition and
          dan pemeliharaan aset tersebut dibebankan                           maintenance of those assets are charged to
          pada laba rugi pada saat terjadinya.                                profit or loss as incurred.

          Selisih antara nilai tercatat dan hasil penjualan                   The difference between the carrying value and
          dari agunan yang diambil alih diakui sebagai                        the proceeds from the sale of foreclosed assets
          laba atau rugi pada saat penjualan agunan                           is recognized as gain or loss at the time of sale
          yang diambil alih, dan diakui sebagai                               and recognized as income or expense in profit
          pendapatan atau beban pada laba rugi.                               or loss.

          Manajemen melakukan evaluasi atas nilai                             Management evaluates the value of foreclosed
          agunan yang diambil alih secara berkala.                            assets on a periodic basis.




                                                              34
Page 217
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                          (continued)

     r.   Aset lain-lain                                                 r.    Other assets

          Aset lain-lain terdiri dari tagihan atas transaksi                   Other assets include receivables from
          agunan yang diambil alih, piutang lain-lain,                         foreclosed asset transactions, other receivable,
          akrual bunga, setoran jaminan dan lain-lain.                         accruals interest, security deposits and others.

     s.   Identifikasi dan       Pengukuran      Kerugian                s.    Identification and             Measurement          of
          Penurunan Nilai                                                      Impairment Losses

          Aset keuangan                                                        Financial assets

          Bank mengakui penyisihan kerugian kredit                             Bank recognize the allowance for expected
          diekspektasikan pada instrumen keuangan                              credit losses on financial instruments that are
          yang tidak diukur pada nilai wajar melalui laba                      not measured at fair value through profit or loss.
          rugi.

          Tidak ada penyisihan kerugian kredit                                 There is no allowance for expected credit
          ekspektasian pada investasi instrumen ekuitas.                       losses on investment in equity instruments.

          Bank mengukur cadangan kerugian sejumlah                             The Bank measure the allowance for losses for
          kerugian kredit ekspektasian sepanjang                               the lifetime of an expected credit losses, except
          umurnya, kecuali untuk hal berikut, diukur                           for the following, which are measured according
          sejumlah  kerugian    kredit ekspektasian                            to 12-month expected credit losses:
          12 bulan:

          i.    Instrumen utang yang memiliki risiko kredit                    i.    Debt instruments that have low credit risk
                rendah pada tanggal pelaporan; dan                                   at the reporting date; and
          ii.   Instrumen keuangan lainnya yang risiko                         ii.   Other financial instruments for which credit
                kreditnya tidak meningkat secara signifikan                          risk has not increased significantly since
                sejak pengakuan awal.                                                initial recognition.

          Bank menganggap instrumen utang memiliki                             The Bank considers debt instruments to have
          risiko kredit yang rendah ketika peringkat risiko                    low credit risk when the credit risk rating is at
          kreditnya setara dengan definisi investment                          par with the globally understood definition of
          grade yang dipahami secara global.                                   investment grade.

          Kerugian kredit ekspektasian 12 bulan adalah                         The 12-month expected credit loss is part of the
          bagian dari kerugian kredit ekspektasian                             expected credit loss throughout its lifetime that
          sepanjang umurnya yang merepresentasikan                             represents an expected credit loss arising from
          kerugian kredit ekspektasian yang timbul dari                        a default on financial instruments that might
          peristiwa gagal bayar instrumen keuangan yang                        occur within 12 months after reporting date.
          mungkin terjadi dalam 12 bulan setelah tanggal
          pelaporan.




                                                               35
Page 218
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

          PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                       As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                        2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                             (continued)

     s.   Identifikasi dan Pengukuran               Kerugian                s.    Identification and     Measurement                  of
          Penurunan Nilai (lanjutan)                                              Impairment Losses (continued)

          Pengukuran Kerugian Kredit Ekspektasian                                 Measurement of Expected Credit Losses

          Kerugian Kredit Ekspektasian adalah estimasi                            Expected Credit Loss is an estimate of the
          probabilitas tertimbang dari kerugian kredit                            weighted probability of a credit loss measured
          yang diukur sebagai berikut:                                            as follows:

          i.     aset keuangan yang tidak memburuk pada                           i.   financial assets that do not deteriorate at
                 tanggal pelaporan,          kerugian    kredit                        the reporting date, the expected credit loss
                 ekspektasian diukur sebesar selisih antara                            is measured at the difference between the
                 nilai kini dari seluruh kekurangan kas (yaitu                         present value of all cash shortages (i.e. the
                 selisih antara arus kas yang terutang                                 difference between the cash flows owed to
                 kepada Bank sesuai dengan kontrak dan                                 the Bank in accordance with the contract
                 arus kas yang diperkirakan akan diterima                              and the cash flows expected to be received
                 oleh Bank);                                                           by the Bank);
          ii.    aset keuangan yang memburuk pada                                 ii. financial assets that deteriorate at the
                 tanggal pelaporan,          kerugian    kredit                        reporting date, the expected credit loss is
                 ekspektasian diukur sebesar selisih antara                            measured at the difference between the
                 jumlah tercatat bruto dan nilai kini arus kas                         gross carrying amount and the present
                 masa depan yang diestimasi;                                           value of estimated future cash flows;
          iii.   komitmen pinjaman yang belum ditarik,                            iii. for undisbursed loan commitments,
                 kerugian kredit ekspektasian diukur                                   expected credit losses are measured at the
                 sebesar selisih antara nilai kini jumlah arus                         difference between the present value of the
                 kas jika komitmen ditarik dan arus kas yang                           amount of cash flow if the commitments is
                 diperkirakan akan diterima oleh Bank;                                 withdrawn and the cash flow expected to
                                                                                       be received by the Bank;
          iv. kontrak jaminan keuangan, kerugian kredit                           iv. for financial guarantee contracts, expected
              ekspektasian diukur sebesar selisih antara                               credit losses are measured at the
              pembayaran yang diperkirakan untuk                                       difference    between      the    estimated
              mengganti pemegang atas kerugian kredit                                  payments to replace the holder for the
              yang terjadi dikurangi jumlah yang                                       credit losses incurred less the amount
              diperkirakan dapat dipulihkan.                                           estimated to be recoverable.

          Aset Keuangan yang Direstrukturisasi                                    Restructured Financial Assets

          Jika ketentuan aset keuangan dinegosiasikan                             If the terms of the financial assets are
          ulang atau dimodifikasi atau aset keuangan                              renegotiated or modified or the existing
          yang ada diganti dengan yang baru karena                                financial assets are replaced with new ones due
          kesulitan keuangan peminjam, maka dilakukan                             to the borrower’s financial difficulties, an
          penilaian apakah aset keuangan yang ada                                 assessment is made whether recognition of
          harus dihentikan pengakuannya dan kerugian                              existing financial assets must be derecognized
          kredit ekspektasian diukur sebagai berikut:                             and expected credit losses measured as
                                                                                  follows:

          i.     Jika restrukturisasi tidak mengakibatkan                         i.    If the restructuring does not result in the
                 penghentian pengakuan aset yang ada,                                   termination of recognition of existing
                 maka arus kas yang diperkirakan yang                                   assets, then the estimated cash flows
                 timbul dari      aset    keuangan yang                                 arising from the modified financial assets
                 dimodifikasi      dimasukkan       dalam                               are included in the calculation of cash
                 perhitungan kekurangan kas dari aset yang                              shortages of existing assets.
                 ada.




                                                                  36
Page 219
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     s.   Identifikasi dan Pengukuran           Kerugian               s.    Identification and     Measurement                  of
          Penurunan Nilai (lanjutan)                                         Impairment Losses (continued)

          Aset Keuangan         yang    Direstrukturisasi                    Restructured Financial Assets (continued)
          (lanjutan)

          Jika ketentuan aset keuangan dinegosiasikan                        If the terms of the financial assets are
          ulang atau dimodifikasi atau aset keuangan                         renegotiated or modified or the existing
          yang ada diganti dengan yang baru karena                           financial assets are replaced with new ones due
          kesulitan keuangan peminjam, maka dilakukan                        to the borrower’s financial difficulties, an
          penilaian apakah aset keuangan yang ada                            assessment is made whether recognition of
          harus dihentikan pengakuannya dan kerugian                         existing financial assets must be derecognized
          kredit ekspektasian diukur sebagai berikut:                        and expected credit losses measured as
          (lanjutan)                                                         follows: (continued)

          ii.   Jika restrukturisasi akan menghasilkan                       ii.   If the restructuring will result in a
                penghentian pengakuan aset yang ada,                                derecognition of the existing assets, the
                maka nilai wajar aset baru diperlakukan                             fair value of the new asset is treated as the
                sebagai arus kas akhir dari aset keuangan                           final cash flow of the existing financial
                yang ada pada saat penghentian                                      assets at the time of derecognition. This
                pengakuannya. Jumlah ini dimasukkan                                 amount is included in the calculation of
                dalam perhitungan kekurangan kas dari                               cash shortages from existing financial
                aset    keuangan      yang    ada     yang                          assets which are discounted from the date
                didiskontokan dari tanggal penghentian                              of derecognition to the reporting date using
                pengakuan     ke     tanggal     pelaporan                          the initial effective interest rate of the
                menggunakan suku bunga efektif awal dari                            existing financial assets.
                aset keuangan yang ada.

          Aset Keuangan yang Dibeli atau yang                                Purchased or Originated Credit Impaired
          Berasal dari Aset Keuangan Memburuk                                Financial Assets - POCI

          Aset keuangan dikategorikan sebagai POCI                           Financial assets are catergorized as POCI if
          apabila terdapat bukti objektif penurunan nilai                    there is objective evidence of impairment at
          pada saat pengakuan awal. Pada saat                                initial recognition. At initial recognition, no
          pengakuan awal, tidak ada penyisihan kerugian                      allowance for credit losses is recognized
          kredit yang diakui karena harga pembelian atau                     because the purchase price or value has
          nilainya telah termasuk estimasi kerugian kredit                   included lifetime estimated credit losses.
          sepanjang umurnya. Selanjutnya, perubahan                          Furthermore, changes in lifetime credit losses,
          kerugian kredit sepanjang umurnya, apakah                          whether positive or negative, are recognized in
          positif atau negatif, diakui dalam laporan laba                    the statement of profit or loss as part of the
          rugi sebagai bagian dari cadangan kerugian                         allowance for impairment losses.
          penurunan nilai.




                                                             37
Page 220
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.

          PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                      2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                           (continued)

     s.   Identifikasi dan Pengukuran             Kerugian                s.    Identification and     Measurement                  of
          Penurunan Nilai (lanjutan)                                            Impairment Losses (continued)

          Penyajian Penyisihan          Kerugian     Kredit                     Presentation of Allowance for Expected
          Ekspektasian dalam            Laporan      Posisi                     Credit Losses in Statements of Financial
          Keuangan                                                              Position

          Penyisihan kerugian kredit ekspektasian                               Allowance for expected credit losses is
          disajikan dalam laporan posisi keuangan                               presented in the statement of financial positions
          sebagai berikut:                                                      as follows:

          i.     Aset keuangan yang diukur pada biaya                           i.     Financial assets measured at amortized
                 perolehan     diamortisasi,    penyisihan                             cost, allowance for expected credit losses
                 kerugian kredit ekspektasian disajikan                                is presented as a deduction from the gross
                 sebagai pengurang dari jumlah tercatat                                carrying amount of the asset;
                 bruto aset;
          ii.    Komitmen pinjaman dan kontrak jaminan                          ii.    Loan      commitments      and     financial
                 keuangan, penyisihan kerugian kredit                                  guarantee contracts, allowance for
                 ekspektasian disajikan sebagai provisi;                               expected credit losses is presented as a
                                                                                       provision;
          iii.   Instrumen utang yang diukur pada nilai                         iii.   Debt instruments measured at fair value
                 wajar melalui penghasilan komprehensif                                through other comprehensive income,
                 lain,   penyisihan     kerugian     kredit                            allowance for expected credit losses are
                 ekspektasian tidak diakui dalam laporan                               not recognized in the statement of financial
                 posisi keuangan karena jumlah tercatat                                position because the carrying amounts of
                 dari aset-aset ini adalah nilai wajarnya.                             these assets are at their fair values.
                 Namun demikian penyisihan kerugian                                    However, allowance for expected credit
                 kredit ekspektasian diungkapkan dan                                   losses is disclosed and recognized in other
                 diakui dalam penghasilan komprehensif                                 comprehensive income.
                 lain.

          Penerimaan Kembali atas Aset Keuangan                                 Recoveries of Written-off Financial Assets
          yang Telah Dihapusbukukan

          Ketika kredit yang diberikan tidak tertagih, kredit                   When a loan is uncollectible, it is written off
          yang diberikan tersebut dihapusbuku dengan                            against the related allowance for impairment
          menjurnal balik cadangan kerugian penurunan                           loss. Such loans are written off after all the
          nilai. Kredit yang diberikan tersebut dapat                           necessary procedures have been completed
          dihapus buku setelah semua prosedur yang                              and the amount of the loss has been
          diperlukan telah dilakukan dan jumlah kerugian                        determined.
          telah ditentukan.

          Penerimaan kembali atas aset keuangan yang                            The recoveries of written-off financial assets in
          telah dihapusbukukan pada tahun berjalan                              the current year are credited by adjusting the
          dikreditkan dengan menyesuaikan akun                                  allowance for impairment losses accounts.
          cadangan      kerugian   penurunan      nilai.                        Recoveries of written-off financial assets from
          Penerimaan kembali atas aset keuangan yang                            previous years are recorded as operational
          telah dihapusbukukan pada tahun sebelumnya                            income other than interest income.
          dicatat sebagai pendapatan operasional selain
          pendapatan bunga.




                                                                38
Page 221
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                          (continued)

     s.   Identifikasi dan Pengukuran            Kerugian                s.    Identification and     Measurement                  of
          Penurunan Nilai (lanjutan)                                           Impairment Losses (continued)

          Aset non-keuangan                                                    Non-financial assets

          Nilai tercatat aset non-keuangan, selain aset                        The carrying amount of the Bank's non-financial
          pajak tangguhan, ditelaah pada setiap tanggal                        assets, other than deferred tax assets, are
          pelaporan untuk menentukan ada tidaknya                              reviewed at each reporting date to determine
          indikasi penurunan nilai. Jika terdapat indikasi                     whether there is any indication of impairment. If
          adanya penurunan nilai tersebut, maka nilai                          any such indication exists, then the asset's
          terpulihkan     aset    diestimasi.     Kerugian                     recoverable amount is estimated. An
          penurunan nilai diakui jika nilai tercatat suatu                     impairment loss is recognized if the carrying
          aset melebihi estimasi nilai terpulihkannya. Nilai                   amount of an asset exceeds its estimated
          terpulihkan suatu aset adalah nilai yang                             recoverable amount. The recoverable amount
          terbesar antara nilai pakai aset dan nilai wajar                     of an asset is the greater of its value in use and
          dikurangi biaya penjualan. Dalam penentuan                           its fair value less cost to sell. In assessing value
          nilai pakai aset, estimasi arus kas masa depan                       in use, the estimated future cash flows are
          didiskontokan menggunakan tingkat diskonto                           discounted to their present value using a pretax
          sebelum pajak yang menggambarkan penilaian                           discount rate that reflects current market
          pasar kini atas nilai waktu dari uang dan risiko                     assessments of the time value of money and
          yang terkait dengan aset yang bersangkutan.                          the risks specific to the asset.

          Untuk tujuan pengujian penurunan nilai, aset                         For the purpose of impairment testing, assets
          yang tidak dapat diuji secara individual dapat                       that cannot be tested individually are grouped
          digabungkan ke dalam kelompok aset terkecil                          together into the smallest group of assets that
          yang menghasilkan arus kas masuk dari                                generates cash inflows from continuing use that
          penggunaan        berkesinambungan        yang                       are largely independent of the cash inflows of
          sebagian besar independen dari arus kas                              other assets.
          masuk dari aset lainnya.

          Kerugian penurunan nilai atas aset non-                              Impairment losses in respect of non-financial
          keuangan     yang diakui     pada      periode                       assets recognized in prior periods are assessed
          sebelumnya ditelaah pada setiap tanggal                              at each reporting date for any indications that
          pelaporan untuk menilai apakah terdapat                              the loss has decreased or no longer exists. An
          indikasi bahwa rugi penurunan nilai yang telah                       impairment loss is reversed if there has been a
          diakui sebelumnya telah menurun atau tidak                           change in the estimates used to determine the
          ada lagi. Kerugian penurunan nilai dibalik jika                      recoverable amount. An impairment loss is
          terdapat perubahan estimasi yang digunakan                           reversed only to the extent that the asset's
          untuk menentukan nilai terpulihkan. Jumlah                           carrying amount does not exceed the carrying
          kerugian penurunan nilai yang dibalik tidak                          amount that would have been determined, net
          boleh menyebabkan nilai aset melebihi nilai                          of depreciation or amortization, if no impairment
          tercatat neto setelah penyusutan atau                                loss had been recognized.
          amortisasi, seandainya tidak ada kerugian
          penurunan nilai yang diakui.

     t.   Simpanan dari Nasabah dan Bank Lain                            t.    Deposits from Customers and Other Banks

          Simpanan pada awalnya diukur pada nilai wajar                        Deposits are initially measured at fair value less
          dikurangi biaya transaksi yang dapat                                 directly attributable transaction costs, and
          diatribusikan secara langsung untuk perolehan                        subsequently measured at amortized cost
          simpanan, dan setelah pengakuan awal diukur                          using the effective interest method.
          pada       biaya    perolehan     diamortisasi
          menggunakan metode suku bunga efektif.




                                                               39
Page 222
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                          (continued)

     u.   Efek-efek yang Diterbitkan                                     u.    Marketable Securities Issued

          Efek-efek yang diterbitkan pada pengukuran                           Marketable securities issued are initially
          awal disajikan sebesar nilai wajar ditambah                          measured at fair value plus directly attributable
          dengan biaya transaksi (jika ada) yang dapat                         transaction costs (if any). Subsequently
          diatribusikan langsung dengan perolehan/                             transaction costs are amortized using the
          penerbitan efek-efek yang diterbitkan. Biaya                         effective interest rate up to the maturity of
          transaksi kemudian diamortisasi dengan suku                          marketable securities. Marketable securities
          bunga efektif sampai dengan jatuh tempo dari                         issued are classified as financial liabilities at
          efek-efek yang diterbitkan.                                          amortized cost.

     v.   Liabilitas Imbalan Kerja                                       v.    Obligation for Employment Benefits

          Liabilitas imbalan kerja dihitung sebesar nilai                      The obligation for employment benefits is
          kini dari estimasi jumlah liabilitas imbalan kerja                   calculated at present value of estimated future
          di masa depan yang timbul dari jasa yang telah                       benefits that the employees have earned in
          diberikan oleh karyawan pada masa kini dan                           return for their services in the current and prior
          masa lalu. Perhitungan dilakukan oleh aktuaris                       periods. The calculation is performed by an
          independen dengan metode projected-unit-                             independent actuary using the projected-unit-
          credit.                                                              credit method.

          Keuntungan atau kerugian yang timbul dari                            Gains or losses arising from actuarial
          pengukuran kembali aktuarial dari liabilitas                         remeasurements of the net defined benefit
          imbalan pasti bersih diakui segera sebagai                           liability are recognized immediately in other
          penghasilan komprehensif lain. Ketika manfaat                        comprehensive income. When the benefits of a
          atas program berubah atau ketika terjadi                             plan are changed or when a plan is curtailed,
          kurtailmen program, dampak perubahan atas                            the resulting change in benefit that relates to
          manfaat sehubungan dengan jasa lalu atau                             past service or the gain or loss on curtailment is
          keuntungan atau kerugian atas kurtailmen                             recognized immediately in profit or loss.
          diakui segera dalam laba rugi.

     w. Modal Saham                                                      w. Share Capital

          Saham diklasifikasikan sebagai ekuitas jika                          Shares are classified as equity when there is no
          tidak terdapat kewajiban kontraktual untuk                           contractual obligation to transfer cash or other
          mentransfer kas atau aset keuangan lainnya.                          financial assets.

     x.   Beban Emisi Saham                                              x.    Share Issuance Costs

          Beban emisi saham yang terjadi sehubungan                            Shares issuance costs related to the public
          dengan penawaran saham umum kepada                                   offering of shares are deducted from the
          masyarakat dikurangkan langsung dari hasil                           proceeds and presented as a deduction in the
          emisi dan disajikan sebagai pengurang pada                           “Additional Paid-in-Capital” account under
          akun “Tambahan Modal Disetor” sebagai                                equity section in the statement of financial
          bagian dari ekuitas pada laporan posisi                              position.
          keuangan.




                                                               40
Page 223
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                   2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                        (continued)

     y.   Laba per Saham                                               y.    Earnings per Share

          Laba per saham dasar dihitung dengan                               Basic earnings per share is computed by
          membagi laba tahun berjalan dengan rata-rata                       dividing income for the year by the weighted
          tertimbang jumlah saham yang beredar selama                        average number of outstanding shares during
          tahun berjalan.                                                    the year.

     z.   Pendapatan dan Beban Bunga                                   z.    Interest Income and Expenses

          Pendapatan dan beban bunga diakui dalam                            Interest income and expenses are recognized
          laba rugi menggunakan metode suku bunga                            in profit or loss using the effective interest
          efektif.                                                           method.

          Pendapatan dan beban bunga yang disajikan di                       Interest income and expenses presented in the
          dalam laporan laba rugi dan penghasilan                            statement of profit or loss and other
          komprehensif lain meliputi:                                        comprehensive income include:

             Bunga atas aset keuangan dan liabilitas                           Interest on financial assets and liabilities at
              keuangan yang dicatat pada biaya                                   amortized cost calculated using the effective
              perolehan diamortisasi yang dihitung                               interest method; and
              menggunakan metode suku bunga efektif;
              dan
             Bunga atas efek-efek yang tersedia untuk                          Interest on available-for-sale securities
              dijual yang dihitung menggunakan metode                            calculated using the effective interest
              suku bunga efektif.                                                method.

          Pendapatan bunga atas aset keuangan yang                           Interest on impaired financial assets continues
          mengalami penurunan nilai tetap diakui atas                        to be recognized using the rate of interest used
          dasar suku bunga yang digunakan untuk                              to discount the future cash flows for the
          mendiskonto arus kas masa datang dalam                             purposes of measuring the impairment losses.
          pengukuran kerugian penurunan nilai.

     aa. Pendapatan dan Beban Provisi dan Komisi                       aa. Fees and            Commission         Income       and
                                                                           Expenses

          Pendapatan dan beban provisi dan komisi yang                       Fees and commission income and expenses
          merupakan bagian tak terpisahkan dari suku                         that are integral to the effective interest rate on
          bunga efektif aset keuangan atau liabilitas                        a financial asset or liability are included in the
          keuangan dimasukkan ke dalam perhitungan                           measurement of the effective interest rate.
          suku bunga efektif.

          Pendapatan provisi dan komisi yang diperoleh                       Fees and commissions income earned from a
          atas beragam jasa yang diberikan kepada                            range of services rendered to customers are
          nasabah umumnya diakui pada saat                                   normally recognized upon a completion of a
          penyelesaian transaksi. Untuk jasa yang                            transaction. For services provided over a period
          diberikan selama periode waktu tertentu atau                       of time or credit risk undertaken, fees and
          periode risiko kredit yang diterima, provisi dan                   commissions are amortized over the relevant
          komisi diamortisasi selama periode waktu                           period.
          terkait.




                                                             41
Page 224
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

          PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                  2.   Summary of        Material     Accounting       Policies
     (lanjutan)                                                       (continued)

     ab. Pendapatan Transaksi Perdagangan - Neto                      ab. Trading Income - Net

         Pendapatan      bersih      instrumen      yang                  Net trading income comprises gains less losses
         diperdagangkan terdiri dari keuntungan                           on derivative assets and liabilities and includes
         dikurangi kerugian atas aset dan liabilitas                      all realized and unrealized fair value changes
         derivatif yang dimiliki untuk diperdagangkan,                    and foreign exchange differences.
         dan termasuk perubahan nilai wajar yang sudah
         ataupun yang belum direalisasi dan selisih kurs.

     ac. Segmen Operasi                                               ac. Operating Segment

         Segmen operasi adalah komponen dari entitas                      An operating segment is a component of an
         yang terlibat dalam aktivitas bisnis yang mana                   entity that engages in business activities from
         memperoleh pendapatan dan menimbulkan                            which it may earn revenues and incur
         beban, termasuk pendapatan dan beban terkait                     expenses, including revenues and expenses
         dengan transaksi dengan komponen lainnya                         that relate to transactions with any of the entity’s
         dari entitas, yang hasil operasinya dikaji ulang                 other components, whose operating results are
         secara berkala oleh pengambil keputusan                          reviewed regularly by the chief operating
         operasional untuk membuat keputusan tentang                      decision maker to make decisions about
         sumber daya yang dialokasikan pada segmen                        resources allocated to the segment and assess
         tersebut dan menilai kinerjanya, dan tersedia                    its performance, and for which discrete
         informasi keuangan yang dapat dipisahkan.                        financial information is available.

         Karena pada saat ini Direksi Bank hanya                          As the Bank’s Board of Directors currently only
         menelaah alokasi aset keuangan tertentu di                       reviews the allocation of certain financial assets
         antara nasabah ritel dan wholesale, tetapi tidak                 amongst retail and wholesale customers, but
         untuk hasil operasi lainnya serta informasi                      not the other operating results and the discrete
         keuangan yang dapat dipisahkan juga tidak                        financial information is also currently
         tersedia    di   Bank,    maka     manajemen                     unavailable within the Bank, therefore, the
         berkeyakinan bahwa Bank pada saat ini                            management believes that the Bank is being
         dikelola sebagai segmen operasi tunggal.                         managed as a single operating segment.

     ad. Standar Akuntansi yang Berlaku Efektif                       ad. Accounting     Standards           Effective       on
         Tanggal 1 Januari 2024                                           January 1, 2024

         Berikut amendemen dan penyesuaian atas                           The    following     are   amendments         and
         standar yang berlaku efektif untuk periode yang                  improvements to standards which effective for
         dimulai pada atau setelah 1 Januari 2024,                        periods beginning on or after January 1, 2024,
         dengan penerapan dini diperkenankan yaitu:                       with early adoption is permitted, are as follows:

            Nomenklatur Standar Akuntansi Keuangan                           Financial    Accounting              Standards
                                                                               Nomenclature

             Standar ini mengatur penomoran baru                               This standard regulates the new
             untuk standar akuntansi keuangan yang                             numbering for financial accounting
             berlaku di Indonesia yang diterbitkan oleh                        standards applicable in Indonesia issued
             DSAK IAI.                                                         by DSAK IAI.

            Amandemen PSAK No. 116, ”Sewa”                                   Amendments of PSAK No 116, “Lease”
             tentang liabilitas sewa pada transaksi jual                       regarding lease liabilities in sale-and-lease
             dan sewa balik                                                    back transactions




                                                            42
Page 225
                                                                           The original financial statements included herein are in
                                                                                                         the Indonesian language.

          PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


2.   Ikhtisar Kebijakan Akuntansi yang Material                  2.   Summary of           Material     Accounting       Policies
     (lanjutan)                                                       (continued)

     ad. Standar Akuntansi yang Berlaku Efektif                       ad. Accounting     Standards              Effective       on
         Tanggal 1 Januari 2024 (lanjutan)                                January 1, 2024 (continued)

          Berikut amendemen dan penyesuaian atas                            The     following   are    amendments         and
          standar yang berlaku efektif untuk periode yang                   improvements to standards which effective for
          dimulai pada atau setelah 1 Januari 2024,                         periods beginning on or after January 1, 2024,
          dengan penerapan dini diperkenankan yaitu:                        with early adoption is permitted, are as follows:
          (lanjutan)                                                        (continued)

             Pilar Standar Akuntansi Keuangan                                   Financial Accounting Standards Pillars

              Standar ini memberikan persyaratan dan                              These standards provide requirements and
              pedoman bagi entitas untuk menerapkan                               guidelines for entities to apply the correct
              standar akuntansi keuangan yang benar                               financial accounting standards in preparing
              dalam menyusun laporan keuangan                                     general purpose financial statements.
              bertujuan umum. Akan ada 4 (empat)                                  There will be 4 (four) financial accounting
              standar akuntansi keuangan yang saat ini                            standards that are currently applied in
              diterapkan di Indonesia, yaitu:                                     Indonesia, namely:
              - Pilar 1 Standar Akuntansi Keuangan                                 - Pillar     1   International    Financial
                  Internasional,                                                      Accounting Standards,
              - Pilar 2 Standar Akuntansi Keuangan                                 - Pillar     2    Indonesian      Financial
                  Indonesia (PSAK),                                                   Accounting Standards (PSAK),
              - Pilar 3 Standar Akuntansi Keuangan                                 - Pillar     3    Indonesian      Financial
                  Indonesia untuk Entitas Swasta/Standar                              Accounting Standards for Private
                  Akuntansi Keuangan Indonesia untuk                                  Entities/Indonesian            Financial
                  Entitas Tanpa Akuntabilitas Publik, dan                             AccountingStandards       for   Entities
              - Pilar 4 Standar Akuntansi Keuangan                                    without Public Accountability, and
                  Indonesia untuk Entitas Mikro Kecil dan                          - Pillar     4    Indonesian      Financial
                  Menengah.                                                           Accounting Standards for Micro Small
                                                                                      and Medium Enterprisesities.

          Implementasi standar-standar tersebut tidak                       The implementation of the above standards had
          memiliki dampak yang signifikan terhadap                          no significant effect on the amounts reported for
          jumlah yang dilaporkan di periode berjalan atau                   the current period or prior financial period.
          periode sebelumnya.

3.   Kebijakan Manajemen Risiko Keuangan dan                     3.   Financial Risk Management                   and     Capital
     Manajemen Modal                                                  Management Policies

     a.   Risiko Kredit                                               a.    Credit Risk

          Risiko Kredit adalah risiko akibat kegagalan                      Credit Risk is the risk arising from the failure of
          pihak lawan dalam memenuhi kewajiban                              counterparties to fulfill its obligations, including
          kepada Bank, termasuk risiko kredit akibat                        credit risk due to failure of the debtor, credit
          kegagalan debitur, risiko konsentrasi kredit,                     concentration risk, counterparty credit risk, and
          counterparty credit risk, dan settlement risk.                    settlement risk. Credit risk management is to
          Manajemen risiko kredit bertujuan untuk                           ensure that the credit is granted based on the
          memastikan      bahwa      kredit    diberikan                    principles of sound lending.
          berdasarkan prinsip pemberian kredit yang
          sehat.




                                                            43
Page 226
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.

          PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                         3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                           Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                        a.    Credit Risk (continued)

          Beberapa prinsip utama dalam manajemen                                Some key principles in the management of
          risiko kredit yang ditetapkan Bank antara lain:                       credit risk applied by the Bank are as follows:

          •   Dewan Komisaris dan Direksi bertanggung                           •     Board of Commissioners and Board of
              jawab       atas    efektivitas     penerapan                           Directors are responsible for the effective
              manajemen risiko kredit;                                                implementation of credit risk management;
          •   Melakukan pemberdayaan unit-unit kerja                            •     Empower independent work units to
              independen             untuk        melakukan                           perform internal control over the work units
              pengendalian internal atas unit-unit kerja                              associated with the process of granting
              yang terkait dengan proses pemberian                                    credit;
              kredit;
          •   Bank telah memiliki Prinsip-prinsip Dasar                         •     The Bank has Credit Risk Principles, which
              Risiko Kredit, yang berguna sebagai acuan                               is used as the basic reference in
              dasar       dalam       menjalankan     fungsi                          performing Credit Risk Management
              Manajemen Risiko Kredit yang tidak boleh                                function which can not be violated;
              dilanggar;
          •   Proses persetujuan kredit dilakukan secara                        •     Loan approval process is done on a
              sentralisasi di Kantor Pusat melalui                                    centralized basis at the Head Office
              pertemuan Komite Kredit;                                                through Credit Committee meeting;
          •   Melakukan identifikasi risiko yang melekat                        •     Identify the inherent risks in new products
              pada produk dan aktivitas baru;                                         and activities;
          •   Melakukan pengawasan harian terhadap                              •     Conduct daily monitoring of credit arrears,
              tunggakan kredit diatas 7 hari untuk                                    above 7 days to anticipate the non-
              mengantisipasi           terjadinya      kredit                         performing loans, monitor and provide
              bermasalah, memonitor dan memberikan                                    early warning of potential losses due to a
              peringatan dini (early warning) atas potensi                            deterioration in loan collectability;
              kerugian yang disebabkan penurunan
              kolektibilitas kredit;
          •   Melakukan perbaikan kualitas aset                                 •     Improve the quality of productive assets,
              produktif, penyebaran risiko portofolio                                 credit portfolio risk distribution by ensuring
              kredit dengan memastikan diversifikasi                                  diversified loan portfolio in industry sectors
              portofolio kredit di sektor-sektor industri                             and market segments; and
              maupun segmen pasar; dan
          •   Melakukan           restrukturisasi        dan                    •     Conduct restructuring and resolution of
              penyelesaian agunan yang diambil alih.                                  foreclosed assets.

          Untuk    mengendalikan dan memelihara                                 To control and sustain minimal exposure of
          eksposur risiko kredit pada tingkat minimal yang                      credit risk to the Bank resulting from its loans:
          berasal dari kredit yang diberikan:

          •   Bank telah memiliki sistem deteksi dini                           •     The Bank has early problem detection
              permasalahan melalui ”early alert” dan                                  system through “early alert” and disciplined
              pemantauan yang ketat; dan                                              monitoring; and
          •   Seluruh kredit yang diberikan dijamin                             •     All loans are secured by collateral, except
              dengan agunan, kecuali untuk jenis kredit                               for certain loans such as high quality
              tertentu seperti kredit korporasi berkualitas                           corporate loans, personal loans and
              tinggi, kredit perorangan dan fasilitas antar                           interbank loans.
              bank.




                                                                44
Page 227
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                      3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                        Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                     a.    Credit Risk (continued)

          Untuk mengantisipasi adanya risiko kredit yang                     To anticipate the inherent credit risk in debtors’
          melekat pada kegiatan usaha debitur, Bank                          business activities, the Bank needs to review
          perlu menelaah kualitas kredit debitur baru dan                    the credit quality of new debtors and existing
          debitur lama, serta menerapkan peraturan dan                       debtors, and implements the Bank’s regulation
          kebijakan Bank mengenai kriteria penerimaan                        and policy on credit acceptance criteria, which
          kredit, yang mengatur persyaratan minimum                          describes minimum requirements covering
          yang diperlukan, yang mencakup aspek                               owner, management, industry, financial
          pemilik, manajemen, industri, kinerja keuangan,                    performance,          administration          and
          administrasi dan dokumentasi serta agunan.                         documentation and collateral aspects.

          Agar penerapan fungsi manajemen risiko kredit                      In order for the implementation of credit risk
          sejalan dengan risk appetite yang telah                            management function in line with the risk
          ditetapkan, Direksi membentuk Komite Kredit                        appetite set by the Bank, Board of Directors
          yang memiliki fungsi dan tanggung jawab                            established Credit Committee which functions
          sebagai berikut:                                                   and responsibilities are as follows:

          1.   Memberikan persetujuan atau penolakan                         1.    Provide approval or rejection of credit in
               kredit     sesuai     dengan      batas                             accordance with the authority/type of credit
               wewenang/jenis kredit yang ditetapkan                               established by the Board of Directors;
               oleh Direksi;
          2.   Melakukan koordinasi dengan Komite Aset                       2.    To coordinate with Assets and Liabilities
               dan Liabilitas (ALCO) dalam aspek                                   Committee (ALCO) in the aspect of funding
               ketersediaan pendanaan untuk pencairan                              availability for loan disbursement;
               kredit;
          3.   Memantau pelaksanaan kebijakan kredit;                        3.    Monitor the implementation of the credit
                                                                                   policy;
          4.   Bertindak sebagai penasehat dalam hal                         4.    Acting as an advisor for credit to related
               perkreditan kepada pihak terkait;                                   parties;
          5.   Mengembangkan kebijakan kredit Bank;                          5.    Develop Bank’s credit policy; and
               dan
          6.   Mengevaluasi/menilai kinerja dari unit                        6.    Evaluate/assess the performance                of
               bisnis dan unit penelaahan kredit.                                  business unit and credit review unit.

          Limit Risiko dan Kebijakan Mitigasi                                Risk Limit and Mitigation Policies

          Limit pemberian kredit ditelaah mengikuti Batas                    Lending limits are reviewed in the light of Bank’s
          Maksimum Pemberian Kredit (BMPK) yang                              Legal Lending Limit (LLL) set by Bank based on
          ditetapkan oleh Bank sesuai dengan peraturan                       the applicable regulator’s regulation.
          regulator yang berlaku.

          Bank menerapkan kebijakan untuk memitigasi                         The Bank implements policies to mitigate credit
          risiko kredit dengan mengharuskan adanya                           risk by requiring collateral to secure the
          agunan sebagai jaminan pelunasan kredit jika                       repayment of loan if the main source of debtor’s
          sumber pembayaran utama debitur melalui arus                       payment through cash flows is not fulfilled.
          kas tidak terpenuhi.

          Eksposur maksimum risiko kredit                                    Maximum exposure to credit risk

          Untuk aset keuangan yang diakui di laporan                         For financial assets recognized in the financial
          keuangan, eksposur maksimum terhadap risiko                        statement, the maximum exposure to credit risk
          kredit sama dengan nilai tercatatnya. Untuk                        is equal to their carrying amount. For bank
          bank garansi dan irrevocable L/C yang                              guarantees and irrevocable L/C issued, the
          diterbitkan, eksposur maksimum terhadap                            maximum exposure to credit risk is the
          risiko kredit adalah nilai yang harus dibayarkan                   maximum amount that the Bank would have to
          oleh Bank jika kewajiban atas bank garansi dan                     pay if the obligations on the bank guarantees
          irrevocable L/C yang diterbitkan terjadi.                          and irrevocable L/C issued are called upon.

                                                             45
Page 228
                                                                                                  The original financial statements included herein are in
                                                                                                                                the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                              PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                        As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                              unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                           3.    Financial Risk Management and                                Capital
     Manajemen Modal (lanjutan)                                                              Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                                           a.     Credit Risk (continued)

          Eksposur maksimum risiko kredit (lanjutan)                                                Maximum exposure to credit risk (continued)

          Tabel berikut menyajikan eksposur maksimum                                                The following table presents the Bank’s
          Bank terhadap risiko kredit untuk instrumen                                               maximum exposure to credit risk of financial
          keuangan pada laporan posisi keuangan dan                                                 instruments in the statement of financial
          rekening administratif, tanpa memperhitungkan                                             position and off-balance sheet accounts,
          agunan yang dimiliki atau perlindungan kredit                                             without taking into account any collateral held
          lainnya:                                                                                  or other credit enhancement:
                                                                              2024

                                                          Pemerintah
                                                           dan Bank
                                                          Indonesia/
                                                          Government
                                         Korporasi/        and Bank           Bank/               Ritel/
                                         Corporates        Indonesia          Banks               Retail             Total

                                                                                                                                             Current accounts with
          Giro pada Bank Indonesia                    -        410.213                   -                    -         410.213                   Bank Indonesia
          Giro pada bank lain                         -              -              38.818                    -          38.818   Current accounts with other banks
          Penempatan pada Bank                                                                                                     Placements with Bank lndonesia
             Indonesia dan bank lain                -        1.014.401             321.900                    -       1.336.301                  and other banks
          Tagihan derivatif                       190                -               3.079                    -           3.269              Derivative receivables
          Kredit yang diberikan             8.393.119                -                   -               61.447       8.454.566                               Loans
          Efek-efek                                 -        2.160.025                   -                    -       2.160.025                           Securities
          Aset lain-lain*)                     87.687                -               9.246                3.884         100.817                      Other assets*)

          Total                             8.480.996        3.584.639             373.043               65.331      12.504.009                               Total

          Persentase                          67,83%           28,67%               2.98%                0,52%         100,00%                          Percentage




                                                                              2023

                                                          Pemerintah
                                                           dan Bank
                                                          Indonesia/
                                                          Government
                                         Korporasi/        and Bank           Bank/               Ritel/
                                         Corporates        Indonesia          Banks               Retail             Total

                                                                                                                                             Current accounts with
          Giro pada Bank Indonesia                    -        543.920                   -                    -         543.920                    Bank Indonesia
          Giro pada bank lain                         -              -             184.104                    -         184.104   Current accounts with other banks
          Penempatan pada Bank                                                                                                     Placements with Bank lndonesia
             Indonesia dan bank lain                  -      1.092.008                  -                     -       1.092.008                   and other banks
          Tagihan derivatif                           -              -                 11                     -              11              Derivative receivables
          Efek-efek yang dibeli dengan                                                                                                  Securities purchased under
             janji dijual kembali                   -        2.977.202                   -                    -       2.977.202             agreements to resell
          Kredit yang diberikan             5.884.315                -                   -               72.109       5.956.424                                Loans
          Efek-efek                                 -          389.952                   -                    -         389.952                           Securities
          Aset lain-lain*)                    183.672                -              55.944                8.361         247.977                       Other assets*)
          Komitmen dan kontinjensi                                                                                                 Commitments and contingencies
             dengan risiko kedit              144.982                  -                 -                    -         144.982                    with credit risk

          Total                             6.212.969        5.003.082             240.059               80.470      11.536.580                               Total

          Persentase                          53,85%           43,47%               2,08%                0,70%         100,00%                          Percentage



          *)      Aset lain-lain terdiri dari tagihan atas transaksi agunan                         *)     Other assets consist of receivables from foreclosed
                  yang diambil alih, piutang bunga, setoran jaminan, dan                                   assets transactions, interest receivables, security
                  piutang lain-lain                                                                        deposits, and other receivables.




                                                                              46
Page 229
                                                                                The original financial statements included herein are in
                                                                                                              the Indonesian language.

          PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                        3.     Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                            Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                         a.    Credit Risk (continued)

          Eksposur maksimum risiko kredit (lanjutan)                             Maximum exposure to credit risk (continued)

          Tabel di bawah ini menunjukkan net maximum                             The table below shows the net maximum
          exposure (setelah memperhitungkan agunan)                              exposure (after considering collateral) to credit
          atas risiko kredit untuk efek-efek yang dibeli                         risk of securities purchase under agreements to
          dengan janji dijual kembali pada tanggal                               resell as of December 31, 2024 and 2023:
          31 Desember 2024 dan 2023:

                                              Eksposur
                                             maksimum/
                                              Maximum         Agunan/            Eksposur neto/
                                              exposure        Collateral          Net exposure

          2023                                                                                                                     2023
          Efek-efek yang dibeli dengan          2.977.202         3.165.085                    -             Securities purchased under
            janji dijual kembali                                                                                 agreements to resell

          Untuk      kredit   yang    diberikan,    Bank                         For the loans and receivables, Bank uses the
          menggunakan agunan untuk meminimalkan                                  collateral to minimize the credit risk. Based on
          risiko kredit. Berdasarkan agunan, kredit Bank                         collaterals, the Bank’s loans are classified into
          dapat dibedakan menjadi dua kelompok besar,                            two major category:
          yaitu:
          a. Secured loans; dan                                                  a.    Secured loans; and
          b. Unsecured loans.                                                    b.    Unsecured loans.

          Untuk secured loans, Bank menetapkan jenis                             For secured loans, Bank determined the type
          dan nilai agunan yang dijaminkan sesuai skema                          and value of collateral according to the loan
          kredit. Jenis dari agunan terdiri dari:                                scheme. Types of collateral are as follows:

          a.   Physical collateral, antara lain tanah,                           a.    Physical collateral, such as land, buildings,
               bangunan,        kapal,       mesin-mesin,                              vessels, machines, inventories and
               persediaan dan kendaraan bermotor;                                      vehicles;
          b.   Financial collateral, antara lain simpanan                        b.    Financial collateral, such as deposits
               (tabungan, giro dan deposito berjangka),                                (saving deposits, demand deposits and
               dan surat berharga; dan                                                 time deposits), and securities; and
          c.   Lainnya, antara lain seperti piutang                              c.    Others, for instance account receivables,
               dagang, garansi, garansi pemerintah dan                                 guarantees, government guarantees and
               lembaga penjamin.                                                       guarantee institution.

          Apabila terjadi default (gagal bayar), Bank akan                       At the time of default, Bank will use the
          menggunakan agunan tersebut sebagai pilihan                            collateral as the last resort in recovering its
          terakhir untuk pemulihan kredit.                                       credit.

          Untuk unsecured loans, Bank tidak menetapkan                           For the unsecured loan Bank does not
          jenis dan nilai agunan yang dijaminkan sesuai                          determine the type and value of collateral
          skema kredit. Keputusan pemberian kredit                               according to the loan scheme. The credit
          berdasarkan pada riwayat kredit dari pemohon                           decision is based on the borrower's
          kredit, bukan dari jenis agunannya. Bank                               creditworthiness, rather than by any type of
          melakukan pemantauan pinjaman setelah                                  collateral. Bank to perform the Loan Monitoring
          pencarian kredit untuk mengetahui kualitas dari                        after loan disbursements to ensure the loan
          pinjaman dan/atau perubahan yang terjadi                               quality and/or condition changes to anticipate
          sehingga dapat segera mengantisipasi hal-hal                           as early possible to the possibilities that may
          yang mungkin dapat merugikan Bank.                                     harm the Bank.




                                                             47
Page 230
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                       3.    Financial Risk Management and                         Capital
     Manajemen Modal (lanjutan)                                          Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                       a.    Credit Risk (continued)

          Eksposur maksimum risiko kredit (lanjutan)                           Maximum exposure to credit risk (continued)

          Tabel berikut menyajikan komposisi kredit yang                       The following table presents the composition of
          diberikan (sebelum penyisihan kerugian                               loans receivable (before allowance for
          penurunan nilai) yang mendapatkan manfaat                            impairment losses) that benefit from such
          dari agunan, baik sebagian maupun penuh,                             partial or full collateralization as credit risk
          sebagai mitigasi dari risiko kredit:                                 mitigation:

                                               2024                              2023
                                       Rp             %                 Rp                 %
          Dijamin penuh dan sebagian   3.377.614           39,95        3.374.897               56,66       Fully and partially secured
          Tidak memiliki jaminan       5.076.952           60,05        2.581.527               43,34                       Unsecured

          Total                        8.454.566          100,00        5.956.424              100,00                            Total


          Penilaian jaminan dapat dilakukan oleh penilai                       Collateral assessment can be performed by
          eksternal dan/atau penilai internal. Untuk kredit                    external and/or internal appraiser. Loans with
          dengan jumlah plafon debitur/grup debitur lebih                      plafond above Rp10,000, should be assessed
          dari Rp10.000, penilaiannya harus dilakukan                          by external/independent appraiser. Re-
          oleh penilai eksternal/independen. Penilaian                         assessment of collaterals is performed by
          kembali jaminan dilakukan baik oleh penilai                          internal and/or external appraiser every year for
          internal dan/atau eksternal setahun sekali untuk                     performing loan. For non-performing loan, the
          kredit yang performing. Untuk kredit yang non-                       frequency of re-assessment could be
          performing, frekuensi penilaian kembali                              conducted more often. In term of down graded
          dilakukan lebih sering. Untuk kredit yang                            loans, re-assessment should be conducted
          mengalami penurunan grading, maka penilaian                          immediately. Collateral generally is not held
          kembali harus segera dilakukan. Pada                                 over placements with Bank Indonesia and other
          umumnya, agunan tidak dimiliki atas                                  banks and securities.
          penempatan pada Bank Indonesia dan bank
          lain dan efek-efek.

          Proses penentuan peringkat kredit Bank                               The Bank’s credit rating determination
          membedakan eksposur untuk menentukan                                 processes differentiate exposures in order to
          eksposur mana yang memiliki faktor risiko lebih                      highlight those with greater risk factors and
          besar dan tingkat kerugian potensial yang lebih                      higher potential severity of loss. The credit
          tinggi. Peringkat kredit setiap debitur ditelaah                     collectibility for each debtor is reviewed
          secara      berkala      dan     perubahannya                        regularly     and   any    amendments      are
          diimplementasikan secepatnya. Peringkat                              implemented promptly. The credit collectibility
          kredit yang diterapkan atas setiap debitur juga                      applied for each debtor also considered credit
          mempertimbangkan kualitas kredit dari debitur                        quality of the respective debtor as determined
          tersebut yang telah ditentukan oleh bank-bank                        by other banks.
          lain.




                                                              48
Page 231
                                                                                                  The original financial statements included herein are in
                                                                                                                                the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                              PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                        As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                              unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                          3.     Financial Risk Management and                               Capital
     Manajemen Modal (lanjutan)                                                              Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                                           a.    Credit Risk (continued)

          Eksposur maksimum risiko kredit (lanjutan)                                               Maximum exposure to credit risk (continued)

          Pembagian aset keuangan berdasarkan                                                      Distribution of financial assets by their credit
          kualitas kreditnya disajikan di bawah ini:                                               quality is summarised as below:
                                                                               2024

                                         Belum jatuh
                                          tempo dan       Jatuh tempo                          Cadangan
                                             tidak          tapi tidak                          kerugian
                                          mengalami        mengalami                          penurunan
                                          penurunan        penurunan         Mengalami            nilai/
                                         nilai/Neither      nilai/Past       penurunan       Allowance for
                                         past due nor     due but not           nilai/        Impairment
                                           impaired         impaired          Impaired           losses           Total

          Aset pada biaya perolehan
            diamortisasi                                                                                                                Assets at amortized cost
                                                                                                                                             Current accounts with
          Giro pada Bank Indonesia             410.213                   -               -                 -        410.213                     Bank lndonesia
          Giro pada bank lain                   38.818                   -               -                (7)        38.811       Current account with other banks
          Penempatan pada Bank                                                                                                     Placement with Bank Indonesia
             Indonesia dan bank lain          1.336.301               -                 -                  -       1.336.301                   and other banks
          Kredit yang diberikan               7.559.382         629.786           265.398           (488.839)      7.965.727                                 Loans
          Efek-efek                             160.686               -                 -                  -         160.686                             Securities
          Aset lain-lain*)                      100.817               -                 -                  -         100.817                        Other assets*)

          Nilai wajar melalui penghasilan                                                                                                Fair valur through other
             komprehensif lain                                                                                                           comprehensive income
          Efek-efek                       1.999.339                      -               -                   -     1.999.339                            Securities

          Aset pada nilai wajar                                                                                                      Assets at fair value through
            melalui laba rugi                                                                                                                     profit or loss
          Tagihan derivatif                       3.269                  -               -                   -            3.269            Derivative receivables

                                            11.609.825          629.786           265.398           (488.846)     12.015.163



                                                                               2023

                                         Belum jatuh
                                          tempo dan       Jatuh tempo                          Cadangan
                                             tidak          tapi tidak                          kerugian
                                          mengalami        mengalami                          penurunan
                                          penurunan        penurunan         Mengalami            nilai/
                                         nilai/Neither      nilai/Past       penurunan       Allowance for
                                         past due nor     due but not           nilai/        Impairment
                                           impaired         impaired          Impaired           losses           Total

          Aset pada biaya perolehan
            diamortisasi                                                                                                                Assets at amortized cost
                                                                                                                                             Current accounts with
          Giro pada Bank Indonesia             543.920                   -               -                 -        543.920                      Bank lndonesia
          Giro pada bank lain                  184.104                   -               -               (15)       184.089       Current account with other banks
          Penempatan pada Bank                                                                                                     Placement with Bank Indonesia
             Indonesia dan bank lain          1.092.008                  -               -                   -     1.092.008                    and other banks
          Tagihan akseptasi                                                                                                                Acceptance receivables
          Efek-efek yang dibeli dengan                                                                                                 Securities purchased under
             janji dijual kembali             2.977.202               -                 -                  -       2.977.202               agreements to resell
          Kredit yang diberikan               5.242.889         667.748            45.787           (507.139)      5.449.285                                 Loans
          Efek-efek                             250.030               -                 -                  -         250.030                             Securities
          Aset lain-lain*)                      247.977               -                 -                  -         247.977                        Other assets*)

          Nilai wajar melalui penghasilan                                                                                                Fair valur through other
             komprehensif lain                                                                                                           comprehensive income
          Efek-efek                            139.922                   -               -                   -      139.922                             Securities

          Aset pada nilai wajar                                                                                                      Assets at fair value through
            melalui laba rugi                                                                                                                     profit or loss
          Tagihan derivatif                          11                  -               -                   -              11             Derivative receivables

                                            10.678.063          667.748            45.787           (507.154)     10.884.444



          *)    Aset lain-lain terdiri dari tagihan atas transaksi agunan                          *)    Other assets consist of receivables from foreclosed
                yang diambil alih, piutang bunga, setoran jaminan, dan                                   assets transactions, interest receivables, security
                piutang lain-lain                                                                        deposits, and other receivables.




                                                                             49
Page 232
                                                                                         The original financial statements included herein are in
                                                                                                                       the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                     PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                               As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                     unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                   3.   Financial Risk Management and                         Capital
     Manajemen Modal (lanjutan)                                                     Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                                  a.    Credit Risk (continued)

          Eksposur maksimum risiko kredit (lanjutan)                                      Maximum exposure to credit risk (continued)

          Analisis umur kredit yang jatuh tempo tetapi                                    The aging analysis of past due but not impaired
          tidak mengalami penurunan nilai pada tanggal                                    loans as of December 31, 2024 and 2023, are
          31 Desember 2024 dan 2023, sebagai berikut:                                     as follows:
                                                                        2024

                               1 sampai dengan     31 sampai dengan      61 sampai dengan
                                30 hari/1 up to      60 hari/31 up to     90 hari/61 up to
                                   30 days               60 days              90 days                Total

          Modal kerja                   414.380                     -               169.109              583.489                    Working capital
          Investasi                      43.336                     -                     -               43.336                       Investment
          Konsumen                        1.047                   981                   933                2.961                        Consumer

          Total                         458.763                   981               170.042              629.786                             Total

          Cadangan kerugian                                                                                                           Allowance for
            penurunan nilai                                                                             (166.394)               impairment losses

          Neto                                                                                           463.392                               Net


                                                                        2023

                               1 sampai dengan     31 sampai dengan      61 sampai dengan
                                30 hari/1 up to      60 hari/31 up to     90 hari/61 up to
                                   30 days               60 days              90 days                Total

          Modal kerja                   156.360                     -                     -              156.360                    Working capital
          Investasi                      54.103                     -               451.021              505.124                       Investment
          Konsumen                        2.829                 1.679                 1.756                6.264                        Consumer

          Total                         213.292                 1.679               452.777              667.748                             Total

          Cadangan kerugian                                                                                                           Allowance for
            penurunan nilai                                                                             (218.760)               impairment losses

          Neto                                                                                           448.988                               Net



          Belum jatuh tempo dan tidak mengalami                                           Neither past due nor impaired
          penurunan nilai

          Eksposur menunjukkan laba yang tinggi atau                                      Exposures exhibit high or stable earnings,
          stabil, modal dan likuiditas yang memadai,                                      adequate capital and liquidity, as generally
          secara umum tercermin dengan pembayaran                                         evidenced by prompt repayment of its
          komitmen terhadap Bank secara tepat waktu.                                      commitment with the Bank. Source of payment
          Sumber pembayaran dapat diidentifikasikan                                       can be clearly identifiable.
          secara jelas.

          Jatuh tempo tetapi          tidak       mengalami                               Past due but not impaired
          penurunan nilai

          Eksposur dimana telah terjadi tunggakan                                         Exposures, for which contractual interest or
          pembayaran pokok atau bunga kontraktual,                                        principal payments are past due, however the
          tetapi Bank berkeyakinan bahwa penurunan                                        Bank believes that individual impairment has
          nilai  individual    belum     terjadi dengan                                   not occurred with consideration of the collateral
          mempertimbangkan agunan yang tersedia                                           pledged and/or the stage of collection of
          dan/atau tingkat tertagihnya jumlah yang masih                                  amounts owned.
          terutang kepada Bank.




                                                                  50
Page 233
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                       3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                         Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                      a.    Credit Risk (continued)

          Mengalami penurunan nilai                                           Impaired

          Eksposur dengan peringkat kurang lancar,                            Exposures with substandard, doubtful and loss
          diragukan dan macet dimana Bank telah                               grading for which the Bank determines that
          menentukan bahwa terdapat bukti objektif                            there is objective evidence of impairment and it
          penurunan nilai dan Bank tidak mengharapkan                         does not expect to collect all principal and
          untuk menerima kembali seluruh nilai pokok                          interest due according to the contractual terms
          dan bunga tertunggak sesuai dengan                                  of the agreement.
          persyaratan kontraktual dalam perjanjian.

          Definisi kualitas kredit debitur dalam                              The definition of the debtor’s credit quality in
          menentukan peringkat kredit sesuai dengan                           determining credit rating is in accordance with
          kualitas kredit yang diatur dalam peraturan OJK                     credit quality stipulated in the prevailing OJK
          yang berlaku, sebagai berikut:                                      regulations, as follows:

          •   Lancar: eksposur menunjukkan laba yang                          •     Current: exposures exhibit high or stable
              tinggi atau stabil, modal dan likuiditas yang                         earnings, adequate capital and liquidity, as
              memadai, secara umum tercermin dari                                   generally evidenced by prompt repayment
              pembayaran komitmen terhadap Bank dan                                 of its commitment with the Bank and other
              kreditur lainnya secara tepat waktu.                                  creditors. Source of payment can be
              Sumber            pembayaran            dapat                         clearly identifiable and the Bank does not
              diidentifikasikan secara jelas dan Bank                               rely on collateral for settlement of the
              tidak bergantung pada jaminan untuk                                   debtor’s future commitments.
              penyelesaian komitmen debitur di masa
              datang.
          •   Dalam perhatian khusus: eksposur                                •     Special mention: exposures require
              memerlukan tingkat pemantauan yang                                    varying degrees of special attention and
              bervariasi dan risiko wanprestasi menjadi                             default risk is of concern.
              perhatian.
          •   Kurang lancar: eksposur dimana nasabah                          •     Substandard: exposures which the debtor
              dalam tahap keterlambatan pembayaran                                  is in the stages of delinquency and has
              dan telah gagal untuk melakukan                                       failed to make a payment on overdue
              pembayaran kewajiban yang lewat jatuh                                 accounts for 91 days up to 120 days, in
              tempo 91 hari sampai dengan 120 hari,                                 accordance with the contractual terms of
              sesuai dengan persyaratan kontraktual                                 the loan agreement.
              dalam perjanjian kredit.
          •   Diragukan: eksposur dimana nasabah                              •     Doubtful: exposures which the debtor is in
              dalam tahap keterlambatan pembayaran                                  the stages of delinquency and has failed to
              dan telah gagal untuk melakukan                                       make a payment on overdue accounts for
              pembayaran kewajiban yang lewat jatuh                                 121 days up to 180 days, in accordance
              tempo 121 hari sampai dengan 180 hari,                                with the contractual terms of the loan
              sesuai dengan persyaratan kontraktual                                 agreement.
              dalam perjanjian kredit.
          •   Macet: eksposur dimana nasabah dalam                            •     Loss: exposures which the debtor is in the
              tahap keterlambatan pembayaran dan                                    stages of delinquency and has failed to
              telah gagal untuk melakukan pembayaran                                make a payment on overdue accounts for
              kewajiban yang lewat jatuh tempo lebih                                more than 180 days, in accordance with
              dari 180 hari, sesuai dengan persyaratan                              the contractual terms of the loan
              kontraktual dalam perjanjian kredit.                                  agreement.




                                                              51
Page 234
                                                                                                  The original financial statements included herein are in
                                                                                                                                the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                              PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                        As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                              unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                           3.    Financial Risk Management and                                 Capital
     Manajemen Modal (lanjutan)                                                              Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                                           a.     Credit Risk (continued)

          Mengalami penurunan nilai (lanjutan)                                                      Impaired (continued)

          Analisa konsentrasi risiko kredit                                                         Concentration of credit risk analysis

          Konsentrasi risiko kredit timbul ketika sejumlah                                          Concentrations of credit risk arise when a
          nasabah menjalankan kegiatan usaha yang                                                   number of customers are engaged in similar
          sejenis atau menjalankan kegiatan usaha                                                   business activities or activities within the same
          dalam wilayah geografis yang sama, atau ketika                                            geographic region, or when they have similar
          nasabah memiliki karakteristik yang sejenis                                               characteristics that would cause their ability to
          yang akan menyebabkan kemampuan mereka                                                    meet contractual obligations to be similarly
          untuk memenuhi kewajiban kontraktualnya                                                   affected by changes in economic or other
          secara serupa dipengaruhi oleh perubahan                                                  conditions.
          kondisi ekonomi atau kondisi lainnya.

          Konsentrasi risiko kredit berdasarkan jenis                                               Concentration of credit risk by type of debtors:
          debitur:
                                                                              2024

                                                          Pemerintah dan
                                                          Bank Indonesia/
                                         Korporasi/       Government and                          Ritel/
                                         Corporate        Bank Indonesia      Bank                Retail             Total

                                                                                                                                              Current accounts with
          Giro pada Bank Indonesia                    -          410.213                 -                    -        410.213                    Bank Indonesia
          Giro pada bank lain                         -                -            38.818                    -         38.818    Current accounts with other banks
          Penempatan pada Bank                                                                                                     Placements with Bank lndonesia
             Indonesia dan bank lain                -           1.014.401          321.900                    -       1.336.301                  and other banks
          Tagihan derivatif                       190                   -            3.079                    -           3.269              Derivative receivables
          Efek-efek yang dibeli dengan                                                                                                  Securities purchased under
             janji dijual kembali                   -                   -                -                    -               -             agreements to resell
          Kredit yang diberikan             8.393.119                   -                -               61.447       8.454.566                               Loans
          Efek-efek                                 -           2.160.025                -                    -       2.160.025                           Securities
          Aset lain-lain*)                     87.687                   -            9.246                3.884         100.817                      Other assets*)

          Total                             8.480.996           3.584.639          373.043               65.331      12.504.009                                Total

          Persentase                          67,83%              28,67%            2,98%                0,52%         100,00%                           Percentage



                                                                              2023

                                                          Pemerintah dan
                                                          Bank Indonesia/
                                         Korporasi/       Government and                          Ritel/
                                         Corporate        Bank Indonesia      Bank                Retail             Total

                                                                                                                                              Current accounts with
          Giro pada Bank Indonesia                    -          543.920                 -                    -        543.920                    Bank Indonesia
          Giro pada bank lain                         -                -           184.104                    -        184.104    Current accounts with other banks
          Penempatan pada Bank                                                                                                     Placements with Bank lndonesia
             Indonesia dan bank lain                  -         1.092.008               -                     -       1.092.008                  and other banks
          Tagihan derivatif                           -                 -              11                     -              11              Derivative receivables
          Efek-efek yang dibeli dengan                                                                                                  Securities purchased under
             janji dijual kembali                   -           2.977.202                -                    -       2.977.202             agreements to resell
          Kredit yang diberikan             5.884.315                                                    72.109       5.956.424                                Loans
          Efek-efek                                              389.952                 -                              389.952                            Securities
          Aset lain-lain*)                    183.672                  -            55.944                8.361         247.977                      Other assets*)
          Komitmen dan kontinjensi                                                                                                 Commitments and contingencies
             dengan risiko kedit              144.982                   -                -                    -        144.982                      with credit risk

          Total                             6.212.969           5.003.082          240.059               80.470      11.536.580                                Total

          Persentase                          53,85%              43,37%            2,08%                0,70%         100,00%                           Percentage



          *)      Aset lain-lain terdiri dari tagihan atas transaksi agunan                         *)      Other assets consist of receivables from foreclosed
                  yang diambil alih, piutang bunga, setoran jaminan, dan                                    assets transactions, interest receivables, security
                  piutang lain-lain                                                                         deposits, and other receivable




                                                                              52
Page 235
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                      3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                        Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                     a.    Credit Risk (continued)

          Mengalami penurunan nilai (lanjutan)                               Impaired (continued)

          Analisa konsentrasi risiko kredit (lanjutan)                       Concentration of credit risk analysis (continued)

          Konsentrasi risiko kredit dari kredit yang                         Concentration of credit risk of loans by type of
          diberikan berdasarkan jenis kredit, valuta dan                     loans, currency and economic sector is
          sektor ekonomi diungkapkan pada Catatan 11.                        disclosed in Note 11.

          Stress Testing                                                     Stress Testing

          Stress Testing adalah metode pengukuran                            Stress Testing is a method of risk measurement
          risiko dengan memperkirakan potensi kerugian                       by estimating the potential economic loss to the
          ekonomi Bank berdasarkan kondisi pasar                             Bank under abnormal market conditions in
          abnormal untuk memastikan sensitivitas kinerja                     order to ascertain the sensitivity of the Bank’s
          Bank terhadap perubahan faktor risiko dan                          performances to changes in risk factors and to
          mengidentifikasi faktor yang mempengaruhi                          identify influencing factors that significantly
          dan berdampak pada pendapatan dan modal                            impact the Bank’s revenue and capital.
          Bank secara signifikan.

          Dalam menghadapi kondisi fluktuasi nilai tukar                     In facing with the fluctuation of rupiah exchange
          rupiah terhadap Dolar Amerika Serikat, Bank                        rate to United States Dollar, Bank has
          telah melakukan stress test terhadap nasabah                       conducted stress test to wholesale customers
          wholesale yang memiliki eksposur kredit valas                      who have foreign currency credit exposure by
          dengan melakukan beberapa skenario kurs.                           conducting several exchange rate scenarios.

          Informasi Forward Looking                                          Forward Looking Information

          Bank menggunakan model statistik untuk                             The Bank employs statistical models to
          memasukkan variabel makro-ekonomi (MEV)                            incorporate macro-economic variable (MEV) on
          pada tingkat default historis. Metodologi dan                      historical default rates. The methodologies and
          asumsi yang terlibat, termasuk prakiraan                           assumptions involved, including any forecasts
          kondisi ekonomi di masa depan, ditinjau secara                     of future economic conditions, are reviewed
          berkala.                                                           periodically.

          Pengukuran Kerugian Kredit Ekspektasian                            Measurement of Expected Credit Loss (ECL)
          (KKE)

          Input utama ke dalam pengukuran kerugian                           The key inputs into the measurement of
          kredit ekspektasian (KKE) adalah variabel-                         Expected Credit Loss (ECL) are the term
          variabel berikut:                                                  structure of the following variables:
          1) probability of default (PD);                                    1) probability of default (PD);
          2) loss given default (LGD); dan                                   2) loss given default (LGD); and
          3) exposure at default (EAD).                                      3) exposure at default (EAD).

          Parameter ini umumnya berasal dari model                           These parameters are generally derived from
          statistik yang dikembangkan secara internal                        internally developed statistical models and
          dan data historis lainnya. Parameter tersebut                      other historical data. They are adjusted to
          disesuaikan untuk mencerminkan informasi                           reflect forward-looking information as described
          forward-looking seperti yang dijelaskan di atas.                   above.




                                                             53
Page 236
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                       3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                         Management Policies (continued)

     a.   Risiko Kredit (lanjutan)                                      a.    Credit Risk (continued)

          Pengukuran Kerugian Kredit Ekspektasian                             Measurement of Expected Credit Loss (ECL)
          (KKE) (lanjutan)                                                    (continued)

          Perkiraan PD adalah perkiraan pada tanggal                          PD estimates are estimates at a certain date,
          tertentu, yang dihitung berdasarkan model                           which are calculated based on statistical rating
          peringkat    statistik  mengenai       besarnya                     models regarding the probability/likelihood that
          peluang/kemungkinan akan terjadi gagal bayar                        a default will occur within a certain time frame.
          dalam rentang waktu tertentu. Model statistik ini                   These statistical models are primarily based on
          utamanya didasarkan pada data yang                                  internally compiled data comprising both
          dikompilasi secara internal yang terdiri dari                       quantitative and qualitative factors and are
          faktor kuantitatif dan kualitatif dan dilengkapi                    supplemented by external credit assessment
          dengan data penilaian kredit eksternal jika                         data where available.
          tersedia.

          LGD adalah besarnya kemungkinan kerugian                            LGD is the magnitude of the likely loss if there
          jika terjadi gagal bayar. Bank memperkirakan                        is a default. The Bank estimates LGD
          parameter LGD berdasarkan LGD yang                                  parameters based on the the internally
          dilakukan benchmark secara internal. Model                          benchmark LGD. The LGD models consider the
          LGD mempertimbangkan nilai jaminan yang                             forecasted collateral value and recovery costs
          diperkirakan dan biaya pemulihan dari setiap                        of any collateral that is integral to the financial
          jaminan yang merupakan bagian integral dari                         asset.
          aset keuangan.

          EAD mewakili eksposur ekpektasian jika terjadi                      EAD represents the expected exposure in the
          gagal bayar. Bank memperoleh EAD dari                               event of a default. The Bank derives the EAD
          eksposur saat ini terhadap pihak lawan dan                          from the current exposure to the counterparty
          potensi perubahan pada nilai saat ini yang                          and potential changes to the current amount
          diizinkan berdasarkan kontrak termasuk                              allowed under the contract including
          amortisasi. EAD dari aset keuangan adalah nilai                     amortisation. The EAD of a financial asset is its
          tercatat bruto. Untuk komitmen kredit dan                           gross     carrying   amount.    For     lending
          financial guarantees, EAD mencakup jumlah                           commitments and financial guarantees, the
          yang ditarik, serta jumlah potensial yang dapat                     EAD includes the amount drawn, as well as
          ditarik di masa depan berdasarkan kontrak,                          potential future amounts that may be drawn
          yang diperkirakan berdasarkan pengamatan                            under the contract, which are estimated based
          historis dan perkiraan forward-looking.                             on historical observations and forward-looking
                                                                              forecasts.

          Perhitungan cadangan kerugian penurunan                             The expected credit loss (ECL) will be
          nilai akan dihitung sesuai dengan tingkat risiko                    calculated according to the respective level of
          (staging) masing-masing, yaitu dengan 12                            risk (staging), 12 months ECL for stage 1
          bulan kedepan untuk stage 1 (performing),                           (performing), and lifetime ECL for stage 2
          serta selama umur tagihan (lifetime) untuk                          (under performing) and stage 3 (non-
          stage 2 (under performing) dan stage 3 (non-                        performing).
          performing).




                                                              54
Page 237
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                        3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                          Management Policies (continued)

     b.   Risiko Pasar                                                   b.    Market Risk

          Risiko pasar adalah risiko yang timbul dari                          Market Risk is the risk arising from movement
          pergerakan variabel pasar dalam portofolio                           in market variables in portfolios held by the
          yang dimiliki oleh Bank yang dapat                                   Bank that could incur losses for the Bank
          menimbulkan kerugian bagi Bank (adverse                              (adverse movements). Market variables are
          movement). Variabel pasar didefinisikan                              defined as interest rates and exchange rates
          sebagai suku bunga dan nilai tukar termasuk                          including derivatives of these two type of risks.
          derivatif dari kedua jenis risiko ini. Tujuan dari                   The objective of market risk management is to
          manajemen risiko pasar adalah untuk                                  manage and control market risk exposures
          mengelola dan mengendalikan eksposur risiko                          within acceptable parameters, while optimizing
          pasar dalam parameter yang dapat diterima,                           the return on risk.
          dan secara bersamaan mengoptimalkan hasil
          pengembalian atas risiko yang diterima.

          ALCO Bank yang beranggotakan Direksi dan                             The Bank’s ALCO, which consists of the Board
          beberapa      anggota   manajemen    senior                          of Directors and selected members of senior
          bertanggungjawab       untuk    menetapkan                           management, is responsible for determining
          kebijakan dan strategi pengelolaan risiko                            interest rate risk management policies and
          tingkat suku bunga di banking book, serta                            strategies in banking book and monitoring its
          mengawasi penerapan dalam pelaksanaannya.                            implementation and execution. The main
          Tujuan     utama     ALCO    adalah   untuk                          objective of ALCO is to optimize the Bank’s
          mengoptimalkan hasil usaha Bank dengan                               return within predetermined risk limits.
          tetap memperhatikan limit risiko yang telah
          ditetapkan.




                                                               55
Page 238
                                                                                                                                                   The original financial statements included herein are in the Indonesian language.

                                PT BANK QNB INDONESIA TBK                                                                                                     PT BANK QNB INDONESIA TBK
                             CATATAN ATAS LAPORAN KEUANGAN                                                                                                NOTES TO THE FINANCIAL STATEMENTS
                              Tanggal 31 Desember 2024 dan untuk                                                                                               As of December 31, 2024 and
                           Tahun yang Berakhir pada Tanggal Tersebut                                                                                             for the Year Then Ended
                                (Disajikan dalam jutaan Rupiah,                                                                                              (Expressed in millions of Rupiah,
                                    kecuali dinyatakan lain)                                                                                                     unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan Manajemen Modal (lanjutan)                                                       3.    Financial Risk Management and Capital Management Policies (continued)

     b.   Risiko Pasar (lanjutan)                                                                                                    b.     Market Risk (continued)

          Risiko tingkat suku bunga                                                                                                         Interest rate risk

          Kegiatan usaha Bank dipengaruhi oleh risiko fluktuasi suku bunga terhadap aset                                                   The Bank’s operations are subject to the risk of interest rate fluctuations to
          berbunga dan liabilitas berbunga (bukan untuk tujuan diperdagangkan) yang memiliki                                               the extent that interest-earning assets and interest-bearing liabilities (not for
          jatuh tempo pada saat yang berbeda-beda atau dalam jumlah yang beragam.                                                          trading purpose) mature at different times or in different amounts.

          Tabel di bawah ini menyajikan aset berbunga dan liabilitas berbunga (bukan untuk                                                 The table below summarizes the Bank’s interest-earning assets and
          tujuan diperdagangkan) Bank pada nilai tercatat, yang dikategorikan menurut sisa                                                 interest-bearing liabilities (not for trading purpose) at carrying amounts,
          jangka waktu sampai dengan tanggal jatuh tempo kontraktual:                                                                      categorized by remaining period to contractual maturity dates:
                                                                                                               2024

                                                                              Suku bunga mengambang/                                                       Suku bunga tetap/
                                                                                Floating interest rate                                                     Fixed interest rate
                                                Nilai
                                              tercatat/                        >3-12             >1-2                                                    >3-12               >1-2
                                              Carrying       < 3 bulan/       bulan/           tahun/        > 2 tahun/            < 3 bulan/           bulan/             tahun/          > 2 tahun/
                                              amount          months          months            years          years                months              months              years            years

               Penempatan pada                                                                                                                                                                                          Placements with
                  Bank Indonesia                                                                                                                                                                                    Bank Indonesia and
                  dan bank lain                 1.336.301               -               -               -               -             1.014.401            321.900                     -              -                    other banks
               Kredit yang diberikan - neto     7.965.727         765.798       4.537.039          99.517         592.513                 1.105            177.444               216.150      1.576.161                      Loans - net
               Efek-efek - neto                 2.160.025               -         139.919               -               -             1.031.818            988.288                                    -                   Securities - net

                                               11.462.053         765.798       4.676.958          99.517         592.513             2.047.324           1.487.632              216.150      1.576.161

               Simpanan dari nasabah            7.341.878       1.993.696               -                -                -           5.052.033            296.149                     -                -         Deposits from customers
               Simpanan dari bank lain            322.491               -               -                -                -             322.491                  -                     -                -              Deposits from other
               Efek-efek yang dijual dengan                                                                                                                                                                          Securities sold under
                  janji dibeli kembali              95.873                -             -                -                -               95.873                  -                    -                -        repurchase agreements

                                                7.760.242       1.993.696               -                -                -           5.470.397            296.149                     -                -

               Neto                             3.701.811      (1.227.898)      4.676.958          99.517         592.513            (3.423.073)          1.191.483              216.150      1.576.161                               Net




                                                                                                             56
Page 239
                                                                                                                                                  The original financial statements included herein are in the Indonesian language.

                                PT BANK QNB INDONESIA TBK                                                                                                    PT BANK QNB INDONESIA TBK
                             CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE FINANCIAL STATEMENTS
                              Tanggal 31 Desember 2024 dan untuk                                                                                              As of December 31, 2024 and
                           Tahun yang Berakhir pada Tanggal Tersebut                                                                                            for the Year Then Ended
                                (Disajikan dalam jutaan Rupiah,                                                                                             (Expressed in millions of Rupiah,
                                    kecuali dinyatakan lain)                                                                                                    unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan Manajemen Modal (lanjutan)                                                       3.    Financial Risk Management and Capital Management Policies (continued)

     b.   Risiko Pasar (lanjutan)                                                                                                    b.     Market Risk (continued)

          Risiko tingkat suku bunga (lanjutan)                                                                                              Interest rate risk (continued)

          Tabel di bawah ini menyajikan aset berbunga dan liabilitas berbunga (bukan untuk                                                 The table below summarizes the Bank’s interest-earning assets and
          tujuan diperdagangkan) Bank pada nilai tercatat, yang dikategorikan menurut sisa                                                 interest-bearing liabilities (not for trading purpose) at carrying amounts,
          jangka waktu sampai dengan tanggal jatuh tempo kontraktual: (lanjutan)                                                           categorized by remaining period to contractual maturity dates: (continued)
                                                                                                               2023

                                                                              Suku bunga mengambang/                                                      Suku bunga tetap/
                                                                                Floating interest rate                                                    Fixed interest rate
                                                Nilai
                                              tercatat/                        >3-12             >1-2                                                   >3-12               >1-2
                                              Carrying       < 3 bulan/       bulan/           tahun/        > 2 tahun/            < 3 bulan/          bulan/             tahun/          > 2 tahun/
                                              amount          months          months            years          years                months             months              years            years

               Penempatan pada                                                                                                                                                                                         Placements with
                  Bank Indonesia                                                                                                                                                                                   Bank Indonesia and
                  dan bank lain                 1.092.008                 -             -                -                -           1.092.008                  -                    -                -                  other banks
               Efek-efek yang dibeli
                  dengan janji dijual                                                                                                                                                                               Securities purchased
                  kembali                       2.977.202               -               -               -               -             1.713.944          1.263.258                    -              -       under agreements to resell
               Kredit yang diberikan - neto     5.449.285         680.139       2.022.823         288.429         490.664                 4.957            116.922              128.677      1.716.674                        Loans - net
               Efek-efek - neto                   389.952               -               -               -               -                     -            250.030              139.922              -                   Securities - net

                                                9.908.447         680.139       2.022.823         288.429         490.664             2.810.909          1.630.210              268.599      1.716.674

               Simpanan dari nasabah            6.339.203       1.210.798               -                -                -           4.591.440           536.965                     -                -        Deposits from customers
               Simpanan dari                                                                                                                                                                                        Deposits from other
                  bank lain                          1.832                -             -                -                -               1.832                  -                    -                -
               Efek-efek yang dijual dengan                                                                                                                                                                         Securities sold under
                  janji dibeli kembali            385.051                 -             -                -                -             385.051                  -                    -                -        repurchase agreements

                                                6.726.086       1.210.798               -                -                -           4.978.323           536.965                     -                -

               Neto                             3.182.361        (530.659)      2.022.823         288.429         490.664            (2.167.414)         1.093.245              268.599      1.716.674                               Net




                                                                                                             57
Page 240
                                                                                                The original financial statements included herein are in
                                                                                                                              the Indonesian language.

           PT BANK QNB INDONESIA TBK                                                           PT BANK QNB INDONESIA TBK
        CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan untuk                                                     As of December 31, 2024 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                           unless otherwise stated)


3.    Kebijakan Manajemen Risiko Keuangan dan                                      3.     Financial Risk Management and                                   Capital
      Manajemen Modal (lanjutan)                                                          Management Policies (continued)

      b.     Risiko Pasar (lanjutan)                                                      b.        Market Risk (continued)

             Risiko tingkat suku bunga (lanjutan)                                                   Interest rate risk (continued)

             Secara keseluruhan, Bank memiliki aset yang                                            In general, the Bank have interest-earning
             sebagian besar suku bunganya dapat                                                     assets that mostly can be adjusted anytime.
             disesuaikan sewaktu-waktu. Kondisi ini                                                 Therefore, interest rate risk in the banking book
             menyebabkan risiko suku bunga dalam                                                    is relatively low as the asset can be repriced a
             banking book relatif rendah karena aset dapat                                          head from liabilities.
             dilakukan penyesuaian lebih dulu dibandingkan
             kewajiban.

             Tabel di bawah ini mengikhtisarkan kisaran                                             The tables below summarize the range of
             suku bunga kontraktual dan suku bunga efektif                                          contractual interest rates and weighted average
             rata-rata tertimbang setahun pada tanggal                                              effective interest rates per annum as of
             31 Desember 2024 dan 2023 untuk masing-                                                December 31, 2024 and 2023 for each financial
             masing instrumen keuangan:                                                             instrument:
                                                           2024                                     2023

                                           Suku bunga           Rata-rata suku      Suku bunga              Rata-rata suku
                                           kontraktual/         bunga efektif/      kontraktual/            bunga efektif/
                                           Contractual        Average effective     Contractual            Average effective
                                          interest rates        interest rates     interest rates            interest rates

     Aset                                                                                                                                                  Assets
     Rupiah:                                                                                                                                               Rupiah:
     Penempatan pada Bank Indonesia                                                                                               Placements with Bank Indonesia
        dan bank lain                               5,25%                 2,38%                5,25%                  1,48%                     and other banks
     Efek-efek yang dibeli dengan janji                                                                                                Securities purchased under
        dijual kembali                                   -                7,61%      6,30% - 6,70%                    6,16%                agreements to resell
     Kredit yang diberikan                 1,10% - 35,40%                 7,27%     2,00% - 35,40%                    9,13%                                 Loans
     Efek-efek                                                                                                                                          Securities
        Obligasi pemerintah                         6,04%                 7,06%       6,04%-8,38%                     7,40%                 Government bonds
        Sekuritas Rupiah Bank Indonesia     6,80% - 7,38%                 6,71%                  -                         -   Bank Indonesia Rupiah Securities

     Valuta asing:                                                                                                                             Foreign currencies:
     Penempatan pada Bank Indonesia                                                                                                Placements with Bank Indonesia
        dan bank lain                               4,53%                 5,11%              5,34%                    4,97%                    and other banks
     Kredit yang diberikan                  2,54% - 7,66%                 6,66%      2,54% - 8,02%                    7,19%                                 Loans
     Efek-efek                                                                                                                                          Securities
        Wesel SKBDN                                      -                     -                     -                7,82%                         SKBDN bills
        Sekuritas Valas Bank Indonesia              4,95%                 4,65%                      -                     -   Bank Indonesia Foreign Securities

     Liabilitas                                                                                                                                          Liabilities
     Rupiah:                                                                                                                                                Rupiah:
     Simpanan dari nasabah                                                                                                                Deposits from customers
         Giro                               0,00% - 5,25%                 1,32%      0,00% - 3,75%                    1,35%                    Demand deposits
         Tabungan                           0,00% - 5,50%                 1,55%      0,00% - 5,00%                    1,77%                     Saving deposits
         Deposito berjangka dan                                                                                                              Time deposits and
             deposito on call               0,50% - 7,00%                 4,72%      2,00% - 6,50%                    5,27%                  on all deposits
     Simpanan dari bank lain                                                                                                            Deposits from other banks
         Giro                                       0,00%                 0,00%                      -                0,36%                    Demand deposits
     Interbank call money                                -                8,82%                      -                     -                  Interbank call money
     Efek-efek yang dijual dengan                                                                                                             Securities sold under
         janji dibeli kembali                       6,25%                 4,86%                6,70%                  3,92%             repurchase agreements
     Pinjaman yang diterima                              -                     -                    -                 8,72%                             Borrowings

     Valuta asing:                                                                                                                              Foreign currencies:
     Simpanan dari nasabah                                                                                                                Deposits from customers
        Giro                                0,00% - 5,35%                 1,03%      0,00% - 1,25%                    0,15%                    Demand deposits
        Deposito berjangka dan                                                                                                                Time deposits and
            deposito on call                0,00% - 6,15%                 5,24%      0,00% - 6,05%                    4,09%                      on call deposits
     Simpanan dari bank lain                                                                                                             Deposits from other banks
        Giro                                        0,00%                 0,01%                0,10%                  0,13%                    Demand deposits
        Interbank call money                        4,80%                 2,49%                     -                 2,59%                Interbank call money




                                                                             58
Page 241
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                        3.   Financial Risk Management and                       Capital
     Manajemen Modal (lanjutan)                                          Management Policies (continued)

     b.   Risiko Pasar (lanjutan)                                        b.    Market Risk (continued)

          Risiko tingkat suku bunga (lanjutan)                                 Interest rate risk (continued)

          Analisa sensitivitas atas risiko tingkat suku                        Sensitivity analysis on interest rate
          bunga

          Pengelolaan risiko tingkat suku bunga                                The management of interest rate risk is
          dilengkapi     dengan       pemantauan   atas                        supplemented by monitoring the sensitivity of
          sensitivitas terhadap aset dan liabilitas                            the Bank’s financial assets and liabilities which
          keuangan Bank yang memiliki tingkat suku                             have floating and fixed interest rate to various
          bunga mengambang dan tetap terhadap                                  interest rate scenarios. Standard scenarios that
          berbagai skenario suku bunga. Skenario                               are considered on a quarterly basis include a
          standar     yang     dipertimbangkan   secara                        100 basis point (bp) parallel fall or rise in all yield
          triwulanan meliputi penurunan atau kenaikan                          curves. An analysis of the Bank’s sensitivity to
          yield curve secara paralel sebesar 100 basis                         increase or decrease in market interest rates,
          poin (bp). Analisa sensitivitas Bank atas                            assuming no asymmetrical movement in yield
          kenaikan atau penurunan tingkat suku bunga                           curves and a constant financial position, is as
          pasar, dengan asumsi tidak terdapat                                  follows (unaudited):
          perubahan asimetris pada kurva imbal hasil
          dan posisi keuangan yang konstan, adalah
          sebagai berikut (tidak diaudit):

                                                 100 bp             100 bp
                                            kenaikan/increase penurunan/decrease
               Kenaikan (penurunan)
                 pada bunga - neto                                                               Increase (decrease) in net interest
                 Tahun yang berakhir pada                                                                    For the year ended
                   tanggal 31 Desember 2024              41.987                (41.987)                     December 31, 2024
                 Tahun yang berakhir pada                                                                    For the year ended
                   tanggal 31 Desember 2023              41.721                (41.721)                     December 31, 2023

     c.   Risiko Likuiditas                                              c.    Liquidity Risk

          Pengelolaan likuiditas Bank ditekankan pada                          The focus of the Bank’s liquidity management
          penyesuaian arus kas masuk dan keluar.                               is to match the cash inflows and cash outflows.
          Kesenjangan arus kas diantisipasi melalui                            The gap between cash flows will be anticipated
          pemeliharaan cadangan likuiditas primer yang                         with the proper maintenance of primary liquidity
          memadai sesuai dengan perkiraan arus kas                             reserve in accordance with proforma cash flows
          dan struktur liabilitas yang ada. Pemeliharaan                       and existing liabilities structure. Maintenance of
          cadangan        likuiditas    primer      meliputi                   primary     liquidity     reserve    consists   of
          pemeliharaan cadangan wajib pada tingkat                             maintenance of reserve requirement that
          yang optimal yang ditetapkan OJK serta                               should be in optimal level based on OJK
          pemeliharaan efek-efek berjangka pendek yang                         regulation and short-term highly liquid
          sangat likuid seperti Sertifikat Bank Indonesia                      securities, such as Certificates of Bank
          dan instrumen operasi moneter Bank Indonesia                         Indonesia and other Bank Indonesia monetary
          lainnya. Bank juga memelihara cadangan                               operation instruments. The Bank also maintains
          likuiditas sekunder yang terdiri dari penempatan                     secondary liquidity reserve, which consists of
          dana jangka pendek di Bank Indonesia serta                           short-term placements with Bank Indonesia and
          efek-efek berjangka panjang yang likuid seperti                      liquid long-term securities such as government
          obligasi pemerintah. Pengelolaan likuiditas juga                     bonds. Liquidity management is also conducted
          dilakukan melalui pengelolaan struktur sumber                        through financial resources structure, such as
          dana dengan menerapkan limit konsentrasi                             by applying the depositor concentration limit
          deposan       dan       berusaha      mengurangi                     and trying to reduce the dependence on high
          ketergantungannya pada dana mahal seperti                            cost fund such as time deposits and replace it
          deposito berjangka dan menggantinya dengan                           with lower cost fund such as demand deposits
          sumber dana murah seperti giro dan tabungan.                         and saving deposits.


                                                               59
Page 242
                                                                                                      The original financial statements included herein are in
                                                                                                                                    the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                                      PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                                As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                      unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                             3.      Financial Risk Management and                                     Capital
     Manajemen Modal (lanjutan)                                                                  Management Policies (continued)

     c.   Risiko Likuiditas (lanjutan)                                                           c.     Liquidity Risk (continued)

          Bank       juga     senantiasa  memelihara                                                    The Bank also maintains its ability to access
          kemampuannya untuk memiliki akses ke pasar                                                    money market by maintaining relationship with
          uang dengan selalu memelihara hubungan                                                        correspondent banks. The Bank also regularly
          dengan bank-bank koresponden. Bank juga                                                       monitors all situations above and takes some
          secara berkala memonitor seluruh keadaan di                                                   actions to achieve funding diversifications.
          atas dan mengambil tindakan agar terdapat
          diversifikasi pendanaan.

          Tabel di bawah ini menunjukkan sisa jatuh                                                     The table below shows the remaining
          tempo kontraktual dari liabilitas keuangan                                                    contractual maturities of financial liabilities
          berdasarkan pada arus kas yang tidak                                                          based on undiscounted cash flow as of
          didiskontokan pada tanggal 31 Desember 2024                                                   December 31, 2024 and 2023:
          dan 2023:
                                                                                  2024

                                                          Nilai nominal
                                                         bruto arus kas
                                                              masuk
                                     Nilai tercatat/     (keluar)/Gross      Kurang dari 1
                                       Carrying         nominal inflow      bulan/Less than            1 - 3 bulan/       > 3 -12 bulan/
                                        amount              (outflow)           1 month                  months              months

          Liabilitas non-derivatif                                                                                                               Non-derivative liabilities
          Liabilitas segera                  (21.022)            (21.022)            (21.022)                         -                    - Liabilities payable on demand
          Beban masih harus dibayar
            dan liabilitas lain-lain       (221.201)            (221.201)           (221.201)                        -                  -      Accruals and other liabilities
          Simpanan dari nasabah          (7.341.878)          (7.406.036)         (5.244.410)               (1.854.531)          (307.095)        Deposits from customers
          Simpanan dari bank lain          (322.491)            (322.491)           (322.491)                        -                  -      Deposits from other banks
          Efek-efek yang dijual dengan                                                                                                               Securities sold under
            janji dibeli kembali             (95.873)            (95.990)            (95.990)                         -                    -     repurchase agreements

                                         (8.002.465)          (8.066.740)         (5.905.114)               (1.854.531)          (307.095)


          Liabilitas derivatif                                                                                                                        Derivative liabilities
          Diperdagangkan:                     (7.775)             (7.775)                     (58)              (7.586)              (131)                         Trading:

                                              (7.775)             (7.775)                     (58)              (7.586)              (131)

          Total                          (8.010.240)          (8.074.515)         (5.905.172)               (1.862.117)          (307.226)                             Total



                                                                                  2023

                                                          Nilai nominal
                                                         bruto arus kas
                                                              masuk
                                     Nilai tercatat/     (keluar)/Gross      Kurang dari 1
                                       Carrying         nominal inflow      bulan/Less than            1 - 3 bulan/       > 3 -12 bulan/
                                        amount              (outflow)           1 month                  months              months

          Liabilitas non-derivatif                                                                                                               Non-derivative liabilities
          Liabilitas segera                  (12.555)            (12.555)            (12.555)                         -                    - Liabilities payable on demand
          Beban masih harus dibayar
            dan liabilitas lain-lain       (232.552)            (232.552)           (232.552)                        -                  -      Accruals and other liabilities
          Simpanan dari nasabah          (6.339.203)          (6.415.294)         (4.234.466)               (1.623.974)          (556.854)        Deposits from customers
          Simpanan dari bank lain            (1.832)              (1.832)             (1.832)                        -                  -       Deposits from other banks
          Efek-efek yang dijual dengan                                                                                                               Securities sold under
            janji dibeli kembali           (385.051)            (386.565)           (386.565)                         -                    -     repurchase agreements

                                         (6.971.193)          (7.048.798)         (4.867.970)               (1.623.974)          (556.854)


          Liabilitas derivatif                                                                                                                        Derivative liabilities
          Diperdagangkan:                     (1.838)             (1.838)                (1.838)                      -                    -                       Trading:

                                              (1.838)             (1.838)                (1.838)                      -                    -

          Total                          (6.973.031)          (7.050.636)         (4.869.808)               (1.623.974)          (556.854)                             Total




                                                                             60
Page 243
                                                                                                            The original financial statements included herein are in
                                                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                                        PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                                  As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                        unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                                     3.   Financial Risk Management and                                      Capital
     Manajemen Modal (lanjutan)                                                                       Management Policies (continued)

     c.    Risiko Likuiditas (lanjutan)                                                               c.      Liquidity Risk (continued)

           Tabel di atas menyajikan arus kas yang tidak                                                       The above table shows the undiscounted cash
           didiskontokan dari liabilitas keuangan Bank                                                        flows on the Bank’s financial liabilities on the
           berdasarkan periode jatuh tempo kontraktual                                                        basis of their earliest possible contractual
           yang paling dekat. Arus kas atas instrumen                                                         maturity. The Bank’s expected cash flows on
           keuangan yang diharapkan Bank bervariasi                                                           these instruments vary significantly from this
           secara signifikan dari analisa ini. Sebagai                                                        analysis. For example, deposits from
           contoh, simpanan dari nasabah diharapkan                                                           customers are expected to maintain a stable or
           memiliki saldo yang stabil atau meningkat.                                                         increasing balance.

           Nilai nominal arus kas masuk (keluar) yang                                                         The nominal inflow (outflow) disclosed in the
           diungkapkan pada tabel di atas menyajikan                                                          above table represents the contractual
           arus kas kontraktual yang tidak didiskontokan                                                      undiscounted cash flows relating to the
           terkait dengan nilai pokok dan bunga dari                                                          principal and interest on the financial liability.
           liabilitas keuangan.

           Analisa jatuh             tempo       aset         dan     liabilitas                              Maturity gap analysis of financial assets and
           keuangan                                                                                           liabilities

           Tabel di bawah menganalisa nilai tercatat aset                                                     The table below analysis the carrying amount of
           dan liabilitas keuangan Bank ke dalam                                                              financial assets and liabilities of the Bank into
           kelompok jatuh tempo berdasarkan sisa jangka                                                       maturity time bands based on remaining period
           waktu sampai dengan tanggal jatuh tempo                                                            to contractual maturity dates as of
           kontraktual pada tanggal 31 Desember 2024                                                          December 31, 2024 and 2023:
           dan 2023:
                                                                                      2024

                                                   Tanpa
                                                  tanggal
                                               jatuh tempo
                                               kontraktual/
                                                 Without a
                             Nilai tercatat/    contractual                                           > 3 – 12           >1-2
                               Carrying          maturity         < 1 bulan/       1 -3 bulan/         bulan/            tahun/       > 2 tahun/
                                amount              date            month           months            months             years          years

     Kas                             36.917           36.917                   -                 -                 -              -                -                        Cash
     Giro pada Bank                                                                                                                                         Current accounts with
        Indonesia                   410.213         410.213                    -                 -                 -              -                -           Bank Indonesia
     Giro pada bank lain                                                                                                                                    Current accounts with
        - neto                       38.811           38.811                   -                 -                 -              -                -         other banks - net
     Penempatan pada                                                                                                                                             Placements with
        Indonesia dan                                                                                                                                      Bank Indonesia and
        bank lain                 1.336.301                   -     1.014.401                 -            321.900                -                -               other banks
     Tagihan derivatif                3.269                   -         3.028                67                174                -                -       Derivative receivables
     Kredit yang diberikan
        - neto                    7.965.727                   -       133.923           632.980        4.714.483            315.668     2.168.673                     Loans - net
     Efek-efek                    2.160.025                   -       509.285           522.533        1.128.207                  -             -                      Securities
     Aset lain-lain*)               100.817                   -        84.752                 -            9.246                  -         6.819                  Other assets*)

     Total asel keuangan         12.052.080         485.941         1.745.389         1.155.580        6.174.010            315.668     2.175.492          Total financial assets

                                                                                                                                                               Liabilities payable
     Liabilitas segera              21.022            21.022                -                 -                  -                -                -                on demand
     Simpanan dari nasabah       7.341.878         1.993.696        3.226.504         1.825.529            296.149                -                -    Deposits from customers
     Simpanan dari bank lain       322.491               591                -                 -            321.900                -                -   Deposits from other banks
     Liabilitas derivatif            7.775                 -            7.586                58                131                -                -        Derivative payables
     Efek-efek yang dijual
        dengan janji dibeli                                                                                                                                  Securities sold under
        kembali                     95.873                    -        95.873                    -                 -              -                -      repurchase agreements
     Beban masih harus dibayar
        dan liabilitas lain-lain   221.201                    -       221.201                    -                 -              -                - Accruals and other liabilities

     Total liabilitas keuangan    8.010.240        2.015.309        3.551.164         1.825.587            618.180                -                -    Total financial liabilities

     Selisih                      4.041.840       (1.529.368)       (1.805.775)        (670.007)       5.555.830            315.668     2.175.492                      Difference



      *)   Aset lain-lain terdiri dari tagihan atas transaksi agunan yang                                     *)       Other assets consist of receivables from foreclosed
           diambil alih, piutang bunga, setoran jaminan, dan piutang                                                   assets transactions, interest receivables, security
           lain-lain.                                                                                                  deposits, and other receivables

                                                                                    61
Page 244
                                                                                                             The original financial statements included herein are in
                                                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                                         PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                                   As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                         unless otherwise stated)


3.   Kebijakan Manajemen Risiko Keuangan dan                                                      3.   Financial Risk Management and                                      Capital
     Manajemen Modal (lanjutan)                                                                        Management Policies (continued)

     c.    Risiko Likuiditas (lanjutan)                                                                c.      Liquidity Risk (continued)

           Analisa jatuh tempo                    aset         dan     liabilitas                              Maturity gap analysis of financial assets and
           keuangan (lanjutan)                                                                                 liabilities (continued)

           Tabel di bawah menganalisa nilai tercatat aset                                                      The table below analysis the carrying amount of
           dan liabilitas keuangan Bank ke dalam                                                               financial assets and liabilities of the Bank into
           kelompok jatuh tempo berdasarkan sisa jangka                                                        maturity time bands based on remaining period
           waktu sampai dengan tanggal jatuh tempo                                                             to contractual maturity dates as of December
           kontraktual pada tanggal 31 Desember 2024                                                           31, 2024 and 2023: (continued)
           dan 2023: (lanjutan)
                                                                                       2023

                                                    Tanpa
                                                   tanggal
                                                jatuh tempo
                                                kontraktual/
                                                  Without a
                              Nilai tercatat/    contractual                                           > 3 – 12           >1-2
                                Carrying          maturity         < 1 bulan/       1 -3 bulan/         bulan/            tahun/       > 2 tahun/
                                 amount              date            month           months            months             years          years

     Kas                              24.445           24.445                   -                 -                 -              -                -                        Cash
     Giro pada Bank                                                                                                                                          Current accounts with
        Indonesia                    543.920         543.920                    -                 -                 -              -                -           Bank Indonesia
     Giro pada bank lain                                                                                                                                     Current accounts with
        - neto                       184.089         184.089                    -                 -                 -              -                -         other banks - net
     Penempatan pada                                                                                                                                              Placements with
        Indonesia dan                                                                                                                                       Bank Indonesia and
        bank lain                  1.092.008                   -     1.092.008                    -                 -              -                -               other banks
     Efek-efek yang dibeli
        dengan janji dijual                                                                                                                                  Securities purchased
        kembali                    2.977.202                   -       695.797         1.018.147        1.263.258                  -                -      agreements to resell
     Tagihan derivatif                    11                   -            11                 -                -                  -                -       Derivative receivables
     Kredit yang diberikan
        - neto                     5.449.285                   -       296.254           388.842        2.139.745            417.106     2.207.338                     Loans - net
     Efek-efek                       389.952                   -             -                 -          250.030            139.922             -                      Securities
     Aset lain-lain*)                247.977                   -       185.215                 -           55.944                  -         6.818                  Other assets*)

     Total asel keuangan          10.908.889         752.454         2.269.285         1.406.989        3.708.977            557.028     2.214.156          Total financial assets

                                                                                                                                                                Liabilities payable
     Liabilitas segera              12.555             12.555                -                 -                  -                -                -                on demand
     Simpanan dari nasabah       6.339.203          1.210.798        2.996.450         1.594.990            536.965                                      Deposits from customers
     Simpanan dari bank lain         1.832              1.832                -                 -                  -                -                -   Deposits from other banks
     Liabilitas derivatif            1.838                  -            1.838                 -                  -                -                -        Derivative payables
     Efek-efek yang dijual
        dengan janji dibeli                                                                                                                                   Securities sold under
        kembali                    385.051                     -       385.051                    -                 -              -                -      repurchase agreements
     Beban masih harus dibayar
        dan liabilitas lain-lain   232.552                     -       232.552                    -                 -              -                - Accruals and other liabilities

     Total liabilitas keuangan     6.973.031        1.225.185        3.615.891         1.594.990            536.965                -                -    Total financial liabilities

     Selisih                       3.935.858         (472.731)       (1.346.606)        (188.001)       3.172.012            557.028     2.214.156                      Difference



      *)   Aset lain-lain terdiri dari tagihan atas transaksi agunan yang                                      *)       Other assets consist of receivables from foreclosed
           diambil alih, piutang bunga, setoran jaminan, dan piutang                                                    assets transactions, interest receivables, security
           lain-lain.                                                                                                   deposits, and other receivables




                                                                                     62
Page 245
                                                                                The original financial statements included herein are in
                                                                                                              the Indonesian language.

          PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


4.   Penggunaan Estimasi dan Pertimbangan                             4.   Use of Estimates and Judgments

     Pengungkapan ini merupakan tambahan atas                              These disclosures supplement the commentary on
     pembahasan tentang manajemen risiko keuangan                          financial risk management (Note 3).
     (Catatan 3).

     a.   Sumber utama atas ketidakpastian estimasi                        a.    Key sources of estimation uncertainty

          (i)   Cadangan kerugian penurunan nilai atas                           (i)   Allowances for       impairment losses of
                aset keuangan                                                          financial assets

                Evaluasi atas kerugian penurunan nilai aset                            Allowances for impairment losses of
                keuangan yang dicatat pada biaya                                       financial assets accounted for at amortized
                perolehan diamortisasi dijelaskan di                                   cost are evaluated for impairment on a
                Catatan 2s.                                                            basis described in Note 2s.

                Cadangan kerugian penurunan nilai terkait                              The specific counterparty component of
                dengan pihak lawan spesifik dalam seluruh                              the total allowances for impairment applies
                cadangan kerugian penurunan nilai                                      to claims evaluated individually for
                dibentuk atas tagihan yang penurunan                                   impairment      and    is   based     upon
                nilainya dievaluasi secara individual                                  management’s best estimate of the
                berdasarkan estimasi terbaik manajemen                                 present value of the cash flows that are
                atas nilai tunai arus kas yang diharapkan                              expected to be received. In estimating
                akan diterima. Dalam mengestimasi arus                                 these cash flows, management makes
                kas      ini,    manajemen       membuat                               judgments about the counterparty’s
                pertimbangan mengenai kondisi keuangan                                 financial situation and the net realizable
                dari pihak lawan dan nilai bersih yang                                 value of any underlying collateral. Each
                dapat direalisasi dari agunan yang                                     impaired asset is assessed on its merits,
                diterima. Setiap aset yang mengalami                                   and the workout strategy and estimate of
                penurunan nilai dievaluasi, dan strategi                               cash flows considered recoverable are
                penyelesaiannya serta estimasi arus kas                                independently approved by the Credit
                yang dinilai dapat diperoleh kembali secara                            Department.
                independen disetujui oleh Departemen
                Kredit.

                Evaluasi cadangan kerugian penurunan                                   Collectively      assessed        impairment
                nilai secara kolektif meliputi kerugian kredit                         allowances cover credit losses inherent in
                yang melekat pada portofolio tagihan                                   portfolios of claims with similar economic
                dengan karakteristik ekonomi yang serupa                               characteristics when there is objective
                ketika terdapat bukti obyektif bahwa telah                             evidence to suggest that they contain
                terjadi penurunan nilai tagihan dalam                                  impaired claims, but the individual impaired
                portofolio tersebut namun penurunan nilai                              items cannot yet be identified. In assessing
                secara individu belum dapat diidentifikasi.                            the need for collective loan loss
                Dalam menentukan perlunya membentuk                                    allowances,      management         considers
                cadangan kerugian penurunan nilai kredit                               factors such as credit quality, portfolio size,
                secara          kolektif,         manajemen                            credit concentrations and economic
                mempertimbangkan faktor-faktor seperti                                 factors.
                kualitas kredit, besarnya portofolio,
                konsentrasi kredit dan faktor-faktor
                ekonomi.

                Dalam mengestimasi cadangan yang                                       In order to estimate the required
                dibutuhkan, asumsi-asumsi dibuat untuk                                 allowance, assumptions are made to
                menentukan model kerugian bawaan dan                                   define the way inherent losses are
                untuk menentukan parameter input yang                                  modeled and to determine the required
                diperlukan, berdasarkan pengalaman                                     input parameters, based on historical
                historis dan kondisi ekonomi saat ini.                                 experience   and   current  economic
                                                                                       conditions.




                                                                 63
Page 246
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


4.   Penggunaan         Estimasi     dan    Pertimbangan            4.   Use of Estimates and Judgments (continued)
     (lanjutan)

     a.   Sumber utama atas ketidakpastian estimasi                      a.    Key sources of estimation uncertainty
          (lanjutan)                                                           (continued)

          (i)   Cadangan kerugian penurunan nilai atas                         (i)   Allowances for impairment losses of
                aset keuangan (lanjutan)                                             financial assets (continued)

                Ketepatan dari cadangan ini tergantung                               The accuracy of the allowances depends
                pada seberapa tepat estimasi arus kas                                on how well the estimated future cash
                masa depan untuk menentukan cadangan                                 flows are determined for specific
                individual serta asumsi model dan                                    counterparty allowances and the model
                parameter   yang    digunakan    dalam                               assumptions and parameters used in
                menentukan cadangan kolektif.                                        determining collective allowances.

          (ii) Penentuan nilai wajar                                           (ii) Determining fair values

                Dalam menentukan nilai wajar atas aset                               The determination of fair value for financial
                dan liabilitas keuangan dimana tidak                                 assets and liabilities for which there is no
                terdapat harga pasar yang dapat                                      observable market price requires the use
                diobservasi, Bank harus menggunakan                                  of valuation techniques as described in
                teknik penilaian seperti dijelaskan pada                             Note 2f. For financial instruments that trade
                Catatan 2f. Untuk instrumen keuangan                                 infrequently and have little price
                yang jarang diperdagangkan dan tidak                                 transparency, fair value is less objective,
                memiliki harga yang transparan, nilai                                and requires varying degrees of judgment
                wajarnya menjadi kurang obyektif dan                                 depending on liquidity, concentration,
                karenanya,        membutuhkan        tingkat                         uncertainty of market factors, pricing
                pertimbangan yang beragam, tergantung                                assumptions and other risks affecting the
                pada likuiditas, konsentrasi, ketidakpastian                         specific instrument.
                faktor pasar, asumsi penentuan harga dan
                risiko lainnya      yang mempengaruhi
                instrumen tertentu.

          (iii) Liabilitas imbalan kerja                                       (iii) Obligation for employment benefits

                Penentuan liabilitas imbalan kerja Bank                              The determination of the Bank’s obligation
                bergantung pada pemilihan asumsi yang                                for employment benefits is dependent on
                digunakan oleh aktuaris independen dalam                             its selection of certain assumptions used
                menghitung      jumlah-jumlah   tersebut.                            by the independent actuaries in calculating
                Asumsi tersebut termasuk antara lain,                                such accounts. Those assumptions include
                tingkat diskonto, tingkat kenaikan gaji                              among others, discount rates, annual
                tahunan,    tingkat   pengunduran     diri                           salary increase rate, annual employee
                karyawan tahunan, tingkat kecacatan,                                 turn-over rate, disability rate, retirement
                umur pensiun dan tingkat kematian.                                   age and mortality rate.

          (iv) Pengakuan aset pajak tangguhan                                  (iv) Recognition of deferred tax assets

                Aset pajak tangguhan diakui atas seluruh                             Deferred tax assets are recognized for all
                rugi fiskal yang belum digunakan                                     unused tax losses to the extent that it is
                sepanjang besar kemungkinannya bahwa                                 probable that taxable profit will be available
                penghasilan kena pajak akan tersedia                                 against which the losses can be utilized.
                sehingga rugi fiskal tersebut dapat                                  Significant management estimates are
                digunakan. Estimasi signifikan digunakan                             required to determine the amount of
                oleh manajemen dalam menentukan                                      deferred tax assets that can be recognized,
                jumlah aset pajak tangguhan yang dapat                               based upon the likely timing and the level
                diakui, berdasarkan saat penggunaan dan                              of future taxable profits together with future
                tingkat penghasilan kena pajak dan strategi                          tax planning strategies.
                perencanaan pajak masa depan.



                                                               64
Page 247
                                                                           The original financial statements included herein are in
                                                                                                         the Indonesian language.

          PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


4.   Penggunaan        Estimasi      dan   Pertimbangan          4.   Use of Estimates and Judgments (continued)
     (lanjutan)

     a.   Sumber utama atas ketidakpastian estimasi                   a.    Key sources of estimation uncertainty
          (lanjutan)                                                        (continued)

          (iv) Pengakuan      aset    pajak     tangguhan                   (iv) Recognition       of   deferred     tax   assets
               (lanjutan)                                                        (continued)

                Bank menelaah aset pajak tangguhan                                The Bank review their deferred tax assets
                pada setiap tanggal laporan posisi                                at each statement of financial position date
                keuangan dan mengurangi jumlah tercatat                           and reduce the carrying amount to the
                dalam hal tidak adanya lagi kemungkinan                           extent that it is no longer probable that
                bahwa penghasilan kena pajak yang cukup                           sufficient taxable income will be available
                akan tersedia untuk mengkompensasi                                to allow all or part of the deferred tax assets
                sebagian atau seluruh aset pajak                                  to be utilized.
                tangguhan.

          (v) Provisi perpajakan                                            (v) Provision for taxes

                Bank menentukan provisi perpajakan                                The Bank provides for tax provision based
                berdasarkan estimasi atas kemungkinan                             on estimates whether the additional taxes
                adanya tambahan beban pajak. Jika hasil                           will be due. Where the final tax outcome of
                akhir dari hal ini berbeda dengan jumlah                          these matters is different from the amounts
                yang dicatat semula, maka perbedaan                               that were initially recorded, such
                tersebut akan berdampak terhadap                                  differences will impact the profit/loss.
                laba/rugi.

     b.   Pertimbangan akuntansi yang material                        b.    Material accounting judgments in applying
          dalam menerapkan kebijakan akuntansi                              the Bank’s accounting policies
          Bank

          (i)   Nilai wajar dari instrumen keuangan                         (i)   Fair value of financial instrument

                Kebijakan   akuntansi Bank   untuk                                The Bank’s accounting policy on fair value
                pengukuran nilai wajar dibahas di                                 measurements is discussed in Note 2f.
                Catatan 2f.

                Informasi mengenai penentuan nilai wajar                          Information about the determination of fair
                dari instrumen keuangan diungkapkan                               value of financial instruments is disclosed
                pada Catatan 34.                                                  in Note 34.

          (ii) Klasifikasi aset dan liabilitas keuangan                     (ii) Financial asset and liability classification

                Kebijakan akuntansi Bank memberikan                               The Bank’s accounting policies provide
                keleluasaan untuk menetapkan aset dan                             scope for financial assets and liabilities to
                liabilitas keuangan ke dalam berbagai                             be designated on inception into different
                kategori pada saat pengakuan awal sesuai                          accounting     categories    in      certain
                dengan standar akuntansi yang berlaku                             circumstances.
                berdasarkan kondisi tertentu.




                                                            65
Page 248
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

          PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


5. Kas                                                            5. Cash

                                              2024                2023

     Rupiah                                      27.096                 19.405                                            Rupiah
     Valuta asing                                                                                             Foreign currencies
      Dolar Amerika Serikat                          8.232               3.732                             United States Dollar
      Dolar Singapura                                1.589               1.308                                Singapore Dollar

     Total                                       36.917                 24.445                                              Total


     Pada tanggal 31 Desember 2024 dan 2023, saldo                      As of December 31, 2024 and 2023, total cash in
     kas dalam mata uang Rupiah termasuk jumlah kas                     Rupiah includes cash amount in ATMs of Rp1,183
     pada ATM masing-masing sebesar Rp1.183 dan                         and Rp1,278, respectively.
     Rp1.278.

     Pada tanggal 31 Desember 2024 dan 2023,                            As of December 31, 2024 and 2023, management
     manajemen berkeyakinan bahwa seluruh saldo kas                     believes that all cash can be used and there are no
     dapat digunakan dan tidak terdapat saldo kas yang                  cash balance pledged as collateral.
     dijaminkan.

6. Giro pada Bank Indonesia                                       6. Current Accounts with Bank Indonesia

                                              2024                2023

     Rupiah                                     289.500                448.459                                           Rupiah
     Dolar Amerika Serikat                      120.713                 95.461                               United States Dollar

     Total                                      410.213                543.920                                              Total


     Pada tanggal 31 Desember 2024 dan 2023, tidak                       As of December 31, 2024 and 2023, there are no
     ada giro pada Bank Indonesia yang dijadikan                         current accounts with Bank Indonesia pledged as
     jaminan.                                                            collateral.

     Informasi mengenai suku bunga penempatan pada                       Information in respect of interest rate of placements
     Bank Indonesia diungkapkan pada Catatan 3b.                         with Bank Indonesia is disclosed in Note 3b.

     Giro Wajib Minimum (GWM) Bank sesuai dengan                         Minimum Statuory Reserves (GWM) in accordance
     Peraturan Bank Indonesia (PBI) dan Peraturan                        with Bank Indonesia Regulation (PBI) and
     Anggota Dewan Gubernur (PADG) diungkapkan                           Regulation of the Members of The Board of
     pada Catatan 45.                                                    Governance (PADG) are disclosed in Note 45.

7.   Giro pada Bank Lain                                          7.     Current Accounts with Other Banks

                                              2024                2023

     Rupiah                                                                                                            Rupiah
       Pihak ketiga:                                                                                         Third parties:
          PT Bank Permata Tbk                    10.959                 10.984                   PT Bank Permata Tbk
          PT Bank CIMB Niaga Tbk                  1.961                  3.454                PT Bank CIMB Niaga Tbk
          PT Bank Central Asia Tbk                  629                  7.624                PT Bank Central Asia Tbk
          PT Bank Mandiri (Persero) Tbk              40                    330           PT Bank Mandiri (Persero) Tbk
          Standard Chartered Bank - Jakarta          25                     25        Standard Chartered Bank - Jakarta

        Total - Rupiah                           13.614                 22.417                                  Total - Rupiah


     Valuta asing                                                                                           Foreign currencies
        Pihak berelasi:                                                                                      Related parties:
           Qatar National Bank (Q.P.S.C.)                                                 Qatar National Bank (Q.P.S.C.)
              (Catatan 35)                            316                 282                              (Note 35)




                                                             66
Page 249
                                                                                  The original financial statements included herein are in
                                                                                                                the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                          As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                unless otherwise stated)


7.   Giro pada Bank Lain (lanjutan)                                     7.     Current Accounts with Other Banks (continued)

                                                     2024               2023

     Valuta asing (lanjutan)                                                                           Foreign currencies (continued)
        Pihak ketiga:                                                                                                 Third parties:
           Standard Chartered Bank - New York           11.809                77.218        Standard Chartered Bank - New York
           JP Morgan Chase Bank - New York               5.857                13.315         JP Morgan Chase Bank - New York
           Bank Mizuho Ltd., Tokyo                       1.854                31.723                   Bank Mizuho Ltd., Tokyo
           PT Bank Mandiri (Persero) Tbk                 1.257                 4.326              PT Bank Mandiri (Persero) Tbk
           JP Morgan Chase Bank - Frankfurt              1.222                14.679          JP Morgan Chase Bank - Frankfurt
           United Overseas Bank Ltd.,                                                                United Overseas Bank Ltd.,
              Singapura                                     762                9.143                             Singapore
           JP Morgan Chase Bank - London                    716                   83            JP Morgan Chase Bank - London
           ANZ Banking Group Ltd., Australia                585                5.165           ANZ Banking Group Ltd., Australia
           PT Bank Central Asia Tbk                         478                1.298                  PT Bank Central Asia Tbk
           PT Bank ICBC Indonesia                           152                  150                   PT Bank ICBC Indonesia
           United Overseas Bank Ltd.,                                                                United Overseas Bank Ltd.,
              Hong Kong                                      88                 105                             Hong Kong
           Standard Chartered Bank -                                                                 Standard Chartered Bank -
              Singapura                                      81                2.311                             Singapore
           Standard Chartered Bank - London                  27                1.889          Standard Chartered Bank - London

     Total - valuta asing                               25.204               161.687                         Total - foreign currencies

     Total                                              38.818               184.104                                             Total

     Cadangan kerugian penurunan nilai                       (7)                 (15)               Allowance for impairment losses

     Neto                                               38.811               184.089                                               Net

     Pada tanggal 31 Desember 2024 dan 2023, tidak                             As of December 31, 2024 and 2023, there are no
     ada giro pada bank lain yang dijadikan jaminan.                           current accounts with other banks pledged as
                                                                               collateral.

     Perubahan nilai tercatat bruto adalah sebagai                             The movements in the gross carrying amount are as
     berikut:                                                                  follows:

                                    Tahap 1/          Tahap 2/          Tahap 3/             Jumlah/
                                    Stage 1           Stage 2           Stage 3               Total

     31 Desember 2022                    148.380                    -                   -        148.380                December 31, 2022

     Aset baru                                 233                  -                   -              233            New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                                                                                  Assets derecognized or repaid
      hapus buku)                             (2)                   -                   -             (2)                       (exclude)
     Pengukuran kembali                   36.640                    -                   -         36.640                    Remeasurement
     Dampak perubahan kurs                (1.147)                   -                   -         (1.147)           Effect on exchange rate

     31 Desember 2023                    184.104                    -                   -        184.104                December 31, 2023

     Aset baru                              1.938                   -                   -           1.938             New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                                                                                  Assets derecognized or repaid
      hapus buku)                         (14.762)                  -                   -         (14.762)              (exclude write off)
     Pengukuran kembali                  (132.201)                  -                   -        (132.201)                  Remeasurement
     Dampak perubahan kurs                    739                   -                   -             739           Effect on exchange rate

     31 Desember 2024                     38.818                    -                   -         38.818                December 31, 2024




                                                                   67
Page 250
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

          PT BANK QNB INDONESIA TBK                                               PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                         As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                               unless otherwise stated)


7.   Giro pada Bank Lain (lanjutan)                                    7.     Current Accounts with Other Banks (continued)

     Perubahan cadangan kerugian penurunan nilai                              The movements in the allowance for impairment
     adalah sebagai berikut:                                                  losses are as follows:

                                    Tahap 1/           Tahap 2/        Tahap 3/            Jumlah/
                                    Stage 1            Stage 2         Stage 3              Total

     31 Desember 2022                          (33)                -                  -              (33)            December 31, 2022

     Aset baru                                   -                 -                  -                -           New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                                                                                Assets derecognized or repaid
      hapus buku)                               -                  -                  -               -               (exclude write off)
     Pengukuran kembali                        18                  -                  -              18                   Remeasurement
     Dampak perubahan kurs                      -                  -                  -               -           Effect on exchange rate

     31 Desember 2023                          (15)                -                  -              (15)            December 31, 2023

     Aset baru                                   -                 -                  -                -           New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                                                                                Assets derecognized or repaid
      hapus buku)                                2                 -                  -                2              (exclude write off)
     Pengukuran kembali                          6                 -                  -                6                  Remeasurement
     Dampak perubahan kurs                       -                 -                  -                -          Effect on exchange rate

     31 Desember 2024                           (7)                -                  -               (7)            December 31, 2024



     Manajemen Bank berkeyakinan bahwa jumlah                                 The Bank’s management believes that the
     cadangan kerugian penurunan nilai yang dibentuk                          allowance for impairment losses provided is
     cukup untuk menutupi kemungkinan penurunan nilai                         adequate to cover any possible impairment on
     giro pada bank lain.                                                     current accounts with other banks.

     Informasi mengenai suku bunga giro pada bank lain                        Information in respect of interest rate of current
     diungkapkan pada Catatan 3b.                                             accounts with other banks is disclosed in Note 3b.

     Informasi mengenai klasifikasi dan nilai wajar giro                      Information regarding the classification and fair
     pada bank lain diungkapkan pada Catatan 34. Giro                         value of current accounts with other banks is
     pada pihak berelasi diungkapkan pada Catatan 35.                         disclosed in Note 34. Current accounts with related
                                                                              parties are disclosed in Note 35.

     Informasi mengenai giro pada bank lain                                   Information regarding the currency type of current
     berdasarkan jenis mata uang diungkapkan pada                             accounts with other banks is disclosed in Note 37.
     Catatan 37.

8.   Penempatan pada Bank Indonesia dan Bank                           8.     Placements with Bank Indonesia and Other
     Lain                                                                     Banks

     Rincian penempatan pada Bank Indonesia adalah                            The details of placements with Bank Indonesia are
     sebagai berikut:                                                         as follows:

                                                      2024             2023

     Rupiah                                                                                                                    Rupiah
       Pihak ketiga                                                                                                     Third party
          Bank Indonesia                                 96.986             429.937                               Bank Indonesia

     Valuta asing                                                                                                  Foreign currency
        Pihak Berelasi                                                                                             Related parties
           Qatar National Bank (Q.P.S.C)                                                          Qatar National Bank (Q.P.S.C)
              (Catatan 35)                              321.900                   -                                (Note 35)
        Pihak ketiga                                                                                                   Third party
           Bank Indonesia                               917.415             662.071                              Bank Indonesia

     Total                                            1.336.301        1.092.008                                                   Total




                                                                  68
Page 251
                                                                                    The original financial statements included herein are in
                                                                                                                  the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                   PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                             As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                   unless otherwise stated)


8.   Penempatan pada Bank Indonesia dan Bank                               8.     Placements with Bank Indonesia and Other
     Lain (lanjutan)                                                              Banks (continued)

     Pada tanggal 31 Desember 2024 dan 2023, seluruh                              As of December 31, 2024 and 2023, all placements
     penempatan pada Bank Indonesia dan bank lain                                 with Bank Indonesia and other banks are not
     tidak mengalami penurunan nilai.                                             impaired.

     Pada tanggal 31 Desember 2024 dan 2023, tidak                                As of December 31, 2024 and 2023, there are no
     ada penempatan pada Bank Indonesia dan bank                                  placement with Bank Indonesia and other banks
     lain yang dijadikan jaminan.                                                 pledged as collateral.

     Jangka waktu penempatan pada Bank Indonesia                                  The term of placements with Bank Indonesia are as
     adalah sebagai berikut:                                                      follows:

                                                        2024               2023

     Rupiah                                                                                                                      Rupiah
       Bank Indonesia                                   2 hari/days        4 hari/days                                  Bank Indonesia

     Valuta asing                                                                                                     Foreign currency
        Qatar National Bank (Q.P.S.C)                 308 hari/days                  -                   Qatar National Bank (Q.P.S.C)
        Bank Indonesia                                  2 hari/days        4 hari/days                               Bank Indonesia

     Perubahan nilai tercatat bruto adalah sebagai                                The movements in the gross carrying amount are as
     berikut:                                                                     follows:

                                    Tahap 1/              Tahap 2/          Tahap 3/          Jumlah/
                                    Stage 1               Stage 2           Stage 3            Total

     31 Desember 2022                   1.032.898                      -                 -       1.032.898              December 31, 2022

     Aset baru                          1.092.008                      -                 -       1.092.008            New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                     -                     -                 -                     Assets derecognized or repaid
      hapus buku)                       (1.032.898)                                             (1.032.898)             (exclude write off)
     Pengukuran kembali                          -                     -                 -               -                  Remeasurement

     31 Desember 2023                   1.092.008                      -                 -       1.092.008              December 31, 2023

     Aset baru                          1.336.301                      -                 -       1.336.301            New assets originated
     Aset dihentikan pengakuannya
      atau dilunasi (kecuali                                                                                   Assets derecognized or repaid
      hapus buku)                       (1.092.008)                    -                 -      (1.092.008)             (exclude write off)
     Pengukuran kembali                          -                     -                 -               -                  Remeasurement

     31 Desember 2024                   1.336.301                      -                 -       1.336.301              December 31, 2024


     Informasi mengenai suku bunga penempatan pada                                Information in respect of interest rate of placements
     Bank Indonesia dan bank lain diungkapkan pada                                with Bank Indonesia and other banks is disclosed in
     Catatan 3b. Informasi mengenai jatuh tempo                                   Note 3b. Information in respect of maturities of
     penempatan pada Bank Indonesia dan bank lain                                 placements with Bank Indonesia and other banks is
     diungkapkan pada Catatan 3c. Informasi mengenai                              disclosed in Note 3c. Information regarding the
     klasifikasi dan nilai wajar penempatan pada Bank                             classification and fair value of placements with Bank
     Indonesia dan bank lain diungkapkan pada Catatan                             Indonesia and other banks is disclosed in Note 34.
     34.

     Informasi mengenai penempatan pada Bank                                      Information regarding the currency type of
     Indonesia dan bank lain berdasarkan jenis mata                               placements with Bank Indonesia and other banks is
     uang diungkapkan pada Catatan 37.                                            disclosed in Note 37.




                                                                      69
Page 252
                                                                                             The original financial statements included herein are in
                                                                                                                           the Indonesian language.

          PT BANK QNB INDONESIA TBK                                                           PT BANK QNB INDONESIA TBK
       CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2024 dan untuk                                                     As of December 31, 2024 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                           unless otherwise stated)


9.   Tagihan dan Liabilitas Derivatif                                                9.   Derivative Receivables and Payables

     Pada tanggal 31 Desember 2024 dan 2023, tagihan                                      As of December 31, 2024 and 2023, derivative
     dan liabilitas derivatif adalah sebagai berikut:                                     receivables and payables are as follows:

                                                       2024                                     2023
                                         Tagihan              Liabilitas           Tagihan               Liabilitas
                                        Derivatif/            Derivatif/          Derivatif/             Derivatif/
                                        Derivative            Derivative          Derivative             Derivative
                                       Receivables            Payables           Receivables             Payables
     Kontrak berjangka valuta asing                                                                                               Currency forward contract
        Bank                                    3.269                (7.775)                   11               (1.838)                           Banks



     Pada tanggal 31 Desember 2024 dan 2023, semua                                        As of December 31, 2024 and 2023, all derivative
     tagihan derivatif merupakan transaksi dengan pihak                                   receivables are made with third parties.
     ketiga.

     Pada tanggal 31 Desember 2024 dan 2023, tidak                                        As of December 31, 2024 and 2023, there are no
     ada tagihan derivatif yang dijadikan jaminan.                                        derivative receivables pledged as collateral.

     Informasi mengenai klasifikasi dan nilai wajar                                       Information regarding the classification and fair
     tagihan dan liabilitas derivatif diungkapkan pada                                    value of derivative receivables and payables is
     Catatan 34.                                                                          disclosed in Note 34.

     Pada tanggal 31 Desember 2024 dan 2023, nilai                                        As of December 31, 2024 and 2023, the contract
     kontrak dan rata-rata jangka waktu kontrak                                           amount and average contract period of currency
     berjangka valuta asing adalah sebagai berikut:                                       forward contracts are as follows:

                                                                                2024
                                                                Nilai Kontrak
                                                          (dalam nilai penuh)/                      Rentang tanggal
                                                             Contract amount                         Jatuh tempo/
                                       Jenis valuta/      (in original currency)                       Range of
                                        Currencies            (in full amount)                       maturity date
     Kontrak berjangka valuta                                                                                                            Currency forward
      asing yang akan diterima        USD                             11.895.011                2 Januari 2025 - 23 Juni 2025/        contracts received
                                                                                              January 2, 2025 - June 23, 2025
     Kontrak berjangka valuta                                                                                                             Currency forward
      asing yang akan dibayar         USD                             73.050.000                2 Januari 2025 - 23 Juni 2025/            contracts paid
                                                                                              January 2, 2025 - June 23, 2025
                                      AUD                              3.260.000                    2 Januari/January 2, 2025

                                      JPY                           126.084.800                       6 Januari/January 6, 2025

                                      EUR                                  400.000                    3 Januari/January 3, 2025

                                      SGD                                  814.241                  21 Januari/January 21, 2025

                                                                                2023
                                                                Nilai Kontrak
                                                          (dalam nilai penuh)/                      Rentang tanggal
                                                             Contract amount                         Jatuh tempo/
                                       Jenis valuta/      (in original currency)                       Range of
                                        Currencies            (in full amount)                       maturity date
     Kontrak berjangka valuta                                                                                                            Currency forward
      asing yang akan diterima        USD                                   50.000                  16 Januari/January 16, 2024       contracts received

                                      GBP                                   70.581                    4 Januari/January 4, 2024

                                      JPY                             12.772.723                      4 Januari/January 4, 2024

     Kontrak berjangka valuta                                                                                                             Currency forward
      asing yang akan dibayar         USD                             33.282.920             4 Januari 2024 - 19 Januari 2024/            contracts paid
                                                                                           January 4, 2024 - January 19, 2024




                                                                           70
Page 253
                                                                                                    The original financial statements included herein are in
                                                                                                                                  the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


10. Efek-efek yang Dibeli dengan Janji Dijual                                           10. Securities Purchased Under Agreements to
    Kembali                                                                                 Resell

    Efek-efek yang dibeli dengan janji dijual kembali                                          Securities purchased under agreements to resell as
    pada tanggal 31 Desember 2023 sebagai berikut:                                             of December 31, 2023 as follows:
                                                                               2023

                       Efek yang             Rentang tanggal                      Rentang tanggal
                       mendasari/              pembelian/                        penjualan kembali/           Harga penjualan   Pendapatan bunga     Nilai tercatat/
   Pihak lawan/        Underlying           Range of purchase                        Range of                    kembali/       yang belum diakui/     Carrying
   Counterparty        securities                 date                              resale date                Resale price     Unearned interest       amount

                                          3 Februari - 4 Agustus 2023/         12 Januari - 2 Agustus 2024/
   Bank Indonesia   Obligasi pemerintah   February 3 - August 4, 2023          January 12 - August 2, 2024          3.091.884             114.682           2.997.202



    Pada tanggal 31 Desember 2023, lokasi                                                      As of December 31, 2023, the scripless collateral
    penyimpanan efek-efek jaminan berupa tanpa                                                 securities were custodied in BI-S4 system of Bank
    warkat (scripless) dicatat pada sistem BI-S4 Bank                                          Indonesia.
    Indonesia.

    Manajemen Bank berkeyakinan bahwa tidak ada                                                The Bank’s management believes that no allowance
    cadangan kerugian penurunan nilai efek-efek yang                                           for impairment losses on securities purchased under
    dibeli dengan janji dijual kembali yang perlu dibentuk                                     agreements to resell should be provided as of
    pada tanggal 31 Desember 2023.                                                             December 31, 2023.

    Informasi mengenai suku bunga efek-efek yang                                               Information in respect of interest rate of securities
    dibeli dengan janji dijual kembali diungkapkan pada                                        purchased under agreements to resell is disclosed
    Catatan 3b. Informasi mengenai jatuh tempo efek-                                           in Note 3b. Information in respect of maturities of
    efek yang dibeli dengan janji dijual kembali                                               securities purchased under agreement to resell is
    diungkapkan pada Catatan 3c. Informasi mengenai                                            disclosed in Note 3c. Information regarding the
    klasifikasi dan nilai wajar efek-efek yang dibeli                                          classification and fair value of securities purchased
    dengan janji dijual kembali diungkapkan pada                                               under agreements to resell is disclosed in Note 34
    Catatan 34.

    Pada tanggal 31 Desember 2023, tidak ada efek-                                             As of December 31, 2023, there are no securities
    efek yang dibeli dengan janji dijual kembali yang                                          purchased under agreements to resell pledged as
    dijadikan jaminan.                                                                         collateral.

11. Kredit yang Diberikan                                                               11. Loans

    a.   Berdasarkan hubungan, jenis dan valuta                                                a.     By relationship, type and currency

                                                             2024                       2023

          Pihak berelasi                                                                                                                    Related parties
            Rupiah                                                                                                                                 Rupiah
             Personil manajemen                                                                                                 Key management personnel
               kunci (Catatan 35)                                        892                   1.976                                         (Note 35)

          Pihak ketiga                                                                                                                            Third parties
            Rupiah                                                                                                                                     Rupiah
             Modal kerja                                      4.935.227                  2.423.061                                            Working capital
             Investasi                                        1.147.963                  1.584.595                                               Investment
             Sindikasi                                          738.237                    594.787                                               Syndicated
             Konsumsi                                            34.211                     40.648                                                Consumer
             Karyawan                                            20.800                     16.082                                                Employee

                                                              6.876.438                  4.659.173




                                                                               71
Page 254
                                                                                The original financial statements included herein are in
                                                                                                              the Indonesian language.

         PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                       As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                             unless otherwise stated)


11. Kredit yang Diberikan (lanjutan)                                11. Loans (continued)

    a.   Berdasarkan hubungan, jenis dan valuta                            a.    By relationship, type and currency (continued)
         (lanjutan)

                                                  2024              2023

         Pihak ketiga (lanjutan)                                                                            Third parties (continued)
           Valuta asing                                                                                          Foreign currencies
            Modal Kerja                           1.265.476           329.003                                     Working capital
            Sindikasi                               311.760           952.158                                         Syndication
            Investasi                                     -            14.114                                          Investment

                                                  1.577.236         1.295.275

         Total                                    8.454.566         5.956.424                                                    Total

         Cadangan kerugian penurunan nilai         (488.839)         (507.139)                       Allowance for impairment losses

         Neto                                     7.965.727         5.449.285                                                     Net


    b.   Berdasarkan sektor ekonomi                                        b.    By economic sectors

                                                  2024              2023

         Rupiah                                                                                                                Rupiah
          Jasa usaha                              2.718.154         1.852.663                                    Business services
          Manufaktur                              1.782.289         1.706.686                                        Manufacturing
          Pengangkutan, pergudangan dan                                                           Transportation, warehousing and
            komunikasi                            1.146.969            74.967                                     communication
          Perdagangan, restoran dan hotel           501.201           376.650                        Trading, restaurant and hotels
          Konstruksi                                415.362           418.872                                         Constructions
          Pertambangan                              221.400                 -                                                 Mining
          Pertanian, perkebunan, dan                                                                    Agriculture, plantation, and
            sarana perkebunan                        36.054           172.605                             plantation equipments
          Lain-lain                                  55.901            58.706                                                 Others

                                                  6.877.330         4.661.149


         Valuta asing                                                                                               Foreign currencies
          Manufaktur                              1.054.631           952.158                                          Manufacturing
          Pertambangan                              308.702           343.117                                                 Mining
          Listrik, gas dan air                      213.903                 -                             Electricity, gas and water

                                                  1.577.236         1.295.275

         Total                                    8.454.566         5.956.424                                                   Total

         Cadangan kerugian penurunan nilai         (488.839)         (507.139)                       Allowance for impairment losses

         Neto                                     7.965.727         5.449.285                                                     Net


    c.   Berdasarkan periode perjanjian kredit:                            c.    Based on the term of loan agreements:

                                                  2024              2023

         Rupiah                                                                                                                Rupiah
           < 1 tahun                              4.464.786         1.962.566                                              < 1 year
           > 1 - 3 tahun                            714.731           948.610                                           > 1 - 3 year
           > 3 - 5 tahun                            420.359           810.045                                           > 3 - 5 year
           > 5 tahun                              1.277.454           939.928                                              > 5 year

                                                  6.877.330         4.661.149




                                                               72
Page 255
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

         PT BANK QNB INDONESIA TBK                                              PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                        As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                              unless otherwise stated)


11. Kredit yang Diberikan (lanjutan)                                 11. Loans (continued)

    c.   Berdasarkan        periode   perjanjian     kredit:                c.    Based on the term of loan agreements:
         (lanjutan)                                                               (continued)

                                                   2024              2023

         Valuta asing                                                                                               Foreign currencies
            < 1 tahun                              1.340.800           966.272                                              < 1 year
            > 1 - 3 tahun                             22.533           137.156                                           > 1 - 3 year
            > 3 - 5 tahun                                  -           191.847                                           > 3 - 5 year
            > 5 tahun                                213.903                 -                                              > 5 year

                                                   1.577.236         1.295.275

         Total                                     8.454.566         5.956.424                                                    Total

         Cadangan kerugian penurunan nilai          (488.839)         (507.139)                       Allowance for impairment losses

         Neto                                      7.965.727         5.449.285                                                     Net


    d.   Kredit dijamin dengan agunan yang diikat                           d.    The loans are secured by collaterals which are
         dengan akta pemberian hak tanggungan,                                    legalized by deed of encumbrance, other
         jaminan lain atau aset yang umumnya diterima                             guarantees or assets that are generally
         oleh bank, antara lain deposito berjangka, giro,                         accepted in the banking industry, such as time
         kendaraan bermotor, tanah dan bangunan.                                  deposits, demand deposits, motor vehicles,
                                                                                  land and buildings.

         Pada tanggal 31 Desember 2024 dan 2023,                                  As of December 31, 2024 and 2023, total loans
         kredit dijamin dengan jaminan tunai berupa                               secured by cash collateral (back-to-back loans)
         deposito masing-masing sebesar Rp377.036                                 amounted to Rp377,036 and Rp16,100,
         dan Rp16.100 (Catatan 19).                                               respectively (Note 19).

         Pada tanggal 31 Desember 2024 dan 2023,                                  As of December 31, 2024 and 2023, there are
         tidak ada kredit yang dijadikan jaminan.                                 no loans pledged as collateral.

    e.   Kredit modal kerja dan investasi diberikan                         e.    Working capital loans and investment loans
         kepada debitur untuk kepentingan modal kerja                             were granted to customers for working capital
         dan pembelian barang modal. Kredit modal                                 and purchase of capital goods. Working capital
         kerja mencakup kredit dalam bentuk rekening                              loans include overdraft.
         koran.

    f.   Kredit konsumsi terdiri dari kredit pemilikan                      f.    Consumer loans consist of housing and motor
         rumah dan kendaraan bermotor dan kredit                                  vehicles ownership loans and other personal
         perorangan lainnya.                                                      loans.




                                                                73
Page 256
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

         PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                      unless otherwise stated)


11. Kredit yang Diberikan (lanjutan)                           11. Loans (continued)

    g.   Kredit yang diberikan kepada karyawan Bank                g.    The loans given to the Bank’s employees are
         digunakan untuk keperluan pinjaman atas                         used for purchase of houses, cars and other
         pembelian rumah, kendaraan, dan keperluan                       personal necessities with maturities ranging
         lainnya dengan jangka waktu jatuh tempo                         from 1 to 15 years, with interest rates 5% per
         berkisar dari 1 tahun sampai 15 tahun, yang                     annum. These loans will be settled through their
         dikenakan bunga 5% per tahun. Kredit tersebut                   monthly salary deductions. The loans to the
         akan dilunasi melalui pemotongan gaji setiap                    employees amounted Rp21,692 and Rp18,058
         bulan. Jumlah kredit yang diberikan kepada                      or represented 0.26% and 0.30% of total loans
         karyawan masing-masing sebesar Rp21.692                         as of December 31, 2024 and 2023,
         dan Rp18.058 atau 0,26% dan 0,30% dari                          respectively.
         jumlah kredit yang diberikan pada tanggal
         31 Desember 2024 dan 2023.

    h.   Pada tahun 2023, Bank melakukan penjualan                 h.    In 2023, the Bank sold its written off loans.
         atas kredit yang dihapusbukukan. Pembayaran                     Payment for the selling prices of Rp86,429 has
         dari harga jual dari kredit tersebut sebesar                    been fully received by the Bank and presented
         Rp86.429 telah diterima seluruhnya oleh Bank                    as part of “other operating income - others” in
         dan    dibukukan      sebagai    bagian  dari                   current year statement of profit or loss and other
         “pendapatan operasional lainnya - lain-lain”                    comprehensive income.
         pada laporan laba rugi dan penghasilan
         komprehensif lain di tahun berjalan.

         Pada tahun 2023, Bank melakukan penjualan                       In 2023, the Bank sold a performing loans.
         atas kredit lancar. Pembayaran dari harga jual                  Payment for the selling prices of Rp425,478
         dari kredit tersebut sebesar Rp425.478 telah                    has been fully received by the Bank and loss
         diterima seluruhnya oleh Bank dan kerugian                      from sale of loans of Rp39,668 was presented
         dari penjualan atas kredit sebesar Rp39.668                     as part of “other operating expenses - others” in
         dibukukan sebagai bagian dari “beban                            current year statement of profit or loss and other
         operasional lainnya - lain-lain” pada laporan                   comprehensive income.
         laba rugi dan penghasilan komprehensif lain di
         tahun berjalan.

         Bank telah mengalihkan seluruh hak atas arus                    The Bank has transferred all rights to cash flows
         kas dan juga mengalihkan seluruh risiko dan                     and also transferred all risks and benefits of the
         manfaat atas kredit yang diberikan yang dijual                  credit granted for sale. Therefore, the Bank
         tersebut. Oleh karena itu, Bank menghentikan                    derecognized this credit and recognized the
         pengakuan atas kredit yang diberikan ini dan                    recovery of all previously established
         mengakui pemulihan seluruh cadangan                             allowances for impairment losses.
         kerugian penurunan nilai yang dibentuk
         sebelumnya.

    i.   Kredit hapus buku sepanjang tahun 2024 dan                i.    Written off loans during 2024 and 2023,
         2023 masing-masing sebesar Rp3 dan                              amounted to Rp3 and Rp35,882, respectively.
         Rp35.882.




                                                          74
Page 257
                                                                                  The original financial statements included herein are in
                                                                                                                the Indonesian language.

         PT BANK QNB INDONESIA TBK                                               PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                         As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                               unless otherwise stated)


11. Kredit yang Diberikan (lanjutan)                                    11. Loans (continued)

    j.   Perubahan nilai tercatat bruto kredit yang                         j.     The changes in gross carrying amount on loans
         diberikan selama tahun berjalan adalah                                    during the year are as follows:
         sebagai berikut:

                                        Tahap 1/        Tahap 2/        Tahap 3/            Jumlah/
                                        Stage 1         Stage 2         Stage 3              Total

         31 Desember 2022                 7.731.921       1.893.590          36.739            9.662.250               December 31, 2022

         Aset baru                        3.159.218         197.401              1.877         3.358.496             New assets originated
         Aset dihentikan pengakuannya
           atau dilunasi (kecuali                                                                            Assets derecognized or repaid
           hapus buku)                    (5.730.927)      (754.260)        (17.575)          (6.502.762)              (exclude write-off)
         Pengalihan ke Tahap 1                   486           (486)              -                    -                Transfer to Stage 1
         Pengalihan ke Tahap 2              (462.017)       462.017               -                    -                Transfer to Stage 2
         Pengalihan ke Tahap 3                (8.019)       (18.052)         26.071                    -                Transfer to Stage 3
         Pengukuran kembali                 (504.968)       (52.998)         34.557             (523.409)                  Remeasurement
         Penghapusbukuan                           -              -         (35.882)             (35.882)                          Write-off
         Dampak perubahan kurs                (2.269)             -               -               (2.269)          Effect on exchange rate

         31 Desember 2023                 4.183.425       1.727.212          45.787            5.956.424               December 31, 2023

         Aset baru                        6.038.399         415.155              2.527         6.456.081             New assets originated
         Aset dihentikan pengakuannya
           atau dilunasi (kecuali                                                                            Assets derecognized or repaid
           hapus buku)                    (3.097.864)      (417.947)         (2.237)          (3.518.048)              (exclude write-off)
         Pengalihan ke Tahap 1                     -              -               -                    -                Transfer to Stage 1
         Pengalihan ke Tahap 2              (169.945)       169.945               -                    -                Transfer to Stage 2
         Pengalihan ke Tahap 3               (10.860)      (207.087)        217.947                    -                Transfer to Stage 3
         Pengukuran kembali                 (285.303)      (158.866)          1.377             (442.792)                  Remeasurement
         Penghapusbukuan                           -              -              (3)                  (3)                          Write-off
         Dampak perubahan kurs                 2.904              -               -                2.904           Effect on exchange rate

         31 Desember 2024                 6.660.756       1.528.412         265.398            8.454.566               December 31, 2024



    k.   Perubahan cadangan kerugian penurunan nilai                        k.     The changes in allowance for impairment
         kredit yang diberikan selama tahun berjalan                               losses on loans during the year are as follows:
         adalah sebagai berikut:
                                        Tahap 1/        Tahap 2/        Tahap 3/            Jumlah/
                                        Stage 1         Stage 2         Stage 3              Total

         31 Desember 2022                    93.751         283.714          28.662              406.127               December 31, 2022

         Aset baru                           65.896         112.498              2.742           181.136             New assets originated
         Aset dihentikan pengakuannya
           atau dilunasi (kecuali                                                                            Assets derecognized or repaid
           hapus buku)                      (71.265)       (147.682)        (16.137)            (235.084)              (exclude write-off)
         Pengalihan ke Tahap 1                   74             (74)              -                    -                Transfer to Stage 1
         Pengalihan ke Tahap 2               (5.013)          5.013               -                    -                Transfer to Stage 2
         Pengalihan ke Tahap 3                 (434)         (2.882)          3.316                    -                Transfer to Stage 3
         Pengukuran kembali                  12.623         120.690          57.510              190.823                   Remeasurement
         Penghapusbukuan                          -               -         (35.882)             (35.882)                          Write-off
         Dampak perubahan kurs               (4.508)          4.452              75                   19           Effect on exchange rate

         31 Desember 2023                    91.124         375.729          40.286              507.139               December 31, 2023

         Aset baru                           48.648         128.008              3.185           179.841             New assets originated
         Aset dihentikan pengakuannya
           atau dilunasi (kecuali                                                                            Assets derecognized or repaid
           hapus buku)                      (55.092)       (100.273)         (1.298)            (156.663)              exclude write-off)
         Pengalihan ke Tahap 1                    -               -               -                    -               Transfer to Stage 1
         Pengalihan ke Tahap 2               (2.193)          2.193               -                    -               Transfer to Stage 2
         Pengalihan ke Tahap 3               (1.847)       (138.756)        140.603                    -               Transfer to Stage 3
         Pengukuran kembali                 (19.843)        (34.306)         11.955              (42.194)                  Remeasurement
         Penghapusbukuan                          -               -              (3)                  (3)                         Write-off
         Dampak perubahan kurs                1.010               -            (291)                 719           Effect on exchange rate

         31 Desember 2024                    61.807         232.595         194.437              488.839               December 31, 2024




                                                                   75
Page 258
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

         PT BANK QNB INDONESIA TBK                                               PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                         As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                               unless otherwise stated)


11. Kredit yang Diberikan (lanjutan)                                   11. Loans (continued)

    l.     Manajemen Bank berkeyakinan bahwa jumlah                         l.    The Bank’s management believes that the
           cadangan kerugian penurunan nilai yang                                 allowance for impairment losses provided is
           dibentuk cukup untuk menutupi kemungkinan                              adequate to cover any possible impairment on
           penurunan nilai kredit yang diberikan.                                 loans.

    m. Informasi mengenai suku bunga kredit yang                            m. Information in respect of interest rate of loans is
       diberikan diungkapkan pada Catatan 3b.                                  disclosed in Note 3b. Information in respect of
       Informasi mengenai jatuh tempo kredit yang                              maturities of loans is disclosed in Note 3c.
       diberikan diungkapkan pada Catatan 3c.                                  Information regarding the classification and fair
       Informasi mengenai klasifikasi dan nilai wajar                          value of loans is disclosed in Note 34.
       kredit yang diberikan diungkapkan pada
       Catatan 34.

    n.     Pada tanggal-tanggal 31 Desember 2024 dan                        n.    As of December 31, 2024 and 2023, loans with
           2023, kredit pada pihak berelasi diungkapkan                           related parties were disclosed in Note 35.
           pada Catatan 35.

    o.     Informasi mengenai kredit yang diberikan                         o.    Information regarding the currency type of
           berdasarkan jenis mata uang diungkapkan                                loans is disclosed in Note 37.
           pada Catatan 37.

    p.     Selama tahun 2024 dan 2023, Bank telah                           p.    During 2024 and 2023, the Bank has taken
           menempuh berbagai langkah strategis dalam                              various strategic steps to manage its non-
           mengelola kredit bermasalahnya, antara lain                            performing loans, either through credit
           melalui restrukturisasi kredit, eksekusi agunan,                       restructuring, collateral execution, and loans
           dan penjualan kredit.                                                  sale.

12. Efek-Efek                                                          12. Securities

    Rincian efek-efek pada tanggal 31 Desember 2024                         Details of securities as of December 31, 2024 and
    dan 2023 sebagai berikut:                                               2023 as follows:


                                                              2024
                                                 Nilai                 Nilai
                                               nominal/              tercatat/
                                               Nominal               Carrying
                                                Value                amount
    Nilai wajar melalui                                                                                    Fair value through other
        penghasilan komprehensif lain                                                                     comprehensive income
          Pihak Ketiga                                                                                             Third Parties
          Rupiah                                                                                                         Rupiah
          Obligasi pemerintah                       140.000              139.919                            Government bonds
          Sekuritas Rupiah Bank Indonesia         1.905.000            1.859.420               Bank Indonesia Rupiah Securities

   Total nilai wajar melalui                                                                           Total fair value through other
       penghasilan komprehensif lain              2.045.000            1.999.339                           comprehensive income



    Biaya perolehan diamortisasi                                                                                    Amortized cost
         Pihak Ketiga                                                                                             Third Parties
         Valuta Asing                                                                                       Foreign currencies
         Sekuritas Valas Bank Indonesia             160.950              160.686              Bank Indonesia Foreign Securities

    Total biaya perolehan diamortisasi              160.950              160.686                                Total amortized cost

    Total                                         2.205.950            2.160.025                                                  Total

    Cadangan kerugian penurunan nilai                                             -                  Allowance for Impairment Losses

    Neto                                                               2.160.025                                                   Net


                                                              76
Page 259
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                     PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                               As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                     unless otherwise stated)


12. Efek-Efek (lanjutan)                                                     12. Securities (continued)

    Rincian efek-efek pada tanggal 31 Desember 2024                               Details of securities as of December 31, 2024 and
    dan 2023 sebagai berikut: (lanjutan)                                          2023 as follows: (continued)


                                                                    2023
                                                       Nilai                 Nilai
                                                     nominal/              tercatat/
                                                     Nominal               Carrying
                                                      Value                amount
    Nilai wajar melalui                                                                                              Fair value through other
        penghasilan komprehensif lain                                                                               comprehensive income
          Pihak Ketiga                                                                                                       Third Parties
          Rupiah                                                                                                                   Rupiah
          Obligasi pemerintah                             140.000               139.922                               Government bonds

    Biaya perolehan diamortisasi                                                                                              Amortized cost
         Pihak Ketiga                                                                                                       Third Parties
         Rupiah                                                                                                                   Rupiah
         Obligasi pemerintah                              250.000               250.030                                Government bonds

    Total biaya perolehan diamortisasi                    250.000               250.030                                   Total amortized cost

    Total                                                 390.000               389.952                                                    Total

    Cadangan kerugian penurunan nilai                                                   -                    Allowance for Impairment Losses

    Neto                                                                        389.952                                                     Net


    Rincian efek-efek adalah sebagai berikut:                                     Details of the securities are as follows:

                                                                                   2024

                                                                                                                                   Frekuensi
                                                                                                                              pembayaran bunga/
                                        Nilai nominal/     Nilai tercatat/             Rentang tanggal jatuh tempo/             Frequency of
                                        Nominal value     Carrying amount                   Range of maturity                    interest date

    Obligasi Pemerintah/
        Government Bonds                       140.000               139.919                      25 April/April 25, 2025         3 bulan/months
    Sekuritas Rupiah Bank Indonesia/                                               24 Januari 2025 - 12 Desember 2025/
        Bank Indonesia Rupiah Securities      1.905.000             1.859.420     January 24, 2025 - December 12, 2025
    Sekuritas Valas Bank Indonesia/
        Bank Indonesia Foreign Securities      160.950               160.686                  13 Januari/January 13, 2025

                                                                                   2023

                                                                                                                                   Frekuensi
                                                                                                                              pembayaran bunga/
                                        Nilai nominal/     Nilai tercatat/             Rentang tanggal jatuh tempo/             Frequency of
                                        Nominal value     Carrying amount                   Range of maturity                    interest date

    Obligasi Pemerintah/                                                                     15 Maret 2024 - 25 April 2025/   3 bulan/months dan
        Government Bonds                       390.000               389.952                March 15, 2024 - April 25, 2025       6 bulan/months




                                                                    77
Page 260
                                                                                  The original financial statements included herein are in
                                                                                                                the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                 PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                           As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                 unless otherwise stated)


12. Efek-Efek (lanjutan)                                                12. Securities (continued)

    Nilai wajar melalui penghasilan komprehensif lain                          Fair values through other comprehensive income
    didasarkan pada harga pasar efek yang tercatat                             securities are based on market prices of listed
    pada        tanggal       pelaporan.        Mutasi                         securities at the reporting date. Movements of
    keuntungan/(kerugian) yang belum direalisasi akibat                        unrealized gains/(losses) resulting from the
    kenaikan/(penurunan) nilai wajar efek-efek dicatat                         increase/(decrease) in fair value of marketable
    sebagai bagian komponen ekuitas, sehingga Bank                             securities is recorded as part of the equity
    mengakui keuntungan/(kerugian) periode berjalan                            component, and the Bank recognized current period
    atas perubahan nilai wajar efek-efek, sedangkan                            gain/(losses) from changes in fair value of
    penyesuaian reklasifikasi     atas   keuntungan/                           marketable securities, whereas reclassification
    (kerugian) sudah termasuk dalam laba rugi.                                 adjustment on gains/(losses) are included in profit or
                                                                               loss.

    Perubahan keuntungan/(kerugian) yang belum                                 The changes of unrealized gains/(losses) on
    direalisasi atas efek-efek dalam kelompok nilai wajar                      marketable securities in fair value through other
    melalui penghasilan komprehensif lain adalah                               comprehensive income:
    sebagai berikut:

                                                    2024                2023

    Saldo awal                                              (61)           28.183                                      Beginning balance
    Perubahan nilai wajar                                  (179)          (36.210)                                   Changes in fair value
    Pajak penghasilan terkait akun-akun                                                                    Income tax of related accounts
       yang akan direklasifikasi                                                                                  which will be reclassified
       ke laporan laba rugi                                 39                 7.966                          to statement of profit or loss

    Saldo Akhir                                            (201)                 (61)                                     Ending balance


    Perubahan nilai tercatat bruto efek-efek selama                            The changes in gross carrying amount on securities
    tahun berjalan adalah sebagai berikut:                                     during the year are as follows:

                                   Tahap 1/          Tahap 2/           Tahap 3/            Jumlah/
                                   Stage 1           Stage 2            Stage 3              Total

    31 Desember 2022                      514.182                   -                   -        514.182                December 31, 2022

    Aset baru                                   -                   -                   -              -               New assets originated
    Aset dihentikan pengakuannya
     atau dilunasi (kecuali                                                                                    Assets derecognized or repaid
     hapus buku)                       (124.169)                    -                   -       (124.169)               (exclude write off)
    Pengukuran kembali                      (61)                    -                   -            (61)                   Remeasurement

    31 Desember 2023                      389.952                   -                   -        389.952                December 31, 2023

    Aset baru                         2.020.106                     -                   -      2.020106                New assets originated
    Aset dihentikan pengakuannya                                    -                   -             -
     atau dilunasi (kecuali                                         -                   -             -        Assets derecognized or repaid
     hapus buku)                       (250.030)                    -                   -      (250.030)                (exclude write off)
    Pengukuran kembali                       (3)                    -                   -            (3)                    Remeasurement

    31 Desember 2024                  2.160.025                     -                   -      2.160.025                December 31, 2024




                                                                   78
Page 261
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

         PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                            unless otherwise stated)


12. Efek-Efek (lanjutan)                                             12. Securities (continued)

    Perubahan cadangan kerugian penurunan nilai                          The changes in allowance for impairment losses on
    efek-efek selama tahun berjalan adalah sebagai                       securities during the year are as follows:
    berikut:

                                   Tahap 1/          Tahap 2/        Tahap 3/         Jumlah/
                                   Stage 1           Stage 2         Stage 3           Total

    31 Desember 2022                      (195)                  -              -               (195)            December 31, 2022

    Aset baru                                   -                -              -                  -           New assets originated
    Aset dihentikan pengakuannya
     atau dilunasi (kecuali                                                                             Assets derecognized or repaid
     hapus buku)                              195                -              -               195               (exclude write off)
    Pengukuran kembali                         (6)               -              -                (6)                  Remeasurement
    Dampak perubahan kurs                       6                -              -                 6           Effect on exchange rate

    31 Desember 2023                            -                -              -                  -             December 31, 2023

    Aset baru                                   -                -              -                  -           New assets originated
    Aset dihentikan pengakuannya
     atau dilunasi (kecuali                                                                             Assets derecognized or repaid
     hapus buku)                                -                -              -                  -              (exclude write off)
    Pengukuran kembali                          -                -              -                  -                  Remeasurement
    Dampak perubahan kurs                       -                -              -                  -          Effect on exchange rate

    31 Desember 2024                            -                -              -                  -             December 31, 2024



    Manajemen Bank berpendapat bahwa cadangan                            The Bank’s management believes that no
    kerugian penurunan nilai tidak diperlukan.                           allowances for impairment losses is necessary.

    Informasi mengenai suku bunga efek-efek                              Information in respect of interest rate of securities is
    diungkapkan pada Catatan 3b. Informasi mengenai                      disclosed in Note 3b. Information in respect of
    jatuh tempo surat-surat berharga diungkapkan pada                    maturities of securities is disclosed in Note 3c.
    Catatan 3c. Informasi mengenai klasifikasi dan nilai                 Information regarding the classification and fair
    wajar efek-efek diungkapkan pada Catatan 34.                         value of securities is disclosed in Note 34.

    Informasi mengenai efek-efek yang diberikan                          Information regarding the currency type of securities
    berdasarkan jenis mata uang diungkapkan pada                         is disclosed in Note 37.
    Catatan 37.

    Pada tanggal 31 Desember 2024 dan 2023, efek-                        As of December 31, 2024 and 2023, securities with
    efek sejumlah nominal masing-masing sebesar                          nominal Rp100,000 and Rp390,000, respectively
    Rp100.000 dan Rp390.000 telah dijual dengan janji                    were sold under agreement to repurchase (Note
    dibeli kembali (Catatan 21).                                         21).




                                                                79
Page 262
                                                                                   The original financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                    PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                              As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


13. Beban Dibayar Dimuka                                                  13. Prepayments

   Rincian beban dibayar dimuka pada tanggal                                     Details of prepayments as of December 31, 2024
   31 Desember 2024 dan 2023 adalah sebagai                                      and 2023 are as follows:
   berikut:

                                                 2024                     2023

   Pemeliharaan                                     16.437                   12.109                                         Maintenance
   Bonus                                             5.678                    1.900                                                 Bonus
   Perolehan aset tetap                              3.618                   13.723                            Acquisition of fixed assets
   Asuransi                                          3.578                    2.966                                              Insurance
   Lain-lain                                        13.887                    2.337                                                 Others

   Total                                            43.198                   33.035                                                   Total


14. Aset Tetap dan Aset Hak Guna                                          14. Fixed Assets and Right-of-Use Assets

   Aset tetap dan aset hak guna pada tanggal                                     Fixed assets and right-of-use assets as of
   31 Desember 2024 dan 2023 adalah sebagai                                      December 31, 2024 and 2023 are as follows:
   berikut:

                                                                   2024

                                Saldo awal/                                                Saldo akhir/
                                Beginning        Penambahan/          Pengurangan/           Ending
                                 Balance           Addition            Deductions            balance
   Biaya perolehan:                                                                                                                   Cost:
    Tanah                              53.429                  -                      -            53.429                           Land
    Gedung                              5.415                  -                      -             5.415                       Buildings
    Renovasi dan perbaikan
      gedung                           69.370            3.788                        -            73.158         Leasehold improvement
    Perlengkapan dan perabot                                                                                             Office equipment,
      kantor                         194.875            13.960                    1.058           207.777         furniture and fixtures
                                     323.089            17.748                    1.058           339.779
   Aset hak guna                     186.583            30.664                    8.603           208.644             Right-of-use-assets

   Total biaya perolehan             509.672            48.412                    9.661           548.423                         Total cost

   Akumulasi penyusutan                                                                                      Accumulated depreciation:
    Gedung                             (2.928)             (198)                      -            (3.126)                    Buildings
    Renovasi dan perbaikan
      gedung                          (51.363)           (3.697)                      -           (55.060)        Leasehold improvement
    Perlengkapan dan perabot                                                                                             Office equipment,
      kantor                         (148.702)          (30.209)                  1.038          (177.873)        furniture and fixtures
                                     (202.993)          (34.104)                  1.038          (236.059)
   Aset hak guna                      (93.763)          (23.555)                  8.141          (109.177)              Right-of-use-assets
   Total akumulasi penyusutan        (296.756)          (57.659)                  9.179          (345.236) Total accumulated depreciation
   Nilai buku - neto                 212.916                                                      203.187                  Book value - net




                                                             80
Page 263
                                                                                      The original financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                      PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


14. Aset Tetap dan Aset Hak Guna (lanjutan)                                 14. Fixed Assets             and       Right-of-Use         Assets
                                                                                (continued)

    Aset tetap dan aset hak guna pada tanggal                                      Fixed assets and right-of-uses assets as of
    31 Desember 2024 dan 2023 adalah sebagai                                       December 31, 2024 and 2023 are as follows:
    berikut: (lanjutan)                                                            (continued)

                                                                     2023

                                 Saldo awal/                                                  Saldo akhir/
                                 Beginning        Penambahan/           Pengurangan/            Ending
                                  Balance           Addition             Deductions             balance
    Biaya perolehan:                                                                                                                      Cost:
     Tanah                              54.407                   -                    (978)           53.429                            Land
     Gedung                             18.881                   -                 (13.466)            5.415                        Buildings
     Renovasi dan perbaikan
       gedung                           72.239                   -                  (2.869)           69.370          Leasehold improvement
     Perlengkapan dan perabot                                                                                                Office equipment,
       kantor                         228.157            13.651                    (46.933)          194.875          furniture and fixtures

                                      373.684            13.651                    (64.246)          323.089
    Aset hak guna                     195.665                 -                     (9.082)          186.583              Right-of-use-assets
    Total biaya perolehan             569.349            13.651                    (73.328)          509.672                          Total cost

    Akumulasi penyusutan                                                                                            Accumulated depreciation:
     Gedung                             (9.402)             (868)                    7.342            (2.928)                     Buildings
     Renovasi dan perbaikan
       gedung                          (50.756)           (3.421)                    2.814           (51.363)         Leasehold improvement
     Perlengkapan dan perabot                                                                                                Office equipment,
       kantor                         (158.809)          (36.498)                   46.605          (148.702)         furniture and fixtures
                                      (218.967)          (40.787)                   56.761          (202,993)
    Aset hak guna                      (74.984)          (23.736)                    4.957           (93.763)               Right-of-use-assets

    Total akumulasi penyusutan        (293.951)          (64.523)                   61.718          (296.756) Total accumulated depreciation
    Nilai buku - neto                 275.398                                                        212.916                   Book value - net



    Beban penyusutan aset tetap dan aset hak guna                                  Depreciation expense of fixed assets and right-of-
    yang dibebankan ke dalam beban umum dan                                        uses assets charged to general and administrative
    administrasi sebesar Rp57.659 dan Rp64.523 untuk                               expenses amounted to Rp57,659 and Rp64,523 for
    tahun yang berakhir tanggal 31 Desember 2024 dan                               the years ended December 31, 2024 and 2023,
    2023 (Catatan 32).                                                             respectively (Note 32).

    Rincian penjualan aset tetap adalah sebagai berikut:                           Details of sale of fixed assets are as follows:
                                                  2024                      2023
    Hasil penjualan aset tetap                           110                    5.107                    Proceeds from sale of fixed assets
    Nilai buku                                           (20)                  (1.900)                                     Net book value
    Laba penjualan aset tetap                             90                       3.207                        Gain on sale of fixed assets




                                                                81
Page 264
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

        PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


14. Aset Tetap dan Aset Hak Guna (lanjutan)                           14. Fixed Assets         and      Right-of-Use       Assets
                                                                          (continued)

    Pada tanggal 31 Desember 2024, seluruh hak                           As of December 31, 2024, all the Bank’s land are in
    kepemilikan atas tanah Bank adalah dalam bentuk                      the form of Right to Build (Hak Guna Bangunan),
    Hak Guna Bangunan (HGB), yang memiliki sisa                          which have remaining period of legal rights ranging
    jangka waktu hak legal berkisar dari 2 tahun sampai                  from 2 to 20 years. The Bank’s management
    dengan 20 tahun. Manajemen Bank berkeyakinan                         believes that the landrights can be extended upon
    bahwa hak kepemilikan atas tanah tersebut dapat                      expiry.
    diperpanjang pada saat jatuh tempo.

    Pada tanggal 31 Desember 2024 dan 2023, aset                         As of December 31, 2024, and December 31, 2023,
    tetap yang telah disusutkan penuh dan masih                          fixed assets that have been fully depreciated yet still
    digunakan masing-masing sejumlah Rp185.398 dan                       being used amounted to Rp185,398 and
    Rp101.403.                                                           Rp101,403, respectively.

    Pada tanggal 31 Desember 2024, kendaraan,                            As of December 31, 2024, motor vehicles, buildings
    gedung, perlengkapan dan perabot kantor telah                        and office equipment were insured with PT Sompo
    diasuransikan kepada PT Sompo Insurance                              Insurance Indonesia, PT Asuransi Mitra Pelindung
    Indonesia, PT Asuransi Mitra Pelindung Mustika,                      Mustika and PT Asuransi Harta Aman Pratama Tbk
    dan PT Asuransi Harta Aman Pratama Tbk melalui                       through PT Marsh Indonesia and as of
    PT Marsh Indonesia dan pada tanggal                                  December 31, 2023, motor vehicles, buildings and
    31 Desember 2023, kendaraan, gedung,                                 office equipment were insured with PT Sompo
    perlengkapan dan perabot kantor diasuransikan                        Insurance and Malacca Trust Insurance through PT
    kepada PT Sompo Insurance Indonesia dan                              Marsh Indonesia against all risks of physical loss or
    Malacca Trust Insurance         melalui PT Marsh                     damage for sum insured of Rp140,472 and
    Indonesia terhadap semua risiko kehilangan atau                      Rp142,606 as of December 31, 2024 and 2023,
    kerusakan fisik dengan nilai pertanggungan masing-                   respectively.
    masing sejumlah Rp140.472 dan Rp142.606 untuk
    31 Desember 2024 dan 2023.

    Manajemen Bank berkeyakinan bahwa nilai                              The Bank’s management believes that the
    pertanggungan aset tetap yang diasuransikan                          insurance coverage is adequate to cover possible
    adalah cukup untuk menutupi kemungkinan                              losses on the assets insured. The Bank’s
    kerugian atas aset yang dipertanggungkan.                            management also believes that there was no
    Manajemen Bank juga berkeyakinan tidak terdapat                      impairment of fixed assets during the year.
    penurunan nilai aset tetap selama tahun berjalan.

    Pada tanggal 31 Desember 2024 dan 2023, tidak                        As of December 31, 2024 and 2023, there are no
    ada aset tetap yang dijadikan jaminan.                               fixed assets pledged as collateral.

    Aset hak guna per 31 Desember 2024 dan 2023                          Right-of-use assets as of December 31, 2024 and
    adalah sebagai berikut:                                              2023 as follows:

                                                               2024
                               Saldo awal/                                          Saldo akhir/
                               Beginning        Penambahan/       Pengurangan/        Ending
                                Balance           Addition         Deductions         balance
    Biaya perolehan:                                                                                                          Cost:
     Gedung                         167.082           23.611              (8.123)          182.570                      Buildings
     Kendaraan bermotor               2.720                -                (480)            2.240                      Vehicles
     Lainnya                         16.781            7.053                   -            23.834                        Others
                                    186.583           30.664              (8.603)          208.644
    Akumulasi penyusutan:                                                                               Accumulated depreciation:
     Gedung                          (78.490)         (18.211)             7.662           (89.039)                   Buildings
     Kendaraan bermotor               (1.628)            (718)               479            (1.867)                   Vehicles
     Lainnya                         (13.645)          (4.626)                 -           (18.271)                     Others
                                     (93.763)         (23.555)             8.141          (109.177)
    Nilai buku - neto                 92.820                                                99.467                Book value - net




                                                          82
Page 265
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

        PT BANK QNB INDONESIA TBK                                              PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                        As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                              unless otherwise stated)


14. Aset Tetap dan Aset Hak Guna (lanjutan)                            14. Fixed Assets          and     Right-of-Use        Assets
                                                                           (continued)
    Aset hak guna per 31 Desember 2024 dan 2023                            Right-of-use assets as of December 31, 2024 and
    adalah sebagai berikut: (lanjutan)                                     2023 as follows: (continued)

                                                                2023
                             Saldo awal/                                              Saldo akhir/
                             Beginning        Penambahan/          Pengurangan/         Ending
                              balance           Addition            Deductions          balance
    Biaya perolehan:                                                                                                           Cost:
     Gedung                       175.703                   -               (8.621)         167.082                      Buildings
     Kendaraan bermotor             3.181                   -                 (461)           2.720                      Vehicles
     Lainnya                       16.781                   -                    -           16.781                        Others
                                  195.665                   -               (9.082)         186.583
    Akumulasi penyusutan:                                                                                Accumulated depreciation:
     Gedung                        (64.712)         (18,735)                4.957            (78.490)                  Buildings
     Kendaraan bermotor               (881)            (747)                    -             (1.628)                  Vehicles
     Lainnya                        (9.391)          (4.254)                    -            (13.645)                    Others
                                   (74.984)         (23.736)                4.957            (93.763)

    Nilai buku - neto             120.681                                                    92.820                Book value - net


15. Aset Takberwujud                                                   15. Intangible Assets

   Aset tak berwujud pada tanggal 31 Desember 2024                        Intangible assets as of December 31, 2024 and 2023
   dan 2023 adalah sebagai berikut:                                       are as follows:
                                                                  2024

                             Saldo awal/                                              Saldo akhir/
                             Beginning        Penambahan/          Pengurangan/         Ending
                              balance           Addition            Deductions          balance
    Biaya perolehan:                                                                                                          Cost:
     Perangkat lunak              105.828            4.178                        -         110.006                      Software
     Lisensi penggunaan
        perangkat lunak             58.583           8.120                        -          66.703               Software license
                                  164.411           12.298                        -         176.709
    Akumulasi amortisasi:                                                                                Accumulated amortization:
     Perangkat lunak               (62.883)          (8.039)                      -          (70.922)                  Software
     Lisensi penggunaan
        perangkat lunak            (41.636)          (3.602)                      -          (45.238)             Software license
                                  (104.519)         (11.641)                      -        (116.160)
    Nilai buku - neto               59.892                                                   60.549                Book value - net

                                                                  2023
                             Saldo awal/                                              Saldo akhir/
                             Beginning        Penambahan/          Pengurangan/         Ending
                              balance           Addition            Deductions          balance

    Biaya perolehan:                                                                                                          Cost:
     Perangkat lunak                94.467          11.659                   (298)          105.828                      Software
     Lisensi penggunaan
        perangkat lunak             55.590           3.001                      (8)          58.583               Software license
                                  150.057           14.660                   (306)          164.411

    Akumulasi amortisasi:                                                                                Accumulated amortization:
     Perangkat lunak               (55.316)          (7.623)                   56            (62.883)                  Software
     Lisensi penggunaan
        perangkat lunak            (37.593)          (4.051)                     8           (41.636)             Software license

                                   (92.909)         (11.674)                   64          (104.519)
    Nilai buku - neto               57.148                                                   59.892                Book value - net


    Beban amortisasi yang dibebankan dalam beban                           Amortization expense charged to general and
    umum dan administrasi sejumlah Rp11.641 dan                            administrative expenses amounted to Rp11,641 and
    Rp11.674 untuk tahun 2024 dan 2023 (Catatan 32).                       Rp11,674 for the year 2024 and 2023 (Note 32).
                                                        83
Page 266
                                                                           The original financial statements included herein are in
                                                                                                         the Indonesian language.

        PT BANK QNB INDONESIA TBK                                            PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                      As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


15. Aset Takberwujud (lanjutan)                                   15. Intangible Assets (continued)

    Pada tanggal 31 Desember 2024 dan 2023, aset                         As of December 31, 2024 and 2023, fixed assets
    takberwujud yang telah diamortisasi penuh dan                        that have been fully depreciated yet still being used
    masih    digunakan   masing-masing    sejumlah                       amounted to Rp78,125 and Rp74,198, respectively.
    Rp78.125 dan Rp74.198.

    Pada tanggal 31 Desember 2024 dan 2023, seluruh                      As of December 31, 2024 and 2023, all intangible
    aset tak berwujud tidak mengalami penurunan nilai.                   assets are not impaired.

16. Agunan yang Diambil Alih                                      16. Foreclosed Assets

    Rincian dalam akun ini adalah:                                       Details are as follows:

                                               2024               2023
    Agunan yang diambil alih                      271.237           285.735                                   Foreclosed assets
    Cadangan kerugian penurunan nilai             (35.196)          (35.319)                    Allowance for impairment losses
    Total                                         236.041           250.416                                                Total


    Perubahan cadangan kerugian penurunan nilai                          The changes in allowance for impairment losses on
    agunan yang diambil alih selama tahun berjalan                       foreclosed assets during the year are as follows:
    adalah sebagai berikut:

                                               2024               2023
    Saldo awal tahun                               35.319            71.020                           Balance beginning of year
    Pemulihan selama tahun berjalan                  (123)          (35.701)                           Reversal during the year
    Saldo akhir tahun                              35.196            35.319                                Balance end of year


    Pada tanggal 31 Desember 2024 dan 2023, Bank                         On December 31, 2024 and 2023, the Bank owned
    memiliki bank garansi dari pihak berelasi yaitu Qatar                a bank guarantee from Qatar National Bank
    National Bank (Q.P.S.C) untuk menutupi                               (Q.P.S.C.), a related party, the bank guarantee will
    kemungkinan kerugian terhadap risiko kerugian atas                   cover potential losses in case of the reduction of the
    penurunan nilai dari penjualan aset yang diambil alih                foreclosed asset value from sales of foreclosed
    dengan nilai dari bank garansi tersebut masing-                      assets with value of the bank guarantee is
    masing adalah Rp179.380 dan Rp218.883. Bank                          Rp179,380 and Rp218,883. This bank guarantee
    garansi ini akan digunakan oleh Bank dengan cara                     will be used by Bank to make claims to Qatar
    mengajukan klaim kepada Qatar National Bank                          National Bank (Q.P.S.C) amounting to the
    (Q.P.S.C) sejumlah selisih antara nilai buku dari                    difference between book value of the foreclosed
    aset yang diambil alih yang tercatat pada                            asset in December 31, 2018 and its sales price after
    31 Desember 2018 dengan harga jual setelah                           related costs. Multiple claims can be made with
    dikurangi biaya-biaya penjualan. Pengajuan klaim                     aggregate amount should not exceed value of bank
    dapat dilakukan lebih dari sekali dengan jumlah                      guarantee. On December 31, 2024, the Bank has
    agregat tidak melebihi nilai dari bank garansi. Pada                 received an addendum of the bank guarantee
    tanggal 31 Desember 2024, Bank menerima                              agreement with Qatar National Bank (Q.P.S.C)
    addendum perjanjian bank garansi dengan Qatar                        which is valid until June 30, 2025.
    National Bank (Q.P.S.C) yang berlaku sampai
    dengan 30 Juni 2025.

    Pada tanggal 31 Desember 2024 dan 2023, nilai                        As of December 31, 2024 and 2023, the carrying
    tercatat agunan yang diambil alih (AYDA) masing-                     value of foreclosed assets amounted to Rp271,237
    masing adalah sebesar Rp271.237 dan Rp285.735.                       and Rp285,735, respectively. Meanwhile, as of
    Sedangkan pada tanggal 31 Desember 2024 dan                          December 31, 2024 and 2023, the fair value of
    2023, nilai wajar agunan yang diambil alih masing-                   foreclosed assets amounted to Rp340,803 and
    masing sebesar Rp340.803 dan Rp360.807.                              Rp360,807, respectively.




                                                             84
Page 267
                                                                         The original financial statements included herein are in
                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


16. Agunan yang Diambil Alih (lanjutan)                          16. Foreclosed Assets (continued)

    Sepanjang tahun 2024 dan 2023, Bank telah                        During 2024 and 2023, the Bank has sold foreclosed
    melakukan penjualan agunan yang diambil alih                     assets with a net value amounting to Rp14,374 and
    dengan nilai bersih masing-masing sebesar                        Rp414,630, respectively.
    Rp14.374 dan Rp414.630.

    Manajemen Bank berkeyakinan bahwa cadangan                       The Bank’s management believes that the
    kerugian penurunan nilai yang telah dibentuk cukup               allowance for impairment losses is adequate to
    untuk menutup kemungkinan kerugian atas agunan                   cover possible losses on foreclosed assets.
    yang diambil alih.

    Penilaian nilai wajar atas tanah dan bangunan untuk              The fair value valuations of land and building for the
    tanggal yang berakhir 31 Desember 2024 dan 2023                  years ended December 31, 2024 and 2023 are
    dilakukan masing-masing oleh penilai independen                  perfomed by the following external independent
    eksternal Kantor Jasa Penilai Publik (“KJPP”)                    appraiser, Office of Public Appraisal Service
    Firman, Suryantoro, Sugeng, Suzy, Hartomo &                      (“KJPP”) Firman, Suryantoro, Sugeng, Suzy,
    Rekan dan Penilai Internal.                                      Hartomo & Rekan and Internal Appraiser.

    Nilai wajar untuk tujuan pengukuran pengakuan                    The fair values for the purposes of the measurement
    awal dan pengukuran setelah pengakuan awal                       at initial recognition and the measurement
    (Catatan 2q) agunan yang diambil alih dinilai oleh               subsequent to the initial recognition (Note 2q) of
    KJPP, penilai properti independen eksternal, yang                foreclosed assets were determined by KJPP, an
    memenuhi       kualifikasi    profesional     dan                external independent property appraiser, who fulfills
    berpengalaman di lokasi dan kategori aset yang                   the professional qualifications and experience in the
    dinilai.                                                         location and category of the assets being valued.

    Penilaian dilakukan berdasarkan Standar Penilaian                Valuations are performed based on Indonesian
    Indonesia (SPI 2018) untuk tujuan pelaporan                      Valuation Standards (SPI 2018) for the purposes of
    keuangan. Nilai wajar ditentukan dengan                          financial reporting. Fair values are determined using
    menggunakan hirarki dan input-input yang                         the following hierarchy of input used in the valuation
    digunakan dalam teknis penilaian untuk aset non-                 techniques for non-financial assets:
    keuangan:

    -   Tingkat 1: Input yang berasal dari harga                     -    Level 1: Inputs that are quoted prices
        kuotasian (tanpa penyesuaian) dalam pasar                         (unadjusted) in active markets for identical
        aktif untuk aset yang identik.                                    assets.
    -   Tingkat 2: Input selain harga kuotasian pasar                -    Level 2: Inputs other than quoted market price
        dalam level 1 yang dapat diobservasi baik                         included in level 1 that are observable either
        secara langsung maupun tidak langsung.                            directly or indirectly.
    -   Tingkat 3: Input yang tidak dapat diobservasi.               -    Level 3: Inputs that are unobservable.

    Nilai wajar adalah berdasarkan pendekatan data                   The fair values are based on market data approach
    pasar dengan membandingkan harga-harga aset                      by comparing observable market prices of similar
    yang serupa yang dapat diobservasi. Harga pasar                  assets. Market prices in close proximity are adjusted
    yang paling mendekati disesuaikan dengan                         for differences in key attributes such as: land and
    perbedaan atribut-atribut utama, seperti: ukuran                 buildings size, location, occupancy rate, physical
    tanah dan bangunan, lokasi, tingkat hunian, kondisi              conditions, depreciation factors and replacement
    fisik, faktor depresiasi dan biaya penggantian.                  costs. These fair value measurement also considers
    Pengukuran nilai wajar juga mempertimbangkan                     highest and best use of the asset being valued.
    penggunaan tertinggi dan terbaik (highest and best
    use) dari aset yang dinilai.

    Selama tahun 2024 dan 2023, pengukuran nilai                     During 2024 and 2023, the above fair value
    wajar di atas dikategorikan sebagai nilai wajar Level            measurement has been categorized as a Level 2 fair
    2 berdasarkan input-input dalam teknik penilaian                 value based on the inputs to the valuation technique
    yang digunakan.                                                  used.




                                                            85
Page 268
                                                                                     The original financial statements included herein are in
                                                                                                                   the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                      PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                                As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                      unless otherwise stated)


17. Aset Lain-lain - neto                                                  17. Other Assets - net

    Aset lain-lain terdiri atas:                                                  Other assets consists of:

                                                     2024                  2023
    Piutang bunga                                        81.535                 173.378                                Interest receivable
    Tagihan atas transaksi agunan                                                                             Receivables from foreclosed
       yang diambil alih                                    9.246                55.944                            asset transactions
    Setoran jaminan                                         6.819                 6.818                                 Security deposits
    Properti terbengkalai                                   6.543                 6.543                              Abandoned property
    Lain-lain                                               5.368                13.277                                            Others
    Total                                               109.511                 255.960                                                Total


18. Liabilitas Segera                                                      18. Liabilities Payable on Demand

    Liabilitas segera terdiri atas:                                               Liabilities payable on demand consists of:

                                                     2024                  2023
    Utang pajak                                           9.073                   4.517                                       Tax payables
    Lain-lain                                            11.949                   8.038                                             Others
    Total                                                21.022                  12.555                                                Total


19. Simpanan dari Nasabah                                                  19. Deposits from Customers
                                                                         2024

                                               Pihak berelasi/      Pihak ketiga/
                                               Related parties      Third parties          Total

    Rupiah                                                                                                                             Rupiah
     Giro                                               1.659              197.494            199.153                     Demand deposits
     Tabungan                                             596              371.246            371.842                      Saving deposits
     Deposito berjangka dan deposito on call              423            2.950.396          2.950.819     Time deposits and on call deposits

                                                        2.678            3.519.136          3.521.814

    Valuta asing                                                                                                          Foreign currencies
     Giro                                              15.276            1.407.425          1.422.701                     Demand deposits
     Deposito berjangka dan deposito on call           80.475            2.316.888          2.397.363     Time deposits and on call deposits

                                                       95.751            3.724.313          3.820.064

    Total                                              98.429            7.243.449          7.341.878                                  Total


                                                                         2023

                                               Pihak berelasi/      Pihak ketiga/
                                               Related parties      Third parties          Total

    Rupiah                                                                                                                             Rupiah
     Giro                                               1.661              254.447            256.108                     Demand deposits
     Tabungan                                             342              439.917            440.259                      Saving deposits
     Deposito berjangka dan deposito on call                -            3.212.738          3.212.738     Time deposits and on call deposits

                                                        2.003            3.907.102          3.909.105

    Valuta asing                                                                                                          Foreign currencies
     Giro                                              15.378              499.052            514.430                     Demand deposits
     Deposito berjangka dan deposito on call           62.764            1.852.904          1.915.668     Time deposits and on call deposits

                                                       78.142            2.351.956          2.430.098

    Total                                              80.145            6.259.058          6.339.203                                  Total




                                                                    86
Page 269
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                         PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                   As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


19. Simpanan dari Nasabah (lanjutan)                                         19. Deposits from Customers (continued)

    Saldo deposito berjangka dan deposito on call                                   The amount of time deposits and on call deposits
    berdasarkan periodenya:                                                         based on period:
                                             2024                                               2023

                                             Valuta                                             Valuta
                                             asing/                                             asing/
                                            Foreign                                            Foreign
                              Rupiah       currencies           Total        Rupiah           currencies    Total

   Kurang dari 1 bulan         1.044.716     1.249.137          2.293.853       788.652         1.138.294   1.926.946           Less than 1 month
   > 1 - 3 bulan               1.153.641       895.706          2.049.347     1.127.229           498.791   1.626.020              > 1 - 3 months
   > 3 - 6 bulan                 425.549        53.570            479.119       708.876            66.370     775.246              > 3 - 6 months
   > 6 - 12 bulan                246.913        52.088            299.001       516.481            59.031     575.512             > 6 - 12 months
   On call                        80.000       146.862            226.862        71.500           153.182     224.682                      On call

   Total                       2.950.819     2.397.363          5.348.182     3.212.738         1.915.668   5.128.406                       Total



    Pada tanggal 31 Desember 2024 dan 2023, jumlah                                  As of December 31, 2024 and 2023, time deposits
    deposito yang dijadikan sebagai jaminan kredit yang                             pledged as loan collateral amounted to Rp377,036
    diberikan   adalah      masing-masing      sebesar                              and Rp16,100, respectively (Note 11).
    Rp377.036 dan Rp16.100 (Catatan 11).

    Informasi mengenai suku bunga simpanan dari                                     Information in respect of interest rate of deposits
    nasabah diungkapkan pada Catatan 3b. Informasi                                  from customers is disclosed in Note 3b. Information
    mengenai jatuh tempo simpanan dari nasabah                                      in respect of maturities of deposits from customers
    diungkapkan pada Catatan 3c. Informasi mengenai                                 is disclosed in Note 3c. Information regarding the
    klasifikasi dan nilai wajar simpanan dari nasabah                               classification and fair value of deposits from
    diungkapkan pada Catatan 34. Simpanan dari pihak                                customers is disclosed in Note 34. Deposits from
    berelasi diungkapkan pada Catatan 35.                                           related parties are disclosed in Note 35.

    Informasi mengenai simpanan dari nasabah yang                                   Information regarding the currency type of deposits
    diberikan berdasarkan jenis mata uang diungkapkan                               from customers is disclosed in Note 37.
    pada Catatan 37.

20. Simpanan dari Bank Lain                                                  20. Deposits from Other Banks

                                                         2024                2023
    Rupiah                                                                                                                          Rupiah
     Pihak berelasi                                                                                                      Related Parties
       Giro (Catatan 35)                                        574                   276                     Demand deposits (Note 35)
     Pihak ketiga                                                                                                            Third parties
       Giro                                                         4                     4                           Demand deposits
                                                                578                   280
    Mata Uang Asing                                                                                                       Foreign Currencies
     Pihak berelasi                                                                                                           Related Parties
       Interbank Call Money                                321.900                        -                             Interbank Call Money
     Pihak ketiga                                                                                                                 Third parties
       Giro                                                       13                1.552                                   Demand deposits
                                                           321.913                  1.552

    Total                                                  322.491                  1.832                                                  Total




                                                                        87
Page 270
                                                                                                   The original financial statements included herein are in
                                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                                 PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                           As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                 unless otherwise stated)


20. Simpanan dari Bank Lain (lanjutan)                                               20. Deposits from Other Banks (continued)

    Informasi mengenai suku bunga simpanan dari bank                                          Information in respect of interest rate of deposits
    lain diungkapkan pada Catatan 3b. Informasi                                               from other banks is disclosed in Note 3b. Information
    mengenai jatuh tempo simpanan dari bank lain                                              in respect of maturities of deposits from other banks
    diungkapkan pada Catatan 3c. Informasi mengenai                                           is disclosed in Note 3c. Information regarding the
    klasifikasi dan nilai wajar simpanan dari bank lain                                       classification and fair value of deposits from other
    diungkapkan pada Catatan 34. Simpanan dari pihak                                          banks is disclosed in Note 34. Deposits from related
    berelasi diungkapkan pada Catatan 35.                                                     parties are disclosed in Note 35.

    Informasi mengenai simpanan dari bank lain                                                Information regarding the currency type of deposits
    berdasarkan jenis mata uang diungkapkan pada                                              from other banks is disclosed in Note 37.
    Catatan 37.

21. Efek-efek yang Dijual dengan Janji Dibeli                                        21. Securities Sold                       Under      Agreements         to
    Kembali                                                                              Repurchase

    Efek-efek yang dijual dengan janji dibeli kembali                                         Securities sold under agreements to repurchase as
    pada tanggal 31 Desember 2024 dan 2023 sebagai                                            of December 31, 2024 and 2023 as follows:
    berikut:
                                                                                  2024

                                                                                                                                    Beban
                                                                                                                                 bunga yang
                                                           Rentang           Rentang                                 Nilai          belum
                          Efek yang           Nilai        tanggal            tanggal                             pembelian      direalisasi/      Nilai
     Nasabah/             mendasari/        nominal/      penjualan/      jatuh tempo/         Nilai jual/         kembali/      Unrealized      tercatat/
    Counterparty          Underlying        Nominal        Range of          Range of             Sale            Repurchase       interest      Carrying
                          securities        amount         sell date         due date           amount              amount        expense          value

   Bank Indonesia/   Obligasi pemerintah/                30 Des 2024/      6 Jan 2025/
   Bank Indonesia    Government bonds          100.000   Dec 30, 2024      Jan 6, 2025                   95.873         95.990            117           95.873


                                                                                  2023

                                                                                                                                    Beban
                                                                                                                                 bunga yang
                                                          Rentang                                                    Nilai          belum
                          Efek yang           Nilai        tanggal           Tanggal                              pembelian      direalisasi/      Nilai
     Nasabah/             mendasari/        nominal/      penjualan/      jatuh tempo/         Nilai jual/         kembali/      Unrealized      tercatat/
    Counterparty          Underlying        Nominal        Range of          Range of             Sale            Repurchase       interest      Carrying
                          securities        amount         sell date         due date           amount              amount        expense          value

   Bank Indonesia/   Obligasi pemerintah/              6 - 20 Des 2023/    3 - 17 Jan 2024/
   Bank Indonesia    Government bonds          390.000 Dec 6 - 20, 2023   Jan 3 - 17, 2024              385.051        386.565          1.514         385.051



22. Pajak Penghasilan                                                                22. Income Tax

    a.   Beban pajak penghasilan terdiri dari:                                                a.    The components of income tax expense are as
                                                                                                    follows:

                                                            2024                     2023
         Pajak kini                                                   -                             -                                            Current tax
         Pajak tangguhan                                        (30.722)                            -                                           Deferred tax
         Total                                                  (30.722)                            -                                                  Total


    b.   Berdasarkan Undang-Undang perpajakan di                                              b.    Under the Indonesian taxation laws, the Bank
         Indonesia,        Bank     menghitung        dan                                           submits tax returns on a self-assessment basis.
         melaporkan/menyetorkan pajak berdasarkan                                                   The Directorate General of Tax (DJP) may
         sistem self-assesment. Direktorat Jendral Pajak                                            assess or amend taxes within 5 (five) years
         (DJP) dapat menetapkan atau mengubah                                                       since the tax becomes due.
         liabilitas pajak dalam waktu 5 (lima) tahun sejak
         saat terutangnya pajak.




                                                                           88
Page 271
                                                                               The original financial statements included herein are in
                                                                                                             the Indonesian language.

        PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                       As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


22. Pajak Penghasilan (lanjutan)                                   22. Income Tax (continued)

    c.   Rekonsiliasi antara rugi sebelum manfaat pajak                   c.    The reconciliation between loss before income
         penghasilan yang disajikan dalam laporan laba                          tax benefit as presented in the statement profit
         rugi dan penghasilan komprehensif lain dengan                          or loss and other comprehensive income and
         rugi kena pajak untuk tahun yang berakhir pada                         taxable     loss   for    the    year   ended
         tanggal-tanggal 31 Desember 2024 dan 2023                              December 31, 2024 and 2023, is as follows:
         adalah sebagai berikut:

                                               2024                2023
         Laba sebelum beban                                                                                   Profit before income
           pajak penghasilan                      86.410              69.249                                        tax expenses

         Beda waktu:                                                                                           Timing differences:
         Cadangan kerugian penurunan                                                                Allowance for impairment losses
            nilai kredit                         (34.329)            111.303                                             on loans
         Cadangan kerugian penurunan lainnya          (8)               (408)                 Other allowance for impairment losses
         Bonus dan tunjangan yang
            masih harus dibayar                   (9.691)             13.574                        Accrued bonus and allowances
         Imbalan pasca-kerja                      10.813                (370)                          Post-employment benefits
         Penyusutan aset hak guna dan                                                        Depreciation of right-of-use assets and
            beban bunga liabilitas sewa               6.800               7.696                 interest expense of lease liability
         Cadangan kerugian penurunan                                                           Allowance for impairment losses on
            nilai agunan yang diambil alih            (123)          (35.701)                                    foreclosed assets
         Penyusutan aset tetap dan                                                                 Depreciation of fixed assets and
            amortisasi aset takberwujud            (2.827)             (4.777)                   amortization of intangible assets
                                                 (29.365)             91.317
         Beda tetap                                                                                         Permanent differences
         Bentuk natura dan kenikmatan                   25                 19                                      Benefits in kind
         Lain-lain                                       1             (1.254)                                              Others
                                                        26             (1.235)
         Laba kena pajak                          57.071             159.331                                        Taxable income
         Akumulasi rugi fiskal tahun                                                                       Prior year’s accumulated
            sebelumnya                         (2.546.239)         (2.705.570)                              tax loss carry forward
         Penyesuaian pemeriksaan pajak:                                                                       Tax audit adjustment:
            Tahun 2019                           107.970                        -                                       Year 2019
            Tahun 2020                            54.918                        -                                       Year 2020
         Rugi fiskal jatuh tempo                       -                        -                                   Tax loss expired
         Total rugi fiskal                     (2.326.280)         (2.546.239)                                      Total fiscal loss


         Perhitungan Pajak Penghasilan Badan untuk                              The calculations of Corporate Income Tax for
         tahun yang berakhir tanggal 31 Desember 2024                           the year ended December 31, 2024 are
         adalah estimasi untuk pengisian SPT Tahunan                            estimated numbers for 2024 Annual Tax Return
         2024 dan perhitungan Pajak Penghasilan                                 and 2023 Corporate Income Tax which conform
         Badan 2023 adalah sesuai dengan SPT                                    to the Bank’s Annual Tax Return.
         Tahunan Bank.




                                                              89
Page 272
                                                                                   The original financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                 PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                           As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


22. Pajak Penghasilan (lanjutan)                                       22. Income Tax (continued)

    d.   Rekonsiliasi antara hasil perkalian rugi sebelum                     d.     The reconciliation between loss before income
         beban pajak penghasilan dengan tarif pajak                                  tax expense multiplied by the prevailing tax rate
         yang berlaku dan manfaat pajak penghasilan                                  and income tax benefit are as follows:
         adalah sebagai berikut:

                                                2024                   2023
         Laba sebelum beban                                                                                                     Profit before
            pajak penghasilan                       86.410                 69.249                                       income tax benefit
         Tarif pajak yang berlaku                     22%                    22%                                           Prevailing tax rate
                                                   (19.010)               (15.235)
         Beda permanen dengan tarif pajak 22%           (6)                   272                Permanent differences at 22% tax rate
         Dampak aset pajak tangguhan
           yang diakui                             (11.756)                14.963              Impact of recognized deferred tax assets
         Beban pajak                               (30.772)                         -                                Income tax expenses


    e.   Rincian aset pajak tangguhan pada tanggal                            e.     The details of the deferred tax assets as of
         31 Desember 2024 dan 2023 adalah sebagai                                    December 31, 2024 and 2023, are as follows:
         berikut:

                                                                        Diakui pada
                                                                       penghasilan
                                                                      komprehensif
                                                 Diakui pada         lain/Recognized
                                                  laba rugi/              in other
                                                Recognized in        comprehensive
                                    2023        profit or loss         loss income             2024

     Aset (liabilitas) pajak
      tangguhan:                                                                                              Deferred tax assets (liabilities):
      Liabilitas imbalan                                                                                                  Post-employment
         pasca-kerja                  14.781             2.379                     (497)           16.663              benefits obligation
      Cadangan kerugian
         penurunan nilai                                                                                           Allowance for impairment
         nilai aset keuangan          86.956             (7.552)                        -          79.404       losses on financial assets
      Bonus dan tunjangan
         yang masih                                                                                                          Accrued bonus
         harus dibayar                 6.287             (2.132)                        -             4.155               and allowance
      Selisih nilai buku aset                                                                                 Differences in net book value
         tetap, aset hak guna                                                                                of fixed assets, right-of-use
         dan aset tak berwujud                                                                              assets and intangible assets
         antara dasar pengenaan                                                                                         between tax and
         pajak dan akuntansi           4.736                873                         -             5.609            accounting bases
      Cadangan kerugian
         penurunan nilai agunan                                                                                    Allowance for impairment
         yang diambil alih             7.770                 (27)                       -             7.743   losses on foreclosed assets
      Rugi belum direalisasi
         dari perubahan nilai                                                                                           Unrealized loss from
         wajar efek-efek yang                                                                                     changes in fair value of
         tersedia untuk dijual             18                    -                  39                   57   available-for-sale securities
      Kerugian pajak tahun
         berjalan                    159.802            (24.311)                        -         135.491                   Current tax loss
      Cadangan kerugian                                                                                                 Other Allowance for
         penurunan lainnya                 4                  (2)                       -                 2            impairment losses

     Aset pajak tagguhan - neto      280.354            (30.772)                   (458)          249.124            Deferred tax assets - net




                                                              90
Page 273
                                                                                   The original financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                 PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                           As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


22. Pajak Penghasilan (lanjutan)                                        22. Income Tax (continued)

    e.   Rincian aset pajak tangguhan pada tanggal 31                        e.      The details of the deferred tax assets as of
         Desember 2024 dan 2023 adalah sebagai                                       December 31, 2024 and 2023, are as follows:
         berikut: (lanjutan)                                                         (continued)

                                                                         Diakui pada
                                                                        penghasilan
                                                                       komprehensif
                                                  Diakui pada         lain/Recognized
                                                   laba rugi/              in other
                                                 Recognized in        comprehensive
                                    2022         profit or loss         loss income            2023

     Aset (liabilitas) pajak
       tangguhan:                                                                                             Deferred tax assets (liabilities):
       Liabilitas imbalan                                                                                                 Post-employment
           pasca-kerja                14.976                 (83)                  (112)           14.781              benefits obligation
       Cadangan kerugian
           penurunan nilai                                                                                         Allowance for impairment
           nilai aset keuangan        73.685             13.271                       -            86.956       losses on financial assets
       Bonus dan tunjangan
           yang masih                                                                                                        Accrued bonus
           harus dibayar              10.937              (4.650)                     -               6.287               and allowanes
       Selisih nilai buku aset                                                                                Differences in net book value
           tetap, aset hak guna                                                                              of fixed assets, right-of-use
           dan aset tak berwujud                                                                            assets and intangible assets
           antara dasar pengenaan                                                                                       between tax and
           pajak dan akuntansi        13.417              (8.681)                                     4.736            accounting bases
       Cadangan kerugian
           penurunan nilai agunan                                                                                  Allowance for impairment
           yang diambil alih          15.625              (7.855)                     -               7.770   losses on foreclosed assets
       Rugi belum direalisasi
           dari perubahan nilai                                                                                         Unrealized loss from
           wajar efek-efek yang                                                                                   changes in fair value of
           tersedia untuk dijual      (7.948)                     -               7.966                  18   available-for-sale securities
       Kerugian pajak tahun
           berjalan                  150.944              8.858                       -           159.802                   Current tax loss
       Cadangan kerugian                                                                                                Other Allowance for
           penurunan lainnya               864             (860)                      -                   4            impairment losses

     Aset pajak tagguhan - neto      272.500                      -               7.854           280.354            Deferred tax assets - net



    f.   Manajemen Bank berkeyakinan bahwa seluruh                           f.      The Bank’s management believes that total
         aset pajak tangguhan diatas kemungkinan                                     deferred tax assets above are probable to be
         besar dapat direalisasi pada tahun-tahun                                    realized in the future years.
         mendatang.

    g.   Pada tanggal 31 Desember 2024 dan 2023,                             g.      As of December 31, 2024 and 2023, the Bank
         Bank memiliki akumulasi rugi fiskal untuk tahun                             has tax loss carryforwards for fiscal years 2024
         2024 dan 2023 sebesar Rp2.326.280 dan                                       and 2023 amounting to Rp2,326,280 and
         Rp2.546.239 yang akan berakhir di tahun                                     Rp2,546,239 which will expire between 2024 -
         antara 2024 - 2027.                                                         2027.

    h.   Pada tanggal 31 Desember 2024, aset pajak                           h.      As of December 31, 2024, deferred tax asset on
         tangguhan atas rugi fiskal yang belum                                       tax loss carryforwards amounted to Rp135,491
         dikompensasi sebesar Rp135.491 diakui                                       have been recognized because future taxable
         karena laba fiskal pada masa mendatang akan                                 profits will be available against which the Bank
         tersedia untuk dikompensasi dimana Bank bisa                                can utilize the benefits there from.
         memanfaatkan keuntungan dari hal ini.




                                                             91
Page 274
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                    PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                              As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


22. Pajak Penghasilan (lanjutan)                             22. Income Tax (continued)

    Audit Pajak Tahun 2019                                       Tax Audit Year 2019

    Pada tanggal 23 September 2023, Direktorat                   On September 23, 2023, the Directorate General of
    Jenderal Pajak (“DJP”) menerbitkan surat                     Taxes (“DJP”) has issued a notification letter of tax
    pemberitahuan pemeriksaan lapangan untuk tahun               audit for year 2019 to Bank. DJP based on the Tax
    pajak 2019 kepada Bank. Atas pemeriksaan                     Assessment Letter (“SKP”) and Tax Collection
    tersebut, DJP berdasarkan Surat Ketetapan Pajak              Letter (“STP”) dated May 20, 2024, assign the
    ("SKP") dan Surat Tagihan Pajak ("STP") tanggal              underpayment of tax with following details:
    20 Mei 2024, menetapkan kekurangan pembayaran
    pajak dengan rincian sebagai berikut:

    - STP Pajak Pertambahan Nilai (“PPN”) sebesar                - STP Value Added Tax (“VAT”) amounting to
      Rp4.911;                                                     Rp4,911;
    - SKP Pajak Pertambahan Nilai (“PPN”) sebesar                - SKP Value Added Tax (“VAT”) amunting to
      Rp70.556;                                                    Rp70,556;
    - SKP Pajak Penghasilan Badan sebesar                        - SKP Corporate Income Tax amounting to
      Rp107.970.                                                   Rp107,970.

    Atas audit pajak tahun 2019, Bank telah melakukan            For tax audit year 2019, the Bank has made full
    pembayaran penuh atas STP PPN sebesar Rp4.911                payment for STP VAT amounting to Rp4,911 on
    pada tanggal 12 Juni 2024 dan dicatat sebagai                June 12, 2024 and recorded as part of prepayments
    bagian dari beban dibayar dimuka (Catatan 13)                (Note 13) while the SKP VAT amounting to
    sedangkan SKP PPN sebesar Rp70.556 belum                     Rp70,556 has not been paid by the Bank. The Bank
    dilakukan pembayaran oleh Bank. Bank telah                   has been submitted an Objection Letter regarding
    mengirimkan Surat Keberatan Pajak kepada Kantor              the result of tax audit to the Tax Office on August 7,
    Pajak atas hasil dari audit pajak tersebut pada              2024. As of the completion date of the financial
    tanggal 7 Agustus 2024. Hingga tanggal                       statements, the Bank has not received the decision
    penyelesaian laporan keuangan, Bank belum                    on the Objection from the Tax Office.
    menerima hasil keberatan dari Kantor Pajak.

    Atas SKP Pajak Penghasilan Badan sebesar                     For the SKP Corporate Income Tax amounting to
    Rp107.970   telah   dikompensasikan   dengan                 Rp107,970 has been compensated to tax loss
    akumulasi rugi fiskal sehingga tidak ada                     carried forward, therefore there is no tax payment
    pembayaran pajak yang       dilakukan untuk                  paid by the Bank to the Tax Office related to the
    pembayaran atas koreksi SKP Pajak Penghasilan                amendment of SKP Corporate Income Tax.
    Badan.

    Audit Pajak Tahun 2020                                       Tax Audit Year 2020

    Pada tanggal 7 Agustus 2023, DJP menerbitkan                 On August 7, 2023, the DJP issued a notification
    Surat Pemberitahuan Pemeriksaan Lapangan untuk               letter of tax audit for year 2020 to the Bank.
    tahun pajak 2020 kepada Bank. Atas pemeriksaan               Directorate General of Taxes based on SKP and
    pajak tersebut, DJP berdasarkan SKP dan STP                  STP dated November 22, 2024, assign the tax
    tanggal   22     November   2024 menetapkan                  underpayment with the following details:
    kekurangan pembayaran pajak dengan rincian
    sebagai berikut:

    -   SKP PPh sebesar Rp276;                                   -   SKP PPh amounting to Rp276;
    -   STP PPN sebesar Rp7.655;                                 -   STP VAT amounting to Rp7,655;
    -   SKP PPN sebesar Rp109.323;                               -   SKP VAT amounting to Rp109,323;
    -   SKP Pajak Penghasilan Badan          sebesar             -   SKP Corporate Income Tax amounting to
        Rp54.918.                                                    Rp54,918.




                                                        92
Page 275
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

         PT BANK QNB INDONESIA TBK                                     PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                               As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                     unless otherwise stated)


22. Pajak Penghasilan (lanjutan)                               22. Income Tax (continued)

    Audit Pajak Tahun 2020 (lanjutan)                              Tax Audit Year 2020 (continued)

    Atas audit pajak tahun 2020, Bank telah melakukan              For tax audit year 2020, the Bank has made full
    pembayaran penuh atas SKP PPh dan STP PPN                      payment for SKP PPh and STP VAT amounting to
    masing-masing sebesar Rp276 dan Rp7.655 pada                   Rp276 and Rp7,655 on December 12, 2024,
    tanggal 12 Desember 2024 dan dicatat masing-                   respectively and recorded as part of other operating
    masing sebagai bagian dari beban operasional                   expenses and prepayments (Note 13), respectively,
    lainnya dan beban dibayar dimuka (Catatan 13)                  while the SKP VAT amounting to Rp109,323 has
    sedangkan SKP PPN sebesar Rp109.323 sudah                      been partially paid amounting to Rp103 by the Bank
    dibayarkan sebagian sebesar Rp103 dan dicatat                  and recorded as part of other operating expenses
    sebagai bagian dari beban operasional lainnya dan              and the remaining amounting to Rp109,220 has not
    sisanya sebesar Rp109.220 belum dilakukan                      been paid by the Bank. The Bank has been
    pembayaran oleh Bank. Bank telah mengirimkan                   submitted an Objection Letter regarding the result of
    Surat Keberatan Pajak kepada Kantor Pajak atas                 tax audit to the Tax Office on February 20, 2025. As
    hasil dari audit pajak tersebut pada tanggal 20                of the completion date of the financial statements,
    Februari 2025. Hingga tanggal penyelesaian                     the Bank has not received the decision on the
    laporan keuangan, Bank belum menerima hasil                    Objection from the Tax Office.
    keberatan dari Kantor Pajak.

    Atas SKP Pajak Penghasilan Badan sebesar                       For the SKP Corporate Income Tax amounting to
    Rp54.918   telah    dikompensasikan   dengan                   Rp54,918 has been compensated to tax loss carried
    akumulasi rugi fiskal sehingga tidak ada                       forward, therefore there is no tax payment paid by
    pembayaran pajak yang        dilakukan untuk                   the Bank to the Tax Office related to the amendment
    pembayaran atas koreksi SKP Pajak Penghasilan                  of SKP Corporate Income Tax.
    Badan.

    Peraturan Menteri Keuangan (PMK) No. 74                        Minister of Finance Regulation (PMK) No. 74

    Menteri Keuangan Republik Indonesia menerbitkan                The Minister of Finance of the Republic of
    Peraturan Menteri Keuangan (PMK) No. 74 pada                   Indonesia issued Minister of Finance Regulation
    tanggal 10 Oktober 2024. Berdasarkan peraturan                 (PMK) No. 74 on October 10, 2024. Based on this
    tersebut, Bank harus menghitung cadangan piutang               regulation, the Bank must calculate reserves for
    tak tertagih sesuai dengan batasan tertentu yang               bad debts in accordance with certain limits
    diatur di dalam PMK 74 mulai tanggal 1 Januari                 regulated in PMK 74 starting January 1, 2024. On
    2024. Pada tanggal 1 Januari 2024, terdapat selisih            January 1, 2024, there is a short value of reserves
    kurang nilai cadangan per fiskal sebesar                       per fiscal amounting to Rp354,922. In accordance
    Rp354.922. Sesuai dengan ketentuan di dalam PMK                with the provisions in PMK 74, the Bank decided
    74, Bank memutuskan untuk membebankan selisih                  to charge the excess in the 2025 income tax
    lebih tersebut di dalam pajak penghasilan tahun                calculation.
    2025.

23. Liabilitas Imbalan Kerja                                   23. Employment Benefits

    Imbalan Pasca Kerja                                            Post Employee Benefits

    Bank wajib memberikan imbalan pasca-kerja                      Bank is required to provide post-employment
    kepada karyawannya pada saat pemutusan                         benefits to its employees when their employment is
    hubungan kerja atau pada saat karyawan                         terminated or when they retire. These benefits are
    menyelesaikan masa kerjanya. Imbalan pasca-kerja               primarily based on years of service and the
    ini diberikan terutama berdasarkan masa kerja dan              employees’ compensation at termination or
    kompensasi karyawan pada saat pemutusan                        retirement. Provision of post-employment benefits
    hubungan kerja atau selesainya masa kerja.                     for Bank employees who join on and after
    Pemberian imbalan pasca-kerja kepada karyawan                  January 1, 2022 refers to the Job Creation Law
    Bank yang bergabung saat dan setelah                           No. 6/2023 and the accompaniying Government
    1 Januari 2022 mengacu pada Undang-Undang                      Regulation No.35/2021, while the provision of post-
    Cipta Kerja No. 6/2023 dan Peraturan Pemerintah                employment benefits for Bank employees who join
    No. 35/2021, sedangkan pemberian imbalan pasca                 before January 1, 2022 refers to Labor Law
    kerja kepada karyawan Bank yang bergabung                      No. 13/2013.
    sebelum 1 Januari 2022 mengacu pada Undang-
    Undang Ketenagakerjaan No. 13/2013.
                                                          93
Page 276
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                       PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                                 As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                       unless otherwise stated)


23. Liabilitas Imbalan Kerja (lanjutan)                                        23. Employment Benefits (continued)

    Imbalan jangka panjang lainnya                                                  Other long-term benefits

    Imbalan jangka panjang lainnya terdiri dari cuti                                Other long-term benefits consist of long service
    panjang dan tunjangan masa kerja jangka panjang.                                leave and long service allowance. The long service
    Program cuti panjang dikelola sendiri oleh Bank dan                             leave program is managed by the Bank itself and is
    merupakan program imbalan kerja bagi karyawan                                   an employee benefit program for employees to
    untuk penggantian hak cuti panjang.                                             reimburse long service leave rights.

    Tabel berikut menyajikan liabilitas imbalan kerja                               The following table summarizes the obligation for
    Bank yang tercatat di laporan posisi keuangan pada                              employment benefits of the Bank as recorded in the
    tanggal 31 Desember 2024 dan 2023, dan                                          statement of financial position as of December 31,
    perubahan liabilitas imbalan kerja dan beban yang                               2024 and 2023, and the movement in the obligation
    diakui dalam laporan laba rugi dan penghasilan                                  and expense recognized in the statement of profit or
    komprehensif lain untuk tahun yang berakhir tanggal                             loss and other comprehensive income for the years
    31 Desember 2024 dan 2023:                                                      ended December 31, 2024 and 2023:

                                                                      2024


                                         Imbalan       Manfaat cuti          Manfaat masa
                                       pasca kerja/     panjang/             kerja panjang/
                                     Post employment   Long leave            Long service
                                         benefits        benefit                 benefit           Total


                                                                                                                  Present value of obligation for
     Nilai kini liabilitas imbalan                                                                                     employment benefits,
        awal tahun                           59.415            7.772                          -        67.187          beginning of the year
     Diakui melalui laba atau rugi                                                                                  Recognized in profit or loss
        Beban jasa kini                      11.416            1.381                    281            13.078           Current service cost
        Beban atas kewajiban                  3.722              462                      -             4.184          Interest on obligation
        Pengukuran kembali atas
            imbalan jangka panjang                                                                                  Remeasurement of other
            lainnya                               -              109                          -            109          long-term benefit

                                             15.138            1.952                    281            17.371


     Diakui melalui pendapatan                                                                                            Recognized in other
        komprehensif lainnya                                                                                           comprehensive income
           Keuntungan aktuarial
           yang muncul dari                                                                                         Actuarial gain arising from
           penyesuaian pengalaman            (2.262)                  -                       -        (2.262)          experience adjusment
     Pembayaran imbalan kerja                                                                                               Payment of benefits
        selama tahun berjalan                (4.987)           (1.570)                        -        (6.557)               during the year

                                                                                                                   Present value of obligation
     Nilai kini liabilitas imbalan                                                                                for employement benefits,
        kerja akhir tahun                    67.304            8.154                    281            75.739                end of the year




                                                                  94
Page 277
                                                                                           The original financial statements included herein are in
                                                                                                                         the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                           PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                                     As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                           unless otherwise stated)


23. Liabilitas Imbalan Kerja (lanjutan)                                            23. Employment Benefits (continued)

    Imbalan jangka panjang lainnya (lanjutan)                                            Other long-term benefits (continued)

    Tabel berikut menyajikan liabilitas imbalan kerja                                    The following table summarizes the obligation for
    Bank yang tercatat di laporan posisi keuangan pada                                   employment benefits of the Bank as recorded in the
    tanggal 31 Desember 2024 dan 2023, dan                                               statement of financial position as of December 31,
    perubahan liabilitas imbalan kerja dan beban yang                                    2024 and 2023, and the movement in the obligation
    diakui dalam laporan laba rugi dan penghasilan                                       and expense recognized in the statement of profit or
    komprehensif lain untuk tahun yang berakhir tanggal                                  loss and other comprehensive income for the years
    31 Desember 2024 dan 2023: (lanjutan)                                                ended December 31, 2024 and 2023: (continued)

                                                                          2023

                                                Imbalan             Manfaat cuti
                                              pasca kerja/           panjang/
                                            Post employment         Long leave
                                                 benefit              benefit                         Total

                                                                                                                                 Present value of obligation for
    Nilai kini liabilitas                                                                                                               employment benefits,
        awal tahun                                      61.628                   6.438                    68.066                        beginning of the year
    Diakui melalui laba atau rugi                                                                                                    Recognized in profit or loss
        Beban jasa kini                                 11.261                   1.268                    12.529                         Current service cost
        Beban atas kewajiban                             3.663                     409                     4.072                        Interest on obligation

    Pengukuran kembali atas imbalan                                                                                                    Remeasurement of other
       jangka panjang lainnya                                 -                  1.236                        1.236                      long-term benefit

                                                        14.924                   2.913                    17.837
    Diakui melalui pendapatan                                                                                                               Recognized in other
        komprehensif lainnya                                                                                                          comprehensive income
        Keuntungan aktuarial                                                                                                                   Actuarial gain
        yang muncul dari:                                                                                                                       arising from:
           Penyesuaian pengalaman                          (508)                     -                         (508)                Experience adjustment
    Pembayaran imbalan kerja                                                                                                               Payments of benefits
        selama tahun berjalan                           (16.629)               (1.579)                   (18.208)                             during the year

    Nilai kini liabilitas imbalan kerja                                                                                        Present value of obligation for
        akhir tahun                                     59.415                   7.772                    67.187        employment benefits, end of the year



    Mutasi atas nilai kini liabilitas imbalan kerja untuk                                The movements in the present value of obligation for
    tahun     yang       berakhir       pada      tanggal                                employment benefit for the years ended
    31 Desember 2024 dan 2023:                                                           December 31, 2024 and 2023, are as follows:

                                                                              2024

                                          Imbalan          Manfaat cuti          Manfaat masa
                                        pasca kerja/        panjang/             kerja panjang/
                                      Post employment      Long leave            Long service
                                          benefits           benefit                 benefit                    Total


                                                                                                                                  Present value of obligation for
     Nilai kini liabilitas imbalan                                                                                                     employment benefits,
        awal tahun                            59.415               7.772                      -                        67.187          beginning of the year
        Beban jasa kini                       11.416               1.381                    281                        13.078           Current service cost
        Beban jasa lalu                            -                 109                      -                           109               Past service cost
        Beban atas kewajiban                   3.722                 462                      -                         4.184          Interest on obligation
        Pengukuran kembali atas                                                                                                   Remeasurement of defined
            program manfaat pasti             (2.262)                     -                       -                    (2.262)                   benefit plan
      Pembayaran kembali atas                                                                                                              Payment of benefits
            program manfaat pasti             (4.987)              (1.570)                        -                    (6.557)              during the year

                                                                                                                                   Present value of obligation
     Nilai kini liabilitas imbalan                                                                                                for employement benefits,
        kerja akhir tahun                     67.304               8.154                    281                        75.739                end of the year




                                                                      95
Page 278
                                                                                                The original financial statements included herein are in
                                                                                                                              the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                               PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                                         As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                               unless otherwise stated)


23. Liabilitas Imbalan Kerja (lanjutan)                                              23. Employment Benefits (continued)

    Mutasi atas nilai kini liabilitas imbalan kerja untuk                                    The movements in the present value of obligation for
    tahun     yang       berakhir       pada      tanggal                                    employment benefit for the years ended
    31 Desember 2024 dan 2023: (lanjutan)                                                    December 31, 2024 and 2023, are as follows:
                                                                                             (continued)

                                                                             2023

                                                Imbalan                   Manfaat cuti
                                              pasca kerja/                 panjang/
                                           Post employment                Long leave
                                                 benefit                    benefit                   Total

                                                                                                                                   Present value of obligation for
    Nilai kini liabilitas imbalan kerja,                                                                                                employment benefits,
     awal tahun                                           61.628                    6.438                 68.066                        beginning of the year
    Beban jasa kini                                       11.261                    1.268                 12.529                            Current service cost
    Beban jasa lalu                                            -                    1.236                  1.236                               Past service cost
    Beban atas kewajiban                                   3.663                      409                  4.072                           Interest on obligation
    Pengukuran kembali atas                                                                                                          Remeasurement of defined
     program manfaat pasti                                   (508)                       -                    (508)                               benefit plan
    Pembayaran imbalan kerja                                                                                                               Payments of benefits
     selama tahun berjalan                                (16.629)                (1.579)                (18.208)                              during the year

                                                                                                                                 Present value of obligation for
    Nilai kini liabilitas imbalan                                                                                                   for employment benefits,
     kerja akhir tahun                                    59.415                    7.772                 67.187                              end of the year



    Perhitungan liabilitas imbalan kerja dan imbalan                                         The calculation of obligation for employment
    jangka panjang lainnya pada tanggal 31 Desember                                          benefits and other long term benefits as of
    2024 dan 2023 masing-masing dilakukan oleh                                               December 31, 2024 and 2023 was performed by
    Santhi Devi & Ardianto Handoyo (dahulu Willis                                            Santhi Devi & Ardianto Handoyo and (formerly Willis
    Tower Watson) sebagai aktuaris independen                                                Towers Watson) as the independent actuary based
    berdasarkan laporannya masing-masing pada                                                on its reports dated February 11, 2025 and January
    tanggal 11 Februari 2025 dan 29 Januari 2024.                                            29, 2024, respectively. The obligation for
    Liabilitas imbalan pasti tersebut dihitung dengan                                        employment benefits are calculated using the
    menggunakan metode “Projected Unit Credit” dan                                           “Projected Unit Credit” method with the following
    asumsi-asumsi signifikan sebagai berikut:                                                assumptions:

                                                             2024                    2023

    Tingkat diskonto per tahun                                7,00%                    6,50%                                        Discount rate per annum
    Kenaikan gaji per tahun                                   6,00%                    5,00%                                      Salary increase per annum
    Usia pensiun                                      55 tahun/years           55 tahun/years                                                   Pension age
                                                     Tabel TMI 2019/          Tabel TMI 2019/
    Tingkat kematian                                 TMI 2019 Table           TMI 2019 Table                                                      Mortality rate


    Jumlah penyesuaian yang timbul pada liabilitas                                           The amounts of experience adjustments arising on
    program untuk tahun yang berakhir pada tanggal                                           the plan liabilities for the years ended
    31 Desember 2024 dan posisi tiga tahun                                                   31 December 2024 and previous three years are as
    sebelumnya adalah sebagai berikut (tidak diaudit):                                       follows (unaudited):

                                           2024                    2023                  2022                  2021

                                                                                                                                                Present value of
    Nilai kini liabilitas                    (67.304)                (59.415)                (61.628)                 (81.610)      defined benefits obligation

                                                                                                                                          Experience adjustment
    Penyesuaian liabilitas                        2.262                    508               10.288                    5.956                        on liability




                                                                            96
Page 279
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                    PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                              As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                    unless otherwise stated)


23. Liabilitas Imbalan Kerja (lanjutan)                                    23. Employment Benefits (continued)

    Sensitivitas dari liabilitas manfaat pasti terhadap                           The sensitivity of defined benefit obligation to
    perubahan asumsi aktuaria adalah sebagai berikut                              changes in the weighted assumptions are as follows
    (tidak diaudit):                                                              (unaudited):

                                                                           Dampak tehadap liabilitas manfaat pasti/
                                                                             Impact on defined benefit obligation
                                                                                                     2024                         2023
                                                                                                  Nilai kini                  Nilai kini
                                                                                                  liabilitas                  liabilitas
                                                                                                manfaat pasti/              manfaat pasti/
                                                        Perubahan asumsi/                      Present value of            Present value of
                                                       Change in assumption                   benefit obligation          benefit obligation
    Tingkat diskonto/                                   Kenaikan/Increase 1%                                 (3.761)                     (3.329)
    Discount rate                                      Penurunan/Decrease 1%                                  3.734                       3.653

    Tingkat kenaikan gaji/                              Kenaikan/Increase 1%                                  3.724                       3.673
    Salary increase rate                               Penurunan/Decrease 1%                                 (4.079)                     (3.407)


    Jatuh tempo dari liabilitas manfaat pasti yang tidak                          Expected maturity analysis of undiscounted defined
    terdiskonto pada tanggal 31 Desember 2024 dan                                 benefits obligation as of December 31, 2024 and
    2023 (tidak diaudit):                                                         2023 (unaudited):

                                                       2024                2023
    1 tahun                                                 5.919              5.623                                                     1 year
    >1-5 tahun                                             58.495             49.549                                                 >1-5 years
    >5-10 tahun                                            87.365             72.942                                                >5-10 years


24. Beban yang Masih Harus Dibayar dan Liabilitas                          24. Accruals and Other Liabilities
    Lain-lain
                                                       2024                2023
    LiabilItas sewa                                        96.797            106.636                                            Lease liabilities
    Beban operasional yang masih
       harus dibayar                                       75.219             68.610                            Accrued operational expense
    Liabilitas bunga                                       24.578             22.797                                       Interests payable
    Biaya bancassurance yang
       belum diamortisasi                                  18.182             21.818                         Unamortized bancassurance fee
    Kesejahteraan karyawan                                 17.900             25.893                                       Employee welfare
    Uang muka atas penjualan                                                                                      Down payment funds from
       agunan yang diambil alih                               3.800               3.806                        sales of foreclosed assets
    Setoran jaminan                                             258                 265                                     Security deposits
    Liabilitas lainnya*                                       2.649               4.545                                       Other liabilities*
    Total                                                 239.383            254.370                                                        Total


    *)   Liabilitas lainnya terdiri dari suspense account dan uang                *)    Other liabilities consist of suspense account and electronic
         elektronik.                                                                    money.




                                                                      97
Page 280
                                                                         The original financial statements included herein are in
                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


25. Modal Saham dan Dana Setoran Modal                          25. Share Capital and Advanced Capital

   Komposisi pemegang saham Bank pada tanggal                          The composition of the Bank’s shareholders as of
   31 Desember 2024 dan 2023 adalah sebagai                            December 31, 2024 and 2023, is as follows:
   berikut:

                                                        2024
                                                      Persentase
                                                     kepemilikan/
                                    Total saham/      Percentage
                                     Number of       of ownership
                                       shares             (%)               Total
   Qatar National Bank (Q.P.S.C.)   32.195.726.062             91,57          8.048.931            Qatar National Bank (Q.P.S.C.)
   Masyarakat (masing-masing
      di bawah 5%)                   2.962.322.303              8,43            740.581                   Public (each below 5%)

   Total                            35.158.048.365           100,00           8.789.512                                    Total


                                                        2023
                                                      Persentase
                                                     kepemilikan/
                                    Total saham/      Percentage
                                     Number of       of ownership
                                       shares             (%)               Total
   Qatar National Bank (Q.P.S.C.)   33.621.884.939             95,63          8.405.471            Qatar National Bank (Q.P.S.C.)
   Masyarakat (masing-masing
      di bawah 5%)                   1.536.163.426              4,37            384.041                   Public (each below 5%)
   Total                            35.158.048.365           100,00           8.789.512                                    Total



   Berdasarkan Rapat Umum Pemegang Saham Luar                          Based on the Second Extraordinary Shareholder’s
   Biasa Kedua pada tanggal 26 Juni 2009,                              General Meeting on June 26, 2009, effected by deed
   sebagaimana dinyatakan dalam Akta No. 85 tanggal                    No. 85 dated June 26, 2009 of Fathiah Helmi, SH,
   26 Juni 2009 yang dibuat dihadapan Fathiah Helmi,                   notary public in Jakarta, the Bank released the First
   SH, notaris di Jakarta, Bank melakukan Penawaran                    Limited Public Offering (PUT I) by issuing the Rights
   Umum Terbatas I (PUT I) dengan menerbitkan Hak                      Issue (HMETD) amounting to 125,304,750 shares
   Memesan Efek Terlebih Dahulu (HMETD) sejumlah                       with par value of Rp250 (full amount) per share at
   125.304.750 saham dengan nilai nominal sebesar                      an offering price of Rp320 (full amount) per share.
   Rp250 (nilai penuh) per saham yang ditawarkan                       This share issuance through PUT I resulted in
   dengan harga Rp320 (dalam Rupiah penuh) per                         additional paid-in capital of Rp8,771.
   saham. Penerbitan saham melalui PUT I tersebut
   menghasilkan agio saham sebesar Rp8.771.

   Setelah PUT I, modal ditempatkan dan disetor Bank                   After the PUT I, the Bank’s issued and fully paid
   meningkat menjadi 626.523.750 lembar saham atau                     capital increased to 626,523,750 shares or
   senilai Rp156.631.                                                  Rp156,631.

   Berdasarkan Rapat Umum Pemegang Saham Luar                          Based on the Extraordinary Shareholder’s General
   Biasa pada tanggal 27 Desember 2010                                 Meeting on December 27, 2010, as effected by deed
   sebagaimana dinyatakan dalam akta No. 63 tanggal                    No. 63 dated December 27, 2010 of Fathiah Helmi,
   27 Desember 2010 yang dibuat di hadapan Fathiah                     SH, notary public in Jakarta, the Bank released the
   Helmi, SH, notaris di Jakarta, Bank melakukan                       Second Limited Public Offering (PUT II) by issuing
   Penawaran Umum Terbatas II (PUT II) dengan                          the Rights Issue (HMETD) amounting to
   menerbitkan Hak Memesan Efek Terlebih Dahulu                        2,935,263,768 shares with par value and at the
   (HMETD) sejumlah 2.935.263.768 saham dengan                         offering price of Rp250 (in full Rupiah) per share.
   nilai nominal dan harga penawaran sebesar Rp250
   (dalam Rupiah penuh) per saham.

   Setelah PUT II, modal ditempatkan dan disetor Bank                  After the PUT II, the Bank’s issued and fully paid
   meningkat menjadi 3.561.787.518 saham atau                          capital increased to 3,561,787,518 shares or
   senilai Rp890.447.                                                  Rp890,447.



                                                        98
Page 281
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                     PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                               As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


25. Modal Saham dan Dana Setoran Modal (lanjutan)             25. Share Capital and Advanced Capital (continued)

   Berdasarkan Akta Akuisisi No. 26 tanggal                       Based on the Acquisition Deed No. 26 dated
   26 Januari 2011 yang dibuat di hadapan Fathiah                 January 26, 2011, of Fathiah Helmi, SH, notary
   Helmi, SH, notaris di Jakarta, Bank dan Qatar                  public in Jakarta, the Bank and Qatar National Bank
   National Bank (Q.P.S.C.) telah menandatangani                  (Q.P.S.C.) have signed the Deed of Acquisition
   Akta Akuisisi dimana Qatar National Bank                       where Qatar National Bank (Q.P.S.C.) as a standby
   (Q.P.S.C.) sebagai pembeli siaga dalam rights issue            buyer in the rights issue has acquired 2,478,728,032
   telah memperoleh 2.478.728.032 saham biasa atas                ordinary shares of New Shares with a nominal value
   Saham Baru dengan nominal Rp250 (nilai penuh)                  of Rp250 (full amount) per share or Rp619,682.
   per saham atau senilai Rp619.682.

   Pada tanggal 27 Mei 2013, Bank memperoleh                      On May 27, 2013, the Bank obtained the Effective
   Pernyataan Efektif dari Otoritas Jasa Keuangan                 Notification from the Otoritas Jasa Keuangan
   (“OJK”)     berdasarkan     Surat     Keputusan                (“OJK”) through its Decree No. S-141/D.04/2013 in
   No. S-141/D.04/2013 dalam rangka Penawaran                     relation to the Third Limited Public Offering (PUT III)
   Umum Terbatas III (PUT III) dengan menerbitkan                 by conducting the Rights Issue (HMETD) amounting
   Hak Memesan Efek Terlebih Dahulu (HMETD)                       to 2,596,543,000 shares with par value and at the
   sejumlah 2.596.543.000 saham dengan nilai                      offering price of Rp250 (full amount) per share.
   nominal dan harga penawaran sebesar Rp250 (nilai
   penuh) per saham.

   Setelah PUT III, modal ditempatkan dan disetor                 After the PUT III, the Bank’s issued and fully paid
   Bank meningkat menjadi 6.158.330.518 lembar                    capital increased to 6,158,330,518 shares or
   saham atau senilai Rp1.539.583.                                Rp1,539,583.

   Pada tanggal 2 Juni 2014, Bank memperoleh                      On June 2, 2014, the Bank obtained the Effective
   Pernyataan Efektif dari OJK berdasarkan Surat                  Notification from the OJK through its Decree
   Keputusan No. S-253/D.04/2014 dalam rangka                     No.S-253/D.04/2014 in relation to the Fourth Limited
   Penawaran Umum Terbatas IV (PUT IV) dengan                     Public Offering (PUT IV) by conducting the Rights
   menerbitkan Hak Memesan Efek Terlebih Dahulu                   Issue (HMETD) amounting to 2,598,815,479 shares
   (HMETD) sejumlah 2.598.815.479 saham dengan                    with par value and at the offering price of Rp250 (full
   nilai nominal dan harga penawaran sebesar Rp250                amount) per share.
   (nilai penuh) per saham.

   Setelah PUT IV, modal ditempatkan dan disetor                  After the PUT IV, the Bank’s issued and fully paid
   Bank meningkat menjadi 8.757.145.997 lembar                    capital increased to 8,757,145,997 shares or
   saham atau senilai Rp2.189.287.                                equivalent to Rp2,189,287.

   Peningkatan modal dasar tersebut telah disetujui               The increase in the authorized share capital has
   oleh Menteri Hukum dan Hak Asasi Manusia                       been approved by the Minister of Laws and Human
   Republik Indonesia dengan Surat Keputusan                      Rights of the Republic of Indonesia under his
   No. AHU-0004611.AH.01.02 Tahun 2015 tanggal                    Decree No. AHU-0004611.AH.01.02 Year 2015
   24 Maret 2015 serta telah diumumkan dalam Berita               dated March 24, 2015 and was published into the
   Negara Republik Indonesia No. 35 tanggal                       State Gazette of the Republic of Indonesia No. 35
   30 April 2015, Tambahan No. 25140.                             dated April 30, 2015, Addition No. 25140.

   Pada tanggal 14 Desember 2016, Bank                            On December 14, 2016, Bank obtained capital
   memperoleh tambahan modal lainnya berupa dana                  injection in the form of advanced capital. The Capital
   setoran modal yang dilakukan dengan cara                       injection is done through fund transfer by Qatar
   penyetoran dana oleh Qatar National Bank                       National Bank (Q.P.S.C.) amounted to USD56
   (Q.P.S.C.) sebesar USD56 juta atau setara dengan               million or equivalent to Rp751,800.
   Rp751.800.

   Pada tanggal 16 Juni 2017, Bank memperoleh                     On June 16, 2017, Bank obtained capital injection in
   tambahan modal lainnya berupa dana setoran                     the form of advanced capital. The capital injection is
   modal yang dilakukan dengan cara penyetoran dana               done through fund transfer by Qatar National Bank
   oleh Qatar National Bank (Q.P.S.C.) sebesar                    (Q.P.S.C.) amounted to USD36 million or equivalent
   USD36 juta atau setara dengan Rp478.000.                       to Rp478,000.



                                                         99
Page 282
                                                                   The original financial statements included herein are in
                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                   unless otherwise stated)


25. Modal Saham dan Dana Setoran Modal (lanjutan)           25. Share Capital and Advanced Capital (continued)

   Berdasarkan Akta Pernyataan Keputusan Rapat                  Based on the Deed of Minutes of Annual
   Umum Pemegang Saham Tahunan Bank No. 37                      Shareholders’ General Meeting of Bank No. 37
   tanggal 27 Februari 2015 yang dibuat di hadapan              dated February 27, 2015 of Fathiah Helmi, SH,
   Fathiah Helmi, SH, notaris di Jakarta, para                  notary public in Jakarta, the shareholders agreed to
   pemegang saham menyetujui peningkatan modal                  increase the Bank’s authorized share capital from
   dasar Bank dari Rp2.500.000 atau sebanyak                    Rp2,500,000 or 10,000,000,000 shares to
   10.000.000.000 saham, menjadi Rp8.000.000 atau               Rp8,000,000 or 32,000,000,000 shares.
   sebanyak 32.000.000.000 saham.

   Pada tanggal 20 Juni 2017, Bank memperoleh                   On June 20, 2017, the Bank Obtained the Effective
   Pernyataan Efektif dari OJK berdasarkan Surat                Notification from OJK through its Decree
   Keputusan No. S-330/D.04/2017 dalam rangka                   No. S-330/D.04/2017 in relation to the the fifth
   Penawaran Umum Terbatas V (PUT V) dengan                     Limited Public Offering (PUT V) by conducting the
   menerbitkan Hak Memesan Efek Terlebih Dahulu                 Rights Issue (HMETD) amounting to 8,235,719,252
   (HMETD) sejumlah 8.235.719.252 saham dengan                  shares with par value and at the offering price of
   nilai nominal dan harga penawaran sebesar Rp250              Rp250 (full amount) per share.
   (nilai penuh) per saham.

   Setelah PUT V, modal ditempatkan dan disetor                 After the PUT V, the Bank’s issued and fully paid
   Bank meningkat menjadi 16.992.865.249 lembar                 capital increased to 16,992,865,249 shares or
   saham atau senilai Rp4.248.216.                              Rp4,248,216.

   Pada tanggal 4 Desember 2017, Bank memperoleh                On December 4, 2017, Bank obtained capital
   tambahan modal lainnya berupa dana setoran                   injection in the form of advanced capital. The capital
   modal yang dilakukan dengan cara penyetoran dana             injection is done through fund transfer by Qatar
   oleh Qatar National Bank (Q.P.S.C.) sebesar                  National Bank (Q.P.S.C.) amounted to USD61
   USD61 juta atau setara dengan Rp824.110.                     million or equivalent to Rp824,110.

   Pada tanggal 22 Mei 2018, Bank memperoleh                    On May 22, 2018, the Bank obtained the Effective
   Pernyataan Efektif dari OJK berdasarkan Surat                Notification from OJK through its Decree
   Keputusan No. S-53/D.04/2018 dalam rangka                    No. S-53/D.04/2018 in relation to the the fifth Limited
   Penawaran Umum Terbatas VI (PUT VI) dengan                   Public Offering VI (PUT VI) by conducting the Rights
   menerbitkan Hak Memesan Efek Terlebih Dahulu                 Issue (HMETD) amounting to 3,786,010,377 ares
   (HMETD) sejumlah 3.786.010.377 dengan nilai                  with par value and at the offering price of Rp250 (full
   nominal dan harga penawaran sebesar Rp250 (nilai             amount) per share.
   penuh) per saham.

   Setelah PUT VI, modal ditempatkan dan disetor                After the PUT VI, the Bank’s issued and fully paid
   Bank meningkat menjadi 20.436.685.984 lembar                 capital increased to 20,436,685,984 shares or
   saham atau senilai Rp5.109.171.                              Rp5,109,171.

   Pada tanggal 6 November 2018, Bank memperoleh                On November 6, 2018, Bank obtained capital
   tambahan modal lainnya berupa dana setoran                   injection in the form of advanced capital. The Capital
   modal yang dilakukan dengan cara penyetoran dana             injection is done through fund transfer by Qatar
   oleh Qatar National Bank (Q.P.S.C.) sebesar                  National Bank (Q.P.S.C.) amounted to USD45
   USD45 juta atau setara dengan Rp656.101.                     million or equivalent to Rp656,101.

   Pada tanggal 15 Oktober 2020, Bank memperoleh                On October 15, 2020, Bank obtained capital
   tambahan modal lainnya berupa dana setoran                   injection in the form of advanced capital. The Capital
   modal yang dilakukan dengan cara penyetoran dana             injection is done through fund transfer by Qatar
   oleh Qatar National Bank (Q.P.S.C.) sebesar                  National Bank (Q.P.S.C.) amounted to USD30
   USD30 juta atau setara dengan Rp442.230.                     million or equivalent to Rp442,230.

   Pada 22 Desember 2021, Bank memperoleh                       On December 22, 2021, Bank obtained capital
   tambahan modal berupa dana setoran modal yang                injection in the form of advanced capital. The Capital
   dilakukan dengan cara penyetoran dana oleh Qatar             injection is done through fund transfer by Qatar
   National Bank (Q.P.S.C.) sebesar Rp1.500.000.                National      Bank     (Q.P.S.C.)    amounted       to
                                                                Rp1,500,000.


                                                      100
Page 283
                                                                       The original financial statements included herein are in
                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


25. Modal Saham dan Dana Setoran Modal (lanjutan)            25. Share Capital and Advanced Capital (continued)

   Berdasarkan Akta Pernyataan Keputusan Rapat                      Based on the Deed of Minutes of Annual
   Umum Pemegang Saham Tahunan No. 33 tanggal                       Shareholders’ General Meeting of Bank No. 33
   21 Juli 2022 yang dibuat dihadapan Fathiah Helmi,                dated July 21, 2022 of Fathiah Helmi, SH, notary
   SH, notaris di Jakarta, para pemegang saham                      public in Jakarta, the shareholders agreed to
   menyetujui peningkatan modal dasar Bank dari                     increase the Bank’s authorized share capital from
   Rp8.000.000 atau sebanyak 32.000.000.000                         Rp8,000,000 or 32,000,000,000 shares to
   saham, menjadi Rp10.000.000 atau sebanyak                        Rp10,000,000 or 40,000,000,000 shares.
   40.000.000.000 saham.

   Peningkatan modal dasar tersebut telah disetujui                 The increase in the authorized share capital has
   oleh Menteri Hukum dan Hak Asasi Manusia                         been approved by the Minister of Laws and Human
   Republik Indonesia dengan surat keputusan                        Rights of the Republic of Indonesia under his
   No. AHU-0055864.AH.01.02 Tahun 2022, tanggal                     Decree No. AHU-0055864.AH.01.02 Year 2022
   8 Agustus 2022.                                                  dated August 8, 2022.

   Pada 16 November 2022, Bank memperoleh                           On November 16, 2022, Bank obtained capital
   tambahan modal berupa dana setoran modal yang                    injection in the form of advanced capital. The Capital
   dilakukan dengan cara penyetoran dana oleh Qatar                 injection is done through fund transfer by Qatar
   National Bank (Q.P.S.C.) sebesar USD64.8 juta                    National Bank (Q.P.S.C.) amounted to USD64,8
   atau setara dengan Rp1.000.000.                                  million or equivalent to Rp1,000,000.

   Pada tanggal 28 April 2023, Bank memperoleh                      On April 28, 2023, the Bank obtained the effective
   Pernyataan Efektif dari OJK berdasarkan Surat                    notification from OJK through its Decree No. S-
   Keputusan No. S-109/D.04/2023 dalam rangka                       109/D.04/2023 in relation to the Limited Public
   Penawaran Umum Terbatas VII (PUT VII) dengan                     Offering VII (PUT VII) by conducting the Rights
   menerbitkan Hak Memesan Efek Terlebih Dahulu                     Issue (HMETD) of 14,721,362,381 shares with par
   (HMETD) sejumlah 14.721.362.381 saham dengan                     value and the offering price of Rp250 (in full Rupiah)
   nilai nominal dan harga penawaran sebesar Rp250                  per share.
   (dalam Rupiah penuh) per saham.

   Setelah PUT VII, modal ditempatkan dan disetor                   After Right Issue VII, the issued and paid-in capital
   Bank meningkat menjadi 35.158.048.365 lembar                     of the Bank increased to 35,158,048,365 shares or
   saham atau senilai Rp8.789.512.                                  equal to Rp8,789,512.

26. Tambahan Modal Disetor                                   26. Additional Paid-In Capital

   Tambahan modal disetor pada tanggal            31                The   additional   paid-in  capital    as     of
   Desember 2024 dan 2023 berasal dari:                             December 31, 2024 and 2023 were derived from:

                                           2024              2023
   Agio saham                                   8.771            8.771                              Additional paid-in capital
   Beban emisi saham                          (42.359)         (42.359)                              Shares issuance costs
   Total - neto                               (33.588)         (33.588)                                           Total - net


   Beban emisi saham karena penerbitan saham                        Share issuance costs is due to shares issuance
   melalui Penawaran Umum Perdana, PUT I, PUT II,                   through Initial Public Offering, PUT I, PUT II, PUT III,
   PUT III, PUT IV, PUT V, PUT VI dan PUT VII                       PUT IV, PUT V, PUT VI and PUT VII amounting to
   masing-masing sebesar Rp1.635, Rp1.032,                          Rp1,635, Rp1,032, Rp25,562, Rp2,525, Rp2,587,
   Rp25.562, Rp2.525, Rp2.587, Rp3.036, Rp2.544                     Rp3,036, Rp2,544 and Rp3,438, respectively.
   dan Rp3.438.




                                                       101
Page 284
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

        PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


27. Cadangan Umum dan Wajib                                    27. General and Legal Reserve

   Cadangan umum dan wajib dibentuk sesuai dengan                     The general and legal reserve was provided in
   Undang-Undang Republik Indonesia No. 1/1995                        relation with the Law of the Republic of Indonesia
   sebagaimana telah diubah dengan Undang-Undang                      No. 1/1995 which has been replaced with the Law
   No. 40/2007 tentang Perseroan Terbatas (UUPT)                      No. 40/2007 regarding the Limited Liability
   yang berlaku efektif sejak tanggal 16 Agustus 2007                 Companies (UUPT) effective on August 16, 2007
   yang mewajibkan perusahaan-perusahaan untuk                        which requires companies to set up a general
   membentuk cadangan dengan jumlah paling sedikit                    reserve amounting to at least 20% of the issued and
   20% dari jumlah modal yang ditempatkan dan                         paid up share capital. There is no timeline over
   disetor. Tidak ada batas waktu pembentukan                         which this amount should be provided.
   cadangan ini.

   Berdasarkan Akta Berita Acara Rapat Umum                           Based on the Annual General Meeting as stated in
   Pemegang Saham Tahunan No. 25 tanggal                              Deed No. 25 dated May 30, 2024 of Notary Fathiah
   30 Mei 2024 dibuat dihadapan Fathiah Helmi, SH,                    Helmi, SH in Jakarta, approved profit for the year
   notaris di Jakarta, disetujui penetapan laba bersih                2023 and approved the utilaztion of profit amounting
   tahun 2023 dan disetujui penggunaan laba bersih                    Rp1,000 set aside as a general reserve to comply
   sebesar Rp1.000 disisihkan sebagai cadangan                        with article 70 paragraph 1 of the UUPT.
   untuk memenuhi pasal 70 ayat 1 UUPT.

   Berdasarkan Akta Berita Acara Rapat Umum                           Based on the Annual General Meeting as stated in
   Pemegang Saham Tahunan No. 54 tanggal                              Deed No. 54 dated May 30, 2023 of Notary Fathiah
   30 Mei 2023 dibuat dihadapan Fathiah Helmi, SH,                    Helmi, SH in Jakarta, approved loss for the year
   notaris di Jakarta, disetujui penetapan rugi bersih                2022.
   tahun 2022.

   Berdasarkan Akta Berita Acara Rapat Umum                           Based on the Annual General Meeting as stated in
   Pemegang Saham Tahunan No. 32 tanggal                              Deed No. 32 dated July 21, 2022 of Notary Fathiah
   21 Juli 2022 dibuat dihadapan Fathiah Helmi, SH,                   Helmi, SH in Jakarta, approved loss for the year
   notaris di Jakarta, disetujui penetapan rugi bersih                2021.
   tahun 2021.

28. Pendapatan Bunga - Neto                                    28. Interest Income - Net
                                             2024              2023
   Pendapatan bunga                                                                                         Interest income
      Kredit yang diberikan                    488.866           595.517                                           Loans
      Efek-efek                                141.574            29.817                                       Securities
      Penempatan pada Bank Indonesia                                                     Placements with Bank Indonesia
        dan bank lain                           54.206            65.585                               and other banks
      Efek-efek yang dibeli                                                                         Securities purchased
        dengan janji dijual kembali             49.793           253.598                     under agreements to resell
      Lainnya                                      124               184                                          Others
                                               734.563           944.701
   Beban bunga                                                                                              Interest expense
     Simpanan dari nasabah                                                                       Deposits from customers
       Deposito berjangka dan                                                                        Time deposits and
           deposito on call                   (244.934)         (364.957)                             on call deposits
       Giro                                     (9.787)           (6.023)                               Demand deposits
       Tabungan                                 (7.175)           (8.833)                                  Saving deposits
     Efek-efek yang dijual dengan                                                                    Securities sold under
       janji dibeli kembali                      (9.710)          (2.514)                      repurchased agreements
     Simpanan dari bank lain                     (3.002)            (345)                       Deposits from other banks
     Setoran jaminan                             (2.235)          (6.333)                                  Margin deposits
     Pinjaman yang diterima                           -          (24.126)                                       Borrowing
     Lainnya                                     (6.801)          (7.695)                                           Others
                                              (283.644)         (420.826)
   Pendapatan bunga - neto                     450.919           523.875                               Interest income - net




                                                         102
Page 285
                                                                       The original financial statements included herein are in
                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


29. Pendapatan Provisi dan Komisi - Neto                      29. Fees and Commission Income - Net

                                               2024           2023
   Pendapatan provisi dan komisi                                                            Fees and commission income
      Jasa                                        23.668         32.076                                        Services
      Jasa Administrasi                           12.674         35.729                              Administration fees
      Lain-lain                                      136            221                                          Others
                                                  36.478         68.026
   Beban provisi dan komisi                                                               Fees and commission expenses
     Visa                                         (3.239)        (2.838)                                             Visa
     Transaksi antar bank                         (1.558)        (1.504)                           Interbank transactions
     Lain-lain                                      (119)          (678)                                          Others
   Pendapatan provisi dan komisi - neto           31.562         63.006               Fees and commission income - net


30. Pemulihan/(Penyisihan)         Kerugian Penurunan         30. Reversal/(Provision) for Impairment Losses on
    Nilai Aset Keuangan                                           Financial Assets

   Rincian    pemulihan/(penyisihan)    kerugian                     Details of the reversal/(provision) for impairment
   penurunan nilai aset keuangan adalah sebagai                      losses on financial assets are as follows:
   berikut:

                                               2024           2023
   Pemulihan/(Penyisihan) kerugian penurunan                                  Reversal/(Provision) for impairment losses
     nilai aset keuangan                                                                            on financial assets
     Kredit yang diberikan (Catatan 11)           19.013       (136.875)                                Loans (Note 11)
     Giro pada bank lain (Catatan 7)                   8             18       Current accounts with other banks (Note 7)
     Tagihan akseptasi                                 -            200                         Acceptance receivables
     Efek-efek (Catatan 12)                            -            189                              Securities (Note 12)
   Total pemulihan/(penyisihan) kerugian                                        Total reversal/(provision) for impairment
      penurunan nilai aset keuangan               19.021       (136.468)                     losses on financial assets


31. Beban Karyawan                                            31. Personnel Expenses

                                               2024           2023
   Gaji pokok                                    132.984        133.345                                      Basic salaries
   THR/bonus                                      48.431         64.115                                         THR/bonus
   Tunjangan cuti, kehadiran dan                                                                    Leave, attendance and
      transportasi                                18.188         17.434                         transportation allowance
   Imbalan kerja (Catatan 23)                     17.371         17.837                      Employment benefits (Note 23)
   Outsourcing                                    12.928         16.304                                        Outsourcing
   Pengobatan                                     11.323          9.477                                             Medical
   Pendidikan dan pelatihan                        6.975          8.552                             Education and training
   Asuransi                                        6.933          6.894                                           Insurance
   Tunjangan jabatan                               5.144          2.890                               Functional allowance
   Pesangon                                        4.763          2.348                                         Severance
   Lain-lain                                         329         10.620                                              Others
   Total                                         265.369        289.816                                                Total




                                                        103
Page 286
                                                                                     The original financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                    PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                              As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


32. Beban Umum dan Administrasi                                          32. General and Administrative Expenses

                                                    2024                 2023
   Pemeliharaan dan perbaikan                          80.284               78.729                                 Repair and maintenance
   Penyusutan aset tetap dan
       aset hak guna (Catatan 14)                      57.659               64.523                 Depreciation of fixed assets (Note 14)
   Jasa profesional                                    15.033               24.265                                       Professional fees
   Amortisasi aset takberwujud (Catatan 15)            11.641               11.674             Amortization of intangible assets (Note 15)
   Telepon, telex dan data komunikasi                   9.696               11.937             Telephone, telex and data communication
   Premi penjaminan simpanan (Catatan 38)               9.691               19.977                Deposits guarantee premium (Note 38)
   Sewa                                                 4.234                5.304                                                 Rental
   Asuransi                                             3.498                2.888                                              Insurance
   Air, gas dan listrik                                 1.831                1.676                               Water, gas and electricity
   Transportasi                                         1.695                2.431                                          Transportation
   Pajak dan retribusi                                    844                  913                                     Tax and retribution
   Iklan dan promosi                                      749                1.471                              Advertising and promotion
   Lain-lain                                            3.977                3.923                                                 Others
   Total                                              200.832              229.711                                                       Total


33. Laba Per Saham - Dasar                                               33. Earnings Per Share - Basic

   Laba per saham - dasar dihitung dengan membagi                               Earning per share - basic is computed by dividing
   laba tahun berjalan dengan rata-rata tertimbang                              income for the year by the weighted average
   jumlah saham yang beredar pada tahun yang                                    number of outstanding shares during the year.
   bersangkutan.

                                                    2024                 2023

   Laba tahun berjalan                                     55.638               69.249                                       Profit for the year
   Rata-rata tertimbang jumlah saham yang                                                             Weighted average number of outstanding
      beredar untuk perhitungan laba per saham   35.158.048.365       29.455.542.608                        shares for basic profit per share

   Laba per saham - dasar (nilai penuh)                      1,58                 2,50                  Profit per share - basic (full amount)



34. Aset Keuangan dan Liabilitas Keuangan                                34. Financial Assets and Financial Liabilities

   a.   Klasifikasi aset keuangan dan liabilitas                                a.    Classification of financial               assets      and
        keuangan                                                                      financial liabilities

        Di bawah ini disajikan perbandingan antara nilai                              Below is the comparison of the carrying
        tercatat, seperti dilaporkan dalam laporan posisi                             amounts, as reported in the statement of
        keuangan, dan nilai wajar semua aset                                          financial position, and the fair value of all
        keuangan dan liabilitas keuangan.                                             financial assets and liabilities.

        Pada tabel di bawah ini, instrumen keuangan                                   In the below table, financial instruments have
        telah dikelompokkan berdasarkan klasifikasi                                   been allocated based on their classification.
        masing-masing. Kebijakan akuntansi yang                                       The material accounting policies in Note 2f
        material di Catatan 2f menjelaskan bagaimana                                  describe how the categories of the financial
        kategori aset keuangan dan liabilitas keuangan                                assets and financial liabilities are measured
        tersebut diukur dan bagaimana pendapatan                                      and how income and expenses, including fair
        dan beban, termasuk laba dan rugi atas nilai                                  value gains and losses (changes in fair value of
        wajar (perubahan nilai wajar instrumen                                        financial instruments), are recognized.
        keuangan), diakui.




                                                                104
Page 287
                                                                                                     The original financial statements included herein are in
                                                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


34. Aset Keuangan                dan     Liabilitas      Keuangan                     34. Financial Assets                    and        Financial     Liabilities
    (lanjutan)                                                                            (continued)

   a.   Klasifikasi aset keuangan dan liabilitas                                                a.    Classification of financial assets                         and
        keuangan (lanjutan)                                                                           financial liabilities (continued)

        Aset keuangan telah dikelompokkan ke dalam                                                    Financial assets classes have been allocated
        aset keuangan yang diukur pada nilai wajar                                                    into assets at fair value through profit or loss,
        melalui laba atau rugi, diukur pada nilai wajar                                               fair value through other comprehensive income
        melalui pendapatan komprehensif lainnya dan                                                   loans and amortized cost. Similarly, financial
        biaya perolehan diamortisasi. Sama halnya                                                     liability has been allocated into financial
        dengan aset keuangan, liabilitas keuangan                                                     liabilities at fair value through profit or loss and
        telah dikelompokkan ke dalam liabilitas                                                       other amortized cost.
        keuangan yang diukur pada nilai wajar melalui
        laba atau rugi dan yang dicatat pada biaya
        perolehan diamortisasi lainnya.

        Nilai wajar yang diungkapkan di bawah ini                                                     The fair values are based on relevant
        adalah berdasarkan informasi relevan yang                                                     information available as at the date of
        tersedia pada tanggal laporan posisi keuangan                                                 statement of financial position and have not
        dan tidak diperbaharui untuk mencerminkan                                                     been updated to reflect changes in market
        perubahan dalam kondisi pasar yang terjadi                                                    condition after the date of statement of financial
        setelah tanggal laporan posisi keuangan.                                                      position.

        Tabel di bawah menyajikan nilai tercatat dan                                                  The table below sets out the carrying amount
        nilai wajar aset dan liabilitas keuangan Bank                                                 and fair values of the Bank’s financial assets
        pada tanggal 31 Desember 2024 dan 2023.                                                       and liabilities as of December 31, 2024 and
                                                                                                      2023.
                                                                               2024

                                                                              Nilai wajar
                                                                               melalui
                                                                             penghasilan
                                                        Nilai wajar         komprehensif
                                                       melalui laba              lain/                   Jumlah
                                  Biaya perolehan          rugi/              Fair value              nilai tercatat/
                                   diamortisasi/        Fair value          through other                  Total
                                     Amortized        through profit       comprehensive                 carrying         Nilai wajar/
                                        cost              or loss              income                    amount           Fair Value

        Aset keuangan                                                                                                                              Financial assets
        Kas                                 36.917                     -                    -                  36.917            36.917                        Cash
        Giro pada Bank                                                                                                                         Current accounts with
            Indonesia                     410.213                      -                    -                410.213            410.213           Bank Indonesia
                                                                                                                                               Current accounts with
        Giro pada bank lain - neto          38.811                     -                    -                  38.811            38.811         other banks - net
        Penempatan pada Bank                                                                                                                        Placements with
            Indonesia dan                                                                                                                     Bank Indonesia and
            bank lain                    1.336.301                  -                    -                  1.336.301         1.336.301               other banks
        Tagihan derivatif                        -              3.269                    -                      3.269             3.269       Derivative receivables
        Kredit yang diberikan - neto     7.965.727                  -                    -                  7.965.727         7.965.727                  Loans - net
        Efek-efek                          160.686                  -            1.999.339                  2.160.025         2.159.999                    Securities
        Aset lain-lain *)                  100.817                  -                    -                    100.817           100.817              Other assets *)

                                        10.049.472              3.269            1.999.339                 12.052.080        12.052.054




        *)    Aset lain-lain terdiri dari tagihan atas transaksi agunan                               *)      Other assets consist of receivables from foreclosed
              yang diambil alih, piutang bunga, setoran jaminan, dan                                          assets transactions, interest receivables, security
              piutang lain-lain                                                                               deposits, and other receivable.




                                                                           105
Page 288
                                                                                                     The original financial statements included herein are in
                                                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


34. Aset Keuangan                dan     Liabilitas      Keuangan                     34. Financial Assets                    and        Financial        Liabilities
    (lanjutan)                                                                            (continued)

   a.   Klasifikasi aset keuangan dan liabilitas                                                a.    Classification of financial assets                            and
        keuangan (lanjutan)                                                                           financial liabilities (continued)

        Tabel di bawah menyajikan nilai tercatat dan                                                  The table below sets out the carrying amount
        nilai wajar aset dan liabilitas keuangan Bank                                                 and fair values of the Bank’s financial assets
        pada tanggal 31 Desember 2024 dan 2023.                                                       and liabilities as of December 31, 2024 and
        (lanjutan)                                                                                    2023. (continued)
                                                                               2024

                                                                              Nilai wajar
                                                                               melalui
                                                                             penghasilan
                                                        Nilai wajar         komprehensif
                                                       melalui laba              lain/                   Jumlah
                                  Biaya perolehan          rugi/              Fair value              nilai tercatat/
                                   diamortisasi/        Fair value          through other                  Total
                                     Amortized        through profit       comprehensive                 carrying         Nilai wajar/
                                        cost              or loss              income                    amount           Fair Value

        Liabilitas keuangan                                                                                                                        Financial liabilities
        Liabilitas segera                   21.022                  -                       -                  21.022            21.022 Liabilities payable on demand
        Simpanan dari nasabah            7.341.878                  -                       -               7.341.878         7.341.878      Deposits from customers
        Simpanan dari bank lain            322.491                  -                       -                 322.491           322.491 Deposits from other banks
        Liabilitas derivatif                     -              7.775                       -                   7.775             7.775             Derivative payables
        Efek-efek yang dijual                                                                                                                            Securities sold
            dengan janji dibeli                                                                                                                    under agreements
            kembali                         95.873                     -                    -                  95.873            95.873                 to repurchase
        Beban masih harus dibayar                                                                                                                    Accruals and other
            dan liabilitas lain-lain      221.201                      -                    -                221.201            221.201                      liabilities

                                         8.002.465              7.775                       -               8.010.240         8.010.240


                                                                               2023

                                                                              Nilai wajar
                                                                               melalui
                                                                             penghasilan
                                                        Nilai wajar         komprehensif
                                                       melalui laba              lain/                   Jumlah
                                  Biaya perolehan          rugi/              Fair value              nilai tercatat/
                                   diamortisasi/        Fair value          through other                  Total
                                     Amortized        through profit       comprehensive                 carrying         Nilai wajar/
                                        cost              or loss              income                    amount           Fair Value

        Aset keuangan                                                                                                                                Financial assets
        Kas                                 24.445                     -                    -                  24.445            24.445                           Cash
        Giro pada Bank                                                                                                                           Current accounts with
            Indonesia                     543.920                      -                    -                543.920            543.920             Bank Indonesia
                                                                                                                                                 Current accounts with
        Giro pada bank lain - neto        184.089                      -                                     184.089            184.089           other banks - net
        Penempatan pada Bank                                                                                                                          Placements with
            Indonesia dan                                                                                                                       Bank Indonesia and
            bank lain                    1.092.008                  -                       -               1.092.008         1.092.008                 other banks
        Tagihan derivatif                        -                 11                       -                      11                11         Derivative receivables
        Efek-efek yang dibeli                                                                                                                    Securities purchased
            dengan janji dijual                                                                                                                  under agreements
            kembali                      2.977.202                     -                -                   2.977.202         3.163.580                     to resell
        Kredit yang diberikan - neto     5.449.285                     -                -                   5.449.285         5.449.285                    Loans - net
        Efek-efek                          250.030                     -          139.922                     389.952           390.687                      Securities
        Aset lain-lain *)                  247.977                     -                -                     247.977           247.977                Other assets *)

                                        10.768.956                 11             139.922                  10.908.889        11.096.002


        Liabilitas keuangan                                                                                                                        Financial liabilities
        Liabilitas segera                   12.555                  -                       -                  12.555            12.555 Liabilities payable on demand
        Simpanan dari nasabah            6.339.203                  -                       -               6.339.203         6.339.203      Deposits from customers
        Simpanan dari bank lain              1.832                  -                       -                   1.832             1.832    Deposits from other banks
        Liabilitas derivatif                     -              1.838                       -                   1.838             1.838             Derivative payables
        Efek-efek yang dijual                                                                                                                            Securities sold
            dengan janji dibeli                                                                                                                    under agreements
            kembali                       385.051                      -                    -                385.051            385.051                 to repurchase
        Beban masih harus dibayar                                                                                                                    Accruals and other
            dan liabilitas lain-lain      232.552                      -                    -                232.552            232.552                      liabilities

                                         6.971.193              1.838                       -               6.973.031         6.973.031


        *)    Aset lain-lain terdiri dari tagihan atas transaksi agunan                               *)      Other assets consist of receivables from foreclosed
              yang diambil alih, piutang bunga, setoran jaminan, dan                                          assets transactions, interest receivables, security
              piutang lain-lain                                                                               deposits, and other receivable.

                                                                           106
Page 289
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

        PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


34. Aset Keuangan       dan    Liabilitas   Keuangan            34. Financial Assets          and    Financial      Liabilities
    (lanjutan)                                                      (continued)

   b.   Nilai wajar instrumen keuangan                             b.    Fair values of financial instruments

        Nilai wajar aset keuangan dan liabilitas                         The fair values of financial assets and financial
        keuangan yang diperdagangkan di pasar aktif                      liabilities that are traded in active markets are
        didasarkan pada kuotasian harga pasar atau                       based on quoted market prices or dealer price
        harga dealer. Untuk semua instrumen                              quotations. For all other financial instruments,
        keuangan lainnya, Bank menentukan nilai wajar                    the Bank determines fair values using other
        dengan menggunakan teknik penilaian lainnya.                     valuation techniques.

        Untuk instrumen keuangan yang jarang                             For financial instruments that trade infrequently
        diperdagangkan      dan     sedikit   memiliki                   and have little price transparency, fair values is
        transparansi harga, nilai wajar menjadi kurang                   less objective, and requires varying degrees of
        objektif, dan membutuhkan berbagai tingkat                       judgement        depending       on       liquidity,
        pertimbangan tergantung pada likuiditas,                         concentration, uncertainty of market factors,
        konsentrasi, ketidakpastian faktor pasar,                        pricing assumptions and other risks affecting
        asumsi harga dan risiko lainnya yang                             the specific instrument.
        mempengaruhi instrumen tertentu.

        Model Penilaian                                                  Valuation Models

        Bank   mengukur      nilai  wajar    dengan                      The Bank measures fair values using the
        menggunakan hirarki dari metode berikut:                         following hierarchy of methods:

        •   Tingkat 1: input yang berasal dari harga                     •     Level 1: inputs that are quoted prices
            kuotasian (tanpa penyesuaian) di pasar                             (unadjusted) in active markets for identical
            aktif untuk instrumen yang identik yang                            instruments that the Bank can access at
            dapat diakses Bank pada tanggal                                    the measurement date.
            pengukuran.
        •   Tingkat 2: input selain harga kuotasian                      •     Level 2: inputs other than quoted prices
            yang termasuk dalam level 1 yang dapat                             included within level 1 that are observable
            diobservasi, baik secara langsung atau                             either directly or indirectly. This category
            tidak langsung. Dalam kategori ini                                 includes instruments valued using: quoted
            termasuk instrumen yang dinilai dengan                             market prices in active markets for similar
            menggunakan: harga kuotasian untuk                                 instruments; quoted prices for identical or
            instrumen yang serupa di pasar aktif; harga                        similar instruments in markets that are not
            kuotasian untuk instrumen yang identik                             active; or other valuation techniques in
            atau yang serupa di pasar yang tidak aktif;                        which all significant inputs are directly or
            atau teknik penilaian lainnya dimana                               indirectly observable from market data.
            seluruh input signifikan dapat diobservasi
            secara langsung maupun tidak langsung
            dari data pasar.
        •   Tingkat 3: input yang tidak dapat                            •     Level 3: inputs that are unobservable. This
            diobservasi. Dalam kategori ini termasuk                           category includes all instruments for which
            semua instrumen dimana teknik penilaian                            the valuation technique includes inputs not
            menggunakan input yang tidak dapat                                 based on observable data and the
            diobservasi dan input yang tidak dapat                             unobservable inputs have a significant
            diobservasi ini memberikan dampak                                  effect on the instrument’s valuation. This
            signifikan terhadap penilaian instrumen.                           category includes instruments that are
            Termasuk dalam kategori ini adalah                                 valued based on quoted prices for similar
            instrumen yang dinilai berdasarkan harga                           instruments      for    which     significant
            kuotasian untuk instrumen serupa yang                              unobservable adjustments or assumptions
            memerlukan penyesuaian atau asumsi                                 are required to reflect differences between
            signifikan yang tidak dapat diobservasi                            the instruments.
            untuk mencerminkan perbedaan diantara
            instrumen tersebut.




                                                          107
Page 290
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

        PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


34. Aset Keuangan        dan    Liabilitas   Keuangan             34. Financial Assets          and     Financial     Liabilities
    (lanjutan)                                                        (continued)

   b.   Nilai wajar instrumen keuangan (lanjutan)                    b.    Fair values         of     financial    instruments
                                                                           (continued)

        Model Penilaian (lanjutan)                                         Valuation Models (continued)

        Teknik penilaian mencakup model nilai kini                         Valuation techniques include net present value
        bersih dan arus kas yang didiskontokan,                            and discounted cash flow models, comparison
        perbandingan dengan instrumen sejenis yang                         with similar instruments for which market
        harga pasarnya tersedia, serta dapat                               observable prices exist and other valuation
        diobservasi, serta model penilaian lainnya.                        models. Assumptions and inputs used in
        Asumsi dan input yang digunakan dalam teknik                       valuation techniques include risk-free and
        penilaian meliputi suku bunga bebas risiko (risk-                  benchmark interest rates and credit spreads
        free) dan suku bunga acuan serta credit                            used in estimating discount rates, bond prices
        spreads yang digunakan untuk mengestimasi                          and foreign currency exchange rates.
        tingkat diskonto, harga obligasi dan nilai tukar
        mata uang asing.

        Tujuan dari teknik penilaian adalah untuk                          The objective of valuation techniques is to
        pengukuran nilai wajar yang mencerminkan                           arrive at a fair value measurement that reflects
        harga yang akan diterima untuk menjual aset                        the price that would be received to sell the asset
        atau harga yang akan dibayar untuk                                 or paid to transfer the liability in an orderly
        mengalihkan suatu liabilitas dalam transaksi                       transaction between market participants at the
        teratur (orderly transactions) antara pelaku                       measurement date.
        pasar (market participants) pada tanggal
        pengukuran.

        Bank menggunakan model penilaian yang                              The Bank uses widely recognised valuation
        diakui secara luas untuk menentukan nilai wajar                    models for determining the fair values of
        atas instrumen keuangan yang umum dan yang                         common        and    more      simple    financial
        lebih sederhana, seperti swap nilai tukar yang                     instruments, such as currency swaps that use
        hanya menggunakan data pasar yang dapat                            only observable market data and require little
        diobservasi     dan    membutuhkan       sedikit                   management judgement and estimation.
        pertimbangan dan estimasi manajemen. Harga                         Observable prices or model inputs are usually
        yang dapat diobservasi atau input model                            available in the market for listed debt securities
        biasanya tersedia di pasar untuk efek-efek                         and simple over-the-counter (OTC) derivatives
        utang yang tercatat di bursa dan derivatif over-                   such as currency swaps. Availability of
        the-counter (OTC) seperti swap nilai tukar.                        observable market prices and model inputs
        Ketersediaan harga pasar yang dapat                                reduces the needs for management judgement
        diobservasi dan input model mengurangi                             and estimation and also reduces the
        kebutuhan      pertimbangan    dan     estimasi                    uncertainty associated with determining fair
        manajemen        dan      juga    mengurangi                       values. The availability of observable market
        ketidakpastian terkait penentuan nilai wajar.                      prices and inputs varies depending on the
        Ketersediaan harga pasar yang dapat                                products and markets and is prone to changes
        diobservasi dan input bervariasi bergantung                        based on specific events and general
        pada produk dan pasar dan cenderung berubah                        conditions in the financial markets.
        berdasarkan kejadian tertentu dan kondisi
        umum di pasar keuangan.

        Pertimbangan dan estimasi manajemen                                Management consideration and estimation are
        biasanya memerlukan pemilihan model yang                           usually required for selection of the appropriate
        sesuai untuk digunakan, penentuan arus kas                         valuation model to be used, determination of
        masa depan yang diharapkan pada instrumen                          expected future cash flows on the financial
        keuangan yang dinilai, penentuan probabilitas                      instrument being valued, determination of the
        kegagalan pihak lawan dan pembayaran                               probability of counterparty default and
        dimuka dan pemilihan tingkat diskonto yang                         prepayments and selection of appropriate
        tepat.                                                             discount rates.



                                                            108
Page 291
                                                                                         The original financial statements included herein are in
                                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                        PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                  As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                        unless otherwise stated)


34. Aset Keuangan                 dan     Liabilitas      Keuangan              34. Financial Assets              and     Financial      Liabilities
    (lanjutan)                                                                      (continued)

   b.   Nilai wajar instrumen keuangan (lanjutan)                                   b.     Fair values        of        financial     instruments
                                                                                           (continued)

        Instrumen keuangan yang diukur pada nilai                                          Financial instruments measured at fair
        wajar                                                                              values

        Tabel di bawah ini menunjukkan instrumen                                           The table below show the financial instruments
        keuangan yang diukur pada nilai wajar yang                                         measured at fair value grouped according to the
        dikelompokkan berdasarkan hirarki nilai wajar.                                     fair value hierarchy.

                                                                         2024
                                        Nilai tercatat/      Tingkat/           Tingkat/           Tingkat/
                                        Carrying value       Level 1            Level 2            Level 3

        Aset keuangan                                                                                                              Financial assets
           Tagihan derivatif                      3.269                  -            3.269                   -             Derivative receivables
           Efek-efek - nilai wajar                                                                                           Securities - fair value
              melalui penghasilan                                                                                                through other
              komprehensif lain               1.999.339        1.999.339                    -                 -          comprehensive income

                                              2.002.608        1.999.339              3.269                   -

        Liabilitas keuangan                                                                                                     Financial liabilities
           Liabilitas derivatif                   7.775                  -            7.775                   -                Derivative payables

                                                  7.775                  -            7.775                   -


                                                                         2023
                                        Nilai tercatat/      Tingkat/           Tingkat/           Tingkat/
                                        Carrying value       Level 1            Level 2            Level 3

        Aset keuangan                                                                                                              Financial assets
           Tagihan derivatif                         11                  -                 11                 -             Derivative receivables
           Efek-efek - nilai wajar                                                                                           Securities - fair value
              melalui penghasilan                                                                                                through other
              komprehensif lain                 139.922          139.922                    -                 -          comprehensive income

                                                139.933          139.922                   11                 -

        Liabilitas keuangan                                                                                                     Financial liabilities
           Liabilitas derivatif                   1.838                  -            1.838                   -                Derivative payables
                                                  1.838                  -            1.838                   -



        Nilai wajar atas instrumen derivatif yang dinilai                                  The fair values of derivatives instrument valued
        menggunakan teknik         penilaian    dengan                                     by valuation techniques using components
        menggunakan komponen yang dapat diamati di                                         which can be observed in the market, primarily
        pasar terutama adalah swap mata uang dan                                           currency swaps and currency exchange
        kontrak pertukaran mata uang. Teknik penilaian                                     contracts. Most widely used valuation
        yang paling banyak digunakan meliputi model                                        techniques include forward and swap valuation
        penilaian     forward    dan     swap      yang                                    models which use the present value calculation.
        menggunakan perhitungan nilai kini.




                                                                        109
Page 292
                                                                                      The original financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                     PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                               As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                     unless otherwise stated)


34. Aset Keuangan            dan       Liabilitas      Keuangan              34. Financial Assets              and     Financial       Liabilities
    (lanjutan)                                                                   (continued)

   b.   Nilai wajar instrumen keuangan (lanjutan)                                b.     Fair values        of        financial     instruments
                                                                                        (continued)

        Instrumen keuangan yang diukur pada nilai                                       Financial instruments measured at fair
        wajar (lanjutan)                                                                values (continued)

        Model tersebut menggabungkan berbagai                                           The models incorporate various components
        komponen yang meliputi kualitas kredit dari                                     which include the credit quality of the
        counterparty, nilai spot dan kontrak berjangka                                  counterparty, spot value and future contracts
        serta kurva tingkat suku bunga.                                                 and interest rate curve.

        Di tahun 2024, nilai wajar dari efek-efek                                       In 2024, fair value of available for sale securities
        tersedia untuk dijual diestimasi dengan                                         are estimated using quoted prices for identical
        menggunakan harga kuotasian untuk instrumen                                     or similar instruments in markets that are not
        yang identik atau yang serupa di pasar yang                                     active.
        tidak aktif.

        Instrumen keuangan yang tidak diukur pada                                       Financial instruments not measured at fair
        nilai wajar                                                                     values

        Tabel di bawah ini menunjukkan instrumen                                        The table below show the financial instruments
        keuangan yang tidak diukur pada nilai wajar                                     not measured at fair value grouped according
        yang dikelompokkan berdasarkan hirarki nilai                                    to the fair value hierarchy.
        wajar.
                                                                      2024

                                     Nilai tercatat/      Tingkat/           Tingkat/           Tingkat/
                                     Carrying value       Level 1            Level 2            Level 3

        Aset keuangan                                                                                                            Financial assets
        Kredit yang diberikan              7.965.727                  -                  -         7.965.727                                Loans
        Efek-efek - Biaya                                                                                                             Securities -
           perolehan diamortisasi            160.686          160.660                    -                 -                     Amortized cost
                                           8.126.413          160.660                    -         7.965.727

        Liabilitas keuangan                                                                                                  Financial liabilities
        Simpanan dari nasabah              7.341.878                  -        7.341.878                   -             Deposits from customers
        Simpanan dari bank lain              322.491                  -          322.491                   -            Deposits from other banks
        Efek-efek yang dijual                                                                                                       Securities sold
           dengan janji dibeli                                                                                              under repurchased
           kembali                            95.873           95.873                    -                 -                        agreements
                                           7.760.242           95.873          7.664.369                   -


                                                                      2023
                                     Nilai tercatat/      Tingkat/           Tingkat/           Tingkat/
                                     Carrying value       Level 1            Level 2            Level 3

        Aset keuangan                                                                                                           Financial assets
        Kredit yang diberikan              5.449.285                  -                  -         5.449.285                                 Loans
         Efek-efek yang dibeli                                                                                               Securities purchased
            dengan janji dijual                                                                                              under agreements
            kembali                        2.977.202        3.163.580                    -                 -                            to resell
        Efek-efek - Biaya                                                                                                              Securities -
            perolehan diamortisasi           250.030          250.765                    -                 -                    Amortized cost

                                           8.676.517        3.414.345                    -         5.449.285




                                                                     110
Page 293
                                                                                   The original financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                  PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                            As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


34. Aset Keuangan           dan     Liabilitas      Keuangan              34. Financial Assets                and     Financial       Liabilities
    (lanjutan)                                                                (continued)

   b.   Nilai wajar instrumen keuangan (lanjutan)                             b.     Fair values          of        financial     instruments
                                                                                     (continued)

        Instrumen keuangan yang tidak diukur pada                                    Financial instruments not measured at fair
        nilai wajar (lanjutan)                                                       values (continued)
                                                                   2023
                                  Nilai tercatat/      Tingkat/           Tingkat/             Tingkat/
                                  Carrying value       Level 1            Level 2              Level 3

        Liabilitas keuangan                                                                                                 Financial liabilities
        Simpanan dari nasabah           6.339.203                  -        6.339.203                     -             Deposits from customers
        Simpanan dari bank lain             1.832                  -            1.832                     -            Deposits from other banks
        Efek-efek yang dijual                                                                                                      Securities sold
           dengan janji dibeli                                                                                             under repurchased
           kembali                        385.051          385.051                       -                -                        agreements

                                        6.341.035          385.051          6.341.035                     -


        Sebagian besar dari instrumen keuangan yang                                  Majority of the financial instruments not
        tidak diukur pada nilai wajar, diukur pada biaya                             measured at fair value are measured at
        perolehan diamortisasi. Rincian di bawah ini                                 amortized cost. The following lists those
        menyajikan daftar instrumen keuangan yang                                    financial instruments for which their carrying
        nilai tercatatnya mendekati nilai wajarnya,                                  amount are reasonable approximation of fair
        contohnya, instrumen keuangan jangka pendek                                  value because, for example, they are short term
        atau yang ditinjau ulang menggunakan harga                                   in nature or re-price to current market rates
        pasar secara berkala.                                                        frequently.

        Aset Keuangan:                                                               Financial Assets:

        -    Kas                                                                     -       Cash
        -    Giro pada Bank Indonesia                                                -       Current accounts with Bank Indonesia
        -    Giro pada bank lain                                                     -       Current accounts with other banks
        -    Penempatan pada Bank Indonesia dan                                      -       Placements with Bank Indonesia and other
             bank lain                                                                       banks
        -    Aset lain-lain                                                          -       Other assets

        Liabilitas Keuangan:                                                         Financial Liabilities:

        -   Liabilitas segera                                                        -       Liabilities payable on demand
        -   Efek-efek yang dijual dengan janji dibeli                                -       Securities sell under agreements                    to
            kembali                                                                          purchased
        -   Beban masih harus dibayar dan liabilitas                                 -       Accruals and other liabilities
            lain-lain

        Nilai wajar dari kredit yang diberikan dengan                                The carrying amounts of variable loans and
        suku bunga mengambang dan nilai tercatat                                     short-term fixed rate loans are the reasonable
        atas kredit jangka pendek dengan suku bunga                                  approximation of their fair values. The carrying
        tetap adalah perkiraan yang layak atas nilai                                 amount of long term fixed rate loans shows the
        wajar. Nilai wajar dari kredit jangka panjang                                discounted estimated future cash flows. The
        yang diberikan dengan suku bunga tetap                                       cash flows estimation is discounted at the
        menunjukkan nilai diskon dari perkiraan arus                                 market interest rate to determine fair value.
        kas masa depan yang diharapkan akan diterima
        oleh Bank. Perkiraan arus kas ini didiskontokan
        dengan menggunakan suku bunga pasar untuk
        menentukan nilai wajar.




                                                                  111
Page 294
                                                                              The original financial statements included herein are in
                                                                                                            the Indonesian language.

        PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                       As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


34. Aset Keuangan         dan   Liabilitas    Keuangan                34. Financial Assets          and     Financial     Liabilities
    (lanjutan)                                                            (continued)

   b.    Nilai wajar instrumen keuangan (lanjutan)                       b.    Fair values         of     financial    instruments
                                                                               (continued)

         Nilai wajar efek-efek yang diklasifikasikan                           The carrying amount securities that classified
         sebagai pinjaman yang diberikan dan piutang                           as loans and receivables and held-to-maturity
         dan dimiliki hingga jatuh tempo yang diberikan                        shows the discounted estimated future cash
         dengan suku bunga tetap menunjukkan nilai                             flows. The cash flows estimation is discounted
         diskon dari perkiraan arus kas masa depan                             at the market interest rate to determine fair
         yang diharapkan akan diterima oleh Bank.                              value.
         Perkiraan arus kas ini didiskontokan dengan
         menggunakan suku bunga pasar untuk
         menentukan nilai wajar.

         Nilai wajar simpanan dari nasabah dan                                 The fair value of deposits from customers and
         simpanan dari bank lain sama dengan nilai                             deposits from other banks are same with the
         tercatatnya karena sifatnya dapat ditarik                             carrying amount because they are payable on
         sewaktu-waktu.                                                        demand in nature.

         Perhitungan nilai wajar dilakukan hanya untuk                         The fair values calculated are for disclosure
         kepentingan     pengungkapan      dan    tidak                        purposes only and do not have any impact on
         berdampak pada pelaporan posisi atau kinerja                          the Bank’s reported financial performance or
         keuangan Bank. Nilai wajar yang dihitung oleh                         position. The fair values calculated by the Bank
         Bank mungkin berbeda dengan jumlah aktual                             may be different from the actual amount that will
         yang akan diterima/dibayar pada saat                                  be received/paid on the settlement or maturity
         penyelesaian atau jatuh tempo instrumen                               of the financial instrument. As certain
         keuangan.    Mengingat      kategori tertentu                         categories of financial instruments are not
         instrumen      keuangan        yang      tidak                        traded, there is management consideration
         diperdagangkan, maka terdapat pertimbangan                            involved in calculating the fair values.
         manajemen dalam perhitungan nilai wajar.

35. Sifat Hubungan dan Transaksi dengan Pihak                         35. Nature of Relationship and Transactions With
    Berelasi                                                              Related Parties

   Rincian sifat hubungan dan jenis transaksi yang                       The details of the relationship and type of significant
   signifikan dengan pihak berelasi pada tanggal                         transactions     with related parties as of
   31 Desember 2024 dan 2023 adalah sebagai                              December 31, 2024 and 2023, are as follows:
   berikut:

        Pihak berelasi/             Sifat dari hubungan/                                    Sifat dari transaksi/
        Related parties             Nature of relationship                                 Nature of transaction
   Dewan Komisaris,
   Direksi dan karyawan
   kunci/Board of                                                         Giro, tabungan, deposito berjangka, pinjaman karyawan,
   Commissioners,                                                         pendapatan bunga dan beban bunga/Demand deposits,
   Directors and Bank’s key     Manajemen Bank/                           saving deposits, time deposits, employee loan, interest
   personnel                    The Bank’s Management                     income and interest expenses
                                                                          Penempatan pada bank lain, simpanan dari bank lain,
                                                                          Bank Guarantee, pendapatan bunga dan beban
                                                                          bunga/Placement with other banks, deposits from other
   Qatar National Bank          Perusahaan induk/                         banks, Bank Guarantee, interest income and interest
   (Q.P.S.C.)                   Parent company                            expense.
                                Entitas yang dikendalikan oleh
                                pemerintah yang sama sebagai
                                pemegang saham akhir, State of
                                Qatar/Entity controlled by the same
   Qatar National Bank          government as the ultimate                Simpanan dari bank lain dan beban bunga/Deposits from
   S.A.E                        shareholder, State of Qatar               other banks and interest expense.



                                                           112
Page 295
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                 PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                           As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


35. Sifat Hubungan dan Transaksi dengan Pihak                          35. Nature of Relationship and Transactions With
    Berelasi (lanjutan)                                                    Related Parties (continued)

   Rincian sifat hubungan dan jenis transaksi yang                            The details of the relationship and type of significant
   signifikan dengan pihak berelasi pada tanggal                              transactions     with related parties as of
   31 Desember 2024 dan 2023 adalah sebagai                                   December 31, 2024 and 2023, are as follows:
   berikut: (lanjutan)                                                        (continued)

      Pihak berelasi/                Sifat dari hubungan/                                      Sifat dari transaksi/
      Related parties                Nature of relationship                                   Nature of transaction
                                 Entitas yang dikendalikan oleh
                                 pemerintah yang sama sebagai
                                 pemegang saham akhir, State of
                                 Qatar/Entity controlled by the same
                                 government as the ultimate                   Giro dan beban bunga/
   State of Qatar Embassy        shareholder, State of Qatar                  Demand deposits and interest expense.

                                 Entitas yang dikendalikan oleh
                                 pemerintah yang sama sebagai
                                 pemegang saham akhir, State of
                                 Qatar/Entity controlled by the same
                                 government as the ultimate                   Giro, deposito berjangka dan beban bunga/
   PT Indosat Tbk                shareholder, State of Qatar                  Demand deposits, time deposits and interest expenses


   Transaksi dengan personil manajemen kunci                                  Transactions with key management personnel

   Personil manajemen kunci adalah pihak yang                                 Key management personnel are parties who have
   memiliki kewenangan dan tanggung jawab untuk                               authority and responsibility to control the Bank’s
   mengendalikan aktivitas Bank baik secara langsung                          activities, directly or indirectly.
   maupun tidak langsung.

   Personil manajemen kunci termasuk Dewan                                    Key management personnel include Board of
   Komisaris dan Direksi yang memiliki kewenangan                             Commissioners and Directors that have significant
   dan tanggung jawab yang signifikan untuk                                   authority and responsibility for planning, directing
   merencanakan, mengarahkan dan mengendalikan                                and controlling the Bank’s activities.
   kegiatan Bank.

   Jumlah gaji dan tunjangan Dewan Komisaris dan                              Total of salaries and allowances of the Boards of
   Direksi selama tahun-tahun yang berakhir pada                              Commissioners and Directors for the years ended
   tanggal 31 Desember 2024 dan 2023 adalah                                   December 31, 2024 and 2023, are as follows:
   sebagai berikut:

                                                 2024                  2023
   Dewan Komisaris                                    2.817                2.579                              Board of Commissioners
   Direksi                                           27.362               25.871                                           Directors
   Total                                             30.179               28.450                                                 Total


   Total kompensasi Direksi untuk tahun berjalan terdiri                      Total compensation for Director for the year
   dari:                                                                      comprised of:

                                                 2024                  2023
   Imbalan kerja jangka pendek                       29.430               49.479                        Short terms employee benefits




                                                            113
Page 296
                                                                                         The original financial statements included herein are in
                                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                      PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


35. Sifat Hubungan dan Transaksi dengan Pihak                               35. Nature of Relationship and Transactions With
    Berelasi (lanjutan)                                                         Related Parties (continued)

   Jumlah saldo dan transaksi yang signifikan dengan                               The total of significant balance and transactions with
   pihak-pihak berelasi pada tanggal dan untuk tahun                               related parties as of and for the year ended
   yang berakhir tanggal 31 Desember 2024 dan 2023                                 December 31, 2024 and 2023, are as follows:
   adalah sebagai berikut:

                                                    2024                                        2023

                                    Jumlah/             Persentase/         Jumlah/                 Persentase/
                                    Amount             Percentage *)        Amount                 Percentage *)

   Penempatan pada bank lain              321.900                2,50%                      -                   -      Placement with other banks
   Giro pada bank lain                        316                0,00%                    282              0,00% Current accounts with other banks
   Kredit yang diberikan                      892                0,01%                  1.976              0,02%                               Loans
   Simpanan dari nasabah:                                                                                                Deposits from customers:
    Giro                                   16.935                0,21%              17.039                 0,24%               Demand deposits
    Tabungan                                  596                0,01%                 342                 0,00%                 Saving deposits
    Deposito berjangka                     80.898                1,00%              62.764                 0,89%                    Time deposits
   Simpanan dari bank lain                322.474                3,98%                 276                 0,00%         Deposits from other banks
   Pendapatan bunga                            85                0,01%               9.150                 0,97%                    Interest income
   Beban bunga                              4.784                1,69%               3.573                 0,81%                 Interest expenses

   *)   Persentase terhadap    jumlah   aset/liabilitas/pendapatan/                *)     Percentage     of        total       assets/liabilities/respective
        beban terkait                                                                     income/expense

36. Komitmen dan Kontinjensi                                                36. Commitments and Contingencies

                                                       2024                 2023


   Komitmen                                                                                                                      Commintments
   Liabilitas komitmen                                                                                                      Committed liabilities
      L/C yang tidak dapat dibatalkan                                 -      (141.420)                              Irrevocable letters of credit
   Total liabilitas komitmen                                          -      (141.420)                                Total committed liabilities


   Kontinjensi                                                                                                                       Contingencies
   Tagihan kontinjensi                                                                                                       Contingent receivables
   Bank garansi yang diterima                              179.380            218.883                                      Bank guarantees received
   Pendapatan bunga dalam                                                                                                         Interest income on
      penyelesaian                                         146.722            107.642                                        non-performing loans
   Total tagihan kontinjensi                               326.102            326.525                                Total contingent receivables
   Liabilitas kontinjensi                                                                                                      Contingent liabilities
   Bank garansi yang diterbitkan                                      -        (3.562)                                      Bank guarantees issued
   Total aset kontinjensi - neto                           326.102            322.963                                Total contingent assets - net
   Total aset komitmen dan
      kontinjensi - neto                                   326.102            181.543             Total committed and contingent assets - net


   Jumlah fasilitas kredit (uncommitted dan committed)                             The Bank’s unused loan facilities (uncommitted and
   Bank kepada nasabah yang belum digunakan pada                                   committed) granted to customers as of December
   tanggal 31 Desember 2024 dan 2023 adalah                                        31, 2024 and 2023, are amounted to Rp2,406,012
   masing-masing       sebesar    Rp2.406.012     dan                              Rp3,901,100, respectively.
   Rp3.901.100.




                                                                      114
Page 297
                                                                                    The original financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                    PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                              As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


37. Aset dan Liabilitas dalam Valuta Asing                                37. Assets and Liabilities Denominated in Foreign
                                                                              Currencies

                                                    2024                                   2023

                                   Valuta asing                           Valuta asing
                                   (dalam Nilai                           (dalam Nilai
                                 penuh)/Foreign                         penuh)/Foreign
                                    currencies         Ekuivalen Rp/       currencies         Ekuivalen Rp/
                                 (in full amount)      Equivalent Rp    (in full amount)      Equivalent Rp

    Aset                                                                                                                                     Assets
    Kas                                                                                                                                         Cash
     Dolar Amerika Serikat               511.490                8.232           242.377                3.732               United States Dollar
     Dolar Singapura                     134.132                1.589           112.002                1.308                   Singapore Dollar
     Dolar Australia                          30                    -                25                    -                   Australian Dollar
                                                                                                                             Current accounts with
    Giro pada Bank Indonesia                                                                                                    Bank Indonesia
     Dolar Amerika Serikat             7.500.000              120.713         6.200.000               95.461             United States Dollar
    Giro pada bank lain - neto                                                                                               Current accounts with
                                                                                                                                   other banks - net
     - Pihak berelasi                                                                                                              Related party -
        Riyal Qatar                       71.649                 316             66.832                 282                          Qatari Riyal
     - Pihak ketiga                                                                                                                 Third parties -
        Euro Eropa                        72.649                1.222           861.422               14.677                     European Euro
        Dolar Amerika Serikat          1.205.088               19.396         6.244.955               96.154              United States Dollar
        Dolar Australia                   58.448                  585           490.865                5.164                   Australian Dollar
        Dolar Singapura                   71.218                  844           980.783               11.452                   Singapore Dollar
        Dolar Hong Kong                   42.598                   88            53.372                  105                  Hong Kong Dollar
        Yen Jepang                    17.991.022                1.854       291.325.346               31.720                      Japanese Yen
        Poundsterling Inggris             36.713                  742           100.428                1.971       Great Britiain Poundsterling
        Yuan China                        69.260                  152            69.082                  150                      Chinese Yuan
   Penempatan pada Bank Indonesia                                                                                 Placements with Bank Indonesia
     dan bank lain                                                                                                              and other banks
     - Pihak berelasi                                                                                                            Related parties -
        Dolar Amerika Serikat         20.000.000              321.900                  -                      -           United States Dollar
      - Pihak ketiga                                                                                                                Third parties -
        Dolar Amerika Serikat         57.000.000              917.415        43.000.000              662.071              United States Dollar
   Kredit yang diberikan - neto                                                                                                          Loans - net
     Dolar Amerika Serikat            96.666.653            1.555.850        82.684.962            1.273.100                United States Dollar
   Efek-efek                                                                                                                               Securities
        Dolar Amerika Serikat          9.983.572              160.686                  -                      -             United States Dollar
   Aset lain-lain                                                                                                                       Other assets
     Dolar Amerika Serikat               577.274                9.291           643.419                9.907                United States Dollar
     Dolar Australia                         164                    2               158                    2                     Australian Dollar
     Euro Eropa                                2                    -                 3                    -                       European Euro
     Yen Jepang                              307                    -               309                    -                        Japanese Yen
     Dolar Singapura                           1                    -                 1                    -                     Singapore Dollar

    Total asset                                             3.120.877                              2.207.256                          Total assets


   Liabilitas                                                                                                                             Liabilities
   Liabilitas segera                                                                                                Liabilities payable on demand
     Euro Eropa                               64                    1               597                   10                      European Euro
     Dolar Amerika Serikat               410.140                6.601            65.509                1.010                 United States Dollar
     Dolar Australia                       2.522                   25                 6                    -                     Australian Dollar
     Dolar Singapura                          33                    -             1.124                   13                     Singapore Dollar
     Poundsterling Inggris                    36                    1                                               Great Britain Poundsterling
   Simpanan dari nasabah                                                                                                 Deposits from customers
     - Pihak berelasi                                                                                                            Related parties -
       Dolar Amerika Serikat           5.949.736               95.751         5.075.118               78.142               United States Dollar
     - Pihak ketiga                                                                                                                 Third parties -
       Euro Eropa                        433.637                7.267           860.760               14.666                     European Euro
       Dolar Amerika Serikat         227.125.193            3.655.580       148.455.874            2.285.504              United States Dollar
       Dolar Australia                 3.334.660               33.392           475.910                5.007                   Australian Dollar
       Dolar Singapura                 1.004.848               11.902         1.093.642               12.770                   Singapore Dollar
       Dolar Hong Kong                     3.557                    7             4.156                    8                  Hong Kong Dollar
       Yen Jepang                    146.688.127               15.113       281.379.600               30.637                     Japanese Yen
       Poundsterling Inggris              48.482                  980           155.803                3.058       Great Britain Poundsterling
       Riyal Qatar                        14.002                   62             8.416                   36                        Qatari Riyal




                                                                  115
Page 298
                                                                                       The original financial statements included herein are in
                                                                                                                     the Indonesian language.

         PT BANK QNB INDONESIA TBK                                                      PT BANK QNB INDONESIA TBK
      CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2024 dan untuk                                                As of December 31, 2024 and
    Tahun yang Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                      unless otherwise stated)


37. Aset dan Liabilitas dalam Valuta Asing (lanjutan)                        37. Assets and Liabilities Denominated in Foreign
                                                                                 Currencies (continued)

                                                      2024                                    2023

                                     Valuta asing                            Valuta asing
                                     (dalam Nilai                            (dalam Nilai
                                   penuh)/Foreign                          penuh)/Foreign
                                      currencies         Ekuivalen Rp/        currencies         Ekuivalen Rp/
                                   (in full amount)      Equivalent Rp     (in full amount)      Equivalent Rp

   Liabilitas (lanjutan)                                                                                                    Liabilities (continued)
   Simpanan dari bank lain                                                                                                Deposits from Other Bank
     - Pihak berelasi                                                                                                           Related parties -
         Dolar Amerika Serikat          20.000.000              321.900                   -                      -           United States Dollar
     - Pihak ketiga                                                                                                                 Third parties -
         Dolar Amerika Serikat                 801                   13            100.789                1.552            United States Dollar
   Beban masih harus dibayar dan
     liabilitas lain-lain                                                                                               Accruals and other liabilities
         Dolar Amerika Serikat             725.024               11.669            392.129                6.036             United States Dollar
         Euro Eropa                              -                    -                  2                    -                  European Euro
         Dolar Singapura                       330                    4                286                    3                 Singapore Dollar
         Dolar Australia                         4                    -                 70                    1                 Australian Dollar
         Yen Jepang                        210.737                   22                  2                    -                   Japanese Yen
         Poundsterling Inggris                   -                    -                  4                    -      Great Britain Poundsterling

    Total liabilitas                                          4.160.300                               2.438.723                      Total liabilities

    Total aset - neto                                        (1.039.423)                               (231.467)                  Total assets - net




38. Jaminan terhadap Kewajiban Pembayaran Bank                               38. Guarantees on The Obligations of Commercial
    Umum                                                                         Banks

    Berdasarkan Undang-Undang No. 24 tanggal                                       Based on Law No. 24 dated September 22, 2004,
    22 September 2004, efektif sejak tanggal                                       effective September 22, 2005, Indonesian Deposit
    22 September 2005, Lembaga Penjamin Simpanan                                   Insurance Corporation (Lembaga Penjamin
    (LPS) dibentuk untuk menjamin kewajiban tertentu                               Simpanan/LPS) was established to provide
    bank-bank umum berdasarkan program penjaminan                                  guarantee on certain deposits from customers
    yang berlaku.                                                                  based on prevailing guarantee schemes.

    Total premi penjaminan yang dibayarkan untuk                                   The guarantee premium paid for the period ended
    periode yang berakhir tanggal 31 Desember 2024                                 December 31, 2024 and 2023 amounted to Rp9,691
    dan 2023 adalah sebesar Rp9.691 dan Rp19.977                                   and Rp19,977, respectively (Note 32).
    (Catatan 32).

    Pada tanggal 31 Desember 2024 dan 2023, tingkat                                As of December 31, 2024 and 2023 , interest rates
    suku bunga atas simpanan yang dijamin oleh LPS                                 of deposits secured by LPS were 4.25% and 4.25%
    masing-masing sebesar 4,25% dan 4,25% untuk                                    respectively, for Rupiah currency, and 2.25% and
    mata uang Rupiah, serta masing-masing sebesar                                  2.25%, respectively, for foreign currency.
    2,25% dan 2,25% untuk valuta asing.




                                                                    116
Page 299
                                                                      The original financial statements included herein are in
                                                                                                    the Indonesian language.

        PT BANK QNB INDONESIA TBK                                     PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                               As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


39. Segmen Operasi                                            39. Operating Segment

   a.   Bidang usaha                                             a.    Business activities

        Segmen Bank disajikan berdasarkan jenis                        The Bank’s segment information is presented
        kegiatan usahanya, yakni kredit, treasuri dan                  based on its business activities, namely credit,
        ekspor-impor.                                                  treasury and trade finance.

   b.   Segmen usaha                                             b.    Business segment

        Segmen geografis                                               Geographic segment

        Bank tidak mempunyai pendapatan dan aset                       The Bank does not have revenues and non-
        tidak lancar dari pelanggan eksternal selain                   current asset from external customers other
        yang diatribusikan kepada Negara domisili                      than attributed to the Bank’s country of
        bank.                                                          domicile.

        Segmen operasi                                                 Operating segment

        Segmen operasi dilaporkan sesuai dengan                        Operating segments         are   reported in
        laporan internal Bank yang disiapkan untuk                     accordance with the internal reporting provided
        pengambilan keputusan operasional yang                         to the chief operating decision maker which is
        bertanggung jawab untuk mengalokasikan                         responsible for allocating resources to certain
        sumber daya ke segmen tertentu dan penilaian                   segments and performance assessments.
        atas kinerjanya.

        Seperti yang dijelaskan di Catatan 2ac, Bank                   As explained in Note 2ac, the Bank is being
        saat ini dikelola sebagai segmen operasi                       managed as a single operating segment.
        tunggal. Pada saat ini, Bank hanya                             Currently, the Bank only analyzes segment
        menganalisa segmen secara geografis dimana                     based on the geographical area where the
        manajemen     menelaah      laporan  internal                  management reviews internal management
        manajemen secara bulanan untuk masing-                         reports on a monthly basis for each area.
        masing area.

        Tidak ada pendapatan dari satu konsumen                        There was no revenue from transactions with a
        eksternal atau pihak lain yang mencapai 10%                    single external customer or counterparty
        atau lebih dari total pendapatan Bank untuk                    reached 10% or more of the Bank’s total
        tahun     yang    berakhir    pada   tanggal                   revenuec     for   the      period    ended
        31 Desember 2024 dan 2023.                                     December 31, 2024 and 2023.

        Bank mengelola kegiatan operasinya dan                         The Bank manages its operating activities and
        mengidentifikasi segmen yang dilaporkan                        indentifies its reporting segments based on
        berdasarkan wilayah geografis yang terbagi                     geographical area that allocated into several
        menjadi beberapa area, yaitu Jakarta,                          areas, namely, Jakarta, Sumatera, West Java
        Sumatera, Jawa Barat dan Jawa Timur.                           and East Java.




                                                        117
Page 300
                                                                                 The original financial statements included herein are in
                                                                                                               the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                          As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


39. Segmen Operasi (lanjutan)                                          39. Operating Segment (continued)

    b.   Segmen usaha (lanjutan)                                            b.     Business segment (continued)

         Segmen operasi (lanjutan)                                                 Operating segment (continued)

         Segmen Operasi Bank berdasarkan letak                                     Geographical segment information of the Bank
         geografis adalah sebagai berikut:                                         was as follows:

                                                                2024
                                                                     Jawa Barat dan
                                                                      Jawa Timur/
                                                                     West Java and
                                     Jakarta        Sumatera           East Java             Total


         Pendapatan bunga - neto         359.443         76.391              15.085             450.919              Interest income - net
         Provisi dan komisi - neto        25.745          2.986               2.831              31.562        Fees and commission - net
         Pendapatan (beban)                                                                                               Other operating
           operasional lainnya            63.640          (1.988)                12              61.664              income (expenses)
         Beban operasional              (428.621)        (15.880)           (13.324)           (457.825)              Operating expenses
         Pendapatan bukan                                                                                                  Non-Operating
           operasional                         90               -                   -                90                           income

         Laba sebelum pajak
           penghasilan                    20.297         61.509               4.604              86.410               Income before tax


         Total aset                   12.768.212          24.806             59.855          12.852.873                      Total assets
         Total liabilitas              6.562.458       1.163.646            378.057           8.104.161                    Total liabilities



                                                                2023

                                                                     Jawa Barat dan
                                                                      Jawa Timur/
                                                                     West Java and
                                     Jakarta        Sumatera           East Java             Total


         Pendapatan bunga - neto         350.255        127.544              46.076             523.875              Interest income - net
         Provisi dan komisi - neto        47.403          7.313               8.290              63.006        Fees and commission - net
         Pendapatan (beban)                                                                                               Other operating
           operasional lainnya           183.392         (2.177)                149             181.364              income (expenses)
         Beban operasional              (690.208)        17.316             (27.646)           (700.538)              Operating expenses
         Pendapatan bukan                                                                                                  Non-Operating
           operasional                     3.712                -                 115             3.827                           income
         Beban bukan operasional          (2.100)               -                (185)           (2.285)         Non-Operating expenses

         Laba sebelum pajak
           penghasilan                  (107.546)       149.996              26.799              69.249               Income before tax


         Total aset                   11.673.554          18.135             61.796          11.753.485                      Total assets
         Total liabilitas              5.109.792       1.504.077            448.167           7.062.036                    Total liabilities



         Pendapatan bunga, pendapatan provisi dan                                  The Bank’s interest income, fees and
         komisi, pendapatan operasional lainnya dan                                commission income, other operating income
         pendapatan non-operasional Bank berasal dari                              and non-operating income were generated from
         pelanggan/pihak lain yang berdomisili di                                  its customers/counterparties domiciled in
         Indonesia.                                                                Indonesia.




                                                               118
Page 301
                                                                      The original financial statements included herein are in
                                                                                                    the Indonesian language.

        PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


40. Perjanjian yang Material                                    40. Material Agreements

    Perjanjian Sewa Menyewa Gedung dengan                          Leased Agreement with PT Adinusa Puripratama
    PT Adinusa Puritapratama

    Pada tanggal 11 April 2019, Bank menandatangani                On April 11, 2019, the Bank signed lease agreement
    perjanjian sewa menyewa dengan PT Adinusa                      with PT Adinusa Puripratama, whereby the Bank
    Puripratama, dimana Bank menyewa gedung                        leased Revenue Tower Ground Floor & 7,8,9
    Revenue Tower Lantai Dasar & 7,8,9 District 8 Jalan            located at District 8 Jalan Jend. Sudirman Kav 52-
    Jend. Sudirman Kav 52-53, Jakarta, yang digunakan              53, Jakarta, currently occupied as the Bank’s Head
    sebagai Kantor Pusat Bank dan kantor cabang.                   Office and branch office. This agreement was
    Perjanjian berlaku untuk jangka waktu 10 tahun                 effective for the period 10 years since signing of the
    sejak ditandatanganinya perjanjian.                            agreement.

    Perjanjian   Kerjasama     dengan     PT   Allianz             Mutual Agreement with PT Allianz Indonesia
    Indonesia

    Bank mengadakan perjanjian dengan PT Asuransi                  Bank signed an agreement with PT Asuransi Allianz
    Allianz Life Indonesia sehubungan dengan                       Life Indonesia in relation to market the insurance
    penjualan produk Asuransi sesuai dengan model                  product in accordance with Bancassurance
    bisnis Bancassurance. Perjanjian kerjasama                     Business Model. This agreement was effective
    berlaku sejak 10 Desember 2019 untuk jangka                    since December 10, 2019 for the period of 10 years
    waktu 10 tahun sejak ditandatanganinya perjanjian              since the signing of the agreement. On 2020 this
    ini dan pada tahun 2020 perjanjian kerjasama ini di            agreement was approved by Financial Authorities
    setujui oleh Otoritas Jasa Keuangan.                           Service.

    Perjanjian Kerjasama dengan PT Indosat Tbk                     Mutual Agreement with PT Indosat Tbk and
    dan PT Yuinsight Techologies International                     PT Yuinsight Techologies International

    Bank mengadakan perjanjian dengan PT Indosat                   Bank signed an agreement PT Indosat Tbk and
    Tbk dan PT Yuinsight Techologies International                 PT Yuinsight Techologies International in relation to
    sehubungan dengan pengembangan produk jasa                     banking product development. This agreement was
    perbankan. Perjanjian kerjasama berlaku sejak                  effective since September 14, 2020 for the period of
    14 September 2020 untuk jangka waktu 5 tahun                   5 years since the effective date.
    sejak tanggal efektif.

    Perjanjian Perubahan Akta Sewa Menyewa                         Amendment in the Lease Deed Agreement on a
    Rumah (Kantor) dengan Nyonya Titin Ratnasari                   House (Office) with Mrs. Titin Ratnasari

    Pada Mei 2024, Bank menandatangani perubahan                   On May 2024, the Bank signed the lease deed
    perjanjian sewa menyewa dengan Nyonya Titin                    agreement with Mrs. Titin Ratnasari, whereby the
    Ratnasari, dimana Bank melakukan perpanjangan                  Bank extend the lease of a house (office) located at
    sewa menyewa rumah (kantor) Jalan Ir. H. Juanda                Jalan Ir. H. Juanda No. 11, Bandung, currently
    No. 11, Bandung, yang digunakan sebagai kantor                 occupied as the Bank’s branch office. This lease
    cabang Bank. Perjanjian sewa menyewa berlaku                   agreement was effective until December 3, 2024
    sampai dengan tanggal 3 Desember 2024 dan telah                and has been extended until December 3, 2027.
    diperpanjang sampai dengan tanggal 3 Desember
    2027.

    Perjanjian Kerjasama Sewa Menyewa Kantor                       Mutual agreement in the Lease Deed Agreement
    dengan Nyonya Rosdewi                                          on a Office with Mrs. Rosdewi

    Pada Agustus 2024, Bank menandatangani                         On August 2024, the Bank signed the lease deed
    perjanjian sewa menyewa dengan Nyonya Rosdewi,                 agreement with Mrs. Rosdewi, whereby the Bank
    dimana Bank melakukan perjanjian sewa menyewa                  lease of a office located at Jalan Pemuda No. 05,
    kantor Jalan Pemuda No. 05, Medan, yang                        Medan, occupied as the Bank’s branch office. This
    digunakan sebagai kantor cabang Bank. Perjanjian               lease agreement was effective until June 1, 2030.
    sewa menyewa berlaku sampai dengan tanggal 1
    Juni 2030.



                                                          119
Page 302
                                                                            The original financial statements included herein are in
                                                                                                          the Indonesian language.

        PT BANK QNB INDONESIA TBK                                             PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                       As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


41. Aset Kontinjensi                                                41. Contingency Asset

    Sepanjang tahun 2024 dan 2023, Bank menghadapi                       During 2024 and 2023, the Bank faced several
    beberapa kasus hukum yang masih dalam proses                         unresolved legal cases, and lawsuits related to the
    dan gugatan sehubungan dengan kegiatan usaha                         Bank’s business activities. It is not possible for the
    Bank. Tidak memungkinkan bagi Bank untuk                             Bank to predict with certainty whether the Bank will
    memperkirakan dengan pasti apakah Bank akan                          succeed in each of these legal cases or, if not, the
    berhasil dalam setiap kasus hukum tersebut, atau                     repercussions that may arise. However, the Bank
    jika tidak, dampak yang mungkin timbul, namun                        ensures the Bank’s legal position on the legal issues
    demikian Bank memastikan bahwa posisi hukum                          is strong and will not affect the ongoing business.
    Bank atas permasalahan hukum tersebut kuat dan
    tidak akan mempengaruhi usaha yang sedang
    dijalankan Bank.

42. Transaksi Non-Kas                                               42. Non-Cash Transaction

    Pada tanggal 31 Desember 2024, terdapat transaksi                    As of December 31, 2024, there are non-cash
    non-kas atas reklasifikasi dari biaya dibayar dimuka                 transactions from advance payment to intangible
    ke aset takberwujud dengan total sebesar Rp4.356.                    assets total amounted to Rp4,356. In addition, there
    Selain itu, terdapat reklasifikasi dari biaya dibayar                are reclassification from advance payment to fixed
    dimuka menjadi aset tetap sebesar Rp6.103.                           assets amounting to Rp6,103.

    Pada tanggal 31 Desember 2023, terdapat transaksi                    As of December 31, 2023, there are non-cash
    non-kas atas reklasifikasi lisensi dan perangkat                     transactions of license and software reclassification
    lunak dari biaya dibayar dimuka ke aset takberwujud                  from advance payment to intangible assets total
    dengan total sebesar Rp14.465. Selain itu, terdapat                  amounted to Rp14,465. In addition, there are
    reklasifikasi dari biaya dibayar dimuka menjadi                      reclassification from advance payment to hardware
    perangkat keras sebesar Rp13.562 dan reklasifikasi                   amounting to Rp13,562 and reclassification from
    dari bangunan ke properti terbengkalai sebesar                       building to abandoned property amounting to
    Rp6.124.                                                             Rp6,124.

43. Informasi Tambahan Arus Kas                                     43. Supplemental Information Of Cash Flow

    Rekonsiliasi liabilitas yang timbul dari aktivitas                   Reconciliation of liabilities occurred from financing
    pendanaan.                                                           activities.

    Tabel dibawah ini menunjukkan rekonsiliasi liabilitas                The table below shoes reconciliation of liabilities
    yang timbul dari pendanaan untuk periode yang                        occurred from financing activities for the year ended
    berakhir pada tanggal 31 Desember 2024 dan 2023,                     December 31, 2024 and 2023, as follows:
    sebagai berikut:

                               31 Desember/                                         31 Desember/
                               December 31,     Arus Kas/        Perubahan non-kas/ December 31,
                                   2023         Cash flows        Non-cash changes      2024

   Liabilitas sewa                   106.636          (23.062)            13.223            96.797                    Lease liability

    Total                            106.636          (23.062)            13.223            96.797                             Total


                               31 Desember/                                         31 Desember/
                               December 31,     Arus Kas/        Perubahan non-kas/ December 31,
                                   2022         Cash flows        Non-cash changes      2023

   Liabilitas sewa                    124.580         (24.148)             6.204           106.636                    Lease liability
   Pinjaman yang diterima           1.000.000      (1.000.000)                 -                 -                      Borrowings

    Total                           1.124.580      (1.024.148)             6.204           106.636                             Total




                                                            120
Page 303
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


44. Standar Akuntansi dan Interpretasi Standar yang            44. New Accounting Standard and Interpretation of
    Telah Disahkan Namun Belum Berlaku Efektif                     Standard Which Has Issued But Not Yet
                                                                   Effective

    Berikut ini ikhtisar Pernyataan Standar Akuntansi             The following summarize the Statement of Financial
    Keuangan (PSAK) dan Interpretasi Standar                      Accounting Standards (PSAK) and Interpretation of
    Akuntansi Keuangan (ISAK) yang telah disahkan                 Financial Accounting Standards (ISAK) issued by
    oleh Dewan Standar Akuntansi Keuangan (DSAK)                  Board of Financial Accounting Standards (DSAK)
    namun belum berlaku efektif untuk laporan                     but not yet effective for the financial statements for
    keuangan untuk tahun yang berakhir pada tanggal               the year ended December 31, 2024:
    31 Desember 2024:

    Berlaku efektif pada atau setelah tanggal                     Effective on or after January 1, 2025
    1 Januari 2025

    Amandemen PSAK No. 221 “Pengaruh Perubahan                    Amendment to PSAK No. 221 “The Effect of
    Kurs    Valuta    Asing    tentang     Kekurangan             Changes in Foreign Exchange Rates on the Lack of
    Ketertukaran”. Penerapan lebih dini diperkenankan.            Convertibility”. Early application is permitted.

    Berlaku efektif pada atau setelah tanggal                     Effective on or after January 1, 2026
    1 Januari 2026

    Amandemen PSAK 109 “Instrumen Keuangan” dan                   Amendments of PSAK 109, "Financial Instruments,"
    PSAK 107 “Instrumen Keuangan Pengungkapan                     and PSAK 107, "Financial Instruments: Disclosures
    tentang Klasifikasi dan Pengukuran Instrumen                  about the Classification and Measurement of
    Keuangan”.                                                    Financial Instruments".

    Amendemen ini menambahkan dan mengklarifikasi                 These amendments adding and clarify statement in
    ketentuan dalam dalam PSAK 109 terkait                        PSAK 109 regarding derecognition of financial
    penghentian pengakuan liabilitas keuangan, serta              liabilities, as well as clarify the assessment of cash
    mengklarifikasi penilaian karakteristik arus kas              flow characteristics for financial assets with ESG-
    untuk aset keuangan dengan fitur ESG-linked, aset             linked features, financial assets with non-recourse
    keuangan dengan fitur non-recourse, dan instrumen             features, and contractually bound instruments such
    yang terikat secara kontraktual seperti tranche.              as tranches. The amendments also revise the
    Amendemen ini juga mengubah ketentuan dalam                   statement in PSAK 107 regarding the disclosure
    PSAK 107 terkait persyaratan pengungkapan                     requirements for investments in equity instruments
    investasi pada instrumen ekuitas yang diukur pada             measured at fair value through other comprehensive
    nilai wajar melalui penghasilan komprehensif lain             income and adding statament related to financial
    dan menambah ketentuan terkait instrumen                      instruments with contractual terms that alter the
    keuangan dengan persyaratan kontraktual yang                  timing or amount of contractual cash flows.
    mengubah waktu atau jumlah arus kas kontraktual.

    Pada saat penerbitan laporan keuangan, Bank                   As at the authorization date of this financial
    masih mempelajari dampak yang akan mungkin                    ststements, the Bank are still evaluating the
    timbul dari penerapan standar baru dan revisi                 potential impact of these new and revised standards
    tersebut serta pengaruhnya terhadap laporan                   to the financial ststements.
    keuangan.




                                                         121
Page 304
                                                                           The original financial statements included herein are in
                                                                                                         the Indonesian language.

        PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. Pengungkapan Informasi Tambahan              dalam         45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan                                  Statements
   Informasi tambahan berikut yang disajikan di bawah                 The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                      information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                       not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                     Accounting Standards.
   Indonesia.

   a.   Giro pada Bank Indonesia                                      a.    Current Accounts with Bank Indonesia

        Bank dipersyaratkan untuk memiliki Giro Wajib                       The Bank is required to maintain Minimum
        Minimum (GWM) dalam mata uang Rupiah                                Statutory Reserves (GWM) in Rupiah for
        dalam kegiatannya sebagai Bank Umum                                 Conventional Commercial Banking, and
        Konvensional, serta GWM dalam mata uang                             Minimum Statutory Reserves in foreign
        asing dalam kegiatannya melakukan transaksi                         currencies for foreign exchange transactions.
        mata uang asing.
        Rasio Giro Wajib Minimum (GWM) pada                                 The Minimum Statutory Reserves(GWM) ratio
        tanggal 31 Desember 2024 dan 2023 adalah                            as of December 31, 2024 and 2023 are as
        sebagai berikut:                                                    follows:
                                               2024            2023

        Rupiah                                                                                                        Rupiah
           Giro Wajib Minimum Harian              7,74%          10,08%                  Daily Minimum Statutory Reserves
           Giro Wajib Minimum Rata-rata           8,39%           8,84%               Average Minimum Statutory Reserves

        Valuta asing                                                                                       Foreign currencies
            Giro Wajib Minimum Harian             4,19%           4,01%                  Daily Minimum Statutory Reserves
            Giro Wajib Minimum Rata-rata          4,19%           4,01%               Average Minimum Statutory Reserves

        Penyangga Likuiditas Mikroprudensial                                                  Macroprudential Liquidity Reserve
           d/h Giro Wajib Minimum                50,84%          76,35%                            d/h Secondary Minimum
           Sekunder                              50,84%          76,35%                                 Statutory Reserves

        Rasio GWM pada tanggal 31 Desember 2024                             The calculation of the GWM ratios as of
        dan 2023 dihitung berdasarkan Peraturan Bank                        December 31, 2024 and 2023 is based on Bank
        Indonesia No. 20/3/PBI/2018 tanggal 29 Maret                        Indonesia regulation (PBI) No. 20/3/PBI/2018
        2018 yang telah diubah beberapa kali, terakhir                      dated March 29, 2018, which has been
        dengan PBI No. 24/4/PBI/2022 tanggal 25                             amended several times, the latest with PBI No.
        Februari 2022. PBI tersebut dijelaskan oleh                         24/4/PBI/2022 dated February 25, 2022. The
        Peraturan Anggota Dewan Gubernur (PADG)                             PBI is explained by Regulations of Members of
        No. 20/10/PADG/2018 tanggal 31 Mei 2018                             the     Board      of  Governors       (PADG)
        sebagaimana telah diubah beberapa kali                              No. 20/10/PADG/2018 dated May 31, 2018
        dengan PADG No.20/30/PADG/2018 tanggal                              which has been amended several times with
        30        November        2018,        PADG                         PADG No. 20/30/PADG/2018 dated November
        No. 21/14/PADG/2019 tanggal 26 Juni 2019                            30, 2018, PADG No. 21/14/PADG/2019 dated
        sebagaimana telah diubah beberapa kali                              June 26, 2019 which has been amended
        dengan PADG No. 21/27/PADG/2019 tanggal                             several      times    with     PADG        No.
        26     Desember      2019,     PADG       No.                       21/27/PADG/2019 dated December 26, 2019,
        22/2/PADG/2020 tanggal 13 Maret 2020, PADG                          PADG No. 22/2/PADG/2020 dated March 13
        No. 22/10/PADG/2020 tanggal 30 April 2020,                          2020 PADG No. 22/10/PADG/2020 dated April
        PADG No. 22/19/PADG/2020 tanggal 29 Juli                            30, 2020, PADG No. 22/19/PADG/2020 dated
        2020, PADG No. 23/27/PADG/2021 tanggal                              July 29, 2020, PADG No.23/27/PADG/2021
        21     Desember      2021,     PADG       No.                       dated December 21, 2021, PADG No.
        24/3/PADG/2022 tanggal 1 Maret 2022, PADG                           24/3/PADG/2022 dated March 1, 2022, PADG
        No. 24/8/PADG/2022 tanggal 30 Juni 2022,                            No. 24/8/PADG/2022 dated June 30, 2022,
        PADG No. 2 Tahun 2023 tanggal 24 Maret 2023                         PADG No. 2 year of 2023 dated March 24, 2023
        dan perubahan terakhir pada PADG No. 12                             and the latest amendment by PADG No.12 year
        Tahun 2023 tanggal 1 Oktober 2023 tentang                           of 2023 dated October 1, 2023 regarding
        “Giro Wajib Minimum dalam Rupiah dan Valuta                         “Minimum Statutory Reserve Requirements in
        Asing bagi Bank Umum Konvensional, Bank                             Rupiah and Foreign Currencies of Conventional
        Umum Syariah, dan Unit Usaha Syariah”.                              Commercial Banking, Sharia Commercial
                                                                            Banking and Sharia Business Units”.
                                                         122
Page 305
                                                                         The original financial statements included herein are in
                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                       45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                        Statements (continued)
   Informasi tambahan berikut yang disajikan di bawah               The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                    information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                     not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                   Accounting Standards. (continued)
   Indonesia. (lanjutan)

   a.   Giro pada Bank Indonesia (lanjutan)                         a.    Current Accounts with Bank Indonesia
                                                                          (continued)

        Pada tanggal-tanggal 31 Desember 2024 dan                         As of December 31, 2024 and 2023, The Bank
        2023, Bank juga harus memenuhi Peraturan                          must also comply with Bank Indonesia
        Bank Indonesia (PBI) No. 20/4/PBI/2018                            Regulation (PBI) No. 20/4/PBI/2018 dated
        tanggal 29 Maret 2018 tentang “Rasio                              March 29, 2018 regarding “Macroprudential
        Intermediasi Makroprudensial dan Penyangga                        Intermediation Ratios and Macroprudential
        Likuiditas Makroprudensial bagi Bank Umum                         Liquidity Buffers for Conventional Commercial
        Konvensional, Bank Umum Syariah, dan Unit                         Banks, Sharia Commercial Banks, and Sharia
        Usaha Syariah” sebagaimana telah diubah                           Business Unit” which has been amended with
        dengan PBI No. 21/12/PBI/2019 tanggal                             PBI 21/12/PBI/2019 dated November 25, 2019,
        25 November 2019, PBI No. 22/17/PBI/2020                          PBI       No.        22/17/PBI/2020      dated
        tanggal 30 September 2020, dan PBI                                September 30, 2020 and PBI 24/16/PBI/2022
        No.24/16/PBI/2022 tanggal 1 November 2022                         dated November 1, 2022, which is explained
        yang dijelaskan melalui Peraturan Anggota                         through PADGNo. 21/22/PADG/2019 dated
        Dewan       Gubernur     No.21/22/PADG/2019                       November 28, 2019 which has been amended
        tanggal 28 November 2019 yang telah diubah                        with PADGNo. 21/11/PADG/2020 dated
        dengan PADG No. 21/11/PADG/2020 tanggal                           April 29, 2020, PADG No. 22/30/PADG/2020
        29 April 2020, PADG 22/30/PADG/2020 tanggal                       dated October 5, 2020, PADG No.
        5 Oktober 2020, PADG No. 23/7/PADG/2021                           23/7/PADG/2021 dated April 26, 2021, PADG
        tanggal 26 April        2021,    PADG    No.                      No.           23/31/PADG/2021            dated
        23/31/PADG/2021 tanggal 31 Desember 2021                          December 31, 2021 and the latest amendment
        dan        perubahan      terakhir    PADG                        by      PADG       24/14/PADG/2022       dated
        No.          24/14/PADG/2022         tanggal                      November         1,       2022      concerning
        1 November 2022 tentang “Rasio Intermediasi                       “Macroprudential Intermediation Ratio and
        Makroprudensial dan Penyangga Likuiditas                          Macroprudential       Liquidity   Buffer    for
        Makroprudensial      bagi     Bank    Umum                        Conventional Commercial Banks, Sharia
        Konvensional, Bank Umum Syariah, dan Unit                         Commercial Banks, and Sharia Business
        Usaha Syariah”.                                                   Units”.

        Bank      Indonesia    melakukan    penguatan                     Bank Indonesia has strengthened incentive
        kebijakan insentif untuk mendorong peranan                        policy to stimulate the role of banks in financing
        perbankan dalam pembiayaan kepada sektor                          priority sectors in accordance with Bank
        prioritas sesuai Peraturan Bank Indonesia (PBI)                   Indonesia Regulation (PBI) No. 24/5/PBI/2022
        No. 24/5/PBI/2022 tentang Insentif bagi Bank                      regarding Incentives for Banks Providing Funds
        yang Memberikan Penyediaan Dana untuk                             for Certain and Inclusive Economic Activities
        Kegiatan Ekonomi Tertentu dan Inklusif tanggal                    dated February 25, 2022, as further regulated
        25 Februari 2022, sebagaimana diatur lebih                        through PADG No. 24/4/PADG/2022 dated
        lanjut melalui PADG No. 24/4/PADG/2022                            March 1, 2022 as amended by the latest
        tanggal 1 Maret 2022 sebagaimana telah                            amendment of PADG No. 1 of 2023 dated
        diubah dengan perubahan terakhir PADG No. 1                       February 15, 2023, and the latest amendment
        Tahun 2023 tanggal 15 Februari 2023 dan                           by PADG No. 11 year of 2023 dated
        perubahan terakhir PADG No. 11 tahun 2023                         September 27, 2023 regarding “Regulations for
        tanggal 27 September 2023 tentang “Peraturan                      Implementing           Macroprudential      Liquidity
        Pelaksanaan Kebijakan Insentif Likuiditas                         Incentive Policy” Bank Indonesia provides
        Makroprudensial” Bank Indonesia memberikan                        incentives in the form of leniency on the
        insentif berupa kelonggaran atas kewajiban                        obligation to fulfill the statutory reserve in rupiah
        pemenuhan GWM dalam rupiah yang wajib                             which must be fulfilled on a daily basis. As of
        dipenuhi secara harian. Pada tanggal                              December 31, 2024 and 2023, incentive is
        31 Desember 2024 dan 2023, insentif bagi                          given to Banks of 1.50% and 0.70%,
        Bank masing-masing sebesar 1,50% dan                              respectively.
        0,70%.

                                                          123
Page 306
                                                                             The original financial statements included herein are in
                                                                                                           the Indonesian language.

        PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                        45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                         Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                   The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                        information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                         not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                       Accounting Standards. (continued)
   Indonesia. (lanjutan)

   a.   Giro pada Bank Indonesia (lanjutan)                             a.    Current Accounts with Bank Indonesia
                                                                              (continued)

        Pada tanggal 31 Desember 2024 dan 2023,                               As of December 31, 2024 and 2023, based on
        sesuai dengan ketentuan Bank Indonesia                                the above Bank Indonesia regulations, The
        tersebut di atas, Bank harus memenuhi                                 Bank is required to maintain Primary GWM and
        persyaratan GWM Primer dan PLM. Persentase                            PLM. The percentage requirements are as
        persyaratan adalah sebagai berikut:                                   follows:

                                               2024              2023

        Rupiah                                                                                                          Rupiah
           Giro Wajib Minimum Primer              9,00%             9,00%                Primary Minimum Statutory Reserves

        Valuta Asing                                                                                           Foreign Currency
            Giro Wajib Minimum                    4,00%             4,00%                         Minimum Statutory Reserves

        Penyangga Likuiditas Makroprudensial                                                    Macroprudential Liquidity Reserve
           d/h Giro Wajib Minimum                 6,00%             6,00%                     d/h Minimum Statutory Reserves

        GWM Primer adalah simpanan minimum yang                               Primary Minimum Statutory Reserve is a
        wajib dipelihara oleh Bank dalam bentuk saldo                         minimum reserve that should be maintained by
        Rekening Giro pada Bank Indonesia. GWM                                the Bank in Current Accounts with Bank
        Sekunder       dan    Penyangga       Likuiditas                      Indonesia. Secondary Minimum Statutory
        Makroprudensial (PLM) adalah cadangan                                 Reserve and Macroprudential Liquidity Buffer
        minimum yang wajib dipelihara oleh Bank                               are the minimum reserves that should be
        berupa Sertifikat Bank Indonesia (SBI), Surat                         maintained by the Bank which comprise of
        Utang Negara (SUN), Surat Berharga Syariah                            Certificates of Bank Indonesia (SBI),
        Negara (SBSN) dan/atau excess reserve yang                            Government Debenture Debt (SUN), Sharia
        merupakan kelebihan saldo Rekening Giro                               Government Securities (SBSN), and/or excess
        Rupiah dari GWM Primer, GWM LFR dan Rasio                             reserve which represents the excess reserve of
        Intermediasi Makroprudensial (RIM). GWM                               the Bank Current Accounts in Rupiah over the
        LFR dan RIM adalah tambahan simpanan                                  Primary Minimum Statutory Reserve, Minimum
        minimum yang wajib dipelihara oleh Bank                               Statutory Reserve on LFR and Macroprudential
        dalam bentuk saldo Rekening Giro pada Bank                            Intermediation Ratio (RIM). Minimum Statutory
        Indonesia, jika LFR dan RIM target Bank                               Reserve on LFR and RIM is the additional
        Indonesia (84%) atau jika di atas maksimum                            reserve that should be maintained by the Bank
        LFR dan RIM target BI (94%) dan Kewajiban                             in the form of Current Accounts with Bank
        Penyediaan Modal Minimum (KPMM) Bank                                  Indonesia, if the Bank and its subsidiaries’ LFR
        lebih kecil dari KPMM Insentif BI sebesar 14%.                        and RIM is below the minimum of LFR and RIM
                                                                              targeted by Bank Indonesia (84%) or if the Bank
                                                                              LFR and RIM is above the maximum of LFR and
                                                                              RIM targeted by BI (94%) and the Capital
                                                                              Adequacy Ratio (CAR) is below BI requirement
                                                                              of 14%.

        Pada tanggal 31 Desember 2024 dan 2023,                               As of December 31, 2024 and 2023 , the Bank
        Bank telah memenuhi ketentuan Peraturan                               has fulfilled Bank Indonesia’s prevailing
        Bank Indonesia yang berlaku tentang GWM                               regulation regarding GWM of Conventional
        Bank Umum Konvensional.                                               Commercial Banks.




                                                           124
Page 307
                                                                                     The original financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                                 45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                                  Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                          The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                               information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                                not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                              Accounting Standards. (continued)
   Indonesia. (lanjutan)

   b.   Kredit yang Diberikan                                                  b. Loans

        a) Pada tanggal 31 Desember 2024 dan 2023,                                       a) As of December 31, 2024 and 2023, the
           rasio kredit Usaha Mikro Kecil Menengah                                          ratio of Micro, Small and Medium Enterprise
           (UMKM) terhadap jumlah kredit yang                                               (MSME) business loans to total loans is
           diberikan masing-masing adalah 0,04% dan                                         0.04% and 0.18%, respectively, with
           0,18% dengan nilai Rasio Pembiayaan                                              macroprudential inclusive financing ratio
           Inklusif Makroprudensial (RPIM) masing-                                          (RPIM) is 12.41% and 9.94%, respectively.
           masing sebesar 12,41% dan 9,94%.

        b) Restrukturisasi kredit dilakukan melalui                                      b) Loans restructuring was conducted through
           modifikasi persyaratan jumlah pokok dan                                          modification of terms of principal and
           bunga dan perpanjangan jangka waktu                                              interest and extension of terms. As of
           kredit. Pada tanggal 31 Desember 2024                                            December 31, 2024 and 2023, restructured
           dan       2023,     jumlah   kredit   yang                                       loans amounted to Rp1,560,917 or 18.46%
           direstrukturisasi masing-masing sebesar                                          and Rp1,713,836 or 28.77% of total loans,
           Rp1.560.917         atau    18,46%      dan                                      respectively, with the respective allowance
           Rp1.713.836 atau 28,77% dari jumlah kredit                                       for impairment losses amounted to
           yang diberikan, dengan cadangan kerugian                                         Rp344,219 dan Rp376,556. From the
           penurunan nilai masing-masing sebesar                                            restructured loans, the Bank did not have
           Rp344.219 dan Rp376.556. Dari kredit                                             any commitments to extend additional loan
           yang direstrukturisasi tersebut, Bank tidak                                      facilities.
           memiliki komitmen untuk memberikan
           fasilitas kredit tambahan.

           Restrukturisasi kredit berdasarkan jenis                                         Loan restructuring by loan type and
           kredit dan kolektibilitas adalah sebagai                                         collectibility are as follows:
           berikut:
                                                                 2024

                                        Dalam
                                      perhatian
                                       khusus/       Kurang
                         Lancar/       Special       lancar/            Diragukan/          Macet/
                         Current       Mention     Substandard           Doubtful           Loss         Total

           Investasi        863.614       79.901             -                       -         48.659      992.174                Investment
           Sindikasi         19.737      414.380             -                       -              -      434.117                Sindication
           Modal kerja            -            -       134.437                       -              -      134.437             Working capital
           Konsumer              33           51            83                       -             22          189                 Consumer

           Total            883.384      494.332       134.520                       -         48.681    1.560.917                      Total



                                                                 2023

                                        Dalam
                                      perhatian
                                       khusus/       Kurang
                         Lancar/       Special       lancar/            Diragukan/          Macet/
                         Current       Mention     Substandard           Doubtful           Loss         Total

           Investasi        994.899       85.048             -                       -         13.818    1.093.765                Investment
           Sindikasi         46.053      417.796             -                       -              -      463.849                Sindication
           Modal kerja            -      155.940             -                       -              -      155.940             Working capital
           Konsumer              48          212            22                       -              -          282                 Consumer

           Total          1.041.000      658.996            22                       -         13.818    1.713.836                      Total




                                                           125
Page 308
                                                                                  The original financial statements included herein are in
                                                                                                                the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                   PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                             As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                                 45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                                  Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                          The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                               information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                                not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                              Accounting Standards. (continued)
   Indonesia. (lanjutan)

   b.   Kredit yang Diberikan (lanjutan)                                       b. Loans (continued)

           Total kredit yang telah direstrukturisasi dan                                  Total loans that have been restructured and
           dalam kategori kredit bermasalah pada                                          in the category of non-performing loans as
           tanggal 31 Desember 2024 dan 2023                                              of December 31, 2024 and 2023 amounted
           masing-masing sebesar Rp48.681 ddan                                            Rp48,681 and Rp13,840, respectively.
           Rp13.840.

        c) Bank telah melakukan restrukturisasi kredit                             c) The Bank has restructured credit for debtors
           untuk debitur yang terdampak pandemi                                       affected by the Covid-19 pandemic in
           Covid-19 sesuai dengan POJK No.                                            accordance         with      POJK       No.
           11/POJK.03/2020 “Stimulus Perekonomian                                     11/POJK.03/2020 “National Economic
           Nasional sebagai kebijakan countercyclical                                 stimulus as countercyclical policy in the
           dampak penyebaran Corona Virus Disease                                     impact of the spread of Coronavirus Disease
           2019” tertanggal 13 Maret 2020 yang telah                                  2019 dated March 13, 2020 which was
           diperbaharui beberapa kali dengan POJK                                     updated by POJK No. 48/POJK.03/2020
           No.48/POJK.03/2020 “Perubahan Pertama                                      “First    Changes       in    POJK      No.
           Atas       POJK     No.11/POJK.03/2020”                                    11/POJK.03/2020” dated December 1, 2020
           tertanggal 1 Desember 2020 dan POJK                                        and POJK No. 7/POJK.03/2021 “Second
           No. 17/POJK.03/2021 “Perubahan Kedua                                       Changes in POJK No. 11/POJK.03/2020”
           Atas       POJK     No.11/POJK.03/2020”                                    dated September 10, 2021, also Press
           tertanggal 10 September 2021 serta Siaran                                  Release          OJK          No.        SP
           Pers OJK No. SP 85/DHMS/OJK/XI/2022                                        85/DHMS/OJK/XI/2022 dated November
           tertanggal 28 November 2022 tentang                                        28, 2022 regarding extension of targeted
           Perpanjangan Kebijakan Restrukturisasi                                     and sectoral credit         and financing
           Kredit dan Pembiayaan Secara Targeted                                      restructuring policies due to the continued
           dan Sektoral Atasi Dampak Lanjutan                                         impact of the Covid-19 pandemic. As of
           Pandemi Covid-19. Per tanggal 31                                           December 31, 2024 and 2023, Covid-19
           Desember 2024 dan 2023, kredit                                             restructured debit balance amounted to Nil
           restrukturisasi Covid-19 masing-masing                                     and Rp1,514,614, respectively.
           sebesar Nihil dan Rp1.514.614.

        d) Pada tanggal 31 Desember 2024 dan 2023,                                 d) As of December 31, 2024 and 2023, details
           rincian kredit bermasalah berdasarkan                                      of non-performing loans based on economic
           sektor ekonomi adalah sebagai berikut:                                     sector are as follows:

                                                   2024                                  2023

                                                        Cadangan                             Cadangan
                                                        Kerugian                              kerugian
                                                       penurunan                             penurunan
                                      Kredit               nilai/           Kredit               nilai/
                                   bermasalah/        Allowance for      bermasalah/         Allowance
                                  Non-performing       impairment       Non-performing     for impairment
                                      loans               losses            loans               losses
           Jasa usaha                     48.420             (38.283)           17.502             (14.336)              Business service
           Perdagangan,                                                                                                          Trading,
             restoran dan hotel          151.327            (102.860)           14.864             (14.864)        restaurant and hotels
           Konstruksi                        983                (983)              656                   -                   Construction
           Pengangkutan,
             perdagangan                                                                                      Transportation, warehousing
             dan komunikasi                2.368                (694)            2.373                (694)         and communication
           Lain-lain                      25.735             (25.735)           10.300             (10.300)                        Others
           Total                         228.833            (168.555)           45.695             (40.194)                        Total



                                                                 126
Page 309
                                                                                                The original financial statements included herein are in
                                                                                                                              the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                             PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                       As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                                          45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                                           Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                                     The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                                          information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                                           not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                                         Accounting Standards. (continued)
   Indonesia. (lanjutan)

   b.   Kredit yang Diberikan (lanjutan)                                                  b. Loans (continued)

        e) Pada tanggal 31 Desember 2024 dan 2023,                                                 e) As of December 31, 2024 and 2023, the
           rasio non-performing loan (“NPL”) adalah                                                   non-performing loan (“NPL”) ratio are as
           sebagai berikut:                                                                           follows:

                                                             2024                  2023

            NPL bruto                                           2,71%                   0,77%                                               Gross NPL
            NPL neto                                            0,71%                   0,09%                                                 Net NPL

        f) Pada tanggal 31 Desember 2024 dan 2023,                                                 f) As of December 31, 2024 dan 2023, the
           Bank telah memenuhi ketentuan Batas                                                        Bank has complied with the Legal Lending
           Maksimum Pemberian Kredit (“BMPK”),                                                        Limit (“LLL”) requirements for third parties
           untuk pihak ketiga dan pihak berelasi.                                                     and related parties.

        g) Kredit sindikasi merupakan kredit yang                                                  g) Syndicated loans represent loans provided
           diberikan kepada nasabah berdasarkan                                                       to borrowers under a syndication agreement
           perjanjian pembiayaan bersama dengan                                                       with other banks. The Bank’s participation in
           bank-bank lain. Partisipasi Bank dalam                                                     syndicated loans with other banks as of
           kredit sindikasi dengan bank-bank lain pada                                                December 31, 2024 and 2023 amounted to
           tanggal 31 Desember 2024 dan 2023                                                          Rp1,049,997 and Rp923,790 or 12.42% and
           adalah        masing-masing          sebesar                                               15.51% of loans balance, respectively.
           Rp1.049.997 dan Rp923.790 atau 12,42%                                                      (unaudited)
           dan 15,51% dari total kredit. (tidak diaudit)

   c.   Kualitas Aset Produktif                                                           c.       Quality of Productive Assets

        Tabel di bawah ini menunjukkan tingkat                                                     The tables below present the collectability
        kolektibilitas aset produktif Bank yang disajikan                                          grading of productive assets of the Bank at their
        pada nilai tercatatnya:                                                                    carrying amounts:
                                                                           2024

                                               Dalam
                                             perhatian
                                              khusus/
                                Lancar/       Special         Kurang lancar/      Diragukan/          Macet/       Jumlah/
                                Current       mention         Substandard          Doubtful           Loss          Total

        Giro pada Bank                                                                                                                    Current accounts
           Indonesia               410.213               -                 -                   -               -      410.213       with Bank Indonesia
                                                                                                                                     Current accounts with
        Giro pada bank lain         38.818               -                 -                   -               -       38.818               other banks
        Penempatan pada                                                                                                                   Placements with
           Bank Indonesia dan                                                                                                       Bank Indonesia and
           bank lain             1.336.301             -                  -                 -                 -     1.336.301               other banks
        Tagihan Derivatif            3.269             -                  -                 -                 -         3.269       Derivative receivables
        Kredit yang diberikan    7.559.382       666.351            135.280             1.631            91.922     8.454.566                       Loans
        Efek-efek                2.160.025             -                  -                 -                 -     2.160.025                    Securities
        Komitmen dan                                                                                                                     Commitments and
           Kontinjensi           2.597.064          399                    -                   -               -    2.597.463             contingencies

        Total                   14.105.072       666.750            135.280             1.631            91.922    15.000.655                        Total




                                                                        127
Page 310
                                                                                                   The original financial statements included herein are in
                                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                                PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                                          As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                                             45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                                              Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                                       The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                                            information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                                             not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                                           Accounting Standards. (continued)
   Indonesia. (lanjutan)

   c.   Kualitas Aset Produktif (lanjutan)                                                  c.        Quality of Productive Assets (continued)

        Tabel di bawah ini menunjukkan tingkat                                                        The tables below present the collectability
        kolektibilitas aset produktif Bank yang disajikan                                             grading of productive assets of the Bank at their
        pada nilai tercatatnya: (lanjutan)                                                            carrying amounts: (continued)
                                                                              2023

                                                Dalam
                                              perhatian
                                               khusus/
                                 Lancar/       Special        Kurang lancar/         Diragukan/          Macet/       Jumlah/
                                 Current       mention        Substandard             Doubtful           Loss          Total

        Giro pada Bank                                                                                                                       Current accounts
           Indonesia                543.920               -                -                      -               -      543.920       with Bank Indonesia
                                                                                                                                        Current accounts with
        Giro pada bank lain         184.104               -                -                      -               -      184.104               other banks
        Penempatan pada                                                                                                                      Placements with
           Bank Indonesia dan                                                                                                          Bank Indonesia and
           bank lain              1.092.008               -                -                      -               -    1.092.008               other banks
        Tagihan Derivatif                11               -                -                      -               -           11       Derivative receivables
        Efek-efek yang dibeli                                                                                                                Placements with
           dengan janji dijual                                                                                                         Bank Indonesia and
           kembali                2.977.202             -                 -                    -                 -     2.977.202               other banks
        Kredit yang diberikan     5.242.888       667.842             1.509                3.406            40.779     5.956.424                       Loans
        Efek-efek                   389.952             -                 -                    -                 -       389.952                    Securities
        Komitmen dan                                                                                                                        Commitments and
           Kontinjensi            4.047.570          370                   -                      -               -    4.047.940             contingencies

        Total                    14.477.655       668.212             1.509                3.406            40.779    15.191.561                        Total



   d.   Manajemen Risiko                                                                    d. Risk Management

        Secara garis besar, Kebijakan Manajemen                                                       Generally, the Risk Management Policy refers
        Risiko mengacu pada peraturan Regulator,                                                      to the Regulatory provision, which the
        dimana penerapannya mencakup 4 pilar                                                          implementation includes the 4 pilars of risk
        manajemen risiko yang ditetapkan dalam POJK                                                   management, stipulated in OJK regulation
        No. 18/POJK.03/2016 tentang Penerapan                                                         No.18/POJK.03/2016      concerning      Risk
        Manajemen Risiko Bagi Bank Umum sebagai                                                       Management Implementation for Commercial
        berikut:                                                                                      Banks:

        1. Pengawasan aktif dari Dewan Komisaris                                                      1. Active supervision of the Boards of
           dan Direksi;                                                                                  Commissioners and Directors;
        2. Kecukupan kebijakan dan prosedur                                                           2. Adequacy of Risk Management policies,
           Manajemen Risiko serta penetapan limit                                                        procedures and risk limit stipulation;
           risiko;
        3. Kecukupan proses identifikasi, pengukuran,                                                 3. Adequacy      of    risk    indentification,
           pemantauan dan pengendalian risiko, serta                                                     measurement, monitoring and controlling
           Sistem Informasi Manajemen Risiko; dan                                                        process, supported by Risk Management
                                                                                                         Information System; and
        4. Sistem   pengendalian                internal        yang                                  4. A comprehensive internal control system.
           menyeluruh.




                                                                        128
Page 311
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                      45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                       Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah              The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                   information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                    not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                  Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                d. Risk Management (continued)

        Untuk mendukung penerapan manajemen                            To support the implementation of effective risk
        risiko yang efektif, Direksi membentuk komite-                 management, Board of Directors formed
        komite yang membantu kelancaran dan tata                       committees, which help smooth and good
        kelola perusahaan yang sehat dalam lingkup                     corporate governance in the scope of the
        organisasi. Komite yang dibentuk pada level                    organization. One of related Committe at the
        Komisaris salah satunya yaitu Komite                           Commissioner level is Risk Oversight
        Pemantuan Risiko (ROC), sedangkan pada                         Committee (ROC), whereas at Director level e.g
        level Direksi antara lain Komite Manajemen                     Risk      Management     Committe      (RMC),
        Risiko (RMC), Komite Manajemen Risiko                          Operational Risk Committee (ORC), Asset &
        Operasional (ORC), Komite Aset dan Liabilitas                  Liability Committee (ALCO), Credit Committee
        (ALCO), Komite Kredit (CC) dan lainnya.                        (CC), etc.

        Risiko Pasar                                                   Market Risk

        i. Risiko mata uang                                            i. Currency risk

           Bank memiliki eksposur risiko mata uang                         The Bank is exposed to currency risk
           akibat adanya transaksi dalam valuta asing.                     through transaction in foreign currencies.
           Bank memonitor risiko konsentrasi yang                          The Bank monitors any concentration risk in
           terjadi untuk setiap valuta sehubungan                          relation to any individual currency in regard
           dengan penjabaran transaksi dan aset dan                        to the translation of foreign currency
           liabilitas moneter dalam valuta asing ke                        transactions and monetary assets and
           dalam Rupiah.                                                   liabilities into Rupiah.

           Sejalan dengan risk appetite yang telah                         In line with the risk appetite set by the Bank,
           ditetapkan oleh Bank, dimana kegiatan                           whereby proprietary trading activity is not
           proprietary trading tidak diperkenankan,                        allowed, hence the currency risk is minimal
           maka risiko mata uang relatif kecil dan                         and manageable. The Bank’s foreign
           terkendali. Pengelolaan posisi valuta asing                     currency position management is conducted
           Bank       dilakukan     dengan        cara                     by managing the Bank’s overall Net Open
           mengendalikan Posisi Devisa Neto (“PDN”)                        Position (“NOP”).
           Bank secara keseluruhan.




                                                         129
Page 312
                                                                          The original financial statements included herein are in
                                                                                                        the Indonesian language.

        PT BANK QNB INDONESIA TBK                                           PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                     As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                       45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                        Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                   The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                        information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                         not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                       Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                     d. Risk Management (continued)

        Risiko Pasar (lanjutan)                                             Market Risk (continued)

        i. Risiko mata uang (lanjutan)                                      i. Currency risk (continued)

           PDN pada tanggal 31 Desember 2024 dan                                NOP as of December 31, 2024 and 2023 are
           2023 adalah sebagai berikut:                                         as follows:

                                                              2024
                                                                           Posisi Devisa Neto
                                                                             (nilai absolut)/
                                           Aset/          Liabilitas/      Net Open Position
            Valuta                        Assets          Liabilities      (absolute amount)                          Currencies
            Keseluruhan (laporan posisi                                                                   Aggregate (statement of
              keuangan dan rekening                                                                        financial position and
              administratif)                                                                           administrative accounts)
              Euro Eropa                      15.188             14.531                 657                       European Euro
              Dolar Amerika Serikat        5.962.925          5.956.672               6.254                  United States Dollar
              Dolar Australia                 66.597             66.783                 186                     Australian Dollar
              Dolar Singapura                 22.402             22.218                 183                     Singapore Dollar
              Dolar Hong Kong                     96                 15                  81                    Hong Kong Dollar
              Yen Jepang                      29.994             30.234                 240                        Japanese Yen
              Yen Cina                           152                  -                 152                         Chinese Yen
              Poundsterling Inggris            1.718              1.957                 238          Great Britain Poundsterling
              Riyal Qatar                        379                124                 255                          Qatari Riyal
            Total                                                                     8.246                                 Total

            Total modal 31 Desember                                                                     Total capital December 31,
              2024 (Catatan 3f)                                                   4.340.128                        2024 (Note 3f)

            Rasio PDN                                                                0,19%                              NOP ratio




                                                              2023
                                                                           Posisi Devisa Neto
                                                                             (nilai absolut)/
                                           Aset/          Liabilitas/      Net Open Position
            Valuta                        Assets          Liabilities      (absolute amount)                          Currencies
            Keseluruhan (laporan posisi                                                                   Aggregate (statement of
              keuangan dan rekening                                                                        financial position and
              administratif)                                                                           administrative accounts)
              Euro Eropa                      29.330             29.329                   1                       European Euro
              Dolar Amerika Serikat        3.450.969          3.452.105               1.136                  United States Dollar
              Dolar Australia                 10.169             10.010                 159                     Australian Dollar
              Dolar Singapura                 24.207             24.234                  26                     Singapore Dollar
              Dolar Hong Kong                    113                 16                  97                    Hong Kong Dollar
              Yen Jepang                      62.348             62.350                   2                        Japanese Yen
              Yen Cina                           150                  -                 150                         Chinese Yen
              Poundsterling Inggris            5.744              5.741                   2          Great Britain Poundsterling
              Riyal Qatar                        318                 71                 247                          Qatari Riyal
            Total                                                                     1.821                                 Total

            Total modal 31 Desember                                                                     Total capital December 31,
              2023 (Catatan 3f)                                                   4.250.397                        2023 (Note 3f)
            Rasio PDN                                                                0,04%                              NOP ratio




                                                        130
Page 313
                                                                       The original financial statements included herein are in
                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                        45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                         Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                     information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                      not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                    Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                  d. Risk Management (continued)

        Risiko Operasional                                               Operational Risk

        Risiko operasional adalah risiko yang                            Operational risk is the risk caused by
        disebabkan oleh ketidakcukupan dan/atau                          inadequacy and/or failed of internal processes,
        tidak berfungsinya proses internal, kesalahan                    human error, system failure or external factors
        manusia, kegagalan sistem atau adanya faktor                     affecting the operations of the Bank.
        eksternal yang mempengaruhi operasional
        Bank.

        Bank telah memiliki           Kerangka     Kerja                 Bank already has Operational Risk Mangement
        Manajemen Risiko Operasional yang menjadi                        Framework that will become standard for
        standar dalam mengelola risiko operasional.                      managing operational risk. Operational Risk
        Kerangka       Kerja      Manajemen       Risiko                 Framework consists of several components
        Operasional ini terdiri dari berbagai komponen                   such as operational risk appetite, structure,
        seperti appetite risiko operasional, struktur,                   governance, policies and procedures. Policies
        governance,      kebijakan      dan    prosedur.                 and procedures related to operational risk are
        Kebijakan dan prosedur yang terkait dengan                       published and reviewed continuously to ensure
        pengelolaan risiko operasional telah diterbitkan                 the adequacy of the management of operational
        dan diperbaharui secara berkesinambungan                         risk. Such policies and procedures are
        untuk memastikan kecukupan pengelolaan                           Operational    Risk    Management       Policy,
        risiko operasional. Diantara kebijakan dan                       Operational Risk Event Loss Data Management
        prosedur     tersebut     misalnya     Kebijakan                 Guidance, Risk and Control Self Assessment
        Manajemen Risiko Operasional, Pedoman                            (RCSA) Procedure, Operational Risk Mitigating
        Petunjuk Operational Risk Event Loss Data                        Action Guidance, and Third Party Risk
        Management, Prosedur Risk and Control Self                       Management Policy. Three Lines of Defense
        Assessment (RCSA), Pedoman Operational                           Concept is already implemented by the Bank.
        Risk Mitigating Action dan Kebijakan Third                       This concept explain that there are three lines
        Party Risk Management. Konsep Pertahanan                         of defense in managing risk in which each lines
        Tiga Lini juga telah diimplementasikan oleh                      have their own role and responsibilities in
        Bank. Konsep ini menjelaskan bahwa terdapat                      managing risk.
        tiga lini pertahanan dalam mengelola risiko
        dimana masing-masing lini memiliki peran dan
        tanggung jawabnya dalam mengelola risiko.

        Bank secara aktif melakukan program                              Bank actively conducts the socialization
        sosialisasi untuk meningkatkan risk awareness                    program to improve risk awareness in order to
        dalam rangka meminimalisir risiko operasional.                   minimize the operational risk. Socialization are
        Sosialisasi dilakukan dalam bentuk e-learning,                   performed in form of e-learning, e-mail blast and
        e-mail blast dan tatap muka.                                     face to face.

        Dalam rangka memitigasi risiko operasional,                      In order to mitigate operational risks, the Bank
        Bank telah menyusun kebijakan anti-fraud                         has developed anti-fraud policy to minimize
        untuk meminimalisir potensi kecurangan                           potential of fraud, which led to the Bank’s
        (fraud), yang akan menyebabkan kerugian                          losses, either caused by external or internal
        Bank, baik dikarenakan kecurangan eksternal                      fraud. Beside, Bank already has whistleblowing
        maupun internal. Selain itu Bank juga telah                      mechanism as a tool to report and escalate
        memiliki mekanisme whistleblowing sebagai                        indication of fraud incident.
        salah satu sarana untuk melaporkan dan
        mengeskalasikan       indikasi     kejadian
        kecurangan.

                                                           131
Page 314
                                                                     The original financial statements included herein are in
                                                                                                   the Indonesian language.

        PT BANK QNB INDONESIA TBK                                      PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                      45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                       Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah              The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                   information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                    not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                  Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                d. Risk Management (continued)

        Risiko Operasional (lanjutan)                                  Operational Risk (continued)

        Selain itu, Bank telah mengembangkan Risk &                    Beside that, the Bank has developed Risk &
        Control Self Assessment (RCSA) sebagai                         Control Self Assessment (RCSA) as tools to
        salah satu alat untuk mengidentifikasi risiko                  identify operational risk. RCSA and KRI will be
        operasional. Selanjutnya RCSA dan KRI akan                     implemented to all work units gradually. The
        diterapkan ke seluruh unit kerja secara                        Bank also has Incident reporting process which
        bertahap. Bank juga telah memiliki proses                      governs reporting process, monitoring and
        pelaporan Kejadian Risiko Operasional yang                     escalation of operational risk incident.
        mengatur proses pelaporan, monitoring dan
        eskalasi kejadian risiko operasional.

        Business Continuity Management (BCM)                           Business Continuity Management (BCM)

        BCM adalah proses manajemen secara holistik                    BCM is a holistic management process that
        untuk mengidentifikasi potensi ancaman                         identifies potential impacts that threaten an
        terhadap suatu organisasi dan menimbulkan                      organization and provides a framework for
        dampak terhadap operasional bisnis jika                        building resilience and the capability to respond
        ancaman tersebut terjadi, dan menyediakan                      effectively safeguard the interests of the
        kerangka kerja untuk membangun ketahanan                       stakeholders, reputation, brand and value
        organisasi melalui kemampuan respon yang                       creating activities. The Bank already has BCM
        efektif untuk melindungi kepentingan para                      policy which governs end to end process
        stakeholder, reputasi, brand, dan kegiatan-                    regarding BCM.
        kegiatan penciptaan nilai. Bank telah memiliki
        Kebijakan BCM yang mengatur proses end to
        end terkait dengan BCM.

        Sasaran dari penerapan BCM adalah untuk:                       The goal of the application of BCM is to:

        1. Memastikan kelanjutan proses dari                           1. Ensure the continuing process of critical
           fungsi/unit yang kritikal sesuai dengan                        function/unit in accordance with a
           toleransi waktu yang telah ditetapkan saat                     predetermined tolerance time during a crisis
           terjadi krisis atau bencana;                                   or disaster;
        2. Memastikan setiap fungsi/unit yang kritikal                 2. Ensure each critical function/unit has the
           memiliki strategi pemulihan yang sesuai                        appropriate recovery strategies and can be
           dan dapat diimplementasikan saat terjadi                       implemented during a crisis or disaster;
           krisis atau bencana;
        3. Memastikan ketersediaan sumber daya                         3. Ensure the availability of human and
           manusia dan material yang dibutuhkan oleh                      material resources required by the bank to
           bank dalam menjalankan bisnis saat terjadi                     continue run the business in the event of a
           krisis atau bencana;                                           crisis or disaster;
        4. Meningkatkan kesadaran karyawan untuk                       4. Increase awareness of employees to always
           selalu siap dalam menghadapi kondisi krisis                    be prepared to deal with a crisis situation or
           atau bencana;                                                  disaster;
        5. Menjaga sumber daya utama yang                              5. Keeping the main resources required to
           dibutuhkan dalam mendukung pemulihan                           support the recovery of the Bank’s activities;
           aktivitas Bank;
        6. Mengurangi dampak terhadap layanan                          6. Reduce the impact on the Bank’s services;
           Bank;


                                                         132
Page 315
                                                                       The original financial statements included herein are in
                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                        PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                  As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                        45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                         Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                     information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                      not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                    Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                  d. Risk Management (continued)

        Risiko Operasional (lanjutan)                                    Operational Risk (continued)

        Sasaran dari penerapan BCM adalah untuk:                         The goal of the application of BCM is to:
        (lanjutan)                                                       (continued)

        7. Mengurangi risiko reputasi;                                   7. Reducing the risk of reputation;
        8. Meningkatkan kepercayaan publik dan                           8. Improve public confidence and macro
            sistem keuangan makro;                                           financial system;
        9. Meningkatkan ketahanan atau kemampuan                         9. Increasing the resilience or recovery
            pemulihannya; dan                                                capability; and
        10. Menjaga eksistensi Bank.                                     10. Maintain the existence of the Bank.

        Penerapan program-program terkait BCM di                         The implementation of programs related to
        Bank melibatkan seluruh komponen dan                             BCM at Bank involve all components and have
        mendapat dukungan penuh dari manajemen                           the full support of management since the
        sejak dari tahap perencanaan, penyusunan,                        planning stage, the preparation, maintenance,
        pemeliharaan,     pengawasan       sampai                        supervision until perfected.
        penyempurnaannya.

        Komite Manajemen Risiko Operasional                              Operational Risk Management Committee

        Untuk meningkatkan kualitas monitoring dan                       To improve the quality of monitoring and
        pengawasan         terhadap        implementasi                  oversight of operational risk management
        manajemen risiko operasional telah dibentuk                      implementation, Operational Risk Committee
        Komite Manajemen Risiko Operasional sejak                        has been established in February 2018.
        Februari 2018. Secara berkala dilakukan rapat                    Meeting of Operational Risk Committee to
        Komite Manajemen Risiko Operasional untuk                        discuss and make decision on operational risk
        membahas dan mengambil keputusan terkait                         related issues has been conducted on a
        dengan isu-isu risiko operasional.                               periodic basis.

        Risiko Likuiditas                                                Liquidity Risk

        Eksposur terhadap Risiko Likuiditas                              Exposure to Liquidity Risk

        Ukuran utama yang digunakan oleh Bank untuk                      The key measure used by the Bank for
        mengelola risiko likuiditas adalah rasio LCR                     managing liquidity risk is LCR (Liquidity
        (Liquidity Coverage Ratio) dan rasio NSFR (Net                   Coverage Ratio) and NSFR (Net Stable
        Stable Funding Ratio). Rasio yang pertama                        Funding Ratio). The first ratio is used to see
        digunakan untuk mengukur kemampuan jangka                        short-term resilience of a bank’s liquidity risk
        pendek bank dengan memastikan bahwa bank                         profile by ensuring that it has sufficient High
        memiliki cukup aset-aset berkualitas tinggi yang                 Quality Liquid Asset (HQLA) to survive a
        dapat dilikuidasi sewaktu-waktu untuk dapat                      significant stress scenario lasting for 30 days.
        bertahan dalam scenario stress selama 30 hari.                   Meanwhile the second ratio objective is to
        Sementara rasio kedua digunakan untuk                            reduce funding risk over a longer time horizon
        mengurangi risiko pendanaan dalam jangka                         by requiring banks to fund their activities with
        panjang dimana bank diharapkan mampu                             sufficiently stable sources of funding in order to
        membiayai kegiatannya dengan memiliki cukup                      mitigate the risk of future funding stress. As of
        sumber-sumber dana yang stabil. Posisi NSFR                      December 31, 2024 and 2023, the reported
        per 31 Desember 2024 dan 2023 adalah                             ratios of NSFR customers were 154.36% and
        154,36% dan 190,59% (tidak diaudit).                             190.59%, respectively (unaudited).

                                                           133
Page 316
                                                                       The original financial statements included herein are in
                                                                                                     the Indonesian language.

        PT BANK QNB INDONESIA TBK                                       PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                 As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                       45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                        Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah               The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                    information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                     not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                   Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                 d. Risk Management (continued)

        Risiko Likuiditas (lanjutan)                                    Liquidity Risk (continued)

        Rasio Kecukupan Likuiditas (“LCR”) Bank pada                    The Bank’s Liquidity Coverage Ratio (“LCR”) as
        tanggal 31 Desember 2024 dan 2023 adalah                        of December 31, 2024 and 2023 was as follows
        sebagai berikut (tidak diaudit):                                (unaudited):

                                             2024               2023

        LCR Bank                               174,70%           465,30%                                        Bank's LCR
        LCR yang diwajibkan oleh regulator     100,00%           100,00%                           Regulatory required LCR

        Manajemen Modal                                                 Capital Management

        Bank diwajibkan untuk mentaati Peraturan                        The Bank is required to comply with prevailing
        Otoritas Jasa Keuangan (“POJK”) yang berlaku                    Financial Service Authority Regulation (“POJK”)
        dalam hal modal yang diwajibkan regulator.                      regulation in respect of regulatory capital. The
        Pendekatan Bank terhadap pengelolaan modal                      Bank’s approach to capital management is
        ditentukan oleh strategi dan persyaratan                        driven by the Bank’s strategic and
        organisasi Bank, dengan mempertimbangkan                        organizational requirements, taking into
        peraturan, serta keadaan ekonomi dan                            account the regulatory, economic and
        komersial.                                                      commercial environment.

        Bank     menghitung    kebutuhan     modal                      The Bank calculates its capital requirements
        berdasarkan POJK yang berlaku dimana modal                      using the prevailing POJK where the Bank’s
        yang diwajibkan regulator Bank dianalisa                        regulatory capital is analyzed into two tiers:
        dalam dua tier:

        -   Modal tier 1, meliputi modal ditempatkan                    -   Tier 1 capital, which includes issued and
            dan disetor penuh, dana setoran modal,                          fully paid share capital, advanced capital,
            cadangan umum dan wajib, saldo laba                             general and legal reserve, retained earnings
            (rugi) dan laba tahun berjalan, laba (rugi)                     and profit (loss) for the year, profit (loss)
            tahun lalu, aset tak berwujud dan selisih                       from prior year, intangible assets, and
            kurang antara penyisihan kerugian kredit                        difference between provision for loan losses
            dan cadangan kerugian penurunan nilai                           and allowance for impairment losses for
            atas aset produktif dan non produktif, aset                     productive asset and non productive asset,
            pajak tangguhan serta instrumen yang                            deffered tax asset and instruments that
            memenuhi persyaratan;                                           fulfills terms;
        -   Modal tier 2, meliputi instrumen modal                      -   Tier 2 capital, which includes capital
            dalam bentuk saham atau lainnya yang                            instruments in the form of shares or others
            memenuhi persyaratan, cadangan umum                             that fulfills terms, required general provision
            aset produktif yang wajib dibentuk.                             for productive assets.

        Bank tidak mempunyai modal tambahan lain                        The Bank does not have any other
        yang memenuhi kriteria modal tier 3 sesuai                      supplementary capital which meets the criteria
        dengan POJK yang berlaku.                                       of tier 3 capital under prevailing POJK.




                                                          134
Page 317
                                                                        The original financial statements included herein are in
                                                                                                      the Indonesian language.

        PT BANK QNB INDONESIA TBK                                         PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                   As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                         45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                          Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                 The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                      information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                       not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                     Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                   d. Risk Management (continued)

        Manajemen Modal (lanjutan)                                        Capital Management (continued)

        Berbagai batasan telah diterapkan untuk                           Various limits are applied to elements of the
        menentukan komponen modal yang diwajibkan                         regulatory capital. The effect of deferred
        oleh regulator. Pengaruh dari pajak tangguhan                     taxation has been excluded in determining the
        telah dikeluarkan dalam menentukan jumlah                         amount of retained earnings for tier 1 capital;
        saldo laba untuk menghitung modal tier 1; 100                     100 percent of the profit for the year before
        persen laba tahun berjalan sebelum aset pajak                     deferred tax asset being included in tier 1
        tangguhan yang dapat diperhitungkan dalam                         capital; and qualifying tier 2 capital cannot
        modal tier 1; dan modal tier 2 tidak boleh                        exceed tier 1 capital. There is also a restriction
        melebihi modal tier 1. Juga terdapat batasan                      on the amount of general allowance for
        jumlah cadangan umum aset produktif yang                          productive assets that may be included as part
        boleh dimasukkan sebagai bagian dari modal                        of tier 2 capital.
        tier 2.

        Aset Tertimbang Menurut Risiko (“ATMR”)                           The Bank’s Risk Weighted Assets (“RWA”) are
        Bank ditentukan berdasarkan persyaratan yang                      determined according to specified requirements
        telah ditentukan yang mencerminkan berbagai                       that seek to reflect the varying levels of risk
        tingkatan risiko yang terkait dengan aset dan                     attached to assets and exposures not
        eksposur yang tidak tercermin dalam laporan                       recognized in the statement of financial
        posisi keuangan. Berdasarkan POJK, Bank                           position. Based on POJK, the Bank needs to
        diharuskan untuk mempertimbangkan risiko                          take into consideration its credit risk, market
        kredit, risiko pasar dan risiko operasional dalam                 risk and operational risk in measuring the RWA.
        mengukur ATMR Bank.

        Kebijakan Bank adalah menjaga modal yang                          The Bank’s policy is to maintain a strong capital
        kuat untuk menjaga kepercayaan pemodal,                           base so as to maintain investor, creditor and
        kreditur dan pasar dan untuk mempertahankan                       market confidence and to sustain future
        perkembangan bisnis di masa depan.                                development of the business. The impact of the
        Pengaruh tingkat modal terhadap tingkat                           level of capital on shareholders’ return is also
        pengembalian ke pemegang saham juga                               recognized and the Bank also recognizes the
        diperhitungkan dan Bank juga memahami                             need to maintain a balance between the higher
        perlunya menjaga keseimbangan antara                              returns that might be possible with greater
        tingkat pengembalian yang tinggi, yang                            gearing and the advantages and security level
        dimungkinkan dengan gearing yang lebih besar                      afforded by a strong capital position.
        serta keuntungan-keuntungan dan tingkat
        keamanan yang didapat dari posisi modal yang
        kuat.

        Bank telah mematuhi semua persyaratan                             The Bank has complied with all capital
        modal yang ditetapkan oleh OJK sepanjang                          requirements set by OJK throughout the year.
        tahun.




                                                            135
Page 318
                                                                         The original financial statements included herein are in
                                                                                                       the Indonesian language.

        PT BANK QNB INDONESIA TBK                                          PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                    As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


45. Pengungkapan Informasi Tambahan dalam                       45. Additional Disclosure on Notes to the Financial
    Catatan Atas Laporan Keuangan (lanjutan)                        Statements (continued)

   Informasi tambahan berikut yang disajikan di bawah                  The following additional information below is
   ini merupakan informasi yang disyaratkan oleh                       information required by applicable regulations and is
   regulasi berlaku dan tidak disyaratkan untuk                        not required to be disclosed by Indonesian Financial
   diungkapkan oleh Standar Akuntansi Keuangan di                      Accounting Standards. (continued)
   Indonesia. (lanjutan)

   d.   Manajemen Risiko (lanjutan)                                    d. Risk Management (continued)

        Manajemen Modal (lanjutan)                                         Capital Management (continued)

        Tabel di bawah ini menunjukkan modal dan                           The table below shows the Bank’s capital and
        rasio kewajiban penyediaan modal minimum                           capital adequacy ratio as of December 31, 2024
        Bank masing-masing pada tanggal 31                                 and 2023, are as follows:
        Desember 2024 dan 2023 sebagai berikut:

                                               2024             2023

        Modal tier 1                           4.265.916        4.194.882                                         Tier 1 capital
        Modal tier 2                              75.517           55.515                                         Tier 2 capital

        Total modal yang diwajibkan
          regulator                            4.341.433        4.250.397                               Total regulatory capital

        Aset tertimbang menurut risiko                                                                   Risk weighted assets
        Risiko kredit                          7.071.307        6.101.747                                          Credit risk
        Risiko pasar                              67.779            1.821                                         Market risk
        Risiko operasional                       592.919          726.026                                     Operational risk

        Total aset tertimbang menurut risiko   7.732.005        6.829.594                           Total risk weighted assets


        Rasio kewajiban penyediaan modal                                                      Capital adequacy ratio for credit
         untuk risiko kredit                     61,40%           69,66%                                                 risk
        Rasio kewajiban penyediaan modal
         untuk risiko kredit dan risiko                                                        Capital adequacy ratio for credit
         operasional                             56,65%           62,25%                              risk and operational risk
        Rasio kewajiban penyediaan modal                                                             Minimum capital adequacy
         minimum untuk risiko kredit, pasar                                                   ratio for credit risk, market risk
         dan operasional                         56,15%           62,23%                                   and operational risk
        Rasio kewajiban penyediaan modal
         minimum yang diwajibkan                  8,00%            8,00%                      Required capital adequacy ratio
        Rasio kewajiban penyediaan modal
         minimum yang diwajibkan menurut                                                      Required capital adequacy ratio
         profil risiko                            9,00%            9,00%                        accordance with risk profile

        Manajemen menggunakan rasio modal yang                             Management uses regulatory capital ratios in
        diwajibkan regulator untuk memantau modal                          order to monitor its capital base, and these
        dan rasio-rasio modal ini tetap menjadi standar                    capital ratios remain the industry standards for
        industri untuk mengukur kecukupan modal.                           measuring capital adequacy. OJK’s approach
        Pendekatan OJK untuk pengukuran ini                                to such measurement is primarily based on
        terutama berdasarkan pemantauan terhadap                           monitoring the relationship of the capital
        hubungan antara modal yang diwajibkan                              resources requirement based on risk profile to
        berdasarkan profil risiko terhadap modal yang                      available capital resources.
        tersedia.




                                                          136
Page 319
                                                                                   The original financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT BANK QNB INDONESIA TBK                                                    PT BANK QNB INDONESIA TBK
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2024 dan untuk                                              As of December 31, 2024 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


46. Reklasifikasi Akun                                                    46. Reclassification of Account

    Beberapa akun dalam laporan keuangan pada                                    Several account in financial statements as of
    tanggal 31 Desember 2023 telah direklasifikasi agar                          December 31, 2023, have been reclassified to align
    sesuai dengan penyajian akun-akun pada laporan                               with the presentation of accounts in the financial
    keuangan pada tanggal 31 Desember 2024 sebagai                               statements as of December 31, 2024, as follows:
    berikut:

                                                         31 Desember/December 2023
                                          Dilaporkan                               Dilaporkan
                                         sebelumnya/                                 saat ini/
                                         As previously       Reklasifikasi/        As currently
                                           reported         Reclassifications       reported


   LAPORAN LABA RUGI                                                                                            STATEMENT OF PROFIT
      DAN PENGHASILAN                                                                                          OR LOSS AND OTHER
      KOMPREHENSIF LAIN                                                                                     COMPREHENSIVE INCOME

       Beban bunga                          (440.803)                 19.977               (420.826)                   Interest expenses

       Pendapatan operasional lainnya                                                                           Other operating income
         Lain-lain                           163.011                   (1.542)             (161.469)        General and administrative

       Beban operasional lainnya                                                                              Other operating expenses
         Umum dan administrasi              (209.734)                 (19.977)             (229.771)        General and administrative

      Pendapatan bukan operasional                 -                   3.827                  3.827                Non-operating income

      Beban bukan operasional                      -                   (2.285)               (2.285)            Non-operating expenses


   LAPORAN ARUS KAS                                                                                          STATEMENT OF CASH FLOW

   ARUS KAS DARI                                                                                                    CASH FLOW FROM
     AKTIVITAS OPERASI                                                                                        OPERATING ACTIVITIES

       Pembayaran bunga                     (453.464)                 19.977               (433.487)       Payments for interest expense

       Pembayaran beban lainnya - neto      (209.705)                 (19.977)             (229.682)   Payments for other expenses - net

       Penerimaan pendapatan                                                                                 Receipts from non-operating
         bukan operasional                         -                        2                     2                            income

       Pembayaran beban                                                                                      Payments for non-operating
         bukan operasional                         -                   (1.667)               (1.667)                        expenses

       Penerimaan pendapatan lainnya         125.611                   1.665               127.276           Receipts from other income



47. Tanggung Jawab Manajemen atas Laporan                                 47. Management's Responsibility on the Financial
    Keuangan                                                                  Statements

    Manajemen Bank bertanggung jawab atas                                        The Bank’s management is responsible for the
    penyusunan penyajian laporan keuangan yang                                   preparation and presentation of the financial
    diotorisasi oleh Direksi untuk terbit pada tanggal                           statements which were authorized by Director for
    28 Februari 2025.                                                            issuance on February 28, 2025.




                                                                137
Page 320
DISCLAIMER AND COPYRIGHT: All the information in this Annual Report has been carefully collated and verified. However, PT Bank QNB Indonesia Tbk
accepts no liability whatsoever for any direct or consequential losses arising from its use. Where an opinion is expressed in this Annual Report, unless
otherwise cited, it is a form of opinion of the authors which does not coincide with that of any other party, and such opinions may not be attributed to
any other party.
This Annual Report is distributed on a complimentary basis to valued business partners of PT Bank QNB Indonesia Tbk. It shall not be reproduced in
whole or in part without prior written permission of PT Bank QNB Indonesia Tbk.
Any and all matters arising as a result, whether directly or indirectly, from any violation of the provisions in this representation, are not the burden of
PT Bank QNB Indonesia Tbk, therefore PT Bank QNB Indonesia Tbk shall be released and exempted from all forms of liability.
Page 321
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Jakarta 12190
Telephone : (+62 21) 515 5155
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Names mentioned 146 people and organisations named in the text · linked when the evidence is strong

linked org Bank QNB Indonesia Tbk · Company Name p.2 ×404
linked org Garuda Indonesia p.15 ×4
linked person Nicolas Alix Groene (Nick Groene · Direktur Utama p.20 ×20
linked person Gede Shanta Wiguna · Director p.22 ×42
linked person Djoko Sarwono · Independent Commissioner p.23 ×42
linked person Muhammad Anas Malla · Independent Commissioner p.23 ×35
linked org Qatar National Bank p.26 ×17
linked — Ooredoo Hutchison p.34
linked org Syailendra Capital p.35
linked org Trimegah Sekuritas Tbk. p.36 ×2
linked person Mario Albert Utama · Direktur p.38 ×14
linked person Romy Yulianto Santoso p.39 ×4
linked person Fatma Al-Suwaidi · President Commissioner p.41 ×9
linked person Khalid Al-Sada · Commissioner p.41 ×10
linked org Malayan Banking Berhad p.46
linked — Standard Chartered p.46 ×4
linked person Soemenggrie Jongkamto · Direktur p.51 ×13
linked org Bank CIMB Niaga. p.53 ×2
linked org Bank OCBC NISP Tbk. p.53 ×2
linked org Bank Danamon p.55
linked org Bank UOB Indonesia Tbk p.55 ×4
linked org Bank CTBC p.55
linked person Amir Abadi Jusuf p.57 ×4
linked person Heru Subroto · Anggota p.196 ×5
linked person Idewan Diaz · Anggota p.196
possible — Batavia Prosperindo p.35
possible — Vacant · Director p.38
possible person Nick Groene's · President Director p.43 ×22
possible person Windiartono Tabingin’s · Director p.44 ×29
possible org Bank Rakyat Indonesia p.44 ×3
possible org Bank Negara Indonesia (Persero) Tbk p.50 ×2
possible person Haryanto Suganda’s · Direktur Utama p.51 ×18
possible person Mario Utama’s p.52 ×11
possible org Bank DBS p.55
possible org PT Bursa Efek Indonesia p.58
possible org Bank QNB Indonesia’s p.65 ×3
possible org Indosat Tbk p.74 ×4
possible org Otoritas Jasa Keuangan p.85
possible person Fatma Abdulla S S Al-Suwaidi · Komisaris Utama p.86 ×4
possible person Khalid Ahmed Al-Sada p.86 ×3
possible person Helmi p.191 ×2
unresolved org PT Bank QNB Indonesia Tbk’s p.2
unresolved — Changes in Accounting Policy and Their Impacts p.3 ×2
unresolved — 2025 Strategy and Projections p.3
unresolved — Profile p.3 ×2
unresolved org Executive Management Profiles p.3
unresolved org & Other Securities Listing Chronology p.3
unresolved org Capital Market Supporting Institutions p.3
unresolved — Membership in Associations p.3
unresolved — Statement of Cash Flows p.3
unresolved org Commitments for Investment in p.3
unresolved — Comparison of 2024 Targets and Achievements p.3
unresolved org Bank Indonesia p.8 ×28
unresolved person Leonard Hendrik-Willem Van Sandick · Notaris p.26
unresolved org Indonesia Stock Exchange p.26 ×4
unresolved org PT Bank Chunghwa p.27
unresolved org Bank Shangyeh p.27
unresolved org Chinese Trading Company Limited p.27
unresolved org PT Bank Kesawan. p.27
unresolved org Bank QNB Kesawan Tbk. p.28 ×2
unresolved org Bank Certificates p.32
unresolved org Financial Services Authority p.32
unresolved org Bank Guarantees p.34 ×2
unresolved org PT Allianz Life Indonesia. Advantages p.35
unresolved org PT Batavia Prosperindo Aset Manajemen Advantages p.35
unresolved org PT Mandiri Manajemen Investasi p.35
unresolved org PT Manulife Aset Manajemen Indonesia p.35
unresolved org PT Trimegah Asset Management p.35
unresolved org PT Syailendra Capital Allianz Wealthlink Prestige Life II p.35
unresolved — CEO · President Director p.38
unresolved person Windiartono · Director p.39
unresolved person Ir. H. Juanda p.40
unresolved org PT Asuransi Jiwa Bringin Jiwa Sejahtera p.44
unresolved org PT Hongkong p.45
unresolved org Shanghai Banking Corporation p.45
unresolved org Bank Risk Management Qualification p.45
unresolved person Mario · Director p.46 ×6
unresolved org PT Bank BNP Paribas Indonesia p.46
unresolved org PT Bank ICBC Indonesia p.46
unresolved org PT Bank ANZ Indonesia p.46
unresolved person Khalid p.48
unresolved org PT NISP Asset Management p.49
unresolved org PT Aberdeen Asset Management p.49
unresolved org PT Swadarma Sarana Informatika p.50
unresolved org PT Swadarma Sarana Informatika. Mr. Anas Malla p.50
unresolved person Lee Guo Chun p.51 ×12
unresolved org Bank Commonwealth. Carina Hastari Tanubrata p.53
unresolved org Bank Commonwealth p.53 ×3
unresolved org PT Bank KEB Hana p.53 ×2
unresolved org Bank CIMB Niaga. Denny Soedharmo p.54
unresolved org PT Bank ANZ Indonesia. She p.54
unresolved org HSBC Corp. Ltd. p.54
unresolved org AHP & Partners p.55
unresolved org PT Sigma p.55
unresolved org Bank QNB Indonesia Shelf Registration Bond I Phase p.56 ×2
unresolved org Young Global Limited p.57 ×2
unresolved person Christophorus Alvin Kossim Rudi Hartono Purba p.57
unresolved org Mawar & Rekan p.57 ×4
unresolved person Bimo I. Santoso p.57 ×3
unresolved org PT Adimitra Jasa Korpora p.58
unresolved person H. R. Rasuna Said p.58
unresolved org PT Kustodian Sentral Efek Indonesia p.58
unresolved org PT Kustodian Sentral Efek Indonesia Indonesia Stock Exchange p.58
unresolved person Committee · Member p.59
unresolved org Kota Nusantara p.62
unresolved org Bank S.A.E. In p.69
unresolved org Bank S.A.E. p.69 ×3
unresolved org PT Bank QNB The Bank’s p.73
unresolved org Indonesia Tbk p.73
unresolved person with its controlling shareholder, i.e., a hedging transaction p.74
unresolved org for the decline in the value of foreclosed assets, obtained p.74
unresolved org via Bank Guarantee issued by Qatar National Bank p.74
unresolved — (Q.P.S.C.) on 23 July 2024. p.74
unresolved org Minister of Finance Regulation p.74 ×2
unresolved org Minister of Finance Regulation (PMK) No. 74 was p.74
unresolved org Minister of Law and Human Rights p.87
unresolved org QNB Indonesia's Limited p.88
unresolved — BoC’s performance is assessed regularly every year. · the BoC through the preparation of the bank’s p.92
unresolved — BoC’s performance of duties and responsibilities are: · This method of assessment of the BoC’s performance p.92
unresolved — Shareholders at the GMS. · implementation self assessment. p.92
unresolved — Governance Outcome. · of the execution of duties and responsibilities of each p.92
unresolved — responsibilities, encompassing the Membership · Based on the aforementioned matters, the performance p.92
unresolved — Assessment of the BoC’s performance follows · of governance, risk management, and the Bank’s p.92
unresolved — below procedures/mechanisms: · compliance. In the Financial Statements for FY2024, p.92
unresolved — BoC’s performance is evaluated by · However, there remains room for improvement, p.92
unresolved — Shareholders at the AGMS, concurrent with · particularly in ensuring sustainable finance. The BoC will p.92
unresolved — subsequently determines whether to accept · performance. p.92
unresolved — to provide full acquittal and discharge (acquit et · plans for the BoC. The assessment result is expected to p.92
unresolved person EGMS · Director p.94
unresolved person AGMS · Director p.94 ×2
unresolved org Portfolio Management Specialist · Member p.108
unresolved org QNB Indonesia Tbk p.174
unresolved org Menteri Hukum dan Hak Asasi p.191
unresolved org Ministry of Law p.191
unresolved org Kementerian Hukum dan Hak Asasi p.191
unresolved org Minister of Laws and Human Rights p.191
unresolved org Bank Surat Keputusan Menteri Keuangan Republik p.191
unresolved org Menteri Keuangan Republik p.191
unresolved org Minister of Finance Indonesia p.191
unresolved person Extraordinary Shareholders’ General Meeting Fathiah Helmi p.195
unresolved org Kementerian p.195
unresolved org Minister of Laws p.195
unresolved person Khalid Ahmed KH A Al-Sada · Komisaris p.195 ×6
unresolved person Kepatutan · Direktur Utama p.196
unresolved person Tjetjep Hasmitha · Anggota p.196
unresolved person Ruth Theresia · Anggota p.196

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