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Page 1
HUMAN
CAPITAL




The Medium-Term Plan for Human
Resources (HR) has a major objective,
namely that the Company is able to
attract and retain the best Indonesian
talent who have superior capabilities
with a high level of productivity to
achieve the Company’s strategic
goals and business targets.




432   PT Bank Tabungan Negara (Persero) Tbk
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Page 3
                                        Human
                                        Capital




Human Capital
Management Strategy

In order to realize “One of Homes of Indonesia’s Best              -  Indicators:
Talent”, the Human Resources (HR) development work                    a. Turnover Rate: Below the average of leading
program in the short and medium term has been aligned                     banks in Indonesia.
with the 2021-2025 Corporate Plan. The Medium Term                    b. Sustainable         Engagement:      Employee
Plan for Human Resources (HR) has a big goal, namely                      engagement        survey    score   reflecting
that Bank BTN is able to attract and retain the best                      employee satisfaction and loyalty to BTN.
Indonesian talent who have superior capabilities with              - Achievements for each indicator are as follows:
a high level of productivity to achieve the Company’s                 a. Turnover Rate: 1.59%, lower than the banking
strategic goals and business targets.                                     industry average.
                                                                      b. Sustainable Engagement: Score of 93 from an
In order to realize the End-state Human Capital of BTN, 4                 independent survey.
(four) pillars of Endstate dimensions have been formulated      3. Talents’ Capability Readiness
which are the parameters for the success of achieving              - Dimension: BTN possesses strategic capabilities
the condition of “Becoming a home for the best talents of             to support the achievement of business targets
Indonesia”. Up to 2024, the indicators and achievements of            in the present and future.
each pillar were as follows:                                       - Indicator: Critical Capability – Percentage of
1. Ability to Attract Top Talent                                      talents with critical capabilities based on BTN’s
    - Dimension: BTN becomes one of the top-of-mind                   needs.
        employers for external candidates from leading             - Pencapaian: Kapabilitas Kritikal: 1:3 successor
        companies and universities in Indonesia.                      ratio for positions at BOD-1 level.
    - Indicators:                                               4. Employee Productivity
        a. Employer of Choice: BTN becomes one of the              - Dimension: BTN employee productivity is above
             best workplaces in Indonesia based on an                 the average of similar companies.
             independent assessment.                               - Indicators:
        b. Fresh Graduate Hire: 80% of fresh graduate                 a. Employee productivity based on operational
             candidates recruited come from the top 10                    revenue (Revenue/Employee).
             universities in Indonesia or the global top 100          b. Employee productivity based on assets per
             universities.                                                employee (Assets/Employee).
    - Achievements for each indicator are as follows:              - Achievements:
        a. Employer of choice: Ranked 3rd in LinkedIn’s                a. Productivity (Revenue/Employee): IDR 2.671
             Top Companies for career development.                        billion/employee.
        b. Fresh Graduate Hire: 89% of fresh graduates                 b. Productivity (Assets/Employee): IDR 36.426
             are recruited through the ODP recruitment                    billion/employee.
             from the top 10 universities in Indonesia or the
             top 100 universities globally.
2. Ability to Retain Top Talents
    - Dimension: Ability to retain top talents to continue
        working and growing with BTN.




434       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                                                                2024
                                                                                                                                                        Annual Report




Below is the illustration of the Human Capital (HC) roadmap for 2022–2025:




                                                                              BTN Human Capital Mission
                                                                        “On of Home of Indonesia’s Best Talent”
HC Vision
                                          BTN is able to attract and retain the best Indonesian talents who have superior capabilities
                                          with a high level of productivity to achieve the Bank’s strategic goals and business targets.




                     Ability to attract top                      Ability to retain top                          Talents’ Capability                               Employee
Dimensions                   talent 1                                   talents                                     Readiness                                    Productivity

                   Becoming one of the top of                Able to retain top talents                  Bank BTN has the capabilities                     BTN Bank employee
                   mind employers for external               to continue working and                     needed to achieve the Bank’s                    productivity is above the
                    candidates from leading                  developing with Bank BTN                    strategic goals in the present                   average of well-known
                  companies and universities in                                                                    and future.                                organizations
                          Indonesia



                    Employee of Choice - Bank
                   BTN becomes one of the best               Turnover Rate - Below
                  workplaces in Indonesia based            Average of Largest Banks in
                     on an assessment by an                                                                  Critical Capabilities                     Employee productivity based
                                                                   Indonesia
                        independent party                                                                     - Professional level                      on revenue/profitability of
                                                                                                                                                         the business generated is
Indicators                                                                                                       enhancement
                                                                                                           for critical capabilities of                above the average of the Top
                   Fresh Graduate Hire - 80% of             Sustainable Engagement -                     employees at BoD-1 level and                  10 Banks1 (Revenue/PPOP per
                    fresh graduate candidates              Employee Engagement Score
                                                                                                             Successor readiness                                employee)
                   recruited come from the Top            based on credible independent
                   10 universities in Indonesia or           party assessment above
                     Global Top 100 Universities                 industry average



                                                         1,59% The employee turnover                                                                        Revenue Per Employee
                                                                                                                    SUCCESSOR RATIO
                   Rank                                                                                                                                          (Million/Employee)




                   3
                                                               rate in 2023 is below the

                                                                                                         1 : 3,4
                                                                                                                               Successor Ratio
                                                                                                                                                        2.671                 2.399
                                                                         average of the 5 Largest
                                                                         Banks                                                 For Positions in
                             Linkedin’s Top                              (BCA : 3.6%, Mandiri : 5.26%,
                             Companies 2024 in terms                                                                                         Layer 1                         Average of 10
                                                                         BNI : 1.2%, BRI : 2.88%)        Q1 -> target : 30 |                               BTN
                             of career development                                                       realization : 96 | achievement 320 %                                Largest Banks

Achievement
                  90,2%                                  93 Score
                               Fresh Graduate Hire                                                                                                          Assets Per Employee
                                                                  Employee                                          SUCCESSOR RATIO                              (Million/Employee)
                               ODP Recruitment
                               Path Comes from
                               TOP 10 Universities in
                                                            Engagement
                                                         Versi Willis
                                                         Towers
                                                                        (Sustainable                     1 : 1,6               Successor Ratio
                                                                                                                               For Positions in
                                                                                                                                                       36.426               35.500
                               Indonesia / Global Top                   Engagement).
                                                         Watson                                                                             Layer 2                          Average of 10
                               100 Universities                                                          Q1 -> target : 224|                               BTN
                               Target : 80%                                                              realization : 379 | achievement 169 %                               Largest Banks




                                                                                                         6 dari 10             BUMN leadership
                                                                                                                               competencies
                                                                                                                               that meet
                                                                                                                               standards




To achieve the end-state dimension parameters, three (3) Strategies and fourteen (14) Strategic Initiatives have been
developed as follows:


1. Becoming the preferred workplace for top talent                                                3. Focusing on value creation and becoming a
   through    improvements     in   recruitment     and                                              Business Partner through organizational alignment
   onboarding processes that enhance employee                                                        to promote the business partner function, Digital HR
   experience, a motivational and competitive reward                                                 implementation to support operational excellence
   system in the market, and the activation of the                                                   and decision-making, and Corporate Culture
   Company’s Employee Value Proposition.                                                             Internalization implementation
2. Strengthening employee capability, productivity, and                                           .
   competitiveness through improvements in employee
   capability enhancement programs, interventions
   to support a learning culture, consistent coaching
   implementation, and the application of productivity
   metrics in workforce planning and performance
   management.




                                                                                                                 PT Bank Tabungan Negara (Persero) Tbk                                       435
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                                        Human
                                        Capital




Human Capital Management
Policy and Implementation

Recruitment

Policy

Bank BTN has various recruitment channels that                  3. Collaboration with headhunters
provide opportunities for various levels of society to          4. Collaboration with educational institutions
join Bank BTN. Provisions regarding recruitment are             5. Campus Hiring
regulated in Special Policy No. KK3.A dated October
31, 2023 concerning the Human Capital Cycle, and in             According to the Technical Guidelines No. 3-A.11 on
detail in Technical Instructions No. 3-A.11, concerning         Recruitment and Selection, regulations also cover
Recruitment and Selection. Employee recruitment in              Disability Recruitment, specifying the types of disabilities
2024 was carried out through various external and               that meet the criteria for candidates. Currently, the
internal recruitment channels to ensure that employees          eligible disabilities include Mild Physical Disabilities and
in work units are fulfilled according to the number and         Speech Disabilities. However, other disability categories
capability requirements. Recruitment implementation             may be considered in future recruitment while preparing
at the Company has implemented gender equality and              proper accommodations and accessible facilities for
opportunities for people with disabilities.                     employees with disabilities.


The principles of employee recruitment based on KK.3.A          Recruitment Implementation
include:
1. 1Based on Employee Needs Planning, covering job              Throughout 2024, a total of 1,227 employees have been
    types and requirements, the number of employees             recruited through various recruitment channels. One
    needed, and/or future capability needs.                     of these channels includes recruitment for individuals
2. Fulfilling employee needs from both external                 with disabilities. This program is also an initiative
    and internal sources of the Bank is based on the            from the Ministry of State-Owned Enterprises (BUMN)
    determination of work unit formations through               through the Forum Human Capital Indonesia (FHCI),
    Workload Analysis.                                          where the Company has recruited 16 individuals with
3. Employee acquisition will be carried out if the              disabilities in 2024. During the recruitment process,
    analysis results indicate a gap (deficit) between the       the Company does not discriminate based on gender
    calculated employee needs and the current number            or race, and all candidates are treated equally. The
    of employees in a unit.                                     Company consistently applies the principles of Diversity,
4. In addition to fulfilling Employee Needs calculations,       Equity, and Inclusion (DEI) as part of its commitment
    Employee Acquisition may also be conducted                  to sustainability principles in accordance with the
    when there is a vacant position that must be                Company’s ESG Roadmap..
    filled immediately. This recruitment can be done
    both internally and externally, aligning with the           As part of the 2024 recruitment activities, the Company
    requirements of the designated job profile.                 has recruited 1,227 employees through various
5. Employee acquisition primarily focuses on fulfilling         recruitment pathways, including:
    workforce needs from within (Promotion and                  a. Talent Scouting, Career Days, and Inspire Corner at
    Rotation), without ruling out the possibility of external      leading universities in Indonesia.
    recruitment if internal fulfillment is insufficient or      b. Recruitment of 16 employees with disabilities.
    inadequate.                                                 c. Special recruitment for the Regional Leader
                                                                   Development Program (RLDP) with 19 employees.
Job Posting may be conducted using several methods,             d. Bakti Diaspora 2024 recruitment in New York and
including but not limited to:                                      Vancouver.
1. Internal Job Posting                                         e. Implementation of Inspire Corner in Brisbane,
2. Open Recruitment                                                Australia, for diaspora talent.




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                                                                                                      2024
                                                                                              Annual Report




Table of Recruitment Implementation for 2024

      No.                    Recruitment Pathway                                   Number

       1.    Frontliner                                                                 312

             a.   Customer Service Staff                                               148

             b.   Teller Service Staff                                                 164

       2.    General Banking Staff                                                     622

       3.    Secretary                                                                   13

       4.    Officer Development Program                                               243

       5.    Experienced/ Pro-Hire Hiring                                               37

     Total                                                                            1.227




Competency Development

Policy

Developing hard skill and soft skill competencies          3. Developing – A comprehensive competency
becomes part of the Human Capital cycle guidelines            development process for employees projected for
in managing Human Resources in accordance with                higher positions.
Special Policy No. KK.3-A, concerning the Human Capital
Cycle. Every employee is obliged to develop their          This program aims to ensure sustainable human
competencies so they can do their job well, and prepare    resource management, responsiveness to change,
themselves to be able to face change and/or occupy a       and alignment with business needs and organizational
higher position.                                           vision. Employee competency development focuses on
                                                           leadership, critical capabilities, funding, transactional,
Employee competency development is carried out             and digital banking.
through structured and systematic learning and
development programs to enhance the required               Implementation of Competency
knowledge, skills, and attitudes. The learning and         Development
development framework is designed using the Analysis,
Design, Development, Implementation, Evaluation            The Company conducts learning and development
(ADDIE) approach and applies the 10:20:70 learning         programs     to   continuously    meet   competency
model, consisting of:                                      requirements, aligned with the annual business
1. 10% through formal learning.                            strategy focus through training, development, special
2. 20% through learning from others.                       assignments, as well as transfer and promotion
3. 70% through learning by doing.                          programs.


The Principle of Equality is applied, ensuring that all    The Company is committed to ensuring that all
employees have equal opportunities for learning and        employees have equal opportunities for growth,
development, from the initial placement phase to           regardless of job level or gender. The learning and
being projected into higher positions. The employee        development process is designed to provide equal
competency development cycle includes:                     opportunities for all employees, whether in managerial
                                                           or non-managerial positions.
1. Onboarding – The preparation process for employees
   in new positions, either through internal movement      Additionally, the Company promotes gender equality
   (rotation, promotion, transfer) or for new employees.   by ensuring that both men and women have the same
2. Equipping – The process of enhancing or refreshing      access to career development through learning and
   the competencies of employees in their current          development programs that support their professional
   positions.                                              growth. Through this approach, the Company fosters an
                                                           inclusive work environment, offering equal opportunities
                                                           for all employees to develop their competencies.



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                                     Human
                                     Capital




Competency Development in 2024

Below is the table of competency development distribution by job level and gender for the period January – December
2024:


Table of Competency Development in 2024

                             Employees                                                      Employee Training
                                                     Total
 No.     Job Level                                                    Training Field
                                                   Employees
                          Male       Female                                                  Male       Female

  1    EXECUTIVE VICE         2                1           3    Leadership                       2             1
       PRESIDENT
                                                                Operational Banking              2             1

  2    SENIOR VICE           27                3          30    Business & Sharia Banking        2            -
       PRESIDENT
                                                                Leadership                      23            3

                                                                Operational Banking             26            3

                                                                Sales & Service                  2            2

  3    VICE PRESIDENT        87           23             110    Business & Sharia Banking        5            3

                                                                Credit & Risk                    12           2

                                                                Leadership                      50            17

                                                                Operational Banking             83            21

                                                                Sales & Service                  10           3

  4    ASSISTANT VICE       122           22             144    Business & Sharia Banking        9             1
       PRESIDENT
                                                                Credit & Risk                   33            3

                                                                Leadership                       41          18

                                                                Operational Banking             121          22

                                                                Sales & Service                  5            5

  5    SENIOR               166            51            217    Business & Sharia Banking       23            5
       MANAGER
                                                                Credit & Risk                   36            17

                                                                Leadership                      52           32

                                                                Operational Banking            166           51

                                                                Sales & Service                  16          10

  6    MANAGER              831          336            1.167   Business & Sharia Banking       110          28

                                                                Credit & Risk                   281          121

                                                                Leadership                     143           75

                                                                Operational Banking             831         333

                                                                Sales & Service                 102          113

  7    ASSISTANT           1.718        1.215          2.933    Business & Sharia Banking      230          125
       MANAGER
                                                                Credit & Risk                  684          437

                                                                Leadership                      93           141

                                                                Operational Banking           1.707        1.207

                                                                Sales & Service                303          223




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                                                                                                                          2024
                                                                                                                  Annual Report




                                  Employees                                                                           Employee Training
                                                                 Total
 No.      Job Level                                                                     Training Field
                                                               Employees
                               Male           Female                                                                  Male        Female

  8    SENIOR STAFF            2.594            3.065                5.659        Business & Sharia Banking             368         366

                                                                                  Credit & Risk                         989        1.006

                                                                                  Leadership                            241          170

                                                                                  Operational Banking                 2.594        3.065

                                                                                  Sales & Service                       463        1.024

  9    STAFF                    1.013             1.571              2.584        Business & Sharia Banking              118         158

                                                                                  Credit & Risk                         248         257

                                                                                  Leadership                              -          20

                                                                                  Operational Banking                   974        1.476

                                                                                  Sales & Service                       248         490

          Total                6.560            6.287               12.847


Various employee development programs have been implemented across five training areas with the following objectives:



         Training Field                                                        Training Objectives

 Business & Sharia Banking              Enhancing employee competencies in sales, marketing, general knowledge, and other
                                        aspects within the Sharia Banking sector.

 Credit & Risk                          Improving expertise in credit and credit risk management.

 Leadership                             Developing leadership skills and career advancement opportunities for employees.

 Operational Banking                    Strengthening employee competencies in the Company’s operational activities.

 Sales & Service                        Enhancing skills in sales and customer service.



Evaluation of Competency Development Implementation

To assess the effectiveness of competency development programs, the Company applies a systematic and
comprehensive evaluation approach using the Kirkpatrick method, which consists of four levels of evaluation:


                          CTION                           Level 2               HAVIOURS                    Level 4
                       REA                                                    BE




                                                    LEA
                          Level 1                          RNING                 L e ve l 3                 RESULT



    Participants’ evaluation             Evaluations participants’             Evaluations to measure           Evaluations are conducted
   of the implementation of                understanding of the              the impact of learning and          to measure the impact of
  learning and development              learning and development              development on changes            learning and development
    regarding the relevance              materials that have been              in participant behavior            on improving aspects of
     and satisfaction of the                     provided.                   and its application in work.       the Company’s business or
            activities.                                                                                             business processes.




                                                                                         PT Bank Tabungan Negara (Persero) Tbk        439
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                                      Human
                                      Capital




Competency Development Costs

In its implementation, the Company systematically allocates a budget for employee learning and development,
referring to regulations governing human resource competency development. The funds are allocated for employee
learning and development activities in technical, non-technical, and leadership fields. The total budget allocation for
competency development in 2024 increased by 10.01% compared to 2023.



               Competency Development Costs
                                                                                          Growth
                     (in IDR millions)

                                                                  In local currency
               2024                        2023                                                    In Percentage (%)
                                                                   (in IDR millions)

             105.530                      95.928                         9.602                           10,01%




Career Development

Policy

As part of a sustainable human resource strategy, BTN has implemented a new grading system based on the Global
Grading System to support BTN’s competitive positioning in the banking industry. This system ensures that each
employee has a progressive career path aligned with global standards. Adjustments to the grading system are
necessary due to organizational growth, business scale expansion, and operational model changes. Below is BTN’s
grading system:



        Band                      Grade                                            Corporate Title

                                    6A                  Senior Executive Vice President

                                    5B                  Executive Vice President
    5
                                  4E/5A                 Senior Vice President

                                    4D                  Vice President

               4                    4C                  Vice President

                                    4B                  Assistant Vice President

                                  3E/4A                 Senior Manager

                                    3D
                                                        Manager
    3                               3C

                                    3B
                                                        Assistant Manager
                                    3A

                                    2F
                                                        Senior Staff
                                    2E

                                    2D
         2                                              Staff
                                    2C

                                    2B
                                                        Junior Staff
                                    2A




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                                                                                                           2024
                                                                                                   Annual Report




The Global Grading System encourages employees to           Based on these criteria, employees will be mapped into
enhance their technical, behavioral, and leadership         a 9-box matrix as follows:
competencies according to their level. Specifically,
positions like Deputy Division Head (4E) and Division
Head (5A) now have clearer competency definitions,                                       7
                                                                                                        8             9
                                                                            High       Solid
particularly in leadership and people management. A                                  Contributor
                                                                                                    Performer        Star
key policy within this system is that cross-band grade




                                                             Performance
gaps are not permitted, ensuring structured career
progression and helping employees prepare for greater                                     4
                                                                                                        5              6
                                                                           Medium       Slow
responsibilities.                                                                      Starter
                                                                                                     Average       Potensial


Following the post-implementation of the new grading
system, three key positive impacts have been observed:                                                   2            3
                                                                                         1
                                                                            Low                        Slow         Career
Job grading adjustments to align with function and                                      Unfit
                                                                                                      Starter       Person
responsibilities, Reduction in grading gaps, leading to a
more structured career path, and Improved labor cost
efficiency.
                                                                                        Low          Medium          High

TALENT MAPPING
Career development at BTN refers to the provisions
of Special Policy No. KK.3-A on the Human Capital                                                   Potential
Cycle. In general, the career patterns regulated by the
Company for all employees include the acceleration
track, fast track, middle track, normal track, moderate
track, and slow track. As the basis for employee career     Here are the nine (9) types of talent:
management, talent mapping is carried out by grouping       1. Star: Employees with High Performance and High
employees based on their potential.                            Potential.
                                                            2. Performer: Employees with High Performance and
Employee talent mapping consists of performance and            Medium Potential.
potential aspects. Each aspect is categorized into three    3. Solid Contributor: Employees with High Performance
criteria: low, medium, and high.                               and Low Potential.
                                                            4. Potential: Employees with Medium Performance and
The performance aspect is based on the results of the          High Potential.
Individual Performance Evaluation (IPE) over the last       5. Average: Employees with Medium Performance and
three years when the Talent Mapping assessment is              Medium Potential.
conducted.                                                  6. Slow Starter: Employees with Medium Performance
2. The potential aspect is measured based on two               and Low Potential.
    factors:                                                7. Career Person: Employees with Low Performance
    • Cognitive    Assessment    (Learning    Agility),        and High Potential.
       weighted at 20%                                      8. Slow Starter: Employees with Low Performance and
    • Behavioral Competency Assessment, weighted               Medium Potential.
       at 80%                                               9. Unfit: Employees with Low Performance and Low
                                                               Potential.




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                                           Human
                                           Capital




Career advancement is categorized into two (2) levels based on the employee band:
1. Employees with a person grade band of 2
   - Employees may be given a promotion opportunity if they have accumulated a minimum score of 10 in their last
      person grade.
   - The score determination will be based on the results of the Individual Performance Evaluation, following these
      rules.



                                   Individual Performance Evaluation                                   Score

        Performance Rating 1                                                                              5

        Performance Rating 2                                                                              4

        Performance Rating 3                                                                              3

        Performance Rating 4                                                                              2

        Performance Rating 5                                                                               1



2. Employees with a person grade band of 3 and above
   - Career opportunities will be determined based on talent mapping results, which are categorized into six (6)
     career paths as follows:




                                                                               Employees who fall into the Successor
                                                       Acceleration Track          category may have a promotion
                                                                                     opportunity in less than 1 year.
  Employees who are included in the
  Star and Performer groups based on
  the results of Talent Mapping can be               Fast Track
  promoted 1 (one) year after occupying
  the last Person Grade.                                                             Employees who are included in the
                                                                                   Potential group based on the results
                                                              Middle Track         of Talent Mapping can be promoted
                                                                                  2 (two) years after occupying the last
  Employees who are included in the Average                                                               Person Grade.
  group based on the results of Talent Mapping
  can be promoted 3 (three) years after                 Normal Track
  occupying the last Person Grade.                                             Employees who are included in the Solid
                                                                                Contributor group based on the results
                                                            Moderate Track         of Talent Mapping can be promoted
                                                                                 4 (four) years after occupying the last
  Employees who are included in the Slow Starter                                                          Person Grade.
  group with Average Performance and Low
  Potential can be promoted 5 (five) years after          Slow Track
  occupying the last Person Grade.




To ensure transparency, motivation, and positive competition, BTN has established two official career advancement
periods per year:
1. Period I: early year
2. Period II: mid year


Note: Career advancement outside the designated period may be possible based on certain considerations and the
Company’s needs.


Company’s career development concept is tailored to the Company’s needs, employee availability, potential mapping
from talent mapping, career movement patterns based on job risk, and job transitions. This ensures that employee
career development aligns with business needs and the requirements for organizational transformation or change.




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                                                                                                                     2024
                                                                                                             Annual Report




                                                                                         Career                       Position
        Bank                         Employee                        Talent             Movement                     Movement
        Needs                       Availability                      Map              Based on employee            Movement from one
                                                                                        position in talent          position to another
                                                                                           mapping




To ensure the availability of successors, career                          targets, project assignments, technical education,
development programs are implemented for various                          mandatory      certifications, teaching   assignments
job levels. These programs follow steps starting from                     or training facilitation, and certification programs.
candidate identification and selection to talent panel                    Additionally, employees undergo executive coaching,
discussions for determining career movements or                           rotation/replacement,       company     benchmarking,
candidate positioning based on program outcomes.                          participation in professional banking associations,
The types of career development initiatives for                           seminars/conferences, and ad-hoc team assignments
employees include leadership education, immersion                         to enhance their exposure, experience, and professional
programs, coaching and mentoring, setting specific                        network.



Career Development Implementation

To support employee career development, the company conducts employee assessments. The assessment
implementation for 2024 is as follows:


2024 Assessment Details

  No.                                               Description                                               Participants

   1.     Assessment Grade 8 – 13 (ASTONIA)*                                                                       5.045

   2.     Assessment Grade > 13 Using External Consultant Services                                                    129

   3.     Assessment BOD-1 (Ministry of BUMN’s Competency)                                                              9

   4.     Technical Competency Assessment                                                                             318

          Total Employees Assessed                                                                                  5.492


*) ASTONIA is BTN’s internal application for employee assessments.




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                                        Human
                                        Capital




2024 Employee Promotion Details

          Person Grade            Number of Employees                        Person Grade           Number of Employees

                2B                                  1                              4A                           36

                2C                            108                                  4B                              10

                2D                                114                              4C                              9

                2E                            344                                  4D                              5

                3B                                170                              5A                              3

                3C                                172                              5B                               1

                3D                                82                              Total                      1.057

                3E                                 2




Details of Participants in the Talent Acceleration Program (TAP) and BTN Millennial Leader 2024

                                                                                                      Regional Leader
                      TAP Batch 1                       TAP Batch 2        BTN Millennial Leader   Development Program
   Person
                                                                                                          (RLDP)
   Grade
                Number of Participants Number of Participants Number of Participants Number of Participants

     2E                     -                                -                          -                     17

     3A                     -                                -                          3                      -

     3B                     1                                3                       18                        -

     3C                    16                               40                          -                      -

     3D                    34                               23                          -                      -

    3E/4A                  23                                6                          -                      -

     4B                     3                                -                          -                      -

    Total                  77                               72                       21                       17




Performance Evaluation

Policy

Performance Management is a process of ensuring the                   1. Formulation and Determination of Performance
achievement of all employees’ performance in supporting                  Targets which is the process of determining
the company’s goals through a well-structured system.                    performance targets to be achieved for 1 (one) year
This system includes the formulation and determination                   and making a commitment between superiors and
of performance targets, monitoring (guidance/                            subordinates to support the achievement of Unit
coaching), assessment, and evaluation. The objective of                  Performance and Company Performance.
Performance Management is to create clarity regarding                 2. Performance Monitoring which aims to ensure that
the expected results that the company holds employees                    performance targets can be achieved from time to
accountable for, according to their respective positions.                time.
A well-managed Performance Management System can                      3. Performance Assessment, namely the process
effectively differentiate employees’ performance levels                  of evaluating performance targets and their
as the basis for determining fair compensation through                   achievements.
Performance Appraisal. The performance evaluation
process follows a performance management cycle,
which includes:




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The components to be assessed covered:
a. Performance Assessment (90% Weight)
   It is an assessment based on the Key Performance Indicator of the employee’s position. The performance appraisal
   consists of 2 (two) components, namely:
   • Cascading KPI (Key Performance Indicator) components, namely KPIs obtained from cascading results
         (according to the responsibilities and roles of the individual) against KPIs from the layer above or KPIs of work
         units. This component reflected the contribution of an individual to the success of his work unit. The types of
         cascading were as follows:
         Fully Cascade             :   KPI Units were fully passed down to employees with the same target

         Partially Cascade         :   KPI Units were passed down to employees with divided targets/ segments
                                       (according to individual responsibilities).

         Contributory Cascade      :   Unit KPIs were passed down to employees in terms of other KPIs that can support
                                       the achievement of the unit’s KPIs (according to the employee’s role).
   •     The Performance Indicator (PI) component was a measure of the success of the implementation of the
         employee’s job description. This component reflects individual performance based on their job description.


b. Implementation Assessment (10% weight)
   The 2024 cultural implementation assessment uses the application of a 360 multirater survey conducted by >2
   sources of information such as direct superiors, co-workers and subordinates with a number of assessors and
   each assessment weight that has been determined based on the job layer in order to provide a comprehensive
   and thorough assessment of the behavior of the core values ​​of AKHLAK BTNners from various sources.


Performance Assessment Implementation

Employee performance evaluation is conducted through self-assessment by each employee, which is then approved
by their direct supervisor or manager. To determine the final score, the Human Capital Committee of each work unit
calibrates the evaluation based on the bell curve method, aligned with corporate performance and the performance
of each work unit.


The performance evaluation process for the 2024 performance year is currently ongoing, while the results of the 2023
performance evaluation are as follows:

  No.                    2023 Score Category                                    Number of Employees

    1.     Performance Rating 1                                                            1.539

   2.      Performance Rating 2                                                            2.974

   3.      Performance Rating 3                                                           6.560

   4.      Performance Rating 4                                                             236

   5.      Performance Rating 5                                                              28

                         Total Employees                                                  11.337




Remuneration

Policy

In providing remuneration, had been issued which               compensation system implemented by the Company to
improved the previous provisions, namely the issuance          reward employees based on a number of factors.
of Special Policy (KK) No.3-B, concerning Remuneration.
Management of Human Resources or Human Capital                 The scope of the remuneration system included
became one of the most important priorities in running         governance in providing remuneration, compensation,
the Company. Employee remuneration was a salary and            benefits, benefit compensation based on statutory




                                                                          PT Bank Tabungan Negara (Persero) Tbk    445
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                                                 Human
                                                 Capital




regulations and awards. The application of governance                    The remuneration policy prepared had to be at least
in providing remuneration aimed to encourage                             consider:
prudential banking, namely that risk taking in carrying                  1. Creating effective risk management;
out business activities was carried out in a measurable                  2. Company’s financial stability;
manner and refered to statutory provisions regarding risk                3. Adequacy and strengthening of the Company’s
management so that excessive risk taking by decision                        capital;
makers could be avoided and business continuity and                      4. Short-term and long-term liquidity needs;
the health of the Company could be maintained.                           5. Future income potential.
                                                                         6. Prioritize the principle of equality without
                                                                            distinguishing gender.



Remuneration Implementation

In line with its remuneration principles, the Company applies a performance-based reward system, meaning that
the higher an employee’s performance, the higher the remuneration they receive, with the expectation that this will
enhance productivity. The Company also upholds gender inclusion in remuneration, ensuring that there is no difference
in pay between male and female employees. Remuneration is reviewed periodically to assess its competitiveness in
the market. Additionally, the Company regularly participates in industry salary surveys to determine its position in the
market.



                                                 Male                              Female                         Total

   No.         Position                                     Salary                       Salary                            Salary
                                  Number of                            Number of                       Number of
                                                           Amount                       Amount                            Amount
                                  Employees                            Employees                       Employees
                                                           (Million)                    (Million)                         (Million)

    1.     Level 5B                         2                 2.739            1               1.141         3                3.880

    2.     Level 4C - 5A                  114                109.124         24              20.308         138             129.432

    3.     Level 3C - 4B                 1.119              406.194        409              136.763       1.528             542.957

    4.     Level 3A - 3B                1.718                273.413       1.215            180.037       2.933            453.450

    5.     Level 2D - 2F               2.895                278.398       3.548             327.814       6.443             606.212

    6.     Level 2A - 2C                  712                58.377       1.088              86.775       1.800              145.152

           Total                      6.560                1.128.244      6.285             752.839      12.845           1.881.083

Notes:
- The total number of employees includes both PKWT and PKWTT.




Besides the monthly salary, the Company also provides                    i) Medical Assistance
additional remuneration or benefits, including:                          j) Periodic Health Check-ups
a) Annual Bonus                                                          k) Condolence Assistance
b) Overtime Allowance                                                    l) Company-Owned Vehicle Program (COP)
c) Holiday Allowance (THR)                                               m) Employee      Loans/Financing   (Kredit  Sejahtera
d) Tax Allowance (PPh 21)                                                   Pegawai)
e) BPJS Health and BPJS Employment Benefits                              n) Disaster Relief Assistance
f) Service Award                                                         o) Communication Allowance
g) Pension Allowance                                                     p) Housing Facilities
h) Scholarship for Bachelor’s & Master’s Degrees                         q) Location Allowance (Hardship Allowance) for specific
   (Domestic & International)                                               areas.




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Pension Program                                              Retirement Program Implementation

Policy                                                       Retirement Preparation Program (MPP)

The Bank BTN Pension Program is divided into two             The MPP program is intended for permanent employees,
programs, namely the Defined Benefit Pension Program         who have reached the age of 55 years. The Retirement
(PPMP) managed by the Bank BTN Pension Fund, and the         Preparation Program is designed to help employees
Defined Contribution Pension Program (PPIP) managed          prepare themselves financially, mentally, and physically
by a third party Financial Institution Pension Funds . The   to face retirement so that employees can enjoy a
PPMP program is a program for employees who entered          comfortable and peaceful life after retirement and
Bank BTN before 2004, whereas after 2004 employees           are released from daily work. The MPP program is an
will automatically enter the PPMP program.                   optional program for employees, if employees do not
                                                             apply for the MPP program, the employee’s status will
In the Defined Benefit Pension Program (PPMP),               remain an active PKWT employee until retirement at the
employees still receive benefits equal to the formula        age of 56 years.
determined by the Pension Fund with the maximum
amount of Pension Benefits that could be received by         The implementation of the retirement preparation
employees of up to 80% of the Basic Pension Income           program is as follows:
referring to the Board of Directors Decree which             1. Training Program, which is a provision program in
regulates PT Bank Pension Fund Regulations State                the form of skills training with materials/fields that
Savings (Persero) Tbk (Dapen BTN), In the Defined               are in accordance with the talents/desires of the
Contribution Program, permanent employees receive               related employee, including Financial Management,
retirement benefits from the accumulated contribution           Job Searching, and Entrepreneurship Trainings.
balance of 2.5% of the salary concerned and 7.5% from        2. Career Opportunity Program, which is given the
the Company and the results of its development.                 opportunity to provide service assistance to the
                                                                Company, Subsidiaries and/or Affiliated Companies.
Service Recognition Award                                       The form of service assistance in question is as a
• Karya Purna Bhakti Award, Given to employees who              trainer or Advisor.
   retire at the ages of 36 years and 56 years.              3. Coaching Program, which is the provision of
• Karya Satya Abdi Award, Awarded to employees                  counseling that aims to prepare Employees to face
   who pass away while performing their duties in               life after retirement, and the provision of Coaching
   safeguarding the bank’s reputation, security, assets,        related to developing entrepreneurship and job
   and interests.                                               searching.
• End of Service Award, Given to employees who are
   honorably discharged and to employees who pass            During 2024, 22 employees had conducted MPP Program.
   away.




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                                      Human
                                      Capital




Human Capital
Information System




Management of the company’s Human Capital was                In accordance with the Company’s Human Capital
supported by the development of adequate information         Roadmap 2022-2025, one of the Company’s initiatives is
technology (IT) to ensure operational processes in           to develop a Human Capital Information System (HCIS),
managing the Human Capital cycle and fulfilling              which is divided into 3 (three) development phases, such
employee rights could run well, as follows:                  as by implementing a Cloud-based HC System from the
1. There is an overall monitoring mechanism for              previous HC system, which was on premise basis.
   the alignment of vision and mission and various           1. Phase I: Foundation Phase
   governance,      namely     access,    security   and         The development of the main modules related to
   compliance.                                                   the HC system is implemented to support the Payroll
2. The need to ensure alignment of the HR system                 process such as compensation and benefits as
   landscape with the overall HR strategy.                       well as basic components such as organizational
3. Reduce the level of manual data intervention from             management and personal administration.
   personnel to other internal systems in the company.       2. Phase II: Implementation of HC End To End Cycle
4. Ensure the achievement of operational excellence in           The HC management cycle model starts from
   the HR function and the quality of HR system services         Recruitment and Onboarding to development and
   that is evenly distributed to the smallest work unit in       succession.
   all company operational areas.                            3. Phase III: Scale Up & Deep Dive Phase
5. Systematic implementation of the entire talent                Implementing Workforce Planning and Advanced
   management cycle.                                             People Analytics modules to support management
6. Availability of insight into the entire HR process to         in making data-based decisions and developing
   support decision making for management.                       Artificial Intelligence (AI) in HC business processes.




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                                             Performance &          Succession &
                                                  Goal              Development

                                                                                             Learning
                         Onboarding                                                        Management


                                                                                                    Travel
                 Recruitment
                                                                                                  Management




                                                         FASE II
                                                             2024
 Organization
 Management




  Personal
Administration
                                                                              20 E I I I
                                         F A 023




                                                                                                                 Strategic
                                                                                25


                                                                                                                 Workforce
                                     2




                                                                             S
                                             SE




                                              I                                                                  Planning
                                                                          FA




       Time
    Management




        Compensation


                                                                                                Advanced People
                                                                                                    Analytic
                               Benefit

                                                   Payroll




                                                                             PT Bank Tabungan Negara (Persero) Tbk           449
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                                          Human
                                          Capital




Culture
Internalization

The implementation of the Corporate Culture Program in                relationships. This result on a measurement scale was at
2024 still refers to the 4 (four) pillars of Corporate Culture        point 3.1 on a scale of 5 or it was in the average category.
with the implementation of cultural programs classified               In 2024, the internalization of corporate culture at BTN
into 2 (two), namely:                                                 focused on 3 (three) areas that were mutually beneficial
1. Main Program, which is a corporate culture program                 in building an impactful corporate culture, as follows:
    which is mandatory to be implemented by each                      1. Leadership, which focused on the role of leaders
    work unit in accordance with the 4 (four) Pillars of                  as role models and the interaction of leaders in the
    Corporate Culture                                                     process of internalizing corporate culture.
2. Selected Program, which is namely a corporate                      2. Symbol/Policy & Program, which dedicated on the
    culture program that is a work unit option that is                    effectiveness of the process of internalizing culture
    tailored to the needs of the work unit.                               through the implementation of programs and
                                                                          procedures that are implemented.
As a form of evaluation, review and identification of                 3. Communication,           which       concentrated     on
the implementation impact of the corporate culture                        communication and dissemination of information
program, Corporate Culture Monitoring was conducted                       regarding the internalization of corporate culture.
to work units along with independent consultants. The
monitoring results showed that the implementation                     Internalization of corporate culture through these three
of the culture program had focused on the impacts                     areas was realized into 2 (two) program categories,
generated and from partner testimonials showed good                   such as the Keys Program and the Thematic Program.
indications especially in maintaining and deepening



Keys Program

          Program
 No.                                        Description                                              Objectives
           Name

  1.    Corporate        Launching of 4 (four) mascots depicting each of          Strengthening the internalization of corporate
        Culture          the Company's Cultural Pillars, as follows:              culture through the use of mascots in information
        Pillar Mascot    a. Sally “The Cheetah” as Sales & Service Culture        dissemination
        Launching            mascot
                         b. Ringgo “The Owl” as Risk & Governance Culture
                             mascot
                         c. Percy “The Lion” as Performance Culture mascot
                         d. Lea “The Dolphin” as Learning Culture mascot

  2.    Culture Award    Awards given to Structural Change Agents                 •   Providing boosters to Change Agents so that
        2024             and Non-Structural Change Agents), who have                  they can continue and consistently implement
                         implemented corporate culture optimally                      the company culture in each work unit.
                                                                                  •   Optimizing work units in implementing
                                                                                      corporate culture programs so that they can
                                                                                      have an impact on performance achievement.

  3.    Leadership       Establishing executive forum as an effort to             •   Confirming the engagement of leaders and
        Forum            encourage the role of leaders in business                    corporate culture in achieving the company's
                         development and strengthening corporate culture              vision and mission.
                                                                                  •   Aligning the focus of strategy and as a stimulus
                                                                                      for the role of leaders in accordance with
                                                                                      business challenges and opportunities.

  4.    Culture          Campaign strategy related to the company's               Communicating directions and/or messages
        Campaign         culture internalization program and/or other HC          related to company culture so that they are more
                         programs through communication media while               easily accepted and understood by employees.
                         integrating various internal communication
                         channels.
                         The campaign is carried out in the form of narratives,
                         posters and videos through CEO/BOD Messages.




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          Program
 No.                                     Description                                             Objectives
           Name

  5.    Townhall       The series of activities to commemorate 4 (four)      Providing directives to employees to optimize
        AKHLAK         years of AKHLAK in the form of a town hall from the   the implementation of AKHLAK in performance
                       Board of Directors to all employees with the theme    improvement.
                       "AKHLAK as BUMN for Sustainable Performance
                       Growth and Increasingly Better Services".




Thematic Program

  No.      Program Name                         Description                                        Objectives

   1.     Culture Challange     Organizing a video competition with the theme     Providing an understanding to employees
                                of Core Values AKHLAK, 4 Pillars of Culture and   regarding the importance of corporate culture
                                Implementation of Respectful Workplace            in driving the achievement of corporate
                                Policy (RWP).                                     performance.

                                A reward program for employees who                •   Mitigating employees not to fall into the
                                successfully uncover online gambling and              trap of using illegal online loans and online
                                illegal online loan use by employees.                 gambling.
                                                                                  •   Optimizing       direct   supervision    and
                                                                                      monitoring by employees of the use of
                                                                                      illegal online loans and online gambling in
                                                                                      the work environment.



Employee Engagement Survey
As a proactive step in identifying internal aspects               i. Leadership
that support or hinder employee engagement,                       j. Learning & Development
BTN conducted an employee engagement survey.                      k. Performance Management
This survey aims to measure the level of employee                 l. Retention
engagement and identify areas for improvement.                    m. Supervision
                                                                  n. Sustainable Engagement
The results of the 2024 Employee Engagement Survey                o. Talent Management
(EES) overall showed an average score of 93% on a scale           p. Wellness & Stress
of 100%. This survey measures the level of employee               q. Workload & Flexibility
Sustainable Engagement with a list of Key Drivers
elements as follows                                               The results of the Employee Engagement Survey
a. Pay & Benefit                                                  are used as a reference in developing strategic
b. Collaboration & Teamwork                                       programs to improve employee productivity, employee
c. Competitiveness                                                satisfaction (employee wellbeing) and improve talent
d. Customer Focus                                                 management programs as well as encourage improved
e. Efficiency                                                     communication between employees and management
f. Empowerment                                                    in supporting and creating a positive and productive
g. Goals & Objectives                                             work culture.
h. Innovation




Information Disclosure
to Employees
In implementing information disclosure to Employees, the Company has PPDigital. PPdigital is an integrated platform
that can be used by BTN employees to access internal regulations of the Company. Employees can also access internal
regulations of the Company so that those documents can be used as guidelines in performing their work operations.



                                                                              PT Bank Tabungan Negara (Persero) Tbk           451
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                                    Human
                                    Capital




Human Capital
Management Structure

Human Capital Management in the Company is continuously developed to ensure that the utilized policies, processes,
procedures, and technologies are the best according to best practices and related to statutory. The Company’s
Human Capital management organization is under the leadership of the Director of Human Capital, Compliance,
& Legal, which is managed by 4 (four) Divisions, such as Human Capital Strategy Division (HCSD), Human Capital
Management Division (HCMD), Human Capital Business Partner Division (HCBD), and Learning Management Division
(LMD). The following are the respective functions of the 4 (four) Human Capital Divisions:

1. Human Capital Strategy Division (HCSD) functions             performance management, compensation benefits,
   to prepare short-term to long-term strategies and            and termination of employment, employee relations,
   plans for Human Capital, manages organizational              industrial relations, and managing Human Capital
   completeness, and conducts studies, and provides             technology.
   policy proposals related to Human Capital.                4. Learning Management Division (LMD) functions to
2. Human Capital Business Partner Division (HCBD)               manage and ensure the implementation of employee
   functions to exercise advocacy roles related to              competency improvement including needs analysis,
   human capital service and operational policy                 design, development, implementation programs,
   strategies to partner divisions.                             and evaluation of development and learning
3. Human Capital Management Division (HCMD)                     programs to support the achievement of the
   functions to implement services and operations in            Company’s business strategies and goals.
   the fields of talent acquisition, career management,




                                                Direktur Human Capital,
                                                  Compliance & Legal




        Human Capital               Human Capital                Human Capital              Learning
          Strategy                   Management                 Business Partner           Management




Human Capital Work Plans
in 2025

In preparing the Human Capital Work Program, the             3. Corporate Plan 2025-2029
Company refers to several aspirations, including:            4. Corporate Strategic Themes 2025
1. Shareholder Aspirations (APS) 2025                        5. Join Planning and Challenge Sessions 2025
2. Human Capital Roadmap 2022-2025




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                                                                                           Annual Report




The 2025 Shareholder Aspirations have 5 (five)             2. Reskilling & Upskilling Program
objectives, as follows:                                       This competency enhancement program is designed
1. Increasing the maturity of human capital                   to meet the needs of corporate transformation,
   management maturity level sustainably, based on            which aims to enable employees to deal with
   the SEOs Human Capital Architecture.                       business challenges through new and relevant skills
2. Improving employee productivity, with a relevant           mastery.
   formula to the industry, and a better target than the   3. Accelerating IT, Digital, Analytic & Risk Management
   average in the last 3 (three) years.                       This initiative prioritizes strengthening capabilities
3. Leveraging the company’s average diversity in              in digitalization, analytics, and risk management by
   nominated talent, mainly through the development           accelerating the adoption of the latest technologies.
   of young and female talents.                               This program aims to ensure more effective and
4. Cultivating a respectful work environment with             efficient business processes.
   an inclusive AKHLAK culture, based on the AKHLAK        4. Leadership & Future Competency
   Culture Journey and Respectful Workplace Policy.           The program focuses on developing leadership skills
5. Establishing strategic partnerships with employees,        that are in line with future needs. This program aims
   including implementing employee well-being                 to create competent leaders who are ready to face
   programs so that a stable work culture is built and        long-term challenges, supporting the sustainable
   contributes positively to improve the company’s            growth of the organization.
   performance sustainably.
                                                           PRODUCTIVITY
To support BTN’s new vision in 2025, which was “Main       1. Workforce Shifting
Partner in Financial Empowerment of Indonesian                BTN is refining its workforce structure to adapt to
Families”, Human Capital continuously implement               future business needs. Since 2024, the company
the mission in the HC sector, such as “One of Home            has adjusted the composition of its workforce by
of Indonesia’s Best Talent”. In addition, in 2025, the        emphasizing sales positions (especially those
Company will prepare the HC Roadmap 2025 – 2029,              strengthening the funding sector), IT & Digital. This
which has been part of the Company’s long-term plan,          change is a strategic step in responding to the
as a continuation of the previous HC roadmap.                 decline in traditional transactions at branches due
                                                              to the increase in digital transactions.
Specifically, the thematic preparation of the 2025         2. Self-Funded Incentives & Enhance KPI Sales
Human Capital work program is aligned with the 2025           Improving incentive mechanisms to create a
Corporate Theme, entitled “Strengthen Engine For              productivity-oriented organization that is aligned
Sustainable Funding” dan tema program HC 2025                 with achieving business targets to encourage
yaitu “Build Strong Learning & Development Engine             employees to be more productive, and associated
and Optimize HC Advisory Function to Support Business         with improving sales KPIs so that employees can
Strategy & Sustainable Funding”.                              focus on key indicators, such as funding achievement,
                                                              mobile banking acquisition, and increasing cross-
The 2025 Human Capital strategy initiative will focus on      selling. This attempt is conducted to significantly
capability development and productivity improvement,          improve the company’s business performance.
which are explained as follows:                            3. Low Performer Policy
                                                              To maintain and create an organization that is
CAPABILITY                                                    always oriented towards continuous improvement
1. Establish New Sales & Collection Academy                   and productivity, some improvements are performed
   BTN has launched a new academy, which is                   with a more targeted performance improvement
   dedicated to develop skills in sales and collections.      plan mechanism.
   The program aims to support business sustainability
   and increase workforce productivity.




                                                                     PT Bank Tabungan Negara (Persero) Tbk    453
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INFORMATION
TECHNOLOGY




The Company periodically carries
out Information Technology (IT)
innovations to support the Company’s
business. Several Information
Technology (IT) innovations have also
been carried out in 2024.




454   PT Bank Tabungan Negara (Persero) Tbk
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PT Bank Tabungan Negara (Persero) Tbk   455
Page 25
                                              Information
                                              Technoogy




Information Technology
Strategy Plan




Information technology plays a significant role in supporting the Company’s business. Hence, the Company initiates
specific strategic planning for IT that is expected to be used as a reference in developing Information technology
and improving infrastructure and security of information and data processing. Company’s Information Technology
Strategic Plan (RSTI) 2021- 2025 is supported by 4 (four) fundamental pillars, namely:


1.   Business Aligned IT Strategy                              c. Data-driven Bank
     Align all business necessities to ensure the formulated      Utilize the use and processing of accurate and
     Information Technology Strategic Plan (RSTI) 2021-           quality data to improve services.
     2025 supports the Company’s vision to be The Best         d. Flexible Multi-speed IT
     Mortgage Bank in Southeast Asia by 2025. To attain           The Company accelerates the development
     the Company’s visions, 6 (six) essential themes in           and quality implementation of information
     technology have been formulated, namely:                     technology to adapt fast to every change.
     a. End to end Housing Ecosystem Digitalization            e. Elastic & Resilient Infrastructure
         Support the Company’s business from upstream             The Company provides an integrated system,
         to downstream in the future.                             aggregation between systems, and better
     b. Digitized Operations                                      accessibility to actualize improved effectivity.
         The       Company’s        business       processes   f. Security by Design
         advancement through digitalization using robot           The Company provides secure banking services
         technology or platform tools.                            for customers.




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2. Enterprise Architecture                                    a. Fulfilling human capital needs by conducting
   Designing a modular, open, and scalable technology              recruitment of ODP IT or experienced hired.
   stack to support business and product digitalization       b. Conducting training IT to enhance their capability.
   strategies.                                                c. Performing reviews on IT policies
3. IT Operating Model                                      4. IT Transformation Roadmap
   The Company improves the multi-speed technology            It is an integrated roadmap to human resources,
   operation model and strategic sourcing approach            processes, and technology to fulfill business needs.
   to support digitalization in the future. In 2024, the      The Company has illustrated the IT Transformation
   Company owned IT Maturity Level value of 3.50              Roadmap according to 6 (six) technology themes
   as measured using COBIT 2019. This reflects that           that are used to achieve its visions. In 2024, the
   information technology operational processes have          Company developed an agile based system (i.e.
   been well-defined and managed. The company has             digital channel).
   also made improvements to the IT Operating Model
   to support the Company’s business strategy in 2023,
   including:




The preparation of RSTI 2021-2025 is supported by 4 main pillars




                                            BTN Vision and Mission

                           Enabled by..                                                              KEY SOLUTION COMPONENTS

                                                                                               I    Business Aligned IT Strategy
                          RSTI 2021 -2025
                                                                                                    Aligning business needs so that the
                                                                                                    preparation of RSTI can support the
                                                                                                    achievement of BTN’s vision as the Best
                               BUSINESS                                                             Mortgage Bank in Southeast Asia in 2025
                      1        ALIGNED IT
                                                           Industry Trends & Best Practices




                               STRATEGY

                                                                                               II   Enterprise Architecture
  Technology Trends




                                                                                                    Designing a modular, open and scalable
                                                                                                    technology stack to help enable business
                                                                                                    and product digitalization strategies.
                               ENTERPRISE
                      2        ARCHITECTURE


                                                                                              III   IT Operating Model

                                                                                                    Enhance multi-speed technology
                                                                                                    operating models and strategic sourcing
                               IT OPERATING
                      3        MODEL
                                                                                                    approaches to help support future
                                                                                                    digitalization




                                                                                              IV    IT Transformation Roadmap
                               IT
                                                                                                    An integrated roadmap with people, processes
                      4        TRANSFORMATION                                                       and technology to meet business needs.
                               ROADMAP




                                                                                              PT Bank Tabungan Negara (Persero) Tbk            457
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                                            Information
                                            Technoogy




Information
Technology Innovation

The Company is always innovating in information             In the midst of increasingly dynamic global changes,
technology to assist its business. The following            BTN continues to advance its digital transformation in
information technology innovations were implemented         the national banking industry, especially to realize BTN’s
in 2023 among others:                                       vision as the main partner in the financial empowerment
1. Cloud-based Human Capital Information System             of Indonesian families. The Indonesia Industry 4.0
    It is an integrated system for managing Company         Readiness Index (INDI 4.0) is not just an indicator, but
    employee information such as remuneration,              a roadmap in the journey toward becoming a better
    salaries and so on.                                     and more innovative company. In 2021, BTN’s Indonesia
2. Artificial Intelligence                                  Industry 4.0 Readiness Index (INDI 4.0) readiness
    Implementation of Artificial Intelligence to support    assessment achieved an impressive score of 2.73,
    more effective and efficient operational process        at Level 3. This achievement reflects the Company’s
    through Data Science Platform, Chatbot Hello            commitment to becoming a mature company in
    Operations by BTN, Robotic Process Automation,          adopting Industry 4.0 principles.
    Chatbot TARA BTN BEST and Cyber Threat Intelligence.
3. Super Apps balé by BTN                                   BTN’s transformation is contained in the Company’s
    It is a super application developed by the Company      Long Term Plan (RJPP) which aligns with the pillars of
    as a transformation from BTN Mobile application.        Indonesia Industry 4.0 Readiness Index (INDI 4.0) to
    This application is created to easier for society to    become a strong foundation in every strategic step of
    make financial transactions, including finance and      the Company as follows:
    banking services. balé by BTN application prioritizes   1. Management and Organization
    practical transaction and financial management,             In an era of continuous digital disruption, BTN shows
    provides convenience for customers in making                a strong commitment to adapt and develop through
    daily financial transactions. Through this service,         structured digital transformation. As part of its efforts
    customer can make business transactions, control            to achieve full readiness to face the challenges of
    cash flow, and manage their financial effectively and       Indonesia Industry 4.0 Readiness Index (INDI 4.0),
    efficiently.                                                BTN has also undertaken fundamental changes
4. BTN Digital Store                                            in organization, work culture and human resource
    It is the Company’s branding for Branch Offices,            development. Some strategic initiatives that have
    Sub-Branch Offices or other places with the digital         been implemented include:
    experience that aims to improve sales and service           • Establishing a Digital Business Directorate at SEVP
    capacity oriented to customer satisfaction. The only            level in 2024 to increase the Company’s digital
    features in BTN Digital Store are: customer service             capabilities holistically, both in terms of product
    digital, augmented reality experience and video                 development, partnerships and sales.
    banking for various banking solution and beyond             • Strengthening digital transaction support is
    banking services, accelerating the account opening              reflected through the establishment of the Digital
    process, Artificial Intelligence technology usage,              Operations Division to ensure the Company’s
    Digital Form, The Living City, and so on.                       services and operations are delivered well.
5. BTN Laku                                                     • Strengthening IT, Digital and Operation Risk to
    It is an application developed to facilitate SME &              mitigate potential risks in cyber security and
    CP Sales in data management and verification &                  digital areas.
    OTS to support SLA achievement and optimization             • Organizing the BTN Innovation Award as part
    productivity of KUR and KUMK products. BTN Laku is              of the BTN Excellence Award to encourage the
    developed gradually to the amount of KUR and KUMK               creation of new company innovations.
    up to IDR500 million.                                       • The Company has prepared an Information
                                                                    Technology Strategy Plan (RSTI) as an Information
                                                                    Technology (IT) development strategy roadmap
                                                                    to support the Company’s vision in alignment
                                                                    with INDI and RJPP.




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2. People and Culture                                      4. Technology
   Transformation is not only about technology, but           Technological innovation is one of The Company’s
   also about people. Digital culture is aligned with         top priorities, from the use of Artificial Intelligence,
   the core values ​​AKHLAK (Trustworthy, Competent,          Data Science Platform, to Chatbot Hello Operations
   Harmonious, Loyal, Adaptive and Collaborative).            by BTN and Robotic Process Automation. These
   The company is also committed to continuously              advancements ensure more effective, efficient
   developing digital talent through various training         and secure customer services and operations. This
   programs, workshops and certifications. In addition,       digital advantage is strengthened by Cyber ​​Threat
   the company will also focus on fulfilling critical         Intelligence to maintain system integrity in the
   talent in the technology area, especially for the          company’s system.
   main functions supporting the Company’s digital         5. Company’s Operation
   transformation.                                            The company continues to transform ensuring
3. Products and Services                                      its operations become leaner and more efficient.
   The evolution of BTN Mobile into balé by BTN               One of the systems launched is the End-to-End
   is a concrete manifestation of the Company’s               (E2E) e-Procurement System which serves as an
   commitment to providing holistic solutions for             integrated procurement solution. Every process,
   customers. More than just a financial application,         from planning to payment, is managed efficiently,
   balé by BTN is a super app that embraces daily needs       creating a sustainable value chain and supporting
   and modern lifestyles, creates one-stop services           transparent and accountable governance.
   that are intuitive and responsive and integrates with
   mortgage services as the Company’s core business.




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Information Technology
Infrastructure

The Company has taken proactive action in facing rapid banking industry dynamic to strengthen Information
Technology (IT) as a part of the main strategic of the Company. This improvement is carried out continuously through
system modernization, current digital technology implementation, and data improvement. This strategic step was taken
to improve company operational stability and capability in providing reliable, fast and innovative service based on the
public’s needs in the digital era.


During 2024, the Company had several focuses to become a trusted partner in providing the best Information
Technology (IT) services and operation excellence for fostering business goal achievement. To elevate those focuses,
the Company carries out continuous improvement in Information Technology (IT) infrastructure through various
strategic initiatives, including:


1. Enhanced the Resilience of IT System                       4. Upgraded The Core Banking System Performance
   The Company has strengthened Information                      The Company has improved its main system
   Technology (IT) system resilience through the                 capacity to settle reliability and availability in
   arrangement of strategic steps in optimizing Data             supporting customer transactions. This aims to
   Centers and improving Information Technology                  ensure that the system can handle bigger numbers
   (IT) disaster recovery. By Data Center optimization,          of transaction with optimal and stabile performance.
   the Company improves flexibility and system                5. Expanded The Integrated Monitoring
   performance, operational efficiency, and accelerates          The Company has expanded monitoring through
   an Information Technology (IT) Service Management             increased Integrated Monitoring Room Menara 2
   process. Meanwhile, the improvement of IT disaster            BTN. Thus expansion is a strategy to support network
   recovery has been done through the development                development and solve Information Technology (IT)
   of more speed and effective recovery mechanism, to            system complexity. In the other hand, monitoring
   ensure the Company’s operational continuity when              expansion in server, network, and critical application
   technical problems or disaster occur.                         are done in real time that is integrated with automatic
2. Automated the Infrastructure Process and Daily                problem analysis thus follow up of the problems can
   Application Checks                                            be done rapidly and appropriately.
   The Company has arranged Information Technology            6. Established the IT Outlet Infrastructure Index
   (IT) infrastructure automation implementation plan            To assess the success of Information Technology
   and application with Artificial Intelligence enterprise       (IT) standardization across all domains, including
   technology adoption. Thus automation is arranged              network, infrastructure, and security standardizations,
   to support real-time operational activities and               the Company has implemented a score/index
   reduce system complexity. With thus automation, the           system. This indexing process involves the evaluation
   Company identifies and resolves system anomalies              various parameters such as standard compliance,
   earlier, thus preventing bigger impact for business           performance specification, compatibility with
   operational. Moreover, this initiative also supports          system and update status. Those effort are done to
   both IT resources allocation and increase reliability         keep stabilize Information Technology (IT) system
   and service quality for customers.                            and the usage can be monitored thus the customer
3. Advanced the Infrastructure and Network                       get the same experience in each outlet.
   The Company continuously enhances infrastructure
   and network through system improvement High                Through various achievements in 2024, the Company
   Availability (HA) in the main network and application      keeps strengthening the stage in realizing a banking
   to determine service availability. Moreover,               ecosystem based on technology. The Company believes
   infrastructure and network development in Menara 2         that reliable information technology infrastructure
   BTN was carried out to support business needs in the       is the key to provide the best service, improve value
   Branch Office, Regional Office, Division, and Digital      added for stakeholders, and support sustainable digital
   Store. On the other hand, increasing infrastructure        transformation.
   capacity through technology Hyper-converged
   (HCI) strengthen system performance.




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Information Technology
Governance

The Company has governance and technology that keeps up with current developments to help optimize business
operational processes. Apart from that, the Company also has information technology infrastructure, information
technology security and adequate resources. According to the IT Maturity Level assessment which was carried out,
the result shows that the assessment of 24 priority control has reached the minimum capability of Level 3 (Defined) as
required by the Ministry of State-owned Enterprises with the following details:



     No.                                      Control                                      Assessment Results

      1.   EDM01 - Ensured Governance Framework Setting and Maintenance                              4.00

     2.    EDM02 – Ensured Benefit Delivery                                                          3.00

     3.    APO01 – Managed I&T Management Framework                                                  4.00

     4.    APO02 – Managed Strategy                                                                  4.00

     5.    APO03 – Managed Enterprise Architecture                                                   3.00

     6.    APO05 – Managed Portfolio                                                                 3.00

     7.    APO06 – Managed Budget and Costs                                                          3.00

     8.    APO09 – Managed Service Agreements                                                        4.00

     9.    APO10 – Managed Vendors                                                                   4.00

     10.   APO12 – Managed Risk                                                                      4.00

     11.   APO13 – Managed Security                                                                  4.00

     12.   APO14 – Managed Data                                                                      4.00

     13.   BAI02 – Managed Requirements Definition                                                   3.00

     14.   BAI03 – Managed Solution Identification and Build                                         3.00

     15.   BAI04 – Managed Availability and Capacity                                                 4.00

     16.   BAI06 – Managed IT Changes                                                                3.00

     17.   BAI07 – Managed IT Changes Acceptance and Transitioning                                   3.00

     18.   BAI09 – Managed Assets                                                                    3.00

     19.   BAI011 – Managed Projects                                                                 4.00

     20.   DSS01 – Managed Operations                                                                3.00

     21.   DSS02 – Managed Service Request and Incident                                              4.00

     22.   DSS04 – Managed Continuity                                                                4.00

     23.   DSS05 – Managed Security Services                                                         4.00

     24.   MEA01 – Managed Performance and Conformance Monitoring                                    4.00



Besides IT Maturity Level assessment, the Company also updates information technology governance, as follows:


1.   General Policy Number KU.5 dated December 27,             2. Specific Policy Number KK.5-A dated 27 June
     2024 concerning General Policy for Information               2023 concerning Specific Policy for Information
     Technology (IT), Data Management and Digital.                Technology (IT) Procedure.




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3. Specific Policy Number KK.5-B concerning Specific               every month and socialization both online and
    Policy for IT Security.                                        offline. Education to customers about information
4. Specific Policy Number KK.5-D concerning Specific               security becomes a priority and important so
    Policy for IT Standardization.                                 that the customers can make transactions safely
5. Specific Policy Number KK.8-C concerning Specific               and be more aware of cybercrime to protect
    Policy Business Continuity Management.                         and secure their personal information. Education
6. Specific Policy Number KK.8-E concerning Specific               to the third party working with The Company is
    Policy for Implementing Information Technology (IT),           conducted regularly so the third party keeps
    Digital, and Cyber Risk Management Procedure.                  information security of their company and The
7. Specific Policy Number KK.9-D concerning Specific               Company data managed by them. Socialization
    Policy Director Committee Governance Procedure.                to both customers and third parties working with
8. Specific Policy Number KK.5-2 concerning Specific               BTN is conducted through media e-channel
    Policy for Placement of Electronic System.                     BTN, social media The Company (Instagram, X,
9. Technical Instruction Number PT.5-A.1 concerning                Facebook, etc.) and various offline/marketing
    Technical Instructions for SOP.                                events carried out by the Company. The Company
10. Technical Instruction Number PT.8-E.1 concerning               improved the professionalism and competence
    Technical Instructions for Implementing Information            of employees as customer partners with various
    Technology (IT), Digital, and Cyber Risk Management.           cyber security training and certifications.
11. Technical Instruction Number PT.5-B.2 concerning          b. Competency Development
    Technical Instructions for Information Technology              Company has conducted IT Security certification
    Security Baseline.                                             and training during 2024 both for sharpening
12. Technical Instruction Number PT.5-B.1 concerning               soft skills and hard skills, for example Certified in
    Technical Instructions for Information Security                Risk and Information Systems Control (CRISC),
    Management System (SMKI).                                      Comp Tia Security+, Security Tools in DevSecOps
13. Technical Instruction Number PT.5-D.1 concerning               Toolchain, Coaching & Strategic Business Leaders
    Technical Instructions for Implementing Information            for Department Head, Business Performance
    Technology (IT) Standardization.                               through Effective Coaching for Leaders, BUMN
14. Technical Instruction Number PT.8-C.1 concerning               School of Excellence (BSE) – CTO Masterclass
    Technical Instructions for Business Impact Analysis.           in 2024, Leadership Development: Performance
15. Technical Instruction Number PT.8-C.1 concerning               Management         Strategies,    Problem   Solving
    Technical Instructions for Business Continuity Plan.           & Decision Making, Performance Excellence
16. Technical Instruction Number PT.8-C.3 concerning               Program: Strategies for Driving High Performance,
    Technical Instructions for Disaster Recovery Plan.             Training and Certification in the field of Banking
                                                                   Risk Management, Training on Certified Chief
                                                                   Information Security Officer (CCISO), ISMS Lead
IT Security                                                        Auditor/Lead Implementer ISO 27001:2022 dan
                                                                   Microsoft 365 Administrator. Moreover, the
Information Technology Security                                    Bank also conducted forums and workshops,
                                                                   for instance, BSSN National Cyber Exercise
Since 2022, the Company has information technology                 2024, Cyber Security Management Workshop,
security task force under the Director of Information              CISO Forum, External Nasional Cyber Exercise,
Technology, led by a Chief Information Security Officer            Artificial intelligence Technology Workshop,
(CISO). In maintaining information technology security,            Implementation of Stamp Duty Regulations
the Company divided 3 (three) main pillars, namely:                Workshop, and Project Artificial intelligence
1. People                                                          Knowledge-Based.
    Strengthening information security from the people     2. Process
    aspect includes activities including:                     To implement good governance in accordance
    a. Security Awareness                                     with industry standards, the work process at BTN
        Company conducted education in the form               is based on the latest provisions/SOPs which are
        of security awareness on a regular basis to all       socialized and implemented consistently by all
        employees, customers and third parties working        Bank stakeholders. In line with these standard work
        with BTN. Various media were used to convey           processes, BTN has implemented the following
        security awareness such as email, bulletin,           initiatives, including:
        wallpaper desktop on employees’ work devices




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a. Establishment of a Computer Security Incident             e. In supporting government and regulatory
   Response Team (CSIRT) which collaborated with                 program related to eradication of online
   regulators and was also supported by the latest               gambling activities and buying and selling
   technology and monitoring systems in the form                 accounts in the name of Company. The Company
   of Security Incident and Event Management                     has conducted cyber patrol using tools Cyber
   (SIEM).                                                       Threat Intelligence (CTI) owned by the Company.
b. Process of cyber security assessment on a              3. Technology
   regular basis for network, system and data                During 2024, the Company continuously improves
   safety in accordance with regulatory provisions,          Information Technology (IT) security capabilities
   including:                                                and optimization on defense capabilities adopting
   • A cyber security assessment based on                    defense-in-depth consist of several layer security,
       vulnerability analysis, for example conducted         for example: endpoint security, application security,
       vulnerability assessment and penetration              network security, IT infra security, and data security.
       test to new application, development and              a. Implementation of Network Access Control
       regular application based on application                  Technology
       critical level which conducted by external                To manage, verify and monitor devices access to
       independent parties that certified for                    network based on security policy, to protect data
       international tester penetration standard and             from unauthorized access and potential threats.
       listed in Association for Indonesia Payment           b. Improvement of Endpoint Protection Technology
       System (ASPI).                                            for Server
   • Cyber security assessment is based                          To identify, prevent and response threats to
       on scenarios through tabletop exercise                    devices connected to network, such as malware,
       activities, social engineering exercises                  ransom ware, and other dangerous activities,
       with phishing techniques on email, and                    to protect data from leakage, damage or theft
       an Adversarial Attack Simulation Exercise                 through real-time detection and protection.
       (AASE). Table-Top Exercise conducted by               c. Improvement Network Time Protocol
       Computer Security Incident Response Team                  Play a role in ensuring synchronization accurate
       (CSIRT) team consists of several work units               time across IT system, supporting the right
       that have carried out attack testing based on             timestamp recording for audit log, prevent data
       the scenario on a regular basis which aims to             manipulation, and support system security by
       review for attack scenario playbook, response             ensuring time consistency in security protocol
       and recovery with topic:                                  such as encryption and authentication.
       - Data Breach Guidelines                              d. Improvement Data Loss Prevention Technology
       - Snapshot Server DFIR                                    To protect customer data, the Company has
       - Chain of Custody                                        implemented DLP technology to mitigate leakage
       - Forti-VPN-User Geography Change                         of customer and company data.
            (Velocity)                                       e. Improvement Cyber Threat Intelligence and
       - Server Forensic                                         Digital Right Protection Technology
       - Insider Threat                                          To ensure the visibility BTN Information
       - Social Engineering                                      Technology security is well monitored, the
       - Insiden Data Breach                                     Company has implemented Cyber Threat
       - Ransomware                                              Intelligence technology that actively monitoring
       - Insiden Operasional/Management                          behavior and activities of cybercrime so that BTN
       - Web Application Attack                                  can anticipate the threats occur. Cyber Threat
c. During the second quarter in 2024, the Company                Intelligence technology has been completed
   has conducted Cyber Security Maturity Re-                     with Digital Right Protection that can takedown
   assessment by National Cyber and Crypto                       contents which threaten reputation and harmful
   Agency (BSSN) that aims to measure Information                for company’s customer.
   Technology (IT) security maturity level, obtained         f. Improvement Mobile Application Security
   maturity level of 5 (optimum implementation)                  To protect mobile application used by the
   that is very good implementation and                          customer, Company has implemented application
   implemented thoroughly.                                       development process using security by design.
d. The Company has conducted Audit Surveillance                  Strengthen access device used by the customers
   ISO 27001:2013 in the second quarter and                      also becomes priority by implementing Mobil
   transition to ISO 27001:2022 in the third quarter in          Application Security.
   2024 thus currently the Company has certified
   with security standard ISO 270001:2022.



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 g. Improvement DNS Security and IP Address                 n. Improvement Database Security
    Management                                                 The increase in digital transactions comes
    As a mitigation to protect internal IT system that         with consequences of higher data access to
    access Information Technology (IT) resources on            databases so specific security solution is needed
    the internet if domain from non-secure websites.           to limit and prevent cyber-attack that exploited
    Optimization from DNS Security capability                  database.
    will be effective if combined by IP address             o. Improvement        Microsoft   Technology-based
    management so that the endpoints that access               Information Technology (IT) System Management
    these Information Technology (IT) resources can            and Security
    be traced.                                                 The massive usage of Microsoft technology
 h. Improvement in Internet Access Control and                 in the Company operation such as Windows
    Proxy Outbound                                             operation system, active directory, database
    In order to divide and identify data                       MSSQL, Microsoft Office productivity application
    communication to internet between business                 and Office 365 cloud-based services creates
    transactional communication and back office                potential risk if the operation is not carried out
    productivity communication so improvement                  in accordance with best practices from the
    internet access control through separated                  principal. Cooperation service professionals with
    initiatives internet access and implementation             Microsoft allow the Company to implement the
    proxy outbound are conducted.                              latest security, operational support, and access
 i. Improvement Email Security                                 the latest technology from principal.
    Protect devices and email systems from email-
    based cyber-attack threats such as spam,             Evaluation and Measurement Cyber
    phishing and attachments containing malicious        Resilience and Security
    files.
 j. improvement availability and resilience of           The Company conducted measurement and evaluation
    transactional infrastructure by implementing         of resilience and security control to optimize the
    active security infrastructure                       information security process, including:
    Protect transactional services of BTN.               1. Obtained ISO 27001:2022
 k. Improvement API Security                                 To ensure that the human resources, governance and
    Larger open banking gives consequences in                technology used were in accordance with industry
    increasing of API based cyber-attack exploitation,       standards (International Standards Organization),
    so the specific security implementation to               The Company carried out a certification process and
    detect and prevent API based attack that is very         obtained accreditation No. IS 790715.
    essential to be conducted.                           2. Achievement of Cyber Security Maturity
 l. Improvement Internet Banking Business Security           The Company together with the National Cyber and
    In supporting business finance services to MSMEs,        Crypto Agency (BSSN) carried out a Cyber Security
    BTN established Internet Banking Business web-           Maturity assessment which aimed to measure
    based services, so protection of web-based               the level of implementation and maturity of the
    applications improving access performance                assessment carried out by BSSN, BTN received a
    website Internet Banking Business through                score of 5 (Optimal Implementation) which means
    content delivery network becomes essential to            implementation of cyber security has been well-
    be implemented.                                          organized and conducted automatically, formally,
 m. Improvement of Application Security through              repeatedly and consistently, reviewed regularly,
    Manage Service Digital Application Protection            and improvement implementation conducted
    Improving digital transactions through mobile            continuously.
    banking services and mobile-based applications
    needs comprehensive security that is not only
    from technology but also supports controlling
    and follow-up from operational.




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3. Implementation of IT Security Index                            •   A number of security events or anomalies
   One of the strategies to encourage a Security Culture              derived from the laptop/desktop of employees in
   for all employees in entire work units, the Company                the work unit.
   to build an IT Security index to monitor the affectivity       •   A number of trials on sensitive data transmission
   of security awareness programs that conducted                      were detected by Data Loss Prevention.
   to mitigate cyber security and information risk.               •   Number and Types of Employees’ Response to Email
   Parameter, score, and indicator measured including:                Phishing Simulation (open/clicked/submit data).
   • Percentage of up-to-date endpoint security                   •   The accuracy of employees in work units in
       installation (antivirus, DLP) on laptop/desktop                answering questionnaires related to information
       (endpoint).                                                    security.




The Programs of the IT Security Awareness

BTN implemented the IT Security Awareness Program which aims to increase awareness and understanding of all
employees to maintain information security in the form of personal and Company data or information. Activities that
have been held for 2024 are as follows:
1. Delivery by Top Management                               2. Sosialization through Digital Platform Company’s
   One of strategies in pushing the creation of                a. Official Website Company’s
   security culture for all employees in all units of          b. Podcast
   the BTN Company, The IT Security Index program              c. Learning Management System
   has been implemented, which aims to monitor                 d. Email Blast Security Awareness
   the effectiveness of security awareness programs            e. Wallpaper Desktop Security Awareness
   that have been carried out in order to mitigate             f. Screen Saver Security Awareness
   risks related to cyber and information security. The        g. Bulletin Security Awareness
   program delivered periodically every months by              h. Survey Pemahaman Security Awareness
   Top Management to the Employee by emphasizing            3. Training and Workshop
   that maintaining information security is a very             The Company/The Bank has conducted security
   important part for maintaining customer trust and           awareness activity, both onsite or online, for all
   BTN reputation.                                             Employees.



Furthermore, the company also actively carried out the socialization for maintaining information security to the
customers and third party partners through workshop and training either onsite or online, the company’s official social
media, email blast security awareness, and delivered electronic on the transaction of alertness information in financial
inclusion activities.




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Information Security Framework                                   f.  Restrict and manage network access connected
                                                                     to the Company’s network and secure
In line with meeting the regulator’s priority controls,              unauthorized devices using Network Access
the Company will strive to enhance cyber security and                Control.
manage cyber risk more effectively by implementing the        3. Detect
National Institute of Standards and Technology (NIST)            Real-time monitoring and detection of security
framework through identify, protect, detect, response            threats or incidents, including:
and recovery.                                                    a. 24/7 monitoring and analysis with Security
1. Identify                                                          Information and Event Management and Cyber​​
    Identifying potential information security threats               Threat Intelligence tools to detect potential
    and managing risks to assets effectively and                     cyber attacks, user activity, network traffic and
    comprehensively, through:                                        monitoring device logs and other Information
    a. The implementation of mechanisms and                          Technology (IT) activities which are related to
        management of modern inventory tools to                      cyber security.
        support detection and continuously update all            b. The Cyber Threat Intelligence tools is also
        hardware and software assets owned by the                    optimized as a cyber patrol to detect violations
        Company.                                                     of the Company’s brand reputation, taking down
    b. The establishment and maintenance of data                     social media that does not have permission to
        management processes, reviewed at least once                 use the Company’s identity, online gambling
        in a year to ensure the data index is up-to-date             content and online loans that use the Company’s
        for business needs.                                          identity.
    c. Security testing based on vulnerability analysis,         c. Monitoring information security compliance
        which are vulnerability assessment and                       from partners or vendors providing collaboration
        penetration testing, are conducted regularly to              through Third Party Security Monitoring.
        identify potential threats and ensure that security   4. Respond
        findings are addressed in accordance with the            Respond to incidents and manage risks quickly
        test results recommendation.                             and effectively to minimize impacts and resolve
2. Protect                                                       problems, through:
    Securing information assets and strengthening                a. Do containment or blocking at endpoints that are
    perimeter security to reduce identified risks,                   indicated to be the source of cyber attacks.
    including:                                                   b. Blocking data communications or traffic
    a. Establish strict access rights management                     originating from the network carrying out the
        through the Application Logic Access Control                 cyber attack.
        System (SKALA) for transactional applications,           c. Scenario-based security testing includes email
        implementing least privileged access using                   phishing simulations and red teaming which
        Privileged Access Management tools, and                      are done regularly to measure the readiness of
        applying      Multi-Factor   Authentication     for          Employees and IT personnel to face emerging
        centralized authentication and authorization,                cyber attacks.
        namely Active Directory.                                 d. Computer Security Incident Response Team
    b. Implementation of encryption and the use of                   (CSIRT) establishment which is responsible for
        Data Loss Prevention to protect sensitive data,              handling cyber incidents and maintaining the
        such as Personally Identifiable Information and              procedures for resolving incidents quickly and
        Payment Card Industry .                                      efficiently.
    c. Implementation         of    network     protection       e. In-depth      investigations    through     forensic
        technologies, such as Next-Gen Firewall, Web                 activities to obtain the main cause or core of
        Application Firewall, Cloud Anti DDoS, and                   cyber attacks.
        endpoint protection including anti-malware and        5. Recovery
        Endpoint Detection and Response technology to            The recovery process from the impact of incidents
        protect networks and devices.                            that occur, both in terms of operations and reputation
    d. Implementation of Email Security Gateway to               by returning system, application and infrastructure
        protect devices and email systems from email-            functions to normal conditions after an incident
        based cyber threats, such as, spam, phishing             occurs, through:
        and malicious file attachment.                           a. Determination of policies and procedures for
    e. Conduct security awareness programs regularly                 assessing, determining the level of incidents as
        through various internal media to enhance                    well as steps for resolving security incidents, and
        security awareness among all Employees.                      ensuring the handling of incidents quickly and in
                                                                     accordance with the impact they cause.



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   b. Establishing and maintaining a data recovery             The Implementation of Information
      process using an online and offline backup               Technology Audit
      system to ensure the data remains protected
      and can be recovered if a disruption occurs,             The Evaluation Result on the
      which is part of the Business Continuity Plan and        Implementation of the Information
      Disaster Recovery Plan.                                  Technology Strategy Plan
   c. Backup and restore recovery test to ensure
      that the backup system functions properly and            In accordance with the Regulation of the Minister of
      the data can be recovered effectively in an              State-Owned Enterprises of the Republic of Indonesia
      emergency situation.                                     Number PER-2/MBU/03/2023 concerning Guidelines
   d. Playbook establishment for dealing with cyber            for Governance and Significant Corporate Activities of
      incidents, which works as a guide and lesson for         State-Owned Enterprises Article 210 Paragraph 1 point a,
      dealing with similar incidents in the future.            namely that the Company has an obligation to convey
   e. Table-top exercises for dealing with potential           information from evaluation result in the Information
      incidents and testing readiness in responding to         Technology Strategy Plan (RSTI) 2021-2025 which has
      security incidents that may occur.                       been Annual Report (AR). In this matter, the Company
   f. Reporting to regulators and stakeholders.                has carried out in evaluation of the Information
      Media statements preparation and publication             Technology Strategy Plan (RSTI) 2021-2025 for the 2024
      of incidents.                                            position by the IT Initiative Scope. Evaluation process of
                                                               the Information Technology Strategy Plan (RSTI) 2021-
                                                               2025 for the 2024 position, according to the Information
Information Technology                                         Technology Strategy Plan (RSTI) document 2021-2025.
Infrastructure Strategy (IT)                                   The progress status for 2024 position is 100%.


IT development related to security has been outlined           Evaluation Results on the Effectiveness
in the Information Technology Strategy Plan (RSTI)             of Information Technology
2021-2025 which has the theme Security by design to            Implementation (IT)
improve the security of the Company’s system and
applications, including the implementation of identity &       In accordance with the Regulation of Minister of
Access Management, Security & Networking Monitoring            State-Owned Enterprises of the Republic of Indonesia
& Compliance and Integrated Patch Management.                  Number PER-2/MBU/03/2023 concerning Guidelines
In line with this initiative, activities carried out include   for Governance and Significant Corporate Activities of
Fulfillment of the PDP Constitution No. 27 of 2022,            State-Owned Enterprises Article 210 Paragraph 1 point c,
Availability Security Infrastructure and technology            Banks have an obligation to convey information on the
rejuvenation, Compliance Regulator Compliance, Data            result of the effectiveness of IT implementation. Become
and User Access Governance as well as mitigation of            part of the Annual Report. In this case, the bank has
fraud and transaction abuse (Money Laundering and              carried out measurements in the form of a IT Maturity
Gambling Activities).                                          Level assessment for the 2023 position using the COBIT
                                                               2019 standard and obtained an IT Maturity Level value
                                                               for the 2024 position is 3,50.
Disaster Recovery
                                                               The position until IV quarter in 2024, Company has
The bank had policies and procedures used for                  successed to increase the score IT Maturity Level based
management in the event of a disaster which are stated         on COBIT 2019 from 3,48 to 3,50 which comes from
in the Bank’s internal policies and procedures regarding       the 7 domains namely: EDM01-Ensured Governance
the Implementation of the Disaster Recovery Plan. Apart        Framework Setting & Maintenance, EDM04-Ensured
from that, the BTN also has an Organizational Structure        Resource Optimization, EDM05-Ensured Stakeholder
for the Implementation of the Disaster Recovery Plan, the      Engagement,      APO01-Managed        IT   Management
Authority of the Disaster Recovery Plan Organization, the      Framework, APO09-Managed Service Agreement,
Disaster Recovery Plan Process Flow, Categorization of         BAI08-Managed Knowledge dan BAI10-Managed
Information Technology (IT) System Recovery Criticality,       Configuration. The IT Maturity value of these domains is
Backup Frequency and Retention, List of Disaster Work          already at Level 3 (Defined).
Teams Recovery Plan, Important Telephone List and
Services Provider Contact List.




                                                                         PT Bank Tabungan Negara (Persero) Tbk     467
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                                            Information
                                            Technoogy




Annual Company Performance                                  C. Development of Integrated Customer Service -
(According to KBUMN Technical                                  DOE009
Guidelines No. SK-190/MBU/07/2024)                             1) This program is a development initiative
                                                                   regarding to the customer complain
1.   Realization of IT Implementation Program                      management channel that has not been
     A. Implementation Integrated Digital Lending                  integrated through the automation of the
        System - HEE002                                            customer complain handling escalation
        1) This program is an initiative to develop a              process with Robotic Process Automation
            Lending System which integrated into internal          and the provision of features equipped with
            or external systems (partners), and has a              the latest 3600 customer data.
            fast Lending process through the BTN LAKU          2) Position up to TW IV in 2024,development
            ( development carried out by focusing on               progress in Integrated Customer Service is
            KUR products) and Decision Engine (scale up            100%.
            process initial data entry, pre-screening dan      3) Position up to TW IV in 2024, budgeting
            data entry).                                           realization    progress     in    development
        2) Position up to TW IV in 2024, progress                  Integrated Customer Service is 61% (from all
            Implementasi Integrated Digital Lending                budgeting investment until finish) or in the
            System is 100%.                                        amount of 100% (from budgeting investment
        3) Position up to TW IV in 2024, estimated                 in 2024).
            realization progress in implementation             4) Effective Evaluation of Information Technology
            Integrated Digital Lending System is 100%              (IT) Implemantion include:
            (from all budgeting investment until finish)           • Impact catagory: Process Improvement
            or in the amount of 100% (from investment              • Effective Evaluation:
            budgeting in 2024)                                         - Process efficiency reached 99% after
        4) Effective evaluation of information technology                  the implementation of credit auto SPK.
            implementation includes::                                  - Proceses efficiency reached 75%
            • Impact Category: Process Improvement                         after implemented Robotic Process
            • Effective Evaluation: efficiency process up                  Automation Project.
                to 60% after implemented of Integrated      D. E2E e-Procurement Implementation - DOE015
                Digital Lending System.                        1) This program is an initiative about developing
     B. Modernization of Digital Channels - DOE001                 system which is used for assisting the demand
        1) This program is an initiative to develop                process, online ordering and purchasing of
            Modernization of Digital Channels such                 goods and services.
            us: Mobile Banking, Internet Banking Ritel,        2) Position up to TW IV in 2024, the process of E2E
            Internet Banking Business, transaksion of              e-Procurement Implementation is 100%.
            merchant EDC & QRIS, Mortgage Ecosystem            3) Position up to TW IV in 2024, budgeting
            & Automated Teller Machine (ATM) to comply             realization progress in E2E e-Procurement
            with business needs and current market                 Implementation is 53% (from all budgeting
            trends that can provide a better customer              investment until finish) or in amount to 100%
            service.                                               (ftom budgeting investment in 2024).
        2) Position up to TW IV in 2024, modernization         4) Effective Evaluation of Information Technology
            progress in Digital Channel is 100%.                   (IT) implementation include:
            Achievement of Fee Based Income is Digital             • Impact category: System Improvement
            Banking Channel Service reached IDR188,29              • Effective Evaluation: the System E2E
            M or increase of 27% YoY from last year                    e-procurement is implemented for
            achievement of IDR148.07 M.                                changing the previous system that has
        3) Position up to TW IV in 2024, budgeting                     not been fully integrated as a whole. The
            realization progress in Modernization Digital              System implemented in accordance with
            Chennel is 71% (from all budgeting investment              the good governance and transparance.
            until finish) or in the amount of 100% (from               The     implementation      of   the    E2E
            investment budgeting in 2024).                             e-procurement system is carried out in
        4) Effective Evaluation of IT implementation                   all aspects of procurement such as the
            includes:                                                  planning process, supplier management
            • Impact category: Business                                process, bidding process, inventory
            • Effective evaluation: IDR. 188,29.                       process to the payment process.




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                                                                                             2024
                                                                                     Annual Report




E. Implementation of Enterprise Risk Management             4) Effective Evaluation in Information Technology
   Systems - DOE017                                            (IT) Implementation include:
   1) This program is a system developing which                • Impact Category: System Improvement
       used to manage, indentify, measurement and              • Effective Evaluation: Integrated of Human
       likuidity risk mitigation and operational risk              Resource System through BTNBest System
       in automation Blotter Transaktion Treasury                  development implemented for changing
       Company.                                                    previous system which has not been fully
   2) Position up to TW IV in 2024, the progress                   integrated as a whole. The BTNBest System
       of implementation of Enterprise Risk                        development implemented to all Human
       Management System is 100%.                                  Resources aspects such us employee
   3) Position up to TW IV in 2024, budgetimng                     data management process, training data
       realization progress in Implementasi of                     management process, salary process,
       Enterprise Risk Management System is 100%                   and so on.
       (from all budgeting investment until finish) or   H. Re-organisasi, Internal Capacity Assessment &
       100% from budgeting investment in 2024.              Pemenuhan SDM - MSI006, MSI007, MSI008
   4) Effective Evaluation in Information Technology        1) This program is an initiative about the re-
       (IT) Implementation include:                            organization of the Information Technology
       • Impact Category: Process Improvement                  Directorate, internal capacity assessment,
       • Effective Evaluation: Efficiency process              and the fulfillment of multi-speed Information
            reached 92% after implemented the                  Technology (IT) resource based on the defined
            Enterprise Risk Management System.                 target-state and the completeness of the
F. Implementasi Master Data & Metadata                         fuction and role requirements of the target
   Management - DDE002                                         Information Technology (IT) organization.
   1) This program is a solution initiative for             2) Position up to TW IV in 2024, Re-Organisasi
       management supporting in application                    progress, Internal Capacity Assessment &
       and important information analisys, such                SDM Fulfillment is 100%.
       us customer information, bank aacount,               3) Position up to TW IV in 2024, budgeting
       product, and employee that can help to take             realization progress in Re-Organisasi, Internal
       the decision.                                           Capacity Assessment & Human Resource
   2) Position up to TW IV in 2024, the progress in            Fulfillment is 79% (from all budgeting
       Implementasi of Master Data & Metadata                  investments until finish) or 100% (from
       Management is 100%.                                     budgeting investment in 2024)
   3) Position up to TW IV in 2024, budgeting               4) Effective Evaluation in Information Technology
       realization progress in Implementasi of                 (IT) Implementation include:
       Master Data & Metadata Management is 75%                • Impact Category: Others
       (from all budgeting investment until finish)or          • Effective      Evaluation:implemented      of
       100% from budgeting investment in 2024.                     the organize of Information Technology
   4) Effective Evaluation in Information Technology               Directorate, internal capacity assessment
       (IT) Implementation include:                                and fulfillment multi-speed IT resources
       • Impact Category: System Improvement                       which a good enough reflected in
       • Effective        Evaluation:   Master   Data              increasing the IT Maturity Level value to
            Management tools implemented for the                   3.50 according to the IT Maturity Level
            management of Company’s data so the                    value based on the Cobit 2019.
            integrity of the data is maintained.         I. Service Level Review & IT Service Catalogue
G. Integrated HR System - MSI001                            Update - MSI009, MSI010
   1) This program is an intiative about Human              1) This program is an initiative about the
       Resource System which provide a centralized             determination of respone response time
       storage from the data of employee master                and resolution time for each categories
       and Human Resource Management (SDM) for                 of incident management, service request,
       finishing the Human Resource core progress.             problem management, as well as evaluating
   2) Position up to TW IV in 2024, integrated                 and updating the IT Service Catalogue.
       progress in Human Resource System is 100%.           2) Position up to TW IV in 2024, the progress of
   3) Position up to TW IV in 2024, budgeting                  Service Level Review and IT Service Catalogue
       realization progress in Human Resource                  Update is 100%.
       System integrated is 97% (from all budgeting
       investemnts until finish) or 100% (from
       budgeting investment in 2024).



                                                               PT Bank Tabungan Negara (Persero) Tbk    469
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                                          Information
                                          Technoogy




    3) Position upto TW IV in 2024, budgeting              2. Realization of Shareholder Aspiration Program in
       realization progress for Service Level Review          2024
       and It Service Catalogur Update is 95% (for            a. Implementation of ATM Integration (JALIN
       all bugeting investment until finish) or 100%             Project)
       (from budgeting investment in 2024).                      1) This program is an initiative of BUMN Ministry
    4) Effective Evaluation in Information Technology                in the framework of shared service synergy
       (IT) Implementation include:                                  within the sector BUMN Ministry.
       • Impact Category: Others                                 2) Position up to TW IV in 2024, integrated in ATM
       • Effective Evaluation: implemented of                        (JALIN Project) has been reached in 537 ATM
           the    re-organization     of    Information              machines or 121% from 2024 target.
           Technology Directorate, internal capacity             3) Effective Evaluation in Information Technology
           assessment, and fulfillment multi-speed                   (IT) Implementation include:
           Information Technology (IT) resources                     • Impact Category: Regulatory
           which a good enough reflected in                          • Effective Evaluation: a compherensive
           increasing the Information Technology                         implementation of ATM (JALIN Project)
           (IT) Maturity Level value to 3.50 according                   intergarion has been carried out in line
           to the IT Maturity Level value based on the                   with direction of the BUMN Ministry.
           Cobit 2019.                                        b. The Digital Channel Service Transactions
 J. Oprational Center Data & Infrastructure                      1) This program is the effort to develop a BTN
    Improvement - ERE003                                             transaction customer through BTN Digital
    1) This program is an initiative about the                       Channel Service, such as channel Mobile
       development of IT Oprational Service and                      Banking, Internet Banking Ritel, Internet
       Updating infrastructure devices.                              Banking Business, transaksi merchant EDC
    2) Position up to TW IV in 2024, Data Center                     & QRIS, Mortgage Ecosystem & ATM which
       Oprational     process     and     Infrastructure             aims to encourage an increase in Fee Based
       Improvement is 100%.                                          Income Digital.
    3) Position up to TW IV in 2024, budgeting                   2) Position up to TW IV in 2024, the achievement
       realization process in Data Center Operation                  of Fee Based Income services in digital
       & Infrastructure Improvement is 85% (from                     banking channel reached in IDR188,29 M
       all budgeting investment until finish) or 85%                 or increasing in 27% YoY than last year
       (from budgeting investment in 2024).                          achievement is IDR148,07 M.
    4) Effective Evaluation in Information Technology            3) Effective Evaluation in Information Technology
       (IT) Implementation include:                                  (IT) Implementation include:
       • Impact Category: System Improvement                         • Impact Category: Business
       • Effective Evaluation: implemented of                        • Effective Evaluation: IDR188,29 M.
           firmware server AIX including core                 c. Cyber Security Breach (Zero Incident)
           encryption to 7.4 version and DRC.                    1) For 2024 to 2025, Zero Incident Cyber Security
 K. Security & Network Monitoring Compliance -                       Breach has reached based on PER-2/
    SDE002                                                           MBU/03/2023 concerning for Governance
    1) This program is an initiative about the                       and Significant Corporate Activities of State-
       cyber threat prevention solution in term of                   Owned Enterprises and OJK Circular Letter
       systems, networks, data, and applications                     No. 29/SEOJK.03/2022 concerning Cyber
       in accordqance with regulatory compliance                     Resilience and Security for Commercial
       standards.                                                    Banks. In 2024, BTN has initiated to security
    2) Position up to TW IV in 2024, Security Progress               improvement and cyber resilience which is
       and Network Monitoring Compliance is 100%.                    covering the people, process, and technology.
    3) Position up to TW IV in 2024, budgeting                       In 2025, security improvement and cyber
       realization progress in Security & Network                    resilience in all aspects that will be continued
       Monitoring Compliance is 69% (from all                        to support the service of Company initiative
       budgeting investment untul finish) or 100%                    and business.
       (from budgeting investment in 2024).                      2) Position up to mTW IV in 2024, development
    4) Effective Evaluation in Information Technology                progress in Cyber Security Breach is 100%
       (IT) Implementation include:                                  (there were no cyber incidents that caused
       • Impact Category: Regulatory                                 the KPI do not achieved).
       • Effective Evaluation: has been sertificated
           ISO 27001:2022 (Information Security
           Management System).



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                                                                                                              2024
                                                                                                      Annual Report




         3) Effective Evaluation in Information Technology (IT) Implementation include:
            • Impact Category: Others
            • Effective evaluation: in 2024, BTN has initiated to enhance resilience and Bank cyber security including
                aspek People, Process, and Technology. reached cyber security breach (zero incident) is 100%, it
                can be proved bythe risk level achievement related to the second level of cyber security (the Bank’s
                cyber security maturity condition is generally high) based on the result of the Bank’s cyber security in
                accordance to SEOJK No. 29/SEOJK.03/2022 concerning Cyber Resilience and Security for Commercial
                Banks.


3. Follow-up of Audit Result and/or Information Technology (IT) Assessment

                                                  Assessor/
                                                                                             Status
                                                   Auditor
                                                                   Numbers of                                    % Follow-up
 No.        Assessment/Audit            Year
                                                                    Follow-up                                    Completed
                                                      Internal/
                                                                                        BS     S         T
                                                       External

  1.     Information Technology         2024           External          14             0      14        0            100%
         (IT) Audit

  2.     Assessment of Information Technology (IT) Implementation

         a. COBIT 2019                  2024           External           1             0       1        0            100%
            EDM01 – Ensured
            Governance
            Framework Setting &
            Maintenance

         b. COBIT 2019                  2024           External           1             0       1        0            100%
            EDM04 – Ensured
            Resource Optimization

         c. COBIT 2019                  2024           External           1             0       1        0            100%
            EDM05 - Ensured
            Stakeholder
            Engagement

         d. COBIT 2019                  2024           External           1             0       1        0            100%
            APO01 - Managed
            I&T Management
            Framework

         e. COBIT 2019                  2024           External           1             0       1        0            100%
            APO09 - Managed
            Service Agreements

         f. COBIT 2019                  2024           External           1             0       1        0            100%
            BAI08 – Managed
            Knowledge

         g. COBIT 2019                  2024           External           1             0       1        0            100%
            BAI10 – Managed
            Configuration

 Total                                                                   21                                           100%

Description:
BS = Uncompleted
S = Completed
T = lated



4. Realization of Information technology (IT) Financing Plan (IT Spending Plan)

                                                                                             % Realization related to 2024
       IT Spending                  2024 Plan                Realization of TW IV in 2024
                                                                                                         Plan

 IT CAPEX                         Rp792.758.559.227                 Rp781.684.933.314                        98,6%

 IT OPEX                          Rp583.494.311.924                 Rp474.706.174.787                        81,3%




                                                                                 PT Bank Tabungan Negara (Persero) Tbk       471
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                                              Information
                                              Technoogy




Information Technology
Management Structure

The Information Technology (IT) Implementation Unit consists of the IT Strategic Planning and Development Division, IT
Operation Division and Data Management Division. In addition, the Company has also established an IT Security Division
which has a function in charge of handling cyber security and resilience and is independent of the IT management
function. In general, the authorities and responsibilities of each Division are as follows.


1.   The IT Strategic Planning and Development Division        3. The Data Management and Analytics Division has
     has the authority and responsibility as a Division that      the authority and responsibility as a Division that
     carries out the role of “Change the Bank” as follows:        carries out the role of “Change the Bank” and “Run
     a. Plan, coordinate, evaluate, monitor, and control          the Bank” as follows:
        activities related to the process of formulating          a. Facilitate and coordinate regarding the
        an Information Technology (IT) strategic plan as              establishment and implementation of the
        well as managing the information technology                   roadmap and vision for the delivery and
        portfolio, Information Technology (IT) policies and           management of information; including Data
        application development strategies effectively                Warehouse, Big Data, Business Intelligence &
        and efficiently;                                              Analytics and Data Management to carry out the
     b. Manage the process of developing applications                 Company’s strategy in developing its business;
        to support business operations and monitoring             b. Collaborate with business unit and support
        their implementation to meet the operational                  leaders to implement the agreed data strategy,
        needs of the Company’s business;                              set strategic directions to build an organizational
     c. Anticipate information system risk exposure                   data management program and optimize the
        and develop appropriate and adequate                          way the Company uses data both internally and
        countermeasures;                                              externally;
     d. Support the implementation of information                 c. Collaborate with other Information Technology
        security; and                                                 (IT) Operations Units, Security Work Units and
     e. Prepare and fulfill Information Technology (IT)               external parties, in managing and creating an
        planning and development reports and their                    environment that makes data and information
        fulfillment in collaboration with related units.              accessible with appropriate access control
                                                                      channels, as well as acting as an advisor in
2. The IT Operation Division has the authority and                    the use of data to improve performance, and
   responsibility as a Division that carries out the role of          formulate company strategy overall;
   “Run the Bank” as follows:                                     d. Oversee the application of data analysis and
   a. Develop operational management strategies                       new analytical methodologies that will serve
      and implement and monitor Information                           as a guide for the company’s management
      Technology (IT) operations effectively and                      in   formulating     the    company’s     business
      efficiently to maintain Information Technology                  development strategy; and
      (IT) service levels to support business operations;         e. Oversee the process of gathering and reviewing
   b. Anticipate risk exposure in the implementation                  data from various systems already in use, making
      of Information Technology (IT) operations, as                   recommendations to upgrade outdated systems
      well as develop appropriate and adequate                        and ensuring new data solutions that are timely,
      countermeasures;                                                accurate and of high quality.
   c. Support the implementation of information
      security; And
   d. Compile and fulfill Information Technology (IT)
      operational reports in collaboration with related
      units.




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                                                                                                       2024
                                                                                               Annual Report




4. The IT Security Division has the authority and                    guaranteeing the confidentiality, integrity and
   responsibility as a Division that carries out the role of         availability of information assets by minimizing
   “Secure the Bank” as follows:                                     information security risks;
   a. Design, implement and maintain a series of                  b. Prepare and fulfill reports related to information
      processes and systems that are integrated and                  security in collaboration with related units.
      effective in managing information security and




Information Technology
Work Plan 2025

IT Development in 2025 supported the corporation
plan and aspiration of Director General Policy in              Preparation of Information Technology Strategy Plan
2025 is concerning to credit, quality credit, funding,         2025-2029
office network, fee based income, and overhead                 In last 2024, in accordance to the company long term
burden devision. The 2025 Information Technology               planing (RJPP) 2025 – 2029, the Company has complied
(IT) development plan is broadly in line with the main         and delivered the Information Technology Strategic
initiatives of the 2021-2025 Information Technology            Plan (RSTI) for 2025 -2029 to BUMN Ministry through the
Strategy Plan (RSTI), as follows:                              Letter No. 1745/DIR/ITPD/XII/2024, on December 13, 2024
a. ITF001 - Agile Collaboration Tools Standardization &        concerning to deliver a BTN Information Technology
     DevSecOps Automation                                      Strategic Plan (RSTI) periode 2025-2029 has scoped
b. ITF002 - IT Organization, Capability and Capacity           about the Company IT Tranformation Roadmap in
     Boost                                                     2025 by focusing to core platform modernization
c. ITF003 - IT Governance Forum Enhancement                    and Information Technology (IT) architecture for
d. ITF004 - Syariah Subsidiaries Tech Enablement               supporting the scalability. The Company will do the
     Strategy                                                  process improvement, technology, good governance,
e. ITF006 - IT Performance Monitoring Establishment            and organization for answering the main challenge in
f. INF003 - DRC Migration                                      nformation Technology (IT) Services including bellows:
g. CHL002 - Digital Branch Features Enhancement                a. Optimalization of security tools related to nformation
h. PPP003 - Open Banking Integration and Performance               Technology (IT) security process.
     Monitoring Improvement                                    b. Optimalization of nformation Technology (IT)
i. PMF004      -    Paylater    System   and    Product            operational process related to enhancement
     Implementation                                                project managements tools which concern to agile
j. UUS001 - UUS Tech Capability Enhancement                        development.
k. DAT001 - Establish Data and Artificial Intelligence
     Strategy                                                  In the other hands, 6 domains were adjusted on Enterprise
l. DAT002 - Develop Transaction Monitoring Dashboard           Architecture to provide an overview of the technology
     For War Room                                              and system used by the Company for reaching the
m. DAT004 - Expand Data Management Capabilities                Company’s vision and Business Startegic which has
     and Oversee Data Quality                                  planed, such as domain Digital Platforms, Composable
                                                               Integration, Adoption of Artificial Intelligence, Data
                                                               Foundation, Elastic & Resilience Infrastructure dan Cyber
                                                               Resilient Reinvention.




                                                                         PT Bank Tabungan Negara (Persero) Tbk    473
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CORPORATE
GOVERNANCE




In 2024, BTN showed significant
performance growth in both
operational and financial terms.
BTN’s performance also received
recognition from external parties by
receiving awards on a national and
international scale.




474   PT Bank Tabungan Negara (Persero) Tbk
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PT Bank Tabungan Negara (Persero) Tbk   475
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                                                 Corporate
                                                 Governance




Achievements in the Implementation of
Corporate Governance




BTN has successfully won another prestigious award at the TOP GRC 2024 event. This award is given to
companies that have good performance and have implemented Governance, Risk, & Compliance (GRC) in
managing their business. At TOP GRC 2024, BTN won four awards:
• Top GRC Awards #5 Stars
• Top GRC Awards 2024 #Golden Star Trophy
• The Most Committed GRC Leader 2024 for BTN President Director, Nixon L.P Napitupulu
• The High Performing Board of Commissioners on GRC 2024
In the future, BTN will continue to strive to implement Governance, Risk, & Compliance (GRC) in its business
implementation.


                          1. Top 50 Issuers in the Big
                             Capitalization Public Listed
                             Company Category at
                             the 15th IICD Corporate
                             Governance Conference
                             and Award 2024
                          2. Best Financial Sector
                             Category Big Capitalization
                             Public Listed Company at
                             the 15th IICD Corporate
                             Governance Conference
                             and Award 2024




The Company has established a Business Competition            BTN won the title of Most Trusted Company in the
Compliance Program which has been approved by the             Corporate Governance Perception Index (CGPI) 2024 as
Business Competition Supervisory Commission (KPPU)            a form of implementing good corporate governance.
on December 13, 2024. This program aims to ensure
that all business processes carried out by the Company
are always based on the principles of healthy business
competition.



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                                                                                                    2024
                                                                                            Annual Report




Fundamentals of Implementation of
Corporate Governance

The implementation of GCG within the Company                17. OJK Regulation No. 15/POJK.03/2019 concerning Plans
refers to various relevant provisions, regulations, and         and Organizing General Meetings of Shareholders of
laws as well as GCG guidelines issued by national and           Public Companies.
international institutions. The reference basis for GCG     18. OJK Regulation No. 16/POJK.03/2019 concerning
implementation is as follows:                                   Implementation of Electronic General Meetings of
1. Law of the Republic of Indonesia No. 10 of 1998              Shareholders of Public Companies.
    concerning Amendments to Law No. 7 of 1992 on           19. OJK Regulation No. 17/POJK.03/2019 concerning
    Banking.                                                    Material Transactions and Changes in Business
2. Law of the Republic of Indonesia No. 40 of 2007              Activities.
    concerning Limited Liability Companies.                 20. OJK Regulation No. 42/POJK.03/2019 concerning
3. OJK Regulation No. 17/ POJK.03/2014 concerning the           Transparency and Publication of Bank Reports.
    Implementation of Integrated Risk Management for        21. OJK Regulation No. 17 of 2023 concerning
    Financial Conglomerates jo OJK Regulation No. 30            Implementation of Governance for Commercial Banks.
    of 2024 concerning Financial Conglomerates and          22. OJK Regulation No. 2 of 2024 concerning the
    Financial Conglomerate Holding Companies.                   Implementation      of    Governance     for   Sharia
4. OJK Regulation No. 18/POJK.03/2014 concerning                Commercial Banks and Sharia Business Units.
    the Implementation of Integrated Governance for         23. OJK Circular Letter No. 14/SEOJK.03/2015 concerning
    Financial Conglomerates jo. OJK Regulation No. 30           the Implementation of Integrated Risk Management
    of 2024 concerning Financial Conglomerates and              for Financial Conglomerates.
    Financial Conglomerate Holding Companies.               24. OJK Circular Letter No. 15/SEOJK.03/2015 concerning
5. OJK Regulation No. 33/POJK.04/2014 concerning the            the Implementation of Integrated Governance for
    Board of Directors and Board of Commissioners of            Financial Conglomerates.
    Issuer or Public Company.                               25. OJK Circular Letter No. 32/SEOJK.04/2015 concerning
6. OJK Regulation No. 34/POJK.04/2014 concerning                Public Company Governance Guidelines.
    Nomination and Remuneration Committees for              26. OJK Circular Letter No. 25/SEOJK.03/2016 concerning
    Issuers or Public Companies                                 Commercial Bank Business Plans.
7. OJK Regulation No. 35/POJK.04/2014 concerning            27. OJK Circular Letter No. 43/SEOJK.03/2016 concerning
    Corporate Secretaries of Issuers or Public Companies        Transparency and Publication of Conventional
8. OJK Regulation No. 8/POJK.04/2015 concerning                 Commercial Bank Reports.
    Websites of Issuers or Public Companies.                28. OJK Circular Letter No. 13/SEOJK.03/2017 concerning
9. OJK Regulation No. 21/POJK.04/2015 concerning the            Implementation of Governance for Commercial Banks.
    Implementation of Guidelines for Public Corporate       29. Regulation of the Minister of State for State-Owned
    Governance.                                                 Enterprises (BUMN) Number PER-1/MBU/03/2023
10. OJK Regulation No. 31/POJK.04/2015 concerning               dated March 3, 2023 concerning Special Assignments
    Disclosure of Information or Material Facts by Issuer       and Social and Environmental Responsibility
    or Public Company.                                          Programs of State-Owned Enterprises.
11. OJK Regulation No. 55/POJK.04/2015 concerning the       30. Regulation of the Minister of State-Owned Enterprises
    Establishment and Guidelines for Implementing the           Number PER-2/MBU/03/2023 concerning Guidelines
    Work of the Audit Committee.                                for Governance and Significant Corporate Activities
12. OJK Regulation No. 56/POJK.04/2015 concerning               of State- Owned Enterprises.
    the Establishment and Guidelines for Preparing the      31. Regulation of the Minister of State-Owned Enterprises
    Internal Audit Unit Charter.                                (BUMN) Number PER-3/MBU/03/2023 dated March 3,
13. OJK Regulation Number 60/POJK.04/2015 concerning            2023 concerning Organs and Human Resources of
    Disclosure of Information on Certain Shareholders           State-Owned Enterprises.
14. OJK Regulation No. 5/POJK.03/2016 concerning Bank       32. The Company’s Articles of Association as last
    Business Plans.                                             amended by the Deed of Statement of Resolutions of
15. OJK Regulation No. 29/POJK.03/2016 concerning               the Annual General Meeting of Shareholders Number
    Annual Reports of Issuers or Public Companies.              8 dated March 6, 2024 which had been ratified by the
16. OJK Regulation No. 11/POJK.03/2016 concerning               Minister of Law and Human Rights of the Republic of
    Ownership Reports or Any Changes in Ownership of            Indonesia based on the Decree of the Minister of Law
    Public Company Shares.                                      and Human Rights of the Republic of Indonesia Number
                                                                AHU-0022194.AH.01.02.TAHUN 2024 dated April 5, 2024;


                                                                      PT Bank Tabungan Negara (Persero) Tbk    477
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                                                  Corporate
                                                  Governance




In addition to that, the Company also adopts the best governance standards regionally and internationally applicable
as best practices and improves the GCG implementation, including:
1. Principles of Good Corporate Governance, issued by the Organization for Economic Cooperation and Development
    (OECD).
2. ASEAN Corporate Governance Scorecard issued by ASEAN Capital Market Forum (ACMF).
3. Indonesian GCG Guidelines (PUGKI) developed by the National Committee on Governance Policy (KNKG).
4. Principles for Enhancing Corporate Governance issued by Basel Committee on Banking Supervision.




Objectives and Principles of
Implementation of Governance
The Company is fully aware that the business continuity        3. Providing added benefits and values for shareholders
of a business entity is not merely measured by financial          and stakeholders.
performance and increased profits, but also through            4. Maintaining and improving sound and competitive
internal management of the Company, including                     business continuity in the long term (sustainable).
the implementation of effective GCG. Thus far, the             5. Enhancing investors’ trust in the Company.
Company has implemented the GCG principles with the
purpose and belief that it will ensure the construction        The implementation of GCG is carried out based on the
of comprehensive business balance so that all forms            five principles contained in Regulation of the Minister
of interest, both business and social, individuals and         of SOEs No. PER-2/MBU/03/2023 concerning Guidelines
groups, internal as well as external, short and long-term      for Governance and Significant Corporate Activities of
as well as the shareholders and stakeholders interests         State-Owned Enterprises.
will reach the balance point. The implementation of
GCG principles is highly necessary in order to build a         TRANSPARENCY
more resilient Company to be able to survive in dealing        Transparency is openness in carrying out the decision-
with fiercer competition. The Company keeps striving           making process and openness in disclosing material
to follow the development of the best GCG practices at         and relevant information about the company.
the national, regional, and international levels that are
relevant and certainly adapted to the needs.                   ACCOUNTABILITY
                                                               Accountability is clarity of function, implementation,
The implementation of corporate governance serves              and organizational responsibility so that company
purposes as follows:                                           management is carried out effectively.
1. Supporting the Company’s vision, namely “Being
   Best Mortgage Bank in Southeast Asia in 2025”.              RESPONSIBILITY
2. Improving the Company’s mission, including:                 Responsibility is the conformity in company management
   a. Actively supporting the government in advancing          with the provisions of laws and regulations and good
      the welfare of the Indonesian people through             corporate principles.
      home ownership.
   b. Realizing millions of Indonesians dream of               INDEPENDENCE
      owning a decent house to live.                           Independence or self-reliance is a condition in which a
   c. Becoming the home of Indonesia’s best talent.            company is managed professionally without Conflict of
   d. Increasing shareholder value by focusing                 Interest and influence/pressure from any party that is not
      on sustainable profitability growth as a blue            in accordance with the provisions of laws and regulations
      chip company with strong risk management                 and good corporate principles.
      principles.
   e. Becoming a financial partner for stakeholders in
      the     housing    ecosystem    by     providing
      comprehensive solutions and the best services
      through digital innovation.




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FAIRNESS                                                      implementation of good corporate governance in the
It is justice and equality in fulfilling the rights of        Company becomes more essentially required.
stakeholders that arise based on agreements and
provisions of laws and regulations.                           In addition, GCG is a continuous effort to respond
                                                              proportionally to the needs of the GCG implementation
These five principles are in accordance with the pillars of   in order to achieve the goal of Moving Beyond Corporate
corporate governance based on the General Guidelines          Governance to True Business Value. The Company has
for Indonesian Corporate Governance (PUGKI).                  become a proud state-owned Bank and participates
                                                              in realizing the progress and prosperity of the nation.
GCG is a facility used by the Company’s organs to             In doing so, the Company always manages every
improve their business success and accountability so          business activity professionally and adheres to the
as to realize the shareholders’ value in the long term        GCG principles. To achieve the goals, the Company
while considering the other stakeholders’ interests, in       begins with integrating its human capital with reliability,
accordance with the applicable laws and regulations,          professionalism, integrity, and good manners.
and business ethics. The greater the risks, the




Commitment on
Corporate Governance Implementation
The Company always strengthens its commitment to              The implementation of good corporate governance
implement and uphold GCG principles consistently in           (GCG) is an important indicator for shareholders
the daily course of business activity, comply with all        to assess the Company’s performance and believe
applicable regulations and legislation, and is always         that the Company has been well-managed and is
open to improvements in accordance with best                  can protect the interests of all shareholders. PT Bank
practices to suit the goals, vision, and the Company’s        Tabungan Negara (Persero) Tbk. as a State-Owned
mission, and create added value for the Company for           Enterprise (BUMN) and also a public company, commits
Shareholders and other stakeholders.                          to continuously improve the implementation of good
                                                              corporate governance in order to understand the
                                                              expectations of each shareholder.




                                                                        PT Bank Tabungan Negara (Persero) Tbk      479
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                                                                  Corporate
                                                                  Governance




Corporate Governance
Implementation

Govenance Framework

Implementation of Corporate Governance can be seen from the alignment of 3 (three) aspects of the governance
system, such as governance structure, governance process, and governance outcome. The three aspects of the
governance system have been wellimplemented by the Company.




                                                                          GCG Principles
    Commitment




                      Transparency               Accountability             Responsibility                Independency           Fairness




                                                                            Main organs
   Governance




                                                                                  GMS
    Structure




                                                                         Board of Commissioners


                                                                            Board of Directors

                                                                      Supporting Organs Board of
                                                                   Commissioners and Board of Directors




                                     Company Policies, Governance Process and Reporting Process Flow
   Governance
     Process




                                                                     GCG implementation

                                                                                                                       Monitoring
                               Internalitation               Awareness                      Eksternalisasi
                                                                                                                     and Evaluation
   Governance
    Outcome




                                        Performance Growth and GCG Assessment Score Improvement
                             (Self Assessment Governance, CGPI, ACGS, Top GRC, GRC & Performance Excellence, and others)




Governance structure is the sufficiency of the Corporate Governance structure and infrastructure so that the process
of implementing Corporate Governance principles produces outcomes that are in line with the expectations of the
Company’s Stakeholders. The governance organ structure includes the Board of Commissioners, Directors, Committees,
and Company Work Units. Meanwhile, the Governance infrastructure includes policies and procedures, management
information systems, and the main tasks and functions of each organizational structure. Governance process is an
activity to implement governance in the Company which is supported by a structured system and optimal monitoring
process. Then, Governance outcome is the result of implementing adequate governance structures and governance
processes.




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Commitment on Governance                                     6. Evaluation of the performance of the Board of
                                                                Directors;
The Company is committed to continuously evaluate,           7. Pattern of working relationship between the Board of
improve, increase, and enhance GCG implementation,              Directors and the Board of Commissioners.
so that it is in line with developments in laws and
regulations and the latest business conditions. In           These guidelines are used as a reference for the Board
addition, each internal policy of the Company contains       of Commissioners and Directors in performing their
an obligation to be reviewed periodically by the Board       duties to achieve the Company’s business objectives.
of Commissioners and/or the Board of Directors in            The Guidelines for the Board of Commissioners and
accordance with the provisions of each policy. The           Directors are explained more clearly in the respective
Company’s GCG commitment is embedded in the                  Sub-Title of the Board of Commissioners and Directors
Company’s vision and mission, core values, and               in the Chapter of Corporate Governance.
business policy strategies, which are translated into
the following fundamental elements of the Company’s          Code of Ethics
business, as follows:                                        The Company has drafted the Company’s Code of
                                                             Ethics as a guideline on business ethics, work ethics,
Vision and mission                                           and BTNers’ code of conduct in implementing good
The Company has a vision that reflects the goal to be        corporate governance practices, including interacting
achieved, namely Best Mortgage Bank in Southeast Asia        with stakeholders. The Company’s Code of Ethics applies
2025. To achieve this goal, the Company has described        to BTNers at all levels of the organization. The Code of
the goal into several missions. The Vision and Mission are   Ethics is clearly explained in the Code of Ethics’ Sub-
explained in detail in the Chapter of Company Profile.       Heading in the Corporate Governance Chapter.


Company Core Values                                          Social and Environmental Responsibility
In line with efforts to strengthen basic foundations         The Social and Environmental Responsibility Program
and build cultural momentum, corporate culture               (TJSL) is an activity that is the Company’s commitment
transformation       is   performed      by     increasing   to sustainable development. This is performed by
understanding and capability in implementing AKHLAK          providing economic, social, environmental, legal, and
to achieve sustainable growth. In accordance with the        governance benefits with more integrated, focused,
AKHLAK core values, the main behavior of BTNers can be       measurable impact principles and can be accountable
classified into 8 (eight) main points, as follows:           for and are part of the company’s business approach.
1. Adhering to and complying with the moral values           Specifically, Social and Environmental Responsibility
    and business ethics and applicable regulations;          is detailed in the Chapter of Social and Environmental
2. Continuously learning and improving competency;           Responsibility Program.
3. Discipline, consistent and thorough in completing
    tasks with the best quality of performance;              Business Competition Compliance Program
4. Mutually respectful, appreciating, and open to            The Business Competition Compliance Program is a
    differences;                                             series of activities that demonstrate efforts to comply
5. Responsible and always putting the Corporate’s            with the principles of sound business competition. It is
    interest ahead;                                          performed with the aim of encouraging the Company
6. Proactive, effective, and efficient to satisfying         to comply with the principles of sound business
    customer needs;                                          competition, as stipulated in Law Number 5 of 1999
7. Responsive towards changes and providing                  concerning the Prohibition of Monopolistic Practices
    opportunity for continuous improvements.;                and Non-Sound Business Competition. The Business
8. Open to competition that delivers added value.            Competition Compliance Program is completely
                                                             described in the Compliance Function Sub-Chapter.
Guidelines for the Board of Commissioners and
Directors                                                    ISO 37000:2021 Implementation Plan on Governance of
The Company has Guidelines for the Board of                  Organizations
Commissioners and Directors, containing as follows:          The Company is also committed to implementing
1. Organization of the company and assignment of             corporate governance with plans to adopt ISO 37000:2021
    tasks;                                                   Governance of Organizations which aims to create
2. Duties, responsibilities, and authority;                  added value and sustainability for the organization.
3. Work ethics;
4. Meeting arrangements;
5. Prohibition against the Board of Commissioners and
    Directors;



                                                                       PT Bank Tabungan Negara (Persero) Tbk   481
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                                                       Corporate
                                                       Governance




Governance Structure                                                     f.
                                                                          Development       of   Sharia   Division   (SHAD)
                                                                          organizational structure to strengthen Sharia
The Law of Limited Liability Company No. 40 of 2007 states                business and IT.
that the Company’s Organs consist of the General Meeting               g. Separation of functions in Operation Banking
of Shareholders, Directors and Board of Commissioners.                    into two, consisting of Central Operations
The GMS, Directors and Board of Commissioners respect                     Division (CEOD) for managing basic operational
each other’s duties, responsibilities and authorities in                  functions and Digital Operations Division (DGOD)
accordance with regulations and the Articles of Association.              for managing business operations and business
The Company’s organs are established to ensure that the                   transactions.
implementation of corporate governance principles can                  h. Separation of Risk Management function into
perform effectively with clear roles and responsibilities so it           Digital & Operations Risk Management Division
creates a check and balance control mechanism. In detail,                 (DORD) and Enterprise & ESG Management
the Governance structure and mechanisms are explained                     Division (ERMD), where Digital & Operations
in the Sub-Chapter of Corporate Governance Structure                      Risk Management Division (DORD) manages
and Mechanism.                                                            digital risk and operational risk while Enterprise
                                                                          & ESG Management Division (ERMD) manages
Governance Process                                                        enterprise risk and ESG management.
                                                                       i. Addition     of    personal    data     protection
Governance Process The Governance Process conducted                       management function in Compliance Work Unit
by the Company is by corporate organs and lower levels                    in the form of Data Privacy Department.
in performing their functions and duties in realizing                  j. Establishment of Regional Digital Banking Retail
commitment and governance structure in order to                           in Regional Office as a strategy to strengthen
achieve governance results that are in accordance with                    digital product sales.
Governance principles. The Company’s Governance                        k. Implementation of BPI Kring (National) which
Process includes as follows:                                              includes changes in business processes through
1. Implementation of the General Meeting of                               the Regional Loan Processing Center (RLPC).
    Shareholders (GMS)                                                 l. Implementation of the National Phase 1 Decision
2. Implementation of the Functions, Duties and                            Engine as a loan decision tool.
    Responsibilities of the Board of Commissioners and                 m. The SME KUR BTN Laku business process has been
    Directors                                                             scaled up in all Regional Offices.
3. Implementation of Business Process Improvement                      n. Implementation of the end-state phase for the
    (BPI) and Company Business Activities                                 SMSE Process Center (SPU) in the cities of Medan,
    a. Bank has adjusted the company’s organizational                     Palembang, Banjarmasin, Balikpapan, Makassar,
        structure after the 2024 AGM by considering the                   Depok, Cirebon, and Ciputat.
        composition and nomenclature of the Board of                   o. Formation of an anti-fraud sub-committee
        Directors, the formation of SEVP and new Divisions.               under the Risk Management Committee to
    b. Development of the Commercial Banking                              accelerate the process of reporting and handling
        Division (CMBD) organizational structure for                      fraud incidents.
        non-housing management in order to achieve                  4. Social and Environmental Responsibility
        targets and diversify the guideline portfolio as
        well as business development and partnerships               Governance Outcome
        for the expansion of the Commercial Banking
        Center (CBC) business.                                      1.   GCG Assessment (BI/OJK) based on self-assessment
    c. Adjustment of business processes in the Retail                    results with a composite score of rank 2.
        Funding Division (RFD) based on retail funding              2.   GCG Third Party Assessment (CGPI, ACGS, Top GRC,
        segmentation to focus more on customer centric                   and others).
        and clarify accountability.                                 3.    The 2022 Governance Report.
    d. Separation of Digital Banking work units that                4.   Sustainable growth in financial performance.
        focus on sales, namely the Digital Banking Sales            5.   Establishment of a sustainable integrity system.
        Division (DBSD) and the Digital Banking Product
        Development Division (DBPD) in order to improve             Improvements in Guidelines and
        Digital Banking capabilities.                               Governance of Preparation of Policies
    e. Separation of Institutional Funding into Large
        Institutional Funding (LIFD) and Mid Size                   The Company through decision of Board of Directors
        Institutional Funding (MIFD) which focus on                 makes changes of Policy Architecture and Procedures
        Liquidity Buffer Customers and non-Liquidity                of Bank BTN, effectively prevailing since February 2,
        Buffer Customers.



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2022. It purposes to improve governance and internal          1. 10 (Ten) General Policies have been issued which
regulations so that those will be more well-organized,           have become Umbrella Policies for all Company
not overlapping, effective, and facilitating employees in        operational activities.
using the guidelines of daily operational implementation.     2. 153 (one hundred and fifty three) Special Policies (KK)
The company has developed a special policy number                have been issued which are derivative regulations
KK.9.A dated March 22, 2022 regarding Procedures                 from General Policies.
for Governance of Bank Internal Regulations with due          3. 280 (two hundred and eighty) Technical Instructions
observance of the following principles:                          have been issued which are derivative regulations
1. Ease and Clarity                                              from Special Policies.
2. Efficiency and Effectiveness
3. Aligned                                                    Additionally, the Company has also revoked existing
4. Measurable                                                 internal regulations that were invalid or not applied. In
5. Dynamic                                                    this transformation of Internal Regulations, The Company
6. Oriented to the user or the party being served             also uses a digital platform as a means of disseminating
7. Legal Compliance                                           the latest Internal Regulations that can be accessed by
8. Legal Certainty                                            employees, such as by the PPDigital application. The
                                                              existence of PPDigital will ease employees to obtain
In order to strengthen governance aspects and                 information about the latest Internal Regulations and
eliminate overlapping regulations and make it easier          those matters related to the work and activities of the
for employees to carry out daily operational activities,      said employees.
the Company needs to carry out transformations, one of
which is in the form of internal regulatory transformation.   Improvement of Governance Regulation
The intended transformation of internal regulations           In 2023, the Company has drafted and renewed the
is realized in the form of implementing the Internal          following policies, as follows:
Regulatory Architecture as follows:                           1. General Policy Number KU.6 dated December 5,
                                                                  2022 concerning Law, Compliance, AML & CFT and
                                                                  Corporate Governance as updated on December 20,
                                                                  2024.
                           AD                                 2. Special Policy Number KK.6-F dated August 28, 2023
                                                                  concerning Good Corporate Governance Procedures
                                                                  as updated on July 30, 2024.
                                                              3. Special Policy Number KK.6-H dated October 10,
                     Public Policy                                2023 concerning Conflict of Interest Management
                                                                  Procedures as updated on December 17, 2024.
                                                              4. Technical Instruction Number PT.6-F.1 dated
                                                                  September 15, 2023 concerning Good Corporate
                     Special Policy                               Governance Assessment as updated on March 26,
                                                                  2024.
                                                              5. Technical Instruction Number PT.6-A.1 dated April 25,
                                                                  2022 concerning the Implementing Instructions for
                Technical Instructions                            Gratification Control as updated on June 28, 2024.
                                                              6. Special Policy Number KK.6-J dated December 2,
                                                                  2024 concerning Business Competition Compliance
                                                                  Procedures.
                                                              7. Joint Decree of the Board of Commissioners Number
                                                                  01/SKPB/KOM/BTN/2024 and the Board of Directors
                                                                  Number SKPB-01/DIR/BTN/2024 concerning the
                          Good
       Corporate                          Code of                 Guidelines for Code of Conduct of PT Bank Tabungan
                        Corporate
        Culture                           Conduct
                       Governance                                 Negara (Persero) Tbk.


                                                              Improvement of the Work Procedure Guidelines for the
All existing Internal Regulations with old Policy and         Board of Commissioners and Directors
Procedure Architecture have been transformed into the         1. Guidelines and Work Rules of the Board of
New Policy and Procedure Architecture with the following         Commissioners Number 18/KOM/BTN/2024 dated
details:                                                         December 18, 2024 concerning the Guidelines and
                                                                 Work Rules of the Board of Commissioners of PT Bank
                                                                 Tabungan Negara (Persero) Tbk.



                                                                        PT Bank Tabungan Negara (Persero) Tbk     483
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                                                    Corporate
                                                    Governance




2. Guidelines and Work Procedure of the Board of                 commits to continuous improve the implementation in
   Directors through Special Policy Number KK.6-G                order to realize a Company free from corruption, collusion
   dated September 12, 2023 concerning Guidelines                and nepotism in accordance with the principles of good
   and Work Procedures of the Board of Directors.                corporate governance (GCG).


Improvement of the Board of Commissioners                        Strengthening the Implementation of FSA Guidelines
Committee Charter and the Board of Directors                     and ASEAN CG SCORECARD
Committee Policy                                                 The improvement of the quality of governance by
1. Charter of the Committee under the Board of                   implementing the ASEAN CG Scorecard is performed
   Commissioners                                                 in accordance with the mandate of OJK Regulation
   a. Audit Committee Charter Number 19/KOM/                     No. 21/POJK.04/2015 and SEOJK No. 32/SEOJK.04/2015
      BTN/2024 concerning the Guidelines and Work                as well as international governance best practices.
      Procedures of the Audit Committee.                         The issuance of a number of new OJK Regulations
   b. Remuneration and Nomination Committee                      during 2022 has been an aspect of compliance that is
      Charter Number 20/KOM/BTN/2024 dated                       always maintained by the Company. Those are related
      December 18, 2024 dated December 13, 2023                  to POJK No. 12/POJK.03/2021 concerning Commercial
      concerning the Guidelines and Work Procedures              Banks, POJK No. 13/POJK.03/2021 concerning the
      of the Remuneration and Nomination Committee               Implementation of Commercial Bank Products, and
      of PT Bank Tabungan Negara (Persero) Tbk.                  POJK No. 14/POJK.03/2021 concerning Amendments to
   c. Risk Monitoring Committee Charter Number                   POJK No. 34/POJK.03/2018 concerning Reassessment
      21/KOM/BTN/2024 dated December 18, 2024                    of the Main Parties of Financial Services Institutions and
      concerning the Guidelines and Work Procedures              OJK Circular Letter No. 16/SEOJK.04/2021 concerning the
      of the Risk Monitoring Committee.                          Form and Content of Annual Reports of Issuers or Public
2. Board of Directors Committee Charter                          Companies.
   Special Policy Number KK.9-D dated March 30, 2023
   concerning the Procedures of the Board of Directors           Zero Tolerance to Fraud & Zero Defect Program
   Committee Governance as updated on July 22, 2024.             The Company has implemented fraud risk management
                                                                 through the implementation of 4 (four) anti-fraud
Certification and Surveillance of ISO 37001:2016                 strategy    pillars, namely    prevention,  detection,
Anti-Bribery Management System                                   investigation, reporting sanctions and monitoring,
Furthermore, to maintain the ISO 37001:2016 Anti-                evaluation and follow-up.
Bribery Management System (SMAP) certificate in
the scope of ISO 37001:2016 SMAP Surveillance, the ISO           Integrated Governance, Risk and Compliance (IGRC)
37001:2016 SMAP Certification Body has conducted a               Implementation Initiative)
surveillance audit. On October 7-11, 2024, the Company           The Company has developed a Governance, Risk,
successfully maintained the SMAP certification in the            and Compliance 2025-2029 roadmap designed to
scope of procurement of goods and/or services in the             strengthen the organization’s ability to meet regulatory
Procurement and Fixed Asset Management Division                  requirements, manage risks effectively, and ensure
(PFAD), Commercial credit in the Commercial Banking              good corporate governance. This initiative integrates
Division (CMBD Head Office), Corporate Banking                   governance      oversight,   risk   management,     and
Division (CBD), Wholesales Credit Risk Division (WRD),           compliance processes to support sustainable business
Commercial Banking Center (Jakarta Raya, Bekasi,                 growth and operational resilience. Furthermore, we
Bandung, Bintaro Jaya), SME Restructuring (West Java             outline several processes in the development of the GRC
Regional Office, Jakarta II Regional Office, East Java Bali      Roadmap, as below:
Nusra Regional Office, Sumatra Regional Office, Sulawesi         a. BTN Corplan 2025-29 Highlight.
Maluku Papua Regional Office, Central Java DIY Regional          b. Diagnostic & GAP Analysis
Office), and Small Medium Enterprise Banking Division            c. SWOT Analysis Results and Key Watchout-Strategy
(SMBD). In addition, the Company expanded the scope                  Design
by adding (extend scope) ISO 37001:2016 Anti-Bribery             d. Strategic Postures & Diagnostic Result.
Management System (SMAP) in the scope of Credit                  e. Priority Matrix of GRC Strategic Initiatives
Operation Division (COD). Then, the Company always               f. Timelines
                                                                 .




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                                                                                                                                             Annual Report




                                                                             Corporate Plan 2025-29

                       1                                     2                                    3                                      4
                           Gap Analysis in Risk                  Gap Analysis in Digital              Gap Analysis in ESG                    BTN Top Risk Indicator
                           Maturity                              Maturity                             Aspects                                Projection 2025-2029



                                                                                                                                                  SWOT Analysis
                           Stream Analysis                Diagnostic                     Gap Analysis             Diagnostic Results
                                                                                                                                                    Results
  Diagnostic Process




                              FUNDING              Strategic Directions (Corplan,                                  Business Process
                                                       RBB, Director Meeting,
                                                      Directors and/ or others)                                                                    SWOT Analysis
                                                                                         GAP Analysis
       PHASE 1:




                                                                                                                    Governance &                     (Result)
                                                                                        Gaps Between            Organizational Structure
                              LENDING
                                                    External Analysis (Business       Existing Conditions
                                                    Trends), Regulation, an/or       and Ideal Conditions,       Infrastructure, IT & Data
                                                         Internal Analysis                 Constraints
                            OPERATIONAL
                                                                                          or Obstacles             People Capabilities            Key Watch-Out &
                                                                                          Encountered
                                                         Best Practices /                                                                          Strategy Design
                              RISK                       Benchmarking
                       INTERCONNECTIVITY                                                                               GRC Culture



                                                                            Strategic Postures for GRC Roadmap
Strategic
Postures
PHASE 2:




                              To Support Business Growth &                  To Drive Resilient & Secure Operational         To Ensure Competency of GRC Talent
                                     Sustainability                                 for Business Continuity                       and Strong GRC Culture




                                                                        Implementation Plan & Execution Setup
Implementation
   PHASE 3:




                                            Implementation Plan
     Plan




                              Initiative Charter - Strategic Initiative & Timeline                                         Execution Setup
                                                                                                             PMO, Tracking Tools, Empowerment & Change
                                                                                                               Management Implementation (2025-29)
                           Governance                 Risk                  Compliance




The key focus and design strategies identified in the GRC Roadmap include::
1. The development of Asset & Liability Risk Management Framework & System for Profit Stability, Risk/Return
   Optimization, and Capital Efficiency.
2. The Acceleration of sustainable growth through scaling up ESG initiatives by integrating environmental, social, and
   governance principles into the company’s core operations, strategy, and GRC framework based on the ESG Rating
   Gap.
3. Establishing Integrated Governance including Risk Management within the financial conglomerate structure to
   strengthen the Bank’s business ecosystem through the establishment of subsidiaries.
4. Towards Zero Manual Processes for Operational Efficiency through decision making automation, paperless and
   Building Advanced Risk Management Model.
5. Boosting Operational Resilience to Support Business Growth.




This roadmap positions the organization to proactively manage risk, comply with evolving regulations, and ensure a
governance structure that drives sustainable growth..




                                                                                                             PT Bank Tabungan Negara (Persero) Tbk                   485
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                                                   Corporate
                                                   Governance




The achievements of the 2024 Sustainable Finance Program for the implementation of BTN’s RAKB are formulated into
5 (five) pillars of sustainable finance, namely:




                                                 SUSTAINABLE FINANCE




                                                                                                Social
                            Procedures &               Human
        Product                                                           Technology        Responsibility
                               Policies               Resources
                                                                                            & Environment


          Product          Ensure policies and        HR capacity in       Use of digital   Arranging a series of
    development and       risk mitigation have        supporting the      applications to   programs, including
      operations that      been implemented         implementation of     develop bank          social issues
     take into account    for products and/for     Sustainable Finance   products and/or
     economic, social         bank services                                  services
    and environmental
          aspects




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Corporate Governance
Structure and Mechanism

Company Organ Structure

Republic of Indonesia Law Number 40 of 2007 on Limited Liability Companies stipulates that the Organ of the Company
consists of a General Meeting of Shareholders, the Board of Directors, and the Board of Commissioners. General Meeting
of Shareholders, the Board of Directors, and the Board of Commissioners mutually respect duties, responsibilities, and
authorities in accordance with regulations of the Article of Association. The organ of the Company is established to
assure the effective implementation of corporate governance principles with clear roles and responsibilities so as to
create a control mechanism of check and balance.



                                                              General Meeting of
                                                             Shareholders (GMS)



                                   Board of
                                                               Board of Directors            Sharia Supervisory Board
                                 Commissioners



                                      Secretary
                                                               Corporate Secretary
                               Board of Commissioners
    Eksternal Auditor



                                                                Risk Management
                                  Audit Committee                                             Internal Audit Work Unit
                                                                   Committee




                                                                Asset and Liability           Risk Management Work
                             Risk Monitoring Committee
                                                                   Committee                           Unit




                                                                Credit Committee




                                   Remuneration
                                                                Credit or Financing
                                  and Nomination                                               Compliance Work Unit
                                                                   Committee
                                    Committee



                                                              Information Technology
                                                                                                 Other Work Units
                                                                Steering Committee




                                                            Human Capital Committee             Sharia Business Unit




                                                               Business Committee




                                                                    Committee
                                                              Transformation Director




                                                                  ESG Committee




                                                                         PT Bank Tabungan Negara (Persero) Tbk         487
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Governance Soft Structure                                        10. Special Policy No. KK.6-A concerning Procedures of
                                                                     Gratification Control and Technical Instructions No.
In terms of improving the quality and coverage of                    PT.6-A.1, concerning Procedures for Implementing
the implementation of sustainable governance,                        the Gratification Control.
the Company drafts and applies a governance soft                 11. Joint Decree of the Board of Commissioners Number
structure regulating the relationship between organs                 01/SKPB/KOM/BTN/2024 and the Board of Directors
in the Company; hence, duties, responsibilities, and                 Number SKPB-01/DIR/BTN/2024 concerning the
authorities of each organ are clear in accordance                    Guidelines for Code of Conduct of PT Bank Tabungan
with the provisions of applicable regulations, GCG                   Negara (Persero) Tbk.
principles, healthy business ethics, or best practices. The      12. Special Policy Number KK.6-H concerning Procedures
governance soft structure of the Company is a policy                 for Conflicts of Interest Management.
structure used as framework and governance in policy             13. Guidelines for Managing the Whistle Blowing System
drafting as well as the implementation of the Company’s              through Technical Instruction Number PT.7-B.2
activities, including:                                               concerning the Management of the Whistleblowing
1. The Company Articles of Association as last                       System.
    amended by the Deed of Statement of Resolutions of           14. General Policy Number KU.6 concerning Law,
    the Annual General Meeting of Shareholders Number                Compliance, AML & CFT and Corporate Governance.
    8 dated March 6, 2024, which had been ratified by            15. Special Policy Number KK.6-F d concerning Good
    the Minister of Law and Human Rights of the Republic             Corporate Governance Procedures.
    of Indonesia based on the Decree of the Minister of          16. The update of KK No. KK.6-E concerning Procedures
    Law and Human Rights of the Republic of Indonesia                for Implementing Anti-Bribery Management System
    Number AHU-0022194.AH.01.02.TAHUN 2024.                          (ISO 37001:2016).
2. Working Relationship Governance of the Board of               17. Technical Instructions No. PT.6-F.1 about Governance
    Commissioners and Directors as ratified in the Joint             Assessment of Good Corporate Governance.
    Agreement Letter of the Board of Commissioners               18. The update of technical instructions No. PT.6-E.1
    No. 01/SKB/KOM/BTN/2024 and the Board of Directors               concerning Procedures for implementing Anti-
    No. SKB-01/DIR-BTN/2024.                                         Bribery Management System (ISO 37001: 2016).
3. GCG Guidelines as ratified in Special Policy No. KK.6-F
    dated August 25, 2023 concerning Good Corporate
    Governance Procedures as updated on December                 Corporate Governance Mechanism
    12, 2023.
4. Guidelines and Work Procedures of the Board of                Shareholders
    Commissioners as ratified in the Decree of the
    Board of Commissioners No. 18/KOM/BTN/2024 as an             As one of the State-Owned Enterprises under a public
    update to the Board Manual which was the previous            company status, the largest shareholder of the
    guideline and work regulations.                              Company is the Republic of Indonesia (60%), which
5. Guidelines and Manual of Board of Directors through           places the Republic of Indonesia as the Controlling
    Special Policy No. KK.6-G, about Guidelines and              Shareholder. In addition, the Republic of Indonesia also
    Manual of Board of Directors.                                has 1 (one) Series A Dwiwarna Share, which provides
6. Audit Committee Charter Number 19/KOM/BTN/2024                its holder special rights that are not owned by other
    concerning the Guidelines and Work Procedures of             shareholders and, at the same time, as a Controlling
    the Audit Committee.                                         Shareholder. Moreover, 40% of the Company’s shares
7. Remuneration        and    Nomination       Committee         are owned by the public.
    Charter Number 20/KOM/BTN/2024 concerning
    the Guidelines and Work Procedures of the                    Shareholders’ Rights
    Remuneration and Nomination Committee of
    PT Bank Tabungan Negara (Persero) Tbk.                       The Company owns 2 (two) types of shares, namely
8. Risk Monitoring Committee Charter Number 21/                  Series A Dwiwarna Shares and Series B Shares, with a
    KOM/BTN/2024 concerning the Guidelines and Work              nominal value of IDR 500.00 (five hundred rupiah) per
    Procedures of the Risk Monitoring Committee.                 share. Series A Dwiwarna Shareholder is the controlling
9. Special Policy No. KK.9-D concerning Governance               shareholder and has privileges with the following rights
    Procedures of the Board of Directors Committee.              and authorities:




488       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                               Annual Report




Special Rights and Authorities of Series A Dwiwarna           2. The right to obtain information regarding the
Shareholders                                                     Company in a timely, accountably, and orderly
1. The right to approve in the GMS for the following             manner unless for matters of a confidential nature.
   issues:                                                    3. The right to receive a share of the Company’s profits
   a. Approval for amendments to the Articles of                 intended for Shareholders in the form of dividends
       Association.                                              and other profit sharing, in proportion to the number
   b. Approval for Capital changes.                              of shares owned.
   c. Approval for the appointment and dismissal of           4. The right to obtain a comprehensive explanation
       members of the Board of Directors and the Board           and accurate information on the GMS procedures
       of Commissioners.                                         requirements Perseroan with the mechanism for
   d. Approval regarding merger, consolidation,                  exercising the said rights in accordance with the
       acquisition, separation, and dissolution.                 provisions in the Articles of Association and statutory
   e. Approval for remuneration for members of the               regulations
       Board of Directors and Board of Commissioners.         5. In the event that there is more than one type and
   f. Approval for assets transfer based on the Articles         classification of shares in the Company, each
       of Association that requires GMS approval.                shareholder has the right to vote according to the
   g. Approval for participation and reduction in                type, classification, and a number of shares owned,
       the percentage of equity participation in other           and each shareholder has the right to be treated
       companies based on the Articles of Association            equally based on the type and classification of
       that requires the GMS approval.                           shares owned.
   h. Approval for the use of profits.                        6. The right to transfer, release rights or issue a
   i. Approval      for   non-operational      long-term         guarantee for debts from all or most of the
       investment and financing based on the Articles            Company’s assets that are more than 50% of the
       of Association that requires the GMS approval.            total value of the Company’s net assets, either in one
2. The right to nominate candidates for members of the           separate or several interconnected transactions;
   Board of Directors and the Board of Commissioners.            the Board of Directors is required to obtain GMS
3. The right to propose the GMS agenda.                          approval.
4. The right to request and access Company data and           7. The right to propose agenda items for the GMS
   documents. Apart from the privileges of Series A              including proposing candidates for members of the
   Dwiwarna Shareholders, as long as the Company’s               Board of Directors and/or candidates for members
   Article of Association does not specify otherwise,            of the Board of Commissioners with the condition
   the Series A Dwiwarna Shareholder and the Series B            that 1 (one) or more shareholders representing 1/20
   Shareholder have the same rights.                             (one twentieth) or more of the total number of shares
                                                                 issued by the Company with valid voting rights.
Equal Rights for Series A Dwiwarna Shareholders and
Series B Shareholders
1. The right to attend, provide opinions, and vote in the
    GMS based on one share; the holder is entitled to
    cast 1 (one) vote, included in the determination of the
    remuneration of the Company’s Board of Directors
    and Board of Commissioners.




                                                                        PT Bank Tabungan Negara (Persero) Tbk    489
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                                                         Governance




General Meeting of Shareholders

Process of GMS and Voting Mechanism

The holding of the Company’s GMS refers to the Limited Liability Company Law and OJK Regulation
Number 15/POJK.04/2020, regarding the Plan and Implementation of the General Meeting of Shareholders of a Public
Company and the Company’s Articles of Association. The stages of holding the GMS are as follows:



                                                                  1


                                                                           No later than 5 (five) working days before the
                      Notification of Plan for Holding
                                                                           announcement of the GMS, without taking into
                      GMS to Regulators
                                                                           account the date of the GMS announcement




                                                                  No later than 14 (fourteen) days before the invitation
                            Announcement of the holding of
                     2                                            to the GMS, without taking into account the date of the
                            the GMS
                                                                  announcement and the date of the invitation.




                                                           No later than 21 (twenty one) days before the
            Invitation to Hold GMS via Mass Media          GMS is held, without taking into account the       3
                                                           date of the invitation and the date of the GMS




                     4      Implementation of the GMS      Implementation of the GMS.




            Announcement of Summary of GMS Minutes via
                                                                  No later than 2 (two) working days after
            Stock Exchange Website, Issuer Website, and                                                       5
                                                                  the GMS is held.
            e-GMS Provider Website




                                                                           No later than 30 (thirty) days after the
                      GMS Minutes/Minutes
                                                                           GMS is held



                                                                 6




To provide opportunities for individual and institutional             4. The province of the Stock Exchange where the
shareholders to participate actively in using their rights as            Company’s shares are listed.
shareholders, the Company makes announcements and
summons for the GMS within their respective time periods,             GMS Chairperson
at least through the Stock Exchange website, the e-GMS                The GMS is led by the Chairperson of the GMS with the
provider website, and the website Company website                     following conditions:
in Indonesian and English. The Company is obliged to                  1. The leader of the GMS is a member of the Board
determine the place and time for holding the GMS. The                     of Commissioners appointed by the Board of
place where the GMS is held must be in the territory of the               Commissioners.
Republic of Indonesia, that is, it can be held in:                    2. In the event that all members of the Board of
1. The Company’s office;                                                  Commissioners are absent or unable to attend, the
2. The Company’s business unit;                                           GMS shall be chaired by a member of the Board of
3. The provincial capital of the domicile or place of the                 Directors appointed by the Board of Directors.
    Company’s main business activities; or




490       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                             Annual Report




3. In the event that all members of the Board of                the right to make binding decisions if attended by
   Commissioners or members of the Board of Directors           shareholders representing at least ⅓ (one third) of
   are absent or unable to attend, the GMS shall be             the total number of shares with valid voting rights
   chaired by the shareholders present at the GMS               and the resolution is valid if approved by more than
   appointed from and by the GMS participants.                  ½ (one half) of the total number of shares with voting
4. In the event that a member of the Board of                   rights present at the meeting unless the Law and/or
   Commissioners appointed by the Board of                      Articles of Association stipulates a larger quorum.
   Commissioners to chair the GMS has a conflict of          3. If the quorum of attendance at the second GMS is
   interest with the agenda to be decided at the GMS,           not reached, the third GMS may be held provided
   the GMS shall be chaired by another member of                that the third GMS is valid and has the right to make
   the Board of Commissioners who has no conflict of            decisions if attended by shareholders of shares with
   interest appointed by the Board of Commissioners.            valid voting rights in the quorum of attendance and
5. In the event that all members of the Board of                the decision-making requirements set by FSA upon
   Commissioners have a conflict of interest, the               request of the Company.
   GMS shall be chaired by a member of the Board of
   Directors appointed by the Board of Directors.            The quorum as referred to in the item above adjusts the
6. In the event that one of the members of the Board of      GMS agenda as stipulated in the applicable laws and
   Directors appointed by the Board of Directors to lead     regulations and the Company’s Articles of Association.
   the GMS has a conflict of interest on the agenda to
   be decided at the GMS, the GMS shall be chaired by a      Procedures of GMS Question and Answer
   member of the Board of Directors who does not have        In discussing each GMS agenda item, the Chair of the
   a conflict of interest.                                   Meeting will provide the Eligible Shareholders or their
7. In the event that all members of the Board of Directors   proxies with the opportunity to submit questions/
   have a conflict of interest, the GMS shall be chaired     opinions/suggestions in writing before voting is held and
   by a noncontrolling shareholder who is elected by the     after discussion of the GMS agenda items.
   majority of the other shareholders present at the GMS.    Procedure to be followed:
8. The Chairperson of the GMS has the right to request       1. The Chairman of the Meeting will provide the Eligible
   that those present prove their authority to attend the        Shareholders or their authorized proxies with the
   GMS and/or request power of attorney to represent             opportunity to ask questions, express opinions and/
   the shareholders. The power of attorney can be                or submit suggestions. At each question and answer
   accessed through the Company’s website in the                 session, 3 (three) Eligible Shareholders or their
   Investor Relations - GMS - Invitation section.                authorized proxies will be given the opportunity to
                                                                 submit written questions/opinions/ suggestions. By
Attendance of Shareholders at the GMS                            considering the questions/opinions/ suggestions that
1. Shareholders who are entitled to attend the GMS               have been submitted, the Meeting Chair can limit the
   are Shareholders whose names are registered in                number of questions/opinions/suggestions submitted.
   the Company’s Shareholders’ Register as of the date       2. Only Entitled Shareholders or their authorized proxies
   stated in the GMS announcement.                               have the right to ask questions, express opinions
2. Shareholders who are entitled may be represented              and/or submit suggestions.
   by other Shareholders or other persons based on a         3. Entitled Shareholders or their authorized proxies
   power of attorney.                                            who wish to ask questions, express opinions and/
                                                                 or make suggestions are asked to raise their hands,
GMS Quorum                                                       and then the Meeting officer will hand them a
Based on Article 26 of the Articles of Association, the          question/opinion/proposal form to fill in the name of
quorum of attendance and resolutions of the GMS on               the Entitled Shareholder, number of shares. owned/
matters that must be decided at the Meeting are carried          represented and questions/opinions/suggestions
out by following the provisions:                                 submitted. The question/opinion/suggestion form
1. Attended by shareholders representing more than ½             must be submitted to the Meeting officer to be
   (one half) of the total shares with valid voting rights       submitted to the Chair of the Meeting and first
   and the decision is valid if approved by more than            validated by a Notary.
   ½ (one half) of the total shares with valid voting        4. Every question/opinion/suggestion submitted by the
   rights unless the Law and/or Articles of Association          Entitled Shareholder must meet the requirements
   stipulates a larger quorum.                                   that in the opinion of the Chair of the Meeting the
2. In the event that the quorum of attendance is not             matter is directly related to the Meeting agenda item
   achieved, then the second GMS is valid and has                being discussed.




                                                                        PT Bank Tabungan Negara (Persero) Tbk   491
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                                                          Corporate
                                                          Governance




5. The Chairman of the Meeting will read the questions/opinions/ suggestions submitted and respond to the
   questions/ opinions/proposals one by one. If necessary, the Chair of the Meeting will invite members of the Board
   of Directors or Board of Commissioners of the Company or Institutions and/ or Supporting Professionals to answer
   or respond to these questions/opinions/suggestions.


After all questions/opinions/suggestions have been answered or responded to, a vote will be held, only Entitled
Shareholders or their legal proxies have the right to vote.


Annual GMS 2024 Implementation and Realization


          Stage                                                                   Detail

 Notification                   Letter Number 60/DIR/CSD/I/2024 dated January 18, 2024 regarding Submission of the Implementation
                                Date and Agenda of the Annual GMS for the 2023 Fiscal Year of PT Bank Tabungan Negara (Persero) Tbk
                                was submitted to the OJK with copies to PT Bursa Efek Indonesia, PT Kustodian Sentral Efek Indonesia,
                                PT Datindo Entrycom, and the Company's Board of Commissioners.

 Announcement                   It was published through the e-GMS provider website, the Indonesia Stock Exchange website, and the
                                Company's website dated January 29, 2024.

 Invitation                     It was published through the e-GMS provider’s website, the Indonesia Stock Exchange website, and the
                                Company's website dated February 13, 2024.

 Implementation                 The GMS was held on Wednesday, March 6, 2024 at 14.31 WIB – 17.13 WIB at Gedung Menara BTN, lantai
                                6t, Jl. Gajah Mada No. 1 Jakarta Pusat 10130.

 Announcement of                It was published through the e-GMS provider website, the Indonesia Stock Exchange website, and the
 Summary of GMS                 Company's website on March 8, 2024.
 Minutes

 GMS Minutes                    Letter Number 555/CSD/CMPO/IV/2024 dated April 5, 2024 regarding Submission of the Deed of the
                                2024 Annual General Meeting of Shareholders (AGM) Minutes of PT Bank Tabungan Negara (Persero)
                                Tbk, submitted to the OJK dated April 5, 2024.



Recapitulation of Attendance at the 2024 Annual GMS

The meeting was chaired by Mr. Chandra M. Hamzah, the President Commissioner/Independent, in accordance with
the resolutions of the Board of Commissioners Meeting dated February 21, 2024, which was delivered through the
Board of Commissioners’ letter Number 27/KOM/BTN/II/2024 dated February 21, 2024 concerning the Chairperson
of the Annual General Meeting of Shareholders for the 2023 Fiscal Year of PT Bank Tabungan Negara (Persero) Tbk,
and attended by all members of the Board of Commissioners, President Director, Deputy President Director and all
members of the Board of Directors, and all members of the Company’s Audit Committee as follows:

 No.                      Name                                                   Position                           Attendance

  1.    Chandra M. Hamzah                           President Commissioner/ Independent                                 Present

  2.    Iqbal Latanro                               Vice-President Commissioner/Independent                             Present

  3.    Armand B. Arief                             Independent Commissioner                                            Present

  4.    Sentot A. Sentausa                          Independent Commissioner                                            Present

  5.    Andin Hadiyanto                             Commissioner                                                        Present

  6.    Herry Trisaputra Zuna                       Commissioner                                                        Present

  7.    Himawan Arief Sugoto                        Commissioner                                                        Present

  8.    Nixon L.P. Napitupulu                       President Director                                                  Present

  9.    Oni Febriarto Rahardjo                      Vice President Director                                             Present

  10.   Andi Nirwoto                                Director of IT and Digital                                          Present

  11.   Elisabeth Novie Riswanti                    Director of Assets Management                                       Present

  12.   Jasmin                                      Director of Distribution and Funding                                Present




492       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                     2024
                                                                                                             Annual Report




 No.                     Name                                                 Position                                 Attendance

 13.    Setiyo Wibowo                               Director of Risk Management                                              Present

 14.    Hirwandi Gafar                              Director of Consumer                                                     Present

 15.    Nofry Rony Poetra                           Director of Finance                                                      Present

 16.    Eko Waluyo                                  Director of Human Capital, Compliance, and Legal                         Present

  17.   Hakim Putratama                             Director of Institutional Banking                                        Present



Independent Party Counting and/or Validating Votes

The results of decision-making are calculated by PT Datindo Entrycom as Securities Administration Bureau (“BAE”) and
then validated by Notary Ashoya Ratam, S.H., M.Kn, both of whom were appointed by the Company.


Resolutions and Realization of the 2024 Annual GMS


                                                             First Agenda

Approval of the Annual Report and Ratification of the Company's Financial Statements, Approval of the Board of Commissioners'
Supervisory Tasks Report and Ratification of the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the
2023 Financial Year as well as Full Settlement and Release of Responsibility (volledig acquit et de charge) to the Board of Directors for
the Company's Management Actions and the Board of Commissioners for the Company's Supervisory Actions that have been carried
out during the 2023 Financial Year.

There were 4 (four) shareholders who submitted questions, opinions, and/or suggestions regarding the first agenda item of the
Meeting. The summary and essence of the question and answer process for the agenda item are as follows:


 No.                      Feedback/Questions                                                        Answers

  1.    In the context of implementing the development of                  Thank you Series A Dwiwarna Shareholders for your
        PT Bank Tabungan Negara (Persero) Tbk/”BTN” to improve             feedback. The Company will note and follow up on the notes
        the Company’s performance, we hereby convey the                    from Series A Dwiwarna Shareholders
        following matters:
        1. We express our gratitude and appreciation to all
             members of the Board of Commissioners, Directors and
             BTN Employees for:
             a. Success in improving the Company's performance,
                 as reflected in:
                 1) Net profit increased by 14.97% YoY to IDR3.50
                      trillion.
                 2) Total loan increased by 11.87% YoY to IDR333.69
                      trillion.
                 3) Fee Based Income Realization increased by
                      60.15% YoY to IDR3.22 trillion.
                 4) CASA ratio increased from 48.52% to 53.73%.
                 5) CIR ratio decreased from 46.66% to 45.26%.
                 6) Gross NPL ratio decreased from 3.38% to 3.01%
                      and LAR decreased from 23.24% to 21.20%.
             b. The Company's commitment to supporting the
                 government's program to maximize the provision of
                 housing financing for the people, especially for low-
                 income communities, to achieve zero backlog by
                 2045. We hope that this achievement will continue to
                 be improved in the future so that the Company can
                 contribute more optimally not only to shareholder
                 returns but also to the state and society.
        2. Matters that require the attention of the Board of
             Commissioners and Directors of BTN to improve future
             performance are as follows:
             a. To anticipate global economic conditions in 2024
                 which have the potential for inflationary pressures and
                 tightening of global monetary policy with increasingly
                 limited fiscal space, the Company must establish a
                 more selective loan distribution strategy, implement
                 sustainable loan risk management, and optimal
                 liquidity management;




                                                                                    PT Bank Tabungan Negara (Persero) Tbk              493
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                                                       Corporate
                                                       Governance




No.                  Feedback/Questions                                 Answers

      b.   Nationally, economic growth in 2024 is predicted to
           remain strong and grow positively in the range of 4.8%
           - 5.2%. In addition, the housing sector still has a very
           large room to grow considering the still high national
           housing backlog, the high number of people who
           do not have decent homes, and the extension of the
           stimulus provided by the Government in the housing
           sector. This opportunity should be utilized well by the
           Company by optimizing all existing potential so that
           it can become The Best Mortgage Bank in Southeast
           Asia as expected;
      c.   The Company should focus on strengthening
           strategy, business innovation, and market
           expansion to increase market capitalization so
           that it can provide added value to Shareholders;
      d.   Considering that in 2023 there would be a decline in
           net interest income, the Company is expected to:
           1) Making efforts to reduce the cost of funds
                by    increasing     low-cost    funds     (CASA),
                strengthening ecosystem-based businesses,
                penetrating mobile banking as a digital
                financial solution, and optimizing cash
                management         service     penetration        for
                customers, so that they can excel in the
                competition of banking service transaction.
           2) Encourage        a    housing    ecosystem        with
                new mortgage models, other quality and
                sustainable business expansions, and optimize
                yields on loan distribution while still prioritizing
                the principle of prudence so that there is a
                sustainable increase in profitability.
      e.   Continue to encourage increased revenue
           contributions from Other Operating Income,
           especially Fee Based Income (FBI) through
           massive acceleration of digital financial services
           and     transactional      banking,   especially       for
           internet and mobile banking users, as well as the
           development of fee based from other new sources
           such as foreign exchange services, forex trading,
           and structured products;
      f.   Ensure the achievement of the State Capital
           Participation (PMN) KPI target, especially on
           indicators that were not achieved in 2023, namely
           BOPO, Gross NPL and Realization of Subsidized
           Mortgage Loans;
      g.   In connection with the increasing role of
           information technology in the banking industry
           and the increasingly massive hacking efforts
           and cyber security disruptions that have a very
           massive impact on operations, finances, and
           reputation, the Company is expected to strengthen
           its cyber security in terms of policy, infrastructure,
           operating systems, and risk mitigation;
      h.   To promote the principle of sustainable finance,
           the Company must maintain its commitment to
           developing ESG initiatives, including through the
           Company's work program, loan distribution and
           issuance of debt securities based on the principle
           of green financing. In addition, the implementation
           of ESG initiatives must be aligned with the direction
           of the government's program focus on the context
           of national economic recovery and development;
      i.   The Company must continue to commit to making
           improvements in the implementation of the Anti-
           Fraud Strategy in each of its pillars and not give
           tolerance (zero tolerance) to any form of fraud,
           both internal and external;
      j.   Following up on internal and external audit/
           auditor findings, optimizing risk management
           and implementing the three lines of defense,
           and always prioritizing the principles of Good
           Corporate Governance and paying attention to the
           provisions of Anti-Money Laundering, Prevention of
           Terrorism Funding and Prevention of Proliferation
           of Weapons of Mass Destruction (AML, CFT, AND
           PFWMD).




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                                                                                                                 Annual Report




No.                       Feedback/Questions                                                          Answers

 2.    a.   In our attention, there is an increase in the provision for    In 2023, the Company experienced a decrease in gross
            impairment losses on financial assets. Is this due to an       NPL from 3.38% to 3.01%. Related to the increase in CKPN
            increase in NPL because of BTN's inability to pay home         reserves for NPL in 2023, reaching 155.16%, it aims to increase
            loan debt, motorcycle loan debt, unsecured loan debt,          the Company's caution against NPL risk and increase the
            or credit card debt?                                           Company's coverage.

       b.   Recently, PT Akulaku Finance Indonesia successfully            The Company has a different business concentration from
            obtained the revocation of sanctions by OJK. Does this         PT Akulaku Finance Indonesia. Until now, the Company
            have an impact on the banking industry, especially BTN         has not had any competitive intersection with PT Akulaku.
            considering that Buy Now Pay Later (BNPL) companies            However, in the future, the Company plans to issue a BNPL
            have a CAGR of >10% per year?                                  product which is expected to be licensed by OJK this year.

 3.    a.   Which business division is disruptive to increasing the        Basically, all Divisions have contributed well, so that no business
            Company's profits and what solutions is management             Division has become a disruption in increasing profits. This
            implementing to improve it?                                    is reflected in the Company's performance in 2023 which
                                                                           generally recorded good results, including increasing assets,
       b.   As the king of subsidized housing mortgages, is there a        increasing loan and DPK growth, LAR and other financial ratios
            Company agenda to create a flat installment mortgage           recorded well, increasing CKPN reserves, increasing profits and
            service for up to 30 years, and will this disrupt the NPL if   becoming the biggest achievement since the Company was
            the customer defaults due to retirement or layoffs?            established.

                                                                           The mortgage scheme with a flat interest calculation may
                                                                           be implemented by the Company, but this scheme will be
                                                                           very burdensome for consumers, especially if applied to
                                                                           mortgages with a long term of up to 30 years. The interest paid
                                                                           by consumers will be higher than the principal, because the
                                                                           interest with a flat scheme will be higher than the interest with
                                                                           an annuity or effective scheme, which is a mortgage interest
                                                                           calculation scheme commonly used by the market. For this
                                                                           reason, the Company will not use this scheme at this time.

 4     Through CSR funds, BTN is expected to play an active role           This will be input for the Company.
       in building the mentality of the nation's children, especially
       Gen Z, which is currently considered the strawberry
       generation (Kompas.id, June 26, 2023). They are seen as
       a young generation that is soft, spoiled, and has weak
       fighting spirit when facing challenges, even though they
       are the generation that plays an important role in achieving
       Indonesia Emas 2045. One way to build generation z so
       that they have a strong mentality, high fighting spirit and a
       patriotic spirit & high sense of nationalism, is to distribute
       free biographical books of national heroes. Thus, the spirit of
       nationalism, high fighting spirit is expected to be transmitted
       to gen z who read the books of these heroes.

Voting Results
Agree		               : 10.767.960.536 (96,2067051%)
Disagree		            : 200 (0,0000018%)
Abstain		             : 424.565.315 (3,7932931%)

Decisions
1. Approve the Company's Annual Report including the Company's Board of Commissioners' Supervisory Duties Report for the 2023
   Financial Year ending on December 31, 2023.
2. Ratify:
   a. The Company's Financial Statement for the 2023 Financial Year ended on December 31, 2023, which has been audited by the
         Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network) in accordance with
         Report Number 00048/2.1032/AU.1/07/1681-1/1/II/2024 dated February 12, 2024 with a fair opinion in all material respects; and
   b. Financial Report of the Micro and Small Business Funding Program for the 2023 Financial Year ending on December 31, 2023,
         which has been audited by the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young
         Global network) in accordance with Report Number 00047/2.1032/AU.2/10/1681-1/1/II/2024 dated February 12, 2024 with a fair
         opinion in all material respects.
3. With the approval of the Company's Annual Report including the Board of Commissioners' Supervisory Task Report, and the
   ratification of the Company's Financial Report and the Financial Report of the Micro and Small Business Funding Program (PUMK),
   all for the 2023 Financial Year ending on December 31, 2023, the GMS grants full release and discharge (volledig acquit et de charge)
   to all members of the Board of Directors for their management of the Company and to all members of the Board of Commissioners
   for their supervisory actions for the Company that have been carried out during the 2023 Financial Year ending on December 31,
   2023, as long as such actions do not constitute a criminal act and are reflected in the reports mentioned above.

Status: Realized




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                                                           Second Agenda

Determination of Use of the Company's Net Profit for the 2023 Financial Year

There were no questions, opinions and/or suggestions submitted in the discussion of the second agenda item of the Meeting.

Voting Results
Agree		              : 10.818.441.493 (96,6577290%)
Disagree		           : 200 (0,0000018%)
Abstain		            : 374.084.358 (3,3422693%)

Decisions
Approving the use of the Company's net profit for the 2023 Financial Year amounting to IDR3,500,987,620,258.75 (three trillion five hundred
billion nine hundred eighty seven million six hundred twenty thousand two hundred fifty eight point seven five in IDR) as follows:
1. 20% (twenty percent) or an amount of IDR 700,197,524,051.75 (seven hundred billion one hundred ninety seven million five
      hundred twenty four thousand fifty one point seven five in IDR) or IDR 49.89136 (forty nine point eight nine one three six in IDR)
      per share is determined as Cash Dividend. The payment is carried out with the following provisions:
      a. Dividends of the Republic of Indonesia's share amounting to IDR 420,118,514,441.03 (four hundred twenty billion one hundred
          eighteen million five hundred fourteen thousand four hundred and forty one point zero three in IDR) were deposited into
          the State General Cash Account.
      b. Dividends for the 2023 Financial Year are paid proportionally to each Shareholder whose name is recorded in the
          Shareholder Register on the recording date.
      c. The Board of Directors is given authority and power with the right of substitution to carry out:
          i.   Determination of the schedule and procedures for distribution related to the payment of Dividends for the 2023
               Financial Year in accordance with applicable provisions.
          ii. Dividend tax deductions in accordance with applicable tax regulations.
          iii. Other technical matters in accordance with applicable provisions.
2. 80% (eighty percent) or an amount of IDR 2,800,790,096,207.00 (two trillion eight hundred billion seven hundred ninety million
      ninety-six thousand two hundred and seven IN IDR) is used as retained earnings balance.

Status: Realized




                                                            Third Agenda

Determination of Remuneration (salary/honorarium, facilities and allowances) for 2024, as well as Tantiem for Performance in
2023 for the Company's Board of Directors and Board of Commissioners.

There were no questions, opinions and/or suggestions submitted in the discussion of the third agenda item of the Meeting.

Voting Results
Agree		              : 10.469.506.271 (93,5401555%)
Disagree		           : 348.930.722 (3,1175333%)
Abstain		            : 374.089.058 (3,3423113%)

Decisions
1. Approve the granting of authority and power to the Series A Dwiwarna Shareholders to determine for the Members of the
   Board of Commissioners:
   a. Tantiem/Performance Incentive/Special Incentive for the 2023 Financial Year in accordance with applicable provisions; and
   b. Honorarium, Allowances and Facilities for the 2024 Financial Year.
2. Approve the granting of authority and power to the Board of Commissioners by first obtaining written approval from the Series
   A Dwiwarna Shareholders to determine for the Members of the Board of Directors:
   a. Tantiem/Performance Incentive/Special Incentive for the 2023 Financial Year in accordance with applicable provisions; and
   b. Salary, Allowances and Facilities for the 2024 Financial Year.

Status: Realized




                                                            Fourth Agenda

Appointment of Public Accountant (AP) and/or Public Accounting Firm (KAP) to audit the Company's Financial Report and the
Financial Report of the Micro and Small Business Funding Program (PUMK) for the 2024 Financial Year

There were no questions, opinions and/or suggestions submitted in the discussion of the fourth agenda item of the Meeting.

Voting Results
Agree		              : 10.818.441.493 (96,6577290%)
Disagree		           : 200 (0,0000018%)
Abstain		            : 374.084.358 (3,3422693%)




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                                                        Fourth Agenda

Decisions
1. Approve the appointment of Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network), as the Public
   Accounting Firm that will audit the Company's Financial Statements, the Financial Statements of the Micro and Small Business
   Funding Program and other reports for the 2024 Financial Year.
2. Approve the granting of authority and power to the Company's Board of Commissioners to carry out:
   a. Appointment of a Public Accountant and/or Public Accounting Firm to conduct an audit of the Company's Financial
       Statements for other periods in the 2024 Financial Year for the purposes and interests of the Company; and
   b. Determination of audit service fees and other requirements for the Public Accountant and/or Public Accounting Firm, and
       appointment of a replacement Public Accountant and/or Public Accounting Firm in the event that the Public Accounting
       Firm of Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network), for whatever reason, is unable
       to complete the provision of audit services for the Company's Financial Statements for the 2024 Financial Year and/or
       other periods in the 2024 Financial Year, as well as the Financial Statements of the Micro and Small Business Funding
       Program for the 2024 Financial Year, including determining audit service fees and other requirements for the replacement
       Public Accountant and/or Public Accounting Firm.

Status: Realized




                                                          Fifth Agenda

Report on the Realization of the Use of Funds from the Increase in Capital by Granting Preemptive Rights II (PMHMETD II).

The fifth agenda item was a nature report so there was no question and answer session.

Voting Result
The fifth agenda item of the meeting was of a nature report so no decisions were taken.




                                                         Sixth Agenda

Approval of Amendments to the Company's Articles of Association

There were no questions, opinions and/or suggestions submitted in the discussion of the sixth agenda item of the Meeting.

Voting Result
Agree		             : 10.128.364.939 (90,4922168%)
Disagree		          : 690.076.754 (6,1655139%)
Abstain		           : 374.084.358 (3,3422693%)

Decisions
1. Approve changes to the Company's Articles of Association, including complying with statutory regulations:
   a. OJK Regulation Number 17 of 2023 dated September 14, 2023, concerning Implementation of Governance for Commercial
        Banks;
   b. Regulation of the Minister of SOEs Number PER-2/MBU/03/2023 dated March 24, 2023, concerning Guidelines for Governance
        and Significant Corporate Activities of SOEs;
   c. Regulation of the Minister of SOEs Number PER-3/MBU/03/2023 dated March 24, 2023, concerning SOE Organs and Human
        Resources; and
   d. other related regulations.
2. Agree to re-draft all provisions in the Company's Articles of Association in connection with the changes referred to in point
   1 (one) above.
3. Grant authority and power to the Board of Directors with the right of substitution to take all necessary actions related to the
   decisions of the Meeting, including but not limited to compiling and restating all of the Company's Articles of Association in
   a Notarial Deed, adjusting changes to the Company's Articles of Association if this is required by the authorized agency and
   submitting it to the authorized agency to obtain approval and a receipt for notification of changes to the Company's Articles
   of Association, as well as doing everything deemed necessary and useful for this purpose with none being excluded.

Status: Realized




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                                                             Seventh Agenda

Changes to the Company's Management Composition.

There were no questions, opinions and/or suggestions submitted in the discussion of the seventh agenda item of the Meeting.

Voting Result
Agree		               : 10.430.252.214 (93,1894388%)
Disagree		            : 388.189.479 (3,4682919%)
Abstain		             : 374.084.358 (3,3422693%)

Decisions
1. To confirm the honorable dismissal of the following names as Members of the Company's Board of Commissioners:
   1) Mr. Ahdi Jumhari Luddin – as Independent Commissioner;
   2) Mr. Mohamad Yusuf Permana – as Commissioner;
       who were appointed respectively based on the Resolution of the 2019 EGMS dated November 27, 2019, and the Resolution of
       the 2023 EGMS dated January 11, 2023, respectively effective from August 12, 2023 and March 4, 2024, with gratitude for the
       contribution of energy and ideas given during their tenure as Members of the Company's Board of Commissioners.

2.   To honorably dismiss the following names as Company Managers:
     1) Ms. Elisabeth Novie Riswanti – as Director of Assets Management;
     2) Mr. Hirwandi Gafar – as Director of Consumer;
     3) Mr. Jasmin – as Director of Distribution and Funding;
     4) Mr. Setiyo Wibowo – as Director of Risk Management;
     5) Mr. Chandra M. Hamzah – as President Commissioner/Independent;
     6) Mr. Andin Hadiyanto – as Commissioner;
     7) Mr. Armand B. Arief – as Independent Commissioner;
         who were appointed respectively based on the Decision of the 2019 Extraordinary General Meeting of Shareholders dated
         August 29, 2019 in conjunction with the 2019 Extraordinary General Meeting of Shareholders dated November 27, 2019 in
         conjunction with the 2020 Financial Year General Meeting of Shareholders dated March 10, 2021 in conjunction with the 2021
         Financial Year General Meeting of Shareholders dated March 2, 2022, the Decision of the 2019 Extraordinary General Meeting
         of Shareholders dated November 27, 2019 in conjunction with the 2021 Financial Year General Meeting of Shareholders
         dated March 2, 2022, the Decision of the 2019 Extraordinary General Meeting of Shareholders dated November 27, 2019 in
         conjunction with the 2020 Financial Year General Meeting of Shareholders dated March 10, 2021 ..., the Decision of the 2020
         Financial Year General Meeting of Shareholders dated March 10, 2021, and the Decision EGMS 2019 dated November 27, 2019,
         effective from the c losing of the GMS, with gratitude for the contribution of energy and thoughts given during his tenure as
         the Company's Management.

3.   Changing the nomenclature of positions of members of the Company's Board of Directors as follows:


      No.                            Past                                                            Then

       1.    Director of Distribution and Funding                      Director of Distribution and Institutional Funding

       2.    Director of IT and Digital                                Director of Information Technology

       3.    Director of Institutional Banking                         Director of Operations and Customer Experience

       4.    -                                                         Director of SME and Retail Funding

4.   To assign the following names as Members of the Company's Board of Directors:


      No.            Name                                 Past                                              Then

       1.    Mr. Andi Nirwoto             Director of IT and Digital             Director of Information Technology

       2.    Mr. Hakim Putratama          Director of Institutional Banking      Director of Operations and Customer Experience

     who were appointed respectively based on the Decision of the 2023 Extraordinary General Meeting of Shareholders dated
     January 11, 2023 and the Decision of the 2022 Financial Year General Meeting of Shareholders dated March 16, 2023, with a term
     of office continuing the remaining term of office based on the said General Meeting of Shareholders.

5.   Appoint the following names as Directors of the Company:
     1) Mrs. Elisabeth Novie Riswanti – as Director of Assets Management;
     2) Mr. Hirwandi Gafar – as Director of Consumer;
     3) Mr. Jasmin – as Director of Distribution and Institutional Funding;
     4) Mr. Setiyo Wibowo – as Director of Risk Management;
     5) Mr. Muhammad Iqbal – as Director of SME and Retail Funding;
     6) Mr. Chandra M. Hamzah – as President Commissioner/Independent;
     7) Mr. Bambang Widjanarko – as Independent Commissioner;
     8) Mr. Armand B. Arief – as Independent Commissioner;
     9) Mr. Adi Sulistyowati – as Independent Commissioner;
     10) Mr. Andin Hadiyanto – as Commissioner;




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                                                          Seventh Agenda

6.    The term of office of the members of the Board of Directors and Board of Commissioners appointed as referred to in point 5,
      is in accordance with the provisions of the Company's Articles of Association, considering laws and regulations in the Capital
      Market sector and without reducing the right of the GMS to be dismissed at any time.

7.    With the confirmation of the dismissal, termination, change in job nomenclature, transfer of duties, and appointment of
      members of the Company's Board of Directors and Board of Commissioners as referred to in number 1, number 2, number 3,
      number 4, and number 5, the composition of the members of the Company's Board of Directors and Board of Commissioners
      is as follows:
      a. Board of Directors
           1) President Director: Nixon L.P. Napitupulu
           2) Deputy President Director: Oni Febriarto Rahardjo
           3) Finance Director: Nofry Rony Poetra
           4) Assets Management Director: Elisabeth Novie Riswanti
           5) Human Capital, Compliance, and Legal Director: Eko Waluyo
           6) Risk Management Director: Setiyo Wibowo
           7) Distribution and Institutional Funding Director: Jasmin
           8) Information Technology Director: Andi Nirwoto
           9) Consumer Director: Hirwandi Gafar
           10) Operations and Customer Experience Director: Hakim Putratama
           11) SME and Retail Funding Director: Muhammad Iqbal
      b. Board of Commissioners
           1) Main Commissioner/Independent: Chandra M. Hamzah
           2) Deputy Main Commissioner/Independent: Iqbal Latanro
           3) Independent Commissioner: Bambang Widjanarko
           4) Independent Commissioner: Armand B. Arief
           5) Independent Commissioner: Sentot A. Sentausa
           6) Independent Commissioner: Adi Sulistyowati
           7) Commissioner: Andin Hadiyanto
           8) Commissioner: Herry Trisaputra Zuna
           9) Commissioner: Himawan Arief Sugoto

8.    Members of the Board of Directors and Board of Commissioners appointed as referred to in number 5 points 5), 7), and 9)
      may only carry out their duties after obtaining approval from the Financial Services Authority (OJK) for the Fit and Proper
      Test and complying with applicable laws and regulations. In the event that members of the Board of Directors and Board
      of Commissioners of the Company are later declared not approved as members of the Board of Directors and Board of
      Commissioners in the Fit and Proper Test by the OJK, then the members of the Board of Directors and Board of Commissioners
      of the Company shall be honorably dismissed as of the date of the stipulation of the decision on the results of the OJK Fit and
      Proper Test.

9.    Members of the Board of Directors and Board of Commissioners appointed as referred to in point 5 who are still holding other
      positions which are prohibited by laws and regulations from being held concurrently with the position of member of the Board
      of Directors or Board of Commissioners of a State-Owned Enterprise, then the person concerned must resign or be dismissed
      from said position.

10. Request the Board of Directors to submit a written application to the Financial Services Authority for the implementation of a
    Fit and Proper Test for members of the Board of Directors and Board of Commissioners appointed as referred to in number 5,
    points 5), 7), and 9).

11.   Granting power of attorney with the right of substitution to the Company's Board of Directors to state the decisions of this GMS
      in the form of a Notarial Deed and to appear before a Notary or authorized official, and to make adjustments or improvements
      as necessary if required by the authorized party for the purposes of implementing the contents of the meeting's decisions.

Status: Realized




Annual GMS 2023 Implementation and Realization


        Stages                                                           Description

Notification              The Letter Number 151/DIR/CSD/I/2023 dated January 26, 2023 concerning the Submission of the
                          Implementation Date and Agenda of the 2022 Annual GMS of PT Bank Tabungan Negara (Persero)
                          Tbk submitted to the OJK with a copy to PT Bursa Efek Indonesia, PT Kustodian Sentral Efek Indonesia,
                          PT Datindo Entrycom, and the Company’s Board of Commissioners.

Announcement              Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
                          website dated February 7, 2023.

Invitation                Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
                          website dated February 22, 2023.




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         Stages                                                             Description

 Implementation              The GMS was held on Thursday, dated March 16, 2023 at 14.33 WIB – 17.18 WIB at the BTN Tower Building, 6th
                             floor Jl. Gajah Mada No. 1 Central Jakarta 10130

 Summary of GMS              Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
 Minutes                     website dated March 17, 2023.

 GMS Minutes                 The Letter Number 508/CSD/RCD/IV/2023 dated April 12, 2023 concerning the Submission of the Deed
                             of Minutes of the 2023 Annual General Meeting of Shareholders (AGMS) of PT Bank Tabungan Negara
                             (Persero) Tbk submitted to the OJK dated April 12, 2023.




Recapitulation of Attendance at the 2023 Annual GMS

The meeting was chaired by Chandra M. Hamzah, as the President Commissioner/Independent, in accordance with
the decision of the Board of Commissioners Meeting dated March 08, 2023, which was conveyed by the letter of Board
of Commissioners No. 46/KOM/ BTN/III/2023 dated March 08, 2023 concerning the Chairman of the Annual General
Meeting of Shareholders Year 2022 of PT Bank Tabungan Negara (Persero) Tbk, and attended by all members of Board of
Commissioners, all members of Board of Directors and all members of the Company’s Audit Committee, listed as follows:



 No.                       Name                                                   Position                            Attendance

   1.   Chandra M. Hamzah                            President Commissioner/ Independent                                 Present

  2.    Iqbal Latanro                                Vice-President Commissioner/Independent                             Present

  3.    Ahdi Jumhari Luddin*                         Independent Commissioner                                            Present

  4.    Armand B. Arief                              Independent Commissioner                                            Present

  5.    Sentot A. Sentausa                           Independent Commissioner                                            Present

  6.    Andin Hadiyanto                              Commissioner                                                        Present

   7.   Herry Trisaputra Zuna*                       Commissioner                                                        Present

  8.    Himawan Arief Sugoto                         Commissioner                                                        Present

  9.    Mohamad Yusuf Permana*                       Commissioner                                                        Present

  10.   Haru Koesmahargyo                            President Director                                                  Present

  11.   Nixon L.P. Napitupulu                        Vice President Director                                             Present

  12.   Andi Nirwoto                                 Director of IT and Digital                                          Present

  13.   Elisabeth Novie Riswanti                     Director of Assets Management                                       Present

  14.   Jasmin                                       Director of Distribution and Funding                                Present

  15.   Setiyo Wibowo                                Director of Risk Management                                         Present

  16.   Hirwandi Gafar                               Director of Consumer                                                Present

  17.   Nofry Rony Poetra                            Director of Finance                                                 Present

  18.   Eko Waluyo                                   Director of Human Capital, Compliance, and Legal                    Present

  19.   Endang A. Suprijatna                         Member of the Audit Committee                                       Present

  20.   Peter Eko Budi Darwito                       Member of the Audit Committee                                       Present

* Attended the meeting via video teleconference.



Independent Party Counting and/or Validating Votes

The results of decision-making are calculated by PT Datindo Entrycom as Securities Administration Bureau (“BAE”) and
then validated by Notary Ashoya Ratam, S.H., M.Kn, both of whom were appointed by the Company.



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Resolutions and Realization of the 2024 Annual GMS


                                                              First Agenda

Approval of the Annual Report and Ratification of the Company's Financial Statements, Approval of the Board of Commissioners'
Supervisory Tasks Report and Ratification of the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the
2023 Financial Year as well as Full Settlement and Release of Responsibility (volledig acquit et de charge) to the Board of Directors for
the Company's Management Actions and the Board of Commissioners for the Company's Supervisory Actions that have been carried
out during the 2023 Financial Year.

There were 4 (four) shareholders who submitted questions, opinions, and/or suggestions regarding the first agenda of the Meeting.
The summary and essence of the question-and-answer process for the agenda are as follows:


 No.                      Feedback/Questions                                                        Answers

  1.   To improve the Company's performance and the                         Thank you Series A Dwiwarna Shareholders for your
       effectiveness of coaching of PT Bank Tabungan Negara                 feedback. The Company will note and follow up on the notes
       (Persero) Tbk ("BTN"), we hereby submit the response of the          from Series A Dwiwarna Shareholders
       Series A Dwiwarna Shareholders as follows:
       1. For the Company's performance achievements in
           the 2022 Financial Year, we would like to express our
           gratitude and appreciation to all levels of the Board of
           Commissioners, Directors, and BTN Employees for:
           a. Improving          the      Company's           performance
               achievements and commitment in maintaining the
               Bank's sustainability amidst the global economic
               downturn following the Covid-19 pandemic,
               including:
               1) The Company's Net Profit increased by 28.14%
                   yoy or reached IDR 3,045 billion.
               2)   Total loan grew by 8.53% yoy from IDR 274.8
                   trillion to IDR 298.3 trillion.
               3) Third Party Funds grew by 8.77% from IDR 296.0
                   trillion in 2021 to IDR 321.9 trillion in 2022.
               4) Cost of Fund improved from 3.13% to 2.60%.
               5) Cost efficiency as indicated by the decrease in
                   the BOPO ratio from 89.28% to 86.00%.
               These performance achievements should be
               improved in the next period so that the company
               can contribute more optimally to shareholder
               returns.

            b.  The Company's success in implementing the Rights
                Issue with an oversubscribed portion for public
                shareholders of 1.6 times. This shows investors'
                confidence in BTN's future performance prospects
                which are expected to continue to grow and be
                sustainable through increasing the capacity of
                housing financing distribution in Indonesia.
       2.   Matters that require the attention of the Board of
            Commissioners and Directors of BTN to improve future
            performance are as follows:
            a. Anticipating the uncertain global economic
                conditions in 2023 which will potentially cause a
                decrease in loan demand, rising interest rate trends
                and inflationary pressures, the Company should
                establish a more selective loan distribution strategy,
                implement sustainable loan risk management, and
                optimal liquidity management.
            b. Anticipating a decrease in loan quality due to the
                end of the relaxation period, the Company should
                maintain an adequate coverage ratio through the
                formation of CKPN by considering valid and relevant
                internal and external conditions, as well as the
                possibility of a decrease in the quality of the loan
                portfolio beyond predictions. The experience of +/-
                3 (three) years during the pandemic is expected to
                be a lesson learned for BTN in determining strategies
                and managing business risks in the future.




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No.                      Feedback/Questions                                                        Answers

      c.   Sharpening the strategy in reducing the cost of funds by
           focusing on low-cost funding on low-cost fund products
           (CASA) through optimal services for customers and
           reliable e-channel support and re-negotiating and
           reprofiling the interest rates of 50 Core Depositors during
           the extension to maintain the cost of funds at an optimal
           level.
      d.    Developing e-channels to focus on the most valuable
           product (MVP) that is tailored to customer needs and
           continuously monitoring the suitability between the
           achievement of promised benefits and the quality and
           time targets that have been determined.
      e.    Developing strategies in the retail transaction segment,
           e-channel transactions, and digital mortgages as
           an effort to increase fee-based income to create a
           competitive advantage in the property and housing
           financing segment.
      f.    Maintaining commitment to developing ESG initiatives,
           including through the Company's work program, loan
           distribution and issuance of debt securities based on
           the principle of green financing.
      g.    Completing follow-up actions on internal and external
           audit/examination findings, optimizing the effectiveness
           of the implementation of the three lines of defense in
           the Company's operations, and always prioritizing the
           principles of good corporate governance and provisions
           on Anti-Money Laundering and Prevention of Terrorism
           Funding (AML CFT).

 2.   1.   How is the synergy between High Yield Loan (KTA)              1.   The Company has an opportunity of 600,000 potential
           acquisition and payroll to increase CASA?                          customers who can be offered top-up credit with a
      2.    Can NIM be maintained at around 4% with increasing                higher margin (KUR, KAR, and KRING). Currently, the
           Cost of Loan/ Cost of Fund?                                        Company is conducting a trial with a simpler and faster
                                                                              process with the Teken Aja technology, which does not
                                                                              go through an application process, but with an offer.
                                                                              This process is in the finalization process and will be
                                                                              rolled out soon, because it is expected to increase high-
                                                                              margin credit.
                                                                         2.   Regarding CASA, the Company is currently developing
                                                                              several savings products, namely BTN Bisnis. The growth
                                                                              of this BTN Bisnis product continues to be pursued,
                                                                              until as of December 31, 2022, IDR 2 trillion has been
                                                                              collected. This strategy is in line with the efforts made
                                                                              by the Company to continue to increase the value chain
                                                                              related to the housing business.
                                                                         3.   NIM will still be maintained at around 4% - 4.4%. The
                                                                              Company has several high-margin credit products,
                                                                              namely KPR BTN Subsidized Interest Difference (SSB).

 3.   The Company's profit amounted to IDR 3.04 trillion because it      The first agenda of the Meeting is related to the financial
      involved several loan accounts questioned by Shareholders.         report that has considered accounting principles and has
                                                                         been audited by an independent Public Accounting Firm
                                                                         (KAP). Before providing an audit opinion, KAP has discussed
                                                                         with the regulator. Other matters are not directly related to
                                                                         the agenda of the Meeting.


Voting Result
Agree		              : 10.356.519.438 (99,4981302%)
Disagree		           : 21.062 (0,0002023%)
Abstain		            : 52.217.346 (0,5016674%)

Decisions
1. Approve the Company’s Annual Report including the Company’s Board of Commissioners’ Supervisory Duties Report for the
   2022 Financial Year ending on December 31, 2022.
2. Ratify:
   a. The Company’s Financial Statement for the 2022 Financial Year ending on December 31, 2022, which has been audited
       by the Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja in accordance with Report Number 00082/2.1032/
       AU.1/07/0240-3/1/II/2023 dated February 17, 2023.
   b. The Financial Statement of the Micro and Small Business Funding Program for the 2022 Financial Year ending on December
       31, 2022, which has been audited by the Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja in accordance with
       Report Number 00083/2.1032/AU.2/07/0240-2/1/II/2023 dated February 17, 2023, both with a fair opinion in all material
       respects.




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3.   With the approval of the Company's Annual Report including the Board of Commissioners' Supervisory Task Report, and the
     ratification of the Company's Financial Report and the Financial Report of the Micro and Small Business Funding Program
     (PUMK), all for the 2022 Financial Year ending on December 31, 2022, the GMS grants full release and discharge of responsibility
     (volledig acquit et de charge) to all members of the Board of Directors for their management actions of the Company and to
     all members of the Board of Commissioners for their supervision actions of the Company that have been carried out during
     the 2022 Financial Year ending on December 31, 2022, as long as such actions do not constitute a criminal act and are reflected
     in the report above.

Status: Realized



                                                         Second Agenda

Approval of the use of the Company's net profit for the 2022 Financial Year

There is 1 (one) shareholder who submits a question, opinion and/or suggestion, but contains a stance that will be decided in a
vote.

Voting Result
Agree		              : 10.403.502.187 (99,9495073%)
Disagree		           : 21.062 (0,0002023%)
Abstain		            : 5.234.597 (0,0502903%)

Decisions
Approve and determine the use of the Company's net profit for the 2022 Financial Year amounting to IDR 3,045,071,859,198,- (three
trillion forty-five billion seventy-one million eight hundred fifty-nine thousand one hundred and ninety-eight in IDR) as follows:
1. 20% (twenty percent) or Rp. 609,014,371,840,- (six hundred nine billion fourteen million three hundred seventy one thousand
      eight hundred and forty in IDR) as Cash Dividends to shareholders which will be paid with the following provisions:
      a. Dividends from the Government of the Republic of Indonesia for ownership of 60% (sixty percent) of shares amounting
           to Rp365,408,623,104,- (three hundred sixty five billion four hundred eight million six hundred twenty three thousand one
           hundred and four in IDR), will be deposited into the State General Treasury Account in Rupiah currency.
      b. Dividends from other shareholders for ownership of 40% (forty percent) of public shares amounting to Rp243,605,748,736,-
           (two hundred forty three billion six hundred five million seven hundred forty eight thousand seven hundred and thirty six in
           IDR) will be paid to shareholders proportionally according to share ownership.
      c. Granting authority and power to the Company's Board of Directors with the right of substitution to determine the schedule
           and procedures for distribution of dividends for the 2022 Financial Year in accordance with applicable provisions.
2. 80% (eighty percent) or Rp2,436,057,487,358,- (two trillion four hundred thirty six billion fifty seven million four hundred eighty
      seven thousand three hundred fifty eight in IDR) as Retained Earnings balance.




                                                           Third Agenda

Determination of remuneration (salary/honorarium, facilities and allowances) for 2023 and Tantiem for the 2022 Financial Year for
the Company's Board of Directors and Board of Commissioners.

There were no interrogators in the discussion of the third agenda item of the Meeting

Voting Result
Agree		              : 10.403.002.553 (99,9447072%)
Disagree		           : 531.596 (0,0051072%)
Abstain		            : 5.223.697 (0,0501856%)

Decisions
1. Granting authority and power to the Company’s Series A Dwiwarna Shareholders to determine the amount of bonuses for the
   2022 Financial Year and salary/honorarium, facilities and allowances for the 2023 Financial Year for members of the Board of
   Commissioners.
2. Granting authority and power to the Company’s Board of Commissioners by first obtaining written approval from the
   Company’s Series A Dwiwarna Shareholders to determine the amount of bonuses for the 2022 Financial Year and salary/
   honorarium, facilities and allowances for the 2023 Financial Year for members of the Board of Directors.




                                                          Fourth Agenda

Appointment of a Public Accountant (AP) and/or Public Accounting Firm (KAP) to audit the Company's Financial Report and the
Financial Report of the Micro and Small Business Funding Program (PUMK) for the 2023 Financial Year.

There were no interrogators in the discussion of the fourth agenda item of the Meeting.




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                                                          Fourth Agenda

Voting Result
Agree		              : 9.952.426.675 (95,6158921%)
Disagree		           : 451.099.682 (4,3338474%)
Abstain		            : 5.231.489 (0,0502605%)

Decisions
1. Appoint Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja (Ernst & Young Global Limited) as the Public Accounting
   Firm that will audit the Company’s Financial Statements and the Financial Statements of the Micro and Small Business Funding
   Program (PUMK) and other reports for the 2023 Financial Year.
2. Grant authority and power to the Company’s Board of Commissioners to appoint a Public Accounting Firm to conduct an
   audit of the Company’s Financial Statements for other periods in the 2023 Financial Year for the purposes and interests of the
   Company.
3. Grant authority and power to the Company’s Board of Commissioners to determine the audit fee and other requirements for
   the KAP, and to appoint a replacement Public Accounting Firm in the event that KAP Purwantono, Sungkoro & Surja (Ernst &
   Young Global Limited) for any reason cannot complete the audit of the Company’s Financial Statements and the Financial
   Statements of the Micro and Small Business Funding Program (PUMK) for the 2023 Financial Year, including determining the
   audit fee and other requirements for the replacement Public Accounting Firm.




                                                           Fifth Agenda

Approval of the Company's Resolution Plan.

There were no interogators in the discussion of the fifth agenda item of the Meeting.

Voting Result
Agree		              : 10.403.476.130 (99,9492570%)
Disagree		           : 38.600 (0,0003708%)
Abstain		            : 5.243.116 (0,0503722%)

Decisions
Approving the 2022-2024 Resolution Plan prepared by the Company in accordance with Law Number 9 of 2016 concerning
Prevention and Handling of Financial System Crises as amended by Law Number 4 of 2023 concerning Development and
Strengthening of the Financial Sector and Regulation of the Deposit Insurance Agency Number 1 of 2021 concerning Resolution
Plans for Commercial Banks.




                                                           Sixth Agenda

Report on the Realization of the Use of Proceeds from the Continuous Public Offering of Bank BTN's Continuous Bonds IV Phase II in 2022
and Additional Capital by Providing Preemptive Rights for Limited Public Offering II (PMHMETD II).

The sixth agenda item of the Meeting was a nature report so there was no question-and-answer session.

Voting Result
The sixth agenda item of the Meeting was a nature report, so no decisions were taken.

Decision
The sixth agenda item of the Meeting was a nature report, so no decisions were taken.




                                                         Seventh Agenda

Approval of Amendments to the Company's Articles of Association.

There were no interogators in the discussion of the seventh agenda item of the Meeting.

Voting Result
Agree		              : 9.301.715.765 (89,3643209%)
Disagree		           : 1.101.810.492 (10,5854177%)
Abstain		            : 5.231.589 (0,0502614%)




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                                                        Seventh Agenda

Decisions
1. Approve changes to the Company’s Articles of Association in order to:
   a. Adjustment of provisions related to the Company’s business activities as referred to Article 3 of the Company’s Articles of
       Association refers to Law of the Republic of Indonesia Number 4 of 2023 concerning the Development and Strengthening
       of the Financial Sector, and Regulation of the Central Statistics Agency Number 2 of 2020 concerning the Standard
       Classification of Indonesian Business Fields.
   b. Improvement of the Company’s Articles of Association in accordance with statutory provisions.
2. Approve to re-draft all provisions in the Articles of Association in connection with the changes as referred to point 1 of the
   decision above.
3. Grant power and authority to the Company’s Board of Directors with the right of substitution to take all necessary actions
   related to the decisions of the agenda of this Meeting, including drafting and restating the entire Articles of Association of the
   Company in a Notarial Deed and granting power with the right of substitution to submit to the authorized agency to obtain
   approval and/or receipt of notification of changes to the Articles of Association of the Company, to do everything deemed
   necessary and useful for such purposes with none being excluded, including to make additions and/or changes to the Articles
   of Association of the Company if such is required by the authorized agency.




                                                         Eighth Agenda

Changes to the Composition and Determination of Remuneration of the Sharia Supervisory Board of the Company's UUS.

There were no interogators in the discussion of the eighth agenda item of the Meeting.

Voting Result
Agree		             : 9.272.476.500 (89,0834107%)
Disagree		          : 1.131.049.757 (10,8663279%)
Abstain		           : 5.231.589 (0,0502614%)

Decisions
1. Approve and ratify the honorable dismissal of Muhammad Quraish Shihab as Chairman of the Company’s Sharia Supervisory
   Board and Mohamad Hidayat as Member of the Company’s Sharia Supervisory Board, with gratitude for all their contributions
   of energy and thoughts during their tenure.
2. Approve and ratify the reappointment of Muhammad Quraish Shihab as Chairman of the Company’s Sharia Supervisory
   Board for the second term and will be effective after obtaining approval from the Financial Services Authority.
3. The end of the term of office of the members of the Company’s Sharia Supervisory Board as referred to in the second point
   above is until the closing of the 5th Annual GMS since the appointment of the person concerned, namely the GMS held in 2028,
   with due regard to laws and regulations and without reducing the right of the GMS to dismiss at any time.
4. Approve the delegation of authority to the Company’s Board of Commissioners to appoint other Sharia Supervisory Board
   Members if necessary to complete the composition of the Sharia Supervisory Board Members and determine the remuneration
   of the Company’s Sharia Supervisory Board in order to supervise the Company’s business activities based on sharia principles.
5. Grant power and authority to the Company’s Board of Directors with the right of substitution to take all necessary actions
   related to the decisions of this agenda item in accordance with laws and regulations, including to state in a separate Notarial
   Deed and notify the composition of the Company’s Sharia Supervisory Board to the Minister of Law and Human Rights.




                                                          Ninth Agenda

Changes to the Company's Management Composition.

There were no interogators in the discussion of the ninth agenda item of the Meeting.

Voting Result
Agree		             : 9.268.759.831 (89,0477036%)
Disagree		          : 1.134.636.387 (10,9007857%)
Abstain		           : 5.361.628 (0,0515107%)

Decisions
1. Honorably dismiss Haru Koesmahargyo as the Company’s President Director who was appointed based on the Resolution of
   the 2020 Annual GMS dated March 10, 2021, effective as of the closing of the GMS, with gratitude for the contribution of energy
   and thoughts given during his tenure as the Company’s Management.
2. Transferring the assignment of Mr. Nixon L. P. Napitupulu who was appointed based on the Resolution of the Annual GMS for
   the 2021 Financial Year dated March 2, 2022, originally as Deputy President Director to President Director of the Company, with
   a term of office continuing the remaining term of office in accordance with the Resolution of the GMS appointing the person
   concerned.
3. Appoint the names below as the Company’s Management:
   a. Oni Febriarto Rahardjo - as Deputy President Director;
   b. Hakim Putratama - as Director of Institutional Banking




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                                                                   Ninth Agenda

4.        The term of office of the members of the Board of Directors appointed as referred to in point 3, is in accordance with the provisions of
          the Company’s Articles of Association, taking into account laws and regulations in the Capital Market sector and without reducing
          the right of the GMS to dismiss at any time.
5.        With the dismissal, transfer of duties and appointment of members of the Board of Directors as referred to in number 1, number 2
          and number 3, the composition of the Company’s Board of Directors membership will be as follows:
          a. President Director: Nixon L.P. Napitupulu
          b. Deputy President Director: Oni Febriarto Rahardjo
          c. Director of Finance: Nofry Rony Poetra
          d. Director of Assets Management: Elisabeth Novie Riswanti
          e. Director of Human Capital, Compliance, & Legal: Eko Waluyo
          f.   Director of Risk Management: Setiyo Wibowo
          g. Director of Distribution & Funding: Jasmin
          h. Director of IT & Digital: Andi Nirwoto
          i.   Director of Consumer: Hirwandi Gafar
          j.   Director of Institutional Banking: Hakim Putratama
6.        Members of the Board of Directors who are transferred as referred to in number 2 and appointed as referred to in number 3
          may only carry out their duties after obtaining approval from the Financial Services Authority (OJK) for the Fit & Proper Test and
          complying with applicable laws and regulations. In the event that a member of the Company’s Board of Directors is later declared
          not approved as a member of the Board of Directors in the Fit & Proper Test by the OJK, then the member of the Company’s Board
          of Directors is honorably dismissed as of the date of the stipulation of the decision on the results of the OJK Fit & Proper Test.
7.        Members of the Board of Directors appointed as referred to in point 3 who are still holding other positions which are prohibited
          by statutory regulations from being held concurrently with the position of member of the Board of Directors of a State-Owned
          Enterprise, then the person concerned must resign or be dismissed from said position.
8.        Request the Board of Directors to submit a written application to the Financial Services Authority for the implementation of a Fit and
          Proper Test for members of the Board of Directors who are transferred as referred to in number 2 and appointed as referred to in
          number 3.
9.        Granting power of attorney with the right of substitution to the Company’s Board of Directors to state the decisions of this GMS in
          the form of a Notarial Deed and to appear before a Notary or authorized official, and to make adjustments or improvements as
          necessary if required by the authorized party for the purposes of implementing the contents of the meeting’s decisions.



Implementation of the 2023 Extraordinary GMS and its Realization


                Stages                                                                 Details

Notification                          Letter Number 704/DIR/CSD/XI/2022 dated November 24, 2022 concerning Submission of the
                                      Implementation Date and Agenda for the Extraordinary GMS of PT Bank Tabungan Negara (Persero)
                                      Tbk submitted to the OJK with copies of PT Bursa Efek Indonesia, PT Kustodian Sentral Efek Indonesia,
                                      PT Datindo Entrycom, and the Board of Commissioners of the Company.

Announcement                          Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
                                      website dated December 5, 2022.

Invitation                            Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
                                      website dated December 20, 2022.

Implementation                        The GMS was held on Wednesday, dated January 11, 2023 at 14.36 WIB – 15.10 WIB at the BTN Tower
                                      Building, 6th floor Jl. Gajah Mada No. 1 Central Jakarta 10130.

Summary of GMS Minutes                Published on the e-GMS provider website, the Indonesia Stock Exchange website, and the Company
                                      website dated January 12, 2023.

GMS Minutes                           Letter Number 91/CSD/RCD/II/2023 dated February 3, 2023 concerning Submission of the Deed of
                                      Minutes of the 2023 Extraordinary General Meeting of Shareholders (EGMS) of PT Bank Tabungan
                                      Negara (Persero) Tbk submitted to the OJK dated February 3, 2023.



Recapitulation of Attendance at the 2023 Extraordinary GMS


 No.                          Name                                                  Position                                   Attendance

     1.     Chandra Hamzah                               President Commissioner/Independent                                        Present

 2.         Iqbal Latanro                                Vice President Commissioner/Independent                                   Present

 3.         Ahdi Jumhari Luddin                          Independent Commissioner                                                  Present




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 No.                      Name                                                 Position                            Attendance

  4.    Armand B. Arief                           Independent Commissioner                                                Present

  5.    Sentot A. Sentausa                        Independent Commissioner                                                Present

  6.    Andin Hadiyanto                           Commissioner                                                            Present

  7.    Herry Trisaputra Zuna                     Commissioner                                                            Present

  8.    Himawan Arief Sugoto*                     Commissioner                                                            Present

  9.    Haru Koesmahargyo                         President Director                                                      Present

 10.    Nixon L.P. Napitupulu                     Vice President Director                                                 Present

  11.   Nofry Rony Poetra                         Direktur Finance                                                        Present

 12.    Eko Waluyo                                Director of Human Capital, Compliance and Legal                         Present

 13.    Setiyo Wibowo                             Director of Risk Management                                             Present

 14.    Jasmin                                    Director of Distribution and Funding                                    Present

 15.    Andi Nirwoto                              Director of IT and Digital                                              Present

 16.    Hirwandi Gafar                            Director of Consumer                                                    Present

  17.   Elisabeth Novie Riswanti                  Director of Assets Management                                           Present

 18.    Adi Prakoso                               Audit Committee Member                                                  Present

 19.    Peter Eko Budi Darwito                    Audit Committee Member                                                  Present




Independent Party Counting and/or Validating Votes

The vote count was carried out by an independent party appointed by the Company, namely PT Datindo Entrycom as
the Securities Administration Bureau and subsequently validated by Notary Yumna Shabrina, S.H. M.Kn. as Subtitute
Notary of Ashoya Ratam, SH, M.Kn.


Resolutions and Realization of the 2023 Extraordinary GMS


                                                              Agenda

 Approval of Changes in the Company’s Management Composition.

 The Minutes of Meeting stated that there was no questioner in the agenda of the meeting.

 Voting Results
 Agree		               : 6.571.532.367 (88,5436487%)
 Disagree		            : 826.139.714 (11,1312584%)
 Abstain		             : 24.127.749 (0,3250930%)

 Resolutions
 1. Confirmed the honourable dismissal of Mr. Heru Budi Hartono as Commissioner of the Company appointed based on the 2019
    EGMS dated November 27, 2019, effective October 17, 2022, with gratitude for the contribution of energy and thoughts given
    while serving as Commissioner of the Company.
 2. Apponited Mr. Mohammad Yusuf Permana as Commissioner of the Company.
 3. Honourably dismissed Mr. Andi Nirwoto as Director of IT & Digital appointed based on the 2018 GMS dated March 23, 2018 jo.
    EGMS 2019 dated November 27, 2019 jo. Annual GMS for Fiscal Year 2021 dated March 2, 2022, with gratitude for the contribution
    of energy and thoughts given while serving as Management of the Company.
 4. Appointed Mr. Andi Nirwoto as Director of IT & Digital.
 5. The term of office of members of the Board of Commissioners and Board of Directors appointed as referred to in points 2 and
    4, in accordance with the provisions of the Company’s Articles of Association, taking into account the laws and regulations in
    the Capital Market and without prejudice to the right of the GMS to dismiss at any time.




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                                                              Agenda

 6.  With the confirmation of the dismissal and appointment of members of the Board of Commissioners and Board of Directors as
     referred to in points 1, 2, 3, and 4, the composition of the membership of the Company’s Board of Commissioners and Directors
     shall be as follows:
     a. Board of Commissioners
           - President Commissioner/Independent Commissioner: Chandra Hamzah
           - Vice President Commissioner/Independent Commissioner : lqbal Latanro
           - Commissioner : Andin Hadiyanto
           - Commissioner : Herry Trisaputra Zuna
           - Commissioner : Himawan Arief Sugoto
           - Commissioner : Mohamad Yusuf Permana
           - Independent Commissioner : Armand B. Arief
           - Independent Commissioner : Ahdi Jumhari Luddin
           - Independent Commissioner : Sentot A. Sentausa
     b. Board of Directors
           - President Director : Haru Koesmahargyo
           - Vice President Director : Nixon L.P. Napitupulu
           - Director of Finance : Nofry Rony Poetra
           - Director of Assets Management : Elisabeth Novie Riswanti
           - Director of Human Capital, Compliance, & Legal : Eko Waluyo
           - Director of Risk Management : Setiyo Wibowo
           - Director of Distribution & Funding : Jasmin
           - Director of IT & Digital : Andi Nirwoto
           - Director of Consumer : Hirwandi Gafar
 7. The appointed members of the Board of Commissioners and Directors as referred to in points 2 and 4 can only carry out
     their duties after obtaining approval from the Financial Services Authority (FSA) for the Fit & Proper Test and complying
     with applicable laws and regulations. If the Board of Commissioners or Board of Directors of the Company is later declared
     disapproved as member of the Board of Commissioners or Board of Directors in the Fit & proper test by FSA, the member of
     the Board of Commissioners or Board of Directors of the Company is honourably dismissed from the date of the decision of
     the FSA Fit & Proper Test results.
 8. The appointed members of the Board of Commissioners and Board of Directors as referred to in points 2 and 4 who are
     still holding in other positions prohibited by laws and regulations to be concurrently serving as members of the Board of
     Commissioners of State-Owned enterprises, the person concerned must resign or be dismissed from their positions.
 9. Requested the Board of Directors to submit the written application to Financial Services Authority for the performance of the Fit
     and Proper Test to the appointed members of the Board of Directors and Baord of Commissioners as referred to in point 2 and 4.
 10. Granted authority to the Board of Directors of the Company to restate the resolutions taken in this GMS in the form of a Notarial
     Deed and appear before a Notary or authorized official, and prepare the necessary adjustments or corrections as required by
     the competent authority for the implementation of contents of the meeting resolutions.



GMS Decisions in the Fiscal Year and 1 (One)                          Duties and Responsibilities of the Board of
Year Prior To the Fiscal Year Which Are                               Directors
Realised in the Fiscal Year
                                                                      The Board of Directors is responsible for implementing
All decisions of the 2024 Financial Year GMS and the                  all actions regarding the operations and responsibility
2023 Financial Year GMS have been realized. So there is               of the Company’s management for the Company’s
no 2023 GMS that has not been realized at the 2024 GMS.               benefit in compliance with the Company’s purposes
                                                                      and objectives and to represent the Company, both
                                                                      inside and outside the Court regarding all matters and
Board of Directors                                                    all occurrences with limitations as regulated in the laws,
                                                                      Articles of Association, and/or GMS resolutions.
The Board of Directors is an organ in Corporate
Governance implementation that is fully responsible                   The President Director serves as Coordinator of the
for the management of the Company for the interests                   Board of Directors with the following duties:
and objectives of the Company and serves as a legal                   1. To lead the Board of Directors meetings.
representative of the Company concerning every matter                 2. To create a Culture of Transparency and to facilitate
and case with some restrictions as regulated by the                      constructive discussion.
laws, the Articles of Association of the Company, and/or              3. To provide advice to members of the Board
the GMS resolutions. The Board of Directors is responsible               of Directors related to the effectiveness of the
for managing and determining the Company’s strategic                     management.
direction, utilizing and maintaining the Company’s                    4. To maintain good relations and solidarity among
assets for the purposes and interests of the Company.                    the members of the Board of Directors regarding
Henceforth, the Board of Directors shall report the                      management duties.
implementation of its duties and responsibilities to the              5. To maintain an effective and healthy relationship
Board of Commissioners.                                                  with the Board of Commissioners.



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Each member of the Board of Directors is fully liable             Duties and Responsibilities of the Director Supervising
for any loss of the Company caused by inaccuracies                the Compliance Function at least include:
or negligence from members of the Board of Directors              1. Formulating strategies to empower the Culture of
in performing their duties. A member of the Board of                  Compliance;
Directors is not to be held accountable for the loss as           2. Proposing Compliance policies or other Compliance
mentioned above if proven that:                                       principles that shall be set forth by the Board of
1. The loss is not caused by his/her fault or negligence.             Directors.
2. The Director has conducted managerial undertakings             3. Establishing the Compliance System and procedures
    in good faith and with prudence that is consistent                that shall be used to compile the Company’s internal
    with the Company’s goals and objectives.                          guidelines and regulations.
3. The Director has no conflict of interest, be it directly       4. Ensuring every policy, regulation, system, and
    or indirectly regarding the management’s action                   procedure, as well as business activities conducted
    that resulted in this loss.                                       by the Bank, has been outlined in accordance with
4. The Director has taken necessary measures to                       the Bank Indonesia Regulations, Financial Services
    prevent this loss from arising or continuing.                     Authority, and all prevailing regulations and
                                                                      legislation, including Sharia Principles for Sharia
The President Director is the Coordinator of the Board of             Principles for Sharia Business Unit.
Directors, with the following duties:                             5. Minimizing the Company’s Compliance Risks.
1. Leading the Board of Directors meeting;                        6. Taking preventive actions to have the policies and/
2. Creating a culture of openness and facilitating                    or decisions made by the Bank’s Board of Directors
    constructive discussions;                                         aligned with the provisions of Bank Indonesia and all
3. Providing advice to members of the Board of Directors              prevailing laws and regulations.
    regarding the effectiveness of the implementation of          7. Performing other tasks related to the Compliance
    management tasks;                                                 Function.
4. Maintaining relationships and solidarity among                 8. Reporting the implementation of duties and
    fellow members of the Board of Directors regarding                responsibilities to the President Director, with a
    the implementation of management tasks; and                       carbon copy to the Board of Commissioners being
5. Maintaining effective and healthy relationships with               reported at least quarterly.
    the Board of Commissioners.


Duties and Responsibilities of Each Board of Directors


         Name                           Position                                        Field of Work

 Nixon L.P. Napitupulu      President director                The President Director supervises the areas:
                                                              a. Consumer
                                                              b. SME and Retail Funding
                                                              c. Finance
                                                              d. Information Technology
                                                              e. Risk Management
                                                              f. SEVP Digital Business
                                                              g. Internal Audit (IAD)
                                                              h. Corporate Secretary (CSD)

 Oni Febriarto Rahardjo     Deputy President Director         Wakil Direktur Utama menyupervisi area:
                                                              a. Distribution and Institutional Funding
                                                              b. Assets Management
                                                              c. Human Capital, Compliance, and Legal
                                                              d. Operations & Customer Experience
                                                              e. SEVP Wholesale Banking
                                                              f. Marketing Communication (MCD)

 Nofry Rony Poetra          Director of Finance               The Finance Director supervises:
                                                              a. Treasury (TRSD)
                                                              b. Corporate Strategy & Planning (CSPD)
                                                              c. Finance & Accounting (FAD)
                                                              d. Investor Relations & Research (IRRD)
                                                              e. Financial Institution & capital Market (FICD)

 Elisabeth Novie Riswanti   Director of Assets Management     The Director of Assets Management supervises:
                                                              a. Commercial Asset Management (CAMD )
                                                              b. Consumer Collection, Recovery & Asset Sales 1 (CRSD 1)
                                                              c. Consumer Collection, Recovery & Asset Sales 2 (CRSD 2)
                                                              d. Procurement & Fixed Asset Management (PFAD)




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           Name                              Position                                                 Field of Work

 Eko Waluyo                    Director of Human Capital,               The Director of Human Capital, Compliance, and Legal supervises:
                               Compliance, and Legal                    a. Human Capital Strategy (HCSD)
                                                                        b. Human Capital Management (HCMD)
                                                                        c. Human Capital Business Partner (HCBD)
                                                                        d. Learning Management (LMD)
                                                                        e. Compliance & Governance (CMGD)
                                                                        f. Legal (LGD)

 Setiyo Wibowo                 Director of Risk Management              The Director of Risk Management supervises:
                                                                        a. Retail Credit Risk (RCRD)
                                                                        b. Wholesale Credit Risk (WRD)
                                                                        c. Enterprise Risk Management (ERMD)
                                                                        d. Digital Operational Risk Management (DORD)
                                                                        e. Transformation & Partnership Management (TPMD)

 Jasmin                        Director of Distribution and             The Director of Distribution and Institutional Funding supervises
                               Institutional Funding                    a. Large Institutional Funding (LIFD)
                                                                        b. Mid-size Institutional Funding (MIFD)
                                                                        c. Sales & Distribution (SDD)
                                                                        d. Regional Offices (RO)

 Andi Nirwoto                  Director of Information                  The Director of Information Technology supervises:
                               Technology                               a. IT Strategic Planning & Development (ITPD)
                                                                        b. IT Operation (ITOD)
                                                                        c. Data Management & Analytics (DMD)
                                                                        d. IT Security (ITSD)

 Hirwandi Gafar                Director of Consumer                     The Consumer Director supervises:
                                                                        a. Mortgage & Secured Loan (MSLD)
                                                                        b. Subsidized Mortgage (SMD)
                                                                        c. Sharia Banking (SHAD)
                                                                        d. Personal Banking (PBD)

 Hakim Putratama               Director of Operations and               The Director of Operations & Customer Experience supervises:
                               Customer Experience                      a. SEVP Operations
                                                                        b. Customer Experience (CXD)
                                                                        c. Policy & Procedure (PPD)

 Muhammad Iqbal*               Director of SME and Retail               Director of SME & Retail Funding supervises;
                               Funding                                  a. SME Banking (SMBD)
                                                                        b. Retail Funding (RFD)
                                                                        c. Wealth Management (WMD)

* Appointed through the 2024 Annual GMS on March 6, 2024 and has passed the fit and proper test on August 8, 2024.




Rights and Authorities of the Board of Directors

The Board of Directors has the rights and authorities that                    4. To appoint and dismiss the Company’s workers
have been regulated in the Work Guidelines and Manual                            based on the Company’s labor rules and laws and
of the Board of Directors. The rights and authorities of the                     regulations.
Board of Directors are as follows:                                            5. Establishing the function of Corporate Secretary.
1. To establish policies that are considered appropriate                      6. Providing a decision to write off bad debts which
    in the management of the Company.                                            are then reported and accounted for in the Annual
2. To regulate the transfer of power of the Board of                             Report;
    Directors t represent the Company inside and                              7. Not collecting part or all of receivables beyond the
    outside the Court to one or several persons specially                        principal in the context of credit restructuring and/
    appointed for it including the Company’s employees                           or settlement but with the obligation to report to the
    either individually or jointly or other bodies.                              Board of Commissioners;
3. To regulate the provisions regarding the Company’s                         8. Write off receivables for interest, fines, fees and
    employees including the determination of wages,                              other receivables outside the principal amount
    pensions or retirement age insurance, and other                              carried out in the context of restructuring and/or
    income for the Company’s employees based on the                              receivable settlement as well as other actions in
    applicable laws and regulations.                                             the context of resolving the Company’s receivables
                                                                                 while still paying attention to prudential principles;
                                                                                 and



510        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                          2024
                                                                                                  Annual Report




9. Carrying out all actions and other actions regarding               -    Never been a member of the Board of Directors
   the management and ownership of the Company’s                           or member of the Board of Commissioners/
   assets, binding the Company with other parties and/                     Supervisory Board who was found guilty of
   or other parties with the Company, including without                    causing a BUMN, Subsidiary and/or other
   limitation optimizing the utilization of the Company’s                  business entity to be declared bankrupt
   assets, with restrictions as regulated in the statutory                 within 5 (five) years prior to appointment;
   regulations of the Articles of Association and/ or GMS              - Never been convicted of committing a
   decision.                                                               criminal act that is detrimental to the
                                                                           finances of the State, BUMN, Subsidiaries,
Term of Office of the Board of Directors                                   other business entities and/or related to the
                                                                           financial sector within 5 (five) years prior to
The term of office of members of the Board Directors is                    appointment;
determined to be 5 (five) years and can be reappointed                 - Never been a member of the Board of
for 1 (one) term of office. Members of the Board of                        Directors and/or member of the Board of
Directors are appointed for a period of time starting                      Commissioners during his tenure:
from the date determined by the GMS that appoints                          1) Never held an Annual GMS;
them and ending at the closing of the 5th (five) Annual                    2) Never been a member of the Board of
GMS after the date of their appointment, by taking into                        Directors and/or member of the Board of
account the laws and regulations in the Capital Market                         Commissioners;
sector, without prejudices to the right of the GMS to at                   3) Has never been accepted by the GMS or
any time be able to dismiss members of the Board of                            has ever failed to provide accountability
Directors before the end of their term of office.                              as a member of the Board of Directors
                                                                               and/or the Board of Commissioners to the
The Directors’ position ends if they pass away, their term                     GMS; and
of office ends, including resigning from their position,                   4) Never has a company that obtained a
being dismissed based on a GMS Decision, or no longer                          permit, approval or registration from the
meeting the requirements as a Director based on                                FSA failed to fulfill its obligation to submit
the Articles of Association and statutory regulations,                         an annual report and/or financial report
including prohibited holding concurrent positions.                             to the FSA.
                                                                   c. Having good morals and integrity;
Requirements of the Board of Directors                             d. Being capable of doing legal acts;
                                                              2.   Each member of the Board of Directors must meet
The requirements of the Board of Directors that have               the requirements for the fit and proper test in
been regulated in the Work Guidelines and Manual are               accordance with the Financial Services Authority
as follows:                                                        Regulation (POJK) regarding the Fit and Proper Test
1. Legal subjects who can be appointed as members of               for the Key Parties in Financial Services Institutions
    the Board of Directors are natural persons, who fulfill        and have obtained a letter of approval from the
    the requirements at the time of appointment and                Financial Services Authority.
    during their term of office:                              3.   All members of the Board of Directors must be
    a. Fulfill material requirements, ie:                          domiciled in Indonesia. The President Director
        - Expertise;                                               must come from a party who is independent of the
        - Integrity;                                               controlling shareholders.
        - Leadership;                                         4.   The majority of members of the Board of Directors
        - Experience;                                              must have at least 5 (five) years of experience in the
        - Honest;                                                  operational field and at least as an Executive Officer
        - Good attitude; And                                       of the Bank.
        - High dedication to advancing and developing         5.   Each member of the Board of Directors must fulfill
             the Company.                                          other requirements, as follows:
    b. Apart from meet the criteria as intended in point           a. Not an administrator of a political party,
        1 above, to be appointed as a member of the                    legislative candidate, and/or legislative member
        Company’s Board of Directors, a person must                    in the People’s Representative Council, Regional
        fulfill the following formal requirements:                     Representative Council, Provincial Regional
        - Individuals;                                                 People’s Representative Council, and Regency/
        - Able to carry out legal actions;                             Municipal Regional People’s Representative
        - Never been declared bankrupt within 5 (five)                 Council;
             years prior to appointment;




                                                                            PT Bank Tabungan Negara (Persero) Tbk       511
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                                                    Corporate
                                                    Governance




   b. Not a candidate for head/deputy regional head                  e. Not currently holding a position that is prohibited
      and/ or head/deputy regional head, including                      from holding a position as a member of the Board
      acting head/ deputy regional head;                                of Directors according to statutory regulations;
   c. Not serving as a member of the Board of Directors              f. Have dedication and provide full time to carry
      of the relevant BUMN or Subsidiary for 2 (two)                    out their duties as stated in a statement letter
      periods;                                                          from the person concerned;
   d. Not currently serving as an official in a                      g. Physically and spiritually healthy (not currently
      Ministry/Institution, member of the Board of                      suffering from an illness that could hinder the
      Commissioners/Supervisory Board in another                        performance of their duties as a member of
      BUMN, member of the Board of Directors in                         the Board of Directors), as proven by a health
      another BUMN, member of the Board of Directors                    certificate from the hospital; And
      in a Subsidiary and/or other business entity;                  h. Have a Taxpayer Identification Number (NPWP)
                                                                        and have carried out the obligation to pay taxes
                                                                        for the last two years.



Work Guidelines and Manual of the Board of Directors

In carrying out its duties and responsibilities, the Board of Directors refers to the Guidelines and Code of Conduct for
the Board of Directors, which have been ratified through Special Policy Number KK.6-G on the Guidelines and Code of
Conduct for the Board of Directors. Work Guidelines and Manual of the Board of Directors is a governance infrastructure
that serves as a guideline for the Board of Directors in carrying out their duties, authorities, responsibilities, rights,
and obligations as management of the Company. The Board of Directors’ Work Guidelines and Manual is prepared
based on the principles of good governance, referring to the regulations on Limited Liability Companies, the Articles of
Association, and the prevailing laws and regulations that are binding on the Company.
The scope of the Work Guidelines and Manual of the Board of Directors are as follows:


      Chapter I       Introduction

                      Organization and Authority
      Chapter II      A. Organization Within the Scope of the Board of Directors’ Work Code of Conduct
                      B. Organization Authority Scope of the Board of Directors’ Work Code of Conduct

      Chapter III     Values

                      Work Guidelines and Manual of the Board of Directors
                      A. Structure and Composition of the Board of Directors
                      B. Requirements for members of the Board of Directors
                      C. Criteria for Directors Carrying Compliance Functions
                      D. Concurrent Positions of the Board of Directors
                      E. Appointment and Dismissal of the Board of Directors
                      F. Term of Office of the Board of Directors
                      G. Duties and Responsibilities of the Board of Directors
                      H. Obligations of the Board of Directors
                      I. Rights and Authorities of the Board of Directors
                      J. Actions of the Board of Directors that require the approval of the Board of Commissioners
      Chapter IV      K. Mechanism of Distribution of Duties and Authorities of the Board of Directors
                      L. Restrictions
                      M. Transparency
                      N. Work Ethics
                      O. Working Hours
                      P. Meeting Arrangements
                      Q. Leadership
                      R. Performance Evaluation of the Board of Directors
                      S. Reporting and Accountability
                      T. Committees
                      U. Others

      Chapter V       Risks and Mitigation

      Chapter VI      Documentation, Administration and Reporting

    Chapter VII       Monitoring

    Chapter VIII      Closing




512      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                              2024
                                                                                                                      Annual Report




Policy of Concurrent Positions of Directors

Members of the Board of Directors are prohibited from concurrently holding positions as:
1. Member of the Board of Directors at BUMN and other business entities;
2. Member of the Board of Commissioners/ Supervisory Board of SOEs;
3. Other structural and functional positions in central and/or regional government institutions/agencies.
4. Other positions in accordance with the provisions of laws;
5. The administrator of political parties, members of the legislature, and/or regional heads/deputy regional heads;
6. other positions that may cause conflicts of interest; and/or
7. Become legislative candidates or candidates for regional heads/deputy regional heads.


Members of the Board of Directors are prohibited from concurrently serving as members of the Board of Directors,
members of the Board of Commissioners, or Executive Officers at Company‘s, companies, and other institutions. It excludes
concurrent positions in the case of the Board of Directors which is responsible for supervising the Company’s participation
in a subsidiary company, carrying out the functional duties of being a member of the Board of Commissioners in a non-
bank subsidiary company controlled by the Company, as long as it does not result in the person concerned neglecting the
implementation of duties and responsibilities as a member of the Company’s Board of Directors.


Members of the Board of Directors are prohibited from concurrently serving as members of the Board of Commissioners
in other companies, except:
1. Board of Commissioners in Subsidiaries/Affiliated Companies of the Company, other than as President
    Commissioner; and
2. Board of Commissioners in other business entities to represent/fight for the Bank’s interests as long as they obtain
    permission from the Minister.
3. Pension Fund Supervisory Board, owned by the Company.


Members of the Board of Directors who hold dual positions in Subsidiaries and Pension Funds must obtain approval
from the Board of Commissioners Meeting. (Article 15 POJK 17/2023)


Table of Concurrent Directors’ Positions

                                                                                      Position in other Companies/ Company/Other
           Name                                     Position
                                                                                                Institutions       Institution Name

 Nixon L.P. Napitupulu          President Directorma                                                    -                             -

 Oni Febriarto Rahardjo         Vice President Director                                                 -                             -

 Nofry Rony Poetra              Director of Finance                                                     -                             -

 Elisabeth Novie Riswanti       Director of Assets Management                                           -                             -

 Eko Waluyo                     Director of Human Capital, Compliance, and                              -                             -
                                Legal

 Setiyo Wibowo                  Director of Risk Management                                             -                             -

 Jasmin                         Director of Distribution and Institutional                              -                             -
                                Funding

 Andi Nirwoto                   Director of Information Technology                                      -                             -

 Hirwandi Gafar                 Director of Consumer                                                    -                             -

 Hakim Putratama                Director of Operations and Customer                                     -                             -
                                Experience

 Muhammad Iqbal*                Director of SME and Retail Funding                                      -                             -

* Appointed through the 2024 Annual GMS on March 06, 2024 and has passed the fit and proper test on August 8, 2024.




                                                                                            PT Bank Tabungan Negara (Persero) Tbk         513
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                                                      Corporate
                                                      Governance




                                                                   5. The summon to the Meeting of the Board of Directors
Management of Conflict Interest of the
                                                                       shall include the event, date, time, place of the
Board of Directors
                                                                       meeting, and meeting materials.
                                                                   6. The invitation to the Board of Directors Meeting must
Each member of the Board of Directors is prohibited                    be made in writing and delivered or handed over
from taking and/or receiving personal benefits either                  directly to each member of the Board of Directors
directly or indirectly from the Company’s activities, other            with adequate receipt, or by registered mail or by
than remuneration and other legal facilities, which are                courier service, electronic means or by other fastest
determined based on the decision of the GMS. Members                   means no later than 5 (five) days before the meeting
of the Board of Directors are prohibited from utilizing the            is held, without taking into account the date of the
Company for personal, family, and /or other parties that               invitation and the date of the meeting, or within a
may harm or reduce the Company’s profits.                              shorter time if in urgent circumstances.
                                                                   7. Meeting materials for the Scheduled meeting
                                                                       as referred to shall be submitted to the meeting
Members of the Board of Directors shall not give or offer
                                                                       participants no later than 5 (five) working days
or receive, directly or indirectly, any valuable thing to or
                                                                       before the meeting is held via e-mail or other fastest
from a customer or a Government official to influence or
                                                                       means possible.
in exchange for what he has done and other actions, in
                                                                   8. Meeting materials for meetings held outside the
accordance with the provisions of laws and regulations.
                                                                       schedule shall be delivered at the time the meeting
Any member of the Board of Directors who personally in
                                                                       is being held at the latest.
any way, whether directly or indirectly, has an interest in
                                                                   9. The holding of Meeting of the Board of Directors may
a transaction, a contract or a proposed contract in which
                                                                       be held at any time if deemed necessary by one or
the Company is a party must be declared the nature of
                                                                       more members of the Board of Directors; or upon
his interest at the Meeting of the Board of Directors and
                                                                       written request from one or more members of the
therefore shall not be entitled to participate in voting in
                                                                       Board of Commissioners.
matters relating to such transaction or contract.
                                                                   10. In the event that members of the Board of Directors
                                                                       are unable to physically attend the Meeting of
In the event of a conflict of interest, which is a condition
                                                                       the Board of Directors, the members of the Board
where the Company’s economic interests conflict with
                                                                       of Directors may attend the meeting through
personal interests, members of the Board of Directors
                                                                       teleconference, video conference, or other electronic
should always:
                                                                       means in accordance with the applicable provisions.
1. Prioritize the interest of the Company and not reduce
                                                                       In the event that the Meeting of the Board of Directors
    the Bank’s profits in the event of a conflict of interest.
                                                                       is held by means of teleconferencing technology, it
2. Avoid making decisions in situations and conditions
                                                                       must be supported by:
    of conflict of interest.
                                                                       a. The basis for the decision to hold the meeting
3. Provide disclosures in terms of decision-making in
                                                                           using teleconferencing technology means,
    the event of a conflict of interest.
                                                                           among others, the Bank’s internal provisions and/
4. Grant credit to members of the Board of Directors
                                                                           or the minutes of the Board of Directors’ Meeting.
    based on a reasonableness limit in accordance with
                                                                       b. Recorded evidence of the meeting.
    applicable bank regulations without distinguishing
                                                                       c. Minutes of Meeting are signed by all meeting
    from other customers (arm’s length basis).
                                                                           participants who are physically present or
5. Report the Company’s stock transactions within 3
                                                                           through teleconferencing technology.
    (three) working days.
                                                                   11. At a Meeting of the board of Directors, a member
                                                                       of the Board of Directors may be represented only
Board of Directors Meeting
                                                                       by other members of the Board of Directors based
                                                                       on a power of attorney. A member of the Board of
Board of Directors Meeting Policy
                                                                       Directors may only represent one other member of
                                                                       the Board of Directors.
1. The Board of Directors shall hold regular Meetings
                                                                   12. Meetings of the Board of Directors shall be chaired at
   of the Board of directors at least 1 (once) a month
                                                                       the place of domicile of the Company or the place of
   or the so-called Scheduled Meeting of the Board of
                                                                       business activities of the Company or elsewhere in
   Directors (ALCO and Performance Review).
                                                                       the territory of the Republic of Indonesia.
2. The Board of Directors shall schedule a meeting of
                                                                   13. The Meeting of the Board of Directors shall be chaired
   the Board of Directors for the following year prior to
                                                                       by the President Director. If the President Director is
   the end of the fiscal year.
                                                                       absent or unable to attend, then:
3. Scheduled Meetings of the Board of Directors must
                                                                       a. Vice President Director; or
   be attended by a minimum of 2/3 (two-thirds) of the
                                                                       b. The Director appointed in writing by the President
   total number of members of the Board of Directors.
                                                                           Director shall chair the meeting if, at the same time,
4. The summon to the Meeting of the Board of Directors
                                                                           Vice President Director is absent or unavailable; or
   shall be made by a member of the Board of directors
                                                                       c. The Director who is appointed by Vice President
   who is entitled to represent the Board of Directors.
                                                                           Director if, at the same time, the President Director




514      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                        2024
                                                                                                Annual Report




      and Vice President Director are not present or           8. The Board of Directors may also take valid decisions
      unable to and the President Director does not                without holding a Board of Directors Meeting
      make an appointment; or                                      provided that all members of the Board of Directors
   d. If the GMS does not appoint Vice President                   have been notified in writing and all members of
      Director, then in the event that the President               the Board of Directors have given their approval
      Director is not present or unavailable, then one of          regarding the proposal submitted in writing and
      the directors appointed in writing by the President          signed the agreement in writing and signed the
      Director shall chair the meeting; or                         agreement circularly. Decisions taken in this way
   e. In the event that the President Director does not            have the same force as decisions legally taken at a
      make an appointment, the longest-serving Director            Board of Directors Meeting.
      in the position as a member of the Board of Directors    9. Every member of the Board of Directors who
      shall chair the Board of directors Meeting; or               personally in any way, either directly or indirectly,
   f. In the event that there is more than 1 (one)                 has an interest in a transaction, contract or
      Director with the longest term of office as a                proposed contract in which the Company is a party
      member of the Board of directors, then the oldest            must declare the nature of his interest at a Board
      Director in terms of age shall act as the chairman           of Directors Meeting and is therefore not entitled
      of the Board of Directors Meeting.                           to participate. in voting on matters relating to the
                                                                   transaction or contract.
Meeting of the Board of Directors with the Board of            10. Decisions of the Board of Directors taken in
Commissioners                                                      accordance with the Work Guideline and Manual are
The Board of Directors must hold a joint meeting with the          binding and are the responsibility of all members of
Board of Commissioners periodically at least 1 (once) in           the Board of Directors.
4 (four) months..                                              Meeting Results
                                                               1. The results of the meeting must be stated in the
Meeting of the Board of Directors Committee                        Minutes of Meeting which contain everything
Committee meetings may be conducted at any time                    discussed and decided at the meeting, including but
based on the needs of the Committee and upon written               not limited to opinions developed at the meeting, both
request from the secretary and/or members of the                   supporting and unsupportive opinions or different
Committee.                                                         opinions (dissenting opinions), as well as the reasons
                                                                   for the absence of members of the Board of Directors ,
Decision-making                                                    if there are. The minutes of the meeting must be drawn
1. A Board of Directors meeting is valid and has the               up by someone present at the meeting appointed
   right to make binding decisions if attended and/or              by the Chairman of the Meeting and then signed by
   represented by more than ½ (one half) of the total              all members of the Board of Directors present and
   votes cast.                                                     submitted to all members of the Board of Directors
2. In the event that there is more than 1 (one) proposal, a    2. In the event that there is a member of the Board of
   reelection will be held so that 1 (one) proposal receives       Directors who does not sign the Minutes of meeting,
   more than ½ (one-half) of the total votes cast.                 the person concerned shall write the reasons in a
3. The decision-making of the Board of Directors                   separate letter attached to the Minutes of Meeting.
   Meeting is carried out based on deliberation and            3. Minutes of Directors’ Meetings are valid evidence
   consensus.                                                      for members of the Board of Directors and for third
4. In the event that no consensus is reached, the                  parties regarding the decisions taken at the meeting
   decision is made based on a vote. Decisions on                  in question.
   a ballot must obtain a vote of more than ½ (one-            4. A copy of the minutes of the meeting must be given
   half) share of the number of valid votes cast at the            to each member of the Board of Directors, whether
   meeting.                                                        the person concerned is present or not present at
5. In the Meeting of the Board of Directors, each                  the Board of Directors meeting.
   member of the Board of Directors has the right to           5. Original minutes of Board of Directors meetings must
   issue 1 (one) vote and an additional 1 (one) vote for           be documented and kept by the Company.
   other members of the Board of Directors that he or          6. The number of board meetings and the number
   she represents legally.                                         of attendance of each member of the Board of
6. A blank vote (abstention) is deemed to approve the              Directors must be submitted in the Annual Report.
   proposal submitted at the meeting. Invalid votes are
   considered nonexistent and thus are not counted in          Board of Directors Meeting Plan
   determining the number of votes cast in the meeting.
7. Voting on persons shall be conducted by closed              The Board of Directors meeting plan based on the
   ballot papers without signatures, whereas voting on         Company’s Articles of Association, has agreed that the
   other matters shall be conducted verbally unless            Board of Directors Meetings in 2025 will be held at least
   the Chairman of the Meeting determines otherwise            1 (one) time per month and/ or as needed. The Board
   without any objection based on the majority vote of         of Directors also holds meetings with the Committees
   the person present.                                         under the Board of Directors which are scheduled
                                                               according to the need.




                                                                          PT Bank Tabungan Negara (Persero) Tbk    515
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                                                          Corporate
                                                          Governance




The Board of Directors shall hold regular Board of                      The Board of Directors must plan the Scheduled Meeting
Directors meetings at least 1 (one) time every month or                 of the Board of Directors for the following year before the
what is called a Scheduled Board of Directors Meeting                   end of the financial year. In making decisions, scheduled
(Performance Review), scheduled for the following                       meetings of the Board of Directors must be attended by
                                                                        at least 2/3 of the total number of members of the Board
year before the end of the financial year. The agenda
                                                                        of Directors.
discussed at least includes:
1. Preparation of Bank Business Plan (RBB) and
                                                                        Invitations to meetings of the Board of Directors are made
    Company Budget Work Plan (RKAP).                                    in writing and delivered directly to each member of the
2. Regularly review the Company’s performance.                          Board of Directors no later than 5 (five) days before the
3. Implementation of the AML, CFT, and PFWMD                            meeting is held. Meeting materials are delivered to the
    Programs.                                                           meeting participants no later than 5 (five) working days
4. Implementation of Corporate Governance and                           before the meeting is held via email or other electronic
    Follow-up on Internal and External Audit findings.                  means.


Internal Meeting of the Board of Directors

Throughout 2024, the agenda, dates, and participants of the internal meetings of the Board of Directors are as follows.

Table of Internal Board of Directors Meetings


 No.            Date                                        Agenda
                                                                                                           NPN           OFR

                            Discussion on the Plan for the 2023 Fiscal Year Annual General Meeting of
  1.                                                                                                          1            1
                            Shareholders (AGMS).

  2.    January 2, 2024     BTN Changes in BTN Grade Structure                                                1            1

  3.                        Presentation of the 2023 BRRM ExeLeave taking ve Summary                          1            1

  4.                        General Agenda                                                                    1            1

  5.                        Presentation of BTN SLE Index                                                     1            1

  6.    January, 8 2024     CIF Data Cleansing                                                                1            1

  7.                        BTN Anniversary Celebration                                                       1            1

  8.                        Procurement of Due Diligence Consultant for BMI                                   1            1

  9.                        Investor Communication Plan 2024                                              Excusal          1

  10.                       Annual Report Progress Update                                                 Excusal       Excusal
        January, 15 2024
  11.                       Presentation of BTN's New Logo Rebranding                                         1            1

  12.                       Performance Review in December 2023                                           Excusal          1

                            Update of the Joint Agreement (SKB) on the Guidelines for the Working
  13.                       Relationship Pattern between the Board of Commissioners and the Board       Official Duty      1
        January, 22 2024    of Directors.

  14.                       Progress of the Company's Cultural Transformatio                            Official Duty      1

  15.                       Presentation of BTN's New Master Logo                                             1            1

                            Discussion on the 2024–2026 RBB Materials with OJK (Financial Services
  16.   January, 23 2024                                                                                      1            1
                            Authority)

  17.                       Accrued Interest Development                                                      1            1

                            Proposal for the 2024 Remuneration of the Board of Directors and Board
  18.                                                                                                         1            1
                            of Commissioner

  19.                       Update on the Annual Report Completion                                            1            1

 20.                        BTN Anniversary Celebration                                                       1            1

        January, 29 2024    Report on the Implementation of Project Tiger and Documentation
  21.                                                                                                         1            1
                            Structuring

                            Discussion on the 2024 Collegial KPI and the Achievement of Collegial
 22.                                                                                                          1            1
                            and Directorate KPI

                            Risk Assessment & Collection Strategy Following the Announcement of
 23.                                                                                                          1            1
                            the Extension of Covid-19 Restructuring Relaxation

 24.    February, 2 2024    Rebranding Proposal for BTN's New Logo                                            1         Excusal




516       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                       2024
                                                                                               Annual Report




                Name

SWB      HRG              JSM             ENR             AND         EW            NRP           HP           MIQ*

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1         Official Duty        1         1            Excusal          1

 1          1                1         Official Duty        1         1            Excusal          1

 1          1                1         Official Duty        1         1               1             1

 1          1                1         Official Duty        1         1               1             1


 1    Official Duty    Official Duty         1         Leave taking   1               1             1


 1    Official Duty    Official Duty         1         Leave Taking   1               1             1

 1          1                1               1         Leave taking   1               1             1

 1          1                1               1         Leave taking   1               1             1

 1          1                1               1         Leave taking   1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1


 1          1                1               1              1         1               1             1


 1          1                1               1              1         1               1             1

 1          1                1               1              1         1               1             1




                                                                          PT Bank Tabungan Negara (Persero) Tbk   517
Page 87
                                                            Corporate
                                                            Governance




No.             Date                                         Agenda
                                                                                                           NPN             OFR

 25.                       Financial Report on January 31, 2024                                               1               1

 26.   February, 5 2024    Regional Office Expansion Plan                                                     1               1

                           Strategy for Increasing Third-Party Funds (DPK) in the Midsize Institution
 27.                                                                                                          1               1
                           Segment for 2024

 28.   February, 6 2024    KPTI                                                                               1               1

 29.                       Manpower Planning for 2024                                                         1               1
       February, 13 2024
 30.                       Achievement of Collegial & Directorate KPIs for 2023                               1               1

                           Meeting of the Founders, Supervisory Board, and Management of BTN
 31.                                                                                                          1         Official Duty
                           Pension Fund

                           Update on the Preparation Progress for the General Meeting of
 32.                                                                                                          1         Official Duty
       February 19, 2024   Shareholders (GMS

 33.                       BTN Paylater Product Initiativ                                                     1         Official duty

 34.                       Update Project Decision Engine Consumer                                            1         Official duty

 35.   February 20, 2024   Performance Review January 2024                                                    1         Official duty

 36.                       General Agenda                                                                     1               1

 37.                       Project Camel Update                                                               1               1

 38.   February 26 2024    Wholesale Funding Management Strateg                                           Excusal             1

 39.                       Update on Account Novatio                                                      Excusal             1

 40.                       Achievement of Work Unit KPI Scores                                                1               1

 41.                       Discussion on Watchlist Debtor                                                 Excusal             1
       March 4, 2024
 42.                       Legal Review of PKPU/Bankruptcy Regulation                                         1               1

 43.                       Proposal for Board of Directors (BOD) Facilities                               Excusal             1
       March 13, 2024
 44.                       Proposal for Organizational Structure Changes                                      1               1

 45.   March 14, 2024      Performance Review February 2024                                                   1               1

 46.                       General Agenda                                                                     1               1

                           Post-Implementation Review of Mobile Banking After the February 2023
 47.                                                                                                          1               1
                           Release
       March 18, 2024
 48.                       Project Camel Update                                                               1           Excusal

 49.                       Update on Jakarta International Marathon Event                                     1           Excusal

 50.   March 25 2024       Improvement of the KUR Process                                                     1               1

 51.                       General Agenda                                                                     1               1

 52.                       Results of the Limited Due Diligence for the Spin-Off of BTN's UUS                 1               1

 53.   April 1, 2024       Eid Mubarak 2024 Preparation                                                       1               1

 54.                       Formulation of BTN's Long-Term Corporate Plan (RJPP) 2025–2029                     1               1

                           Update on the Proposed Layout Allocation for the Ground Floor of BTN
 55.                                                                                                          1               1
                           Tower 2

 56.   April 22 2024       Project Camel Update                                                         Official duty         1

 57.   April 23 2024       Performance Review Maret 2024                                                      1               1

 58.                       Update on Leadership Forum Activities                                              1               1
       April 30 2024
 59.                       Update on the KC Banjarmasin Cae                                                   1               1

 60.                       General Agenda                                                                     1               1

 61.   May 6 2024          Structure of Committees Under the Board of Directors                               1               1

 62.                       Update on the Construction Project and Centralization of Rental Vehicles           1           Excusal




518      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                         2024
                                                                                                 Annual Report




                       Name

   SWB          HRG           JSM       ENR       AND              EW               NRP             HP           MIQ*

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1


      1            1             1       1           1               1           Official duty        1

      1            1             1       1           1               1           Official duty        1

      1            1             1       1           1               1           Official duty        1

Official duty      1             1       1           1               1           Official duty        1

      1            1             1       1     Official duty   Official duty           1              1

      1            1             1       1     Official duty   Official duty           1              1

      1            1             1       1     Official duty   Official duty           1              1

      1            1             1       1     Official duty   Official duty           1              1

      1            1             1       1     Official duty   Official duty           1              1

Official duty   Excusal          1       1           1           Excusal           Excusal            1

Official duty      1             1       1           1               1                 1              1

      1            1             1       1           1               1                 1              1           1

      1         Excusal          1       1           1               1                 1              1           1

      1            1             1       1           1           Excusal               1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1      Sick         1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

      1            1             1       1           1               1                 1              1           1

Official duty      1             1       1           1               1           Official duty        1           1

Official duty      1             1       1           1               1                 1              1           1

      1         Excusal          1       1       Excusal             1                 1              1           1

      1         Excusal          1       1           1               1                 1              1           1

      1            1             1       1           1               1             Excusal            1          Sick

      1            1             1       1           1               1                 1              1          Sick

      1            1          Excusal    1           1               1                 1              1          Sick




                                                                         PT Bank Tabungan Negara (Persero) Tbk          519
Page 89
                                                         Corporate
                                                         Governance




No.             Date                                       Agenda
                                                                                                       NPN          OFR

63.                        General Agenda                                                                 1      Official duty

64.                        Proposal for the Development of SHAD Organizational Structure                  1      Official duty
       May 13, 2024
                           Approval of Excusal Principle for the Construction of JKT Kebon Jeruk and
65.                                                                                                       1      Official duty
                           KC Kelapa Gading Square

66.                        Update on BTN's Investment Plan in IKN (Indonesia's New Capital                1      Official duty

 67.   May 14, 2024        Performance Review April 2024                                                  1      Official duty

                           Changes in Income and Official Duty Travel Facilities for the Board of
68.                                                                                                       1            1
                           Directors (BOD)

69.                        BTN Vision, Mission & Corporate Strategy 2025–202                              1            1

 70.   May 20, 2024        Adjustment of Directorate & SEVP KPIs for 2024                                 1            1

 71.                       Approval of the Facade for KC Kebon Jeruk and KC Kelapa Gading                 1            1

 72.                       General Agenda                                                                 1            1

 73.                       Project Camel Update                                                           1      Official duty

 74.   May 22 2024         Proposal for the Subsidized Mortgage (KPR) Schem                               1      Official duty

 75.                       Subdebt Simulation Impact on CAR in the 2024 RKA                               1      Official duty

 76.                       Update on BTN's Long-Term Corporate Plan (RJPP) 2025–2029                      1            1
       May 27 2024
 77.                       Update on the Company Profile Production                                       1            1

 78.   May 28 2024         KPTI                                                                           1            1

 79.                       General Agenda                                                                 1            1

80.                        Update on Jakarta International Marathon Event                                 1            1

       June 3, 2024        Proposal for Asset Buying Credit, Channeling Partner, & Personal Banking
 81.                                                                                                      1            1
                           Sales Model

                           Proposal for Amendments to the 2024 RKAP (Annual Budget and Business
82.                                                                                                       1            1
                           Plan)

83.                        General Agenda                                                                 1            1

84.                        Update on Cash Management                                                      1            1

85.    June 10, 2024       Presentation of the Uniform Design for PBO and BTN Prospera Debit Card         1            1

86.                        Service Disruption Report at Outlets                                           1            1

                           Selection of the Winning Design for the Frontliner Blazer Uniform for
 87.                                                                                                      1            1
                           Fridays

88.    June 11 2024        Performance Review in May 2024                                                 1            1

                           Proposal for Amendments to the 2024 RKAP (Annual Budget and Business
89.    June 12 2024                                                                                       1            1
                           Plan)

                           Proposal for Amendments to the 2024 RKAP (Annual Budget and Business
90.    June 15 2024                                                                                       1            1
                           Plan)

 91.                       BTN Prospera                                                                Excusal         1
       June 19 2024
                           Proposal for Amendments to the 2024 RKAP (Annual Budget and Business
92.                                                                                                       1            1
                           Plan)

93.                        Update on the Audit of the Fraud Case at KC BSD                                1            1
       June 24, 2024
94.                        Guidance on the Cawang 2 Case                                                  1            1

95.                        Project Kick-Off and Progress Update on Digital Branch                         1            1

96.                        DIRE Tokenization Plan                                                         1            1

                           Proposal for Amendments to Directorate, Work Unit, and Individual KPIs
 97.   July 1, 2024                                                                                       1            1
                           for Semester II of 2024

98.                        Proposal for BTN Syariah Capital Plan                                          1            1

99.                        Anticipation of Ransomware LockBit 3.0 Attacks                                 1            1




520       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                           Annual Report




                          Name

   SWB             HRG           JSM   ENR      AND             EW              NRP            HP          MIQ*

Official duty         1           1     1         1               1               1          Excusal          1

Official duty         1           1     1         1               1               1          Excusal          1

Official duty         1           1     1         1               1               1          Excusal          1

Official duty         1           1     1         1               1               1          Excusal          1

Official duty         1           1     1         1               1               1              1            1

      1               1           1     1         1         Official duty         1              1            1

      1               1           1     1         1         Official duty         1              1            1

      1               1           1     1         1         Official duty         1              1            1

      1               1           1     1         1         Official duty         1              1            1

      1               1           1     1         1         Official duty         1              1            1

Official duty         1           1     1         1         Official duty         1              1            1

Official duty         1           1     1         1         Official duty         1              1            1

Official duty         1           1     1         1         Official duty         1              1            1

      1               1           1     1         1               1               1          Excusal          1

      1               1           1     1         1               1               1          Excusal          1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1


      1               1           1     1         1               1               1              1            1

Official duty         1           1     1    Leave taking   Official duty         1        Official duty      1

Official duty         1           1     1    Leave taking   Official duty         1        Official duty      1

Official duty         1           1     1    Leave taking   Official duty         1        Official duty      1

Official duty         1           1     1    Leave taking   Official duty         1        Official duty      1

Official duty         1           1     1    Leave taking   Official duty         1        Official duty      1

Official duty         1           1     1    Leave taking   Official duty         1              1            1

Official duty   Official duty     1     1    Leave taking   Official duty         1              1            1


      1               1           1     1    Leave taking         1               1              1            1

      1               1           1     1    Leave taking     Excusal             1              1            1

      1               1           1     1    Leave taking         1               1              1            1

      1               1           1     1    Leave taking         1               1           Study           1

      1               1           1     1    Leave taking         1               1           Study           1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1

      1               1           1     1         1               1               1              1            1




                                                                      PT Bank Tabungan Negara (Persero) Tbk       521
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                                                            Corporate
                                                            Governance




No.             Date                                           Agenda
                                                                                                            NPN             OFR

                             Discussion on Gap Analysis for the Spin-Off of BTN's Sharia Business Unit
100.                                                                                                       Excusal             1
                             (UUS)

 101.                        Update on the Fraud Case at KCS Makassar                                          1               1
        July 9, 2024
102.                         Adjustment of RA RT for 2024                                                      1               1

                             Request for Excusal Principle in the Procurement of Fraud Detection
103.                                                                                                       Excusal             1
                             SystemPengadaan Fraud Detection System

104.                         Update on the Termination of BTN RDN by KSEI                                   Study              1
        July 15, 2024
105.                         Performance Review for June 2024                                               Study              1

106.    July 22, 2024        Kick Off Meeting GRC Roadmap                                                      1               1

107.                         General Agenda                                                                    1           Excusal
        July 29, 2024
108.                         Strategy for Increasing Savings                                                   1               1

109.    July 30, 2024        Amendments to Collegial KPI of the Board of Directors for 2024                    1           Excusal

 110.                        General Agenda                                                                    1            Study
        August 6, 2024
 111.                        Strategy for Increasing Savings                                                   1            Study

                             Plan for the Relocation of the Board of Directors to BTN Tower 2 and
 112.                                                                                                      Excusal             1
                             Establishment of the BTN Tower Re-Facade Project

 113.                        Proposal for Joint Financing Collaboration with Bank Banten                       1               1

 114.   August 12, 2024      Strategy for Increasing FBI and Reducing CoF                                      1               1

 115.                        Progress Update on Syariah Mobile Banking                                         1               1

 116.                        General Agenda                                                                    1               1

 117.   August 13, 2024      Performance Review for July 2024                                                  1               1

                             Update on Progress Due Diligence Acquisition of Sharia Commercial
 118.                                                                                                          1               1
                             Banks (Project Hijra)

 119.                        Update on the Digital Branch Project                                              1               1
        August 19, 2024
120.                         Financial Posture Scenario for BTN 2025-2029                                      1               1

 121.                        Update on the Rebranding of the New Logo at KC and KCP                            1               1

122.                         RJPP 2025-2029                                                              Official duty         1
        September 2, 2024
123.                         General Agenda                                                              Official duty         1

124.                         General Agenda                                                              Official duty         1

125.    September 9, 2024    Update on the Progress of Office Network Rebranding                         Official duty         1

126.                         Implementation of Electronic Certificates                                   Official duty         1

127.                         Performance Review for August 2024                                                1               1
        September 10, 2024
128.                         Naming Wholesale Portal                                                           1               1

129.                         BTN Pension Fund Remuneration                                                     1               1

130.                         Naming of Meeting Room on the 32nd Floor of BTN Tower 2                           1               1

 131.                        Kick-Off Meeting for Financial Statement Audit                                    1               1
        September 17, 2024
132.                         Update on Online Onboarding Progress                                              1               1

133.                         Mobile Banking Acquisition Program                                                1               1

134.                         General Agenda                                                                    1               1

135.                         General Agenda                                                              Official duty         1
        September 23, 2024
136.                         RJPP 2025-2029                                                              Official duty         1

137.    Septembr 24, 2024    KPTI                                                                        Official duty         1

138.    October 1, 2024      General Agenda                                                                    1               1

139.                         General Agenda                                                                    1         Official duty
        October 7, 2024
140.                         Update on Project Hijra Progress                                                  1         Official duty




522        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                               2024
                                                                                                       Annual Report




                          Name

   SWB             HRG              JSM          ENR      AND              EW             NRP             HP             MIQ*

      1               1                1          1          1               1               1              1            Excusal

      1               1                1          1          1               1               1              1            Excusal

      1               1                1          1          1               1               1              1            Excusal

      1               1                1          1          1               1               1              1            Excusal

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1    Official duty         1               1              1          Official duty

      1               1                1          1    Official duty         1               1              1          Official duty

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1           Excusal              1          1          1               1               1              1                1

      1           Excusal              1          1          1               1               1              1                1

      1           Excusal              1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1            Excusal

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1               1               1              1                1

      1               1                1          1          1         Official duty         1              1                1

      1               1                1          1          1         Official duty         1              1                1

Official duty         1                1          1          1         Official duty         1              1          Official duty

Official duty         1                1          1          1         Official duty         1              1          Official duty

Official duty         1                1          1          1         Official duty         1              1          Official duty

Official duty         1                1          1          1               1               1              1          Official duty

Official duty         1                1          1          1               1               1              1          Official duty

      1         Official duty          1          1          1               1               1              1                1

      1         Official duty          1          1          1               1               1              1                1

      1         Official duty          1          1          1               1               1              1                1

      1         Official duty          1          1          1               1               1              1                1

      1         Official duty          1          1          1               1               1              1                1

      1         Official duty          1          1          1               1               1              1                1

      1               1                1          1          1         Official duty   Official duty        1                1

      1               1                1          1          1               1         Official duty        1                1

      1               1                1          1          1         Official duty   Official duty        1                1

      1               1                1          1          1               1               1              1                1

      1               1          Official duty    1    Official duty         1               1              1                1

      1               1          Official duty    1    Official duty         1               1              1                1




                                                                             PT Bank Tabungan Negara (Persero) Tbk               523
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                                                          Corporate
                                                          Governance




No.            Date                                         Agenda
                                                                                                        NPN             OFR

141.   October 8, 2024     Performance Review for September 2024                                           1         Official duty

142.                       General Agenda                                                                  1               1

143.                       Update on Project Tiger                                                         1               1

144.   October 14, 2024    Improvement of SLA Process for Non-Subsidized Loans                             1               1

145.                       Update on ICOFR Project                                                         1               1

146.                       Update on BTN's Collaboration with PT Pos Indonesia                             1               1

147.                       General Agenda                                                                  1               1

148.                       Update on Project Tiger                                                         1               1
       October 21, 2024
149.                       Plan for Global Bond Issuance                                                   1               1

150.                       Update Lesson Learned System Down BTN Mobile                                    1               1

151.                       General Agenda                                                            Official duty         1
       October 28, 2024
152.                       Renaming Superapp, Wholesale Portal, and Internet Banking Business        Official duty         1

153.                       General Agenda                                                                  1               1

154.                       Evaluation Report on AML, CFT, and PFWMD Implementation for 2024                1               1

155.   November 4, 2024    GRC Roadmap 2025-2029                                                           1               1

156.                       Update on Soft Launching and Renaming of Super Apps BTN Mobile                  1               1

157.                       Update on PPJB Completion                                                       1               1

158.                       Strategy for Managing and Allocating CKPN for Watchlist Debtors 2025      Official duty         1

159.                       Discussion on Draft Code of Conduct Proposal                              Official duty         1

                           Performance Review of BTN Pension Fund until September 2024 and BTN
160.   November 11, 2024                                                                             Official duty         1
                           Pension Fund Roadmap Initiative

161.                       General Agenda                                                                  1               1

                           Update on Implementation of Integrated End-to-End Procurement
162.                                                                                                       1               1
                           Application

163.   November 12, 2024   Performance Review for October 2024                                             1               1

164.                       General Agenda                                                                  1               1

165.   November 18, 2024   Preparation of RKAP 2025                                                        1               1

166.                       Capital Call                                                                    1               1

167.   November 21, 2024   Finalization of RKAP 2025                                                       1               1

168.                       General Agenda                                                                  1               1

169.   Novmber 25, 2024    Update on KU.2 Policy Regarding Treasury, Funding, and Product Delivery         1               1

170.                       Exit Meeting for Limited Review of September 2024 Financial Statements          1               1

171.   November 28, 2024   KPTI                                                                            1               1

172.                       Update on BTN Syariah Spin-Off                                                  1               1
       December 3, 2024
173.                       Update on Fraud Case at KC Harapan Indah                                        1               1

174.   December 5, 2024    Nominated Talent BUMN                                                           1               1

175.                       General Agenda                                                            Leave taking          1

176.   December 9, 2024    Performance Review November 2024                                          Leave taking          1

177.                       Approval for the Update of KU.9, KU.7, KU.3, and KU.1 Policies            Leave taking          1

178.                       General Agenda                                                                  1               1

179.   December 16, 2024   Establishment of RA RT 2025                                                     1               1

180.                       Implementation of Write-Off (Hapustagih)                                        1               1




524       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                    2024
                                                                                                            Annual Report




                          Name

   SWB             HRG              JSM             ENR             AND              EW          NRP           HP             MIQ*

      1               1          Official duty         1               1         Official duty     1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1               1                1               1           Excusal       Official duty     1             1                1

      1               1                1               1           Excusal       Official duty     1             1                1

      1               1                1         Official duty         1               1           1             1                1

      1               1                1         Official duty         1               1           1             1                1

      1               1                1         Official duty         1               1           1             1                1

      1               1                1         Official duty         1               1           1             1                1

      1               1                1         Official duty         1               1           1             1                1

      1         Official duty    Official duty   Official duty   Official duty         1           1             1                1

      1         Official duty    Official duty   Official duty   Official duty         1           1             1                1

      1         Official duty    Official duty   Official duty   Official duty         1           1             1                1

      1         Official duty          1         Official duty   Official duty         1           1             1                1

      1         Official duty          1         Official duty   Official duty         1           1             1                1

      1         Official duty          1         Official duty   Official duty         1           1             1                1

      1         Official duty          1         Official duty         1               1           1             1                1

      1         Official duty          1         Official duty         1               1           1             1                1

      1         Official duty          1         Official duty         1               1           1             1                1

      1               1                1               1               1               1           1             1                1

      1         Official duty          1               1               1         Leave taking      1             1                1

      1         Official duty          1               1               1         Leave taking      1             1                1

      1         Official duty          1               1               1         Leave taking      1             1                1

      1               1                1         Official duty         1         Leave taking      1             1                1

      1               1                1               1               1         Official duty     1             1                1

      1               1                1               1               1         Official duty     1             1                1

Official duty         1                1               1               1               1           1             1                1

      1               1                1               1               1         Official duty     1             1          Official duty

      1               1                1               1               1         Official duty     1             1          Official duty

      1               1                1               1               1               1           1             1          Official duty

      1               1                1               1               1               1           1             1          Official duty

      1               1                1               1               1               1           1             1          Official duty

      1               1                1               1               1               1           1             1                1




                                                                                      PT Bank Tabungan Negara (Persero) Tbk           525
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                                                                Corporate
                                                                Governance




 No.           Date                                               Agenda
                                                                                                                   NPN         OFR

 181.                            General Agenda                                                                      1          1

 182.                            Decision on Cost and Benefit of Project Tiger and Transaction Scheme                1          1

 183.                            Repayment of 9 Debtors in Project Tiger                                             1          1
        December 23, 2024
 184.                            Project Hijra                                                                       1          1

 185.                            Conversion of RAK Transaction Account to RAK Business Fund Account                  1          1

 186.                            Contingency Plan for KC Harapan Indah Case                                    Official duty    1

 187.                            General Agenda                                                                      1          1

 188.                            Proposal for Collegial KPI of the Board of Directors for 2025                       1          1

 189.   December 30, 2024        Update on Preparation for the National Working Meeting (Rakernas)                   1          1

 190.                            Settlement of Discrepancy Accounts and Long Outstanding Accounts                    1          1

 191.                            Update on the Preparation for Junior Global Bond Issuance                           1          1


** Diangkat melalui RUPS Tahunan 2024 tanggal 06 Maret 2024 dan telah lulus fit and proper test tanggal 8 Agustus 2024.



BOARD OF COMMISSIONERS MEETING WITH DIRECTORS

Throughout 2024, the agenda, dates and participants of the joint meeting of the Board of Directors and the Board of
Commissioners were as follows.



 No.       Meeting Date                                                            Meeting Agenda



  1.    February 21, 2024           a.   Review of the Bank's overall performance up to January 2024;
                                    b.   UUS Performance Review up to January 2024;
                                    c.   Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan Bankwide and UUS up to
                                         January 2024;
                                    d.   Progress of Corporate Plan Initiatives in 2024;
                                    e.   CIF Data Cleansing.




  2.    April 24, 2024              a.   UUS Performance Review until March 2024;
                                    b.   Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan Bankwide and UUS until March
                                         2024;
                                    c.   Progress on the Implementation of Corporate Plan Initiatives including the Discussion of Low-
                                         Cost Fund Raising Strategy (CASA);
                                    d.   Progress of Customer Identification FIle (CIF) Improvement by March 2024;
                                    e.   Monitoring the Completion of Principal Credit Documents in the Out of Tolerance Threshold
                                         (LAT) category until March 2024;
                                    f.   Progress Update of Rebranding Project;
                                    g.   Progress Update Project Camel;




526       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                         2024
                                                                                                                 Annual Report




                            Name

      SWB            HRG            JSM                    ENR        AND              EW           NRP             HP           MIQ*

        1               1                1                  1          1                1               1             1             1

        1               1                1                  1          1                1               1             1             1

        1               1                1                  1          1                1               1             1             1

        1               1                1                  1          1                1               1             1             1

        1               1                1                  1          1                1               1             1             1

        1         Official duty          1           Official duty     1                1               1             1             1

        1               1                1          Leave taking       1                1               1             1          Excusal

        1               1                1          Leave taking       1                1               1             1          Excusal

        1               1                1          Leave taking       1                1               1             1          Excusal

        1               1                1          Leave taking       1                1               1             1          Excusal

        1               1                1          Leave taking       1                1               1             1          Excusal




                       Board of Directors                                                   Board of Commissioners

      Meeting Attendees                          Attendance                     Meeting Attendees                    Attendance

1.    Nixon L.P. Napitupulu        1.        Present                       1.   Chandra M. Hamzah           1.   Present
2.    Oni Febriarto Rahardjo       2.        Not Present                   2.   Iqbal Latanro               2.   Not Present
3.    Andi Nirwoto                 3.        Present                       3.   Armand B. Arief             3.   Present
4.    Elisabeth Novie Riswanti     4.        Present                       4.   Sentot A. Sentausa          4.   Present
5.    Jasmin                       5.        Present                       5.   Andin Hadiyanto             5.   Present
6.    Setiyo Wibowo                6.        Not Present                   6.   Herry Trisaputra Zuna       6.   Not Present
7.    Hirwandi Gafar               7.        Present                       7.   Himawan Arief Sugoto        7.   Present
8.    Nofry Rony Poetra            8.        Not Present                   8.   M. Yusuf Permana            8.   Not Present
9.    Eko Waluyo                   9.        Present
10.   Hakim Putratama              10.       Present

1.    Nixon L.P. Napitupulu        1.        Present                       1.   Chandra M. Hamzah           1.   Present
2.    Oni Febriarto Rahardjo       2.        Present                       2.   Iqbal Latanro               2.   Present
3.    Andi Nirwoto                 3.        Present                       3.   Armand B. Arief             3.   Not Present
4.    Elisabeth Novie Riswanti     4.        Present                       4.   Sentot A. Sentausa          4.   Present
5.    Jasmin                       5.        Present                       5.   Andin Hadiyanto             5.   Present
6.    Setiyo Wibowo                6.        Not Present                   6.   Herry Trisaputra Zuna       6.   Present
7.    Hirwandi Gafar               7.        Present                       7.   Himawan Arief Sugoto        7.   Present
8.    Nofry Rony Poetra            8.        Present                       8.   Adi Sulistyowati            8.   Not Present
9.    Eko Waluyo                   9.        Present                       9.   Bambang Widjanarko          9.   Present as an Observer
10.   Hakim Putratama              10.       Present
11.   Muhammad Iqbal               11.       Present as an Observer




                                                                                        PT Bank Tabungan Negara (Persero) Tbk           527
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                                                    Corporate
                                                    Governance




 No.     Meeting Date                                               Meeting Agenda



  3.   June 19, 2024        a.   Bankwide Performance Review up to May 2024 including Prognosis for the second quarter of 2024;
                            b.   UUS Performance Review up to May including Prognosis for the second quarter of 2024;
                            c.   Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan Bankwide and UUS up to May 2024;
                            d.   Progress of Corporate Plan Initiative Implementation including Profitability Aspects up to May
                                 2024;
                            e.   Progress of Customer Data or Customer Identification FIle (CIF) Improvement by May 2024;
                            f.   Monitoring of Completion of Basic Credit Documents (LAT, SKMHT, and PPJB) up to May 2024;
                            g.   Camel Project Update Progress and UUS Spin-Off Preparation.




  4.   August 21, 2024      a.   Bankwide Performance Review until July 2024;
                            b.   UUS Performance Review up to July 2024;
                            c.   Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan Bankwide and UUS until July
                                 2024;
                            d.   Progress of Corporate Plan Initiative Implementation including Profitability Aspects up to July
                                 2024;
                            e.   Progress of Customer Data or Customer Identification File (CIF) Improvement up to July 2024;
                            f.   Progress of Camel 2.0 Project Update and UUS Spin-off Preparation.




  5.   October 16, 2024     a.   Collegial achievement of KPIs of the Board of Directors up to the third quarter of 2024;
                            b.   Bankwide Performance Review and KPI Achievement up to September 2024;
                            c.   Performance Review of UUS up to September 2024;
                            d.   Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan Bankwide and UUS up to
                                 September 2024;
                            e.   Progress of Corporate Plan Initiative Implementation including Profitability Aspects up to
                                 September 2024;
                            f.   Progress of Customer Data or Customer Identification File (CIF) Improvement as of
                                 September 2024;
                            g.   Evaluation and Monitoring of New Bank Products (PPB) and Activities for the Benefit of the
                                 Bank (KuKB) including Profitability Aspects up to September 2024;
                            h.   Monitoring the Completion of Credit Document Categories Outside the Tolerance Threshold
                                 (LAT, PPJB, and SKMHT) until September 2024;
                            i.   Progress Update on Project Hijra and Preparation of UUS Spin-off;


  6.   December 18, 2024    a.   Bankwide Performance Review to November 2024 and Projection to December 2024, including
                                 deepening of funding and collection strategies;
                            b.   UUS Performance Review up to November 2024 and Projection to December 2024;
                            c.   Monitoring of Bankwide and UUS Risk Appetite, Risk Tolerance, and Recovery Plan up to
                                 November 2024 and submission of Bankwide Risk Appetite, Risk Tolerance, and Recovery Plan
                                 2025;
                            d.   Progress of Implementation of Corporate Plan Initiatives including Profitability Aspects up to
                                 November 2024;
                            e.   Progress of Internal Control Over Financial Reporting (ICOFR) Implementation in accordance
                                 with Regulations and Follow-up Monitoring of ICOFR Diagnostic Review;
                            f.   Progress Update on Project Hijra and Preparation of UUS Spin-off;
                            g.   Proposed Use of Limit and Implementation of Write-off.




The implementation of joint meetings of the Board of Commissioners and the Board of Directors throughout 2024
is presented in the Board of Commissioners Meetings section of the Corporate Governance Chapter in this Annual
Report.




528      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                           2024
                                                                                                   Annual Report




                       Board of Directors                                        Board of Commissioners

      Meeting Attendees                    Attendance                Meeting Attendees                 Attendance

1.    Nixon L.P. Napitupulu      1.    Present                  1. Chandra M. Hamzah          1.   Present
2.    Oni Febriarto Rahardjo     2.    Present                  2. Iqbal Latanro              2.   Not Present
3.    Andi Nirwoto               3.    Present                  3. Armand B. Arief            3.   Present
4.    Elisabeth Novie Riswanti   4.    Present                  4. Sentot A. Sentausa         4.   Present
5.    Jasmin                     5.    Present                  5. Andin Hadiyanto            5.   Present
6.    Setiyo Wibowo              6.    Present                  6. Herry Trisaputra Zuna      6.   Present
7.    Hirwandi Gafar             7.    Present                  7. Himawan Arief Sugoto       7.   Present
8.    Nofry Rony Poetra          8.    Present                  8.	 Adi Sulistyowati          8.   Present as an Observer
9.    Eko Waluyo                 9.    Present                  9. Bambang Widjanarko         9.   Present as an Observer
10.   Hakim Putratama            10.   Present
11.   Muhammad Iqbal             11.   Present as an Observer

1.    Nixon L.P. Napitupulu      1.    Present                  1.   Chandra M. Hamzah        1.   Present
2.    Oni Febriarto Rahardjo     2.    Present                  2.   Iqbal Latanro            2.   Present
3.    Andi Nirwoto               3.    Present                  3.   Armand B. Arief          3.   Present
4.    Elisabeth Novie Riswanti   4.    Present                  4.   Sentot A. Sentausa       4.   Present
5.    Jasmin                     5.    Present                  5.   Andin Hidayanto          5.   Not Present
6.    Setiyo Wibowo              6.    Present                  6.   Herry Trisaputra Zuna    6.   Present
7.    Hirwandi Gafar             7.    Present                  7.   Himawan Arief Sugoto     7.   Present
8.    Nofry Rony Poetra          8.    Present                  8.   Adi Sulistyowati         8.   Present as an Observer
9.    Eko Waluyo                 9.    Present                  9.   Bambang Widjanarko       9.   Present as an Observer
10.   Hakim Putratama            10.   Present
11.   Muhammad Iqbal             11.   Present

1.    Nixon L.P. Napitupulu      1.    Present                  1. Chandra M. Hamzah          1.   Present
2.    Oni Febriarto Rahardjo     2.    Present                  2. Iqbal Latanro              2.   Present
3.    Andi Nirwoto               3.    Present                  3. Armand B. Arief            3.   Present
4.    Elisabeth Novie Riswanti   4.    Present                  4. Sentot A. Sentausa         4.   Present
5.    Jasmin                     5.    Present                  5. Andin Hadiyanto            5.   Present
6.    Setiyo Wibowo              6.    Present                  6. Herry Trisaputra Zuna      6.   Present
7.    Hirwandi Gafar             7.    Present                  7. Himawan Arief Sugoto       7.   Present
8.    Nofry Rony Poetra          8.    Present                  8.	 Adi Sulistyowati          8.   Present
9.    Eko Waluyo                 9.    Present                  9.	 Bambang Widjanarko        9.   Present
10.   Hakim Putratama            10.   Present
11.   Muhammad Iqbal             11.   Present




1.    Nixon L.P. Napitupulu      1.    Not Present              1.   Chandra M. Hamzah        1.   Present
2.    Oni Febriarto Rahardjo     2.    Present                  2.   Iqbal Latanro            2.   Present
3.    Andi Nirwoto               3.    Present                  3.   Armand B. Arief          3.   Present
4.    Elisabeth Novie Riswanti   4.    Present                  4.   Sentot A. Sentausa       4.   Present
5.    Jasmin                     5.    Not Present              5.   Andin Hadiyanto          5.   Present
6.    Setiyo Wibowo              6.    Present                  6.   Herry Trisaputra Zuna    6.   Present
7.    Hirwandi Gafar             7.    Present                  7.   Himawan Arief Sugoto     7.   Present
8.    Nofry Rony Poetra          8.    Present                  8.   Adi Sulistyowati         8.   Not Present
9.    Eko Waluyo                 9.    Present                  9.   Bambang Widjanarko       9.   Present
10.   Hakim Putratama            10.   Present
11.   Muhammad Iqbal             11.   Present




                                                                             PT Bank Tabungan Negara (Persero) Tbk     529
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Frequency and Attendance of Board of Directors Meetings


Table of Frequency and Attendance of Board of Directors Meetings


                                                                           Joint Meetings of the Board of
                                   Board of Directors Meetings                       Directors                                       GMS
                                                                          and the Board of Commissioners


   Name           Position         Number and Percentage of                  Number and Percentage of                  Number and Percentage of
                                        Attendance                                Attendance                                Attendance

                                Number                          Number                          Number
                                          Number of                       Number of                       Number of
                                   of                Persentase    of                Persentase    of                Persentase
                                         Attendances                     Attendances                     Attendances
                                Meetings                        Meetings                        Meetings


 Nixon L.P.     President
 Napitupulu     Director
                                    191          158         82.72%          6             5           83.34%           1            1               100%

 Oni            Vice
 Febriarto      President           191          166          86.91%         6             5           83.34%           1            1               100%
 Rahardjo       Director

 Nofry Rony     Director of
 Poetra         Finance
                                    191          179         93.72%          6             5           83.34%           1            1               100%

 Elisabeth      Director
 Novie          of Assets           191          165         86.39%          6             6              100%          1            1               100%
 Riswanti       Management

 Eko Waluyo     Director
                of Human
                Capital,            191          149          78.01%         6             6              100%          1            1               100%
                Compliance,
                and Legal

 Setiyo         Director
 Wibowo         of Risk             191          165         86.39%          6             4           66.67%           1            1               100%
                Management

 Jasmin         Director of
                Distribution
                and                 191          182         95.29%          6             5           83.34%           1            1               100%
                Institutional
                Funding

 Andi           Director of
 Nirwoto        Information         191          156          81.68%         6             6              100%          1            1               100%
                Technology

 Hirwandi       Director of
 Gafar          Consumer
                                    191          162         84.82%          6             6              100%          1            1               100%

 Hakim          Director of
 Putratama      Operations
                and                 191          178          93.19%         6             6              100%          1            1               100%
                Customer
                Experience

 Muhammad       Director
 Iqbal*         of SME
                and Retail
                                   149           124         83.22%          5             5              100%         -             -                -
                Funding


* Appointed through the 2024 Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper test on August 8, 2024.




530           PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                             Annual Report




Training and/or Improving the Competence of Board of Directors Members

The policy on mandatory training and/or competency improvement for members of the Board of Directors has been
regulated in the Good Corporate Governance Guidelines. The training program for members of the Board of Directors
includes:
1. Members of the Board of Directors are required to participate in a continuous competency development program
    either domestically or abroad with the aim of improving competency and knowledge in relation to supporting the
    implementation of duties, obligations, and responsibilities.
2. The continuous competency development plan for members of the Board of Directors is stated in the annual work
    program of the Board of Directors.
3. In the event that continuing education is carried out outside the established work program, then continuous
    competency development must be decided by the Board of Directors.
4. Members of the Board of Directors who have carried out continuous competency development are required to
    submit a written report on the results of the competency development to the Board of Commissioners or submitted
    at a Board of Directors Meeting.
5. New members of the Board of Directors are required to participate in the Company's orientation program;
6. Other matters concerning facilities for the implementation of continuous education refer to the Company's
    regulations.


The training and/or competency improvement that the Board of Directors has participated in during 2024 is as follows.



                                           Types of Training and
                                                                                      Time and place
    Name            Position              Development Materials                                                       Organizer
                                                                                     Implementation
                                          Competency / Training

 Nixon L.P.      President        BTN Leadership Forum 2 - 2024                   Bali, May 2-4, 2024           Mc Kinsey & PwC
 Napitupulu      Director
                                  Alignment of Risk Management                    Jakarta, May 15-16, 2024      Indonesia Risk
                                  Certification Level 7                                                         Professional
                                                                                                                Association (IRPA)

                                  ExeLeave Taking – Strategic Management          Jakarta, July 3-16, 2024      Universitas
                                  and Leadership Cohort 2 - 2024                                                Pertahanan RI

                                  Global Leadership Program by SRW&Co -           Barcelona, Spain,             SRW&Co - IESE
                                  IESE Business School                            September 2-6, 2024

 Oni Febriarto   Vice President   Risk Management Refreshment Level 7             Jakarta, February 7 2024      PT Garda Multi Talenta
 Rahardjo        Director
                                  BTN Leadership Forum 2 - 2024                   Bali, May 2-4, 2024           Mc Kinsey & PwC

                                  Strategic Decision - Making for Leaders         Cambridge, United             Cambridge Judge
                                                                                  Kingdom, October 7-9,         Business School
                                                                                  2024

 Nofry Rony      Director of      Risk Management Refreshment Level 7             Jakarta, Januay 24 2024       PT Garda Multi Talenta
 Poetra          Finance
                                  Pathways to Chartered Accountant                Jakarta, March 1 2024         BUMN School of
                                  Indonesia                                                                     Excellence (BSE)

                                  BTN Leadership Forum 2 - 2024                   Bali, May 2-4 2024            Mc Kinsey & PwC

                                  Risk Management Refreshment                     Jakarta, May 15-16 2024       Indonesia Risk
                                  Certification Level 7                                                         Professional
                                                                                                                Association (IRPA)

                                  Refreshment of Treasury Certification Level 7   Jakarta, August 15 2024       ACI Financial Markets
                                                                                                                Association

 Elisabeth       Director         Risk Management Refreshment Level 7             Jakarta, January 24 2024      PT Garda Multi Talenta
 Novie           of Assets
 Riswanti        Management       BTN Leadership Forum 2 - 2024                   Bali, May 2-4 2024            Mc Kinsey & PwC

                                  ExeLeave taking ve Risk Management              Milan - La Spezia - Roma,     Lembaga
                                  Program - Europe                                Italy, November 9-18,         Pengembangan
                                                                                  2024                          Perbankan Indonesia
                                                                                                                (LPPI)




                                                                                   PT Bank Tabungan Negara (Persero) Tbk             531
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                                                       Corporate
                                                       Governance




                                           Types of Training and
                                                                                    Time and place
  Name            Position                Development Materials                                                   Organizer
                                                                                   Implementation
                                          Competency / Training

Eko Waluyo     Director           Technical Guidance on Human Capital           Jakarta, February 9 2024    Forum Human Capital
               of Human           Certification in Indonesia                                                Indonesia (FHCI)
               Capital,
               Compliance,        Competency Assessment for HC                  Jakarta, March 22 2024      Forum Human Capital
               and Legal          Certification – HR Director Scheme                                        Indonesia (FHCI)

                                  Risk Management Refreshment Level 7           Jakarta, March 27-28        Indonesia Risk
                                                                                2024                        Professional
                                                                                                            Association (IRPA)

                                  Competency Test for Risk Management           Jakarta, March 28 2024      Lembaga
                                  Certification Level KKNI 7                                                Pengembangan
                                                                                                            Perbankan Indonesia
                                                                                                            (LPPI)

                                  Seminar: "Pension Fund Investment in          Jakarta, April 25 2024      Asosiasi Dana Pensiun
                                  Facing Interest Rate Dynamics"                                            Indonesia

                                  BTN Leadership Forum 2 - 2024                 Bali, 2 – 4 Mei 2024        Mc Kinsey & PwC

                                  Webinar "Aligning the Tension of Interest –   Jakarta, July 20 2024       Institut Akuntan
                                  the main issue on achieving objectives"                                   Manajemen Indonesia
                                                                                                            (IAMI)

                                  Global Leadership Program by SRW&Co -         Barcelona, Spain, 2 – 4     SRW&Co - IESE
                                  IESE Business School                          September 2024

                                  Empowering the Future Workforce :             Bali, September 19-20       Forum Human Capital
                                  Innovation, Resilience & Employee Well-       2024                        Indonesia (FHCI)
                                  being to make a Respectful Workplace

Setiyo         Director of Risk   Risk Management Refreshment Level 7           Jakarta, February 7 2024    PT Garda Multi Talenta
Wibowo         Management
                                  Ideas Asia Pacific by UID-MIT Sloan           Manila, USA, March 21       Unity in Diversity
                                                                                2024

                                  Ideas Asia Pacific 2024 "Co-Initiating        Boston, USA, April 23-26,   UID Bali
                                  Module Orientation Workshop"                  2024

                                  BTN Leadership Forum 2 - 2024                 Bali, May 2, 2024           Mc Kinsey & PwC

                                  Ideas Asia Pacific - MIT                      Cambridge,                  MIT Sloan Business
                                                                                Massachusetts, USA,         School
                                                                                June 10, 2024

                                  Ideas Asia Pacific - in person workshop -     Bali, August 7, 2024        UID Bali - MIT Sloan
                                  DEEP DIVE MODULE                                                          USA

                                  Risk Management Refreshment Level 7           Jakarta, September 4-5,     Indonesia Risk
                                                                                2024                        Professional
                                                                                                            Association (IRPA)

Jasmin         Director of        Risk Management Refreshment Level 7           Jakarta, February 7, 2024   PT Garda Multi Talenta
               Distribution
               and                BTN Leadership Forum 2 - 2024                 Bali, 2 – 4 Mei 2024        Mc Kinsey & PwC
               Institutional
               Funding            Risk Management Refreshment Level 7           Jakarta, May 15-16, 2024    Indonesia Risk
                                                                                                            Professional
                                                                                                            Association (IRPA)

                                  Strategic Decision - Making for Leaders       Cambridge, United           Cambridge Judge
                                                                                Kingdom, October 7-9,       Business School
                                                                                2024




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                                                                                                                       Annual Report




                                                 Types of Training and
                                                                                               Time and place
     Name              Position                 Development Materials                                                            Organizer
                                                                                              Implementation
                                                Competency / Training

 Andi Nirwoto      Director of         Risk Management Refreshment Level 7                 Jakarta, February 7 2024       PT Garda Multi Talenta
                   Information
                   Technology
                                       BTN Leadership Forum 2 - 2024                       Bali, May 2-4, 2024            Mc Kinsey & PwC


 Hirwandi          Director of         Risk Management Refreshment Level 7                 Jakarta, January 12, 2024      PT Garda Multi Talenta
 Gafar             Consumer
                                       BTN Leadership Forum 2 - 2024                       Bali, 2 – 4 Mei 2024           Mc Kinsey & PwC

                                       Risk Management Refreshment Level 7                 Jakarta, June 12-13, 2024      Indonesia Risk
                                                                                                                          Professional
                                                                                                                          Association (IRPA)

                                       ExeLeave taking ve Risk Management                  Milan - La Spezia - Roma,      Lembaga
                                       Program - Europe                                    Italy, 9 -18 November          Pengembangan
                                                                                           2024                           Perbankan Indonesia
                                                                                                                          (LPPI)

 Hakim             Director of         Risk Management Refreshment Level 7                 Jakarta, January 24 2024       PT Garda Multi Talenta
 Putratama         Operations
                   and Customer
                                       BTN Leadership Forum 2 - 2024                       Bali, 2 – 4 Mei 2024           Mc Kinsey & PwC
                   Experience

                                       Risk Management Refreshment Level 7                 Jakarta, May 15-16, 2024       Indonesia Risk
                                                                                                                          Professional
                                                                                                                          Association (IRPA)

                                       Team Leadership                                     Rotterdam, Netherlands,        RSM Erasmus Business
                                                                                           24 – 26 Juni 2024              School

 Muhammad          Director of         ExeLeave Taking – Overview Briefing for             Jakarta, April 18-19 2024      Lembaga
 Iqbal*            SME and Retail      BOD                                                                                Pengembangan
                   Funding                                                                                                Perbankan Indonesia
                   Position                                                                                               (LPPI)
                   President
                   Director            BTN Leadership Forum 2 - 2024                       Bali, 2 – 4 Mei 2024           Mc Kinsey & PwC

                                       Leading with Finance - Harvard Business             Jakarta, May 15-26 2024        Harvard Business
                                       School                                                                             School

                                       Corporate Governance Program:                       New York City, USA,            Columbia Business
                                       Developing Exceptional Board Leaders                September 10-13 2024           School

* Appointed through the 2024 Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and successfully passed the fit and proper test on August
  8, 2024.




                                                                                           PT Bank Tabungan Negara (Persero) Tbk               533
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                                                       Corporate
                                                       Governance




Orientation Program for New Members of the Board of Directors

The Company has always held an Orientation Program or Introduction for newly-appointed members of the Board of
Directors to be acquainted with one another and establish cooperation as a solid, comprehensive, effective team. The
Orientation Program also aims to provide insight into the condition of the Company in general. The Board of Directors’
orientation program includes:
1. Implementation of Good Corporate Governance and Code of Conduct principles in the Company.
2. Description regarding the duties and responsibilities of the Board of Commissioners and Board of Directors and
    other restrictions.
3. Overview of the Company in terms of the objectives, nature, and scope of the Company’s activities, financial
    performance, and strategies, as well as the Company’s short and long-term plans, risks, Internal Control, and other
    strategic issues.
4. Information regarding delegated authority, Internal and External Audits, Internal Control systems and policies, and
    the Audit Committees.


Throughout 2024, an orientation program has been conducted for the new member of the Board of Directors, Mr.
Muhammad Iqbal, as the Director of SME and Retail Funding, with the following schedule and agenda.



 No.                                    Agenda                                            Implementation Date

  1.   Orientation on Board of Directors' Facilities                                      Thursday, March 21, 2024

       Orientation on Compliance, Good Corporate Governance (GCG), Board
                                                                                          Thursday, March 21, 2024
  2.   of Commissioners and Board of Directors' Working Relations, and Board
                                                                                           Saturday, July 6, 2024
       of Commissioners' Code of Conduct

  3.   Orientation on Internal Control System, Internal and External Audit                Wednesday, May 8, 2024

  4.   Risk Management and Bank Soundness Level (TKB) Orientation                           Saturday, July 6, 2024

  5.   Digital Business Orientation                                                          Sunday, July 7, 2024

  6.   Orientasi Information TechnologyInformation Technology Orientation                    Sunday, July 7, 2024

  7.   Banking Products Orientation (Wealth Management, KUR, Retail Funds)                   Sunday, July 7, 2024




Implementation of Directors' Duties                                 5. Self Assessment of the Implementation of Corporate
                                                                       Governance in accordance with POJK.
Throughout 2024, all members of the Board of Directors              6. Prepare and submit Annual Reports and Sustainability
have carried out management duties and their                           Reports.
accountability reports have been submitted to the
Board of Commissioners in the form of:                              Performance Assessment of Committees
1. Performance Review Report                                        Under the Board of Directors, Corporate
2. Bank Health Level Report                                         Secretary, Internal Audit Unit, Risk
3. Compliance Function Fulfillment Report                           Management Unit, and Their Assessment
4. Corporate Governance Implementation Report                       Basis
5. Audit Findings Follow-up Report
                                                                    The Company has established and set forth the structure
The Board of Directors has also implemented the principles          and membership of the Committees to assist the duties
of Corporate Governance in every business activity of the           of the Board of Directors. The supporting Committees
Company at all organizational levels during 2024, as follows:       have a role in monitoring, creating effectiveness in
1. Implement corporate governance criteria in accordance            problem-solving, and developing strategic aspects
    with POJK and BUMN Ministerial Regulations.                     proposed by the Company, in accordance with the
2. Implement corporate governance according to the                  prevailing legislation. These Committees consist of:
    ASEAN CG Scorecard criteria.                                    1. Risk Management Committee
3. Socialization and implementation of the Code of                  2. Asset and Liability Management Committee (ALCO)
    Conduct.                                                        3. Credit Policy Committee
4. Gratification report to the Corruption Eradication               4. Credit Committee
    Commission.                                                     5. Human Capital Committee



534       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                               Annual Report




6.   Information Technology Steering Committee               In the event of consanguineous relation up to the
7.   Transformation Committee                                third degree, both lineal and collateral, and an affinity
8.   Business Committee                                      (in-laws) relationship between any member of the
9.   Environmental, Social, and Governance Committee         Board of Directors and any member of the Board of
     (ESG)                                                   Commissioners, GMS shall have the authority to dismiss
                                                             one of them.
An evaluation is conducted on committees under
the Board of Directors to assess their performance in        A member of the Board of Directors may resign from
assisting the managerial duties of committees under          his/her position before his/her term of office ends. In the
the Board of Directors. The procedure for evaluating         event that a member of the Board of Directors resigns,
the performance of the supporting committees is              the resigning member must submit a written resignation
carried out periodically by the Board of Directors.          request regarding his/her purpose to the company.
The performance of committees under the Board of
Directors is evaluated based on the number of meetings       The Company must hold GMS to make a decision
held and the number of committee members present             regarding the resignation request of such member of
during the fiscal year. In 2024, the Board of Directors      the Board of Directors at most 90 (ninety) days after
believes that its committees have fulfilled their duties     receiving the resignation letter. The position of a Member
and responsibilities appropriately.                          of the Board of Directors shall be terminated if:
                                                             1. The resignation has been effective.
In carrying out its duties, the Board of Directors is        2. The said person passes away.
assisted by Committees under the Board of Directors          3. The term of office ends.
and supporting units including the Corporate Secretary,      4. The said person is dismissed by GMS resolution.
Internal Audit Unit and Risk Management Unit.                5. The said person is declared bankrupt by a
Performance appraisal for the Corporate Secretary,               Commercial Court, which has permanent legal
Internal Audit Unit and Risk Management Unit is assessed         force, or is placed under receivership under a court
based on Key Performance Indicators (KPI), namely                decision.
Main Targets, Collaborations, Initiatives and others.        6. The said person is no longer deemed qualified
KPI achievement in 2024 for the Corporate Secretary,             as a member of the Board of Directors under the
Internal Audit Unit and Risk Management Unit reached             provisions of the Articles of Association and laws and
more than 100%. The Corporate Secretary, Internal Audit          regulations, including as a holder of any restricted
Unit and Risk Management Unit have carried out their             concurrent positions.
duties properlY.
                                                             Members of the Board of Directors can be temporarily
Mechanism for the Resignation and                            dismissed by the Board of Commissioners by stating the
Dismissal of The Board of Directors                          reasons if they act contrary to the Articles of Association,
                                                             there are indications that they are taking actions that
GMS may dismiss any member of the Board of Directors         are detrimental to the Company, they are neglecting
at any time if, for the reasons concerned, they do the       their obligations, or there are urgent reasons for the
following:                                                   Company by considering the provisions stipulated by
1. Unable/inadequate in fulfilling his/her obligations       the Articles of Association. The decision to strengthen
    agreed upon in the management contract.                  or revoke the temporary dismissal of a member of
2. Unable to properly perform his/her responsibilities.      the Board of Directors by a member of the Board of
3. Violating the provisions of the Articles of Association   Commissioners is stipulated in the GMS.
    and/or laws and regulations.
4. Involved in actions that harm the Company and/or          Board of Commissioners
    the State.
5. Committing any actions that violate ethics and/or         The Board of Commissioners is a corporate body
    performing bad manners as members of the Board           responsible for overseeing the company, both generally
    of Directors.                                            and specifically, in accordance with the Articles of
6. Declared guilty by a court decision with permanent        Association, as well as providing advice to the Board
    legal force.                                             of Directors in the best interests of the Company,
7. Resigned.                                                 Shareholders, and stakeholders.
8. Other reasons deemed appropriate by the GMS for
    the interests and objectives of the Company.




                                                                       PT Bank Tabungan Negara (Persero) Tbk      535
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                                                    Corporate
                                                    Governance




Duties and Responsibilities of the Board of                              and providing large funds for public companies
Commissioners                                                            and the Financial OJK Regulation regarding
                                                                         the maximum limits for distributing funds
The duties and responsibilities of the Board of                          and distributing large funds for sharia public
Commissioners as stipulated in the Board of                              companies; and
Commissioners’ Work Guidelines and Code of Conduct                   b. other matters stipulated in the Company’s
are as follows:                                                          articles of association or statutory provisions.
1. The Board of Commissioners is responsible                     9. Decision making on the Company’s operational
   for supervising the Company’s policies and                        activities by the Board of Commissioners as referred
   management of the Board of Directors, providing                   to in number 6 is part of the supervisory duties of the
   advice to the Board of Directors, and is responsible for          Board of Commissioners so that it does not negate
   such supervision, in accordance with the Company’s                the responsibility of the Board of Directors for the
   goals and objectives as stipulated in the provisions              implementation of the Company’s management.
   of laws and regulations, the articles of association          10. The Board of Commissioners reviews affiliate
   and GMS decisions.                                                transactions to ensure that they do not involve
2. The Board of Commissioners must carry out its duties,             conflicts of interest, all material information
   authority, and responsibilities in good manner, taking            has been disclosed, and the information is not
   into account the interests of Shareholders, and with              misleading. Additionally, the Board reviews conflict-
   the principle of prudence.                                        of-interest transactions by ensuring that all material
3. In performing the supervisory duties, the Board of                information is disclosed and is not misleading.
   Commissioners must direct, monitor, and evaluate              11. The Board of Commissioners is responsible to report
   the implementation of integrated governance,                      to the Financial Services Authority (OJK) no later
   risk management and compliance, as well as the                    than 5 (five) working days from the discovery of:
   Company’s strategic policies, in accordance with                  a. violation of statutory provisions in the fields
   the provisions of laws and regulations, the articles of               of finance, banking, and those related to the
   association, and/or GMS decisions.                                    Company’s business activities; and/or
4. Assess the effectiveness and efficiency of the internal           b. circumstances or predicted circumstances that
   control system based on information obtained from                     could endanger the continuity of the Company’s
   the Internal Audit Unit at least once a year, as well as              business.
   oversee and provide advice on the implementation              12. The Board of Commissioners follows developments
   of other internal audit functions in accordance                   in the Company’s activities and provides opinions,
   with applicable laws and regulations, the Articles                suggestions and/or explanations to the GMS,
   of Association, and/or resolutions of the General                 including but not limited to controlling shareholders,
   Meeting of Shareholders (GMS)/Minister.                           regarding any issues deemed important to the
5. The Board of Commissioners is responsible to                      management of the Company.
   supervise the Directors’ follow-up on audit findings          13. Each member of the Board of Commissioners is jointly
   or examinations and recommendations from                          and severally liable for the Company’s losses which
   the Company’s internal audit work unit, external                  are caused by errors or negligence from a fellow
   auditors, Sharia Supervisory Board (DPS), results of              member of the Board of Commissioners in carrying
   supervision by the Financial Services Authority (OJK),            out their duties unless he/ she is able to provide
   and/or results of supervision by other authorities and            evidence as stated in the Articles of Association.
   institutions.
6. The Board of Commissioners is responsible for the             Duties and Responsibilities of The President
   development of the Company’s Sharia Business Unit.            Commissioner
7. The Board of Commissioners carries out other
   obligations in the course of its supervisory and              Apart from the duties as a member of the Board of
   advisory duties, provided they do not conflict with           Commissioners, the President Commissioner who is the
   applicable laws and regulations, the Articles of              coordinator of the Board of Commissioners also has the
   Association, and General Meeting of Shareholders              following duties and responsibilities:
   (GMS) resolutions.                                            1. to lead meetings as regulated in the articles of
8. In performing the supervisory duties, the Board of                association;
   Commissioners is prohibited from participating in             2. to facilitate constructive discussions;
   decision making on the Company’s operational                  3. to create a culture of work ethics including
   activities, except:                                               maintaining effective and healthy relationships with
   a. providing funds to related parties in accordance               the Board of Directors; and
       with the Financial Services Authority Regulations
       regarding the maximum limit for granting credit



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                                                                                              Annual Report




4. Provide suggestions to members of the Board of                 necessary and taking into account applicable
   Commissioners regarding the implementation                     provisions.
   of the duties and obligations of the Board of              9. The Board of Commissioners has the authority to
   Commissioners.                                                 take action to manage the Company in certain
                                                                  circumstances for a certain period of time in
Authorities of the Board of Commissioners                         accordance with the provisions of the Company’s
                                                                  Articles of Association.
The authority of the Board of Commissioners as regulated      10. The Board of Commissioners has the authority to
in the Board of Commissioners’ Work Guidelines and                attend Board of Directors meetings and provide
Regulations is as follows:                                        opinions regarding the matters discussed.
1. The Board of Commissioners accepts and                     11. The Board of Commissioners has the right to
    implements the authority delegated and/or granted             be entitled to an honorarium, allowances and/
    to the Board of Commissioners in accordance with              or facilities including tantiem and similar post-
    the provisions of statutory regulations, articles of          employment benefits and the amount is determined
    association, and/or GMS decisions.                            by the GMS with due observance of the applicable
2. The Board of Commissioners has the authority to                laws and regulations.
    give approval to strategic plans, activities, reports     12. Carry out other supervisory authority as long as
    and/or other documents prepared by the Board of               it does not conflict with the provisions of laws and
    Directors and require approval from the Board of              regulations, the articles of association, and/or GMS
    Commissioners by considering the provisions in the            decisions.
    articles of association, statutory regulations, and the
    determination of Series A Dwiwarna Shareholders.          Decisions Requiring Approval of the Board
3. The Board of Commissioners has the right to examine        of Commissioners
    the Company’s documents, inspect the Company’s
    assets, check the condition of cash and securities,       With due observance of the Articles of Association, laws
    enter the grounds and buildings controlled and/or         and regulations, and provisions in the field of Capital
    used by the Company, and find out about all policies      Markets, the actions of the Board of Directors that require
    and actions that have been, are being, and has been       written approval from the Board of Commissioners:
    implemented by the Board of Directors.                    1. In carrying out its duties, the Board of Commissioners
4. The Board of Commissioners has the right to                    is prohibited from participating in decision-making
    establish communication and request information               regarding the Company’s operational activities,
    and/or clarification from the Board of Directors and/         except in the following cases:
    or Executive Officers regarding any matters related           a. The provision of funds to related parties as
    to the management of the Company, including                       stipulated in the regulations concerning the legal
    requesting the Board of Directors and/or Executive                lending limit for commercial banks; and
    Officers to attend the Board of Commissioners’                b. Other matters stipulated in the Company’s
    meetings with the knowledge of the Board of                       Articles of Association or applicable laws and
    Directors.                                                        regulations.
5. The Board of Commissioners has the authority to            2. The decision-making on the Company’s operational
    propose to the GMS about the appointment of a                 activities by the Board of Commissioners, as
    Public Accounting Firm and/or Public Accountant               mentioned above, is part of the Board’s supervisory
    who will provide audit services for annual historical         duties and does not eliminate the Board of Directors’
    financial information by taking into account                  responsibility for the Company’s management.
    recommendations from the Audit Committee.                 3. Taking into account the Company’s Articles of
6. The Board of Commissioners has the authority to                Association, applicable laws and regulations, and
    nominate new candidates for members of the Board              provisions in the Capital Market sector, as well as the
    of Directors and candidates for members of the DPS            determination by the Series A Dwiwarna Shareholder
    to the Shareholders based on recommendations                  regarding the limitations and criteria of actions by
    from the Remuneration and Nomination Committee                the Board of Directors that require approval from
    to be decided at the GMS.                                     the Board of Commissioners and/or the Series A
7. The Board of Commissioners has the authority                   Dwiwarna Shareholder, the actions of the Board
    to temporarily dismiss members of the Board of                of Directors that require written approval from the
    Directors in accordance with the provisions of the            Board of Commissioners consist of:
    Articles of Association.                                      a. Releasing/transferring         and/or      pledging
8. The Board of Commissioners has the authority to                    Company assets with criteria and values​​
    use experts for certain matters and within a certain              exceeding a certain amount determined by the
    period of time at the Company’s expense if deemed                 Board of Commissioners, except the Company’s



                                                                        PT Bank Tabungan Negara (Persero) Tbk    537
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                                                  Governance




      assets in the context of implementing the                         subsidiaries that provide significant contributions
      Company’s business activities in accordance                       to the Company and/or have strategic value as
      with the provisions of laws and regulations,                      determined by the Board of Commissioners;
      including assets in the form of credit, securities,           i. Conduct mergers, amalgamations, takeovers,
      collateral taken over, movable goods, and other                   separations, and dissolutions of subsidiaries and
      assets obtained in the context of the Company’s                   joint ventures with a certain value determined
      business activities, taking into account the                      by the Board of Commissioners by taking into
      provisions in the Capital Market and Banking                      account the provisions in the Capital Market and
      sectors;                                                          Banking sectors;
 b.   Writing off fixed assets due to certain conditions:           j. Carrying out actions included in material
      (1) Lost;                                                         transactions as stipulated by the provisions of
      (2) Destroyed;                                                    laws and regulations in the Capital Market sector
      (3) Damaged and cannot be transferred (total                      with a certain value determined by the Board of
          loss);                                                        Commissioners, unless such actions are included
      (4) he transfer costs are greater than the                        in material transactions that are excluded by the
          economic value obtained from the transfer;                    provisions of laws and regulations in the Capital
      (5) Dismantled to be rebuilt or built into another                Market sector;
          fixed asset, the budget for which has been                k. Actions that have not been stipulated in the RKAP;
          determined through the ratification of the           4.   The determination of the limitations and/or criteria
          RKAP;                                                     by the Board of Commissioners for the matters
      (6) Dismantled not to be rebuilt in connection                referred to in point 3 letters a, b, e, f, g, h, and i shall be
          with another program that has been planned                made by the Board of Commissioners after obtaining
          in the RKAP;                                              approval from the Series A Dwiwarna Shareholders.
      (7) Dismantled to be rebuilt in connection with a        5.   The approval of the Board of Commissioners
          government program; and/or                                specifically related to point 3 letters a, b, e, f, g, h, and
      (8) Based on the provisions of laws and/or                    i shall be granted by the Board of Commissioners
          court decisions that have permanent legal                 after obtaining approval from the Series A Dwiwarna
          force, the fixed asset is no longer owned or              Shareholders.
          controlled by the Company.                           6.   The actions of the Board of Directors referred to
 c.   Carrying out cooperation with business entities               in number 3 letters a and c, as long as they are
      or other parties, in the form of joint operations             necessary for the implementation of business
      (KSO), business cooperation (KSU), licensing                  activities that are commonly carried out in the
      cooperation, Build, Operate and Transfer (BOT),               banking business sector by taking into account the
      Build, Transfer and Operate (BTO), Build, Operate             provisions of laws and regulations, do not require the
      and Own (BOO) and other agreements of the                     approval of the Board of Commissioners and/or the
      same nature whose term or value exceeds that                  GMS.
      determined by the Board of Commissioners;                7.   The actions of the Board of Directors as referred to
 d.   Determine and change the Company’s logo;                      in number 3 letter b number (2), number (3), and
 e.   Determine the organizational structure 1 (one)                number (8) are carried out after obtaining the
      level below the Board of Directors;                           approval of the Series A Dwiwarna Shareholder.
 f.   Making capital participation, releasing capital          8.   In addition to the matters referred to in points 1 and
      participation including changes in capital                    3, actions by the Board of Directors that require
      structure with a certain value determined by the              approval from the Board of Commissioners are as
      Board of Commissioners in other companies,                    follows:
      subsidiaries and joint ventures that are not in               a. The Company’s Business Plan and Annual Work
      the context of rescuing receivables by taking into                and Budget Plan, including any changes and
      account the provisions in the Capital Market and                  additions, as well as other plans of the Company
      Banking sectors;                                                  as regulated by the prevailing laws and
 g.   Establish subsidiaries and/or joint ventures with                 regulations;
      a certain value determined by the Board of                    b. The approval of the Recovery Action Plan
      Commissioners by taking into account provisions                   (Recovery Plan);
      in the Capital Markets and Banking sectors;                   c. Internal policies of the Company as regulated by
 h.   Propose representatives of the Company to                         the laws and regulations;
      become candidates for Members of the Board                    d. Other actions as regulated by laws and
      of Directors and Board of Commissioners in                        regulations and/or deemed by the Board of
                                                                        Commissioners to require approval from the
                                                                        Board of Commissioners.



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                                                                                              Annual Report




9. The Board of Directors’ request for approval from         3. Members of the Board of Commissioners who have
    the Board of Commissioners must be submitted in              met the approval requirements of the Financial
    writing and must comply with internal provisions             Services Authority (OJK) while serving are required
    and applicable laws and regulations. Upon receiving          to have: a. Integrity; b. Competence; and c. Good
    such a request, the Board of Commissioners shall             reputation.
    provide a written decision within a maximum period       4. At least 1 (one) member of the Board of
    of 30 (thirty) days from the receipt of the request          Commissioners must be domiciled in Indonesia.
    letter from the Board of Directors or from the date      5. Candidates        for   Independent     Commissioners
    the complete request is received.                            must have: a. knowledge in the banking sector
10. In cases where the approval of the Board of                  that is adequate and relevant to the position as
    Commissioners also requires approval from the                Independent Commissioner; and b. Experience in
    Series A Dwiwarna Shareholders, the Board of                 banking and/or finance.
    Commissioners shall submit the request to the Series     6. Former members of the Board of Directors or
    A Dwiwarna Shareholders after the complete request           Executive Officers or parties who have a relationship
    from the Board of Directors has been received by the         with the Company who may influence the person’s
    Board of Commissioners. Subsequently, the Board              ability to act independently must undergo a waiting
    of Commissioners shall provide a written decision            period of at least 1 (one) year before becoming an
    to the Board of Directors after receiving the decision       Independent Commissioner.
    from the Series A Dwiwarna Shareholders.                 7. Waiting period for:
                                                                 a. Former President Director of the Company; and
Term of Office of the Board of                                   b. Former member of the Board of Directors who
Commissioners                                                        supervises the supervisory function or Executive
                                                                     Officer who carries out the supervisory function
Members of the Board of Commissioners are appointed                  at the Company, at least 6 (six) months before
for a term commencing from the appointment date                      becoming an Independent Commissioner at the
determined by GMS and ending at the closing of the                   Company.
5th (fifth) Annual GMS after the date of appointment,        8. Independent Commissioners do not have financial
provided that the tenures do not exceed 5 (five) years,          relationships, management relationships, ownership
with due observance of applicable regulations and                relationships, affiliate relationships, and/or family
legislation in the Capital Market, and without neglecting        relationships with other members of the Board of
the rights of GMS to dismiss any member of the Board of          Commissioners, members of the Board of Directors,
Commissioners at any time before their Term of Office            and/or controlling shareholders or relationships with
is over.                                                         the Company that could affect their ability to act
                                                                 independently.
After their term of office ends, members of the Board        9. Independent Commissioners do not have any direct
of Commissioners may be reappointed by GMS for one               or indirect business relationships related to the
term of office.                                                  Company’s business activities.
                                                             10. Independent Commissioners do not have any direct
Requirements for Members of the Board of                         or indirect business relationships related to the
Commissioners                                                    Company’s business activities.
                                                             11. Commissioners can be Independent Commissioners
The requirements for members of the Board                        in the Company or the Company’s business group
of Commissioners stipulated in the Board of                      by meeting the requirements as an Independent
Commissioners’ Work Guidelines and Code of Conduct               Commissioner.
are as follows:                                              12. Commissioners who will become Independent
1. Members of the Board of Commissioners are                     Commissioners in the Company are required to
   individuals who meet the requirements at the time             undergo a waiting period of at least 1 (one) year.
   of appointment and during his/her term of office          13. The transition from Commissioner to Independent
   in accordance with the Company’s articles of                  Commissioner must obtain approval from the
   association and statutory regulations.                        Financial Services Authority (OJK) through a fit and
2. Members of the Board of Commissioners must                    proper test in accordance with the Financial OJK
   meet the fit and proper test requirements in                  Regulations regarding fit and proper test for financial
   accordance with the Financial Services Authority              services institutions.
   (OJK) Regulations concerning fit and proper test for
   financial services institutions.




                                                                       PT Bank Tabungan Negara (Persero) Tbk      539
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                                                 Corporate
                                                 Governance




Work Guidelines and Manual of the Board of Commissioners

The Board of Commissioners has established guidelines and work procedures as outlined in the Board of Commissioners’
Decision No. 18/KOM/BTN/2024 dated December 18, 2024, regarding the Guidelines and Work Procedures for the Board
of Commissioners of PT Bank Tabungan Negara (Persero) Tbk. The Board of Commissioners’ Work Guidelines and
Regulations are prepared based on corporate legal principles, provisions of the Articles of Association, statutory
regulations and provisions, Shareholder directives, as well as Good Corporate Governance best practices.


The BOC’s Board Manual shall ensure the Board of Commissioners performs its duties effectively and efficiently, and it
shall also be used as a performance assessment tool for the Board of Commissioners. The Board Manual has stipulated
various aspects, as follows:



  Chapter I    General requirements              Article 1          Terms and Definitions

                                                 Article 2          Structure and Composition

                                                 Article 3          Membership Criteria

                                                 Article 4          Appointment
  Chapter II   Membership
                                                 Article 5          Term of Office

                                                 Article 6          Dual Positions

                                                 Article 7          Dismissal

                                                 Article 8          Duties and Obligations
               Duties, Responsibilities and
 Chapter III   Authority
                                                 Article 9          Authority

                                                 Article 10         Types of Meetings

                                                 Article 11         Call and Organization of Meetings

                                                 Article 12         Meeting Agenda
 Chapter IV    Meeting
                                                 Article 13         Chairing of Meetings

                                                 Article 14         Decision-Making

                                                 Article 15         Meeting Documentation

                                                 Article 16         Work Ethics

                                                 Article 17         Prohibitions

                                                 Article 18         Work Planning

                                                 Article 19         Work Division
 Chapter V     Working Mechanism
                                                 Article 20         Working Hours

                                                 Article 21         Performance Evaluation

                                                 Article 22         Reporting and Accountability

                                                 Article 23         Relationship between the Board of Commissioners
                                                                    and the Board of Directors

                                                 Article 24         (Secretary of the Board)
 Chapter VI    Supporting Organs
                                                 Article 25         Committees under the Board of Commissioners

                                                 Article 26         Competency Development
               Sustainable Competency
 Chapter VII   Development
                                                 Article 27         Training

                                                 Article 28         Certification

Chapter VIII Others                              Article 29         Stakeholder Relations




540      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                    Annual Report




Supervisory Duties of the Board of Commissioners

The distribution of the supervisory duties for the Board of Commissioners is listed as follows.


Table of Distribution of Duties of the Board of Commissioners

               Name                             Position                                             Field of Duty

                                    President Commissioner/
     Chandra M. Hamzah                                                   Remuneration and Nomination
                                    Independent

                                    Vice President Commissioner /
     Iqbal Latanro                                                       Audit (Internal & External), Remuneration, and Nomination
                                    Independent

     Armand B. Arief                Independent Commissioner             Risk Management and Compliance, Remuneration, and Nomination

     Sentot A. Sentausa             Independent Commissioner             Audit (Internal & External), Remuneration, and Nomination

     Adi Sulistyowati*              Independent Commissioner             Risk Management and Compliance, Remuneration, and Nomination

     Bambang Widjanarko*            Independent Commissioner             Audit (Internal & External), Remuneration, and Nomination

     Andin Hadiyanto                Commissioner                         Risk Management, Remuneration, and Nomination

     Herry Trisaputra Zuna          Commissioner                         Risk Management and Compliance, Remuneration, and Nomination

     Himawan Arief Sugoto           Commissioner                         Risk Management and Compliance, Remuneration, and Nomination

     Mohamad Yusuf Permana**        Commissioner                         Remuneration and Nomination

* Appointed at the Annual General Meeting of Shareholders (RUPST) on March 6, 2024, and passed the capability and compliance assessments evaluation
   on October 7, 2024.
** Term of office ended on March 4, 2024, as confirmed at the Annual General Meeting of Shareholders (RUPST) on March 6, 2024



Policy on Concurrent Positions of the Board                                        a member of the board of commissioners, or an
of Commissioners                                                                   executive officer performing supervisory functions
                                                                                   at one (1) non-bank subsidiary company controlled
1.     Member of the Board of Commissioners is prohibited                          by the Corporation;
       from holding concurrent positions:                                      b. A commissioner performs functional duties on
       a. as a member of the board of directors, member of                         behalf of the shareholder of the Corporation in the
            the board of commissioners, member of the Sharia                       form of a legal entity within the Corporation and/or
            Supervisory Board (DPS), or executive officer at                       its business group; and/or
            a financial institution or financial company, both                 c. A member of the Board of Commissioners holds a
            bank and non-bank;                                                     position in a non-profit organization or institution, as
       b. as a member of the board of directors, member                            long as it does not cause the individual to neglect
            of the board of commissioners, member of the                           their duties and responsibilities as a member of the
            Sharia Supervisory Board (DPS), or executive officer                   Board of Commissioners.
            at more than one (1) non-financial institution or               3. With certain considerations, the Financial Services
            company, whether located domestically or abroad;                   Authority may establish policies regarding dual
       c. in a functional role at a financial institution, both                positions as referred to in point 1 letter c above, provided
            banking and non-banking, whether located                           that it does not result in the individual neglecting the
            domestically or abroad;                                            performance of their duties and responsibilities as a
       d. officials of political parties and/or candidates/                    member of the Board of Commissioners.
            members of the legislature, candidates for regional             4. A candidate for a member of the Board of
            heads/deputy regional heads, and/or regional                       Commissioners who holds a position as referred to in
            heads/deputy regional heads;                                       point 2 must provide a statement to:
       e. in any other position that may cause a conflict of                   a. Maintain integrity;
            interest in carrying out duties as a member of the                 b. Avoid any form of conflict of interest; and
            Board of Commissioners; and/or                                     c. Avoid actions that could harm the Company and/
       f. in any other position in accordance with the                             or cause the Company to violate the principles of
            provisions of the laws and regulations.                                prudence during their tenure as a member of the
2.     This does not include holding multiple positions in the                     Board of Commissioners.
       following cases:                                                     5. Independent Commissioners are prohibited from
       a. A member of the Board of Commissioners holds                         holding concurrent positions as public officials
            a position as a member of the board of directors,               .



                                                                                          PT Bank Tabungan Negara (Persero) Tbk             541
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                                                                       Corporate
                                                                       Governance




Table of Concurrent Positions of the Board of Commissioners

                                                                                      Positions in Other                      Name of Other Company/
             Name                                  Position
                                                                                    Companies/Institutions                          Institution

    Chandra M. Hamzah                President Commissioner/                    Partner                                      Assegaf Hamzah and Partners
                                     Independent                                                                             Lawfirm

    Iqbal Latanro                    Vice President Commissioner /              -                                            -
                                     Independent

    Armand B. Arief                  Independent                                Independent Commissioner                     PT Cardig Aero Services Tbk
                                     Commissioner

    Sentot A. Sentausa               Independent                                -                                            -
                                     Commissioner

    Adi Sulistyowati*                Independent                                -                                            -
                                     Commissioner

    Bambang Widjanarko*              Independent                                -                                            -
                                     Commissioner

    Andin Hadiyanto                  Commissioner                               Head of Finance Education and                Ministry of Finance
                                                                                Training Agency (FETA)

                                                                                The Acting official President                Ministry of Finance
                                                                                Director of Educational Fund
                                                                                Management Institution

    Himawan Arief Sugoto             Commissioner                               Principal Advisor to the Minister            Ministry of Agrarian Affairs and
                                                                                of Ministry of Agrarian Affairs              Spatial Planning/ National Land
                                                                                and Spatial Planning/National                Agency
                                                                                Land Agency

    Herry Trisaputra Zuna            Commissioner                               Road and Bridge Management                   Ministry of Public Works
                                                                                Expert Lead

    Mohamad Yusuf                    Commissioner                               Head of the Protocol Bureau. ***             Ministry of State Secretariat
    Permana**

*   Appointed at the Annual General Meeting of Shareholders (RUPST) on March 6, 2024, and passed the capability and compliance assessments on October 7,
    2024
** Term of office ended on March 4, 2024, as confirmed at the Annual General Meeting of Shareholders (RUPST) on March 6, 2024
*** The data at the time of the termination of the term of office at the Annual General Meeting of Shareholders (RUPST) for the Fiscal Year 2023, held on March 6, 2024.




Management of Conflict of Interest of The                                              2. Disclose his and/or his family’s share ownership of
Board of Commissioners                                                                    5% (five percent) or more in the Company or in other
                                                                                          domestic and abroad companies;
The Board of Commissioners is prohibited from being                                    3. Disclose family relationships, financial relationships,
involved in making decisions related to banking                                           management relations, ownership relations with
operational activities, except for the provision of funds                                 other members of the Board of Commissioners,
to related parties and other matters regulated in the                                     members of the Board of Directors, controlling
Company’s Articles of Association or applicable laws                                      shareholders of the Company, and/or other parties
and regulations. The said involvement or approval                                         within the Company’s business;
of the Board of Commissioners does not negate the                                      4. Disclose the existence of concurrent positions;
responsibility of the Board of Directors in implementing                               5. Making disclosures in terms of decision making must
the management of the Company. The Board of                                               be taken in conditions of a conflict of interest and the
Commissioners is also prohibited from being involved in                                   member of the Board of Commissioners concerned
making decisions that may cause a conflict of interest                                    must not involve themselves in the Company’s
and/or against the laws and regulations and the Code                                      decision-making process relating to this matter;
of Conduct. Therefore, the Board of Commissioners must                                 6. Do not request, receive, permit, and/or agree to
avoid conflicts of interest by always doing the following:                                receive compensation, commission, additional
1. Prioritize the Company’s interests and not diminish                                    money, services, money, valuables, and/or anything
    the Company’s financial interest in the event of a                                    that has economic value or other benefits, for
    conflict of interest;                                                                 personal, family, and other parties’ benefit, in
                                                                                          carrying out the Company’s business activities and
                                                                                          other activities related to the Company.


542          PT Bank Tabungan Negara (Persero) Tbk
Page 112
                                                                                                          2024
                                                                                                  Annual Report




Independent Commissioner

The composition of the Board of Commissioners of the Company as of December 31, 2024, consists of 9 (nine)
members, with 6 (six) of them serving as Independent Commissioners, which represents 66.67% (sixty-six point
six seven percent) of the total members of the Board of Commissioners. The composition of the members of the
Board of Commissioners has complied with the provisions of the OJK Regulation number 17 of 2023 concerning the
Implementation of Governance for Commercial Banks which stipulates that Independent Commissioners must be at
least 50% (fifty percent) of the total members of the Board of Commissioners.


Criteria for Independent Commissioners

The criteria for Independent Commissioners’ appointment refer to the OJK Regulation No. 33/POJK.04/2014 dated
December 8, 2014, regarding the Board of Directors and Board of Commissioners of Issuers or Public Companies. The
criteria for Independent Commissioners are as follows:



                                                                     Independent Commissioner
     Independent Commissioner
              Criteria                            Chandra   Iqbal     Armand     Sentot A.         Adi            Bambang
                                                 M. Hamzah Latanro    B. Arief   Sentausa     Sulistyowati        Widjanarko

 Not a person who works or has the
 authority and responsibility to plan, lead,
 control, or supervise the activities of the
 Issuer or Public Company within the last
 6 (six) months, except for reappointment
 as an Independent Commissioner of
 the Issuer or Public Company in the next
 period.

 Not having shares directly or indirectly
 with the Issuer or Public Company.

 Does not have an affiliate relationship
 with the Issuer or Public Company,
 members of the Board of Commissioners,
 members of the Board of Directors, or the
 majority shareholders of the Issuer or
 Public Company.

 Does not have a business relationship,
 either directly or indirectly, related to the
 business activity of the Issuer or Public
 Company.



Statement of Independent Commissioners

The Company’s Independent Commissioners have prepared and signed an Independent Statement and submitted it
to the FSA, with respectively the following statements:
1. Has no financial, management, ownership, and/ or family relationship with the Bank, that may affect the ability to
    act independently as stipulated in the Financial Services Authority Regulation that regulates the Implementation of
    Governance for Commercial Banks;
2. In the event that on a later date, the Board of Commissioners has been found to have a relationship as referred
    to in number 1, the member of the Board of Commissioners is willing to surrender the position and is willing to be
    replaced.


In addition to the independence statement, members of the Board of Commissioners shall also report any changes to
the status that may affect its independence as well as ensure that this practice has been implemented in accordance
with the GCG principles. .




                                                                            PT Bank Tabungan Negara (Persero) Tbk       543
Page 113
                                                  Corporate
                                                  Governance




In detail, the independence statement letter is referred to as stated below.




544      PT Bank Tabungan Negara (Persero) Tbk
Page 114
                              2024
                      Annual Report




PT Bank Tabungan Negara (Persero) Tbk   545
Page 115
                                                  Corporate
                                                  Governance




Meeting of the Board of Commissioners                          7.  The invitation is not required for meetings that have
                                                                   been scheduled upon the decisions of the Board of
Meeting Policy                                                     Commissioner’s meetings held previously.
1. The Board of Commissioners shall hold regular               8. Invitation to the meeting must include the agenda,
   meeting at least 1 (once) a month, hereinafter                  date, time and venue of the meeting.
   referred to as the Board of Commissioner’s Meeting.         9. The meeting is commenced in the Company’s
2. The Board of Commissioners must hold regular                    domicile or other places in the territory of the
   meetings with the Board of Directors at least 1 (one)           Republic of Indonesia or the Company’s business
   time in 4 (four) months, hereinafter referred to as             activities.
   the Board of Commissioners and Directors’ Joint             10. The meeting is valid and shall have right to take a
   Meeting.                                                        binding resolution if attended and/or represented by
3. The Board of Commissioners is required to hold a                more than ½ (one half) of the total members of the
   meeting with the Sharia Supervisory Board (DPS)                 Board of Commissioners.
   regularly at least once every 4 (four) months,              11. Each member of the Board of Commissioners
   hereinafter referred to as the meeting of the Board of          must attend at least 75% (seventy-five percent)
   Commissioners with the DPS.                                     of each of the total number of Meetings of the
4. The Board of Commissioners may hold a meeting at                Board of Commissioners, Meetings of the Board of
   any time at the request of 1 (one) or several members           Commissioners with the Board of Directors, and
   of the Board of Commissioners or the Board of                   Meetings of the Board of Commissioners with DPS
   Directors, by specifying matters to be discussed.               held in 1 (one) fiscal year.


MEETING SUMMONS AND COMMENCEMENT                               MEETING MATERIALS
1. The Board of Commissioners’ Meeting and the Board           1. Meeting materials can be distributed to all meeting
   of Commissioners and Directors’ Join Meeting must              participants at least 5 (five) working days before the
   be commenced if attended by majority members of                meeting is held.
   the Board of Commissioners.                                 2. In the event the meeting is held outside schedule due
2. The commencement of the Board of Commissioner’s                to urgent and important issue, meeting materials
   meeting must be attended by all members of the                 can be delivered before the meeting is commenced.
   Board of Commissioners physically at least 2 (twice)
   in 1 (one) year.                                            CHAIRMAN OF MEETING
3. In the event that a member of the Board of                  1. The meeting is chaired by the President
   Commissioners is unable to attend a meeting                    Commissioner.
   in person, the member may attend the meeting                2. In the event that the President Commissioner is absent
   through teleconference, video conference, or other             or unable to attend, the Vice President Commissioner
   electronic media facilities in accordance with                 shall chair the Board of Commissioners Meeting or a
   applicable regulations.                                        member of the Board of Commissioners appointed
4. Summons for a meeting must be conducted by                     by the deputy head Commissioner who presides
   the President Commissioners, and in the event the              over the Board of Commissioners Meeting if, at the
   President Commissioners is absent, which does not              same time, the Head Commissioner is absent or
   need to be proven to any party, the summons for a              unavailable and does not make the appointment.
   meeting is made by the Vice President Commissioner.         3. In the event the Vice President Commissioner is
5. In the event the Vice President Commissioner is                absent due to any reason, which does not need to be
   absent due to any reason, which does not need to be            proven to any party, the summons for a meeting is
   proven to any party, the summons for a meeting is              made by a member of the Board of Commissioners,
   made by a member of the Board of Commissioners.                being present and nominated in the meeting.
6. Invitation for the Board of Commissioners’ Meeting          4. In the event the President Commissioner does not
   is made in writing or directly delivered to each               make appointment, senior member of the Board of
   member of the Board of Commissioner with a                     Commissioners serving as member of the Board of
   sufficient receipt, or by registered mail, or courier          Commissioners acts as the chairman of the meeting.
   service or by telex, facsimile, or email no later than
   5 (five) days before the meeting is held, excluding
   the date of summons and the date of the meeting,
   or sooner considering the urgency.




546      PT Bank Tabungan Negara (Persero) Tbk
Page 116
                                                                                                          2024
                                                                                                  Annual Report




5. In the event senior member of the Board of                   11. Decisions taken in this way have the same legal
   Commissioners serving as member of the Board of                  standing as decisions legally taken at a Board of
   Commissioners is more than one, the oldest member                Commissioners’ Meeting.
   of the Board of Commissioner acts as the chairman            12. All decisions of the Board of Commissioners are binding
   of the meeting.                                                  on all members of the Board of Commissioners.
6. If GMS does not appoint a Vice President                     13. Each member of the Board of Commissioners who
   Commissioner, in the event the President                         personally in any way, either directly or indirectly, has
   Commissioner is absent or unable to attend, the                  an interest in a transaction, contract or proposed
   Board of Commissioner’s Meeting is chaired by                    contract in which the Company is a party, must
   another member of the Board of Commissioner                      declare the nature of his/her interest at the Board of
   appointed by the President Commissioner.                         Commissioners’ Meeting and has no right to participate
                                                                    in decision making regarding matters relating to the
DECISION MAKING                                                     transaction or contract.
1. The Board of Commissioners is an assembly and each
    member of the Board of Commissioners cannot act             MEETING DOCUMENTATION
    independently, but rather based on the decision of the      1. Documentation of the meeting must be included in
    Board of Commissioners.                                        the Minutes of Meeting.
2. All decisions of the Board of Commissioners are taken        2. The Board of Commissioners must prepare minutes
    at meetings.                                                   of meetings as referred to in and document them in
3. Decision making at the Board of Commissioners’                  accordance with the provisions of regulations.
    Meeting must firstly be made based on deliberation to       3. Minutes of the Board of Commissioners’ Meeting
    reach consensus.                                               must be prepared by someone present at the
4. In the event that a decision based on deliberation to           meeting appointed by the chairman of the meeting
    reach consensus is not reached, then the decision              and then signed by all members of the Board
    must be taken by voting based on affirmative votes of          of Commissioners present and submitted to all
    more than ½ (one-half) of the number of valid votes            members of the Board of Commissioners.
    cast at the relevant meeting.                               4. Minutes of meetings of the Board of Commissioners
5. Each member of the Board of Commissioners has the               and Directors’ Joint Meeting must be drawn up
    right to cast 1 (one) vote and an additional 1 (one) vote      by someone, being present at the meeting and
    for each other member of the Board of Commissioners,           appointed by the chairman of the meeting, signed by
    whom he or she legally represents at the meeting.              all members of the Board of Commissioners and the
6. In the event that there is more than 1 (one) proposal, a        Board of Directors who are present, and submitted to
    reelection will be carried out so that 1 (one) proposal        all members of the Board of Commissioners and the
    receives more than ½ (one-half) of the total votes cast.       Board of Directors.
7. A blank vote is deemed to approve the proposal               5. The minutes of the Board of Commissioners’ meeting
    submitted at the meeting.                                      with the Sharia Supervisory Board (DPS) must be
8. Invalid votes are considered non-existent and are not           prepared by a person present at the meeting, who
    counted in determining the number of votes cast at             is appointed by the meeting’s chairperson. The
    the meeting.                                                   minutes should then be signed by all members
9. Voting regarding individuals is carried out using               of the Board of Commissioners and DPS who were
    closed ballot papers without signatures, while voting          present and distributed to all members of the Board
    regarding other matters is carried out verbally, unless        of Commissioners and DPS.
    the chairman of the meeting determines otherwise            6. Dissenting opinion that may arise at the meeting
    without any objection based on the majority of votes           must be stated clearly in the minutes of the meeting
    from those present.                                            along with the reasons for the dissenting opinion.
10. If there are urgent and very important matters for          7. In the event that there are members of the Board
    the Company, the Board of Commissioners can also               of Commissioners and/or members of the Board of
    make valid decisions without holding a Board of                Directors who do not sign the results of the meeting,
    Commissioners Meeting provided that all members                the related person must state the reasons in writing
    of the Board of Commissioners have been notified in            in a separate letter attached to the minutes of the
    writing and all members of the Board of Commissioners          meeting.
    have given their approval regarding the proposal            8. Minutes of meetings must be documented by the
    submitted in writing and signing the agreement.                Company.
                                                                9. Minutes of meetings are valid evidence for members
                                                                   of the Board of Commissioners and for third parties
                                                                   regarding the decisions taken at the said meeting.




                                                                           PT Bank Tabungan Negara (Persero) Tbk      547
Page 117
                                                                    Corporate
                                                                    Governance




Internal Meeting of the Board of Commissioners

BOARD OF COMMISSIONERS INTERNAL MEETING PLAN


Based on the 2024 Board of Commissioners Work Program, the Board of Commissioners’ meeting plans had been held
36 (thirty-six) times in 1 (one) year or 3 (three) times in 1 (one) month from the minimum commencement requirements
in the OJK Regulations as of 1 (one) ) times in 2 (two) months. The Board of Commissioners’ meetings are generally
held on Wednesdays or as required.


The Board of Commissioners also holds joint meetings with the Board of Commissioners’ Supporting Organ Committees
which in the outline will discuss the following agenda:
• Current Issues.
• Review/study of reports/incoming letters and progress of follow-up advice/directions to the previous Board of
   Directors.
• Exposure of the Board of Commissioners’ Supporting Organs Committee in the form of suggestions, opinions/
   recommendations to the Board of Commissioners regarding the review/studies that have been carried out to
   further serve as input for the Board of Commissioners in providing direction and advice to the Board of Directors as
   a form of active oversight by the Board of Commissioners.
• Exposure of the Audit Committee to the Findings of the Bank’s Internal and/or External Audit Results and performance
   reviews of financial performance.


REALIZATION OF INTERNAL MEETING OF THE BOARD OF COMMISSIONERS


Throughout 2024, the Board of Commissioners has held 53 (fifty three) internal meetings. In detail, it is presented in the
table as follows:


Table of Board of Commissioners Internal Meetings

                                                                                                                   Herry   Himawan Mohamad
       Meeting                             Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                       Agenda                                                                                Trisaputra   Arief   Yusuf
        Date                              M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                                   Zuna     Sugoto Permana


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      January 10,        Results
 1.                                        Present   Present   Present   Present                     Present   Present   Present   Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      January 17,        Results
 2.                                        Present   Present   Present   Present                     Present   Present   Present   Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      January 24,        Results
 3.                                        Present   Present   Present   Present                     Present   Present   Present   Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      January 31,        Results
 4.                                        Present   Present   Present   Present                     Present   Present   Present   Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     Closing Meeting
      February 01,   Audit of Financial
 5.                  Statements            Present   Present   Present   Present                     Present   Present   Present   Present
      2024
                     December 31,
                     2023




548           PT Bank Tabungan Negara (Persero) Tbk
Page 118
                                                                                                                                  2024
                                                                                                                          Annual Report




                                                                                                                   Herry   Himawan Mohamad
       Meeting                             Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                       Agenda                                                                                Trisaputra   Arief   Yusuf
        Date                              M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                                   Zuna     Sugoto Permana


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      February 07,       Results
6.                                         Present   Present   Present   Present                                Present   Present    Present   Present
      2024         •     Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      February 13,       Results
7.                                         Present   Present   Present   Present                                Present   Present    Present   Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      February 21,       Results
8.                                         Present   Present   Present   Present                                 hadir     hadir      hadir    Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      February           Results
9.                                         Present   Present   Present   Present                                Present   Present    Present   Present
      28, 2024       •   Latest
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      March 06,          Results
10.                                        Present   Present   Present   Present                                Present   Present    Present
      2024           •   Latest
                         Information
                     •   Other
                         Information


                     Composition
                     of the Board of
                     Commissioners
                     Committee                                                     not present    not present
      March 06,      Members in                                                                                             Not        Not
11.                                        Present   Present   Present   Present      as an          as an      Present
      2024           connection with                                                                                      Present    Present
                                                                                    observer       observer
                     the results of the
                     Annual GMS for
                     Financial Year
                     2023


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting
      March 13,          Results                                                    Present as    Present as
12.                                        Present   Present   Present   Present                                Present   Present    Present
      2024           •   Latest                                                    an observer   an observer
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting                                                               not present
      March 20,          Results                                                    Present as
13.                                        Present   Present   Present   Present                     as an      Present   Present    Present
      2024           •   Latest                                                    an observer
                                                                                                   observer
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting                                                               not present
      March 27,          Results                                                    Present as
14.                                        Present   Present   Present   Present                     as an      Present   Present    Present
      2024           •   Latest                                                    an observer
                                                                                                   observer
                         Information
                     •   Other
                         Information


                     •   Incoming Mail
                     •   Evaluation
                         of Meeting                                                               not present
      April 03,          Results                                                    Present as
15.                                        Present   Present   Present   Present                     as an      Present   Present    Present
      2024           •   Latest                                                    an observer
                                                                                                   observer
                         Information
                     •   Other
                         Information




                                                                                                 PT Bank Tabungan Negara (Persero) Tbk         549
Page 119
                                                                    Corporate
                                                                    Governance




                                                                                                                   Herry   Himawan Mohamad
       Meeting                             Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                        Agenda                                                                               Trisaputra   Arief   Yusuf
        Date                              M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                                   Zuna     Sugoto Permana


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting                                               Not present
      April 24,           Results                                                                 Present as
16.                                        Present   Present   Present   Present     as an                     Present   Present   Present
      2024            •   Latest                                                                 an observer
                                                                                    observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      April 30,           Results                                                   Present as    Present as
17.                                        Present   Present   Present   Present                               Present   Present   Present
      2024            •   Latest                                                   an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      May 08,             Results                                                   Present as    Present as
18.                                        Present   Present   Present   Present                               Present   Present   Present
      2024            •   Latest                                                   an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      May 15,             Results                                                   Present as    Present as
19.                                        Present   Present   Present   Present                               Present   Present   Present
      2024            •   Latest                                                   an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      May 22,             Results                                                   Present as    Present as
20.                                        Present   Present   Present   Present                               Present   Present   Present
      2024            •   Latest                                                   an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      May 29,             Results                                                   Present as    Present as
21.                                        Present   Present   Present   Present                               Present   Present   Present
      2024            •   Latest                                                   an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting                                               Not present
      June 05,            Results                                                                 Present as
22.                                        Present   Present   Present   Present     as an                     Present   Present   Present
      2024            •   Latest                                                                 an observer
                                                                                    observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting                                               Not present
      June 12,            Results                                                                 Present as
23.                                        Present   Present   Present   Present     as an                     Present   Present   Present
      2024            •   Latest                                                                 an observer
                                                                                    observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      June 19,            Results            Not       Not                          Present as    Present as
24.                                                            Present   Present                               Present   Present   Present
      2024            •   Latest           present   present                       an observer   an observer
                          Information
                      •   Other
                          Information


                      •   Incoming Mail
                      •   Evaluation
                          of Meeting
      June 26,            Results                                          Not      Present as    Present as
25.                                        Present   Present   Present                                         Present   Present   Present
      2024            •   Latest                                         Present   an observer   an observer
                          Information
                      •   Other
                          Information




550               PT Bank Tabungan Negara (Persero) Tbk
Page 120
                                                                                                                               2024
                                                                                                                       Annual Report




                                                                                                                 Herry   Himawan Mohamad
       Meeting                           Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                      Agenda                                                                               Trisaputra   Arief   Yusuf
        Date                            M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                                 Zuna     Sugoto Permana


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting                                               Not present
      July 03,          Results                                                                 Present as
26.                                      Present   Present   Present   Present     as an                     Present   Present    Present
      2024          •   Latest                                                                 an observer
                                                                                  observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
                        Results                                                   Present as    Present as
27. July 10 2024                         Present   Present   Present   Present                               Present   Present    Present
                    •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information


                    Discussion of
                    Vision - Mission                                              Present as    Present as
28. July 12, 2024   Alignment in         Present   Present   Present   Present                               Present   Present    Present
                                                                                 an observer   an observer
                    BTN's RJPP 2025-
                    2029


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
                        Results                                                   Present as    Present as
29. July 17, 2024                        Present   Present   Present   Present                               Present   Present    Present
                    •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      July 24,          Results                                                   Present as    Present as
30.                                      Present   Present   Present   Present                               Present   Present    Present
      2024          •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
                        Results                                                   Present as    Present as
31. July 31, 2024   •   Latest           Present   Present   Present   Present                               Present   Present    Present
                                                                                 an observer   an observer
                        Information
                    •   Other
                        Information



                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      August 07,        Results                                                   Present as    Present as
32.                                      Present   Present   Present   Present                               Present   Present    Present
      2024          •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      August 14,        Results                                                   Present as    Present as
33.                                      Present   Present   Present   Present                               Present   Present    Present
      2024          •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      August 21,        Results                                                   Present as    Present as
34.                 •   Latest           Present   Present   Present   Present                               Present   Present    Present
      2024                                                                       an observer   an observer
                        Information
                    •   Other
                        Information



                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      August 28,        Results                                                   Present as    Present as
35.                                      Present   Present   Present   Present                               Present   Present    Present
      2024          •   Latest                                                   an observer   an observer
                        Information
                    •   Other
                        Information




                                                                                               PT Bank Tabungan Negara (Persero) Tbk        551
Page 121
                                                                   Corporate
                                                                   Governance




                                                                                                                  Herry   Himawan Mohamad
       Meeting                            Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                      Agenda                                                                                Trisaputra   Arief   Yusuf
        Date                             M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                                  Zuna     Sugoto Permana


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      September         Results                                                    Present as    Present as
36.                                       Present   Present   Present   Present                               Present   Present   Present
      04, 2024      •   Latest                                                    an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      September         Results                                                    Present as    Present as
37.                                       Present   Present   Present   Present                               Present   Present   Present
      11, 2024      •   Latest                                                    an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      September         Results                                                    Present as    Present as
38.                                       Present   Present   Present   Present                               Present   Present   Present
      18, 2024      •   Latest                                                    an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      September         Results                                                    Present as    Present as
39.                                       Present   Present   Present   Present                               Present   Present   Present
      25, 2024      •   Latest                                                    an observer   an observer
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      October 02,       Results                                                    Present as    Present as
40.                                       Present   Present   Present   Present                               Present   Present   Present
      2024          •   Latest                                                    an observer   an observer
                        Information
                    •   Other
                        Information


                    Cloud System
                    Environment
      October 07,   Audit Results
41.                 and Information       Present   Present   Present   Present     Present       Present     Present   Present    hadir
      2024
                    Technology
                    Strategic Plan
                    Initiatives


                    •   Surat Masuk
                    •   Evaluasi Hasil
      October 09,       Rapat               Not
42.                                                 Present   Present   Present     Present       Present     Present   Present    hadir
      2024          •   Informasi         present
                        Terkini
                    •   Informasi Lain


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      October 16,       Results
43.                                       Present   Present   Present   Present     Present       Present     Present   Present    hadir
      2024          •   Latest
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      October 23,       Results
44.                                       Present   Present   Present   Present     Present       Present     Present   Present    hadir
      2024          •   Latest
                        Information
                    •   Other
                        Information


                    •   Incoming Mail
                    •   Evaluation
                        of Meeting
      October 30,       Results
45.                                       Present   Present   Present   Present     Present       Present     Present   Present    hadir
      2024          •   Latest
                        Information
                    •   Other
                        Information




552          PT Bank Tabungan Negara (Persero) Tbk
Page 122
                                                                                                                      2024
                                                                                                              Annual Report




                                                                                                              Herry   Himawan Mohamad
       Meeting                        Chandra   Iqbal Armand Sentot A.        Adi     Bambang      Andin
No.                   Agenda                                                                               Trisaputra   Arief   Yusuf
        Date                         M. Hamzah Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto
                                                                                                              Zuna     Sugoto Permana


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      November       Results            Not                 Not                                                 Not
46.                                             Present             Present   Present     Present   Present              Present
      06, 2024   •   Latest           present             present                                             present
                     Information
                 •   Other
                     Information


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      November       Results
47.                                   Present   Present   Present   Present   Present     Present   Present   Present    Present
      13, 2024   •   Latest
                     Information
                 •   Other
                     Information


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      November       Results            Not
48.                                             Present   Present   Present   Present     Present   Present   Present    Present
      20, 2024   •   Latest           present
                     Information
                 •   Other
                     Information


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      November       Results
49.                                   Present   Present   Present   Present   Present     Present   Present   Present    Present
      28, 2024   •   Latest
                     Information
                 •   Other
                     Information


                 Discussion of the
                 Tantiem Budget
                 of the Board
                 of Directors
                 and Board of
      November   Commissioners
50.              of PT Bank           Present   Present   Present   Present   Present     Present   Present   Present    Present
      29, 2024
                 Tabungan
                 Negara (Persero)
                 Tbk in the
                 Company's Work
                 Plan and Budget
                 (RKAP) Year 2025


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      December       Results
51.                                   Present   Present   Present   Present   Present     Present   Present   Present    Present
      04, 2024   •   Latest
                     Information
                 •   Other
                     Information


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      December       Results                      Not
52.                                   Present             Present   Present   Present     Present   Present   Present    Present
      11, 2024   •   Latest                     present
                     Information
                 •   Other
                     Information


                 •   Incoming Mail
                 •   Evaluation
                     of Meeting
      December       Results
53.                                   Present   Present   Present   Present   Present     Present   Present   Present    Present
      18, 2024   •   Latest
                     Information
                 •   Other
                     Information




                                                                                        PT Bank Tabungan Negara (Persero) Tbk      553
Page 123
                                                              Corporate
                                                              Governance




Joint Meeting of The Board of Commissioners and the Board of Directors

JOINT MEETING PLAN OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORSI


Based on the decision made in the Board of Commissioners Meeting, it is decided that a joint meeting with the Board
Of Commissioners is held in the period of at least 1 (once) every 4 (four) months. The topics discussed include:lah:
1. Compilation of Bank Business Plan (RBB) and Company Work Plan and Budget (RKAP).
2. Evaluation of the Company’s performance achievements
3. Implementation of Anti-Money Laundering, Countering the Financing of Terrorism, and Countering the Financing of
    Weapons of Mass Destruction programs
4. Implementation of Good Corporate Governance
5. Follow-up on findings from both internal and external audits.


In 2024, it was agreed that joint meetings would be scheduled on Wednesdays of the third week of each month. The
Board of Commissioners’ meeting with the Board of Directors is held in odd months and initiated by the Board of
Commissioners, while the Board of Directors’ meeting with the Board of Commissioners is held in even months and
initiated by the Board of Directors. Both the joint meetings of the Board of Commissioners and the Board of Directors
are conducted in accordance with the Company’s Articles of Association..


REALIZATION OF BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS MEETINGS


In 2024, the Board of Commissioners conducted 8 (eight) joint meetings with the Board of Directors initiated by the
Board of Commissioners. Detailed information regarding the joint meeting attendees is presented below.


Table of Joint Meeting of the Board of Commissioners and the Board of Directors

                                                                        Board of Commissioners                 Board of Directors
        Meeting
 No.                                  Agenda
         Date
                                                                       Participant        Attendance      Participant          Attendance

  1.   January 24,   1. Bankwide Performance Review as of           1. Chandra M.         1. Present   1. Nixon L.P.          1. Present
       2024             December 2023                                  Hamzah             2. Present       Napitupulu         2. Present
                     2. UUS Performance Review as of                2. Iqbal Latanro      3. Present   2. Oni Febriarto       3. Not Present
                        December 2023                               3. Armand B. Arief    4. Present       Rahardjo           4. Present
                     3. Monitoring of Risk Appetite, Risk           4. Sentot A.          5. Present   3. Andi Nirwoto        5. Present
                        Tolerance, and Recovery Plan for               Sentausa           6. Present   4. Elisabeth Novie     6. Present
                        Bankwide and UUS as of December 2023        5. Andin Hadiyanto    7. Present       Riswanti           7. Present
                     4. Progress on the Implementation of           6. Herry Trisaputra   8. Present   5. Hirwandi Gafar      8. Present
                        Corporate Plan Initiatives, Including          Zuna                            6. Jasmin              9. Present
                        Profitability Aspects, as of December       7. Himawan Arief                   7. Setiyo Wibowo       10. Present
                        2023                                           Sugoto                          8. Nofry Rony Poetra
                     5. Evaluation and Monitoring of New            8. Mohamad Yusuf                   9. Eko Waluyo
                        Bank Products (PBB) and Activities for         Permana                         10. Hakim Putratama
                        the Bank’s Interests (KuKB), Including
                        Profitability Aspects, as of December
                        2023
                     6. Progress on the Completion of Credit
                        Documents and Customer Information
                        File (CIF) Data Improvement as of
                        December 2023
                     7. Report on the Implementation
                        of Anti-Money Laundering (AML),
                        Counter-Terrorism Financing (CFT),
                        and Prevention of the Financing of
                        the Proliferation of Weapons of Mass
                        Destruction (PFWMD) for the Second
                        Semester of 2023
                     8. Draft of the Joint Agreement Letter
                        between the Board of Commissioners
                        and the Board of Directors on the
                        Guidelines for the Working Relationship
                        between the Board of Commissioners
                        and the Board of Directors
                     9. Plan for the Utilization of Menara II BTN
                        Building.




554       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                             2024
                                                                                                                     Annual Report




                                                                        Board of Commissioners                     Board of Directors
       Meeting
No.                                   Agenda
        Date
                                                                       Participant        Attendance          Participant            Attendance

2.    20 Maret        1. Bankwide Performance Review as of          1. Chandra M.         1. Present       1. Nixon L.P.          1. Present
      2024               February 2024                                 Hamzah             2. Present           Napitupulu         2. Present
                      2. UUS Performance Review as of               2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                         February 2024                              3. Armand B. Arief    4. Present           Rahardjo           4. Present
                      3. Monitoring of Risk Appetite, Risk          4. Sentot A.          5. Present as    3. Andi Nirwoto        5. Present
                         Tolerance, and Recovery Plan for              Sentausa              an observer   4. Elisabeth Novie     6. Present
                         Bankwide and UUS as of February 2024       5. Adi Sulistyowati   6. Not present       Riswanti           7. Present
                      4. Progress on Customer Data                  6. Bambang               as an         5. Hirwandi Gafar      8. Present
                         Improvement or Customer                       Widjanarko            observer      6. Jasmin              9. Present
                         Identification File (CIF) as of February   7. Andin Hadiyanto    7. Present       7. Setiyo Wibowo       10. Present
                         2024                                       8. Herry Trisaputra   8. Present       8. Nofry Rony Poetra   11. Present as an
                      5. Monitoring the Completion of Key              Zuna               9. Present       9. Eko Waluyo              observer
                         Credit Documents for Out-of-               9. Himawan Arief                       10. Hakim Putratama
                         Tolerance (LAT) Category as of                Sugoto                              11. Muhammad
                         February 2024                                                                         Iqbal
                      6. Discussion on the Proposed Changes
                         to the Head Office Organizational
                         Structure
                      7. Progress Update on Project Camel
                      8. Discussion on the Management Letter
                         for the Financial Statements as of
                         December 31, 2023
                      9. Progress on the Implementation of
                         Corporate Plan Initiatives, Including
                         Profitability Aspects, as of February
                         2024

3.    May 22, 2024    1. Bankwide Performance Review as of          1. Chandra M.         1. Present       1. Nixon L.P.          1. Present
                          April 2024                                   Hamzah             2. Present           Napitupulu         2. Present
                      2. UUS Performance Review as of April 2024    2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                      3. Monitoring of Risk Appetite, Risk          3. Armand B. Arief    4. Present           Rahardjo           4. Present
                          Tolerance, and Recovery Plan for          4. Sentot A.          5. Present as    3. Andi Nirwoto        5. Present
                          Bankwide and UUS as of April 2024            Sentausa              an observer   4. Elisabeth Novie     6. Present
                      4. Progress on the Implementation of          5. Adi Sulistyowati   6. present as        Riswanti           7. Present
                          Corporate Plan Initiatives, Including     6. Bambang               an observer   5. Hirwandi Gafar      8. Present
                          Profitability Aspects, as of April 2024      Widjanarko         7. Present       6. Jasmin              9. Absent
                      5. Progress on Customer Data                  7. Andin Hadiyanto    8. Present       7. Setiyo Wibowo       10. Present
                          Improvement or Customer Identification    8. Herry Trisaputra   9. Present       8. Nofry Rony Poetra   11. Present as an
                          File (CIF) as of March 2024                  Zuna                                9. Eko Waluyo              observer
                      6. Progress on the Formulation of BTN’s       9. Himawan Arief                       10. Hakim Putratama
                          Vision & Mission for 2025-2029               Sugoto                              11. Muhammad
                      7. Progress Update on Project Camel                                                      Iqbal
                      8. Progress Update on the Preparation of
                          the White Paper
                      9. Update on Media Protocol & Stakeholder
                          Handling in the Event of Fraud
                      10. Update on the New Subsidized Mortgage
                          (KPR) Scheme and Government
                          Guarantee for Housing Financing

4.    July 12, 2024   Alignment of Vision and Mission in            1. Chandra M.         1. Present       1. Nixon L.P.          1. Present
                      the Long-Term Corporate Plan (RJPP)              Hamzah             2. Present           Napitupulu         2. Present
                      2025–2029 of PT Bank Tabungan Negara          2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                      (Persero) Tbk                                 3. Armand B. Arief    4. Present           Rahardjo           4. Present
                                                                    4. Sentot A.          5. Present as    3. Andi Nirwoto        5. Present
                                                                       Sentausa              an observer   4. Elisabeth Novie     6. Present
                                                                    5. Adi Sulistyowati   6. present as        Riswanti           7. Present
                                                                    6. Bambang               an observer   5. Hirwandi Gafar      8. Present
                                                                       Widjanarko         7. Present       6. Jasmin              9. Present
                                                                    7. Andin Hadiyanto    8. Present       7. Setiyo Wibowo       10. Present
                                                                    8. Herry Trisaputra   9. Present       8. Nofry Rony Poetra   11. Present as an
                                                                       Zuna                                9. Eko Waluyo              observer
                                                                    9. Himawan Arief                       10. Hakim Putratama
                                                                       Sugoto                              11. Muhammad
                                                                                                               Iqbal




                                                                                          PT Bank Tabungan Negara (Persero) Tbk              555
Page 125
                                                                 Corporate
                                                                 Governance




                                                                           Board of Commissioners                     Board of Directors
       Meeting
No.                                    Agenda
        Date
                                                                          Participant        Attendance          Participant          Attendance

 5.   July 24, 2024   1. Bankwide Performance Review and KPI           1. Chandra M.         1. Present       1. Nixon L.P.          1. Present
                         Achievement as of June 2024                      Hamzah             2. Present           Napitupulu         2. Present
                      2. UUS Performance Review as of June 2024        2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                      3. Monitoring of Risk Appetite, Risk             3. Armand B. Arief    4. Present           Rahardjo           4. Present
                         Tolerance, and Recovery Plan for              4. Sentot A.          5. Present as    3. Andi Nirwoto        5. Present
                         Bankwide and UUS as of June 2024                 Sentausa              an observer   4. Elisabeth Novie     6. Present
                      4. Progress on the Implementation of             5. Adi Sulistyowati   6. present as        Riswanti           7. Present
                         Corporate Plan Initiatives, Including         6. Bambang               an observer   5. Hirwandi Gafar      8. Present
                         Profitability Aspects, as of June 2024           Widjanarko         7. Present       6. Jasmin              9. Present
                      5. Report on the Implementation of the           7. Andin Hadiyanto    8. Present       7. Setiyo Wibowo       10. Present
                         AML, CFT, and PFWMD Program for the           8. Herry Trisaputra   9. Present       8. Nofry Rony Poetra   11. Present as an
                         First Semester of 2024                           Zuna                                9. Eko Waluyo              observer
                      6. Evaluation and Monitoring of New              9. Himawan Arief                       10. Hakim Putratama
                         Bank Products (PBB) and Activities for           Sugoto                              11. Muhammad
                         the Bank’s Interests (KuKB), Including                                                   Iqbal
                         Profitability Aspects, as of June 2024
                      7. Progress on Customer Data
                         Improvement or Customer Identification
                         File (CIF) as of June 2024
                      8. Monitoring the Completion of Credit
                         Documents for Out-of-Tolerance (LAT),
                         Sale and Purchase Binding Agreement
                         (PPJB), and Deed of Assignment of
                         Mortgage Rights (SKMHT) Categories as
                         of June 2024
                      9. Progress Update on Project Camel 2.0
                         and Preparation for the Spin-off of UUS

 6.   September       1. Bankwide Performance Review as of             1. Chandra M.         1. Not Present   1. Nixon L.P.          1. Present
      18, 2024           August 2024                                      Hamzah             2. Present           Napitupulu         2. Present
                      2. UUS Performance Review as of August           2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                         2024                                          3. Armand B. Arief    4. Present           Rahardjo           4. Present
                      3. Monitoring of Risk Appetite, Risk             4. Sentot A.          5. Present as    3. Andi Nirwoto        5. Present
                         Tolerance, and Recovery Plan for                 Sentausa              an observer   4. Elisabeth Novie     6. Present
                         Bankwide and UUS as of August 2024            5. Adi Sulistyowati   6. present as        Riswanti           7. Present
                      4. Progress on the Implementation of             6. Bambang               an observer   5. Hirwandi Gafar      8. Present
                         Corporate Plan Initiatives, Including            Widjanarko         7. Present       6. Jasmin              9. Present
                         Profitability Aspects, as of August 2024      7. Andin Hadiyanto    8. Present       7. Setiyo Wibowo       10. Present
                      5. Progress on Customer Data                     8. Herry Trisaputra   9. Present       8. Nofry Rony Poetra   11. Present
                         Improvement or Customer                          Zuna                                9. Eko Waluyo
                         Identification File (CIF) as of August 2024   9. Himawan Arief                       10. Hakim Putratama
                      6. Progress Update on Project Hijra and             Sugoto                              11. Muhammad
                         Preparation for the Spin-off of UUS                                                      Iqbal
                      7. Discussion on the Long-Term Corporate
                         Plan (Corporate Plan) for the 2025–2029
                         Period

 7.   November        1. Preparation of the Corporate Work Plan        1. Chandra M.         1. Present       1. Nixon L.P.          1. Present
      20, 2024           and Budget (RKAP) for 2025                       Hamzah             2. Present           Napitupulu         2. Present
                      2. Bankwide Performance Review as of             2. Iqbal Latanro      3. Present       2. Oni Febriarto       3. Present
                         October 2024                                  3. Armand B. Arief    4. Present           Rahardjo           4. Present
                      3. Performance Review UUS s.d. Oktober           4. Sentot A.          5. Present       3. Andi Nirwoto        5. Present
                         2024.                                            Sentausa           6. Present       4. Elisabeth Novie     6. Present
                      4. Monitoring of Risk Appetite, Risk             5. Adi Sulistyowati   7. Present           Riswanti           7. Present
                         Tolerance, and Recovery Plan for              6. Bambang            8. Present       5. Hirwandi Gafar      8. Present
                         Bankwide and UUS as of October 2024              Widjanarko         9. Present       6. Jasmin              9. Present
                      5. Progress on the Implementation of             7. Andin Hadiyanto                     7. Setiyo Wibowo       10. Present
                         Corporate Plan Initiatives, Including         8. Herry Trisaputra                    8. Nofry Rony Poetra   11. Present
                         Profitability Aspects, as of October 2024        Zuna                                9. Eko Waluyo
                      6. Monitoring the Implementation of              9. Himawan Arief                       10. Hakim Putratama
                         Improvement Recommendations                      Sugoto                              11. Muhammad
                         from the Diagnostic Review of Internal                                                   Iqbal
                         Control over Financial Reporting
                         (ICOFR)
                      7. Progress Update on Project Hijra and
                         Preparation for the Spin-off of the
                         Sharia Business Unit (UUS)
                      8. Strategy and Readiness to Support the
                         3 Million Housing Program




556      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                                   2024
                                                                                                                           Annual Report




                                                                          Board of Commissioners                       Board of Directors
          Meeting
 No.                                    Agenda
           Date
                                                                         Participant        Attendance           Participant               Attendance

  8.    November 27,    Preparation of the Corporate Work Plan      1. Chandra M.          1. Present         1. Nixon L.P.               1. Not Present
        2024            and Budget (RKAP) for 2025 and the Bank        Hamzah              2. Present             Napitupulu              2. Present
                        Business Plan (RBB) for 2025–2027.          2. Iqbal Latanro       3. Present         2. Oni Febriarto            3. Present
                                                                    3. Armand B. Arief     4. Present             Rahardjo                4. Present
                                                                    4. Sentot A.           5. Present         3. Andi Nirwoto             5. Not Present
                                                                       Sentausa            6. Present         4. Elisabeth Novie          6. Present
                                                                    5. Adi Sulistyowati    7. Present             Riswanti                7. Present
                                                                    6. Bambang             8. Present         5. Hirwandi Gafar           8. Present
                                                                       Widjanarko          9. Present         6. Jasmin                   9. Present
                                                                    7. Andin Hadiyanto                        7. Setiyo Wibowo            10. Present
                                                                    8. Herry Trisaputra                       8. Nofry Rony Poetra        11. Present
                                                                       Zuna                                   9. Eko Waluyo
                                                                    9. Himawan Arief                          10. Hakim Putratama
                                                                       Sugoto                                 11. Muhammad Iqbal


The realization of the Board of Directors meeting with the Board of Commissioners is presented in the Board of Directors
Meeting with the Board of Commissioners section..


Table of Meeting Frequency and Attendance Level of the Board of Commissioners

                                                                             Joint Meeting of the Board of
                                    Internal Meeting of the Board of
                                                                            Commissioners and the Board                              GMS
                                            Commissioners
                                                                                     of Directors

       Name           Position        Number and Percentage of                Number and Percentage of               Number and Percentage of
                                           Attendance                              Attendance                             Attendance

                                    Number of Number of                    Number of Number of                    Number of Number of
                                                             Percentage                             Percentage                                   Percentage
                                    Meetings Attendance                    Meetings Attendance                    Meetings Attendance


 Chandra M.        President
 Hamzah            Commissioner/       53          49          92.45%          8            7           87.50%         1              1              100%
                   Independent

 Iqbal Latanro     Vice President
                   Commissioner/       53           51         96.23%          8            8            100%          1              1              100%
                   Independent

 Armand B.         Independent
 Arief             Commissioner        53          52           98.11%         8            8            100%          1              1              100%


 Sentot A.         Independent
 Sentausa          Commissioner        53          52           98.11%         8            8            100%          1              1              100%


 Adi               Independent
 Sulistyowati*     Commissioner         13          13            100%         2            2            100%         0              0                     -


 Bambang           Independent
 Widjanarko*       Commissioner         13          13            100%         2            2            100%         0              0                     -


 Andin             Commissioner
                                       53          53             100%         8            8            100%          1              1              100%
 Hadiyanto

 Himawan           Commissioner
                                       53           51         96.23%          8            8            100%          1              1              100%
 Arief Sugoto

 Herry             Commissioner
 Trisaputra                            53          52           98.11%         8            8            100%          1              1              100%
 Zuna

 Mohamad           Commissioner
 Yusuf                                  9            9            100%          1           1            100%         0              0                     -
 Permana**

* Appointed at the Annual General Meeting of Shareholders (AGMS) on March 6, 204, and passed the fit and proper test on October 7, 2024
** Term of office ended on March 4, 2024, as confirmed at the AGMS on March 6, 2024




                                                                                            PT Bank Tabungan Negara (Persero) Tbk                    557
Page 127
                                                    Corporate
                                                    Governance




Competency Development of Board of Commissioners

Competency Development Policy

Policies related to competency development including the Board of Commissioners orientation program is governed by the
Guidelines and Code of Conduct for the Board of Commissioners. The competency development policy for members of the Board
of Commissioners includes:
1. Members of the Board of Commissioners are required to participate in continuous competency development programs,
    either domestically or internationally, with the aim of enhancing their skills and knowledge to support the execution of
    their duties, obligations, and responsibilities.
2. The plan for continuous competency development for members of the Board of Commissioners is outlined in the Board
    of Commissioners’ annual work program.
3. If continuous education is conducted outside of the pre-determined work program, the competency development
    must be decided in a Board of Commissioners Meeting.
4. Members of the Board of Commissioners who have participated in continuous competency development must submit
    a written report on the results to the Board of Commissioners or present it during a Board of Commissioners Meeting.
5. New members of the Board of Commissioners are required to attend an orientation program to familiarize themselves
    with the Company;
6. Other matters concerning facilities for the implementation of continuous education refer to the Company’s regulation.


Competency Development Realization

Throughout 204, members of the Company’s Board of Commissioners participated in various competency
enhancement programs, including training, workshops, conferences, and seminars, as detailed in the following table.



                                     Type of Training and                     Time and place
   Name           Position                                                                                          Organizer
                                    Competency/Training                      Implementation

 Chandra M.    President       Executive Risk Management Program    January 27, 2024 in Bogor                LPPI
 Hamzah        Commissioner/   - Level 6
               Independent
                               BTN Leadership Forum 2 - 2024        May 2, 2024, to May 4, 2024 in Bali      McKinsey & PwC

                               Risk Management Certification        March 4, 2024, in Jakarta                LSPP
                               Level 6

                               Alignment of Risk Management         June 27, 2024, to 28 June 28, 2024 in    IRPA & OJK
                               Certification for the Board of       Yogyakarta
                               Commissioners Level 6

                               Boardroom Bound: Accelerating        October 25, 2024 in Batam                LPPI
                               Growth to Embrace The Future BTN

                               Innovation and Entrepreneurship:     November 4, 2024, to November 8,         AGLP
                               Cutting-edge Insights from China     2024, in Tiongkok

 Iqbal          Wakil          Executive Risk Management Program    Januari 27, 2024 in Bogor                LPPI
 Latanro        Komisaris      - Level 7
                Utama/
                Independen     BTN Leadership Forum 2 - 2024        May 2, 2024 to. 04 May 4, 2024 in Bali   McKinsey & PwC

                               Alignment of Risk Management         June 11, 2024, to 13 June 13, 2024, in   IRPA & OJK
                               Certification for the Board of       Bali
                               Commissioners Level 7

                               Risk Management Certification for    April 1, 2024, in Jakarta                LSPP
                               the Board of Commissioners Level 7

                               Boardroom Bound: Accelerating         Oktober 25, 2024 in Batam               LPPI
                               Growth to Embrace The Future BTN




558        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                     2024
                                                                                                             Annual Report




                                     Type of Training and                        Time and place
  Name            Position                                                                                                 Organizer
                                    Competency/Training                         Implementation

Armand B.       Independent    Executive Risk Management Program       Januari 27, 2024 in Bogor                    LPPI
Arief           Commissioner   - Level 6

                               Executive Risk Management               February 23, 2024, to March 3, 2024,         LPPI
                               Refresher: ES                           in Europe (Vienna, Budapest, Praha)

                               Risk Management Certification Level 6   March 19, 2024, in Jakarta                   LSPP

                               BTN Leadership Forum 2 - 2024           May 2, 2024, to May 4, 2024, in Bali         McKinsey & PwC

                               Alignment of Risk Management            June 27, 2024 to 28 June 28, 2024 in         IRPA & OJK
                               Certification for the Board of          Yogyakarta
                               Commissioners Level 6

                               Boardroom Bound: Accelerating           October 25, 2024 in Batam                    LPPI
                               Growth to Embrace The Future BTN

                               Innovation and Entrepreneurship:        November 4, 2024 to November 8,              AGLP
                               Cutting-edge Insights from China        2024, in Tiongkok

Sentot A.       Independent    Executive Risk Management Program       Januari 27, 2024 in Bogor                    LPPI
Sentausa        Commissioner   - Level 7

                               Executive Risk Management               February 23, 2024, to March 3,               LPPI
                               Refresher: ES                           2024, in Europe (Vienna, Budapest,
                                                                       Praha)

                               Risk Management Certification Level 7   Maret 19, 2024 in Jakarta                    LSPP

                               BTN Leadership Forum 2 - 2024           May 2, 2024, to May 4, 2024 in Bali          McKinsey & PwC

                               Alignment of SMR Level 7                May 21, 2024, to May 22, 2024 in             BARA & OJK
                                                                       Jakarta

                               Boardroom Bound: Accelerating           October 25, 2024 in Batam                    LPPI
                               Growth to Embrace The Future BTN

Adi             Independent    Preparation for Risk Management         May 14, 2024, in Jakarta                     PT Garda Multi
Sulistyowati*   Commissioner   Certification Level 7                                                                Talenta

                               Risk Management Certification for       June 7, 2024 in Jakarta                      LSPP
                               the Board of Commissioners Level 7

                               Alignment of Risk Management            June 11, 2024, to 13 June 13, 2024 in        IRPA & OJK
                               Certification for the Board of          Bali
                               Commissioners Level 7

                               Executive Overview Bagi BoC             August 1, 2024, to August 2, 2024, in        LPPI
                                                                       Jakarta

                               Boardroom Bound: Accelerating           October 25, 2024, in Batam                   LPPI
                               Growth to Embrace The Future BTN

Bambang         Independent    BTN Leadership Forum 2 - 2024           May 2, 2024, to May 4, 2024, in Bali         McKinsey & PwC
Widjanarko*     Commissioner
                               SMR Preparation Level 6                 May 6, 2024, in Jakarta                      LPPI

                               Risk Management Certification for       May 14, 2024, in Jakarta                     LSPP
                               the Board of Commissioners Level 6

                               Alignment of Risk Management            July 23, 2024, to July 25, 2024, in          IRPA & OJK
                               Certification for the Board of          Jakarta
                               Commissioners Level 6

                               Executive Overview Bagi BoC             Agustus 1, 2024, to Agustus 2, 2024,         LPPI
                                                                       in Jakarta

                               Boardroom Bound: Accelerating           October 25, 2024, in Batam                   LPPI
                               Growth to Embrace The Future BTN




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                                             Type of Training and                             Time and place
    Name             Position                                                                                                         Organizer
                                            Competency/Training                              Implementation

 Andin            Commissioner        Executive Risk Management Program            January 27, 2024, in Bogor                  LPPI
 Hadiyanto                            - Level 6

                                      BTN Leadership Forum 2 - 2024                May 2, 2024, to May 4, 2024, in Bali        McKinsey & PwC

                                      Risk Management Certification Level 6        March 4, 2024, in Jakarta                   LSPP

                                      Alignment of Risk Management                 June 27, 2024, to June 28, 2024, in         IRPA & OJK
                                      Certification for the Board of               Yogyakarta
                                      Commissioners Level 6

                                      Boardroom Bound: Accelerating                October 25, 2024, in Batam                  LPPI
                                      Growth to Embrace The Future BTN

 Herry            Commissioner        Executive Risk Management Program            January 27, 2024, in Bogor                  LPPI
 Trisaputra                           - Level 6
 Zuna
                                      BTN Leadership Forum 2 - 2024                May 2, 2024, to May 4, 2024, in Bali        McKinsey & PwC

                                      Preparation for Risk Management              July 17, 2024, in Jakarta                   PT Garda Multi
                                      Certification Level 6                                                                    Talenta

                                      Risk Management Certification Level 6        July 18, 2024, in Jakarta                   LSPP

                                      Alignment of Risk Management                 July 23, 2024, to July 25, 2024, in         IRPA & OJK
                                      Certification for the Board of               Jakarta
                                      Commissioners Level 6

                                      Boardroom Bound : Accelerating               October 25, 2024, in Batam                  LPPI
                                      Growth to Embrace The Future BTN

 Himawan          Commissioner        Executive Risk Management Program            January 27, 2024, in Bogor                  LPPI
 Arief Sugoto                         - Level 6

                                      BTN Leadership Forum 2 - 2024                May 2, 2024, to May 4, 2024, in Bali        McKinsey & PwC

                                      Preparation for Risk Management              July 17, 2024, in Jakarta                   PT Garda Multi
                                      Certification Level 6                                                                    Talenta

                                      Risk Management Certification Level 6        July 18, 2024, in Jakarta                   LSPP

                                      Alignment of Risk Management                 July 23, 2024, to July 25, 2024, in         IRPA & OJK
                                      Certification for the Board of               Jakarta
                                      Commissioners Level 6

                                      Boardroom Bound : Accelerating               October 25, 2024, in Batam                  LPPI
                                      Growth to Embrace The Future BTN

                                      Innovation and Entrepreneurship:             November 4, 2024, to November 8,            AGLP
                                      Cutting-edge Insights from China             2024, in Tiongkok

 Mohamad          Commissioner        Provision of Risk Management                 January 27, 2024 in Bogor                   LPPI
 Yusuf                                Certification KKNI Level 6
 Permana**

* Appointed at the Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper test on October 7, 2024
** Term of office ended on March 4, 2024, as confirmed at the AGMS on March 6, 2024




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Orientation Program for New Members of the                      1.  Regularly reviewing the Company’s performance
Board of Commissioners                                              bankwide and UUS;
                                                                2. Monitoring the implementation of the company’s
The Company has always held an Orientation Program or               planned strategic initiatives on a regular basis;
Introduction for newly-appointed members of the Board of        3. Regularly      monitoring      of   risk   management
Directors to be acquainted with one another and establish           implementation including risk profile, Bank health level,
cooperation as a solid, comprehensive, effective team.              KPMM, risk appetite, risk tolerance and recovery plan;
The Orientation Program also aims to provide insight into       4. Monitoring the implementation of audits and follow-up
the condition of the Company in general. The orientation            on the results of internal and external audits.
program for the Board of Commissioner is regulated              5. Monitoring the completion of credit documents;
in the Guidelines and Code of Conduct of the Board of           6. Monitoring the implementation of the Anti-Money
Commissioners, namely:                                              Laundering and Prevention of Terrorism Financing
1. Implementation of Good Corporate Governance and                  (AML-CTF) program.
    Code of Conduct principles in the Company.                  7. Monitoring the progress of customer data improvement
2. Description regarding the duties and responsibilities        8. Approval of the preparation of the Company’s Long-
    of the Board of Commissioners and Board of Directors            Term Plan, Business Plan, and Work & Budget Plan
    and other restrictions.                                         along with its amendments.
3. Overview of the Company in terms of the objectives,          9. Formulation of the Company’s vision and mission
    nature, and scope of the Company’s activities, financial    10. Logo change and monitoring of the rebranding project
    performance, and strategies, as well as the Company’s       11. Monitoring the implementation of Internal Control over
    short and long-term plans, risks, Internal Control, and         Financial Reporting
    other strategic issues.                                     12. Development of the Sharia Business Unit (SBU)
4. Information related to delegated authorities, internal and       development project)
    external audits, internal control systems, and policies.    13. Recommendations and Determination of Collegial,
                                                                    Individual and PMN Key Performance Indicators (KPI)
In 2024, new members were appointed to the Board of                 including changes;
Commissioners at the Company’s Annual General Meeting           14. Supervision of the Board of Commissioners over
(AGM) on March 6, 2024, namely Ms. Adi Sulistyowati and             the Performance and Implementation of the Bank’s
Mr. Bambang Widjanarko as Independent Commissioners.                Business Plan.
The orientation program fro new members of the Board            15. Development of the Company’s organization and
of Commissioners was held on March 18, 2024, and May                Human Resources (HR) management strategy;
13, 2024, with the following topics:                            16. Implementation of the Annual GMS decisions as
1. The objectives and scope of the Company’s activities             follows:
     are in accordance with the Articles of Association;            a. Ratification of Annual Reports, Financial Reports
2. Financial performance, strategy, short-term and                       and PUMK Financial Reports;
     long-term business plans, as well as the Company’s             b. Determination of the use of net profit;
     competitive position;                                          c. Determination of remuneration (salary/honorarium,
3. Risk management and bank health level;                               facilities and allowances) and bonuses for the
4. Internal control system, internal audit and external                 Company’s Directors and Board of Commissioners;
     audit;                                                         d. Appointment of AP and/or KAP to audit Financial
5. Facilities for members of the Board of Commissioners;                Reports and PUMK Program Financial Reports;
6. Compliance,         corporate     governance,  working           e. Report on the Realization of the Use of Proceeds
     relationship patterns of the Board of Commissioners                from the Sustainable Public Offering of Shelf-
     and Directors, and work guidelines and regulations                 Registered Bonds IV Bank BTN Phase II 2022
     of the Board of Commissioners;                                     and Additional Capital by Providing Preemptive
7. Company Culture; and                                                 Rights for Limited Public Offering II (PMHMETD II);
8. Governance of policies and procedures.                           f. Approval of Amendments to the Company’s
                                                                        Articles of Association;
Recommendation, Realization of Duties                               g. Changes in the Composition and Determination
of The Board of Commissioners, and                                      of Remuneration of the Company’s UUS Sharia
Supervision on The Implementation of                                    Supervisory Board;
Company Strategyan                                              17. Recommendation for the appointment of a Public
                                                                    Accounting Firm (KAP) to audit the Company’s annual
The Board of Commissioners has carried out supervisory              historical financial reports and PUMK Financial Reports;
duties, directing, providing advice, monitoring and             18. Appointment of the Company’s Corporate Rating
evaluating the implementation of the Company’s                      Service.
strategic policies, including::



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19. Approval of internal provisions of the Company that         Performance Assessment of the Board of Directors
    required the Board of Commissioners approval,
20. Other strategic policies include, among others:             Performance assessment of the Board of Directors,
    a. Annual Audit Plan including budget;.                     including the President Director, both collegially and
    b. Internal Control System.                                 individually is carried out once in 1 (one) year and has
    c. Providing Credit/Financing to Related Parties.           been implemented in 2024. .
    d. Directions for Credit Committee meeting decisions;
    e. Directions for the implementation of the Anti-           PROCEDURE OF PERFORMANCE ASSESSMENT OF THE
       Bribery Management System;                               BOARD OF DIRECTORS
    f. Operational Activities including Information
       Technology Infrastructure and Operations.                The procedure for determining and assessing
    g. Activities and Management of Credit and Financing.       the performance of the Board of Directors refers
    h. Publication of Financial Statements.                     to the Regulation of the Minister of BUMN number
    i. New Bank Products (PBB) and activities for the           PER-2/MBU/03/2023         concerning       Guidelines        for
       Bank’s Interests (KuKB).                                 Governance and Significant Corporate Activities of State-
    j. Compliance Reports.                                      Owned Enterprises and the Decree of the Minister of BUMN
    k. Anti-Fraud Strategy.                                     Number SK-306/ MBU/11/2023 concerning Instructions
    l. Sustainable Financial Action Plan.                       Technical Preparation of Key Performance Indicators
    m. Evaluation of Audit Services by Public Accounting        for BUMN. BUMN Directors are required to sign an Annual
       Firms on Annual Financial Information.                   Management Contract which contains the KPI targets for
    n. Affiliate Transactions.                                  Directors collectively and the KPI Directors individually. .
    o. Approval of the Recommendation for the
       Appointment of SEVP.                                     The KPI of the Directors collectively and the KPI of the Directors
    p. Recommendations for Nominated Talent BoD-1               individually are effective measuring tools in monitoring
       and Existing BoD to CTC Financial Services.              the performance and implementation of the duties of the
    q. Proposed remuneration for the Board of                   Company Management carried out by the Directors. The
       Commissioners, Directors and Sharia Supervisory          procedures for determining and assessing KPIs are regulated
       Board as well as bonuses for the Board of                in articles 104 and 105 of the Minister of State-Owned
       Commissioners and Directorsi.                            Enterprises Regulation PER-2/MBU/03/2023 as follows:
                                                                1. The Board of Directors submits the Board of
Performance Assessment of the Board of                              Directors’ KPI proposals collegally to the GMS/
Directors and The Board of Commissioners                            Minister to be determined simultaneously with the
                                                                    determination of the Company’s Budget Work Plan.
In order to improve work performance and responsibility,        2. Before ratifying the Company’s Budget Work Plan,
the Board of Commissioners and the Board of Directors               the Board of Commissioners must first consult with
are committed to implementing policy and conducting                 state shareholders to determine the KPI for the
performance assessment for the Board of Commissioners               Board of Directors.
and Directors. The Board of Commissioners has its Self-         3. Directors are required to translate the KPIs of the
Assessment Policy to assess the Board of Commissioners’             Directors collectively into the KPIs of the Directors
performance, while the performance assessment of the                individually and submit them to the Board of
Board of Directors is carried out through the achievement           Commissioners for approval.
of KPIs which refer to the results of measurements carried      4. The Board of Directors’ KPI achievements are
out by external auditors who audit the company’s annual             collectively reported in quarterly reports and
financial reports.                                                  annual reports.
                                                                5. The calculation of the Directors’ KPI achievements
                                                                    is reviewed collegially and individually by a
                                                                    public accounting firm that audits the company’s
                                                                    financial statements.




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                                                                                          Annual Report




CRITERIA OF PERFORMANCE ASSESSMENT OF THE BOARD OF DIRECTORS


Performance Assessment of Collegial Directors
The KPI used to measure and assess the performance of the Board of Directors collegiately in managing the company
consists of 5 (five) perspectives, namely as follows:
1. Economic and social values for Indonesia;
2. Business model innovation;
3. Technology leadership;
4. Investment improvement; and
5. Talent Improvement.




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                                                      Governance




PERFORMANCE ASSESSMENT OF INDIVIDUAL DIRECTORS


The Board of Directors’ KPI, collectively, is the individual KPI for the President Director. Meanwhile, the KPI of the Directors
individually is a cascading of the KPI of the Main Director based on the duties, functions and responsibilities of each
Directorate of directors. Details of individual Directors’ KPIs are presented in the following table.



                                                                         Directorate Weight (%)


 No.     Collegial KPI 2024    Weight (%)                                             Distribution
                                                             Deputy        SME &                        SEVP
                                              President                                    and
                                                            President      Retail                      Digital Consumer
                                               director                               Institutional
                                                             Director     Funding                     Business
                                                                                        Funding


 A.1. Social Economic Value
                                    17.00
 for Indonesia - Financial

 1.    PPOP                         8.00

 2.    ROE Tier 1                   6.00

 3.    Total Shareholder
                                    3.00
       Return

 A.2. Socio-Economic Value
                                    15.00
 for Indonesia - Operational

 4.    Cost of Credit (CoC)         10.00

 5.    Cost to Income Ratio
                                    5.00
       (CIR)

 A.3. Social Economic Value
                                   20.00
 for Indonesia - Social

 6.    Realization of
       Subsidized Mortgage          12.00
       Distribution

 7.    NPS for Bank                 8.00

 B. Inovasi Model Bisnis            8.00

 8.    CASA Ratio                   4.00

 9.    Average Growth of
       High Yield Segment           4.00
       Credit

 C. Technology Leadership           15.00

 10.   Number of Active
                                    9.00
       Users of Bale by BTN

 11.   Cyber Security Breach        6.00

 D. Increased Investment            15.00

 12.   Environment, Social,
       Governance (ESG)             6.00
       Rating

 13.   PMN KPI Realization          3.00

 14.   Sustainable
                                    6.00
       Financing/Credit




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                                  Directorate Weight (%)


                                                                Human
  SEVP                                                                   Operations
            Assets      Risk    Information                     Capital,                           SEVP
Wholesale                                       Finance                  & Customer
          Management Management Technology                    Compliance                         Operations
 Banking                                                                 Experience
                                                                & Legal




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                                                           Governance




                                                                                  Directorate Weight (%)


 No.      Collegial KPI 2024        Weight (%)                                                Distribution
                                                                   Deputy          SME &                        SEVP
                                                 President                                         and
                                                                  President        Retail                      Digital Consumer
                                                  director                                    Institutional
                                                                   Director       Funding                     Business
                                                                                                Funding


 E. Talent Development                  10.00

 15.    Human Capital
                                        10.00
        Transformation

        Total                         100.00          15                15            8             6             7       10

        Total 2022                                                                                  9             9       14

        Total 2023                                                                                  9             9       17




THE PARTY CONDUCTING THE ASSESSMENT


The performance of the Directors is assessed based on the calculation of the Directors’ KPI achievements collegially
and individually referring to the results of measurements carried out by external auditors who audit the company’s
annual financial reports. Furthermore, the Board of Commissioners submits the results of the performance
assessment of the Board of Directors collegial and individual to be reported to shareholders. Referring to article
105 paragraph (1) PER-2/MBU/03/2023, the achievements of the Board of Directors’ KPI are collectively reported in
quarterly reports and annual reports.


BOARD OF DIRECTORS’ PERFORMANCE ASSESSMENT RESULTS


Board of Directors’ performance assessment was carried out during 2024 with the following assessment results:



                                                      Weight                                               Achievement
 No.                    Indicator                                       Unit      Target Realization                     Score
                                                       (%)                                                      (%)

        Economic and Social Value for
  I.                                                   66.00
        Indonesia

         A.      Financial Aspect                      36.00

  1.    PPOP                                               8.00    IDR trillion       8.35         5.97        71.56%    5.72%

  2.    Total Shareholder Return                           5.00          %           10.02         9.19        91.72%    4.59%

  3.    ROE Tier 1                                         7.00          %           13.09        10.85       82.86%     5.80%

  4.    CAR                                                6.00          %           18.86         18.15      96.25%     5.78%

  5.    Average Growth of Total Deposits                   5.00          %           12.36        13.02       105.34%    5.27%

  6.    Average Growth of Total Loans                      5.00          %           12.74        12.54       98.46%     4.92%

         B.     Operational Aspects                    18.00

  7.    Cost of Credit (CoC)                               7.00          %             1.10        0.60       110.00%    7.70%

  8.    BOPO                                               5.00          %           87.25        88.73        98.31%    4.92%

  9.    Loan at Risk (LaR)                                 6.00          %           18.95        19.65       96.33%     5.78%

        A.3. Social Aspects                            12.00

        Realization of Subsidized KPR
  10.                                                      7.00    IDR trillion      22.90        24.91       108.79%    7.62%
        Distribution

  11.   Net Promoter Score (NPS) for Bank                  5.00         Score       40.00         47.70       110.00%    5.50%




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                                                 Directorate Weight (%)


                                                                                       Human
   SEVP                                                                                         Operations
             Assets      Risk    Information                                           Capital,                             SEVP
 Wholesale                                                       Finance                        & Customer
           Management Management Technology                                          Compliance                           Operations
  Banking                                                                                       Experience
                                                                                       & Legal




         8               7                7            7                7                 7                 7                 6

         11             10                13          12                9                 9                                   -

         10             10                12          12                10                11                                  7




                                                 Weight                                                 Achievement
 No.                   Indicator                             Unit            Target Realization                              Score
                                                  (%)                                                        (%)

  II.    Business Model Innovation                 8.00

 12.     CASA Ratio                                3.00       %                 53.60          54.09       100.90%           3.03%

 13.     Number of Active BTN Mobile Users         5.00      Total           1.100.000    1.469.190         110.00%          5.50%

  III.   Technology Leadership                     7.00

         Implementation of ATM Integration
 14.                                               4.00      ATM                 445             537        110.00%          4.40%
         (Project Jalin)

 15.     Cyber Security Breach (Zero Incident)     3.00    Laporan                  0              0        110.00%          3.30%

 IV.     Investment Development                    11.00

         Environment, Social, Governance (ESG)
 16.                                               4.00     Rating               BBB             BBB       100.00%           4.00%
         Rating

  17.    Sustainable Financing/Credit              4.00    Rp triliun          180.04          181.63      100.88%           4.04%

 18.     PMN KPI Realization                       3.00       %                100.00          93.04        93.04%            2.79%

  V.     Talent Development                        8.00

         Average Diversity in Nominated Talent
 19.                                               4.00       %                100.00          108.33      108.33%           4.33%
         (Women & Young)

 20.     Employee Productivity                     4.00     Rp juta              21.31         20.02        93.96%            3.76%

                             Total               100.00                                                                       98.73



Performance Assessment of The Board of                         CRITERIA OF PERFORMANCE ASSESSMENT OF THE BOARD
Commissioners                                                  OF COMMISSIONERS


Performance assessment of the Board of Commissioners,          Collegial Performance Evaluation Criteria for the Board
both collegially and individually, is carried out once a       of Commissioners
year and has been implemented in 2024.                         The performance assessment criteria must be
                                                               in accordance with the functions of the Board of
PROCEDURE OF PERFORMANCE ASSESSMENT OF THE                     Commissioners in supervising and providing advice to the
BOARD OF COMMISSIONERS                                         Board of Directors, for the interests of the Company and
                                                               shareholders in particular and stakeholders in general. The
The Performance Assessment Procedure for the Board             primary criteria of the Performance Assessment for the
of Commissioners is carried out by means of an                 Board of Commissioners include:
independent assessment based on the Regulation of              1. Financial perspective;
the Minister of State-Owned Enterprises number PER-3/          2. Stakeholder perspective;
MBU/03/2023 dated March 24, 2023 concerning Organs             3. Internal process perspective;
and Human Resources of State-Owned Enterprises/


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4. Competency development perspective; and/or                     THE PARTY CONDUCTING THE ASSESSMENT
5. Other perspectives as needed.
                                                                  The performance assessment of the Board of
Individual Performance Assessment Criteria for the                Commissioners is carried out using a self-assessment
Board of Commissioners                                            mechanism and is reported or submitted periodically to
 The main criteria for evaluating the performance of the          shareholders.
Board of Commissioners individually include: :
1. Financial;
2. Stakeholders;
3. Internal Process;
4. Learning & Growth;
5. Work Behavior;
6. Additional/Ad Hoc Tasks.



RESULTS OF THE BOARD OF COMMISSIONERS’ PERFORMANCE ASSESSMENT


Results of Collegial Performance Assessment of the Board of Commissioners
The results of the achievement of the performance of the Board of Commissioners in 2024 towards the Key Performance
Indicators (KPI) targets determined in the work program are presented as follows:


Board of Commissioners Collegial KPI Table 2024

                                                                                January to December 2024
 No.           Indicator              P     Weight       Unit
                                                                       Target   Realization   Achievement      Value


  a                  b                c       d             e             j           k             l          m=d×l

  1.   Financial                                                                                               11.40%

       Budget realization against
       work plan (investment
                                      Min    10%            %            100         86            114%         11.40%
       grade, as a corporate
       valuation)

  2.   Stakeholder                                                                                             12.50%

       Supervision and
       Submission of Reports
       on the Realization of
       Bank Business Plans and
                                      Max     5%           kali          4            4            100%         5.00%
       Recovery Plans to the
       Financial Services Authority
       periodically in accordance
       with the provisions

       Reviewing and submitting
       the Annual Management
       Report and Supervision
       Results of the Board
       of Commissioners of            Max     5%           kali          2            1            50%          2.50%
       Payment Service Providers
       (PJP) to Bank Indonesia
       periodically in accordance
       with the provisions

       Review, approve and
       submit reports on the
       Company's performance
       oversight duties to the
                                      Max     5%           kali          4            4            100%         5.00%
       Ministry of State-Owned
       Enterprises periodically
       in accordance with the
       provisions.




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                                                                                 January to December 2024
 No.           Indicator              P     Weight       Unit
                                                                    Target       Realization   Achievement          Value


  a                 b                 c       d            e           j              k               l             m=d×l

  3.   Internal Process                                                                                             68.00%

       Organizing and attending
       Board of Commissioners         Max    10%          kali         36             52            120%            12.00%
       meetings periodically

       Organizing and attending
       regular meetings with the      Max    10%          kali         12             12            100%            10.00%
       Board of Directors

       Ensuring that the Board
       of Commissioners'
       Supporting Organ
       Committee has carried
                                      Max    10%           %          100             100           100%            10.00%
       out its duties and functions
       properly and effectively
       in accordance with the
       provisions

       Ensure the implementation
       of GCG principles at all       Max    10%           %          100             100           100%            10.00%
       levels of the organization

       Review, evaluate, approve,
       and monitor Company
                                      Max    20%           %          100             100           100%            20.00%
       documents and/or policies
       as needed

       Conducting visits to Work
       Units/Regional Offices/
       Branch Offices in order to
                                      Max     5%           %           2              6             120%            6.00%
       carry out the supervisory
       function of the Board of
       Commissioners

  4.   Learning & Growth                                                                                            12.00%

       Implementing
       improvements in
       knowledge, skills,
       and abilities through          Max    10%         Jam           20             61            120%            12.00%
       participation in seminars/
       training according to their
       field of work.

               Total                         100%                                                                   103.90%




Results of Individual Performance Assessment of the Board of Commissioners


As regulated in the Minister of BUMN Regulation Number PER-2/MBU/03/2023 concerning Guidelines for Governance and
Significant Corporate Activities of BUMN, the Board of Commissioners is obliged to carry out an annual evaluation of each
individual member of the Board of Commissioners. The method determined by the Board of Commissioners in assessing
the performance of members of the Board of Commissioners is the self-assessment method which is then reviewed and
approved by the Board of Commissioners. Assessment is carried out using key performance indicators that are specific,
measurable, achievable, and relevant.




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Performance assessment of the members of the Board of Commissioners has been carried out during 2024 with the
assessment results based on the following main performance indicators:


Table of Individual Assessments for the Board of Commissioners

                                                                        Chandra M.
 No.               Key Performance Indicators (KPI)                                    Iqbal Latanro   Armand B. Arief
                                                                         Hamzah

   1.    FINANCIAL

         Budget realization compared to work plan
                                                                               6.88        6.88             6.88
         (investment grade, as a corporate valuation)

  2.     STAKEHOLDER

         Supervision and Submission of Reports on the
         Realization of Bank Business Plans and Recovery
                                                                               8.00        8.00             8.00
         Plans to the Financial Services Authority periodically
         in accordance with the provisions

         Reviewing and submitting the Annual Management
         Report and Supervision Results of the Board of
         Commissioners of Payment Service Providers (PJP) to                   4.00        4.00             4.00
         Bank Indonesia periodically in accordance with the
         provisions

         Review, approve and submit reports on the
         Company's performance oversight duties to the
                                                                               3.00        3.00             3.00
         Ministry of State-Owned Enterprises periodically in
         accordance with regulations..

  3.     INTERNAL PROCESS

         Organize and attend regular Board of Commissioners
                                                                               8.00        8.00             8.00
         Meetings

         Organize and attend regular meetings with the Board
                                                                               8.00        8.00             8.00
         of Directors

         Ensure that the Board of Commissioners' Supporting
         Organ Committee has carried out its duties and
                                                                               8.00        8.00             8.00
         functions properly and effectively in accordance with
         the provisions.

         Ensuring the implementation of GCG principles at all
                                                                               8.00        8.00             8.00
         levels of the organization

         Review, evaluate, approve and monitor Company
                                                                               8.00        8.00             8.00
         documents and/or policies as needed.

         Conducting visits to Work Units/Regional Offices/
         Branch Offices in order to carry out the supervisory                  8.00        8.00             8.00
         function of the Board of Commissioners

  4.     LEARNING & GROWTH

         Implementing improvements in knowledge, skills and
         abilities through participation in seminars/training in               8.00        8.00             8.00
         accordance with their field of work.

 WORK BEHAVIOR

         AKHLAK                                                                18.80       18.80            18.80

 ADDITIONAL/AD HOC TASKS

   1.    Chairman of the Remuneration and Nomination
         Committee and Member of the Financial Services                        1.00
         CTC of the Ministry of SOEs

   2.    Chairman of the Audit Committee                                                   1.00

   3.    Chairman of the Risk Monitoring Committee                                                           1.00

 Total Achievement of Key Performance Indicators (KPI)                         97.68       97.68            97.68

 Predicate                                                                Very good      Very good        Very good

Description:

 Value    Predicate            Value   Predicate           Value   Predicate
  <60     Not Good              <80    Quite Good          <100    Very Good
  <70     Less Good             <90    Good                 100    Excellent




570            PT Bank Tabungan Negara (Persero) Tbk
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                                                                                Annual Report




Sentot A.                      Bambang                          Himawan Arief         Herry Trisaputra
            Adi Sulistyowati                Andin Hadiyanto
Sentausa                       Widjanarko                          Sugoto                  Zuna



  6.88            6.88            6.88           6.88                 6.88                      6.88




  8.00            8.00            8.00           8.00                 8.00                      8.00




  4.00            4.00            4.00           4.00                 4.00                      4.00




  3.00            3.00            3.00           3.00                 3.00                      3.00




  8.00            8.00            8.00           8.00                 8.00                      8.00


  8.00            8.00            8.00           8.00                 8.00                      8.00



  8.00            8.00            8.00           8.00                 8.00                      8.00



  8.00            8.00            8.00           8.00                 8.00                      8.00


  8.00            8.00            8.00           8.00                 8.00                      8.00


  8.00            8.00            8.00           5.33                  6.67                     5.33




  8.00            8.00            8.00           8.00                 8.00                      8.00




  18.80          18.80            18.80          18.80                18.80                     18.80




  96.68          96.68            96.68          94.01                95.35                     94.01

Very good      Very good        Very good      Very good            Very good              Very good




                                                         PT Bank Tabungan Negara (Persero) Tbk          571
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                                                       Governance




Assessment of the Performance of Committees                         or assessment criteria contained in the main performance
Under the Board of Commissioners and the                            assessment indicators with the following aspectsikut:
Basis of its Assessment                                             1. Regular Aspects.
                                                                    2. Non-Regular Aspects.
The Board of Commissioners periodically assesses the                3. Other Aspects.
effectiveness of the performance of the Committees                  The performance assessment of the Remuneration
under the Board of Commissioners. The Board of                      and Nomination Committee is based on specific,
Commissioners has assessed that during 2024,                        measurable, achievable and relevant benchmarks or
the Committees have carried out their duties and                    assessment criteria contained in the main performance
responsibilities quite effectively. The results of the              assessment indicators contained in the main
performance assessment of the committees under the                  performance assessment indicators with the following
Board of Commissioners are as follows:                              aspects::
                                                                    1. Financial Aspect.
Procedure for the Performance Evaluation of the                     2. Customer Aspect.
Board of Commissioners                                              3. Internal Process Aspect.
                                                                    4. Learning & Growth Aspect.
The Board of Commissioners is assisted by 3 (three)
committees, namely the Audit Committee, Remuneration and            The performance assessment of the Risk Monitoring
Nomination Committee, and Risk Monitoring Committee. The            Committee is based on specific, measurable, achievable
Board of Commissioners conducts an annual assessment                and relevant benchmarks or assessment criteria contained
of the effectiveness of the performance of the Committees           in the main performance assessment indicators with the
under the Board of Commissioners. The assessment in                 following aspects:
question is based on the Minister of State-Owned Enterprises        1. Aspects of Task and Responsibility Fulfilment.
Regulation number PER-3/ MBU/03/2023 dated March 24, 2023           2. Aspects of Planning and Reporting.
concerning Organs and Human Resources of State-Owned                3. Aspects of Operations and Competency Development.
Enterprises and FSA Regulation number 17 of 2023 concerning         4. Dynamic Aspects.
the Implementation of Governance for Commercial Banks.


Criteria for Performance Evaluation of                              Party Carrying Out the Assessment
Committees Under the Board of Commissioners
                                                                    Performance evaluation of Committees under the Board
Audit Committee performance assessment is based on                  of Commissioners is carried out periodically using the
specific, measurable, achievable and relevant benchmarks            self-assessment method and then submitted to the
                                                                    Board of Commissioners for review and approval.


Results of the Performance Assessment of the Committee Under the Board of Commissioners

The Board of Commissioners considers that throughout 2024, the Committees have carried out their duties and
responsibilities quite effectively. The results of the performance assessment of committees under the Board of
Commissioners are as follows.


PERFORMANCE ACHIEVEMENTS OF THE AUDIT COMMITTEE


The Audit Committee assessment is evaluated based on the Key Performance Indicators working paper as follows:


                                                                                                           Weight   Score
                                                                    Realization    Target   Achievement
                                                                                                            (%)      (%)
 No.                Key Performance Indicators

                                                                          a          b         c=a/b          d     e=c×d


  I.   REGULER                                                                                                80      88.75

  1.   Providing recommendations for Approval of the Annual
                                                                              1        1        100%          10      10.00
       Audit Plan to the Board of Commissioners

  2.   Monitoring and evaluation of the implementation of
       Internal and External Audits including follow-up of audit
                                                                           5          4          125%         15      18.75
       results, and monitoring of the effectiveness of internal
       control.




572      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                            Annual Report




                                                                                                                      Weight      Score
                                                                      Realization       Target     Achievement
                                                                                                                       (%)         (%)
 No.                 Key Performance Indicators

                                                                          a                b             c=a/b           d        e=c×d


  3.    Attending the Internal General Audit Exit Meeting                  4                4            100%               10         10.00

  4.    Checking and evaluating the Quarterly Published Financial
                                                                           4                4            100%               10         10.00
        Reports

  5.    Providing recommendations regarding the appointment
        of KAP and Evaluation of the Implementation of KAP Audit           3                2            150%               10         15.00
        Services to the Board of Commissioners

  6.    Reviewing, evaluating, and providing input to the Board of
        Commissioners regarding monthly Performance Review                 12              12            100%               10         10.00
        material

  7.    Preparing quarterly and annual reports regarding Audit
                                                                           4                4            100%               5          5.00
        Committee activities to the Board of Commissioners

  8.    Preparing the Board of Commissioners' response to the
        Company's performance (quarterly) which is submitted to            6                6            100%               10         10.00
        the Minister of BUMN and Semesterly to OJK

  II.   NON REGULER                                                                                                         5      10.00

  9.    Competency Development related to Duties and
                                                                          87               20            200%               5          10.00
        Responsibilities (training hours)

 IV.    OTHERS                                                                                                              15     30.00

 10.    Audit Committee Meeting                                           39               12            200%               15     30.00

                                Total                                                                                  100         128.75




PERFORMANCE ACHIEVEMENTS OF THE REMUNERATION AND NOMINATION COMMITTEE


The Remuneration and Nomination Committee assessment is evaluated based on the Key Performance Indicators working
paper as follows:


                                                                                          as per December 2024

                                                            Realization
                                                                                                                Weight           Score
 No.                    Productivity                                      Target         Achievement
                                                                                                                 (%)              (%)


                                                                a             b                 c=a÷b             d              e=c×d


  I.    FINANCIAL

  1.    Monitoring and Evaluation of the Board of
                                                                 2            2                   100%            10              10
        Commissioners' Budget Realization

  II.   CUSTOMER

  2.    Reviewing the Bank Business Plan Report (RBB),
        Company Work Plan and Budget (RKAP) and
                                                                 1              1                 100%             5              5
        Sustainable Finance Action Plan as well as
        Self-Assessment to the Bank Regarding GCG.

  3.    Recommendations and Assessment
        of Candidate Members of the Board of
                                                                 1              1                 100%             5              5
        Commissioners and Board of Directors related
        to the implementation of the Company's GMS




                                                                                    PT Bank Tabungan Negara (Persero) Tbk              573
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                                                           Corporate
                                                           Governance




                                                                                   as per December 2024

                                                            Realization
                                                                                                 Weight   Score
No.                     Productivity                                      Target   Achievement
                                                                                                  (%)      (%)


                                                                 a          b        c=a÷b         d      e=c×d


 4.     Conducting Communication and Coordination
                                                                 10         6         166.67%       5      6
        with the Human Resources Work Unit

 5.     Validation of BOD-1 Bank BTN Selected Talent
                                                                  1         1           100%        5      5
        Proposal

 6.     Preparing the Board of Commissioners'
                                                                  1         1           100%        5      5
        Supervision Report regarding Human Resources

 III.   INTERNAL PROCESS

 7.     Holding Remuneration and Nomination
                                                                  9         5           180%       20      24
        Committee Meetings

 8.     Determination of income, amount of bonuses,
        bonuses and other incentives for the Board of
                                                                  1         1           100%        5      5
        Commissioners, Board of Directors and Sharia
        Supervisory Board

 9.     Recommendations for Proposed Candidates
        for Head of Internal Audit Work Unit, Corporate
                                                                  1         1           100%        5      5
        Secretary and Supporting Organs of the Board
        of Commissioners

 10.    Evaluation of Internal Policies related to Human
                                                                  1         1           100%        10     10
        Resources

 11.    Review of Collegial and Individual Key
        Performance Indicators (KPI) of the Board of              1         1           100%        5      5
        Commissioners and Directors

 12.    Preparing the Board of Commissioners' Work
                                                                  1         1           100%        5      5
        Program

 13.    Preparing the Remuneration and Nomination
                                                                  1         1           100%        5      5
        Committee Work Program

 14.    Preparing the Report on the Realization of the
        Remuneration and Nomination Committee's                   3         2           150%        5      6
        Work Program

 IV.    LEARNING & GROWTH

 15.    Participate in competency development
        programs (training, seminars, workshops,
        certification, etc.) and carry out additional             4         3         133.33%       5      6
        tasks assigned by the Committee Chairperson
        and/or Board of Commissioners.

                          Total                                                                    100    107




574       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                  Annual Report




PERFORMANCE ACHIEVEMENTS OF THE RISK MONITORING COMMITTEE


The Risk Monitoring Committee’s assessment is evaluated based on the Key Performance Indicators working paper
as follows:


                                                                                    as per December 2024

                                                           Realization
                                                                                                   Weight           Score
 No.                      Productivity                                   Target   Achievement
                                                                                                    (%)              (%)


                                                               a           b         c=a÷b             d          e=c×d

        ASPECT OF FULFILLMENT OF DUTIES AND
  I.                                                                                                    60             65
        RESPONSIBILITIES

  1.    Reviewing the Risk Profile Report                          4       4           100.00           10              10

  2.    Reviewing Bank’s Soundness Level Reports                   2       2           100.00           10              10

  3.    Review and Feedback on Risk Appetite and Risk
                                                                   4        1          200.00              5            10
        Tolerance

  4.    Review of Bank Business Plan (RBB) and Company
                                                                    1       1          100.00              5             5
        Work Plan & Budget (RKAP)

  5.    Review of the Sustainable Finance
                                                                    1       1          100.00              5             5
        Action Plan (RAKB)

  6.    Recovery Plan Initiation Review                             1       1          100.00              5             5

  7.    Review of the Preparation of the Resolution Plan            1       1          100.00              5             5

  8.    Review of Risk Management Policy Guidelines
                                                                    1       1          100.00              5             5
        (PKMR)

  9.    Review of Compliance Reports                               4       4           100.00              5             5

 10.    Self-Assessment Report on the Implementation of
                                                                   2       2           100.00              5             5
        Corporate Governance

  II.   PLANNING AND REPORTING ASPECTS                                                               15.00          15.00

  11.   Quarterly Activity Realization Report                      4       4           100.00              5             5

 12.    Annual Activity Realization Report                          1       1          100.00              5             5

 13.    Annual Work Program for the Following Year                  1       1          100.00              5             5

        ASPECTS OF OPERATIONAL AND COMPETENCY
 III.                                                                                                15.00          30.00
        DEVELOPMENT

 14.    Conducting Committee Meetings                              61      12          200.00           10              20

 15.    Competency Development Related to Duties and
        Responsibilities                                      129.00      20           200.00              5            10


 IV.    DYNAMIC ASPECT                                                                                  10            11.11

 16.    Carrying out other duties in accordance with the
                                                               100%      90%             111.11         10            11.111
        Risk Management Division

                            Total                                                                      100           121.11




                                                                            PT Bank Tabungan Negara (Persero) Tbk       575
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                                                     Governance




Mechanism for The Dismissal and                                   5. The decision of dismissal as referred to in point 3, letters
Resignation of The Board of Commissioners                             a, b, c, d, and g, is made after the individual is given the
                                                                      opportunity to defend themselves in the AGM.
1. The dismissal or replacement of members of the                 6. If there is a family relationship between a member of
   Board of Commissioners must prioritize the best                    the Board of Commissioners and a member of the
   interests of the Company.                                          Board of Directors up to the third degree, either through
2. The dismissal or replacement of members of the                     direct or collateral lineage, including relationships
   Board of Commissioners, as mentioned above,                        arising from marriage, the AGM is authorized to dismiss
   which takes place before the end of the member’s                   one of them.
   term, must consider at least the following:                    7. A member of the Board of Commissioners has the right
   a. the member of the Board of Commissioners                        to resign from their position before the term ends by
       is deemed unable to perform their duties and                   notifying the Company in writing of their intention.
       responsibilities in managing and implementing the          8. A member of the Board of Commissioners who is a
       Company’s health strategy;                                     candidate for:
   b. the dismissal or replacement of the members of the              a. A member of the House of Representatives
       Board of Commissioners is not based on subjective                   (DPR), Regional House Representatives (DPRD), or
       assessments from shareholders but is based on                       Regional representative Council (DPD);
       objective evaluations related to the management                b. President or Vice President, and/or
       of the Company;                                                c. Governor, Deputy Governor, Regent, Deputy Regent,
   c. the dismissal or replacement of members of the                       Mayor, or Deputy Mayor
       Board of Commissioners has gone through the                    must resign and/or be dismissed from their position as
       planning and applicable mechanism, which at                    a member of the Board of Commissioners under the
       least takes into account the assessment from the               Applicable laws and regulations, while observing their
       committee responsible for the nomination function              rights and obligations as stipulated by the regulations.
       and has been scheduled in the AGM;                         9. The Company is required to hold an AGM to decide on
   d. the dismissal or replacement of members of the Board            the resignation request of a member of the Board of
       of Commissioners does not result in issues within the          Commissioners within a maximum period of 90 (ninety)
       organization and business activities of the Company;           days after receiving the written notice of resignation.
   e. the implementation of the dismissal or replacement          10. If the member of the Board of Commissioners resigns,
       of members of the Board of Commissioners                       causing the number of members of the Board of
       prioritizes good communication patterns with                   Commissioners to become less than 3 (three) people, the
       relevant parties; and                                          resignation is valid if it has been approved by the AGM
   f. the process is carried out with a focus on                      and a new member of the Board of Commissioners has
       implementing good corporate governance and the                 been appointed.
       principle of prudence.
   g. members of the Board of Commissioners are                   Nomination and Remuneration for
       dismissed by the AGM.                                      the Board of Directors and Board of
3. The dismissal of a member of the Board of Commissioners        Commissioners
   takes effect from the closing of the AGM.
4. A member of the Board of Commissioners may be                  BOARD OF DIRECTORS AND BOARD OF
   dismissed at any time based on the decision of the             COMMISSIONERS NOMINATION PROCEDURES
   AGM if there is evidence of the following:
   a. failure to perform their duties;                            Board of Directors Nomination Procedure
   b. violation of the Articles of Association and/or
       applicable laws and regulations;                           The nomination procedure for Directors has been
   c. involvement in actions that harm the Company                regulated in Special Policy No. KK.6-F dated 25 August 2023
       and/or state;                                              concerning Good Corporate Governance Procedures. The
   d. engagement in actions that violate ethics and/or            nomination procedures for Directors are as follows:
       propriety that should be respected as a member             1. Members of the Board of Directors are appointed and
       of the Board of Commissioners;                                dismissed by GMS.
   e. being found guilty by a court decision that has             2. The selection of prospective members of the Board of
       permanent legal force;                                        Directors is carried out through a transparent selection
   f. resignation;                                                   and nomination process, taking into account the
   g. other reasons deemed appropriate by the AGM in
       the best interests and objectives of the Company.




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   recommendations of the Board of Commissioners               Procedure for Determining Remuneration of The
   based on the study of the Remuneration and                  Board of Directors and Board of Commissioners
   Nomination Committee, considering expertise, integrity,
   honesty, leadership, experience, behavior, dedication,      The Company has issued a Special Policy (KK)
   and the adequacy of time for the progress of the Bank.      No. 3-D regarding the Income of the Board of Directors,
3. Candidates for members of the Board of Directors            Board of Commissioners, SEVP, and supporting organs
   who are internal officials of the Company may be            of the Board of Commissioners. The coverage aspects
   proposed by the Commissioners through a review of           of this policy include, among others, the objectives of
   the Remuneration and Nomination Committee.                  implementing governance in providing remuneration,
4. The appointment of members of the Board of Directors        variable remuneration and material risk takers. The
   is carried out through a fit and proper test mechanism.     Company determines remuneration for the Board of
   Prospective members of the Board of Directors who           Commissioners and Directors referring to the provisions
   pass the test must sign a management contract               of the Minister of State-Owned Enterprises Regulation
   before being appointed as the Board of Directors.           Number PER-3/MBU/03/2023 dated 20 March 2023
                                                               concerning Organs and Human Resources of State-
Board of Commissioners Nomination Procedure                    Owned Enterprises and the Decree of the Minister of
                                                               State-Owned Enterprises Number SK-181 /MBU/07/2023
The nomination procedures for the Board of Commissioners       dated 4 July 2023 concerning Determination of the
are regulated in Special Policy No. KK.6-F dated 25 August     Income of the Directors, Board of Commissioners
2023 concerning Good Corporate Governance Procedures           and Supervisory Board of State-Owned Enterprises in
and Work Guidelines and Regulations for the Board of           2023, namely the amount of income of the Board of
Commissioners. The nomination procedures for the Board         Commissioners and Directors is determined by the
of Commissioners are:                                          General Meeting of Shareholders (GMS).
1.   Members of the Board of Commissioners are appointed
     and dismissed by GMS.                                     The policy established at the General Meeting of
2.   The selection of prospective members of the Board of      Shareholders (GMS) grants authority and power to the
     Commissioners is carried out through a transparent        Series A Dwiwarna Shareholder to determine the amount
     selection and nomination process, taking into account     of tantiem for the 2024 fiscal year, as well as determine
     the recommendations of the Board of Commissioners         the salary/honorarium, allowances, facilities and other
     based on the study of the Remuneration and                incentives for the Board of Commissioners and Directors
     Nomination Committee, considering expertise, integrity,   as well as granting authority and power to the Board of
     honesty, leadership, experience, behavior, dedication,    Commissioners by first obtaining written approval from
     and the adequacy of time for the progress of the Bank     the Series A Dwiwarna Shareholders to determine the
.                                                              amount of tantiem, salary/ honorarium, allowances,
                                                               facilities and other incentives for the Board of Directors.
Implementation and Remuneration                                The procedures for determining the remuneration for
Procedure for the Board of Directors and                       the Board of Commissioners and the Board of Directors
Board of Commissioners                                         are as follows:


Remuneration Policy of the Board of
Commissioners and Directors

The preparation of the remuneration policy is inseparable
from the Company’s capabilities and is always based
on a competitive, fair, and risk-based basis that is
in line with the directions and policies of the OJK. To
keep remuneration competitive, the Company always
performs benchmarking through surveys conducted by
independent parties.




                                                                          PT Bank Tabungan Negara (Persero) Tbk     577
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                                                   Corporate
                                                   Governance




Procedure for Determining The Remuneration for The Board of Directors and Board of Commissioners:



     The Board of Commissioners assigned the
     Remuneration and Nomination Committee (KRN) to                   1
                       conduct a remuneration review




                          KRN coordinates with the Human Capital Division (HCD) and related work units to prepare
                    2     remuneration proposals for the Board of Commissioners and Directors




           KRN prepares recommendations for remuneration for the Board of Commissioners and
           Directors to be submitted to the Board of Commissioners                                    3




                    4     The Board of Commissioners discussed the remuneration proposal submitted by KRN




           The Board of Commissioners submits the proposed remuneration for the Board of
           Commissioners and Directors to the GMS                                                     5




                                                                      The GMS gives authority and power to the Board
                                                   6                  of Commissioners to determine by first obtaining
                                                                      approval from the Series A Dwiwarna shareholders




The scope of the Company’s remuneration policy has              3. The implementation of variable remuneration is in
been adjusted to OJK Regulation No. 5/POJK.03/2015                 accordance with regulatory provisions regarding the
and OJK Circular Lette No. 40/ SEOJK.03/2016 on                    application of remuneration for commercial banks.
the Implementation of Governance in Providing                   .
Remuneration for Commercial Banks, including:                   Indicators for Determining Remuneration for
1. The principle of prudence in remuneration is based           Directors and Board of Commissioners
   on performance and risk.
2. Determination of Material Risk Taker (MRT) is                The Company refers to the Regulation of the Minister of
   categorized as follows:                                      State-Owned Enterprises Number PER-3/MBU/03/2023
   a. Material Risk Takers (MRT) can be determined              dated March 20, 2023 concerning Organs and Human
      using qualitative methods according to the                Resources of State-Owned Enterprises and Decree
      portion of responsibility that affects the main risk      of the Minister of State-Owned Enterprises Number
      profile which will be determined in accordance            SK-181/MBU/07/2023 dated July 4, 2023 concerning
      with the risk profile evaluation determined by the        Determination of Remunerations of Directors, Board of
      Company every year.                                       Commissioners, and Supervisory Board of State-Owned
   b. Determination of the MRT category can also be             Enterprises in 2023. Salary/Honorarium for members of
      conducted quantitatively through a comparison             the Board of Directors and Board of Commissioners is
      of variable remuneration between MRT and                  determined, based on the following factors:
      non-MRT employees with consideration of                   1. Business scale factor
      performance and also the risk level of the position       2. Business complexity factor
      in question.                                              3. Inflation rate
                                                                4. Company’s financial condition and capability
                                                                5. Other factors that are relevant, and may not conflict
                                                                   with laws and regulations




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                                                                                              Annual Report




6. The composition of the Salary/Honorarium of the            1. Types of short-term remuneration consist of:
   Board of Directors and the Board of Commissioners             Honorarium, Allowances (holidays, transportation),
   is determined as follows:                                     Facilities (health, legal aid) and Tantiem.
   a. The President Director’s salary is determined           2. Types of long-term and/or post-employment
       using the internal guidelines set by the Minister.        remuneration consist of Post-Employment Insurance
   b. The Vice President Director’s salary is 95% of the         and can also be given long-term incentives (LTI) and
       President Director’s salary.                              Tantiem/Work Incentives, where in the Tantiem can
   c. The salary of other members of the Board of                be given additional long-term incentives (LTI)).
       Directors is 85% of the President Director’s salary.
   d. The Main Commissioner’s honorarium is 45% of            The remuneration components of the Board of
       the President Director’s salary.                       Commissioners and Directors are regulated as follows:
   e. The honorarium for the Vice President                   1. The income of the Bank’s Board of Directors and
       Commissioner is 42.5% of the salary for the               Board of Commissioners is determined by the GMS/
       President Director.                                       Minister.
   f. The honorarium for members of the Board                 2. The income of SEVP is determined by the Board of
       of Commissioners is 90% of the President                  Directors.
       Commissioner’s salary.                                 3. The income of members of the Bank’s Board of
                                                                 Directors may consist of:
Meanwhile, the Company’s internal regulations are                — Salary;
regulated in the provisions of Special Policy No. KK.3-D         — Allowances;
concerning the Income of the Board of Directors, Board of        — Facilities;
Commissioners, Senior Executive Vice President (SEVP),           — Tantiem / Work Incentive / Special Incentive; and
and Supporting Organs of the Board of Commissioners.             — LTI.
                                                              4. The income of members of the Bank’s Board of
Remuneration consists of a remuneration structure                Commissioners may consist of:
that is oriented towards the Company’s sustainable               — Honorarium;
development and encourages the achievement of                    — Allowance;
long-term goals.                                                 — Facilities;
                                                                 — Tantiem / Work Incentive / Special Incentive; and
Structure and Amount of Nominal/                                 — LTI.
Remuneration for Each Director and Board of                   5. SEVP member earnings
Commissioners                                                    — Salary;
                                                                 — Allowances;
In accordance with the provisions of Special Policy (KK)         — Facilities;
3.D Regarding the Income of the Board of Directors, Board        — Tantiem / Work Incentive / Special Incentive; and
of Commissioners, Senior Executive Vice President (SEVP)         — LTI.
and Supporting Organs of the Board of Commissioners,
the remuneration structure indicating the types and/          As of December 31, 2024, the Company has not provided
or short-term, long-term and/or post-employment               long-term incentives (LTI) to members of the Board of
rewards is as follows:                                        Directors and members of the Board of Commissioners.




                                                                        PT Bank Tabungan Negara (Persero) Tbk   579
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                                                               Corporate
                                                               Governance




Ensure that BTN discloses information regarding details of remuneration and the total paid to each member of the
Board of Directors, including the President Director:



                                                                                                                 Fees


 No.               Name                                      Position
                                                                                             Salary/ Honorarium            Tantiem



 1.     Chandra Martha                  President Commissioner / Independent                          √                       √
        Hamzah

 2.     Iqbal Latanro                   Vice President Commissioner / Independent                     √                       √

 3.     Armand B Arief                  Independent Commissioner                                      √                       √

 4.     Sentot A Sentausa               Independent Commissioner                                      √                       √

 5.     Andin Hadiyanto                 Commissioner                                                  √                       √

 6.     Herry Trisaputra Zuna           Commissioner                                                  √                       √

 7.     Himawan Arief Sugoto            Commissioner                                                  √                       √

 8.     Adi Sulistyowati **             Independent Commissioner                                      √                       √

 9.     Bambang Widjanarko **           Independent Commissioner                                      √                       √

 10.    Mohamad Yusuf                   Commissioner                                                  √                       √
        Permana ***

        NUMBER OF BOARD OF COMMISSIONERS                                                        17,752,317,580          40,925,306,100




 1.     Nixon L P. Napitupulu           President Director                                            √                       √

 2.     Oni Febriarto Rahardjo          Vice President Director                                       √                       √

 3.     Andi Nirwoto                    Director of Information Technology                            √                       √

 4.     Elisabeth Novie Riswanti        Director of Assets Management                                 √                       √

 5.     Jasmin                          Director of Distribution & Institutional Funding              √                       √

 6.     Setiyo Wibowo                   Director of Risk Management                                   √                       √

 7.     Hirwandi Gafar                  Director of Consumer                                          √                       √

 8.     Nofry Rony Poetra               Director of Finance                                           √                       √

 9.     Eko Waluyo                      Director of Human Capital, Compliance & Legal                 √                       √

 10.    Hakim Putratama                 Director of Operations & Customer Experience                  √                       √

 11.    Muhammad Iqbal **               Director of SME & Retail Funding                              √                       √

        NUMBER OF DIRECTORS                                                                     44,766,872,581          103,433,604,000

Notes :
*). Provided to officials who do not occupy official residences.
**). Appointed at the 2024 Annual General Meeting of Shareholders (AGMS) on March 6, 2024.
***). Ended term of office at the 2024 AGMS on March 6, 2024.




580         PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                      Annual Report




                Allowance                                         Other Facilities

              Retirement                                                                                 PPh21
                                               Transportation                  Legal     Others                         Total
 Holiday      Insurance         Housing                           Health                              allowance
                                                  Facilities/               Assistance (Natura
Allowance       & BPJS         Allowance*                        Facilities
                                                 Allowances                  Facilities Facilities)
              Insurance

     √              √                -               √               √           -           -              √             √


     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √

     √              √                -               √               √           -           -              √             √


1,622,720,000 3,777,493,892         -          3,466,200,000    3,244,748,818    -           -        9,853,613,338 80,642,399,728




     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           √              √             √

     √              √               √                √               √           -           -              √             √

3,791,350,000 12,634,242,770   3,575,000,000    9,141,610,662   3,100,304,215    -      233,921,500 33,949,967,455 214,626,873,183




                                                                                PT Bank Tabungan Negara (Persero) Tbk    581
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                                                        Governance




Diversity Policy for the Board of                                    2024 shows that the ratio of women in nominated talent
Directors and Board of Commissioner                                  is 28% and the ratio of young top talent (≤ 42 years old)
                                                                     in nominated talent is 16%. Going forward, the Company
Diversity of Policy for the Board of Commissioners and               will strive to be consistent in ensuring the diversity of
Directors The diversity policy for the composition of                the Board of Commissioners and Board of Directors,
the Company’s Board of Commissioners and Directors                   especially regarding gender and age diversity..
is regulated in the Articles of Association and Board
Manual which stipulate that the Board of Commissioners               Diversity in the Composition of the Board
and Directors are a combination of professionals who                 of Directors
have the knowledge and experience required by the
Company to enable an effective decision-making                       Diversity Aspects in the Composition of the Board of
process, efficient and immediate. In determining                     Directors, including:
the members of the Board of Commissioners and                        1. Age
Directors, the Company always strives to ensure that                     Members of the Board of Directors represent a
the composition of the Board of Commissioners and                        diverse range of age groups.
Directors is diversein terms of competency, gender and               2. Gender
age (presence of young top talent).                                      Gender diversity is considered among the members
                                                                         of the Board of Directors.
The diversity of the composition adapts to the needs,                3. Education, Experience, and Expertise; having at least:
level of complexity and the Company’s strategic plan                     a. One member with expertise/work experience/
so it is expected that the development or resolution of                      education in economics, business, or finance;
a problem can be overlooked from various educational                     b. One member with expertise/work experience/
perspectives, competencies, and experience                                   education in the banking industry; and/or
.                                                                        c. One member with expertise/work experience/
                                                                             education in risk management.
In accordance with the diversity policy set by the Ministry
of SOEs, the target ratio of women in nominated talent is            The diverse composition of the Company’s Board of
25% and the target ratio of young top talent (≤ 42 years             Directors is presented in the table below..
old) in nominated talent is 15%. The target achievement in




Table of Diversity in the Composition of the Board of Directors

    Name             Position         Age       Gender          Education             Work Experience          Expertise

 Nixon L.P.        President        55 years   Male          Bachelor of           Experience in banking    Economics
 Napitupulu        Director         old                      Economics

 Oni Febriarto     Vice President   53 years   Male          Bachelor of           Experience in banking    Management
 Rahardjo          Director         old                      Engineering
                                                             Master of
                                                             Management

 Andi Nirwoto      Director of      54 years   Male          Bachelor of           Experience in banking    Engineering,
                   Information      old                      Engineering, Master                            Finance
                   Technology                                of Finance

 Elisabeth         Director         57 years   Female        Bachelor of Law       Experience in banking    Law
 Novie             of Assets        old                      (Civil Law)
 Riswanti          Management

 Jasmin            Director of      60 years   Male          Bachelor of           Experience in banking    Accounting,
                   Distribution     old                      Economics                                      Business
                   and                                       (Accounting),
                   Institutional                             International
                   Funding                                   Business Degree




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     Name              Position           Age          Gender             Education                 Work Experience                  Expertise

 Setiyo             Director           47 years      Male             Bachelor of              Experience in banking             Engineering,
 Wibowo             Of Risk            old                            Electrical                                                 Finance
                    Management                                        Engineering, MBA in
                                                                      Finance & Banking

 Hirwandi           Director of        56 years      Male             Bachelor of Civil        Experience in banking             Civil Engineering
 Gafar              Consumer           old                            Engineering

 Nofry Rony         Director of        56 years      Male             Bachelor of              Experience in banking             Economics
 Poetra             Finance            old                            Economics, MBA in
                                                                      Business

 Eko Waluyo         Director           53 years      Male             Bachelor of              Experience in banking             Economics,
                    of Human           old                            Economics, Master                                          Management
                    Capital,                                          of Management,
                    Compliance,                                       MBA from Gatoon
                    and Legal                                         College of
                                                                      Business, Short
                                                                      Course Program in
                                                                      Cooperation with
                                                                      MM UGM


 Hakim              Director of        48 years      Male             Bachelor of Political    Experience in banking             International
 Putratama          Operations         old                            Science, Master of                                         Relations,
                    & Customer                                        Science                                                    International
                    Experience                                                                                                   Business

 Muhammad           Director of        51 years      Male             Bachelor of              Experience in banking             Management
 Iqbal*             SME & Retail       old                            Industrial
                    Funding                                           Engineering,
                                                                      Master of General
                                                                      Management,
                                                                      Master of Business
                                                                      Administration

* Appointed during the Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper test on August 8, 2024.




DIVERSITY IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS

The diversity aspects in the composition of the Board of Commissioners include:
1. Age
   Members of the Board of Commissioners represent a variety of age groups.
2. Gender
   Gender diversity is taken into consideration for the members of the Board of Commissioners.
3. Education, Experience, and Expertise; The Board of Commissioners includes at least:
   a. One member with expertise/work experience/education in economics, business, or finance;
   d. One member with expertise/work experience/education in the banking industry; and/or
   e. One member with expertise/work experience/education in risk management.
4. Independence
   a. The majority of the Board of Commissioners members are Independent Commissioners.
   b. The tenure of Independent Commissioners is limited to 2 (two) consecutive terms or a maximum of 10 (ten) years.




                                                                                            PT Bank Tabungan Negara (Persero) Tbk               583
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The diversity in the composition of the Board of Commissioners is presented in the table below


Table of Diversity in Composition of the Board of Commissioners

                                                                                                Work
   Name            Position     Period      Age       Gender           Education                                Expertise
                                                                                             Experience

 Chandra M.       Komisaris    Second     57 years   Male         Sarjana (S1) Hukum       Memiliki           Hukum,
 Hamzah           Utama/                  old                                              pengalaman         Keuangan,
                  Independen                                                               kerja pada Law     dan People
                                                                                           Firm dan Komisi    Management
                                                                                           Pemberantasan
                                                                                           Korupsi

 Iqbal            Wakil        First      66 years   Male         • Sarjana (S1)           Memiliki           Perbankan,
 Latanro          Komisaris               old                       Ekonomi                pengalaman         Kepatuhan, dan
                  Utama/                                          • Magister (S2)          kerja pada Jasa    Manajemen
                  Independen                                        Manajemen Bisnis       Keuangan dan       Risiko
                                                                                           Jasa Pemeringkat
                                                                                           Efek

 Armand B.        Komisaris    Second     72 years   Male         • Sarjana (S1)           Memiliki           Perbankan,
 Arief            Independen              old                       Business               pengalaman         Manajemen
                                                                    Administration         kerja pada Jasa    Risiko, dan
                                                                  • Master (S2)            Keuangan dan       Manajemen
                                                                    Business               Regulator          Bisnis
                                                                    Administration         Keuangan




 Sentot A.        Komisaris    First      67 years   Male         • Sarjana (S1)           Memiliki           Statistika,
 Sentausa         Independen              old                       Statistika             pengalaman         Manajemen
                                                                  • Master (S2)            kerja pada Jasa    Bisnis,
                                                                    Business               Keuangan           Perbankan, dan
                                                                    Administration                            Manajemen
                                                                                                              Risiko

 Adi              Komisaris    First      57 years   Female       Sarjana (S1) Ekonomi     Memiliki           Perbankan,
 Sulistyowati*    Independen              old                     Manajemen                pengalaman         Manajemen
                                                                                           kerja pada Jasa    Risiko, dan
                                                                                           Keuangan           Manajemen
                                                                                                              Bisnis

 Bambang          Komisaris    First      61 years   Male         • Sarjana (S1)           Memiliki           Akuntansi,
 Widjanarko*      Independen              old                       Akuntansi              pengalaman         Audit,
                                                                  • Magister (S2) Bisnis   kerja pada         Perbankan
                                                                    dan Keuangan           Regulator          Syariah, dan
                                                                                           Keuangan           Manajemen
                                                                                                              Bisnis

 Andin            Komisaris    Second     58 years   Male         • Sarjana (S1)           Memiliki           Keuangan dan
 Hadiyanto                                old                       Ekonomi                pengalaman         Ekonomi Makro
                                                                  • Master (S2)            kerja pada
                                                                    International          Kementerian
                                                                    Development            Keuangan RI,
                                                                  • Doctor (S3)            Kementerian
                                                                    International          Perdagangan,
                                                                    Development            World Bank Asian
                                                                                           Infrastruktur
                                                                                           Investment Bank
                                                                                           (AIIB) dan AMRO

 Herry            Komisaris    First      56 years   Male         • Sarjana (S1) Teknik    Memiliki           Ekonomi, Teknik
 Trisaputra                               old                       Sipil                  pengalaman         Pembangunan
 Zuna                                                             • Sarjana (S1)           kerja pada         Perumahan
                                                                    Manajemen              Kementerian        dan
                                                                  • Magister (S2)          Kementerian        Infrastruktur
                                                                    Sistem dan Teknik      Pekerjaan Umum
                                                                    Jalan Raya             dan Perumahan
                                                                  • Doktor (S3) Teknik     Rakyat
                                                                    Sipil




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                                                                                                                  Work
    Name            Position         Period         Age          Gender               Education                                          Expertise
                                                                                                               Experience

 Himawan          Komisaris        First         60 years      Male             • Sarjana (S1) Teknik       Memiliki                Properti,
 Arief Sugoto                                    old                              Sipil                     pengalaman              Distribusi dan
                                                                                • Magister (S2) Teknik      kerja pada              Perdagangan,
                                                                                  Sipil                     Kementerian             Manajemen.
                                                                                                            Kementerian
                                                                                                            Agraria dan Tata
                                                                                                            Ruang/Badan
                                                                                                            Pertanahan
                                                                                                            Nasional

 Mohamad          Komisaris        First         48 years      Male             Sarjana (S1) Ekonomi        Memiliki                Perbankan,
 Yusuf                                           old                                                        pengalaman              Kepatuhan, dan
 Permana**                                                                                                  kerja pada              Manajemen
                                                                                                            Kementerian             Risiko
                                                                                                            Sekretariat
                                                                                                            Negara dan
                                                                                                            perusahaan
                                                                                                            BUMN

* Appointed during the Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper assessment on October 7, 2024
** Term ended on March 4, 2024, as confirmed in the AGMS on March 6, 2024



Transparency of Share Ownership of the Board of Directors and Board of
Commissioners

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

The Board of Directors and Board of Commissioners have disclosed their and/or family’s share ownership which reaches
5% or more in the Company or other companies domiciled inside and outside the country. For share ownership up to
December 31, 2023, the Board of Directors and the Board of Commissioners do not own shares with total ownership
reaching 5% or more, both in the Company and other companies.


Board of Directors Share Ownership of 5% or More


                                                                                       Share Ownership (shares)
         Name                        Position
                                                                                                                                       Other
                                                               Bank BTN           Other Banks         Financial institutions
                                                                                                                                     Companies

 Nixon L.P. Napitupulu      President Director                      Nil                  Nil                      Nil                         Nil

 Oni Febriarto              Vice President Director
                                                                    Nil                  Nil                      Nil                         Nil
 Rahardjo

 Andi Nirwoto               Director of IT and Digital              Nil                  Nil                      Nil                         Nil

 Elisabeth Novie            Director of Assets
                                                                    Nil                  Nil                      Nil                         Nil
 Riswanti                   Management

 Jasmin                     Director of Distribution
                                                                    Nil                  Nil                      Nil                         Nil
                            and Funding

 Setiyo Wibowo              Director of Risk
                                                                    Nil                  Nil                      Nil                         Nil
                            Management

 Hirwandi Gafar             Director of Consumer                    Nil                  Nil                      Nil                         Nil

 Nofry Rony Poetra          Director of Finance                     Nil                  Nil                      Nil                         Nil

 Eko Waluyo                 Director of Human Capital,
                                                                    Nil                  Nil                      Nil                         Nil
                            Compliance, and Legal

 Hakim Putratama            Director of Institutional
                                                                    Nil                  Nil                      Nil                         Nil
                            Banking

 Muhammad Iqbal*            Director of SME & Retail
                                                                    Nil                  Nil                      Nil                         Nil
                            Funding

*Appointed during the Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper test on August 8, 2024.




                                                                                               PT Bank Tabungan Negara (Persero) Tbk                585
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                                                              Corporate
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Board of Commissioners Share Ownership of 5% or More


                                                                                      Share Ownership (shares)
        Name                         Position
                                                                                                                                    Other
                                                              Bank BTN          Other Banks        Financial institutions
                                                                                                                                  Companies

 Chandra M.               President Commissioner/
                                                                   Nil                 Nil                      Nil                      Nil
 Hamzah                   Independent

 Iqbal Latanro           Vice President Commissioner
                                                                   Nil                 Nil                      Nil                      Nil
                         / Independent

 Armand B. Arief          Independent Commissioner                 Nil                 Nil                      Nil                      Nil

 Sentot A. Sentausa       Independent Commissioner                 Nil                 Nil                      Nil                      Nil

 Adi Sulistyowati*        Independent Commissioner                 Nil                 Nil                      Nil                      Nil

 Bambang                  Independent Commissioner
                                                                   Nil                 Nil                      Nil                      Nil
 Widjanarko*

 Andin Hadiyanto          Commissioner                             Nil                 Nil                      Nil                      Nil

 Herry Trisaputra         Commissioner
                                                                   Nil                 Nil                      Nil                      Nil
 Zuna

 Himawan Arief            Commissioner
                                                                   Nil                 Nil                      Nil                      Nil
 Sugoto

 Mohamad Yusuf            Commissioner
                                                                   Nil                 Nil                      Nil                      Nil
 Permana**

* Appointed during the Annual General Meeting of Shareholders (AGMS) on March 6, 2024, and passed the fit and proper assessment on October 7, 2024
** Term ended on March 4, 2024, as confirmed in the AGMS on March 6, 2024



Share Ownership Transactions of the Board of Directors and the Board of Commissi

Share ownership transactions for the Board of Directors and the Board of Commissioners, including submission of reports to
Regulators referring to the OJK Regulation Number 11/POJK.04/2017 Concerning Ownership Reports or Any Changes in Public
Company Share Ownership, Decree of the Directors of PT Bursa Efek Indonesia Number Kep-00066 /BEI/09-2022 Regarding
Amendments to Regulation Number I-E concerning Obligations for Submitting Information, and the Company’s Articles
of Association. Members of the Board of Directors and Board of Commissioners are required to submit information to the
Company through the Corporate Secretary regarding ownership and any changes in ownership of the Company’s shares
no later than 3 (three) working days and to submit to the OJK regarding ownership and any changes in ownership of the
shares of the Public Company (dhi.BBTN) both directly and indirectly. The report must be submitted no later than 10 (ten)
days since the ownership or change in ownership of Public Company shares.


The share ownership transactions of the Board of Directors and Board of Commissioners during 2024 are as follows..

                                                        Number of Shares
                                                        and Percentage of
                                                        Share Ownership          Number Purchase
                                         Tanggal                                                            Ownership
 No.       Name           Kategori
                                        Transaksi
                                                                                 of Shares Price per
                                                                                                             status
                                                                                                                           Transaction Purpose
                                                                                Purchased   Share
                                                        Before      After
                                                     transaction transaction


 1.     Nixon L.P.     Board of          24 April     4.250.500     5.399.000    1.148.500     Rp1.382,-    Direct          Fulfillment of OJK
        Napitupulu     Directors         2024                                                                               Regulation Number
                                                                                                                            45/POJK.03/2015
                                                                                                                            dated December
                                                                                                                            23, 2015 concerning
                                                                                                                            Implementation
                                                                                                                            of Governance in
                                                                                                                            the Provision of
                                                                                                                            Remuneration for
                                                                                                                            Commercial Banks




586         PT Bank Tabungan Negara (Persero) Tbk
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                                            Number of Shares
                                            and Percentage of
                                            Share Ownership           Number Purchase
                                Tanggal                                                       Ownership
No.     Name        Kategori
                               Transaksi
                                                                      of Shares Price per
                                                                                               status
                                                                                                            Transaction Purpose
                                                                     Purchased   Share
                                              Before      After
                                           transaction transaction


2.    Oni         Board of     24 April    308.000     1.149.100     841.100      Rp1.382,-   Direct        Pemenuhan
      Febriarto   Directors    2024                                                                         Peraturan Otoritas
      Rahardjo                                                                                              Jasa Keuangan
                                                                                                            Nomor 45/
                                                                                                            POJK.03/2015
                                                                                                            tanggal 23
                                                                                                            Desember 2015
                                                                                                            tentang Penerapan
                                                                                                            Tata Kelola Dalam
                                                                                                            Pemberian
                                                                                                            Remunerasi Bagi
                                                                                                            Bank Umum

3.    Andi        Board of     24 April    1.822.161   2.818.561     996.400      Rp1.382,-   Direct        Pemenuhan
      Nirwoto     Directors    2024                                                                         Peraturan Otoritas
                                                                                                            Jasa Keuangan
                                                                                                            Nomor 45/
                                                                                                            POJK.03/2015
                                                                                                            tanggal 23
                                                                                                            Desember 2015
                                                                                                            tentang Penerapan
                                                                                                            Tata Kelola Dalam
                                                                                                            Pemberian
                                                                                                            Remunerasi Bagi
                                                                                                            Bank Umum

4.    Elisabeth   Board of     24 April    1.733.200   2.729.600     996.400      Rp1.382,-   Direct        Pemenuhan
      Novie       Directors    2024                                                                         Peraturan Otoritas
      Riswanti                                                                                              Jasa Keuangan
                                                                                                            Nomor 45/
                                                                                                            POJK.03/2015
                                                                                                            tanggal 23
                                                                                                            Desember 2015
                                                                                                            tentang Penerapan
                                                                                                            Tata Kelola Dalam
                                                                                                            Pemberian
                                                                                                            Remunerasi Bagi
                                                                                                            Bank Umum

5.    Jasmin      Board of     24 April    2.848.030   3.844.430     996.400      Rp1.382,-   Direct        Pemenuhan
                  Directors    2024                                                                         Peraturan Otoritas
                                                                                                            Jasa Keuangan
                                                                                                            Nomor 45/
                                                                                                            POJK.03/2015
                                                                                                            tanggal 23
                                                                                                            Desember 2015
                                                                                                            tentang Penerapan
                                                                                                            Tata Kelola Dalam
                                                                                                            Pemberian
                                                                                                            Remunerasi Bagi
                                                                                                            Bank Umum

6.    Setiyo      Board of     24 April    1.892.700   2.889.100     996.400      Rp1.382,-   Direct        Pemenuhan
      Wibowo      Directors    2024                                                                         Peraturan Otoritas
                                                                                                            Jasa Keuangan
                                                                                                            Nomor 45/
                                                                                                            POJK.03/2015
                                                                                                            tanggal 23
                                                                                                            Desember 2015
                                                                                                            tentang Penerapan
                                                                                                            Tata Kelola Dalam
                                                                                                            Pemberian
                                                                                                            Remunerasi Bagi
                                                                                                            Bank Umum




                                                                               PT Bank Tabungan Negara (Persero) Tbk      587
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                                                     Governance




                                                Number of Shares
                                                and Percentage of
                                                Share Ownership        Number Purchase
                                 Tanggal                                                     Ownership
No.    Name          Kategori
                                Transaksi
                                                                       of Shares Price per
                                                                                              status
                                                                                                         Transaction Purpose
                                                                      Purchased   Share
                                               Before      After
                                            transaction transaction


7.    Hirwandi     Board of     24 April    1.763.314    2.759.714    996.400    Rp1.382,-   Direct      Fulfillment of OJK
      Gafar        Directors    2024                                                                     Regulation Number
                                                                                                         45/POJK.03/2015
                                                                                                         dated December
                                                                                                         23, 2015 concerning
                                                                                                         Implementation
                                                                                                         of Governance in
                                                                                                         the Provision of
                                                                                                         Remuneration for
                                                                                                         Commercial Banks

8.    Nofry Rony   Board of     24 April    2.531.022    3.527.422    996.400    Rp1.382,-   Direct      Fulfillment of OJK
      Poetra       Directors    2024                                                                     Regulation Number
                                                                                                         45/POJK.03/2015
                                                                                                         dated December
                                                                                                         23, 2015 concerning
                                                                                                         Implementation
                                                                                                         of Governance in
                                                                                                         the Provision of
                                                                                                         Remuneration for
                                                                                                         Commercial Banks

9.    Eko          Board of     24 April    1.871.964    2.868.364    996.400    Rp1.382,-   Direct      Fulfillment of OJK
      Waluyo       Directors    2024                                                                     Regulation Number
                                                                                                         45/POJK.03/2015
                                                                                                         dated December
                                                                                                         23, 2015 concerning
                                                                                                         Implementation
                                                                                                         of Governance in
                                                                                                         the Provision of
                                                                                                         Remuneration for
                                                                                                         Commercial Banks

10.   Hakim        Board of     24 April    0            794.400      794.400    Rp1.382,-   Direct      Fulfillment of OJK
      Putratama    Directors    2024                                                                     Regulation Number
                                                                                                         45/POJK.03/2015
                                                                                                         dated December
                                                                                                         23, 2015 concerning
                                                                                                         Implementation
                                                                                                         of Governance in
                                                                                                         the Provision of
                                                                                                         Remuneration for
                                                                                                         Commercial Banks




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                                               Number of Shares
                                               and Percentage of
                                               Share Ownership           Number Purchase
                                   Tanggal                                                       Ownership
 No.     Name         Kategori
                                  Transaksi
                                                                         of Shares Price per
                                                                                                  status
                                                                                                               Transaction Purpose
                                                                        Purchased   Share
                                                 Before      After
                                              transaction transaction


 11.   Himawan      Board of      24 April    404.600     879.300       474.700      Rp1.382,-   Direct        Fulfillment of OJK
       Arief        Commissioners 2024                                                                         Regulation Number
       Sugoto                                                                                                  45/POJK.03/2015
                                                                                                               dated December
                                                                                                               23, 2015 concerning
                                                                                                               Implementation
                                                                                                               of Governance in
                                                                                                               the Provision of
                                                                                                               Remuneration for
                                                                                                               Commercial Banks

 12.   Herry        Board of      24 April    404.600     879.300       474.700      Rp1.382,-   Direct        Fulfillment of OJK
       Trisaputra   Commissioners 2024                                                                         Regulation Number
       Zuna                                                                                                    45/POJK.03/2015
                                                                                                               dated December
                                                                                                               23, 2015 concerning
                                                                                                               Implementation
                                                                                                               of Governance in
                                                                                                               the Provision of
                                                                                                               Remuneration for
                                                                                                               Commercial Banks



Organs and Committees Under the Board of Commissioners

Secretary of the Board of Commissioners

The secretary of the Board of Commissioners of the Company is appointed by the Board of Commissioners and is
responsible to the Board of Commissioners of the Company. The responsibilities of the Secretary of the Board of
Commissioners include organizing the administration, assisting the Board of Commissioners in performing the
oversight function of the effective performance of the Company, and ensuring that the Board of Commissioners has
implemented the principles of GCG properly.


Duties and Responsibilities of the Board of Commissioners Secretary

The duties and responsibilities as Secretary of the Board of Commissioners following the regulation of the minister of
SOEs are to conduct activities to assist the Board of Commissioners in carrying out their duties in the form of:
1. Preparing for the meeting, including the briefing sheet of the Board of Commissioners;
2. Creating the Minutes of Meetings of the Board of Commissioners following the provisions of the Articles of
   Association;
3. Administering the documents of the Board of Commissioner, both incoming letters and exit letters, Minutes of
   Meetings, and other documents;
4. Drafting work plan and budget (RKAP) of the Board of Commissioners.
5. Drafting the reports of the Board of Commissioners.
6. Carrying out other duties of the Board of Commissioners.




                                                                                  PT Bank Tabungan Negara (Persero) Tbk      589
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                                                         Governance




Profile of Secretary of The Board of Commissioners

The brief profile of the Secretary of the Board of Commissioners of the Company is as follows.


                                                 Educational Background
                                                 • Bachelor of Accounting, University of Indonesia (2009)
                                                 • Master of Accounting, Gadjah Mada University (2012)

                                                 Work Experience
                                                 • Middle State Enterprise Governance at Assistant Deputy for TJSL - Ministry of SOEs
                                                   (November 2023—present)
                                                 • Junior State Enterprise Governance at Assistant Deputy for TJSL - Ministry of SOEs
                                                   (November 2021—October 2023)
                                                 • Secretary of the Board of Commissioners of PT Bank Tabungan Negara
                                                   (Persero) Tbk (October 2022—present)
                                                 • Secretary of the Supervisory Board of Perum Bulog (November 2019—
                                                   September 2022)
                                                 • Secretary of the Board of Commissioners of PT Bank Negara Indonesia (Persero)
                                                   Tbk (July 2017—October 2019)
                                                 • Secretary of the Board of Commissioners of PT Pembangunan Perumahan
                                                   (Persero) Tbk (April 2016—July 2017).


Fahrudin                                         Legal Basis for Appointment
Secretary of the Board of                        Board of Commissioners Letters No. 06/KOM/BTN/2022 dated September 28,
Commissioners                                    2022.
                                                 .
Indonesian Citizen,                              Period of Service
Temanggung, November 19, 1983
                                                 November 01, 2022 – October 31, 2025 (Period I).
(41 years ols as of December 2024),
domiciled Central Jakarta City.
                                                 Jabatan Rangkap
                                                 Management of Middle State Companies at the Assistant Deputy for TJSL,
                                                 Ministry of BUMN.




Competency Development of the Board of Commissioner Secretary


  Training and Competency Development
                                                          Time and place Implementation                       Organizer
             Types/Materials

 BTN Leadership Forum 2 - 2024                       May 2, 2024 s.d. May 4, 2024 in Bali            McKinsey & PwC

 Innovation and Entrepreneurship: Cutting-edge       November 4, 2024 s.d. November 8, 2024 in       AGLP
 Insights from China                                 China

 Boardroom Bound: Accelerating Growth to             October 25, 2024 in Batam                       LPPI
 Embrace The Future BTN


Implementation of Duties of the Board of Commissioners Secretary

The Secretary of the Board of Commissioners shall carry out the following duties:
1. To carry out administrative activities within the secretariat of the Board of Commissioners.
2. To Organize Board of Commissioners Meetings and meetings between the Board of Commissioners and
   Shareholders, Directors, and other stakeholders, including preparing meeting invitations, preparing meeting
   materials, and preparing minutes of meetings of the Board of Commissioners, including minutes of meetings
   between the Board of Commissioners and the Board of Directors.
3. To deliver the original minutes of the Board of Commissioners meeting to the Company.
4. To draft the Work Plan and the Board of Commissioners’ Budget (RKAP).
5. To prepare the Board of Commissioners reports.
6. To ensure that the Board of Commissioners complies with statutory regulations and applies the principles of good
   corporate governance.
7. To provide the information required by the Board of Commissioners periodically and/or at any time it is requested.




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8. To coordinate Committee members (if needed) to              9. OJK Regulation Number 17 of 2023 concerning
    facilitate the duty of the Board of Commissioners.             Implementation of Governance for Commercial
9. Acting as a liaison officer for the Board of                    Banks;
    Commissioners with other parties.                          10. Financial Services Authority Regulation Number
10. Collecting data, reports and/or information relevant           2 of 2024 dated February 15, 2024, concerning
    to the implementation of the duties of the Board of            the Implementation of Sharia Governance for
    Commissioners.                                                 Commercial Banks and Sharia Business Units;
11. To perform other duties assigned by the Board              11. Financial Services Authority Regulation Number
    of Commissioners regarding the duties and the                  12 of 2024 dated July 23, 2024, concerning the
    functions of the Board of Commissioners.                       Implementation of Anti-fraud Strategies for Financial
                                                                   Service Institutions;
Audit Committee                                                12. Financial Service Authority Regulation Number 15 of
                                                                   2024 dated October 2, 2024, concerning the Integrity
The Company establishes the Audit Committee in order               of Bank Financial Reporting;
to support the Board of Commissioners in carrying out          13. OJK Circular Letter Number 35/SEOJK.03/2017
the supervisory functions, including monitoring and                concerning Standard Guidelines for Internal Control
evaluating the implementation of the internal control              Systems for Commercial Banks;
system, assessing the implementations of activities and        14. Bank Indonesia Circular Letter No. 12/13/DPbS//2010
the audit results carried out by the Internal Audit Unit and       regarding the Implementation of Good Corporate
external auditors, reviewing financial information to be           Governance for Sharia Commercial Banks and
issued by the Company, and reviewing the compliance                Sharia Business Units;
with the provisions related to the Company’s activities.       15. Articles of Association of PT Bank Tabungan Negara
                                                                   *Persero) Tbk;
Legal Basis for Establishing the Audit Committee               16. Board of Commissioners Decree Number 18/KOM/
                                                                   BTN/2024 dated December 18, 2024, regarding the
DasThe establishment of the Audit Committee is based               Guidelines and Rules of Procedure for the Board
on the following regulations:                                      of Commissioners of PT Bank Tabungan Negara
1. Regulation of the Minister of State-Owned Enterprises           (Persero) Tbk;
    Number PER-2/MBU/03/2023 concerning Guidelines
    for Governance and Significant Corporate Activities        Duties and Responsibilities of the Audit
    of State-Owned Enterprises;                                Committee
2. Regulation of the Minister of State-Owned Enterprises
    Number PER-3/MBU/03/2023 concerning Organs                 In carrying out its functions, the Audit Committee shall
    and Human Resources of State-Owned Enterprises;            perform the following duties and responsibilities::
3. Decree of the Deputy for Finance and Risk                   1. Internal and External Audit
    Management of the Ministry of State-Owned                      a. Assisting the Board of Commissioners in ensuring
    Enterprises    of   the    Republic     of Indonesia              and reviewing the effectiveness of the internal
    No. SK-5/DKU.MBU/11/2024 dated November 11, 2024,                 control system, based on information obtained
    concerning Technical Guidelines for Internal Control              from the Internal Audit Unit (SKAI) at least once a
    Over Financial Reporting (ICFR) of State-Owned                    year;
    Enterprises;                                                   b. Providing recommendations to the Board of
4. OJK Regulation No. 33/ POJK.04/2014 dated December                 Commissioners regarding: appointment and
    8, 2014, concerning the Board of Commissioners of                 removal of the Head of the Internal Audit Work
    Issuers of Public Companies;                                      Unit, and provision of annual remuneration for
5. OJK Regulation No. 55/ POJK.04/2015 dated                          the Internal Audit Work Unit as a whole as well as
    December 23, 2015, concerning the Establishment                   performance awards;
    and the Guidelines for the work of Implementation of           c. Providing recommendations to the Board of
    the Audit Committee;                                              Commissioners regarding the preparation of the
6. OJK Regulation No. 01/ POJK.03/2019 dated January                  audit plan, scope, and budget for the Internal
    28, 2019, concerning the implementation of the                    Audit Unit;
    Internal Audit Function in Commercial Banks;                   d. Monitoring and evaluating the audit planning,
7. OJK Regulation Number 9 of 2023 concerning the Use                 audit implementation, and follow-up on the
    of Public Accounting Services and Public Accounting               results of internal and external audits to assess
    Firms in Financial Services Activities;                           the adequacy of internal control;
8. Financial Services Authority Regulation Number 12 of
    2023 dated July 12, 2023, concerning Sharia Business
    Units;



                                                                          PT Bank Tabungan Negara (Persero) Tbk    591
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   e. Reviewing and evaluating internal auditor reports            b. Carrying     out    the    procurement       process
       periodically, recommending and ensuring that                   for prospective public accounting firms in
       the Board of Directors takes corrective action to              accordance with the provisions for procurement
       overcome control weaknesses, fraud, compliance                 of the Company goods and services, and if
       issues with policies and laws and regulations or               necessary, request assistance from the Board of
       other problems identified and reported by the                  Directors in the procurement process.
       Internal Audit Work Unit;                                   c. Provide recommendations to the Board of
   f. Carrying out monitoring and evaluation used                     Commissioners regarding the appointment and/
       to provide recommendations kepada Dewan                        or replacement of Public Accountants/Public
       Komisaris paling sedikit terhadap:                             Accounting Firms based on independence,
       1) Implementation of the duties of the internal                scope of assignment, and service fees;
           audit work unit.                                        d. Evaluating the implementation of audit services
       2) Implementation of follow-up actions by the                  for annual financial information carried out by
           Board of Directors regarding the findings                  Accountants/ Public Accountants/Public Accounting
           of the Company’s internal audit work unit,                 Firms.
           external auditors, results of supervision by            e. Monitoring and reviewing the financial reporting
           the Financial Services Authority, and/or                   process audited by the External Auditor;
           results of supervision by other authorities and         f. Ensuring the credibility and objectivity of the
           institutions.                                              Company’s financial statements to be issued
   g. Monitoring, reviewing, and assessing the                        to external parties and regulatory bodies,
       effectiveness of the implementation of Internal                including addressing complaints and/or notes
       and External Audit, including the management of                of irregularities in the reports during the Audit
       the Whistleblowing System (WBS);                               Committee’s review period;
   h. Ensuring the Internal Audit Unit communicates with           g. reviewing the financial information to be released
       the Board of Directors, Board of Commissioners,                by the Company to the public and/or regulatory
       Sharia Supervisory Board, External Auditors, Bank              authorities, including financial statements,
       Indonesia, and the Financial Services Authority                projections, and other financial-related reports,
       (OJK);                                                         as well as reviewing the monthly financial
   i. Evaluating the performance of the Internal Audit                performance review;
       Unit;                                                       h. Providing an independent opinion in the event of
   j. Ensuring the objectivity, independence, and                     a difference of opinion between management
       integrity of Internal and External Auditors in                 and the Accountant regarding the services
       performing their duties;                                       provided;
   k. Providing recommendations to the Board of                    i. Reviewing complaints related to the Company’s
       Commissioners regarding the issuance of the                    accounting and financial reporting processes.
       Internal Audit Charter;                                  3. Others
   l. Providing recommendations to the Board of                    a. Providing     evaluations/recommendations          to
       Commissioners on the appointment of an                         the Board of Commissioners regarding the
       independent external quality controller to review              appointment, reappointment and removal of Rating
       the performance of the Internal Audit Unit;                    Companies to carry out Sound Level Assessments
2. Financial Reporting                                                (Company Ratings) based on independence,
   a. Conducting monitoring and evaluation of:                        scope of assignment and service fees.
       1) Implementation of internal control policies              b. Providing       recommendations            regarding
           and procedures in the Company’s financial                  improvements to the management control
           reporting process (Internal Control over                   system and its implementation.
           Financial Reporting or ICOFR);                          c. Ensuring that there are satisfactory evaluation
       2) The conformity of Financial Statements                      procedures for all information issued by the
           with financial accounting standards and                    Company.
           regulations set by the Financial Services               d. Identifying matters that require the attention
           Authority (OJK) regarding the recording of                 of the Board of Commissioners as well as other
           financial transactions;                                    duties of the Board of Commissioners.
       The results of the monitoring and evaluation are            e. Carrying out other authorities, duties and
       used to provide recommendations to the Board                   responsibilities related to its functions.
       of Commissioners to ensure the integrity of the             f. Reviewing compliance with laws and regulations
       financial reporting process in the Company.                    relating to Company activities.
                                                                   g. Reviewing and providing advice to the Board of
                                                                      Commissioners regarding potential conflicts of
                                                                      interest of the Company.


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   h. Maintaining the confidentiality of documents,                 i.   Carrying out other duties of the Board of
      data and Company information; and                                  Commissioners in accordance with the Audit
                                                                         Committee’s field of duties.



Audit Committee Charter

The Audit Committee has a Charter and Code of Conduct based on the Decree of the Board of Commissioners
No. 19/KOM/BTN/2024, regarding the Charter and Code of Conduct of the Audit Committee of PT Bank Tabungan
Negara (Persero) Tbk. The Guidelines and Procedures for the Work or the Audit Committee Charter serve as a reference
for the Audit Committee in carrying out its duties effectively. The Audit Committee Charter is created with the aim of
being the basis and guidance for the Audit Committee in carrying out its duties, including monitoring and evaluating
the implementation of the internal control system, assessing the implementation of audit results carried out by the
Internal Audit Unit and external Auditors, reviewing financial information to be issued by the Company, and reviewing
the compliance with regulations relating to the Company’s activities.


The contents of the Audit Committee Guidelines and Work Rules (Charter) include, among others:

                                                    Article 1    General Provisions
               General Provisions, the Purpose of
 Chapter I     Establishing the Audit Committee
                                                                 Definition, Purpose, and Objectives of the Guidelines and
               Charter                              Article 2
                                                                 Procedures for the Work of the Audit Committee.

                                                    Article 3    Audit Committee Responsibilities and Authorities
               Duties, Responsibilities, and
 Chapter II    Authorities of the Audit Committee
                                                    Article 4    Audit Committee Obligations

                                                    Article 5    Procedures and Working Methods of the Audit

               Working Procedures, Information      Committee    Akses dan Kerahasiaan Informasi
               Access and Confidentiality,
 Chapter III   Composition, Structure, and          Article 6    Access to and Confidentiality of Information
               Membership Requirements
                                                                 Structure, Appointment, and Termination of the Audit
                                                    Article 7
                                                                 Committee

                                                    Article 8    Membership Requirements of the Audit Committee

                                                    Article 9    Audit Committee Meetings
               Meeting, Reporting, Work Plan,
Chapter IV     Budget, Income, and Audit            Article 10   Audit Committee Reporting
               Committee Service Period
                                                    Article 11   Work Plan and Budget of the Audit Committee

                                                    Article 12   Compensation for Audit Committee Members

                                                    Article 13   Term of Office
               Education, Support Personnel, and
 Chapter V     Complaints Handling                               Enhancement of Professionalism for Audit Committee
                                                    Article 14
                                                                 Members and the Use of Support Staff

                                                                 Handling Complaints or Reports of Alleged Violations
                                                    Article 15
                                                                 Related to Financial Reports
Chapter VI Evaluation and closing
                                                    Article 16   Evaluation




Authorities of the Audit Committee

The Audit Committee is granted authority by the Board of Commissioners to:
1. Access all relevant information, including documents, and data information about employees, funds, assets, and
   resources of the Company that are required in relation to the duties and functions of the Audit Committee.
2. Communicate directly with employees including the Board of Directors and those who carry out the internal audit,
   risk management, and accountants regarding the responsibilities of the Audit Committee.
3. Involve independent parties outside the members of the Audit Committee who are needed to assist them in
   carrying out their duties (if needed).
4. Do other authorities assigned by the Board of Commissioners.



                                                                              PT Bank Tabungan Negara (Persero) Tbk      593
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                                                       Governance




Term of Office of the Audit Committee                               including Independent Commissioners from both within
                                                                    and outside the Company. The membership of the Audit
The term of office for the Audit Committee members                  Committee must include at least 1 (one) Independent
who are not members of the Board of Commissioners is                Commissioner who also serves as the Chair, 1 (one)
no more than (3) three years and may be extended for 1              Independent Party with expertise in finance/accounting,
(one) or 2 (two) more years of service, without prejudice           and 1 (one) Independent Party with expertise in legal/
to the right of the Board of Commissioners to dismiss               banking matters. This composition ensures a diverse
them at any time..                                                  and qualified team overseeing financial governance
                                                                    and compliance matters. .
Structure, Membership, and Expertise of the Audit
Committee                                                           The chairman and members of the Audit Committee
                                                                    are appointed and dismissed by the Board of
The Audit Committee is established by the Board                     Commissioners. The Chairman of the Audit Committee
of Commissioners, consisting of a chairperson and                   is an Independent Commissioner. Audit Committee
members, all of whom must be entirely independent. The              members may come from members of the Board of
committee comprises a minimum of 3 (three) members,                 Commissioners or outside the Company.



The structure, membership, and expertise of the Audit Committee are listed in the table below..


Table of Structure, Membership, and Expertise of the Audit Committee

                                                                                 Term of Office
   Name           Position     Information        Expertise          Period                           Basis of Appointment
                                                                              Starting       End

 Iqbal          Chairperson    Vice President Banking,              First     March 10,   AGM 2026    Board of
 Latanro        concurrently   Commissioner/ Compliance, Risk                 2021                    Commissioner’s
                serving as a   Independent    Management,                                             Decission Letter Number
                member                        and People                                              01/KOM/BTN/2021 dated
                                              Management                                              March 24,2021

 Sentot A.       Member        Independent     Banking,             First     March 2,    AGM 2027    Board of Commissioners
 Sentausa                      Commissioner    Compliance, Risk               2022                    Decree Number 03/KOM/
                                               Management,                                            BTN/2022 dated March
                                               and Business                                           17, 2022
                                               Administration

 Bambang         Member1       Independent     Accounting, Audit,   First     March 13,   2029 AGM    Board of Commissioners
 Widjanarko                    Commissioner²   Compliance,                    2024                    Decision Number 06/
                                               Banking, Islamic                                       KOM/BTN/2024 dated
                                               Banking, and                                           March 13, 2024
                                               Business
                                               Management


 Andin           Member2       Commissioner    Banking,             Second    March 6,    October     Board of Commissioners
 Hadiyanto                                     Compliance, Risk               2024        15, 2024    Decision Number 02/
                                               Management,                                            KOM/BTN/2024 dated
                                               and Business                                           March 6, 2024
                                               Administration



 Endang A.       Member3       Independent     Audit, Banking,      First     March 13,   March 12,   Board of Directors
 Suprijatna                    Party           Islamic Banking,               2023        2026        Decisions Number 167/
                                               and Accounting                                         DIR/2023 Dated March
                                                                                                      8, 2023




 Indra Jaka      Member4       Independent     Audit,               First     November    November    Board of Directors
 Aprilyanta                    Party           Investigation,                 19, 2024    18, 2027    Decision Number
                                               Banking,                                               1066/DIR/20242 dated
                                               Accounting                                             November 19,2024




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                                                                                             Term of Office
    Name           Position        Information             Expertise            Period                            Basis of Appointment
                                                                                          Starting        End

 Peter            Member5         Independent          Audit, Banking,         Second     November     November   Board of Directors
 Eko Budi                         Party                Islamic Banking,                   19, 2022     18, 2024   Decision Number
 Darwito                                               Finance                                                    1088/DIR/2022 dated
                                                                                                                  November 9, 2022

¹) Appointed as a member of the audit Committee on March 13, 2024
²) Effective based on the Fit and Proper Assessment Decision by OJK on October 7, 2024
³) Term of office ended on October 15, 2024
4
  ) Appointed as a member of the audit Committee on November 19, 2024
5
  ) Term of office ended on November 18, 2024


Profile of the Audit Committee                                                       Sentot A.     His profile can be seen in the Board of
                                                                                     Sentausa      Commissioners section.
The profile of the Audit Committee as of December 31,                                Member        His term as a member of the Audit
                                                                                    of the Audit   Committee is from March 2, 2022, to the
2024, is as follows.                                                                Committee/     Annual General Meeting of Shareholders
                                                                                   Independent     (AGMS) in 2027 (First Period)
                                                                                  Commissioner
  Iqbal Latanro         His profile can be seen in the Board of
   Chairma of           Commissioners section. His term as
    the Audit           Chairman and member of the Audit
   Committee/           Committee is from March 10, 2021, to the
 Vice President         Annual General Meeting of Shareholders                     Bambang         Profil dapat dilihat pada bagian Profil
 Commissioner/          (AGMS) in 2026 (First Period)                              Widjanarko      Dewan Komisaris.
  Independent
                                                                                     Member of     Periode menjabat beliau sebagai
                                                                                     the Audit     anggota Komite Audit dari 13 Maret 2024
                                                                                    Committee/     s.d. RUPST Tahun 2029 (Periode Pertama)
                                                                                   Independent
                                                                                  Commissioner


                                                          Educational Background
                                                          Bachelor of Economics majoring in Accounting, Padjajaran University (1991)

                                                          Certification
                                                          • Certification in Audit Committee Practices (CACP) from IKAI.
                                                          • Chartered Accountant (CA Indonesia) No. 11.D9268.
                                                          • Registered Accountant Certification from the Ministry of Finance of the Republic
                                                            of Indonesia.
                                                          • Banking Risk Management Certification Level 6 from the Banking Professional
                                                            Certification Institute (LSPP).
                                                          • Qualified Internal Auditor from the Qualified Internal Auditor Certification Board

                                                          Work experience
                                                          • Regional Business Control Head (Head of Internal Audit) PT Bank Mandiri
                                                            (Persero) Tbk Region VI West Java, Region VIII East Java and Region V South
                                                            Jakarta including Bogor (2015-January 2023)
                                                          • Consumer Loans Business Center Manager Makassar, Palu, Kendari, Ambon,
                                                            Samarinda & Bontang Region, Lampung Region (November 2009-2014)
Endang A. Suprijatna                                      • Small, Micro & Consumer Credit Audit Team Leader PT Bank Mandiri (Persero) Tbk
Anggota Komite Audit/                                       (2006 – October 2009)
Pihak Independen                                          • Team Leader Audit Distribution (Branch) PT Bank Mandiri (Persero) Tbk (2005)
                                                          • Wholesale Banking Credit Audit Team Leader PT Bank Mandiri (Persero) Tbk
Indonesia citizen,                                          (August 2001 - 2004)
Sumedang, January 17, 1967                                • Senior Auditor General Audit PT Bank Mandiri (Persero) Tbk (July 1999-2001)
(57 years old as of December 2024).                       • Auditor of PT Bank Export Import Indonesia (Persero) (December 1993- 1999)
domiciled Bekasi, West Java.

                                                          Basis of Appointment
                                                          Decree of the Board of Directors of PT Bank Tabungan Negara (Persero) Tbk. Number
                                                          167/DIR/2023 dated March 8, 2023 concerning the Determination of Mr. Endang A.
                                                          Suprijatna as Member of the Audit Committee.

                                                          Period of Office
                                                          First term of office March 13, 2023 to March 12, 2026

                                                          Concurrent Position
                                                          No concurrent position




                                                                                          PT Bank Tabungan Negara (Persero) Tbk        595
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                                                   Corporate
                                                   Governance




                                              Educational Background
                                              Bachelor of Economics majoring in Accounting, Padjajaran University (1991)

                                              Sertifikasi
                                              • Certification in Audit Committee Practices No. Certificate 11013/CACP/X/2024
                                                from the Indonesian Audit Committee Association (IKAI), 2024.
                                              • Certified Forensic Auditor (CfrA) No. Reg. AUD. 082.0000239.2022 from the
                                                Forensic Auditor Professional Certification Institute 2022.
                                              • Computer Hacking Forensic Investigator , Certification Number ECC4210578693
                                                from EC-Council tahun 2022.
                                              • Risk Management Certification Level 3, KEU.030 1754412, from the Banking
                                                Professional Certification Institute (LSPP), 2021.
                                              • Chartered Accountant (CA Indonesia) No. 11.D10199 from IAI 2017.
                                              • National Register of Accountants No. RNA 18068 from the Ministry of Finance of
                                                the Republic of Indonesia, Secretariat General, Center for Financial Profession
                                                Development, 2017.
                                              • Certified Fraud Examiner dari Association of Certified Fraud Examiners (ACFE)
                                                2012.
                                              • Qualified Internal Auditor (QIA) No. Reg. 0587/QIA/99 Qualified Internal Auditor,
Indra Jaka Aprilyanta                           Certification Board, 1999.
Member of the Audit Committee/                • National Register for Accountants No. D-10199 from the Ministry of Finance of the
Independent Party                               Republic of Indonesia, 1996.

Indonesia citizen,
Yogyakarta, April 16, 1968                    Work Experience
56 years old as of December 2024,             • Investigator Head - Senior Investigator, Internal Audit, PT Bank Mandiri (Persero)
domiciled Bogor, Jawa Barat.                    Tbk (March 2020 to April 2024)
                                              • Specialist – Investigation, Internal Audit, PT Bank Mandiri (Persero) Tbk
                                                (September 2016 s.d. March 2020)
                                              • Senior Credit Risk Manager - Regional Risk Management III Jakarta Kota, PT Bank
                                                Mandiri (Persero) Tbk (November 2013 – September 2016)
                                              • Credit Risk Manager Authority (Detasering) - Regional Risk Management III
                                                Jakarta Kota - Commercial Risk, PT Bank Mandiri (Persero) Tbk (June 2013 –
                                                November 2013)
                                              • Lead Auditor – Wholesale Banking Audit, Internal Audit, PT Bank Mandiri (Persero)
                                                Tbk (Desember 2010 – May 2013)
                                              • Team Leader - Commercial Banking Audit, Internal Audit, PT Bank Mandiri
                                                (Persero) Tbk (Desember 2008 – November 2010)
                                              • Team Leader - Corporate Center Audit, Internal Audit, PT Bank Mandiri (Persero)
                                                Tbk (May 2006 - November 2008)
                                              • Team Leader - Distribution Audit, Internal Audit, PT Bank Mandiri (Persero) Tbk
                                                (January 2003 - April 2006)
                                              • Senior Auditor - Distribution Audit, Internal Audit, PT Bank Mandiri (Persero) Tbk
                                                (August 1999 - January 2003)
                                              − Auditor, Supervision Bureau, PT Bank Ekspor Impor Indonesia              (Persero)
                                                (Desember 1993 - July 1999)

                                              Legal Basis for Appointment
                                              Boards of Directors Decree PT Bank Tabungan Negara (Persero) Tbk, Number 1066/
                                              DIR/2024, dated November 19, 2024, regarding the appointment of Mr. Indra Jaka
                                              Aprilyanta as a member of the Audit Committee.

                                              Period of Office
                                              First term of office: November 19, 2024 – November 18, 2027.

                                              Concurrent Position
                                              Does not hold any concurrent positions.




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The Independency of the Audit Committee


Table of the Audit Committee Independency

                                                                                                                         Peter
                                    Iqbal    Sentot A.       Bambang      Andin   Endang A. Indra Jaka
  Independence Aspect                                                                                                   Eko Budi
                                   Latanro   Sentausa        Widjanarko Hadiyanto Suprijatna Aprilyanta
                                                                                                                        Darwito

Having no financial
relationship with the members
of the Board of Commissioners
and the Board of Directors

Having no managerial
relationship at the company, its
subsidiaries, and its affiliates

Having no share ownership
relationship in the Company

Having no familial
relationship with the Board
of Commissioners, Board
of Directors, and/or fellow
members of the Audit
Committee

Not serving as a member of a
political party management or
a government official



Training and/or Competency Development of The Audit Committee In 2024


                                         Type of Training and Competency
    Name              Position                                                           Time and place            Organizer
                                          Development / Training Material

Iqbal Latanro     Chairperson         Training and/or Competency Development can be found in the Training and/or
                  and concurrent      Competency Development section of the Board of Commissioners.
                  member

Sentot A.         Member              Training and/or Competency Development can be found in the Training and/or
Sentausa                              Competency Development section of the Board of Commissioners.

Bambang           Member              Training and/or Competency Development can be found in the Training and/or
Widjanarko                            Competency Development section of the Board of Commissioners.

Andin             Member1             Training and/or Competency Development can be found in the Training and/or
Hadiyanto                             Competency Development section of the Board of Commissioners.

Endang A.         Member              Executive Risk Management Program - Level 5      January 27, 2024         LPPI
Suprijatna                                                                             Bogor

                                      SMR Level 6 Briefing                             May 6, 2024 Jakarta      LPPI

                                      Risk Management Certification Level 5            March 14, 2024           LSPP
                                                                                       Jakarta

                                      Risk Management Certification Level 6            May 13, 2024 Jakarta     LSPP

                                      Strategy to Accelerate Islamic Finance Market    March 21, 2024 Virtual   OJK Institute
                                      Share                                            Classroom

                                      Opportunities and Challenges in Personal         May 30, 2024 Virtual     OJK Institute
                                      Data Protection in Transactions in the Digital   Classroom
                                      Era

                                      Opportunities and Challenges in Open             April 25, 2024 Virtual   OJK Institute
                                      Finance Protection in Indonesia                  Classroom




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                                                   Governance




                                      Type of Training and Competency
    Name            Position                                                           Time and place               Organizer
                                       Development / Training Material

                                   Chartered Accountant Indonesia Certification      June 5, 2024 Jakarta     IKAI

                                   Registered Accountant Certification               June 25, 2024 Jakarta    Ministry of
                                                                                                              Finance

                                   The Role of Digital Technology in Enhancing       July 11, 2024 Virtual    OJK Institute
                                   Accounting Practices                              Classroom


                                   The Strategic Role of the Audit Committee in      August 1, 2024 Virtual   IKAI
                                   Ensuring Cybersecurity                            Classroom


                                   ACIIA Regional Conference: Purposeful Impact      August 28-29, 2024       IIA Indonesia
                                                                                     Bali


                                   Boardroom Bound : Accelerating Growth to          October 25, 2024         LPPI
                                   Embrace The Future BTN                            Batam


                                   SNIA-Cultural Transformation: Integrating         December 4-5,            YPIA
                                   ESG, CYbersecurity, and Innovative Risk
                                   management

Indra Jaka       Member            Training Certification in Audit Committee         2024 Bali                IKAI
Aprilyanta                         Practices (CACP)

Peter Eko Budi   Member 2          Dissemination of First-Year HAU                   January 5, 2024          IAPI DAN OJK
Darwito                            Implementation Study in LAI on Issuers'           Virtual Classroom
                                   Financial Statements for Fiscal Year 2022

                                   Executive Risk Management Program - Level 5       January 27, 2024         LPPI
                                                                                     Bogor


                                   Strategy to Accelerate Islamic Finance Market     March 21, 2024 Virtual   OJK Institute
                                   Share                                             Classroom


                                   Artifiicial Intelligence Changes the Face of      March 7, 2024 Virtual    OJK Institute
                                   Financial Sector                                  Classroom


                                   Risk Management Certification Level 6 Briefing    May 6, 2024 Jakarta      LPPI

                                   Risk Management Certification Level 5             March 4, 2024 Jakarta    LSPP

                                   Risk Management Certification Level 6             May 13, 2024 Jakarta     LSPP

                                   Financial Accounting Certification - Pathway      May 16-17, 2024          IAI
                                   to CA Indonesia                                   Jakarta

                                   The Role of Innovative Credit Scoring (ICS) in    June 27, 2024 Virtual    OJK Institute
                                   Improving Funding Access                          Classroom


                                   Navigating The Half-Year: Roadmap to              June 20, 2024 Virtual    OJK Institute
                                   Success                                           Classroom

                                   Digital Marketing Strategy in the Digital Era:    June 5, 2024 Virtual     OJK Institute
                                   Effective Tactics and Steps to Maximize Profits   Classroom


                                   Opportunities and Challenges in Personal          May 30, 2024 Virtual     OJK Institute
                                   Data Protection in Transactions in the Digital    Classroom
                                   Era

                                   How to Prevent Greenwashing in Sustainable        May 16, 2024 Virtual     OJK Institute
                                   Finance                                           Classroom




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                                                   Type of Training and Competency
        Name                Position                                                             Time and place            Organizer
                                                    Development / Training Material

                                                How to Prevent Accounting Fraud in Financial   May 2, 2024 Virtual      OJK Institute
                                                Sector                                         Classroom

                                                The Strategic Role of the Audit Committee in   August 1, 2024 Virtual   IKAI
                                                Ensuring Cybersecurity                         Classroom


                                                Market Conduct Implementation Strategy:        August 8, 2024 Virtual   OJK Institute
                                                Building Trust and Enhancing the Financial     Classroom
                                                Services Industry's Performance



                                                Driving Corporate Performance through          July 25, 2024 Virtual    OJK Institute
                                                Artificial Intelligence                        Classroom

                                                Expansive Leadership Program                   September 5-6, 2024      Mediatama
                                                                                               Bali                     Sinergi Emas


                                                Boardroom Bound : Accelerating Growth to       October 25, 2024         LPPI
                                                Embrace The Future BTN                         Batam


1)
     Term of office ends on October 15, 2024
2)
     Term of office ends on November 18, 2024




The Audit Committee’s Meeting
                                                                             6. If consensus deliberation is not reached, the
1.    The Audit Committee holds meetings at least as                             decisions are taken based on the majority vote.
      frequently as the minimum number of meetings                           7. Every Audit Committee meeting must be recorded
      required by the Board of Commissioners, as                                 in minutes, signed by all attending members, and
      stipulated in the Articles of Association and/or at                        properly documented in accordance with applicable
      least once a month.                                                        laws and regulations.
2.    The Audit Committee meeting can be conducted                           8. The minutes as mentioned above shall be submitted
      if attended by the majority of the Audit Committee                         in writing by the Audit Committee to the Board of
      members or at least 51% (fifty-one percent) of the                         Commissioners.
      total members                                                          9. Dissenting opinion that occurs in the Audit Committee
3.    If there is a conflict of interest between the                             meeting must be included in the Minutes of Meeting
      audit members about the discussion object, the                             clearly, along with the reasons for disagreements.
      committee has to declare that there is a conflict of                   10. If an Audit Committee member is unable to attend
      interest and he/she does not have the right to vote in                     the meeting physically, they may participate through
      the decision making.                                                       face-to-face virtual meetings using information
4.    The meeting is chaired by the Head of Audit                                technology.
      Committee or by the most senior member when the                        11. The attendance of the Audit Committee members
      Head of Audit Committee is unable to attend.                               is reported in the quarterly report and the annual
5.    Meeting decisions are taken based on consensus                             report of the Audit Committee.
      deliberation.




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THE AUDIT COMMITTEE MEETING AGENDA


Throughout 2024, the date, meeting agenda, and Audit Committee meeting participants were recorded as follows..



 No.            Date                              Meeting Agenda                                            Participant

                                                                                               •   Iqbal Latanro
                                                                                               •   Sentot A. Sentausa
                             Audit Committee Recommendations for the Appointment of
  1.    January 8, 2024                                                                        •   Andin Hadiyanto
                             Public Accounting Firm (KAP) for Fiscal Year 2024
                                                                                               •   Endang A. Suprijatna
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                                                                                               •   Sentot A. Sentausa
  2.    January 22, 2024     Annual Audit Plan for 2024
                                                                                               •   Endang A. Suprijatna
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                             Closing Meeting of the Financial Statement Audit as of            •   Sentot A. Sentausa
  3.    February 1, 2024
                             December 31, 2023                                                 •   Andin Hadiyanto
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                             Audit Realization, Monitoring of Follow-Ups, and Anti-Fraud       •   Sentot A. Sentausa
  4.    February 5, 2024
                             Strategy up to Q4 2023                                            •   Andin Hadiyanto
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                             Review of Draft Published Financial Statements as of              •   Sentot A. Sentausa
  5.    February 06, 2024
                             December 31, 2023 (Audited)                                       •   Andin Hadiyanto
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                                                                                               •   Sentot A. Sentausa
                             Recommendation for Approval of the 2024 Annual Audit Plan
  6.    February 26, 2024                                                                      •   Andin Hadiyanto
                             and Quarterly Audit Committee Report
                                                                                               •   Endang A. Suprijatna
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                                                                                               •   Sentot A. Sentausa
                             Evaluation of KAP Services for the Financial Statement Audit
  7.    March 13, 2024                                                                         •   Andin Hadiyanto
                             of Fiscal Year 2023
                                                                                               •   Endang A. Suprijatna
                                                                                               •   Peter Eko Budi Darwito

                                                                                               •   Iqbal Latanro
                             Discussion on the Management Letter as of December 31,            •   Sentot A. Sentausa
  8.    March 20, 2024
                             2023                                                              •   Endang A. Suprijatna
                                                                                               •   Peter Eko Budi Darwito

                                                                                               • Iqbal Latanro
                                                                                               • Sentot A. Sentausa
                                                                                               • Andin Hadiyanto
                             Review of Draft Published Financial Statements as of March
  9.    April 23, 2024                                                                         • Bambang Widjanarko sebagai
                             31, 2024 (Unaudited)
                                                                                                 pengamat
                                                                                               • Endang A. Suprijatna
                                                                                               • Peter Eko Budi Darwito

                                                                                               • Iqbal Latanro
                                                                                               • Sentot A. Sentausa
                             Discussion on Internal Audit Division (IAD) Activity Report for   • Bambang Widjanarko sebagai
 10.    May 15, 2024
                             Q1 2024                                                             pengamat
                                                                                               • Endang A. Suprijatna
                                                                                               • Peter Eko Budi Darwito

                                                                                               • Iqbal Latanro
                                                                                               • Sentot A. Sentausa
                                                                                               • Andin Hadiyanto
                             Appointment of a Corporate Rating Agency for PT Bank
  11.   May 27, 2024                                                                           • Bambang Widjanarko sebagai
                             Tabungan Negara (Persero) Tbk for Fiscal Year 2024
                                                                                                 pengamat
                                                                                               • Endang A. Suprijatna
                                                                                               • Peter Eko Budi Darwito




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No.           Date                           Meeting Agenda                                       Participant

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
12.   June 03, 2024     Quarterly Audit Committee Report                                • Bambang Widjanarko sebagai
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
                        Progress of Internal Control over Financial Reporting (ICoFR)
13.   June 10, 2024                                                                     • Bambang Widjanarko sebagai
                        Diagnostics
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
14.   July 01, 2024     Follow-Up on the Audit Findings Report by BPK-RI                • Bambang Widjanarko sebagai
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
                        Discussion on Governance Self-Assessment and Internal
15.   July 08, 2024                                                                     • Bambang Widjanarko sebagai
                        Audit Exit Meeting Results
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
                        Review of Draft Published Financial Statements as of June
16.   July 22, 2024                                                                     • Bambang Widjanarko sebagai
                        30, 2024 (Unaudited)
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
17.   August 05, 2024   Implementation Report of Q2 2024 Audit                          • Bambang Widjanarko sebagai
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                        Fraud Handling Protocol and Anti-Fraud Strategy                 • Bambang Widjanarko sebagai
18.   August 12, 2024
                        Implementation                                                    pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                        Implementation of POJK Governance for UUS, UUS                  • Andin Hadiyanto
19.   August 19, 2024   Performance Achievements, Preparation for UUS Spin-Off,         • Bambang Widjanarko sebagai
                        and DPS KPI                                                       pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito

                                                                                        • Iqbal Latanro
                                                                                        • Sentot A. Sentausa
                                                                                        • Andin Hadiyanto
20.   August 26, 2024   Q2 2024 Audit Committee Report                                  • Bambang Widjanarko sebagai
                                                                                          pengamat
                                                                                        • Endang A. Suprijatna
                                                                                        • Peter Eko Budi Darwito




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No.           Date                               Meeting Agenda                                        Participant

                                                                                          • Iqbal Latanro
                                                                                          • Sentot A. Sentausa
                                                                                          • Andin Hadiyanto
 21.   September 2, 2024    Evaluation of Internal Audit Performance                      • Bambang Widjanarko sebagai
                                                                                            pengamat
                                                                                          • Endang A. Suprijatna
                                                                                          • Peter Eko Budi Darwito

                                                                                          • Iqbal Latanro
                                                                                          • Sentot A. Sentausa
                                                                                          • Andin Hadiyanto
22.    September 2, 2024    Procurement of Public Accounting Firm Services                • Bambang Widjanarko sebagai
                                                                                            pengamat
                                                                                          • Endang A. Suprijatna
                                                                                          • Peter Eko Budi Darwito

                                                                                          • Iqbal Latanro
                                                                                          • Sentot A. Sentausa
                                                                                          • Andin Hadiyanto
                            Procurement of Construction Services for Learning Center
23.    September 30, 2024                                                                 • Bambang Widjanarko sebagai
                            Development
                                                                                            pengamat
                                                                                          • Endang A. Suprijatna
                                                                                          • Peter Eko Budi Darwito

                                                                                          • Iqbal Latanro
                                                                                          • Sentot A. Sentausa
                                                                                          • Andin Hadiyanto
24.    September 30, 2024   Internal Audit Policy and Data Analytics                      • Bambang Widjanarko sebagai
                                                                                            pengamat
                                                                                          • Endang A. Suprijatna
                                                                                          • Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
                            Thematic Audit Findings on Mortgage Distribution & High
25.    October 14, 2024                                                                   •   Bambang Widjanarko
                            Yield Consumer Loans; and Internal Audit Process Activities
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
26.    October 28, 2024     Progress of General Audit Technical Guidelines Preparation    •   Bambang Widjanarko
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
                            Review of Internal Control over Financial Reporting (ICoFR)
27.    October 28, 2024                                                                   •   Bambang Widjanarko
                            Diagnostics
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
                            Recommendation for the Appointment of KAP for the Limited
28.    November 04, 2024                                                                  •   Bambang Widjanarko
                            Review of Financial Statements as of September 30, 2024
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
29.    November 11, 2024    Implementation Report of Q3 2024 Internal Audit Activities    •   Bambang Widjanarko
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito

                                                                                          •   Iqbal Latanro
                                                                                          •   Sentot A. Sentausa
30.    November 11, 2024    Update on General Internal Control System Policy              •   Bambang Widjanarko
                                                                                          •   Endang A. Suprijatna
                                                                                          •   Peter Eko Budi Darwito




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No.         Date                               Meeting Agenda                                         Participant

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
31.   November 13, 2024   Quarterly Audit Committee Report                               •   Bambang Widjanarko
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Peter Eko Budi Darwito

                                                                                         •   Iqbal Latanro
                          Response to the Procurement of ECOPARK Construction            •   Sentot A. Sentausa
32.   November 18, 2024   Services and Review of Work Programs of the Board of           •   Bambang Widjanarko
                          Commissioners’ Supporting Organs                               •   Endang A. Suprijatna
                                                                                         •   Peter Eko Budi Darwito

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
33.   November 25, 2024   Closing Meeting of Limited Review of Financial Statements      •   Bambang Widjanarko
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
                          Review of Draft Published Financial Statements as of
34.   November 27, 2024                                                                  •   Bambang Widjanarko
                          September 30, 2024 (Reviewed)
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
35.   November 28, 2024   Response to Special Audit Reports                              •   Bambang Widjanarko
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
                          Internalization of Internal Control over Financial Reporting
36.   December 2, 2024                                                                   •   Bambang Widjanarko
                          Policies
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
37.   December 9, 2024    Audit Committee Charter and Work Program                       •   Bambang Widjanarko
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
                          Approval of General Internal Control System Policy and
38.   December 16, 2024                                                                  •   Bambang Widjanarko
                          Response to KBUMN Letter
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta

                                                                                         •   Iqbal Latanro
                                                                                         •   Sentot A. Sentausa
                          Discussion on Disclosure of Information (KI) on Affiliated
39.   December 31, 2024                                                                  •   Bambang Widjanarko
                          Transactions
                                                                                         •   Endang A. Suprijatna
                                                                                         •   Indra Jaka Aprilyanta




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MEETING FREQUENCY AND ATTENDANCE LEVEL OF THE AUDIT


Throughout 2024, the Audit Committee has held 39 meetings. The frequency and level of meeting attendance for each
member of the Audit Committee is as follows.


Table of Audit Committee Meeting Attendance Level

                                                                                           Audit Committee Meetings
 No.              Name                           Position
                                                                            Number of                Number of
                                                                                                                               Percentage
                                                                             Meeting                 Attendance

   1.   Iqbal Latanro                  Chairperson and                            39                        39                     100.00%
                                       concurrent member

  2.    Sentot A. Sentausa             Member                                     39                        39                     100.00%

  3.    Bambang Widjanarko             Member1                                     15                        15                    100.00%

  4.    Andin Hadiyanto                Member2                                    25                        20                      80.00%

  5.    Endang A. Suprijatna           Member                                     39                        36                       92.31%

  6.    Indra Jaka Aprilyanta          Member3                                      7                         7                    100.00%

  7.    Peter Eko Budi Darwito         Member   4
                                                                                  32                        32                     100.00%

¹) Appointed as a member of the Audit Committee on March 13, 2024, and effective based on the Fit and Proper Test Decision by the Financial Services
    Authority on October 7, 2024
²
 ) Term of office ends on October 15, 2024
³) Appointed as a member of the Audit Committee on November 19, 2024
4
  ) Term of office ends on November 18, 2024.




Audit Committee Work Plan and Implementation of Duties in 2024


 No.                                                       Activities                                                       Accomplishment

        A. REGULAR ACTIVITIES:

   1.   Providing input and recommendations for Approval of the Annual Audit Planto the Board of Commissioners.                Accomplished

        Monthly monitoring and evaluation of the implementation of tasks & follow-up of Internal Audit,
  2.                                                                                                                           Accomplished
        including internal control.

  3.    Attending the Exit Meeting for General Internal Audit (IAD).                                                           Accomplished

        Monitoring and evaluating the implementation of audits by External Auditors (OJK, BI, BPK, Audit Firms,
  4.                                                                                                                           Accomplished
        etc.), including follow-up on audit results.

  5.    Checking and evaluating Quarterly Financial Publication Reports.                                                       Accomplished

        Providing recommendations on the appointment of Public Accountants to the Board of Commissioners
  6.                                                                                                                           Accomplished
        for decision in the General Shareholders' Meeting.

        Conveying recommendations on the appointment of Public Accountants to the Board of
  7.    Commissioners to be submitted to the Ministry of State-Owned Enterprises in the context of the                         Accomplished
        General Shareholders' Meeting agenda.

        Monitoring reports on the appointment of Public Accounting Firms according to the General
  8.                                                                                                                           Accomplished
        Shareholders' Meeting to the OJK.

  9.    Monitoring the progress of audits by KAP                                                                               Accomplished

        Providing an evaluation of the implementation of the provision of Audit Services for Financial
  10.                                                                                                                          Accomplished
        Information by KAP to be submitted to the OJK

        Evaluating the implementation of Financial Information Audit Services by the Public Accounting Firm
  11.                                                                                                                          Accomplished
        for submission to KBUMN




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 No.                                               Activities                                             Accomplishment

        Recommending the procurement and appointment of Rating Companies for assessing SOE’s
  12.                                                                                                        Accomplished
        SoundnessLevel

        Reviewing, evaluating, and providing input to the Board of Commissioners regarding the monthly
  13.                                                                                                        Accomplished
        performance review material presented by the Board of Directors

        Compiling quarterly and annual reports on the activities of the Audit Committee to the Board of
 14.                                                                                                         Accomplished
        Commissioners

        Preparing the Board of Commissioners' Supervision Report on RBB Realization (Semi-Annual) for
 15.                                                                                                         Accomplished
        submission to the Financial Services Authorithy (Audit Committee section)

        Preparing the Board of Commissioners' Response to Corporate Performance (Quarterly) for
 16.                                                                                                         Accomplished
        submission to the Minister of SOEs (Audit Committee section)

  17.   Preparing the Payment System Report for Bank Indonesia (Audit Committee section)                     Accomplished

        Assessment of the completion of the Self-Assessment GCG Half-Yearly Working Papers by the Audit
 18.                                                                                                         Accomplished
        Committee & Board of Commissioners.

 19.    Compiling the Annual Report related to the Audit Committee and Board of Commissioners.               Accomplished

 20.    Preparing the AGMS scenario (Audit Committee section)                                                Accomplished

        B. NON-REGULAR ACTIVITIES:

        Providing independent opinions in the event of differences of opinion between Management and There is no difference
  1.
        Public Accountants regarding the services provided                                              of opinion yet

                                                                                                          There is no difference
  2.    Reviewing complaints related to the bank's accounting and financial reporting processes
                                                                                                             of opinion yet

        Accompanying members of the Board of Commissioners on working visits to BTN offices as assigned
  3.                                                                                                         Accomplished
        by the Board of Commissioners

        Participating in training, seminars, workshops as assigned by the Board of Commissioners for
  4.                                                                                                         Accomplished
        Competency Development related to Duties and Responsibilities

        Providing recommendations to the Board of Commissioners and guidance to work units in line with
  5.                                                                                                         Accomplished
        the Audit Committee’s duties and responsibilities as per its charter

        C. OTHERS

  1.    Audit Committee Meetings                                                                             Accomplished

  2.    Providing input on the RKAP and RBB concepts prepared by Management                                  Accomplished



Audit Committee Statement on the Effectiveness of Internal Control System
The internal control system implemented by BTN has generally been running well. Management continues to strive to
improve the implementation of the internal control system by referring to internal and external audit reports.

Remuneration and Nomination Committee

Remuneration and Nomination Committee is formed by and is responsible to the Board of Commissioners, whose task
is to assist the Board of Commissioners in carrying out their duties. The Remuneration and Nomination Committee is
one of the corporate organs, working together with the Human Capital Division and Learning Center Division as a tool
owned by the Board of Directors for raising human capital as strategic assets and strategic partners, analyzing policies,
monitoring the implementation of preparing prospective leaders that will be a role model, and providing meticulous
attention to the implementation of good corporate governance, including policies and the amount of remuneration.




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Legal Basis for Establishing the Remuneration                       Social and Environmental Responsibility Programs of
and Nomination Committee                                            State-Owned Enterprises.
                                                                15. Decree of the Minister of State-Owned Enterprises
The Company establishes the Nomination and                          No. PER-2/MBU/03/2023 dated March 24, 2023,
Remuneration Committee in accordance with the                       regarding Guidelines for Governance and Significant
following Regulations, Provisions and Legislation::                 Corporate Activities of State-Owned Enterprises.
1. Bank Indonesia Circular Letter No. 11/28/DPbS dated          16. Decree of the Minister of State-Owned Enterprises
    October 5, 2009, concerning Sharia Business Units, as           No. PER-3/MBU/03/2023 dated March 24, 2023,
    amended by Bank Indonesia Circular Letter No. 15/51/            regarding the Organization and Human Resources
    DPbS dated December 30, 2013.                                   of State-Owned Enterprises.
2. Bank Indonesia Regulation No. 11/33/PBI/2009 dated           17. Articles of Association of PT Bank Tabungan Negara
    December 7, 2009, concerning the Implementation of              (Persero) Tbk.
    Good Corporate Governance for Sharia Commercial             18. Joint Agreement Letter of the Board of Commissioners
    Banks and Sharia Business Units.                                of PT Bank Tabungan Negara (Persero) Tbk No. 01/
3. OJK Regulation No. 33/POJK.04/2014 dated December                SKB/KOM/BTN/2024 and the Board of Directors No.
    1, 2014, regarding the Board of Directors and Board of          SKB-01/DIR-BTN/2024 on Guidelines for the Working
    Commissioners of Issuers or Public Companies.                   Relationship between the Board of Commissioners
4. OJK Regulation No. 34/POJK.04/2014 dated December                and the Board of Directors.
    8, 2014, regarding the Nomination and Remuneration          19. Board of Commissioners Decree No. 18/KOM/
    Committee of Issuers or Public Companies.                       BTN/2024 dated December 18, 2024, on Guidelines and
5. OJK       Regulation    No.   45/POJK.03/2015    dated           Rules of Procedure for the Board of Commissioners.
    December 23, 2015, regarding the Implementation             20. Board of Commissioners Decree No. 20/KOM/
    of Governance in Providing Remuneration for                     BTN/2024 dated December 18, 2024, on Guidelines
    Commercial Banks.                                               and Rules of Procedure for the Remuneration and
6. OJK Circular Letter No. 40/SEOJK.03/2016 dated                   Nomination Committee.
    September 26, 2016, regarding the Implementation
    of Governance in Providing Remuneration for                 Duties and Responsibilities of Remuneration and
    Commercial Banks.                                           Nomination Committee
7. OJK       Regulation    No.   59/POJK.03/2017    dated
    December 18, 2017, regarding the Implementation             In accomplishing its main duties, the Committee is
    of Governance in Providing Remuneration for Sharia          responsible to the Board of Commissioners for the
    Commercial Banks and Sharia Business Units.                 following detailed responsibilities:
8. OJK Regulation No. 41/POJK.03/2019 dated December            1. The duties of the Committee regarding remuneration
    26, 2019, on Mergers, Consolidations, Acquisitions,             are:
    Integrations, and Conversions of Commercial Banks.              a. The Committee provides recommendation to the
9. OJK Regulation No. 4242/POJK.04/2020 dated July                      Board of Commissioners related to:
    1, 2020, on Affiliated Transactions and Conflict of                 • Structure of remuneration.
    Interest Transactions;                                              • Policy regarding remuneration.
10. OJK Regulation No. 8 of 2023 dated June 14, 2023,                   • Rate of remuneration.
    on the Implementation of Anti-Money Laundering,                 b. The      Committee     assists   the    Board   of
    Prevention of Terrorism Financing, and Prevention                   Commissionaires to assess the appropriateness
    of Proliferation Financing of Weapons of Mass                       between working performance and remuneration
    Destruction in the Financial Services Sector.                       received by each member of Board of Directors
11. OJK Regulation No. 17 of 2023 dated September 14,                   and/or Board of Commissionaires.
    2023 concerning the Implementation of Governance                c. In completing the remuneration-related duties, it
    for Commercial Banks.                                               is obliged for the Committee to do the following
12. OJK Regulation No. 2 of 2024 dated February 16, 2024,               procedure:
    on the Implementation of Sharia Governance for                      • Formulating the structure, policy, and rate
    Sharia Commercial Banks and Sharia Business Units.                      of remuneration for members of Board of
13. Financial     Services    Authority   Circular  Letter                  Directors and/or Board of Commissionaires;
    No. 39/SEOJK.03/2016 dated September 13, 2016, on                       and
    Fit and Proper Test for Candidates of Controlling                   • Formulating        structure,    policy,   and
    Shareholders, Candidates of the Board of Directors,                     remuneration for members of Sharia
    and Candidates of the Board of Commissioners.                           Supervisory Board (DPS).
14. Decree of the Minister of State-Owned Enterprises               d. The said remuneration structure may be in the
    No. PER-1/ MBU/03/2023 dated March 24, 2023,                        form of fixed and/or variable salary, honorarium,
    regarding Special Assignments and Corporate                         incentive, or allowance.



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   e. The drafting of structure, policy, and rate of            •   Performance evaluation policy for members
      remuneration has to consider the following                    of the Board of Directors and/or Board of
      aspects:                                                      Commissioners; and
      • The relevance of remuneration applied to                • Proposal for appointment and/or replacement
          industries to the Bank’s business activities              of members of Sharia Supervisory Board to be
          and business scale.                                       submitted in the GMS.
      • Duty, responsibility, and authority of members     b.   The     Committee     assists   the   Board     of
          of the Board of Directors and/or Board of             Commissioners      to    conduct    performance
          Commissionaires associated with the Bank’s            assessment of members of the Board of Directors
          goal achievement and performance.                     and/or Board of Commissioners by referring to
      • The target of performance or the performance            the valid parameters as an evaluation material.
          of each member of the Board of Directors         c.   The Committee offers recommendation to the
          and/or Board of Commissionaires.                      Board of Commissioners concerning competency
      • Balance between the fixed and the variable              development program for members of the Board
          allowance.                                            of Directors and/or Board of Commissioners.
   f. The Committee evaluates remuneration-related         d.   The     Committee      recommends      proposed
      policy which is based on performance, risk,               candidates who are eligible to be appointed as
      fairness with peer groups, target, Company’s              members of the Board of Directors and/or Board
      long-term strategy, reserve fulfillment as                of Commissioners to the Board of Commissioners
      regulated in the constitution, and the Company’s          to be submitted in the GMS.
      future income potential.                             e.   In accomplishing its Nomination function, the
   g. The Committee delivers the result of the                  Committee is obliged to complete the following
      evaluation and recommendation to the Board of             procedures:
      Commissionaires regarding:                                • Formulating the composition and process
      • Remuneration policy for the Board of                        of nomination for members of the Board of
          Directors, Board of Commissionaires, and                  Directors and/or Board of Commissioners.
          Sharia Supervisory Board to be delivered in           • Formulating necessary policy and criteria for
          the General Meeting of Shareholders (GMS).                the Nomination process of the candidates
      • Overall remuneration for employees to be                    of the Board of Directors and/or Board of
          submitted to the Board of Directors.                      Commissioners.
   h. The Committee carries out regular evaluation              • Assisting the evaluation of the performance
      for at least once a year regarding the structure,             of members of the Board of Directors and/or
      policy, and rate of remuneration.                             Board of Commissioners.
   i. The Committee formulates and evaluates the                • Formulating      competency       development
      payroll and allowance system of the members                   program for members of the Board of
      of Board of Commissionaires, and provides                     Directors and/or Board of Commissioners.
      recommendation related to:                                • Reviewing and proposing qualified member
      • Assessment of the system;                                   candidates of the Board of Directors and/
      • Available options, one of which is stock option;            or Board of Commissioners to the Board of
      • Retirement System, Pension; and                             Commissioners to be submitted in the GMS.
      • Compensation System and other benefits of          f.   The Committee formulates, implements, and
          employee reduction.                                   analyzes criteria and procedure of nomination
   j. The      Committee       accomplishes       other         for the candidates of Sharia Supervisory Board.
      remuneration-related duties from the Board of        g.   Developing a system and mechanism for
      Commissioners.                                            assessing the performance of the Board of
2. The duties of the Committee regarding Nomination             Commissioners, Board of Directors, and Sharia
   are:                                                         Supervisory Board.
   a. The Committee provides recommendation to the         h.   Monitoring and analyzing criteria and nomination
      Board of Commissioners regarding the following            procedures for other executives up to one level
      matters:                                                  below the Board of Directors.
      • Nomination of Director candidates referring        i.   Conducting identification and monitoring of the
          to the Company’s strategy;                            profiles of the Board of Commissioners, Board
      • Composition of members of the Board of                  of Directors, and Executive Officers, particularly
          Directors and/or Board of Commissioners;              those who have been and will be included in the
      • Required policy and criteria for Nomination             nominated talent pool, through:
          process;




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        •   Researching via the internet and/or print                    l. Providing recommendations to the Board
            media, including social media monitoring.                       of Commissioners regarding Independent
        • Verifying the State Officials’ Wealth Report                      Parties who will become members of the audit
            (LHKPN).                                                        committee as referred to in OJK Regulation No.
        • Ensuring that the Board of Commissioners,                         17 of 2023 dated September 14, 2023, on the
            Board of Directors, and Executive Officers do                   Implementation of Governance for Commercial
            not have non-performing loans or financial                      Banks, Article 64, Paragraph (1) Letter b, as well
            issues or have been declared bankrupt.                          as members of the risk monitoring committee as
        • Ensuring that the Board of Commissioners,                         referred to in Article 65, Paragraph (1) Letters b
            Board of Directors, and Executive Officers are                  and c.
            not engaged in activities/actions prohibited                 m. Reviewing the management system of the
            by applicable regulations                                       Human Resources Work Unit and human resource
   j.   Conducting early detection of abuse of authority                    development policies, covering recruitment,
        through crime/misuse of authority detection                         assessment,       competency       enhancement,
        reports using the Whistle Blowing System                            evaluation, promotion, demotion, termination,
        (WBS) mechanism involving the Board of                              succession, selection, and other related aspects.
        Commissioners, Board of Directors, and Executive                 n. Carrying out other tasks assigned by the Board
        Officers.                                                           of Commissioners related to Nomination duties
   k.   Providing reports on the identification and                         in accordance with applicable regulations and
        monitoring results of the profiles of the Board of                  aligned with Shareholders’ Aspirations.
        Commissioners, Board of Directors, and Executive                 o. The members of the Committee are obliged
        Officers to the President Commissioner.                             to sign integrity pact containing statement
                                                                            and commitment to comply with all statutory
                                                                            provisions and principles of good corporate
                                                                            governance).



Remuneration and Nomination Committee Charter

In carrying out its duties and responsibilities, the Remuneration and Nomination Committee refers to the Guidelines
and Code of Conduct of the Remuneration and Nomination Committee based on the Board of Commissioners Decree
No. 20/KOM/BTN/2024 dated December 18, 2024, concerning the Guidelines and Code of Conduct of the Remuneration
and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk. Remuneration and Nomination Committee
Work Guidelines and Rules aims to allow the Committee to work optimally and to ensure that the provisions
recommendation for the remuneration and nomination of members of the Board of Commissioners, Board of Directors,
Executives, Employees, and Human Capital policy is in accordance with the principles of Good Corporate Governance.


The Content of the Charter of Remuneration and Nomination Committee is as follows:

                 General Provision                                    Article 1     Definition
  Chapter I
                                                                      Article 2     Purpose of Committee Formation

                 Duty, Responsibility, and Authority of the           Article 3     Committee Duties
                 Committee
 Chapter II                                                           Article 4     Responsibilities

                                                                      Article 5     Authority

                 Structure and Membership                             Article 6     Composition and Structure

 Chapter III                                                          Article 7     Membership Requirements

                                                                      Article 8     Term of Office

                 Work Mechanism and Relationship                      Article 9     Work Mechanism

 Chapter IV                                                           Article 10    Working Relationships

                                                                      Article 11    Supporting Staff




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                  Work Plan and Implementation                     Article 12        Work Plan and Budgeting

                                                                   Article 13        Committee Meetings
     Chapter V
                                                                   Article 14        Reporting

                                                                   Article 15        Performance Evaluation

                  Competency and Income Development                Article 16        Competency Development
     Chapter VI
                                                                   Article 17        Committee Member Compensation

 Chapter VII      Closing                                          Article 18        Closing




Authority of The Remuneration and Nomination                       Structure, Membership, and Expertise of The
Committee                                                          Remuneration and Nomination Committee

The Committee holds the following authorities granted              The composition of Remuneration and Nomination
by the Board of Commissioners:                                     Committee should at least have 1 (one) Independent
1. Reviewing, examining, analyzing, and giving opinions            Commissioner, 1 (one) Commissioner, and 1 (one)
    and recommendations within the coverage of their               Executive who supervises human resources or 1 (one)
    duty.                                                          employee representative. The Committee is led by the
2. Requesting the Bank to survey and/or do benchmarking            Independent Commissioner.
    according to the needs of the Committee.
3. Requesting, researching, and obtaining necessary                If the Remuneration and Nomination Committee has
    information from the Bank’s internal and external              more than 3 (three) personnel, there should be at least 2
    parties.                                                       (two) Independent Commissioners. When necessary, the
4. Seeking and obtaining various information including             Remuneration and Nomination Committee may appoint
    necessary documents from: a. Bank BTN (including               independent members from an outside Bank BTN.
    Bank employees); and/or b. Other relevant parties.
5. Being provided with inputs and/or suggestions from              Members of the Remuneration and Nomination
    the Bank BTN’s external parties in relation to their duties.   Committee are appointed by the Board of Directors by
6. Performing direct communication with relevant parties           referring to the decision made in the meeting of the Board
    related the committee’s duties.                                of Commissioners. The Executives or representatives
                                                                   of the Remuneration Committee members must be
Term of Office of The Remuneration and                             knowledgeable about the Bank’s remuneration system,
Nomination Committee                                               nomination system, and succession plan.


1. The term of office of the Committee members who holds           Members of the Committee are appointed and
   concurrent position in the Board of Commissioners               dismissed based on the decision made in the meeting
   shall end accordingly once their position as member             of the Board of Commissioners. The decision has to be
   of the Board of Commissioners ends;                             followed-up by the Board of Directors by issuing letter
2. The term of office of the Committee members who is not          of appointment/ dismissal. The respected decision shall
   a concurrent member of the Board of Commissioners               be documented. The chairman of the Committee can
   is 3 (three) years at the maximum and is extendable             only hold concurrent positions as the chairman of the
   for once within 2 (two) terms of office provided that the       committee for 1 (one) other Committee at the maximum.
   Board of Commissioners is still entitled to dismiss the
   respected Committee members at any time;
3. If a concurrent member of the Board of Commissioners
   holding a position as the chairman of the Committee
   releases his status as a member of the Board of
   Commissioners, the position of the Committee chairman
   must be replaced by another member of the Board of
   Commissioners within 30 (thirty) days at maximum.
4. Replacement of Remuneration and Nomination
   Committee members who are not from the Board of
   Commissioners must be conducted within a maximum
   period of sixty (60) days after the concerned Committee
   member is no longer able to perform their function.



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Table of the Remuneration and Nomination Committee’s Structure, Membership,
and Expertise

                                                                               Term of Office
                                                                                                          Basis of
  Name           Position   Information        Expertise          Period
                                                                                                        Appointment
                                                                            Starting       End

Chandra M.     Chairman     President     Law, Finance, Risk     Second    March 6,      AGM 2029   Board of Commissioners'
Hamzah         concurrently Commissioner/ Management,                      2024                     Decision No. 03/KOM/
               Member       Independent   and People                                                BTN/2024 dated March
                                          Management                                                6, 2024

Iqbal          Member       Vice President Banking,              First     March 10,     AGM 2026   Board of
Latanro                     Commissioner/ Compliance, Risk                 2021                     Commissioners'
                            Independent    Management,                                              Decision No. 03/KOM/
                                           and People                                               BTN/IV/2021 dated April
                                           Management                                               1, 2021

Armand B.      Member       Independent    Banking, Risk         First     March 6,      AGM 2029   Board of
Arief                       Commissioner   Management,                     2024                     Commissioners'
                                           Business                                                 Decision No. 03/KOM/
                                           Management,                                              BTN/2024 dated March
                                           and People                                               6, 2024
                                           Management

Sentot A.      Member       Independent    Banking,              First     March 17,     AGM 2027   Board of Commissioners'
Sentausa                    Commissioner   Compliance, and                 2022                     Decision No. 02/KOM/
                                           Risk Management                                          BTN/2022 dated March
                                                                                                    17, 2022

Adi            Member¹      Independent   Banking, Risk          Second    13 Maret      RUPST      Board of Commissioners'
Sulistyowati                Commissioner² Management,                      2024          Tahun      Decision No. 05/KOM/
                                          and Business                                   2029       BTN/2024 dated March
                                          Management                                                13, 2024

Bambang        Member¹      Independent   Accounting, Audit,     First     March 13,     AGM Year   Board of Commissioners'
Widjanarko                  Commissioner² Sharia Banking,                  2024          2029       Decision No. 05/KOM/
                                          and Business                                              BTN/2024 dated March
                                          Management                                                13, 2024

Andin          Member       Commissioner   Banking,              First     March 6,      AGM Year   Board of Commissioners'
Hadiyanto                                  Compliance, Risk                2024          2029       Decision No. 03/KOM/
                                           Management,                                              BTN/2024 dated March
                                           and Business                                             6, 2024
                                           Administration

Herry          Member       Commissioner   Macroeconomics,       First     March 17,     AGM Year   Board of Commissioners'
Trisaputra                                 Risk Management,                2022          2027       Decision No. 02/KOM/
Zuna                                       and Business                                             BTN/2022 dated March
                                           Administration                                           17, 2022

Himawan        Member       Commissioner   Management            Second    March 17,     AGM Year   Board of Commissioners'
Arief Sugoto                               and Business, Risk              2022          2027       Decision No. 02/KOM/
                                           Management,                                              BTN/2022 dated March
                                           Finance, Agrarian                                        17, 2022
                                           and Spatial
                                           Planning

Mohamad        Member³      Commissioner   Banking,              First     January 11,   March 4,   Board of Commissioners'
Yusuf                                      Macroeconomics,                 2023          2024       Decision No. 04/KOM/
Permana                                    Risk Management,                                         BTN/2023 dated January
                                           and People                                               18, 2023
                                           Managemen

Moch. Amin     Member       Independent    Human Capital,        second    November      November   Board of Directors'
Nurdin                      Party          Finance, and                    7, 2024       6, 2026    Decision No. 1065/
                                           Corporate                                                DIR/2024 dated
                                           Relations                                                November 19, 2024
                                                                                                    on Extension of the
                                                                                                    Term of Office of the
                                                                                                    Remuneration and
                                                                                                    Nomination Committee
                                                                                                    Member of PT Bank
                                                                                                    Tabungan Negara
                                                                                                    (Persero) Tbk.



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                                                                                                    Term of Office
                                                                                                                                   Basis of
    Name             Position       Information             Expertise             Period
                                                                                                                                 Appointment
                                                                                                 Starting         End

 Rahmayati         Anggota          Executive           Human Capital,           first         March 17,       March 16,    Decision of the Board
                   (Ex Officio)     Officer             Finance, and                           2022            2025         of Commissioners
                                    overseeing          Corporate                                                           Number 02/KOM/
                                    Human               Relations                                                           BTN/2022 dated March
                                    Resources                                                                               17, 2022

¹) Appointed as a member of the Remuneration and Nomination Committee on March 13, 2024
²) Effective based on the Fit and ProperTest Decision by the Financial Services Authority on October 7, 2024
³) Term of office ends on March 4, 2024




PROFILE OF THE REMUNERATION AND NOMINATION
                                                                                              Adi          The profile can be found in the Board of
COMMITTEE                                                                                                  Commissioners' Profile section.
                                                                                         Sulistyowati
                                                                                     Member of the         Her tenure as a member of the
The profile of the Remuneration and Nomination                                       Remuneration          Remuneration       and      Nomination
Committee as of December 31, 2024 is as follows.. .                                 and Nomination         Committee runs from March 13, 2024, to
                                                                                       Committee/          the 2029 AGMS (First Term).
                                                                                      Independent
                                                                                     Commissioner
   Chandra M.            The profile can be found in the Board of
    Hamzah               Commissioners' Profile section.
 Chairman of the         His tenure as Chairman and concurrent                           Bambang           The profile can be found in the Board of
  Remuneration           member of the Remuneration and                                  Widjanarko        Commissioners' Profile section.
 and Nomination          Nomination Committee runs from                              Member of the         His tenure as a member of the
    Committee/           November 27, 2019, to the 2024 AGMS                         Remuneration          Remuneration       and      Nomination
     President           (First Term) and from March 6, 2024, to                    and Nomination         Committee runs from March 13, 2024, to
 Commissioner/           the 2029 AGMS (Second Term).                                  Committee/          the 2029 AGMS (First Term).
   Independent                                                                        Independent
                                                                                     Commissioner

  Iqbal Latanro          The profile can be found in the Board of
                         Commissioners' Profile section.                                                   The profile can be found in the Board of
  Member of the
                         His tenure as a member of the
                                                                                           Andin           Commissioners' Profile section.
  Remuneration
 and Nomination          Remuneration      and        Nomination                         Hadiyanto
                                                                                                           His tenure as a member of the
    Committee/           Committee runs from March 10, 2021, to                      Member of the         Remuneration        and      Nomination
  Vice President         November 26, 2026 (First Term).                             Remuneration          Committee runs from November 27, 2019,
 Commissioner/                                                                      and Nomination
                                                                                                           to the 2024 AGMS (First Term) and from
   Independent                                                                        Committee/
                                                                                                           March 6, 2024, to the 2029 AGMS (Second
                                                                                     Commissioner
                                                                                                           Term).

    Armand B.            The profile can be found in the Board of
      Arief              Commissioners' Profile section.
                                                                                            Herry          The profile can be found in the Board of
  Member of the          His tenure as a member of the                                                     Commissioners' Profile section.
                                                                                         Trisaputra
  Remuneration           Remuneration        and      Nomination
                                                                                            Zuna           His tenure as a member of the
 and Nomination          Committee runs from November 27, 2019,
                                                                                    Anggota Komite         Remuneration       and      Nomination
    Committee/           to the 2024 AGMS (First Term) and from
                                                                                      Remunerasi           Committee runs from March 2, 2022, to
   Independent           March 6, 2024, to the 2029 AGMS (Second
                                                                                    dan Nominasi/          the 2027 AGMS (First Term).
  Commissioner           Term).
                                                                                       Komisaris


     Sentot A.           The profile can be found in the Board of
     Sentausa            Commissioners' Profile section.                            Himawan Arief The profile can be found in the Board of
                                                                                       Sugoto     Commissioners' Profile section.
  Member of the          His tenure as a member of the
  Remuneration           Remuneration          and   Nomination                     Anggota Komite         His tenure as a member of the
 and Nomination          Committee runs from March 2, 2022, to                        Remunerasi           Remuneration       and      Nomination
    Committee/           March 1, 2027 (First Term).                                dan Nominasi/          Committee runs from March 2, 2022, to
   Independent                                                                         Komisaris           the 2027 AGMS (First Term).
  Commissioner




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                                                 Educational background
                                                 • Bachelor’s Degree (S1) in Business Administration, Diponegoro University, Semarang
                                                   (1997).
                                                 • Master’s Degree (S2) in Marketing, PPM Graduate School of Management, Jakarta
                                                   (2006).
                                                 • Master’s Degree (S2) in Human Resource Management, Mercu Buana University,
                                                   Jakarta (2019)

                                                 Work experience
                                                 • Head of Bank Training Division, Indonesian Banking Development Institute (LPPI),
                                                   2022 – January 16, 2025
                                                 • Head of LPK LPPI, Indonesian Banking Development Institute, 2020
                                                 • Head of Marketing and Training Division 1, LPPI, 2020
                                                 • Senior Faculty, LPPI, Indonesian Banking Development Institute, 2018
                                                 • Jakarta Area Head, Bank CIMB Niaga, 2008

                                                 Certification
                                                 •   Banking Risk Management Certification in accordance with KKNI Level 5
Moch. Amin Nurdin                                •   Certified Audit Committee Practices, 2023
                                                 •   Certified Human Resources Analyst, 2018
Member of the Remuneration                       •   Certified Trainer for General Banking Level 1,2,3, 2014
and Nomination Committee/
Independent Party                                Basis of Appointment
                                                 • Board of Directors’ Decision No. 1003/DIR/2021 dated November 8, 2021, on the
Indonesia citizen,                                 Appointment of Mr. Moch. Amin Nurdin as a Member of the Remuneration and
Tegal, November 1, 1973                            Nomination Committee
51 years old as of December 2024,                • Board of Directors’ Decision No. 1065/DIR/2024 dated November 19, 2024, on the
Domiciles Bekasi, West Java.                       Extension of the Term of Office of the Remuneration and Nomination Committee
                                                   Member of PT Bank Tabungan Negara (Persero) Tbk

                                                 Period of Office
                                                 • First Term: November 7, 2021 – November 6, 2024
                                                 • Second Term: November 7, 2024 – November 6, 2026

                                                 Concurrent Position
                                                 Division Head of Bank Training , Indonesian Banking Development Institute, (2022 to
                                                 January 16, 2025)




                                                 Educational background
                                                 • Bachelor’s Degree (S1) Civil Engineering, Hasanuddin University
                                                 • Master’s Degree (S2) in Busines management, The Australian National

                                                 Work experience
                                                 • Human Capital Management Division Head, Human Capital Management −
                                                   Human Capital Management Division Head, Human Capital Management
                                                   Division (October 1, 2022 – present)
                                                 • Acting Human Capital Management Division Head, Human Capital Management
                                                   Division (February 14, 2022 – September 30, 2022)
                                                 • Sharia Funding & Treasury Deputy, Sharia Business Division (December 1, 2021 –
                                                   February 13, 2022)
                                                 • Sharia Business Deputy, Sharia Business Division (April 1, 2021 – November 30,
                                                   2021)

                                                 Certification
                                                 •   Certified Human Resources Manager (2023)
                                                 •   Refresher for Risk Management Certification Level 3 (2022)
Rahmayati                                        •   Basic Knowledge Certification in Pension Fund (2022)
Anggota Komite Remunerasi dan                    •   PSAK 24 Training (2022)
Nominasi (Ex-Officio)                            •   Treasury Level Basic Certification (2021))
                                                 •   Treasury Level Basic Certification (2021)
Indonesia citizen,                               •   4DX : Managers Implementation (2020)
Ujung Pandang, July 13, 1973                     •   Certified Professional Human Resource (2019)
51 Years old as of December 2024,
domiciled East Jakarta, DKI Jakarta.             Basis of Appointment
                                                 Board of Commissioners’ Decision No. 02/KOM/BTN/2022 dated March 17, 2022

                                                 Period of Office
                                                 First Term: March 17, 2022 – March 16, 2025.

                                                 Concurrent Position
                                                 Human Capital Management Division Head, Human Capital Management Division
                                                 (October 1, 2022 – present)


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Independency of The Remuneration and Nomination Committee


Table of Independence of the Remuneration and Nomination Committee

                    Chandra                                                                Herry   Himawan Mohamad Moch.
   Aspect of                 Iqbal Armand Sentot A.        Adi     Bambang      Andin                                       Rahma
                      M.                                                                Trisaputra   Arief   Yusuf  Amin
Independency                Latanro B. Arief Sentausa Sulistyowati Widjanarko Hadiyanto                                      yati
                    Hamzah                                                                 Zuna     Sugoto Permana Nurdin


Not having
financial
association
with the
Board of
Commissioners
and Directors

Not having
management
association in
the company,
subsidiary
company,
or affiliated
company

Not having
association
of share
ownership
more than or
equal to 5%
(fivepercent) in
the Company

Not having
familial
relationship with
the Board of
Commissioners,
Directors,
and/or fellow
members of the
Risk Monitoring
Committee

Not serving as
administrators
of political
parties, public
officials and
government




                                                                                PT Bank Tabungan Negara (Persero) Tbk   613
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                                                   Governance




Training and/or Competency Development of The Remuneration and Nomination Committee In 2024


                                      Types of Training and Development              Time and place
   Name               Position                                                                                     Organizer
                                       Materials Competency / Training              Implementation

Chandra M.      Chairman and          Education and/or Competence Enhancement are reflected in the Education and/or
Hamzah          concurrent member     Competence Enhancement section of the Board of Commissioners.

Iqbal Latanro   Member                Education and/or Competence Enhancement are reflected in the Education and/or
                                      Competence Enhancement section of the Board of Commissioners.

Armand B.       Member                Education and/or Competence Enhancement are reflected in the Education and/or
Arief                                 Competence Enhancement section of the Board of Commissioners.

Sentot A.       Member                Education and/or Competence Enhancement are reflected in the Education and/or
Sentausa                              Competence Enhancement section of the Board of Commissioners.

Adi             Member                Education and/or Competence Enhancement are reflected in the Education and/or
Sulistyowati                          Competence Enhancement section of the Board of Commissioners.

Bambang         Member                Education and/or Competence Enhancement are reflected in the Education and/or
Widjanarko                            Competence Enhancement section of the Board of Commissioners.

Andin           Member                Education and/or Competence Enhancement are reflected in the Education and/or
Hadiyanto                             Competence Enhancement section of the Board of Commissioners.

Herry           Member                Education and/or Competence Enhancement are reflected in the Education and/or
Trisaputra                            Competence Enhancement section of the Board of Commissioners.
Zuna

Himawan         Member                Education and/or Competence Enhancement are reflected in the Education and/or
Arief Sugoto                          Competence Enhancement section of the Board of Commissioners.

Mohamad         Member                Education and/or Competence Enhancement are reflected in the Education and/or
Yusuf                                 Competence Enhancement section of the Board of Commissioners.
Permana1

Moch. Amin      Member                Executive Risk Management Program -           January 27, 2024, in    LPPI
Nurdin                                Level 4                                       Bogor

                                      Risk Management Certification Level 4         March 19, 2024, in      LSPP
                                                                                    Jakarta

                                      Bank Staff and Leadership School              April 22, 2024 – June   LPPI
                                      (SESPIBANK) Batch 78                          12, 2024, in Jakarta

                                      Risk Management Certification Level 5         May 13, 2024, in        LSPP
                                                                                    Jakarta

                                      The Strategic Role of the Audit Committee     August 1, 2024, via     IKAI
                                      in Creating a Secure Cyber Environment        Virtual Classroom

                                      Expansive Leadership Program                  September 5 – 6,        Mediatama Sinergi
                                                                                    2024, in Bali           Emas

                                      Boardroom Bound : Accelerating Growth         October 25, 2024, in    LPPI
                                      to Embrace The Future BTN                     Batam

Rahmayati       (Ex Officio) Member   Compliance Excellence Edition January         January 9, 2024, in     BTN
                                      2024 - Special Policies & Technical           Jakarta
                                      Guidelines for Accounting Activities

                                      CHRO Masterclass – “Innovation                January 18, 2024, in    BUMN School of
                                      Workplace: Work Less Produce More”            Jakarta                 Exellence (BSE)

                                      KBUMN Competency Deepening Program            January 27, 2024, in    Transforma
                                      for BOD-1                                     Jakarta

                                      Compliance Excellence February 2024           February 13, 2024, in   BTN
                                      Edition - Security & Digital Risk Awareness   Jakarta




614     PT Bank Tabungan Negara (Persero) Tbk
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                                                                                              2024
                                                                                      Annual Report




                  Types of Training and Development                Time and place
Name   Position                                                                                   Organizer
                   Materials Competency / Training                Implementation

                  Expert Talk Session Vice Minister of Foreign   February 21, 2024, in      BTN
                  Affairs Mr. Pahala Mansury “Crafting           Jakarta
                  Executive Savvy in Global Business
                  Mindset”

                  Understanding Internal Regulations - BTN       February 21, 2024, in      BTN
                  Internal Regulation Architecture               Jakarta

                  Compliance Excellence March 2024               March 7, 2024, in          BTN
                  Edition - Gratification Control Program        Jakarta
                  and SMAP ISO 37001:2016 Policy
                  (Managerial)

                  Internalization of IT Regulation Policy        March 19, 2024, in         BTN
                                                                 Jakarta

                  Internalization of Respectful Workplace        March 26, 2024, in         BTN
                  (RWP) 2024                                     Jakarta

                  Internalization of SLE Index Achievement       April 1, 2024, in          BTN
                  2024                                           Jakarta

                  Compliance Excellence April 2024 Edition -     April 17, 2024, in         BTN
                  Government VA Services (Managerial)            Jakarta

                  Internalisasi Layanan BTN Cash                 April 22, 2024, in         BTN
                  Management                                     Jakarta

                  Internalization of Legal Clinic Podcast        April 23, 2024, in         BTN
                  2024                                           Jakarta

                  BTN Leadership Forum 2 - 2024                  May 2 – 4, 2024, in        McKinsey & PwC
                                                                 Bali

                  Compliance Excellence May 2024 Edition         May 6, 2024, in            BTN
                  - Foreign Exchange Transaction BranchFX        Jakarta
                  at Branch Offices (Managerial)

                  ASEAN Global Leadership Program - LSE          May 11 – 18, 2024, in      SRW&Co - IESE
                  London                                         Barcelona, Spain

                  Internalization of New Grading System          May 13, 2024, in           BTN
                  Bank BTN                                       Jakarta

                  Internalization of Commercial Credit           May 20, 2024, in           BTN
                  Rescue and Settlement                          Jakarta

                  CHRO Masterclass - Women Leadership in         May 22, 2024, in           BTN
                  the New World of Work                          Jakarta

                  Internalization of ESG (Environtmental,        May 27, 2024, in           BTN
                  Social & Governance) Awareness                 Jakarta

                  Compliance Excellence June 2024 Edition        June 6, 2024, in           BTN
                  - Prohibition of Gambling Activities           Jakarta
                  (Managerial)

                  Internalization of Transformation 2024         June 11, 2024, in          BTN
                                                                 Jakarta

                  Internalization of Customer Data               June 19, 2024, in          BTN
                  Management (CIF)                               Jakarta

                  Compliance Excellence July 2024 Edition        July 4, 2024, in           BTN
                  - Special Policy on Conflict of Interest       Jakarta
                  Guidelines (Managerial)

                  Socialization of Umbrella Campaign Bale        July 17, 2024, in          BTN
                  by BTN                                         Jakarta

                  Internalization of Corporate Loan Process      July 22, 2024, in          BTN
                                                                 Jakarta




                                                            PT Bank Tabungan Negara (Persero) Tbk           615
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                                                                Corporate
                                                                Governance




                                                 Types of Training and Development               Time and place
     Name                  Position                                                                                         Organizer
                                                  Materials Competency / Training               Implementation

                                                Internalization of Sahabat Transformation      August 1, 2024 in      BTN
                                                Episode 2                                      Jakarta

                                                Internalization of IT, Digital & Cyber Risk    August 3, 2024 in      BTN
                                                Management 2024                                Jakarta

                                                Internalization of Public Information          August 4, 2024 in      BTN
                                                Disclosure (KIP)                               Jakarta

                                                Compliance Excellence August 2024              August 4, 2024 in      BTN
                                                Edition - Implementation Procedures of         Jakarta
                                                Anti-Money Laundering, Prevention of
                                                Terrorism Financing, and Prevention of
                                                Mass Destruction Weapons Financing
                                                (Managerial)

                                                CHRO Masterclass – “Future Strategic           August 5, 2024 in      BUMN School of
                                                Workforce Planning for Sustainability”         Jakarta                Excellence (BSE)

                                                Compliance Excellence September                September 2, 2024 in   BTN
                                                2024 Edition - Data Privacy Awareness          Jakarta
                                                (Managerial)

                                                Compliance Excellence October 2024             September 7, 2024 in   BTN
                                                Edition - Bancassurance Product                Jakarta
                                                Marketing (Managerial)

                                                Refreshment BTN Property 2024                  October 14, 2024 in    BTN
                                                                                               Jakarta

                                                Socialization of Digital Risk Awareness &      October 17, 2024 in    BTN
                                                Cyber Trend                                    Jakarta

                                                Socialization of Easy Program in BTN Smart     October 27, 2024 in    BTN
                                                Residence                                      Jakarta

                                                BSE Masterclass - Unlocking Opportunity        November 14, 2024 in   BUMN School of
                                                for Indonesia Economy Growth 2025              Jakarta                Excellence (BSE)

¹) Term of office ended on March 4, 2024, as confirmed in the AGMS on March 6, 2024




The Remuneration and Nomination Committee’s                                    decision of the Committee meeting is made based on
Meeting                                                                        deliberation and consensus. When consensus is not
                                                                               reached, decision-making is done under one man one
Meeting is conducted by at least fulfilling the minimum                        vote principle.
requirement from the Board of Commissioners stipulated
in the Company’s Articles of Association. The meeting                          The Committee meeting result shall be documented in
quorum is attended by minimum of 51% (fifty-one                                the Minutes of Meeting signed by all Committee members
percent) of the Committee members either physically or                         present, welldocumented, and submitted to the Board of
proxied by other means. The meeting of the Remuneration                        Commissioners. The Minutes contain information about
and Nomination Committee is considered legitimate                              time and place of the meeting, meeting agenda, topic
if attended by at least 51% (fifty-one percent) of total                       of discussion, dissension (if any), and meeting decision.
Committee members including 1 (one) Independent                                Dissenting opinion taking place during the meeting
Commissioner and 1 (one) Independent Party.                                    must be clearly recorded in the minute along with the
                                                                               underlying reasons.
If members of the Board of Commissioners are unable to
physically attend the meeting, they may attend through                         The Committee is allowed to conduct special meeting
the power of attorney, teleconferences, and other methods                      if necessary. The Committee’s meeting may invite the
in accordance with the legal procedure and constitution.                       management or other parties as resource person.
                                                                               Meeting is held by invitation and with preceding approved
Meeting is chaired by the Chairman of the Committee                            agenda, and the meeting outcome has to be recorded in
or a member appointed by the attending members
if the Chairman of the Committee is not present. The



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                                                                                                        Annual Report




the Minutes of Meeting. The original document shall be           The decision made in the meeting is declared legitimate
owned by the Committee, and the carbon copy is sent              and binding if attended by at least 51% (fifty-one
to the Secretary of the Board of Commissioners, and if           percent) of the total Committee members including
necessary, can be shared to the absent participants.             the Independent Commissioner and Executives who
                                                                 supervise human resources.




THE REMUNERATION AND NOMINATION COMMITTEE’S MEETING AGENDA


Throughout 2024, the meeting dates, agenda, and participants of the Remuneration and Nomination Committee
meetings are as follows.


Table of Remuneration and Nomination Committee Meeting Agenda

 No.     Meeting Date                   Meeting Agenda                          Meeting Participants             Description

  1.   January 17, 2024    Proposal for Senior Executive Vice President     • Chandra M. Hamzah             Nomination
                           (SEVP) Digital Business Candidates               • Iqbal Latanro
                                                                            • Armand B. Arief
                                                                            • Sentot A. Sentausa
                                                                            • Andin Hadiyanto
                                                                            • Herry Trisaputra Zuna
                                                                            • Himawan Arief Sugoto
                                                                            • Mohamad Yusuf
                                                                              Permana
                                                                            • Moch. Amin Nurdin
                                                                            • Rahmayati

  2.   February 21, 2024   1. Proposal for 2024 Remuneration of the Board   • Chandra M. Hamzah             Remuneration and
                              of Directors and Board of Commissioners and   • Iqbal Latanro                 Nomination
                              Tantiem for the 2023 Fiscal Year of PT Bank   • Armand B. Arief
                              Tabungan Negara (Persero) Tbk;                • Sentot A. Sentausa
                           2. Proposal for Nominated Talent BoD-1 PT Bank   • Andin Hadiyanto
                              Tabungan Negara (Persero) Tbk; and            • Herry Trisaputra Zuna
                           3. Evaluation of Existing Nominated Talent BoD   • Himawan Arief Sugoto
                              PT Bank Tabungan Negara (Persero) Tbk.        • Mohamad Yusuf
                                                                              Permana
                                                                            • Moch. Amin Nurdin
                                                                            • Rahmayati

  3.   March 06, 2024      1. Composition of the Remuneration and           •   Chandra M. Hamzah           Remuneration and
                              Nomination Committee;                         •   Iqbal Latanro               Nomination
                           2. Performance Evaluation of Supporting          •   Armand B. Arief
                              Committees of the Board of Commissioners;     •   Sentot A. Sentausa
                              and                                           •   Andin Hadiyanto
                           3. Recommendation         for     Corporate      •   Herry Trisaputra Zuna
                              Management Candidates                         •   Himawan Arief Sugoto
                                                                            •   Moch. Amin Nurdin
                                                                            •   Rahmayati

  4.   March 13, 2024      Composition of Supporting Committees of the      •   Chandra M. Hamzah           Nomination
                           Board of Commissioners                           •   Iqbal Latanro
                                                                            •   Armand B. Arief
                                                                            •   Sentot A. Sentausa
                                                                            •   Andin Hadiyanto
                                                                            •   Herry Trisaputra Zuna
                                                                            •   Himawan Arief Sugoto
                                                                            •   Moch. Amin Nurdin
                                                                            •   Rahmayati




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No.     Meeting Date                   Meeting Agenda                          Meeting Participants          Description

 5.   March 20, 2024      Changes in the Organizational Structure of       •   Chandra M. Hamzah          Nomination
                          the Head Office of PT Bank Tabungan Negara       •   Iqbal Latanro
                          (Persero) Tbk                                    •   Armand B. Arief
                                                                           •   Sentot A. Sentausa
                                                                           •   Adi Sulistyowati sebagai
                                                                               pengamat
                                                                           •   Bambang Widjanarko
                                                                               sebagai pengamat
                                                                           •   Andin Hadiyanto
                                                                           •   Herry Trisaputra Zuna
                                                                           •   Himawan Arief Sugoto
                                                                           •   Moch. Amin Nurdin
                                                                           •   Rahmayati

 6.   April 03, 2024      1. Update on the Recruitment Process for Audit   •   Chandra M. Hamzah          Remuneration and
                             Committee Members; and                        •   Iqbal Latanro              Nomination
                          2. Update on the Progress of Adjusting the       •   Armand B. Arief
                             Provisions for Income & Travel Facilities     •   Sentot A. Sentausa
                             for the Board of Directors, Board of          •   Adi Sulistyowati sebagai
                             Commissioners, and SEVP                           pengamat
                                                                           •   Bambang Widjanarko
                                                                               sebagai pengamat
                                                                           •   Andin Hadiyanto
                                                                           •   Herry Trisaputra Zuna
                                                                           •   Himawan Arief Sugoto
                                                                           •   Moch. Amin Nurdin
                                                                           •   Rahmayati

 7.   April 05, 2024      Determination of the 2024 Income for the Board   •   Chandra M. Hamzah          Remuneration
                          of Directors and Board of Commissioners          •   Iqbal Latanro
                                                                           •   Armand B. Arief
                                                                           •   Sentot A. Sentausa
                                                                           •   Adi Sulistyowati sebagai
                                                                               pengamat
                                                                           •   Bambang Widjanarko
                                                                               sebagai pengamat
                                                                           •   Andin Hadiyanto
                                                                           •   Herry Trisaputra Zuna
                                                                           •   Himawan Arief Sugoto
                                                                           •   Moch. Amin Nurdin
                                                                           •   Rahmayati

 8.   May 29, 2024        Termination of the Assignment of the Board of    •   Chandra M. Hamzah          Nomination
                          Commissioners’ Secretariat Staff                 •   Iqbal Latanro
                                                                           •   Armand B. Arief
                                                                           •   Sentot A. Sentausa
                                                                           •   Adi Sulistyowati sebagai
                                                                               pengamat
                                                                           •   Bambang Widjanarko
                                                                               sebagai pengamat
                                                                           •   Andin Hadiyanto
                                                                           •   Herry Trisaputra Zuna
                                                                           •   Himawan Arief Sugoto
                                                                           •   Moch. Amin Nurdin
                                                                           •   Rahmayati

 9.   July 31, 2024       Update on the Administrative Selection Results   •   Chandra M. Hamzah          Nomination
                          of Audit Committee Candidates                    •   Iqbal Latanro
                                                                           •   Armand B. Arief
                                                                           •   Sentot A. Sentausa
                                                                           •   Adi Sulistyowati sebagai
                                                                               pengamat
                                                                           •   Bambang Widjanarko
                                                                               sebagai pengamat
                                                                           •   Andin Hadiyanto
                                                                           •   Herry Trisaputra Zuna
                                                                           •   Himawan Arief Sugoto
                                                                           •   Moch. Amin Nurdin
                                                                           •   Rahmayati




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No.     Meeting Date                    Meeting Agenda                            Meeting Participants             Description

10.   August 21, 2024     Interview Results      of   Audit   Committee       •   Chandra M. Hamzah           Nomination
                          Candidates                                          •   Iqbal Latanro
                                                                              •   Armand B. Arief
                                                                              •   Sentot A. Sentausa
                                                                              •   Adi Sulistyowati sebagai
                                                                                  pengamat
                                                                              •   Bambang Widjanarko
                                                                                  sebagai pengamat
                                                                              •   Andin Hadiyanto
                                                                              •   Herry Trisaputra Zuna
                                                                              •   Himawan Arief Sugoto
                                                                              •   Moch. Amin Nurdin
                                                                              •   Rahmayati

11.   September 4, 2024   1. Selection Results of Audit Committee             •   Chandra M. Hamzah           Remuneration and
                             Candidates;                                      •   Iqbal Latanro               Nomination
                          2. Proposal for the 2024 Key Performance            •   Armand B. Arief
                             Indicators (KPI) for the Sharia Supervisory      •   Sentot A. Sentausa
                             Board; and                                       •   Adi Sulistyowati sebagai
                          3. Proposal for the 2024 Remuneration of the            pengamat
                             Sharia Supervisory Board                         •   Bambang Widjanarko
                                                                                  sebagai pengamat
                                                                              •   Andin Hadiyanto
                                                                              •   Herry Trisaputra Zuna
                                                                              •   Himawan Arief Sugoto
                                                                              •   Moch. Amin Nurdin
                                                                              •   Rahmayati

12.   October 16, 2024    Composition of Supporting Committees of the         •   Chandra M. Hamzah           Nomination
                          Board of Commissioners                              •   Iqbal Latanro
                                                                              •   Armand B. Arief
                                                                              •   Sentot A. Sentausa
                                                                              •   Adi Sulistyowati
                                                                              •   Bambang Widjanarko
                                                                              •   Andin Hadiyanto
                                                                              •   Herry Trisaputra Zuna
                                                                              •   Himawan Arief Sugoto
                                                                              •   Moch. Amin Nurdin
                                                                              •   Rahmayati

13.   October 30, 2024    1. Determination of the 2024 Collegial KPI for      •   Chandra M. Hamzah           Nomination
                             the Board of Directors; and                      •   Iqbal Latanro
                          2. Appointment of the Board of Commissioners’       •   Armand B. Arief
                             Secretariat Staff                                •   Sentot A. Sentausa
                                                                              •   Adi Sulistyowati
                                                                              •   Bambang Widjanarko
                                                                              •   Andin Hadiyanto
                                                                              •   Herry Trisaputra Zuna
                                                                              •   Himawan Arief Sugoto
                                                                              •   Moch. Amin Nurdin
                                                                              •   Rahmayati

14.   November 13, 2024   1. 2025 Collegial KPI for the Board of Directors;   •   Chandra M. Hamzah           Remuneration and
                          2. 2025 Collegial KPI for the Board of              •   Iqbal Latanro               Nomination
                             Commissioners;                                   •   Armand B. Arief
                          3. Tantiem Budget in the 2025 Corporate             •   Sentot A. Sentausa
                             Budget and Work Plan (RKAP);                     •   Adi Sulistyowati
                          4. Extension    of    the    SEVP    Operations     •   Bambang Widjanarko
                             Employment Contract; and                         •   Andin Hadiyanto
                          5. Evaluation of the Supporting Committees of       •   Herry Trisaputra Zuna
                             the Board of Commissioner                        •   Himawan Arief Sugoto
                                                                              •   Moch. Amin Nurdin
                                                                              •   Rahmayati




                                                                                  PT Bank Tabungan Negara (Persero) Tbk      619
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                                                                Governance




 No.       Meeting Date                           Meeting Agenda                              Meeting Participants         Description

  15.   November 29, 2024         Discussion on the Tantiem Budget for the Board          •   Chandra M. Hamzah         Remuneration
                                  of Directors and Board of Commissioners of PT           •   Iqbal Latanro
                                  Bank Tabungan Negara (Persero) Tbk in the               •   Armand B. Arief
                                  2025 Corporate Budget and Work Plan (RKAP)              •   Sentot A. Sentausa
                                                                                          •   Adi Sulistyowati
                                                                                          •   Bambang Widjanarko
                                                                                          •   Andin Hadiyanto
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Moch. Amin Nurdin
                                                                                          •   Rahmayati

  16.   December 11, 2024         Discussion on the Proposed Nominated Talent             •   Chandra M. Hamzah         Nomination
                                  BoD-1 of PT Bank Tabungan Negara (Persero)              •   Armand B. Arief
                                  Tbk                                                     •   Sentot A. Sentausa
                                                                                          •   Adi Sulistyowati
                                                                                          •   Bambang Widjanarko
                                                                                          •   Andin Hadiyanto
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Moch. Amin Nurdin

  17.   December 18, 2024         1. Follow-up Discussion on the Proposed                 •   Chandra M. Hamzah         Remuneration and
                                     Nominated Talent BoD-1 of PT Bank                    •   Iqbal Latanro             Nomination
                                     Tabungan Negara (Persero) Tbk;                       •   Armand B. Arief
                                  2. Work Plan of the Board of Commissioners for          •   Sentot A. Sentausa
                                     2025;                                                •   Adi Sulistyowati
                                  3. Work Plan of the Remuneration and                    •   Bambang Widjanarko
                                     Nomination Committee for 2025;                       •   Andin Hadiyanto
                                  4. Guidelines and Rules of Procedure for the            •   Herry Trisaputra Zuna
                                     Board of Commissioners for 2024; and                 •   Himawan Arief Sugoto
                                  5. Guidelines and Rules of Procedure for the            •   Moch. Amin Nurdin
                                     Remuneration and Nomination Committee
                                     for 2024


FREQUENCY AND ATTENDANCE LEVEL OF REMUNERATION AND NOMINATION COMMITTEE MEETINGS

Meeting Frequency and Attendance Level of The Remuneration and Nomination Committee

                                                                             Meeting of Remuneration and Nomination Committee

 No.                Name                             Position                         Total and Percentage of Attendance

                                                                                Total Meeting        Total Attendance       Persentase

   1.   Chandra M. Hamzah                  Chairman concurrently                     17                       17               100,00%
                                           Member

  2.    Iqbal Latanro                      Member                                    17                      16                 94,12%

  3.    Armand B. Arief                    Member                                    17                       17               100,00%

  4.    Sentot A. Sentausa                 Member                                    17                       17               100,00%

  5.    Adi Sulistyowati                   Member                                     6                       6                100,00%

  6.    Bambang Widjanarko                 Member                                     6                       6                100,00%

   7.   Andin Hadiyanto                    Member                                    17                       17               100,00%

  8.    Herry Trisaputra Zuna              Member                                    17                       17               100,00%

  9.    Himawan Arief Sugoto               Member                                    17                       17               100,00%

  10.   Mohamad Yusuf Permana              Member1                                    2                       2                100,00%

  11.   Moch. Amin Nurdin                  Member                                    17                       17               100,00%

  12.   Rahmayati                          Member                                    17                      15                88,24%

¹) Term of office ends on March 4, 2024 as confirmed at the GMS on March 6, 2024.




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Work Plan and The Implementation of Duties of The Remuneration and Nomiination Committee In 2024


 No.                                                 Work Plan                                                Implementation

  1.    Monitoring and Evaluating the Realization of the Board of Commissioners' Budget                        Implemented

  2.    Reviewing the Bank Business Plan (RBB), Corporate Work Plan and Budget (RKAP), Sustainable Finance     Implemented
        Action Plan, and Self-Assessment on Bank-Related GCG

  3.    Recommendations and Assessment of Candidates for Members of the Board of Commissioners and             Implemented
        Board of Directors in relation to the Company's GMS

  4.    Validation of Proposed Selected Talent BOD-1 BTN                                                       Implemented

  5.    Preparing the Board of Commissioners' Supervision Report on Human Resources                            Implemented

  6.    Organizing Meetings of the Remuneration and Nomination Committee                                       Implemented

  7.    Determining remuneration, tantiem, and other incentives for the Board of Commissioners, Board of       Implemented
        Directors, and Sharia Supervisory Board

  8.    Recommendation of Candidates for Head of Internal Audit Unit, Corporate Secretary, and Supporting      Implemented
        Organs of the Board of Commissioners

  9.    Evaluation of Internal Policies Related to Human Resources                                             Implemented

  10.   Reviewing the Collegial and Individual Key Performance Indicators of the Board of Commissioners and    Implemented
        Board of Directors

  11.   Preparing the Board of Commissioners' Work Program                                                     Implemented

  12.   Preparing the Work Program of the Remuneration and Nomination Committee                                Implemented

  13.   Preparing the Realization Report of the Remuneration and Nomination Committee's Work Program           Implemented

  14.   Attending competency development programs (training, seminars, workshops, certifications, etc.) and    Implemented
        carrying out additional tasks assigned by the Committee Chairman and/or Board of Commissioners

  15.   Communicating with the Human Resources Unit                                                            Implemented



Policy on the Succession Plan of The Board                              Human Resources & Information Technology (SDMTI)
of Directors                                                            KBUMN which will then become Eligible Talent
                                                                     5. Qualified Talent
In assisting the implementation of the duties of the                    Eligible Talent will undergo an Assessment at the
Board of Commissioners regarding the succession of the                  Assessment Center appointed by the Ministry of
President Director and other members of the Board of                    BUMN and then become Qualified Talent.
Directors in accordance with the Minister of State-Owned
Enterprises Regulation No. 3 of 2023 concerning Organs               The sources of Selected Talent and Nominated Talent
and Human Resources of State-Owned Enterprises, the                  from SOE are BOD-1 from SOE or SOE Subsidiaries which
Remuneration and Nomination Committee implements                     contribute significantly and have strategic value or
the mechanism for the process of submitting nominated                BOD-1 from SOE or SOE Subsidiaries which is applied the
talent as candidates for BUMN Directors, namely:                     same as SOE in accordance with the Law.
1. Selected Talent
    Determination of Selected Talent BoD-1 is carried out            In preparing candidates or successors for the Company’s
    through Directors’ Meetings at each BUMN.                        Directors, various Company talent developments are
2. Nominated Talent                                                  carried out, especially BOD-1, BOD-2 and Women Talent
    Review and Determination of BoD-1 Nominated Talent               and Millennial Talent to increase Readiness Level and
    by the respective BUMN Board of Commissioners                    prepare them to become Nominated Talent, including
    through the Remuneration and Nomination Committee.               through programs:
3. Nominated Talent Cluster                                          1. Expert Talk Session
    Nominated Talent will be validated and calibrated by             2. Project Assignment
    the Cluster Talent Committee (CTC) to become Eligible            3. Cross mentoring
    Talent.                                                          4. Roundtable Mentorship
4. Eligible Talent                                                   5. SESPIBANK
    The Nominated Talent Cluster will undergo background             6. Asesmen Orientation Day
    checking by the Ministry of SOEs through the Deputy for


                                                                               PT Bank Tabungan Negara (Persero) Tbk    621
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                                                 Corporate
                                                 Governance




Meanwhile, in the process of searching for BOD-1 Talent       5. Decree of the Deputy for Finance and Risk Management
from external sources in 2023, where they will also be           of the Ministry of State-Owned Enterprises No. SK-3/
prepared to become candidates for the Company’s                  DKU. MBU/05/2023 concerning Technical Instructions
Directors (BOD) through a mechanism for developing               for the Composition and Qualifications of Risk
and proposing nominated talents, the Company uses                Management Organs within State-Owned Enterprises.
the services of a professional search company/ head           6. Company’s Articles of Association.
hunter, namely PT Daya Dimensi Indonesia (DDI).
                                                              Duties and Responsibilities of the Risk Monitoring
Risk Monitoring Committee                                     Committee

The Risk Monitoring Committee is a Supporting                 Referring to the Risk Monitoring Committee Charter,
Organ formed by and responsible to the Board of               duties and responsibilities of Risk Monitoring Committee
Commissioners whose task is to assist the Board of            are as follows:
Commissioners in evaluating the suitability of the            1. Evaluating the alignment between the company’s
Risk Management Policy with the implementation of                 risk management policy and its implementation;
that policy and monitoring as well as evaluating the          2. Monitoring and evaluating the duty accomplishment
implementation of the duties of the Risk Management               of the Risk Management Committee and working
Committee and the Risk Management Work Unit.                      unit of risk management;
                                                              3. Gathering and assessing information, clarifications,
The purpose of establishing the Committee is to                   documents, and/or reports related to the
assist and support the implementation of the duties               implementation of risk management;
and responsibilities of the Board of Commissioners            4. Monitoring the adequacy of identification process,
in ensuring the implementation of supervision and                 measurement, monitoring, control, and information
providing advice to the Board of Directors as well                system of risk management;
as compliance with statutory regulations and the              5. Encouraging the empowerment of the Company’s
Company’s internal regulations related to:                        risk management function;
1. Implementating a strong function of risk                   6. Reporting to the Board of Commissioners about the
   management supervision;                                        possibility of Bank risk and proposing a variety of
2. Developing a risk management culture in order to               solutions
   reduce the possibility of unethical banking practices      7. Conducting risk monitoring in the working unit which
   occurring; and                                                 is closely related to risk-based decision-making and
3. Identified matters related to risk management that             cooperating with risk management work unit.
   require the attention of the Board of Commissioners.       8. Reviewing,        evaluating,     and/or      providing
                                                                  recommendation on matters which require approval,
Legal Basis for Establishing the Risk Monitoring                  consultation, or decision making by the Board of
Committee                                                         Commissioners in accordance with the Articles
                                                                  of Association, Working Relationship of the Board
PersThe    Company      establishes     Risk  Monitoring          of Commissioners and Directors, and regulator’s
Committee under the following legal bases:                        decree.
1. OJK Regulation No 17 of 2023 dated September 14,           9. Performing other duties assigned by the Board of
   2023 concerning the Implementation of Governance               Commissioners within the relevant scope of duties
   for Commercial Banks.                                          of risk management.
2. OJK Circular Letter No. 13/SEOJK.03/2017 dated March       10. The evaluation and monitoring activities mentioned
   17, 2017 on the Implementation of Governance for               above also cover the function of Sharia risk
   General Bank.                                                  management in UUS (Sharia Business Units).
3. Regulation of the Minister of State-Owned                  11. The results of the duties and responsibilities outlined
   Enterprises No. PER-2/MBU/03/2023 dated March                  above are used to provide recommendations to the
   24, 2023 concerning Guidelines for Governance                  Board of Commissioners.
   and Significant Corporate Activities of State-Owned
   Enterprises;
4. Regulation of the Minister of State-Owned Enterprises
   No. PER-3/MBU/03/2023 dated March 24, 2023
   concerning Organs and Human Resources of State-
   Owned Enterprises;




622      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                 Annual Report




CHARTER OF THE RISK MONITORING COMMITTEE

The Guidelines and Rules of Procedure for the Risk Monitoring Committee are prepared based on applicable laws
and regulations and are periodically reviewed, with the most recent update based on the Board of Commissioners
Decree No. 21/KOM/BTN/2024 dated December 18, 2024, concerning the Guidelines and Rules of Procedure for the Risk
Monitoring Committee of PT Bank Tabungan Negara (Persero) Tbk, containing the following provisions:


                   General Provision                         Article 1        Definition
     Chapter I
                                                             Article 2        Objectives

                   Duty, Responsibility, and Authority       Article 3        Duties and Responsibilities
     Chapter II
                                                             Article 4        Authority

                   Structure and Membership                  Article 5        Composition and Structure

     Chapter III                                             Article 6        Membership Requirements

                                                             Article 7        Term of Office

                   Work Mechanism and Relationship           Article 8        Work Mechanism

     Chapter IV                                              Article 9        Employment Relations

                                                             Article 10       Supporting Personnel

                   Work Mechanism and Relationship           Article 11       Work Plan and Budgeting

                                                             Article 12       Committee Meetings
     Chapter IV
                                                             Article 13       Report

                                                             Article 14       Evaluation

                   Competency Development and Income         Article 15       Competency Development
     Chapter VI
                                                             Article 16       Income

 Chapter VII       Others                                    Article 17       Closing




Authorities of the Risk Monitoring Committee

Daccomplishing its function, the Risk Management Committee holds the following authority to:
1. Carrying out activities in the implementation of the duties and responsibilities of the Risk Monitoring Committee.
2. Communicate with the Directors and/or Executives and internal Bank parties to obtain necessary information,
   clarifications, documents, and reports.
3. Obtain inputs and/or suggestions from the Bank’s external parties related to the duty of the Risk Management
   Committee


Term of Office of the Risk Monitoring Committee

1. The term of office of the Committee members serving as a concurrent member of the Board of Commissioners
   automatically ends once their position as members of the Board of Commissioners ends;
2. The term of office of the Committee members who has not served as concurrent members of the Board of
   Commissioners is 3 (three) years at the maximum and is extendable to once for 2 (two) terms of office provided
   that the Board of Commissioners is still entitled to dismiss the respected Committee members at any time;
3. If a member of the Board of Commissioners holds a concurrent position as the chairman of the Committee releases
   his status as a member of the Board of Commissioners, the position of the Committee chairman must be replaced
   by another member of the Board of Commissioners within maximum of 30 (thirty) days.




                                                                          PT Bank Tabungan Negara (Persero) Tbk   623
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Structure, Membership, and Expertise of the Risk Monitoring Committee


Table of the Risk Monitoring Committee’s Structure, Membership, and Expertise

                                                                                              Masa Jabatan
                                                                                                                         Basis of
    Name            Position       Description             Expertise            Period
                                                                                                                       Appointment
                                                                                             Start        End

 Armand B.        Chairman         Independent        Banking, Risk            Second    March 6,      AGMS 2029     Decree of the Board
 Arief            and              Commissioner       Management,                        2024                        of Commissioners
                  Member                              Business                                                       Number 04/KOM/
                                                      Management                                                     BTN/2024 dated
                                                                                                                     March 17, 2024

 Herry            Member           Commissioner       Macroeconomics,          First     March 17,     AGMS 2027     Decree of the Board
 Trisaputra                                           Management,                        2024                        of Commissioners
 Zuna                                                 Public Works, and                                              Number 04/KOM/
                                                      Housing                                                        BTN/2022 dated
                                                                                                                     March 17, 2022

 Himawan          Member           Commissioner       Management               First     March 17,     AGMS 2029     Decree of the Board
 Arief Sugoto                                         and Business, Risk                 2024                        of Commissioners
                                                      Management,                                                    Number 04/KOM/
                                                      Finance, Land                                                  BTN/2022 dated
                                                      Affairs, and Spatial                                           March 17, 2022
                                                      Planning


 Adi              Member¹          Independent        Banking, Risk            First     March 13,     AGMS 2029     Decree of the Board
 Sulistyowati                      Commissioner²      Management,                        2024                        of Commissioners
                                                      and Business                                                   Number 07/KOM/
                                                      Management                                                     BTN/2024 dated
                                                                                                                     March 13, 2024



 Andin            Member³          Commissioner       Banking,                 First     October 16,   AGMS 2029     Decree of the Board
 Hadiyanto                                            Compliance, Risk                   2024                        of Commissioners
                                                      Management,                                                    Number 10/KOMP/BTN
                                                      and Business                                                   2024 dated October
                                                      Administration                                                 16, 2024



 Ignace           Member           Independent        Risk Management,         Second    November 7,   November 6,   Board of Directors
 Widiatmoko                        Party              Banking, Finance,                  2024          2026          Decree Number
                                                      Sharia Banking                                                 1064/DIR/2024 dated
                                                                                                                     November 19, 2024

 Pamuji           Member           Independent        Banking, Risk            Second    November      November      Board of Directors
 Gesang                            Party              Management,                        30, 2024      29, 2026      Decision Number
 Raharjo                                              Finance, Sharia                                                1063/DIR/2024 dated
                                                      Banking                                                        November 19, 2024

¹) Appointed as a member of the Risk Monitoring Committee on March 13, 2024
²) Effective based on the Fit and Proper Assessment Decision by OJK on October 7, 2024
³) Appointed as a member of the Risk Monitoring Committee on October 16, 2024




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PROFILE OF THE RISK MONITORING COMMITTEE
                                                                    Himawan Arief      Profile can be found in the Board of
                                                                       Sugoto          Commissioners' Profile section.
The profile of the Risk Monitoring Committee as of
                                                                    Member of the      His tenure as a member of the Risk
December 31, 2024, is as follows.                                   Risk Monitoring    Monitoring Committee runs from March
                                                                     Committee /       2, 2022, to the 2027 AGMS (First Term).
                                                                    Commissioner
                   Profile can be found in the Board of
   Armand B.       Commissioners' Profile section.
     Arief         His tenure as Chairman concurrent               Adi Sulistyowati    Profile can be found in the Board of
                   member      of   the  Risk    Monitoring         Member of the      Commissioners' Profile section.
    Monitoring
   Committee /     Committee runs from November 27,                 Risk Monitoring    Her tenure as a member of the Risk
   Independent     2019, to the 2024 AGMS (First Term) and           Committee /       Monitoring Committee runs from March
  Commissioner     continues from March 6, 2024, to the 2029         Independent       6, 2024, to the 2029 AGMS (First Term).
                   AGMS (Second Term).                              Commissioner



                   Profile can be found in the Board of                                Profile can be found in the Board of
      Herry                                                        Andin Hadiyanto
                   Commissioners' Profile section.                                     Commissioners' Profile section.
   Trisaputra                                                       Member of the
      Zuna         His tenure as a member of the Risk                                  His tenure as a member of the Risk
                                                                    Risk Monitoring
                   Monitoring Committee runs from March                                Monitoring    Committee      runs  from
 Member of the                                                       Committee /
                   2, 2022, to the 2027 AGMS (First Term).          Commissioner       October 16, 2024, to the 2029 AGMS (First
 Risk Monitoring
  Committee /                                                                          Term).
 Commissioner



                                                Educational Background
                                                • Bachelor of Corporate Economics, Diponegoro University, Semarang (1984)
                                                • Master of Business Administration di Rutgers The State University (1995)


                                                Certification
                                                • Banking Risk Management Certification Level 7 according to KKNI (2024)
                                                • Certification in Audit Committee Practices (CACP) from IKAI (2019)


                                                Work Experience
                                                • Vice President of Risk Management of Bank Mandiri (2007—2015).
                                                • Commissioner of PT Resik Guna Maju (2015—2018).
                                                • Managing Director PT Gedung Bank Exim (2015—2018).
                                                • Risk Monitoring Committee and Audit Committee of Rabobank International
                                                  Indonesia (2018—2020).
                                                • Risk Monitoring Committee of Industrial Commercial of Bank of China Indonesia
                                                  (2018—2021).
                                                • Risk Monitoring Committee and Audit Committee of Bank Victoria International Tbk
                                                  (2021).
Ignace Widiatmoko
Member of the Risk Monitoring                   Legal Basis for Appointment
Committee/ Independent Party                    • First Term: Board of Directors Decree No. 1002/DIR/2021 dated November 8, 2021,
Indonesia citizen,                                regarding the Appointment of Mr. Ignace Widiatmoko as a Member of the Risk
Probolinggo, July 07 1960                         Monitoring Committee
64 years old as of December 2024,               • Second Term: Board of Directors Decree No. 1064/DIR/2024 dated November
domiciled dSouth Tangerang City Banten            19, 2024, regarding the Extension of the Term of Office of the Risk Monitoring
                                                  Committee Member at PT Bank Tabungan Negara (Persero) Tbk

                                                Term of Office
                                                • First Term with a Tenure from November 7, 2021, to November 6, 2024
                                                • Second Term with a Tenure from November 7, 2024, to November 6, 2026


                                                Concurrent Position
                                                None




                                                                              PT Bank Tabungan Negara (Persero) Tbk        625
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                                                      Corporate
                                                      Governance




                                               Educational Background
                                               • Bachelor of Economics, University of Dr. Moestopo (1996)
                                               • Master of Risk Management, University of Indonesia (2003)
                                               • Doctor of Business and Management (Finance) Bogor Agricultural University
                                                 (2014)

                                               Certification
                                               • Banking Risk Management Certification Level 7 according to KKNI (2024)
                                               • Certified of Financial Consultant (CFC) Institute of Financial Consultant from IFC
                                                 (2013)
                                               • Certified of Investment Market and Banking Analyst (CIMBA) Investment Market
                                                 and Banking Analyst Association (2014)

                                               Work Experience
                                               • General Manager of Risk Management Perum Pegadaian (2010 – 2011);
                                               • Director of Risk Management Center Indonesia (2009 – 2011);
                                               • Member of Risk Monitoring Committee of PT Bank Rakyat Indonesia (Persero) Tbk
                                                 (2007 – 2010 and 2011 – 2016);
Pamuji Gesang Raharjo                          • Member of Audit Committee of PT Bank Rakyat Indonesia (Persero) Tbk (2016 –
Anggota Komite Pemantau Risiko/                  2021);
Pihak Independen
                                               Legal Basis for Appointment
Indonesia citizen,                             • Board of Directors Decree No. 1067/DIR/2021 dated December 1, 2021, regarding the
Jakarta, April 10, 1968,                         Appointment of Mr. Pamuji Gesang Raharjo as a Member of the Risk Monitoring
56 years old as of December 2024,                Committee
domiciled DKI Jakarta Central Jakarta          • Board of Directors Decree No. 1063/DIR/2024 dated November 19, 2024, regarding
City.                                            the Extension of the Term of Office of the Risk Monitoring Committee Member at
                                                 PT Bank Tabungan Negara (Persero) Tbk


                                               Term of Office
                                               • First Term with a Tenure from November 30, 2021, to November 29, 2024
                                               • Second Term with a Tenure from November 30, 2024, to November 29, 2026


                                               Concurrent Position
                                               None




Independency of The Risk Monitoring Committee


Table of Risk Monitoring Committee’s Independency

                                              Herry   Himawan                                                           Pamuji
                                 Armand B.                                 Adi       Andin     Ignace
Aspect of Independency                     Trisaputra   Arief                                                           Gesang
                                   Arief                              Sulistyowati Hadiyanto Widiatmoko
                                              Zuna     Sugoto                                                           Raharjo

 Having no financial
 Association with the Board of
 Commissioners and Directors

 Having no management
 relation in the company,
 subsidiary company, or
 affiliated company

 Has no ownership
 relationship shares in the
 company of 5% or more

 Not having familial
 relationship with the
 Board of Commissioners,
 Directors, and/or fellow
 members of the Risk
 Monitoring Committee

 Not serving as
 administrators of political
 parties, public officials and
 government




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                                                                                                     Annual Report




Training and/or Competency Development of the Risk Monitoring Committee in 2024


                                                                                     Time and
   Name            Position         Types of Training and Materials                   Place of                    Organizer
                                                                                  Implementation

Armand B.      Chairman       Training and/or Competency Enhancement can be seen in the Training and/or Competency
Arief          concurrently   Enhancement section of the Board of Commissioners.
               Member

Herry          Member         Training and/or Competency Enhancement can be seen in the Training and/or Competency
Trisaputra                    Enhancement section of the Board of Commissioners.
Zuna

Himawan        Member         Training and/or Competency Enhancement can be seen in the Training and/or Competency
Arief Sugoto                  Enhancement section of the Board of Commissioners.

Adi            Member         Training and/or Competency Enhancement can be seen in the Training and/or Competency
Sulistyowati                  Enhancement section of the Board of Commissioners.

Andin          Member         Training and/or Competency Enhancement can be seen in the Training and/or Competency
Hadiyanto                     Enhancement section of the Board of Commissioners.

Ignace         Member         Executive Risk Management Program Level 6           January 27, 2024 in      LPPI
Widiatmoko                                                                        Bogor

                              Webinar OJK "Strategies to Accelerate the Market    March 21, 2024 via       OJK Institute
                              Share of Islamic Finance                            Virtual Classroom

                              Seminar: Seizing Opportunities Amidst               February 23,             LPPI
                              Uncertainty                                         2024 via Virtual
                                                                                  Classroom

                              Virtual Seminar “Paylater: A Financial Solution”    April 26, 2024 via       LPPI
                                                                                  Virtual Classroom

                              Ideas Talk "Capital Market & Financial              April 26, 2024 via       OJK Institute
                              Challenges”                                         Virtual Classroom

                              Risk Management Certification Preparation KKNI      May 14, 2024 in          PT Garda Multi
                              Level 7                                             Jakarta                  Talenta

                              How to Prevent Greenwashing in Sustainable          May 16, 2024 via         OJK Institute
                              Finance                                             Virtual Classroom

                              Credit Growth Opportunities Post Credit             May 22, 2024 via         OJK Institute
                              Restructuring Policy Expiration                     Virtual Classroom

                              Building Trust for Insurance Industry Via Empathy   June 11, 2024 via        OJK Institute
                              in Claims Management                                Virtual Classroom

                              Navigating The Half-Year: Roadmap to Success        June 20, 2024 via        OJK Institute
                                                                                  Virtual Classroom

                              Risk Management Certification KKNI Level 6          March 4, 2024 in         LSPP
                                                                                  Jakarta

                              Risk Management Certification KKNI Level 7          June 3, 2024 in          LSPP
                                                                                  Jakarta

                              How to Mitigate Transition and Physical Risks in    July 4, 2024 via         OJK Institute
                              the Financial Sector                                Virtual Classroom

                              The Role of Digital Technology in Enhancing         July 11, 2024 via        OJK Institute
                              Accounting Practices                                Virtual Classroom




                                                                           PT Bank Tabungan Negara (Persero) Tbk            627
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                                                    Corporate
                                                    Governance




                                                                                        Time and
  Name             Position             Types of Training and Materials                  Place of                 Organizer
                                                                                     Implementation

                                  POJK 5/2024: Strengthening Banking Foundations     June 26, 2024 via     LPPI
                                  Amidst Global Volatility                           Virtual Classroom

                                  The Strategic Role of the Audit Committee in       August 1, 2024 via    IKAI
                                  Establishing a Secure Cyber Environment            Virtual Classroom

                                  Spiritual-Based Leadership Development: A          August 22, 2024 via   OJK Institute
                                  Holistic Approach for Business Growth and          Virtual Classroom
                                  Sustainability

                                  Asian Confederation of Institutes of Internal      August 28, 2024       IIA Indonesia
                                  Auditors (ACIIA) Regional Conference: Purposeful   Until August 29,
                                  Impact                                             2024 in Bali

                                  The Future of Data Analytics in the Financial      September 12,         OJK Institute
                                  Industry: Trends and Innovations                   2024 via Virtual
                                                                                     Classroom

                                  Boardroom Bound : Accelerating Growth to           October 25, 2024 in   LPPI
                                  Embrace The Future BTN                             Batam

                                  Risk Beyond 2024 on Enterprise Risk Management     December 5, 2024      ERMA
                                                                                     to December 6,
                                                                                     2024 in Bali

Pamuji                            Executive Risk Management Program Jenjang 5        Januari 27, 2024 in   LPPI
Gesang                                                                               Bogor
Raharjo
                                  Risk Management Certification Preparation KKNI     May 6, 2024 in        LPPI
                                  Level 6                                            Jakarta

                                  Risk Management Certification Preparation KKNI     May 14, 2024 in       PT Garda Multi
                                  Level 7                                            Jakarta               Talenta

                                  Risk Management Certification KKNI Level 5         March 14, 2024 in     LSPP
                                                                                     Jakarta

                                  Risk Management Certification KKNI Level 6         May 13, 2024 in       LSPP
                                                                                     Jakarta

                                  Risk Management Certification KKNI Level 7         June 3, 2024 in       LSPP
                                                                                     Jakarta

                                  Economic and Financial Outlook for 2024            February 22,          OJK Institute
                                                                                     2024 via Virtual
                                                                                     Classroom

                                  Cyber Attack Prevention Strategies                 February 29,          OJK Institute
                                                                                     2024 via Virtual
                                                                                     Classroom

                                  ESG Integration in Risk Management: A Practical    March 13, 2024 via    RISKHub
                                  Approach                                           Virtual Classroom     International

                                  Financial Services System (SJK) Development        March 13, 2024 via    OJK Institute
                                  Strategy Through Strengthening Islamic Banking     Virtual Classroom
                                  and Market Conduct

                                  Opportunities and Challenges of Digital Assets     March 14, 2024 via    OJK Institute
                                  in Indonesia                                       Virtual Classroom

                                  Strengthening Integrity and Competency             March 15, 2024 via    Indonesia Risk
                                  in Risk Management to Achieve Alignment            Virtual Classroom     Management
                                  and Commitment in Risk Prevention Quality                                Professional
                                  Improvement                                                              Association
                                                                                                           (IRMAPA)




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                                                                                                     Annual Report




                                                                                       Time and
   Name           Position            Types of Training and Materials                   Place of                  Organizer
                                                                                    Implementation

                                Financial Modelling untuk Merger & Akuisisi         March 16, 2024 via     Ruang Seminar
                                                                                    Virtual Classroom      – PT Sarijan
                                                                                                           International Digital
                                                                                                           School & Training
                                                                                                           Indonesia

                                Strategies to Accelerate the Market Share of        March 21, 2024 via     OJK Institute
                                Islamic Finance                                     Virtual Classroom

                                Islamic Finance & Banking Industry Exploration:     March 22, 2024 via     PT Bursa Komoditi
                                Emerging Opportunities in Modern Economic           Virtual Classroom      & Derivative
                                                                                                           Indonesia (ICDX)

                                The Role of Taxonomy for Sustainable Finance        March 28, 2024 via     OJK Institute
                                (TKBI) in Driving Energy Transition Toward          Virtual Classroom
                                Indonesia’s Net Zero Emission

                                Financial Services System (SJK) Development         April 23, 2024 via     OJK Institute
                                Prospects Through Open Finance and NIM BOPO         Virtual Classroom
                                Banking

                                Simulation on Filling Out Stress-Test Work Papers   May 21, 2024 via       PROXSIS Consulting
                                and Determining Contingency Plan Steps              Virtual Classroom      GRC Indonesia

                                Credit Growth Opportunities Post Credit             May 22, 2024 via       OJK Institute
                                Restructuring Policy Expiration                     Virtual Classroom

                                Opportunities and Challenges of Personal Data       May 30, 2024 via       OJK Institute
                                Protection in Digital Transactions                  Virtual Classroom

                                The Strategic Role of the Audit Committee in        August 1, 2024 via     IKAI
                                Establishing a Secure Cyber Environment             Virtual Classroom

                                Expansive Leadership Program                        September 5-6,         Mediatama Sinergi
                                                                                    2024 in Bali           Emas

                                Boardroom Bound : Accelerating Growth to            October 25, 2024 in    LPPI
                                Embrace The Future BTN                              Batam

                                Risk Beyond 2024 on Enterprise Risk Management      December 5-6,          ERMA
                                                                                    2024 in Bali



Risk Monitoring Committee Meeting

The Risk Monitoring Committee meetings are held as             The Committee meeting result must be in writing in the
needed by the Company, at least once (1) a month. The          form of the Minutes of Meeting signed by all Committee
meetings are conducted if attended by the majority of          attendees, and shall be well-documented, and
the committee members.                                         submitted to the Board of Commissioners. The Minutes
                                                               of Meeting includes information about time and place
If members of the Risk Monitoring Committee are                of the meeting, meeting agenda, topic of discussion,
unable to physically attend the meeting, they may              dissension (if any), and meeting decision. Dissenting
attend through the power of attorney, teleconferences          opinion occurring during the meeting must be clearly
technology, and other means in accordance with the             recorded in the Minutes, along with the underlying
legal procedure and constitution.                              reasons.


The meetings are chaired by the Committee Chair, or
in the event of the Chair’s absence, the meeting is led
by a committee member appointed by the attending
members. Decisions in the committee meetings
are made based on deliberation and consensus. If
consensus is not reached, decisions are made by
majority vote.




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The Risk Monitoring Committee is allowed to conduct special meeting if necessary. Committee meeting may invite
the management or other parties as resource person. The meeting is held by invitation and approved agenda, and
the meeting outcome has to be recorded in the Minutes of Meeting. The original document must be possessed by the
Committee, and the carbon copy shall be sent to the Secretary of the Board of Commissioners and, if necessary, can
be shared to the absent invitees.


THE RISK MONITORING COMMITTEE’S MEETING AGENDA


Throughout 2024, the Risk Monitoring Committee has held 61 (sixty-one) meetings, thereby fulfilling the requirement
of holding at least one (1) meeting per month. The meeting agenda includes the execution of the committee’s duties
and responsibilities as follows:


Table of the Risk Monitoring Committee’s Meeting Agenda

 No.    Meeting Date                           Meeting Agenda                                     Meeting Participants

  1.   January 08, 2024    Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                           the November 2023 Period                                        •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  2.   January 10, 2024    Recommendation on Updating the General Policy                   •   Armand B. Arief
                           on Information Technology, Data Management, and                 •   Herry Trisaputra Zuna
                           Digitalization                                                  •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  3.   January 17, 2024    Preparation of the Performance Realization Report of the Risk   •   Armand B. Arief
                           Monitoring Committee for Q4 2023 and the Year 2023              •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  4.   January 18, 2024    Preparation of the Self-Assessment on the Implementation of     •   Armand B. Arief
                           Bank Governance for the Period of January to December 2023      •   Herry Trisaputra Zuna
                           - Risk Monitoring Committee Section                             •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  5.   January 22, 2024    Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                           the December 2023 Period                                        •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  6.   January 30, 2024    Review of the Compliance Report until Q4 or Semester II of      •   Armand B. Arief
                           2023                                                            •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  7.   February 12, 2024   Analysis of the Efficiency Ratio of Operating Expenses to       •   Armand B. Arief
                           Operating Income (BOPO) for 2023                                •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  8.   February 19, 2024   Recommendation on the Approval of a Logo Change                 •   Armand B. Arief
                                                                                           •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

  9.   February 21, 2024   Review of the Risk Profile, Minimum Capital Adequacy            •   Armand B. Arief
                           Requirement (KPMM), and Bank Soundness Level (TKB) as of        •   Herry Trisaputra Zuna
                           December 2023                                                   •   Himawan Arief Sugoto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo




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No.    Meeting Date                            Meeting Agenda                                     Meeting Participants

10.   February 26, 2024   Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                          the January 2024 Period                                         •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

11.   February 27, 2024   Recommendation on Updating the General Policy on                •   Armand B. Arief
                          Operations and Supporting Functions and Response to the         •   Herry Trisaputra Zuna
                          General Policy on Environmental, Social, and Governance         •   Himawan Arief Sugoto
                          (ESG)                                                           •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

12.   March 06, 2024      Review of the Self-Assessment Report on the Implementation      •   Armand B. Arief
                          of Good Corporate Governance (GCG) for the Sharia Business      •   Herry Trisaputra Zuna
                          Unit in 2023                                                    •   Himawan Arief Sugoto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

13.   April 29, 2024      Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                          the March 2024 Period                                           •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

14.   May 06, 2024        Review of the Compliance Report until Q1 2024                   •   Armand B. Arief
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

15.   May 20, 2024        Review of the Risk Profile as of March 2024                     •   Armand B. Arief
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

16.   May 27, 2024        Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                          the April 2024 Period                                           •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

17.   May 29, 2024        Preparation of the Performance Realization Report of the Risk   •   Armand B. Arief
                          Monitoring Committee for Q1 2024                                •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

18.   June 11, 2024       Recommendation on Legal Actions Regarding Alleged               •   Armand B. Arief
                          Violations of Banking Regulations and Other Laws                •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

19.   June 12, 2024       Recommendation on the Islamic Financing Restructuring           •   Armand B. Arief
                          Report                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

20.   June 18, 2024       Review of the Efficiency Ratio (BOPO and CIR Ratios)            •   Armand B. Arief
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo




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No.     Meeting Date                           Meeting Agenda                                     Meeting Participants

 21.   June 19, 2024      Monitoring of Risk Appetite and Risk Tolerance until May        •   Armand B. Arief
                          2024                                                            •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

22.    June 25, 2024      Recommendation on the Proposed Amendment to the                 •   Armand B. Arief
                          Bank Business Plan (RBB) 2024–2026 and Changes to the           •   Herry Trisaputra Zuna
                          Company's Work & Budget Plan (RKAP) for 2024                    •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

23.    June 26, 2024      Review of Affiliated Transactions                               •   Armand B. Arief
                                                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

24.    July 04, 2024      Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                          the May 2024 Period                                             •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

25.    July 08, 2024      Recommendation on the Proposed Criteria for Long-Term           •   Armand B. Arief
                          Procurement of Goods and/or Services                            •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

26.    July 12, 2024      Recommendation on the Islamic Financing Restructuring           •   Armand B. Arief
                          Report                                                          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

 27.   July 15, 2024      Recommendation on Information Disclosure Related to Cyber       •   Armand B. Arief
                          Attack Allegations                                              •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

28.    July 17, 2024      Study on the Principle Request for Credit or Financing to       •   Armand B. Arief
                          Executive Officers                                              •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

29.    July 22, 2024      Recommendation on Updating the          Special   Policy   on   •   Armand B. Arief
                          Cooperation Procedures with Partners                            •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

30.    July 24, 2024      Review of the Credit Committee Meeting Decision Report for      •   Armand B. Arief
                          the June 2024 Period                                            •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo




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No.    Meeting Date                           Meeting Agenda                                      Meeting Participants

31.   July 25, 2024      Preparation of the Performance Realization Report of the Risk    •   Armand B. Arief
                         Monitoring Committee for Q2 2024                                 •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

32.   July 30, 2024      Discussion on Portfolio and Strategy for Achieving Retail        • Armand B. Arief
                         Savings Product Targets                                          • Ignace Widiatmoko
                                                                                          • Pamuji Gesang Raharjo

33.   August 05, 2024    Review of the Compliance Report until Q1 or Semester I of 2024   •   Armand B. Arief
                         and Study on the Principle Request for Credit or Financing to    •   Herry Trisaputra Zuna
                         Executive Officers                                               •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

34.   August 07, 2024    Review of the Risk Profile, Minimum Capital Adequacy             •   Armand B. Arief
                         Requirement (KPMM), and Bank Soundness Level (TKB) as of         •   Himawan Arief Sugoto
                         June 2024                                                        •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

35.   August 19, 2024    Recommendation on the Management Review Meeting                  •   Armand B. Arief
                         Report for ISO 37001:2016 Anti-Bribery Management System         •   Herry Trisaputra Zuna
                         (SMAP)                                                           •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

36.   August 21, 2024    Study on the Principle Request for Credit or Financing to        •   Armand B. Arief
                         Executive Officers                                               •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

37.   August 26, 2024    Review of the Credit Committee Meeting Decision Report for       •   Armand B. Arief
                         the July 2024 Period                                             •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

38.   September 02,      Review of the Proposed Adjustment of the Threshold for Risk      •   Armand B. Arief
      2024               Appetite and Risk Tolerance for 2024                             •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

39.   September 09,      Recommendation on the Preparation of the Key Risk Report         •   Armand B. Arief
      2024                                                                                •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

40.   September 23,      Recommendation on the Draft Long-Term Corporate Plan             •   Armand B. Arief
      2024               (RJPP) for 2025–2029                                             •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

41.   October 01, 2024   Review of the Credit Committee Meeting Decision Report for       •   Armand B. Arief
                         the August 2024 Period                                           •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati sebagai pengamat
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo




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No.    Meeting Date                            Meeting Agenda                                      Meeting Participants

42.   October 02, 2024    Progress on ESG Rating Assessment and Risk Maturity Index        •   Armand B. Arief
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati sebagai pengamat
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

43.   October 07, 2024    Preparation of the Performance Realization Report of the Risk    •   Armand B. Arief
                          Monitoring Committee for Q3 2024                                 •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

44.   October 15, 2024    Study on the Principle Request for Credit or Financing to        •   Armand B. Arief
                          Executive Officers                                               •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

45.   October 16, 2024    Monitoring of Risk Appetite and Risk Tolerance until September   •   Armand B. Arief
                          2024                                                             •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

46.   October 18, 2024    Review of the Credit Committee Meeting Decision Reports for      •   Armand B. Arief
                          August and September 2024                                        •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Andin Hadiyanto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

47.   October 21, 2024    Recommendation on Support for the Establishment of a             •   Armand B. Arief
                          Subsidiary as Part of the Plan for the Spin-Off of the Sharia    •   Herry Trisaputra Zuna
                          Business Unit                                                    •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Andin Hadiyanto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

48.   October 23, 2024    Study on the Principle Request for Credit or Financing to        •   Armand B. Arief
                          Executive Officers                                               •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Andin Hadiyanto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

49.   October 28, 2024    Review of the Compliance Report until Q3 2024                    •   Armand B. Arief
                                                                                           •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Andin Hadiyanto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo

50.   November 18, 2024   Review of the Credit Committee Meeting Decision Report for       •   Armand B. Arief
                          the October 2024 Period                                          •   Herry Trisaputra Zuna
                                                                                           •   Himawan Arief Sugoto
                                                                                           •   Adi Sulistyowati
                                                                                           •   Andin Hadiyanto
                                                                                           •   Ignace Widiatmoko
                                                                                           •   Pamuji Gesang Raharjo




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No.    Meeting Date                           Meeting Agenda                                     Meeting Participants

51.   November 22,        Discussion on the Risk Profile Report until Q3 2024 and the     •   Armand B. Arief
      2024                Fraud Prevention Strategy Report until Q3 2024                  •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

52.   November 25,        Review of the Update on the Recovery Action Plan, Resolution    •   Armand B. Arief
      2024                Plan Update, and Sustainable Finance Action Plan                •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati
                                                                                          •   Andin Hadiyanto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

53.   November 26,        Recommendations on:                                             •   Armand B. Arief
      2024                • Updating the General Policy on Subsidiary Management          •   Herry Trisaputra Zuna
                            and the Sharia Business Unit                                  •   Himawan Arief Sugoto
                          • Updating the General Policy on Legal, Compliance, AML,        •   Adi Sulistyowati
                            CFT, and PFWMD, as well as Corporate Governance               •   Andin Hadiyanto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

54.   November 28,        Study on the Principle Request for Credit or Financing to       •   Armand B. Arief
      2024                Executive Officers                                              •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati
                                                                                          •   Andin Hadiyanto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

55.   December 04,        • Recommendation on the Concept of Business Ethics and          •   Armand B. Arief
      2024                  Conduct Guidelines                                            •   Herry Trisaputra Zuna
                          • Update of the Guidelines and Work Rules of the Risk           •   Himawan Arief Sugoto
                            Monitoring Committee                                          •   Adi Sulistyowati
                          • Preparation of the Work Program of the Risk Monitoring        •   Andin Hadiyanto
                            Committee for 2025                                            •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

56.   December 09,        Recommendation on Updating the General Policy on Treasury,      •   Armand B. Arief
      2024                Funding, and Product Delivery, and Recommendation on            •   Herry Trisaputra Zuna
                          Adjusting the Threshold for Risk Appetite and Risk Tolerance    •   Himawan Arief Sugoto
                          for 2024                                                        •   Adi Sulistyowati
                                                                                          •   Andin Hadiyanto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

57.   December 11, 2024   Discussion on the Strategy of the Directorate of Operations &   •   Armand B. Arief
                          Customer Experience                                             •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

58.   December 13, 2024   Recommendation on the Management Review Meeting                 •   Armand B. Arief
                          Report for ISO 37301:2021 Compliance Management System          •   Herry Trisaputra Zuna
                                                                                          •   Himawan Arief Sugoto
                                                                                          •   Adi Sulistyowati
                                                                                          •   Andin Hadiyanto
                                                                                          •   Ignace Widiatmoko
                                                                                          •   Pamuji Gesang Raharjo

59.   December 16,        Recommendations on:                                             •   Armand B. Arief
      2024                • Updating the General Policy on Risk Management                •   Herry Trisaputra Zuna
                          • Updating the General Policy on Bank Lending or Financing      •   Himawan Arief Sugoto
                          • Updating the General Policy on Operations and Supporting      •   Adi Sulistyowati
                            Functions                                                     •   Andin Hadiyanto
                          • Updating the General Policy on Information Technology,        •   Ignace Widiatmoko
                            Data Management, and Digitalization                           •   Pamuji Gesang Raharjo
                          Updating the Special Policy on the Implementation of Anti-
                          Money Laundering (AML), Counter-Terrorism Financing (CFT),
                          and Prevention of Financial Crimes (PFWMD) Programs




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 No.         Meeting Date                              Meeting Agenda                                Meeting Participants

  60.   December 18,           Study on the Principle Request for Credit or Financing to      •   Armand B. Arief
        2024                   Executive Officers                                             •   Herry Trisaputra Zuna
                                                                                              •   Himawan Arief Sugoto
                                                                                              •   Adi Sulistyowati
                                                                                              •   Andin Hadiyanto
                                                                                              •   Ignace Widiatmoko
                                                                                              •   Pamuji Gesang Raharjo

  61.   December 20,           Study on the Principle Request for Credit or Financing to      •   Armand B. Arief
        2024                   Executive Officers                                             •   Herry Trisaputra Zuna
                                                                                              •   Himawan Arief Sugoto
                                                                                              •   Adi Sulistyowati
                                                                                              •   Andin Hadiyanto
                                                                                              •   Ignace Widiatmoko
                                                                                              •   Pamuji Gesang Raharjo



FREQUENCY AND ATTENDANCE LEVEL OF RISK MONITORING COMMITTEE MEETINGS


Risk Monitoring Committee Meeting Attendance Rate Table

                                                                                  Risk Monitoring Committee Meeting
              Name                           Position
                                                                           Total Meeting   Total Attendance       Percentage

 Armand B. Arief                Chairman concurrently Member                       61                  61             100.00%

 Herry Trisaputra Zuna          Member                                             61                 58              95.08%

 Himawan Arief Sugoto           Member                                             61                 60              98.36%

 Adi Sulistyowati*              Member                                             19                  19             100.00%

 Andin Hadiyanto**              Member                                             17                  14             82.35%

 Ignace Widiatmoko              Member                                             61                  61             100.00%

 Pamuji Gesang Raharjo          Member                                             61                  61             100.00%

* Appointed as member of Risk Monitoring Committee on March 13, 2024
** Appointed as member of Risk Monitoring Committee on October 16, 2024



Work Plan and the Implementation of Duties of the Risk Monitoring Committee of 2024

In 2024, the Committee has implemented the work program that was prepared in the previous year. Most of the work
programs have been implemented, but there are several work programs that have not been implemented because
there is no urgent need and/or initiation from the relevant work units has been delayed. Details of the work program
and implementation realization are presented as follows:



 No.                                                       Work Plan                                               Implementation


  1.    REGULAR

        a.    Review of the Risk Profile Report                                                                     Implemented

        b.    Review of the Bank’s Soundness Level Report                                                           Implemented

        c.    Submission of review and input related to Risk Appetite and Risk Tolerance                            Implemented

        d.    Review of the Bank Business Plan (RBB) and the Company’s Work & Budget Plan (RKAP)                    Implemented




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No.                                                    Work Plan                                                   Implementation


      e.   Review of the Sustainable Finance Action Plan (RAKB)                                                     Implemented

      f.   Review of the Updated Recovery Plan                                                                      Implemented

      g.   Review of the Preparation of the Resolution Plan Year                                                    Implemented

      h.   Reassessment of the Risk Management Policy Guidelines (PKMR)                                             Implemented

      i.   Review of the Compliance Report                                                                          Implemented

      j.   Submission of the Self-Assessment Report on the Implementation of Bank Governance                        Implemented

      k.   Preparation of the Risk Monitoring Committee Report                                                      Implemented

      l.   Preparation of the Risk Monitoring Committee Work Program                                                Implemented

 2.   NONREGULAR

      a.   Strategic Initiatives and New Regulations

           General Policy on Environmental, Social, and Governance (ESG)                                            Implemented

      b.   Recommendation of General and Specific Policies:

           Update of General Policies, Specific Policies, and/or Technical Guidelines that need attention and/or
                                                                                                                    Implemented
           approval from the Board of Commissioners

 3.   SUPERVISION OF COMMITTEE RECOMMENDATIONS IMPLEMENTATION

           Communicating with SKMR                                                                                  Implemented

 4.   DISCUSSION OF TOP RISKS IN THE RISK-TAKING UNIT

           Requesting and evaluating data/information/clarification from SKMR and related Work Units                Implemented

 5.   SPECIAL AND OTHER DUTIES

      a.   Risk Monitoring Committee meetings (at least once a month)                                               Implemented

      b.   Other duties as assigned by the Committee Chairperson, Board of Commissioners, or Members of
                                                                                                                    Implemented
           the Board of Commissioners




Organs and Committees Under the Directors

Corporate Secretary

As a supporting organ to the Board of Directors in the implementation of good corporate governance, the Corporate
Secretary has a significant role in ensuring that the Company has been following the regulations related to the
disclosure requirements in line with the implementation of GCG principles. The Corporate Secretary has to perform
corporate’s responsibilities regarding the disclosure of materials and relevant information to the stakeholders. The
Corporate Secretary also provides relevant information to the Board of Directors and Board of Commissioners,
organizes the information, coordinates, and documents the meeting of the Board of Directors, the joint meeting of the
Board of Directors and the Board of Commissioners, GMS, and other activities with stakeholders.


The Structure of the Corporate Secretary

The Corporate Secretary is managed by the Corporate Secretary Division (CSD) which is led by the Corporate Secretary
Division Head (dhi. Corporate Secretary), and is responsible to the President Director in carrying out his/her duties. The
Corporate Secretary is assisted by a Senior Manager/Assistant Vice President who is responsible for each work unit
including Planning & Operations, Reporting & Community Development, and Communication.




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                                                      Corporate
                                                      Governance




                                                             Corporate Secretary
                                                                   (CSD)

    L1
                               Secretary




              Capital Market
                                                      Stakeholder      Community     Office of The
    L2         Planning &          Communication
                                                        Relation      Development        Board
               Operations



                                                                                                          Board
               Capital Market           Internal       Stakeholder         TJSL
                                                                                      General Affair   Commissioner
                Assurance            Communication      Relation 1     Development
                                                                                                         Support



                   Planing           Media Relation                       TJSL
                                                       Stakeholder                       Protocol
               Performance &            & Public                        Monitoring
                                                        Relation 2                      Specialist
                 Budgeting            Information                        Officer

    L3
                  Executive
                                                                                        Executive
                 Committee
                                                                                        Secretary
                   Support




Functions, Duties, and Responsibilities of the Corporate Secretary

In carrying out its duties and responsibilities, the Corporate Secretary also refers to the OJK Regulation
No. 35/POJK.04/2014, dated December 8, 2014, concerning Corporate Secretary of Issuers or Public Companies. Based
on these regulations, the Corporate Secretary shall perform its duties and responsibilities, which include:
1. Following-up the progress of the capital market, particularly in terms of the laws and regulations applied in the
    capital market sector.
2. Providing input to the Company’s Directors and Board of Commissioners for Complying with the provisions of laws
    and regulations in the capital market sector.
3. Assisting the Board of Directors and Board of Commissioners in the implementation of the corporate governance
    which includes:
    a. Disclosure of information to the public, including the availability of information on the issuer or Company’s
       websites.
    b. Report submission to the Financial Services Authority on schedule.
    c. Conducting and documenting the General Meeting of the Shareholders (GMS).
    d. Conducting and documenting meetings of the Board Directors and or Board of Commissioners.
    e. Conducting orientation programs for the Board of Directors and/or the Board of Commissioners.
4. As a communicator between the Company and shareholders of issuers or public companies, Financial Services
    Authority, and other stakeholders.
.




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Corporate Secretary Profile

                                                   Educational Background
                                                   • Social Sciences/Administration from the University of Indonesia (1996)
                                                   • Master (S2) in Commerce from The University of Sydney in 1998



                                                   Certification
                                                   Level 5 Risk Management Competency

                                                   Work Experience
                                                   Starting his career at PT Bank Tabungan Negara (Persero) Tbk in 2020 as Marketing
                                                   Communication Division Head and concurrently serving as Digital Channel Division
                                                   Head. He previously served at PT Bank Mandiri (Persero) Tbk as DH Retail Marketing
                                                   (2015), DH Corporate Communication (2010), and Regional Card Manager Bandung
                                                   (2009).

                                                   Legal Basis for Appointment
                                                   Directors’ Decree Number 231/DIR/2023 dated April 14 2023
Ramon Armando
Corporate Secretary

Indonesia citizen,
50 years as of December 2024,
domiciled Jakarta, Indonesia.



Corporate Secretary Competency Development Program


  Types of Training and Development Materials
                                                                Time and place                        Penyelenggara
             Competency / Training

 Compliance Excellence January 2024 Edition - Special
                                                             Jakarta, January 09, 2024    PT Bank Tabungan Negara (Persero) Tbk
 Policies & Technical Guidelines for Accounting Activities

 Competency Deepening Program KBUMN for BOD-1                Jakarta, January 27, 2024    Transforma

 Compliance Excellence February 2024 Edition - Security
                                                             Jakarta, February 13, 2024   PT Bank Tabungan Negara (Persero), Tbk
 & Digital Risk Awareness

 Expert Talk Session “Crafting Executive Savvy in Global
                                                             Jakarta, February 21, 2024   PT Bank Tabungan Negara (Persero) Tbk
 Business Mindset

 Understanding Internal Regulations - BTN Internal
                                                             Jakarta, February 24, 2024   PT Bank Tabungan Negara (Persero) Tbk
 Regulation Architecture

 Compliance Excellence March 2024 Edition -
 Gratification Control Program and SMAP ISO 37001-2016        Jakarta. March 07, 2024     PT Bank Tabungan Negara (Persero) Tbk
 Policy (Managerial)

 Internalization of IT Regulation Policy                      Jakarta, March 19, 2024     PT Bank Tabungan Negara (Persero0 Tbk

 Internalization of Respectful Workplace (RWP) 2024           Jakarta, March 26, 2024     PT Bank Tabungan Negara (Persero) Tbk

 Internalization of SLE Index Achievement 2024                 Jakarta, April 01, 2024    PT Bank Tabungan Negara (Persero) Tbk

 Compliance Excellence April 2024 Edition - Government
                                                               Jakarta, April 17, 2024    PT Bank Tabungan Negara (Persero) Tbk
 VA Report (Managerial)

 Internalization of BTN Cash Management Services               Jakarta, April 22, 2024    PT Bank Tabungan Negara (Persero) Tbk

 Internalization of Legal Clinic Podcast 2024                  Jakarta, April 23, 2024    PT Bank Tabungan Negara (Persero) Tbk

 BTN Leadership Forum 2 - 2024                                 Bali, May 02 - 04, 2024    McKinsey & PwC

 Compliance Excellence May 2024 Edition - Foreign
 Exchange Transactions Branch FX at Branch Offices             Jakarta, May 06, 2024      PT Bank Tabungan Negara (Persero) Tbk
 (Managerial)

 Internalization of New Grading System Bank BTN                Jakarta, May 13, 2024      PT Bank Tabungan Negara (Persero) Tbk




                                                                                  PT Bank Tabungan Negara (Persero) Tbk       639
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                                                           Corporate
                                                           Governance




 Types of Training and Development Materials
                                                                   Time and place                      Penyelenggara
            Competency / Training

Internalization   of   Commercial      Loan   Rescue     and
                                                                 Jakarta, May 20, 2024      PT Bank Tabungan Negara (Persero) Tbk
Resolution

Internalization of ESG       (Environment,      Social    &
                                                                 Jakarta, May 27, 2024      PT Bank Tabungan Negara (Persero) Tbk
Governance) Awareness

                                                                                            Lembaga Sertifikasi Profesi Badan
Banking Risk Management Certification Level 5                    Jakarta, May 29, 2024
                                                                                            Sertifikasi Manajemen Risiko

Compliance Excellence June 2024 Edition - Prohibition
                                                                 Jakarta, June 06, 2024     PT Bank Tabungan Negara (Persero) Tbk
of Gambling Activities (Managerial)

Internalization of 2024 Transformation                           Jakarta, June 11, 2024     PT Bank Tabungan Negara (Persero) Tbk

Internalisasi Pengelolaan Data Nasabah (CIF)                     Jakarta, June 19, 2024     PT Bank Tabungan Negara (Persero) Tbk

Compliance Excellence July 2024 Edition - Special
                                                                 Jakarta, July 04, 2024     PT Bank Tabungan Negara (Persero) Tbk
Policy on Conflict of Interest Guidelines (Managerial)

Socialization of Umbrella Campaign Bale by BTN                    Jakarta, July 17, 2024    PT Bank Tabungan Negara (Persero) Tbk

Risk Management Refreshment KKNI Level 5 E-Learning
                                                                  Jakarta, July 19, 2024    PT Bank Tabungan Negara (Persero) Tbk
Method

Internalization of Corporate Loan Process (Corporate
                                                                 Jakarta, July 22, 2024     PT Bank Tabungan Negara (Persero) Tbk
Loan)

Socialization of Profitability Measurement System               Jakarta, August 01, 2024    PT Bank Tabungan Negara (Persero) Tbk

Internalization of Sahabat Transformasi Episode 2               Jakarta, August 03, 2024    PT Bank Tabungan Negara (Persero) Tbk

Internalization of IT, Digital & Cyber Risk Management
                                                                Jakarta, August 05, 2024    PT Bank Tabungan Negara (Persero) Tbk
2024

Internalization of Public Information Disclosure (KIP) in
                                                                Jakarta, August 06, 2024    PT Bank Tabungan Negara (Persero) Tbk
the framework of Corporate Secretary governance

Compliance Excellence August 2024 Edition -
Procedures for Implementing Anti-Money Laundering,
Counter-Terrorism Financing, and Prevention of the              Jakarta, August 09, 2024    PT Bank Tabungan Negara (Persero) Tbk
Financing of Weapons of Mass Destruction Programs
(AML, CFT, and PFWMD) (Managerial)

                                                                Jakarta, September 02,
BTN Smart Residence Refreshment                                                             PT Bank Tabungan Negara (Persero) Tbk
                                                                          2024

Compliance Excellence September 2024 Edition - Data             Jakarta, September 08,
                                                                                            PT Bank Tabungan Negara (Persero) Tbk
Privacy Awareness (Managerial)                                            2024

Compliance Excellence October 2024 Edition                 -
                                                               Jakarta, October 07, 2024    PT Bank Tabungan Negara (Persero) Tbk
Bancassurance Product Marketing (Managerial)

BTN Property 2024 Refreshment                                  Jakarta, October 08, 2024    PT Bank Tabungan Negara (Persero) Tbk

Socialization of Digital Risk Awareness & Cyber Trend           Jakarta, October 10, 2024   PT Bank Tabungan Negara (Persero) Tbk

Socialization of Easy in BTN Smart Residence Program           Jakarta, October 23, 2024    PT Bank Tabungan Negara (Persero) Tbk

Internalization of BTN Giro Products                           Jakarta, November 19, 2024   PT Bank Tabungan Negara (Persero) Tbk

Internalization of Sahabat Transformasi Episode 4              Jakarta, 06 Desember 2024    PT Bank Tabungan Negara (Persero) Tbk

Internalisasi Good Corporate Governance                        Jakarta, 13 Desember 2024    PT Bank Tabungan Negara (Persero) Tbk

Internalisasi Sistem Manajemen Kepatuhan BTN ISO
                                                               Jakarta, 13 Desember 2024    PT Bank Tabungan Negara (Persero) Tbk
37301:2021

Internalisasi Produk Kring BTN                                 Jakarta, 24 Desember 2024    PT Bank Tabungan Negara (Persero) Tbk




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                                                                                              Annual Report




Implementation of Corporate Secretary Duties                    Corporate Secretary also coordinates the submission
in 2024                                                         of explanations in response to any inquiries or requests
Throughout 2023, the Corporate Secretary has carried            from the Stock Exchange regarding news related to
out the following duties and responsibilities:                  the Company In accordance with Stock Exchange
1. Presentation of Capital Market Developments to the           Regulation No. I-E, a Listed Company is required to
   Board of Directors and Board of Commissioners,               provide a written response to inquiries from the Stock
   including the dissemination of information on the            Exchange no later than 1 (one) trading day after
   latest regulations and provisions in the capital             receiving a request for explanation, whether delivered
   market that the Company must comply with.                    by fax or other means of communication. Throughout
   Several new regulations that have been socialized            2024, the Company has received 4 (four) requests
   and internalized within the Company's internal               for explanations from the Stock Exchange and the
   regulations by the Corporate Secretary include:              Financial Services Authority (OJK). .
   a. Financial Services Authority Regulation No. 2          4. Increased Access to Information to the Public
       of 2024, dated March 6, 2024, concerning the             The Company always makes it easy for stakeholders
       Implementation of Sharia Governance for Sharia           and/ or the public (public) to access information
       Commercial Banks and Sharia Business Units.              and communicate with stakeholders using a one
   b. Financial Services Authority Regulation No. 30            door policy which is assisted in coordination by the
       of 2024, dated December 19, 2024, concerning             Corporate Secretary. The Company also improves
       Financial Conglomerates and Parent Companies             the quality of information delivery to the public by
       of Financial Conglomerates.                              providing Public Information Disclosure services on
   c. Financial Services Authority Regulation No. 45 of         the Company’s website, in order to fulfill the following
       2024, dated December 27, 2024, concerning the            provisions:
       Development and Strengthening of Issuers and             a. Law of the Republic of Indonesia no. 14 of 2008
       Public Companies.                                            dated 30 April 2008 concerning Openness of
2. Communication program to the capital market                      Public Information.
   community together with Investor Relations. The              b. Republic of Indonesia Government Regulation
   method used is as follows:                                       no. 61 of 2010 dated 23 August 2010 concerning
   a. Direct, through the General Meeting of                        Implementation of Law no. 14 of 2008 concerning
       Shareholders and Public Expose.                              Openness of Public Information.
   b. Indirect, through Annual Reports, Publication of          c. Information Commission Regulation no. 1 of 2010
       Financial Reports, and Press Releases.                       dated 7 June 2010 concerning Public Information
   c. Information Disclosure to, among others,                      Service Standards.
       shareholders, relevant regulators, and/or the            Apart from publications via the Company’s website,
       public.                                                  the public can also access information about the
3. Fulfillment of Information disclosure obligations as         Company through mass media, as well as social
   regulated, among others, in:                                 media consisting of Facebook, Twitter, YouTube
   a. OJK Regulation no. 8/ POJK.04/2015 dated 25               and Instagram which are managed jointly with the
       June 2015 concerning Issuer or Public Company            Marketing Communication Division.
       Websites,                                             5. Media Relations and Information Access
   b. OJK Regulation no. 31/ POJK.04/2015 dated                 The Corporate Secretary consistently strives to
       22 December 2015 concerning Disclosure of                maintain good relationships with mass media,
       Material Information or Facts by Issuers or Public       including electronic media (TV, radio), print media
       Companies,                                               (newspapers, magazines), and online media.
   c. Decree of the Board of Directors of the Indonesian        Throughout 2024, the Corporate Secretary has
       Stock Exchange No. Kep-00066/BEI/09-2022                 issued press releases and photo news that hold
       Concerning      Amendments        to    Regulation       news value for the Company, covering business
       Number I-E Concerning the Obligation to Submit           performance developments, Corporate Social and
       Information.                                             Environmental Responsibility (TJSL), and operational
   Throughout 2024, the Corporate Secretary has                 updates. A total of approximately 195 (one hundred
   submitted 14 (fourteen) disclosure reports to the            ninety-five) news reports were published, consisting
   Financial Services Authority (OJK) and the Stock             of 107 (one hundred seven) press releases and 88
   Exchange. All reports were submitted within the              (eighty-eight) photo news reports. .
   required timeframe, which is no later than the second     6. Organizing General Meeting of Shareholders
   working day after a decision is made or the occurrence       (GMS) The Corporate Secretary coordinates the
   of material information or facts that may affect the         organization of the Company's General Meeting of
   company's securities value or investors' investment          Shareholders (GMS) by referring to OJK Regulation
   decisions. In addition to these disclosure reports, the      No. 15/ POJK.04/2020 dated 20 April 2020 concerning



                                                                        PT Bank Tabungan Negara (Persero) Tbk     641
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                                                                             Corporate
                                                                             Governance




     Plans and Implementation of the General Meeting                                             of Commissioners run in accordance with
     of Shareholders of Public Companies. In 2024,                                               applicable regulations.
     the Company held one General Meeting of                                                 c. Prepare minutes signed by the Directors who
     Shareholders (GMS), specifically the Annual GMS                                             attend the Directors’ Meeting and the Directors’
     on March 6, 2024. All GMS procedures were carried                                           Meeting with the Board of Commissioners
     out in accordance with the above-mentioned                                                  initiated by the Directors.
     Financial Services Authority Regulation (POJK) and                                      d. Administering minutes of Directors’ Meetings.
     the Company's Articles of Association, including                                            Convey the decisions of the Board of Directors
     notifications, announcements, invitations, as well as                                       Meeting and the Board of Directors Meeting
     the submission of minutes and meeting reports..                                             with the Board of Commissioners to the relevant
7.   Organizing and Documenting Directors' Meetings and                                          Division/Desk/work unit for immediate follow-up.
     Directors' Meetings with the Board of Commissioners,                                    Throughout 2024, the Corporate Secretary has
     including;                                                                              coordinated the organization of 205 (two hundred
     a. Receive proposed agendas and materials that                                          five) Board of Directors meetings, 8 (eight) Board
         will be decided at Board of Directors Meetings                                      of Commissioners meetings inviting the Board of
         and Board of Directors Meetings with the Board of                                   Directors, and 6 (six) Board of Directors meetings
         Commissioners from other Divisions/Desk/work                                        inviting the Board of Commissioners.
         units.                                                                           8. An orientation program was conducted for the
     b. Ensure that the delivery of materials, quorum and                                    newly appointed Board of Directors and Board of
         decision making at Board of Directors Meetings                                      Commissioners members, namely Mr. Muhammad
         and Board of Directors Meetings with the Board                                      Iqbal, Mr. Bambang Widjanarko, and Mrs. Adi
                                                                                             Sulistyowati.




IMPLEMENTATION OF THE DUTIES OF THE CORPORATE SECRETARY AS INFORMATION AND DOCUMENTATION
MANAGEMENT OFFICER (PPID)


Standard Operating Procedure for Public Information Disclosure (SOP KIP)
BTN’s Standard Operating Procedure for Public Information Disclosure (SOP KIP) is comprehensively compiled in
the Technical Instructions of PT Bank Tabungan Negara (Persero) Tbk Number PT.9-AD.1 concerning Submission of
Information to the Public.

             Flow of Information Request                                                               Flow of Information Request Objection Progress




                                                                                                 The applicant        PPID provides a         PPID superiors
          Application         PPID provides a registration      PPID checks                   submitted a written   registration number     provided a written
      to submit a written     number and records it in the    completeness of                   objection to the     and record it in the       response
            request                  register book           documents (3 days)                  PPID superior         register book        (30 working days)




                                      The applicant
     The documents are               completes the               The document is
          complete                     documents                                                  Approve                                    Refusal must include
                                                                   incomplete
                                    (3 working days)                                                                                            an information
                                                                                                                                              exception decision
                                                                                                                                                     letter
                                                                                                   Done
                                    The applicant did
                                    not complete teh
                                        Documen
     Written notification           (3 working days)
 (10 working days) + can be                                         Certificate
          extended                                                 Incomplete
      (7 working days)




         Accepted                       Rejected




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                                                                                                    Annual Report




Management System of Public Information Administration
Implementing Public Information services that include the process of storing, documenting, providing, and servicing
the Company’s Public Information is the scope of responsibility of the BTN PPID. The close support of technology for
the management of Public Information administration is reflected in the form of administrative processes ranging
from registration, information requests, written notifications, filing objections to management reports that have been
digitally integrated through the BTN PPID Portal. The BTN PPID Portal can be accessed and navigated by the Public
easily and free of charge.




Facilities and Infrastructure
Public Information Service Room is prepared for the public who come directly to the office (face-to-face) in order to
obtain Public Information at BTN offices throughout Indonesia. The Company provides supporting service facilities
such as service desks, waiting rooms, digital information boards, and services for people with disabilities such as
wheelchair ramps. The public will be served by Public Information Service Officers at Branch Offices and PPID Officers
at the Head Office. Especially for people with disabilities, they will also be assisted in accessing the BTN PPID Portal
through the facilities provided. In addition, the BTN PPID Portal is equipped with sound, color settings, letters, and others.
Through official social media such as Instagram, X, Youtube, Facebook, TikTok, and so on. The Company presents the
latest Public Information that is easily accessible to the public.


Accessibility
Requests for information by the public can be submitted through open access for the public provided by the Company.
1. The public can come directly to the Public Information Service Room, BTN Tower 2, 30th Floor, Jalan H.R. Rasuna Said
   Number 1, South Jakarta, or to the nearest Branch Office in the area where the information is being used.
2. Information can also be requested by letter sent to the PPID Head Office and/or the nearest Branch Office.
3. If it is requested via e-mail, it can be sent to csd@btn.co.id.
4. For those who find it easier to communicate by telephone, they can contact the PPID Head Office at 021-6336789
   Ext. 2003.
5. Information request can also be sent via the Whatsapp application to 0877-7150-0286.
6. Other information channels that are currently very easy to access are also monitored for follow-up, namely the BTN
   PPID Portal https://ppid.btn.co.id. and/or via the BTN PPID android application which can be downloaded via the
   smartphone of the information user.




                                                                            PT Bank Tabungan Negara (Persero) Tbk      643
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                                                         Corporate
                                                         Governance




Human Resources                                                         Budget
In accordance with the organizational structure of PPID                 The Company provides a number of budgets to support
BTN, human resources (HR) at the Head Office and Branch                 Public Information service activities. In 2024, a budget
Offices of the Company throughout Indonesia have                        of IDR468,000,000 (Four hundred and sixty eight million
been mapped well, who are also organic employees of                     rupiah) was provided, which was used to support Public
the Company. In this regard, the HR of PPID BTN Head                    Information Service Room facilities, Public Information
Office consists of 3 (three) BTN employees with a public                Disclosure meeting/socialization activities, making
relations background, while the HR of PPID BTN Branch                   communication materials such as Public Information
Office consists of a minimum of 3 (three) BTN employees                 service videos, and supporting activities held together
who are Heads of Branch Offices and Customer Service                    with the Information Commission of the Republic of
of the Company. To support the implementation of the                    Indonesia to increase public awareness of Public
responsibilities and duties of each unit, PPID HR receives              Information Disclosure and its implementation in the
online learning, socialization, and internalization of Public           Company.
Information Disclosure organized by PPID Head Office..
                                                                        Recapitulation of Public Information Services 2024
BTN PPID Portal and BTN PPID Mobile Apps                                There were 22 (twenty-two) requests for Public
As the mission of BTN PPID is to provide Public Information             Information to the Company that have been fully
and services through digital innovation, the Company                    summarized, both those requested online (BTN PPID
is continuously improving the function of the BTN PPID                  Portal, BTN PPID Mobile Apps, and e-mail) and offline
Portal. In 2024, the BTN PPID Mobile Apps were launched                 (letters and coming directly to the office).
which make it easier for the Public to access Public
Information related to the Company. In addition, the
BTN PPID Portal has been integrated with the corporate
Website so that the Public can visit and navigate all
needs through one digital channel.




                                                                  Information
                                      Time of
       Applicant       Amount       Providing                                                        Reason for Rejection
                                                                      Partially     Partially
                                   Information        Rejected
                                                                       Given         Given

    Individual            20            10               4               12             4       Incomplete Application Data

    Legal Entity           1            10               1                -             -       Documents are incomplete

    Group of People        1            10               1                -             -       Documents are incomplete




In 2024, there were several requests for information that               Obstacles in the Implementation of Public Information
were provided partly because the information requested                  Services
was information that was not directly controlled by the                 There were several obstacles in the implementation of
PPID, such as related to banking services and required                  Public Information Services during 2024. These obstacles
confirmation of the applicant’s personal data to access                 arose from both Internal and External parties of the
the information in question. Therefore, we directed most                Company. Along with the current development of Public
of these Individual applicants to access the Company’s                  Information Disclosure, the obstacles that occured also
banking service channels.                                               involved the convenience of applicants in obtaining
                                                                        public information face-to-face at the Branch Office.
The average service time required to fulfill the Public                 Applicants who came directly to the Branch Office
Information request is 10 days. After the recapitulation,               met with the Public Information Service Officer in the
it can be concluded that all applicants submitted                       Customer Service work area, but not all of the Company’s
Public Information Requests through the BTN PPID Portal.                Branch Offices have a layout with a digital banking
Furthermore, there were no submissions or resolutions of                hall format so that there is no similarity in comfort for
Public Information disputes during 2024                                 applicants who come directly to the office. Then, from
                                                                        the external side, there were still some information
.                                                                       applicants who made requests for information that the




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                                                                                                Annual Report




Company conveyed either directly face-to-face or via           of the problem about areas with high-risk, emphasizing
social media and other electronics such as the BTN PPID        findings on quality, and recommending practical and
Portal and the BTN PPID mobile application. However,           workable solutions.
this is the obligation of the service officer to continue to
provide information so that the applicant can be well-         The Position of the Internal Audit Function in the
literate.                                                      Organizational Structure

Recommendations and Follow-up Plans for Public                 The position of the Internal Audit Division (IAD) as the
Information Services                                           executor of the internal audit function is under the
From the implementation of Public Information services         supervision of the President Director as stipulated in
in 2024, the Company has several recommendations               Technical Instruction No.PT.3-A.6 dated September 14,
and follow-up plans that can improve and support the           2023 as last amended on September 2, 2024 concerning
performance of public information services in 2025,            the Organizational Structure of the Head Office, Regional
including:                                                     Offices, and Branch Offices. In addition, the position
1. The Company strives to improve the facilities               of the internal audit function is also explained in the
    and infrastructure of Public Information services,         Internal Audit Charter which is regulated in Special
    especially for people with disabilities. This optimal      Policy No.KK.7-A dated 27 April 2023 as last amended on
    effort is needed to provide an equal service               31 October 2023, in Chapter II Structure and Position of
    experience in all Branch Offices, namely by providing      the IAD, namely:
    a comfortable Public Information Service space that        1. Point 1 states that the Internal Audit Division (IAD)
    is integrated with digital services.                           is an Internal Audit Work Unit (SKAI) in the Bank
2. Continuously carry out the development and                      organization whose position is directly under the
    improvement of the functions of the BTN PPID Portal            President Director.
    and the BTN PPID mobile application as well as             2. Point 2 states that the IAD as referred to in point 1 is
    socialization to the public regarding the Company’s            led by a Division Head who is directly responsible to
    digital information services.                                  the Main Director.
3. Prioritize socialization and/or training related to         3. Point 3 states that the Head of IAD as referred
    Public Information Disclosure to Public Information            to in point 2 is appointed and dismissed by the
    Service officers at Branch Offices throughout                  President Director after obtaining approval from
    Indonesia.                                                     the Board of Commissioners by considering the
4. Actively participate in various activities that have            recommendations of the Audit Committee and
    elements of Public Information Disclosure, both those          reporting to the Financial Services Authority.
    organized by the Company and other authorized
    institutions.                                              The Parties Entitled to Appoint and Terminate
5. Respond quickly to updating internal regulations            the Head of Internal Audit Vision
    to comply with regulatory provisions on Public
    Information Disclosure which aims to provide the best      Parties involved in the process of appointing or
    Public Information services for the Indonesian people.     dismissing the Head of the Internal Audit Division are
                                                               the President Director, the Board of Commissioners,
The Function of the Internal Audit Division                    and the Financial Services Authority as regulators. The
                                                               process of appointing or dismissing which describes
The internal audit functions as a strategic business           the involvement of the several parties referred to is as
partner for the management in optimizing the                   follows:
implementation of the Company’s Good Corporate                 1. The Director conducts a fit and proper test on
Governance, risk management, and providing assurance               candidates for the Head of the Internal Audit Division.
and recommendation independently and objectively               2. The President Director submits a request for approval
on the Company’s internal control. The internal audit              for the appointment/dismissal of the Head of the
function is carried out by the Internal Audit Division (IAD)       Internal Audit Division to the Board of Commissioners.
through an evaluation process based on the objective           3. The Board of Commissioners approves or disapproves
risk-based audits and consulting services, especially              of the appointment/dismissal of the Head of the
those concerning the improvement and refinement of                 Internal Audit Division.
risk management, control, and governance processes.            4. The Board of Commissioners and the Board of
This function is carried out through proactive,                    Directors submit reports on the appointment/
enthusiastic, and dynamic approach by conducting                   dismissal of the head of the Internal Audit Division to
effective communications, and focusing on business                 the Financial Services Authority as the regulator
and stakeholder’s orientation, understanding the root          .




                                                                         PT Bank Tabungan Negara (Persero) Tbk     645
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Internal Audit Division Organizational Structure




                                                      Board of Director




      L1                                                Internal Audit



                        Secretary                                                               Deputy Internal
                                                                                                    Audit




                                                      Fraud Investigation                        Audit Planning,       Reporting,
                                                                              Quality
      L2          General Audit       IT Audit         & Whistleblowing
                                                                             Assurance
                                                                                              System Development     Counterparty &
                                                           system                                   & Policy       Documentation Audit



                     General                             Whistleblowing         Quality          Audit Planning        External Audit
                   Conventional       ICT Audit             System             Assurance           & System              Reporting
                      Audit                               Coordinator        Internal Audit      Development           Monitoring &
                                                                                                                       Counterparty


                                                              Fraud             Quality            Audit Policy        Internal Audit
                      General
      L3            Sharia Audit
                                                          Investigation       Assurance           & Procedure            Reporting,
                                                                                                                        Monitoring &
                                                              Audit            ISO Audit          Development
                                                                                                                      Documentation
                                                                                                                           Audit

                   Ikhtisar Lintas
                    Divisi & Root                                                                Data Analytics
                   Cause Analyst




The Profile of The Head of Internal Audit
                                                  Educational Background
                                                  • Diploma (D3) of Accounting from State College of Accountancy (1995)
                                                  • Bachelor degree (S1) of Accounting from Indonesia University (1998)
                                                  • Master (S2) of Accounting from The University of Queensland, Australia (2003)


                                                  Certification
                                                  • Certified Internal Audit Executive (CIAE)
                                                  • Qualified Internal Auditor (QIA)
                                                  • Risk Management Competency Level 4 (Stage 6) – Banking Professional
                                                    Certification Institute


                                                  Work Experience
                                                  • Auditor/Investigator, Indonesian Audit Board (1995-2010)
                                                  • Fraud Risk Management Division Head, Bank Permata Tbk (2011-2020)
                                                  • Post Mortem & Forensic Audit (Special Audit) Division Head, Bank Exim Indonesia
                                                    (2020-2021)
                                                  • Internal Audit Division Head, BTN (2021- present)

Hendratno Tri Wibowo
                                                  Legal Basis for Appointment
Internal Audit Division Head                      • Board of Directors Decree No. 642/DIR/2021 July 26, 2021 concerning the Head of
                                                    the Internal Audit Work Unit of PT Bank Tabungan Negara (Persero) Tbk.
Indonesia citizen,
                                                  • Letter of the Board of Commissioners of PT Bank Tabungan Negara No.60/KOM/
Surakarta, May 24, 1974
                                                    BTN/V/2021 dated May 05, 2021 regarding Approval of the Proposed Appointment
50 years old as of December 2024,
                                                    of the Head of the Internal Audit Division/Head of the Internal Audit Work Unit
domiciled South Tangerang.
                                                    (IAWU).




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Internal Audit Charter                                         4. Provide suggestions for improvement and objective
                                                                  information about the activities examined at all
The Internal Audit Division has been equipped with a Work         levels of management.
Guide called the Internal Audit Charter which has been         5. Prepare and implement the Annual Internal Audit
prepared since 2002 and then updated and finalized                plan and budget allocation for implementing the
based on Special Policy No.KK.7-A dated 27 April 2023 as          internal audit function
last amended on 31 October 2023 regarding the Internal         6. Test and evaluate the effectiveness of the
Audit Charter. The Internal Audit Charter is also the basis       implementation of the internal control system, risk
for the existence and the implementation of supervisory           management and corporate governance processes
duties and responsibilities for IAD. Therefore, the Internal      in accordance with statutory regulations and the
Audit Charter is disseminated to all employees and                Company policies.
other related parties to encourage the effectiveness of        7. To carry out inspections and assessments on
the implementation of the internal audit function. The            the efficiency and effectiveness in the fields of
contents of the Internal Audit Charter are as follows:            finance, accounting, operations, human resources,
1. Internal Audit Division Mission;                               marketing, information technology, and other
2. Structure and Position of the Internal Audit Division          activities;
3. Scope;                                                      8. To compile an audit report and submit the
4. Duties, Responsibilities, and Authorities;                     report to the President Director and the Board of
5. Independence, Objectivity and Prohibition of                   Commissioners;
    Duplication of Duties and Positions of Internal            9. To control, analyze, and report the implementation of
    Auditors;                                                      followup improvements that have been suggested;
6. Code of Ethics and Requirements for Internal Auditors       10. To cooperate with the Audit Committee;
7. Use of External Party Services in Carrying Out Internal     11. To develop a program to evaluate the quality of the
    Audits;                                                        internal audit activities;
8. Relationship between the Internal Audit Division and        12. To carry out special inspections (audits) if necessary.
    External Auditors or Legal Experts;
9. Others.                                                     The Authorities of the Internal Audit Division

Duties and Responsibilities of the Internal Audit              To be able to carry out audit missions, functions and
Division                                                       tasks, the IAD has at least the following authorities:
                                                               1. Access all information, data including but not limited
IntThe Internal Audit Division assists the duties of the          to employee data and resources as well as other
President Director and the Board of Commissioners                 matters deemed necessary related to their duties
as well as all levels of management in ensuring the               and functions.
adequacy of the Company’s internal control system and          2. Communicate directly with the Board of Directors,
providing strategic and constructive suggestions for the          Board of Commissioners, Audit Committee and/or
management of the Company within the framework of                 Sharia Supervisory Board as well as members of the
implementing good and healthy corporate governance                Board of Directors, Board of Commissioners, Audit
with the following tasks:                                         Committee and/or Sharia Supervisory Board.
1. To assist the duties of the President Director              3. Hold regular and incidental meetings with the
    and the Board of Commissioners in carrying out                Board of Directors, Board of Commissioners, Audit
    supervision by elaborating operationally in planning,         Committee and/or Sharia Supervisory Board in
    implementing, and monitoring audit results.                   connection with the implementation of their duties
2. To make analysis and assessments in the terms of               and functions.
    finance, accounting, operations, and other activities      4. Coordinate its activities with the activities of the
    through onsite audits and off-site monitoring,                external auditors.
    including conducting management audits of all the          5. Participate in strategic meetings.
    Company’s work units;
3. To identify all possibilities to improve and increase
    the efficiency of the use of resources and funds.




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Personnel Composition of the Internal Audit Division

The Company is very concerned about the adequacy of the Internal Audit Division personnel composition in supporting
the implementation of its duties, both in terms of the number of job qualifications and competencies. The Internal
Audit Division personnel as of December 2024 are 74 (seventy-four) people led by 1 (one) Division Head and assisted
by 1 (one) Secretary, 1 (one) Deputy Division Head, 36 (thirty-six) people in the General Audit Department, 9 (nine)
people in the IT Audit Department, 6 (six) people in the Fraud Investigation & Whistleblowing System Department,
7 (seven) people in the Quality Assurance Department, 6 (six) people in the Audit Planning, System Development &
Policy Department, and 7 (seven) people in the Reporting, Counterparty & Documentation Audit Department.


     The following is the composition of the Internal Audit Division personnel based on education:

    25


                                                                                              20 20
    20


    15


                                                                                                                                                                                                                                                                                                           10 11
    10
                                                                                                                                                                                  8
                                                                                                                                                                                                                                                                                                                                                                                                                        7 6
                                                                                                                                 6                          6                             6
                                                                                                                                              5                                                                                                                                                  5                                                                        5 5
     5                                                                                                                                                          4

         1                 1      1                                       3 4                                  1                                                     1     1                       1       1        1                 1                   1      1       1       1
                                                                                                                                                                                                                                                                                          3
                                                                                                                                                                                                                                                                                                                                            1                1                                      1         1                                   1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                     2

     0
         Diploma in Management

                                 Diploma in Information Technology (IT)


                                                                          S1 Administration

                                                                                               S1 Accounting

                                                                                                               S1 Architecture

                                                                                                                                 S1 Development Economics

                                                                                                                                                            S1 Law

                                                                                                                                                                     S1 Finance

                                                                                                                                                                                   S1 Management

                                                                                                                                                                                                   S1 Mathematics

                                                                                                                                                                                                                    S1 Oceanography

                                                                                                                                                                                                                                      S1 Sharia Banking

                                                                                                                                                                                                                                                          S1 Fisheries

                                                                                                                                                                                                                                                                         S1 Agriculture

                                                                                                                                                                                                                                                                                          S1 Engineering

                                                                                                                                                                                                                                                                                                            S1 IT and Information Systems

                                                                                                                                                                                                                                                                                                                                            Master of Islamic Economics

                                                                                                                                                                                                                                                                                                                                                                          S2 Master of Accounting

                                                                                                                                                                                                                                                                                                                                                                                                    S2 Master of Laws

                                                                                                                                                                                                                                                                                                                                                                                                                        S2 Master of Management

                                                                                                                                                                                                                                                                                                                                                                                                                                                  Master of IT and Computer Science
                                                                                                                                                                                  2023                                  2024




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Internal Audit Division Competency Improvement Program

Each IAD member is facilitated and encouraged to develop their competence in supporting the implementation of
the internal audit function. Competency development is carried out by means of knowledge sharing between the
Head of IAD, Directors, and auditors on Internal Policies and Procedures, certification programs, education and training,
workshops and seminars. Until December 2024, competency development that has been carried out in the form of
internal and external training includes the following:


Internal Audit Division Personnel Competency Development Table

            Name of Training/                                                                                              Total
 No.                                              Facilitator                    Implementation
               Education                                                                                                Participant

 Certification

       Training on Certified                                          January 09-13, 2024 (Provision)                        2
  1.   Documentary Credit Specialist     Bank BTN
       (CDCS) Certification                                           January 20 – May 4 2024 (Tutorial)                     1

                                                                      January 22 - February 03, 2024 (Batch 1)              4
       Training on Qualified Internal
                                         Internal Audit Education     September 02 - September 14, 2024 (Batch
  2.   Auditor (QIA) Certification –                                                                                        3
                                         Foundation (YPIA)            2)
       Basic
                                                                      October 14 - October 26, 2024 (Batch 3)               3

       Training on Qualified Internal                                 January 22 - February 03, 2024 (Batch 1)               1
                                         Internal Audit Education
  3.   Auditor (QIA) Certification –
                                         Foundation (YPIA)
       Advanced                                                       February 19 - March 02, 2024 (Batch 2)                5

       Training on Qualified Internal
                                         Internal Audit Education
  4.   Auditor (QIA) Certification –                                  February 05 - February 16, 2024                       14
                                         Foundation (YPIA)
       Managerial

                                                                      August 01 - August 02, 2024,
                                                                                                                            5
                                                                      August 20, 2024 (Batch 10)
       Training on Banking Risk
                                                                      August 22 - August 23, 2024,
  5.   Management Certification KKNI     BTN & LSP LSPP                                                                      1
                                                                      September 02, 2024 (Batch 11)
       Level 4
                                                                      September 02 - September 03,
                                                                                                                             1
                                                                      2024, September 13, 2024 (Batch 12)

       Training on Certified Forensic    Fraud Auditing Development
  6.                                                                  October 16 – October 18, 2024                          2
       Auditor (CFrA) Certification      Institute (LPFA)

 Training and Workshops

       Training on BTN Business
  1.                                     Bank BTN                     January 08 - Januari 19, 2024                         78
       Process Refreshment

  2.   Training on Cloud Computing       PT Cynnex Integrasi Solusi   January 22 - February 03, 2024 (Batch 1)               7

       Coaching & Strategic Business
  3.                                     Bank BTN                     January 13, 2024                                       1
       Leaders Training

       Training on SDLC Through
  4.                                     PT Cynnex Integrasi Solusi   January 15 - 18, 2024                                  7
       DevSecOps

       Training on Data & Information
  5.                                     PT Cynnex Integrasi Solusi   January 29 - 31, 2024                                 6
       Security Management

                                         Corporate Innovation Asia
  6.   Training on Design Thinking T                                  January 22, 2024                                      70
                                         (CIAS)

                                                                      January 23, 2024 (Batch 1)                            35
       Training on Effective Audit       Narabahasa (PT Wahana
  7.
       Report Preparation                Mega Cita)
                                                                      January 24, 2024 (Batch 2)                            35

       Internal Control Over Financial   Indonesian Institute of
  8.                                                                  January 25, 2024                                      70
       Reporting (ICOFR) Training        Accountants (IAI)




                                                                             PT Bank Tabungan Negara (Persero) Tbk               649
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                                                          Corporate
                                                          Governance




            Name of Training/                                                                                   Total
No.                                                  Facilitator                          Implementation
               Education                                                                                     Participant

       Competency Enhancement
 9.                                         Bank BTN                         January 27, 2024                     1
       Program for BOD-1

       Training on the Procurement of       Financial and Development
10.                                                                          January 29, 2024                    15
       Goods and Services Audit             Supervisory Agency (BPKP)

                                            Alta Perfecto Training &
 11.   Training on Trade Finance Audit                                       January 30 – 31, 2024               12
                                            Consulting

                                            KH Ridwan Muhammad
 12.   Training on Character Building                                        February 01, 2024                    1
                                            Yusuf

                                            Financial and Development
 13.   Training on ESG Audit                                                 February 02, 2024                   65
                                            Supervisory Agency (BPKP)

       Workshop on Internal Audit
                                            Internal Audit Education
14.    Professional Standards and                                            February 05 – 06, 2024              24
                                            Foundation (YPIA)
       Code of Ethics

       Training on Audit and Sampling
15.                                         KPMG                             February 13, 2024                   50
       Technique

                                            Bank BTN
       Expert Talk Session "Crafting
                                            Source person: Deputy
16.    Executive Savvy in Global                                             February 21, 2024                    1
                                            Minister of Foreign Affairs of
       Business Mindset"
                                            the Republic of Indonesia

       Training on Digital Bank             Intellectual Business
 17.                                                                         February 22, 2024                    2
       Maturity Level Assessment            Community

                                            Bank Internal Audit
18.    Training on Treasury Audit                                            February 24, 2024                   15
                                            Association (IAIB)

       FKDKP Webinar "Handling
                                            Forum Komunikasi Direktur
       of Banking Crimes with the
 19.                                        Kepatuhan Perbankan              February 29, 2024                    2
       Enactment of the P2SK Law and
                                            (FKDKP)
       OJK regulation No. 16 of 2023"

       Coaching & Strategic Business
20.                                         BTN                              March 09, 2024                       1
       Leaders Training

       Training on Risk Maturity Index      PT Pendidikan Maritim dan
 21.                                                                         March 08, 2024                      3
       (RMI) Assessor                       Logistik Indonesia

       OJK Webinar "Idea Talks Volume
       4: SJK Development Strategy          The Financial Service
22.                                                                          March 13, 2024                       1
       Through Strengthening Islamic        Authority (OJK)
       Banking and Market Conduct"

       OJK Webinar "Opportunities
                                            The Financial Service
23.    and Challenges of Digital                                             March 14, 2024                       1
                                            Authority (OJK)
       Assets in Indonesia"

       Performing an Effective Quality      The Institute of Internal
24.                                                                          March 20 – 21, 2024                  2
       Assessment                           Auditors (IIA)

       Training on Merger Preparation,
       Acquisition, and Integration:
25.                                         PT RSM Indonesia                 March 27 – 28, 2024                  2
       Journey Towards a Seamless
       Transition

                                                                             April 19 – 24, 2024 (Batch 1)        1
       Classical Training 1 of BTN Talent
26.                                         BTN
       Development Program
                                                                             May 02 – 07, 2024 (Batch 2)          1

       Workshop on BTN Leadership
       "Leading Transformation from
       Strategy to Organizational
27.    Success" BTN Leadership              BTN                              May 03, 2024                         1
       Workshop "Leading
       Transformation from Strategy to
       Organizational Success"




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           Name of Training/                                                                                           Total
No.                                              Facilitator                       Implementation
              Education                                                                                             Participant

28.   Training of ISO 37001:2016 SMAP    Robere & Associates          May 06, 2024                                      3

      Training of ISO 9001
29.   Requirements and                   BSI Training Academy         May 06 – 08, 2024                                  2
      Implementation

      Training on the Implementation
      of Use of Domestic Products
30.   (P3DN) in the Procurement          PT Surveyor Indonesia        May 14 – 15, 2024                                  1
      Process of Goods and/or
      Services

      OJK Webinar "Credit Growth
                                         The Financial Service
31.   Opportunities After the End of                                  May 22, 2024                                       2
                                         Authority (OJK)
      Credit Restructuring Policy”

      OJK Webinar "Opportunities
      and Challenges of Personal         The Financial Service
32.                                                                   May 30, 2024                                       2
      Data Protection in Transactions    Authority (OJK)
      in the Digital Era"

      OJK Webinar "Strengthening
                                         The Financial Service
33.   GRC Function: Dissemination of                                  June 07, 2024                                      2
                                         Authority (OJK)
      Latest Internal Audit Standards"

      Coaching & Strategic
34.   Business Leaders Training for      BTN                          June 08, 2024                                      1
      Department Heads

      Workshop on Strategy for
      Facing BPK Audits to Achieve/
                                         Lembaga Kajian Keuangan
35.   Maintain WTP Opinion on BUMN/                                   June 27 - 28, 2024                                 1
                                         Nasional (LKKN)
      BUMD Financial Reports in an
      Effort to Prevent Corruption

                                         Fraud Auditing Development
36.   Training on Fraud Auditing 1                                    July 02 – 05, 2024                                 2
                                         Institute (LPFA)

                                         Internal Audit Education
37.   Internal Audit Conference (KAI)                                 July 10 – 11, 2024                                5
                                         Foundation (YPIA)

      OJK Webinar "Improving
38.   Company Performance through        OJK Institute                July 25, 2024                                      2
      Artificial Intelligence"

                                         Fraud Auditing Development
39.   Training on Fraud Auditing 1                                    August 06 – 09, 2024                               1
                                         Institute (LPFA)

                                         Fraud Auditing Development
40.   Training on Fraud Auditing 2                                    August 13 – 16, 2024                               2
                                         Institute (LPFA)

      OJK Webinar "Building Spiritual-
      Based Leadership: A Holistic
41.                                      OJK Institute                August 22, 2024                                    2
      Approach to Business Growth
      and Sustainability"

      Training on Business
42.   Performance Through Effective      BTN                          August 24, 2024                                    1
      Coaching for Leaders

      National Anti Fraud Conference     Fraud Auditing Development
43.                                                                   September 05 – 06, 2024                            1
      (NAFC)                             Institute (LPFA)

      Training on Leadership
                                         Fraud Auditing Development
44.   Development "Performance                                        September 19 – 21, 2024                            1
                                         Institute (LPFA)
      Management Strategies"

      Training on Young Leaders Talks
45.   "Leading with Impact, Crafting     BTN                          September 26, 2024                                5
      Your Success Story"

46.   BOD Talks & Expert Session         BTN                          October 03, 2024                                  5

      OJK Webinar "Bank Cyber
47.                                      OJK Institute                November 07, 2024                                  2
      Security Book Review"




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Professional Certification of the Internal Audit Division

The number of Internal Audit Division personnel’s certification for the position of December 2024 is as follows:

      Number of Certifications

     90

     80       77

     70            67

     60                   57
                               54
     50

     40

     30

     20
                                      12
      10                                   7                                                                                                  6               5 5
                                                   2 2         4 4         3 3         2           3 3          2 2         3 2                      3
                                                                                           1
      0
               SMR




                           QIA




                                       CFRA




                                                   CA




                                                                CIAE




                                                                            CAFM




                                                                                        CFE




                                                                                                    CISA




                                                                                                                COF




                                                                                                                             ISO 37001:2016




                                                                                                                                              ISO 9001:2015




                                                                                                                                                              ITIL
                                                                   2023            2024

Description:
SMR (Risk Management Certification), QIA (Qualified Internal Auditor), CFrA (Certified Forensic Auditor), CA (Chartered Accountant), CIAE (Certified Internal
Audit Executive), CAFM (Certified Anti Fraud Manager), CFE (Certified Fraud Examiner), CISA (Certified Information System Auditor), COF (Certified Oxygen
Forensic), ISO 37001:2016 (Anti-Bribery Management System), ISO 9001:2015 (Quality Management System), ITIL Foundation Certificate in IT Service Management.




Participation in the Association of Internal Audit                                 2. The Institute of Internal Auditor (IIA) dan Association
Professions                                                                           Certified Fraud Examiner (ACFE) – Indonesia
                                                                                      Chapter
In order to broaden the insights and professional                                     Furthermore, internal audit members are also
development of Internal Auditors, the Internal Audit                                  encouraged to become members of The Institute of
Company Organization has participated by involving                                    Internal Auditors (IIA) and the Association Certified
its auditors in various internal audit professional                                   Fraud Examiner (ACFE)- Indonesia Chapter.
organizations, including as administrators, members,
and participation in the activities of internal audit                              Code of Conduct of the Auditors
professional associations as follows:
1. Organization of the Association of Bank Indonesia                               The Internal Audit Code of Conduct is the norms and
    Internal Auditors (IAIB                                                        principles regarding decency and appropriateness that
    In the context of developing and increasing insight,                           must be complied with and implemented by internal
    IAD Leaders and Auditors always participate in                                 auditors, which at least includes the internal audit
    benchmarking discussion forums and best practice                               code of conduct as stipulated by the internal audit
    development workshops organized by the IAIB forum.                             professional association, as follows:
    The workshop and benchmarking materials in this                                1. Integrity
    IAIB forum include managerial level material on the                                a. To perform their duties honestly, carefully,
    management of the Internal Audit function for Chief                                   responsibly, and thoroughly.
    Auditor Executive (CAE) leaders as well as for the                                 b. To comply with the law and make disclosures in
    Auditor level in the form of audit techniques, audit                                  accordance with statutory regulations and the
    methodology and ICT audits which are held through                                     profession.
    discussion forums and workshops with Auditors of                                   c. To not intentionally/knowingly engage in
    other banks who are members of the IAIB.                                              prohibited/ illegal activities, do not take actions
                                                                                          that could undermine the credibility of the Internal
                                                                                          Audit and the internal audit profession.
                                                                                       d. To respect and support the organization's
                                                                                          legitimate and ethical goals.


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2.    Objectivity                                                     3. Confidentiality
      a. Not involved in activities or have a relationship that          a. To be careful in using and maintaining the
         will reasonably be expected to hinder the Internal                 information obtained in the performance of duties.
         Auditor's fair assessment. This includes any activities         b. To not use information for the benefit of anyone
         or relationships that result in a conflict of interest.            and/or in any way that would be against the laws
      b. To not accept anything that has an impact or                       and/or the Company’s regulations.
         is suspected to have an impact on professional               4. Competency
         judgment.                                                       a. To carry out tasks in accordance with the
      c. Must disclose all material facts known to him,                     knowledge, skills, and experience only.
         which if not disclosed could distort the report on              b. To carry out audits in accordance with Internal
         the activities being reviewed.                                     Audit Professional Standards.
                                                                         c. To improve expertise, effectiveness, and quality
                                                                            continuously.




Brief Report on the Implementation of Internal Audit Activities In 2024

In 2024, the Internal Audit Division (IAD) has prepared an audit work plan or program and carried out audit activities
in accordance with the plans that have been prepared. The work program plan includes the nature and scope of the
audit, risk assessment, composition and number of the audit team personnel, standard effective of audit work days,
length of standard audit days, required number of personnel and qualifications for IAD members, and IAD personnel
development.


INTERNAL AUDIT WORK PLAN


The Internal Audit Division Work Plan is outlined in the Annual Audit Plan book with a work period of 1 year. The Annual
Audit Work Plan for the Internal Audit Division (IAD) for 2024 has been submitted to the President Director based on IAD
memo No.04/M/IAD/APSP/I/2024 dated January 16, 2024 concerning the Proposal for the Annual Audit Plan for 2024
and has been approved and signed by the President Director. In addition, in accordance with POJK regulation Number
1/POJK.03/2019 concerning the Implementation of Internal Audit Functions in Commercial Banks, the Annual Audit Work
Plan has also obtained approval from the Board of Commissioners based on the Board of Commissioners' letter No.
36/KOM/BTN/II/2024 dated February 28, 2024. The 2024 audit work plan in general is as follows:


Table of the Internal Audit’s Work Plan

                                             Amount                Change
              Audit Object                                                                       Information
                                          2024      2023     +/-        %

 A.      General Audit                      72        69       3       4.35

 B.      Audit ICT                          18        18       0       0.00

 C.      Special Audit                                                         There is no scheduled planning for the
                                                                               implementation of special audits/investigations
                                             0         0       0       0.00
                                                                               in 2024, will follow assignments from stakeholders
                                                                               and the whistleblowing system.

 D.      ISO Standard Audit
                                            31        27       4       14.81


 Number of Audit Objects                    121      114




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IMPLEMENTATION OF THE INTERNAL AUDIT DIVISION                        B. Information and Communication Technology (ICT)
WORK PROGRAM                                                            audit which includes:
                                                                        1. Thematic Audits conducted based on certain
During the period January to December 2024, the                             themes in the scope of ICT management
Internal Audit Division carried out audit activities with                   including Loan Origination Consumer application,
audit objects which include:                                                Cash Management System applications, and
A. General audit which includes:                                            Cloud System Environment.
    1. Operational audit of office networks (KC, Sharia                 2. Mandatory audits are based on provisions issued
       KC and Regional Office).                                             by the regulator.
    2. Thematic audits carried out based on certain                  C. Special Audits for suspected fraud or certain
       themes include Credit Management, Collection of                  purposes.
       Third-Party Funds, Human Capital, Procurement                 D. Internal Quality Audit (AMI) ISO certification for
       of Goods and/or Services, and Treasury.                          work units that have been certified to ISO 9001:2015
    3. Mandatory audits are based on provisions issued                  (Quality Management Standards), ISO 37001:2016
       by the regulator.                                                (Anti-Bribery Management System, ISO 37301:2021
                                                                        (Compliance Management System).



The following are details of the audit implementation during the period January to Desember 2024:


Table of Realization of the Internal Audit Work Program

                                                                                                                   %
 No.                                     Description                                  Target    Realization
                                                                                                              Achievement

 A.          General Audit                                                               72           72          100.00%

 B.          Information & Communication Technology Audit                                 18          19          105.56%

 C.          Special Audit                                                                0          20           100.00%

 D.          Audit Standar ISO                                                            31          37          119.35%

             TOTAL                                                                       121         148          122.31%




Audit activities during the period of January to December 2024 resulted in 659 audit findings as presented in the
following graph of audit findings for the last 5 (five) years:


        Total Findings

      3500            3237


      3000                                  2817


      2500


      2000
                                                                    1588
      1500

                                                                                         1027
      1000
                                                                                                               659
      500


        0

                     2020                  2021                     2022                2023                   2024




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MONITORING THE AUDIT RESULTS FOLLOW-UP


Follow-up on audit findings is carried out by the auditee. The results of the follow-up implementation are reported to
the Head of IAD and then evaluated to see whether the follow-up is in accordance with the intended purpose. Follow-
up that has been completed will be declared “completely followed-up” and informed to the auditee and the Board of
Directors. As for follow-ups that have not been completed and are still in “pending item” status, the auditee is asked
to complete them with the necessary explanation and will be reported by the Head of IAD to the Board of Directors.
Throughout 2023, follow-ups on audit findings have been carried out from the audit results for 2021, 2022 and 2023 with
a resume of audit follow-ups presented in the following table:


Table of Follow-Ups of the Audit Results Based on Due Date for Completion

                                                       Completed               Not yet due
                                                                                                    % The Completion
                                            Total
 No.             Audit Results                                             Not yet                   of readiness of
                                          findings   Total       %                        due
                                                                            due                          Findings


   1                    2                    3        4        5=4/3           6           7              8=4/(4+7)

   I.    INTERNAL AUDIT DIVISION

  I.1.   YEAR 2024

 General Audit of branch office             358       338       94.41%         20          0                    100.00%

         General Audit of Sharia branch       87       54       62.07%         33          0                    100.00%
         office

         General Audit Division and          133       47       35.34%        86           0                    100.00%
         Regional office

         ICT Audit                            81       46       56.79%         35          0                    100.00%

         Sub Total                          659       485       73.60%        174          0                    100.00%

 I.2.    YEAR 2023

         General Audit of branch office     558       558      100.00%          0          0                    100.00%

         General Audit of Sharia branch      169       169     100.00%          0          0                    100.00%
         office

         General Audit Division and          162       162     100.00%          0          0                    100.00%
         Regional office

         ICT Audit                           138       138     100.00%          0          0                    100.00%

         Sub Total                          1027      1027     100.00%          0          0                    100.00%

 I.3.    TAHUN 2022

         General Audit of branch office     908       908      100.00%          0          0                    100.00%

         General Audit of Sharia branch      217       217     100.00%          0          0                    100.00%
         office

         General Audit Division and          337      337      100.00%          0          0                    100.00%
         Regional office

         ICT Audit                           134       134     100.00%          0          0                    100.00%

         Sub Total                          1596      1596     100.00%          0          0                    100.00%

 I.4.    TAHUN 2021

         General Audit of branch office     1674      1674     100.00%          0          0                    100.00%

         General Audit of Sharia branch      452      452      100.00%          0          0                    100.00%
         office

         General Audit Division and          266      266      100.00%          0          0                    100.00%
         Regional office



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                                                           Completed             Not yet due
                                                                                                % The Completion
                                              Total
No.             Audit Results                                                 Not yet            of readiness of
                                            findings    Total         %                   due
                                                                               due                   Findings


 1                      2                      3          4         5=4/3       6          7       8=4/(4+7)

        ICT Audit                              425        425       100.00%      0         0         100.00%

        Sub Total                             2817        2817      100.00%      0         0         100.00%

        Total Internal Commitment            6099        5925        97.15%     174        0         100.00%

 II.    EXTERNAL FINDINGS

II.1.   THE FINANCIAL SERVICE AUTHORITY (OJK)

        Inspection report IT of Financial      148         148      100.00%      0         0         100.00%
        Services Authority (OJK)
        Examination 2021

        2021 2021 OJK’s general                147         147      100.00%      0         0         100.00%
        inspection report

        2022 OJK’s general inspection          203        203       100.00%      0         0         100.00%
        report

        2023 OJK’s general inspection          246        245       99.59%          1      0         100.00%
        report

        2024 OJK’s general inspection         446         266       59.64%      180        0         100.00%
        report

        Total of OJK Findings                 1190       1009       84.79%      181        0         100.00%

II.2.   BANK INDONESIA

        IT and Non IT general                  40          40       100.00%      0         0         100.00%
        inspection of BI 2021

        2022 LBUT Thematic KHP                  52         52       100.00%      0         0         100.00%

        Total of BI Findings                    92         92       100.00%      0         0         100.00%

II.3.   THE SUPREME AUDIT AGENCY OF THE REPUBLIC OF INDONESIA (BPK RI)

        Management of special fee               20         20       100.00%      0         0         100.00%
        standards (SBK) and subsidies for
        advance payments (SBUM) in 2021

        Management of special fee               52         42       80.77%       0         10         80.77%
        standards (SBK) and subsidies for
        advance payments (SBUM) in 2022

        Commercial Credit                      137            0      0.00%      137        0         100.00%
        Management, Investment, and
        Operational Report 2023

        Management of special fee                  7          0      0.00%        7        0         100.00%
        standards (SBK) and subsidies for
        advance payments (SBUM) in 2024

        Total Findings of BPK RI               216         62       28.70%      144        10          86.11%

II.4.   FINANCIAL AND DEVELOPMENT SUPERVISORY AGENCY OF REPUBLIC OF INDONESIA (BPKP RI)

        Placement of Funds for the                 3          3     100.00%      0         0         100.00%
        2022 national economic
        recovery program

        Review of PKH social assistance            3          3     100.00%      0         0         100.00%
        program, the Staple Food
        Program, and direct cash
        assistance(PLT) in 2022

        Review of the program to                16            16    100.00%      0         0         100.00%
        Increase the Use of Domestic
        Products (P3DN) in the Context
        of the Proud Movement Made in
        Indonesia in 2022




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                                                                Completed                    Not yet due
                                                                                                                % The Completion
                                               Total
 No.               Audit Results                                                         Not yet                 of readiness of
                                             findings       Total          %                          due
                                                                                          due                        Findings


  1                           2                   3           4          5=4/3               6         7              8=4/(4+7)

           Review of PKH Social Assistance            2           2      100.00%             0         0                    100.00%
           and Basic Necessities 2019 to
           2022

           Total Findings of BPKP RI              24            24       100.00%             0         0                    100.00%

 II.5.     PUBLIC ACCOUNTING FIRM (KAP)

           Management Letter for the              76            76       100.00%             0         0                    100.00%
           financial statements for the
           position of December 31, 2021

           Management Letter for the              65           65        100.00%             0         0                    100.00%
           financial statements for the
           position of June 30, 2022

           Management Letter for the              72            72       100.00%             0         0                    100.00%
           financial statements for the
           position of December 31, 2022

           Management Letter for the              80           80        100.00%             0         0                    100.00%
           financial statements for the
           position of December 31, 2023

           Total Findings of KAP                 293          293        100.00%             0         0                    100.00%

 II.6.     PWC

           Internal Audit Function Review             17          17     100.00%             0         0                    100.00%
           Services 2023

           Total Findings of PWC                      17          17     100.00%             0         0                    100.00%

           Total of External Findings           1832          1497         81.71%         325          10                   99.34%

           Total Internal and External          7931         7422         93.58%          499          10                   99.87%
           Audit Findings



THE IMPLEMENTATION OF MEETINGS OF THE INTERNAL AUDIT DIVISION WITH THE BOARD OF DIRECTORS AND THE AUDIT
COMMITTEE


Referring to the Internal Audit Charter, the Internal Audit Division regularly holds meetings with the Board of Directors
and attends invitations to meetings with the Board of Commissioners and/or the Audit Committee in order to report
on the implementation of the duties of the Internal Audit Division. Throughout 2023, the Internal Audit Division has held
meetings with the Board of Directors and the Audit Committee as follows:


Implementation of Internal Audit Division Meetings with the Board of Directors

  No.                     Date                                                      Discussion

      1.     March 13, 2024                  CEO Town Hall Meeting

   2.        April 01, 2024                  Meeting on the Discussion of Internal Control
   3.        April 04, 2024                  Meeting on the Discussion of Audit Result
   4.        April 05, 2024                  Meeting on the Discussion of Internal Control
   5.        April 30, 2024                  Meeting on the Discussion of Internal Control
   6.        June 07, 2024                   Operations & Customer Experience Forum
   7.        June 11, 2024                   Meeting on the Discussion of Performance Review
   8.        June 12, 2024                   Meeting on the Discussion of Audit Result
   9.        June 23, 2024                   Meeting on the Discussion of Internal Control
   10.       June 24, 2024                   Kick Off RJPP 2025-2029




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  No.                    Date                                              Discussion

   11.   June 24, 2024               Meeting on the Discussion of Internal Control
  12.    July 02, 2024               Meeting on the Discussion of Audit Result
  13.    July 08, 2024               Meeting on the Discussion of Internal Control
  14.    July 09, 2024               Meeting on the Discussion of Internal Control and Internal Regulation Review
  15.    July 17, 2024               Meeting on the Discussion of Audit Result
  16.    July 23, 2024               Operational Risk Forum
   17.   August 01, 2024             Meeting on the Discussion of Audit Result
  18.    August 06, 2024             Meeting on the Discussion of Audit Result
  19.    August 14, 2024             Meeting on the Discussion of Audit Result
  20.    August 16, 2024             Meeting on the Discussion ICOFR
  21.    August 22, 2024             RJPP 2025-2029 Workshop
  22.    August 26, 2024             Meeting on the Discussion Internal Control
  23.    September 16, 2024          Kick Off Meeting of Financial Report Audit
  24.    September 30, 2024          Meeting on the Discussion of Audit Result
  25.    October 03, 2024            Meeting on the Discussion of IAD Organizational Structure
  26.    October 04, 2024            Meeting on the Discussion of Audit Result
  27.    October 07, 2024            Meeting on the Discussion of IAD Organizational Structure
  28.    October 09, 2024            Meeting on the Discussion of Meeting ICOFR
  29.    October 14, 2024            Meeting on the Discussion of Audit Result
  30.    October 22, 2024            Meeting on the Discussion of Business Control
  31.    November 01, 2024           Sharing Session "Economy & Risk Outlook 2025"
  32.    November 05, 2024           Meeting on the Discussion of GRC Roadmap 2025-2029
  33.    November 29, 2024           Meeting on the Discussion of Internal Regulation Review
  34.    December 04, 2024           Meeting on the Discussion of Internal Regulation Review
  35.    December 09, 2024           Meeting on the Discussion of Internal Regulation Review
  36.    December 10, 2024           Meeting on the Discussion of Internal Control


Implementation of Internal Audit Division Meetings with the Audit Committee

  No.                    Date                                                Agenda

   1.    January 22, 2024            Pembahasan Annual Audit Plan tahun 2024

   2.    February 05, 2024           Pembahasan Strategi Anti Fraud

   3.    March 20, 2024              Rapat Pembahasan Management Letter

   4.    May 15, 2024                Rapat Pembahasan Laporan Kegiatan IAD Triwulan I 2024

   5.    July 01, 2024               Rapat Pembahasan Tindak Lanjut Hasil Audit

   6.    August 05, 2024             Rapat Pembahasan Laporan Kegiatan IAD Triwulan II 2024

   7.    August 12, 2024             Rapat Pembahasan Strategi Anti Fraud

   8.    August 28, 2024             Rapat Pembahasan Review Peraturan Internal

   9.    September 04, 2024          Rapat Pembahasan Tugas dan Fungsi Audit Internal

  10.    September 30, 2024          Rapat Pembahasan Review Peraturan Internal dan Data Analytics

   11.   October 14, 2024            Rapat Pembahasan Hasil Audit

  12.    October 28, 2024            Rapat Pembahasan Review Peraturan Internal

  13.    November 06, 2024           Rapat Pembahasan Review Peraturan Internal

  14.    November 11, 2024           Rapat Pembahasan Laporan Kegiatan IAD Triwulan III 2024

  15.    November 25, 2024           Rapat Pembahasan Limitied Review Laporan Keuangan

  16.    December 2, 2024            Rapat Internalisasi Kebijakan Internal Control Over Financial Reporting (ICOFR)




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ASSURANCE REVIEW OF INTERNAL AUDIT


Since December 2017, the Internal Audit Division of Bank BTN has succeeded in upgrading the ISO 9001:2008 quality
standard to ISO 9001:2015. Periodically, surveillance audits have been carried out by external auditors to assess the
Internal Audit Division’s compliance with the ISO 9001: 2015 quality standard.


Table of Surveillance Audit Implementation for ISO 9001:2008 and ISO 9001:2015 Certification

 No. External Audit         Year                                                Description

  1.   PT SGS                2022      The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit

  2.   PT SGS                2023      The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit

  3.   PT SGS                2024      The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit



The review of the implementation of the bank’s internal audit function as regulated in OJK Regulation No.01/POJK.03/2019 in
assessing the conformity of the internal function with regulations, standards and codes of ethics, as well as efficiency and
effectiveness has been carried out by a minimum of 3 (three) independent assessors. ) once a year with the following description:


Table of Independent Assessors Regarding Assessment of Audit Implementation

 No.             External Audit                Year                                      Description

                                                         The implementation of the gap analysis review process for policies,
  1.   PT Deloitte Touche Tohmatsu             2018      procedures, and methodologies as well as the implementation of audits
                                                         of SPFAIB best practices every 3 years by the External Auditor.

                                                         The implementation of the gap analysis review process for policies,
  2.   PT KPMG Siddharta Advisory              2020      procedures, and methodologies as well as the implementation of audits
                                                         of SPFAIB best practices every 3 years by the External Auditor.

                                                         The implementation of the gap analysis review process for policies,
                                                         procedures, and methodologies as well as the implementation of audits
  3.   PT PricewaterhouseCoopers (PWC)         2023
                                                         of best practices for the Standards for Implementing Internal Audit
                                                         Functions in Commercial Banks every 3 years by the External Auditor.



Risk Management Work Unit                                            the risk management process in order to mitigate the
                                                                     company’s risks through the Quality of Risk Management
The Risk Management Work Unit is a work unit that is                 Implementation     including    risk   governance,   risk
directly responsible to the Director who oversees the                management framework, risk management process and
Risk Management function and is independent of the                   the adequacy of the management information system as
Operational Work Unit which is a risk-taking unit, the               well as the adequacy of the internal control system.
Internal Audit Work Unit and the Compliance Work Unit.
Currently, the Risk Management Unit consists of 4 (four)             The Company’s risk governance which is based on the
divisions, namely Enterprise & ESGRisk Management                    principles of Good Corporate Governance is realized from
Division, Digital & Operations Risk Management Division,             the involvement of all Company organs in managing risk
Wholesale Credit Risk Division, and Retail Credit Risk               management. This can be seen from the composition of the
Division. The company’s risk governance which is based               company’s risk management organization. The Board of
on GCG principles is realized from the involvement of all            Commissioners and Directors are responsible for ensuring
Company organs in managing risk management. This                     that the implementation of Risk Management is adequate
can be seen from the composition of the Company’s risk               in accordance with the characteristics, complexity and
management organization.                                             risk profile of the company. The Board of Commissioners
                                                                     and Directors play an active role in the risk management
The Board of Commissioners through Risk Monitoring                   process in order to mitigate the company’s risks through
Committee meetings and the Board of Directors through                the Quality of Risk Management Implementation which
Risk Management Committee meetings are responsible                   includes risk governance, risk management framework,
for ensuring that the implementation of Risk Management              risk management process, adequacy of human resources,
is adequate in accordance with the characteristics,                  and the adequacy of the risk management information
complexity and risk profile of the company. The Board                system, as well as the adequacy of the control system risk.
of Commissioners and Directors play an active role in
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Risk Management Unit Structure

The Risk Management Unit (SKMR) of the Company consists of Enterprise & ESG Risk Management Division (ERMD)
and Digital Operation Risk Management Division (DORD), each led by a Division Head who is directly responsible to
the Risk Management Director. The Organizational Structure of Enterprise & ESG Risk Management Division consists of
Market & Liquidity Risk Management Department, Credit Risk Management Department, Integrated Risk Management
Department, ESG Department and Model Validation.




                                                      Enterprise Risk Management
   L1                                                            (ERMD)


                                                    Secretary




           Enviromental,                                            Credit               Market &
                                 Integrated Risk                                                                 Model
   L2        Social &
                                  Management
                                                                Portofolio Risk        Liquidity Risk
                                                                                                               Validation
            Governance                                          Management             Management


             Framework
                                                                 Credit Risk         Market & Liquidity
             & Strategy            Strategic Risk
                                                                Development              Risk Dev
            Development

   L3
    /         Policy &                                          Commercial &         Market & Liquidity
                                   Risk Culture
   L4      Implementation                                         SME Risk            Risk Assesment



          Data Reporting &                                                             Market Middle
                                    Sharia Risk                 Consumer Risk
          Communication                                                                   Office




The Credit Portfolio Risk Management Department                     The ESG Department functions as a control tower for ESG
functions to ensure the effectiveness of the company's              activities so that they are in line with the Company's ESG
Credit Risk management, which focuses primarily on                  roadmap and framework. Control towers are carried out
providing credit or housing financing, whose asset                  on business and operational activities to support the
portfolio is dominated by Home Ownership Credit (KPR)               achievement of sustainable development goals which
which is influenced by changes in the external business             include, among other things, managing environmental
climate.                                                            impacts, overcoming social problems and maintaining
                                                                    responsible and ethical governance standards in
The Market & Liquidity Risk Management Department                   banking operations.
functions to ensure the effectiveness of Market Risk
and Liquidity Risk management which, among others,                  Model Validation serves to validate and test risk models
establishes a plan that will be carried out if the                  to ensure that the models are accurate, reliable, and
Company experiences financial stress conditions that                comply with applicable regulations. In addition, it also
can jeopardize business continuity.                                 plays a role in ensuring that the management of each
                                                                    risk is managed in accordance with the ISO 9001:2015
The Integrated Risk Management Department ensures                   Quality Management Standard.
the effectiveness of Strategic Risk management and
functions to coordinate and ensure the process of                   The Organizational Structure of Digital & Operations
integrating risk management with strategic planning,                Risk Management Division (DORD) consists of Fraud Risk
performance measurement and providing incentives in                 Management Department, Digital Risk Management
order to increase shareholder value, increase investor              Department, Operational Risk Management Department,
confidence, support the decision making process and                 Regional Operational Risk Control Department, and
increase the efficiency of capital use.                             Operational Risk Control Department.




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                          Structure of Operational and Digital Risk Management Unit




 L1                                                   Digital & Operations
                                                   Risk Management (DORD)
                                                                                                           Regional Office
                                               Secretary




                                                                   Regional
 L2      Fraud Risk         Digital Risk     Operational Risk                       Operational Risk           Regional
                                                                Operational Risk
        Management         Management         Management                                Control            Business Control
                                                                    Control


        Fraud Stategic      Digital Risk,                           Regional                                   Regional
                            Governance,      Operational Risk                       Operational Risk
          Strategy &                                             Operational Risk                          Business Control
                           Monitoring and     Development                           Control Analyst
         Presentation                                            Control Analyst                             Supervisor
                             Reporting
            Fraud                                                                                                    Branch
         Operational,       Digital Risk     Operational Risk
                                                                                                                    Business
 L3      Detection &        Assesment          Assesment
                                                                                                                     Control
  /     Investigation
 L4
       Fraud Monitoring                                                                                           CBC Business
          & Recovery                                                                                                Control


                                                                                                                Regional
                                                                                                            Business Control
                                                                                                                 Officer




The Fraud Risk Management Department functions to               The Regional Operational Risk Control Department
coordinate and monitor the development, formulation,            serves as a control tower for overseeing and evaluating
implementation, and review of the Fraud Risk Appetite,          the implementation of internal controls at Branch
Risk Tolerance, and risk limits in accordance with              Offices (KC) and Commercial Banking Centers (CBC)
regulations and business needs, as well as preparing            conducted by Branch Business Control (BBC) and
reports on the implementation of anti-fraud strategies.         Commercial Banking Center – Business Control (CBC-
The Digital Risk Management Department is responsible           BC), which are monoline organs within the Regional
for ensuring the effectiveness of IT, Digital, and Cyber        Office.
risk management related to the technological solutions
used by the company to achieve secure and reliable              Since 2015, the implementation of management
technology services. There are six risk domains covered:        activities has implemented and obtained ISO 9001:2008
Information and Cyber Security risk; IT Service Delivery,       certification which was upgraded to ISO 9001:2015 in
Resilience, and Continuity risk; IT Third-Party risk; Data      May 2018. Certification is also continuously maintained
Quality and Data Privacy risk; IT Project Delivery risk;        every year and an annual audit is carried out on the
and IT Regulatory Compliance risk. Risk management              implementation of ISO 9001:2015 certification while
is carried out through a framework that aligns with             continuing to strengthen commitment to continue
industry best practices and is integrated with the IT           working in accordance with implemented quality
service lifecycle to achieve optimal results.                   standards by making continuous improvements,
                                                                fostering a risk culture and encouraging the
The Operational Risk Management Department                      implementation of effective risk management at all
ensures the overall effectiveness of operational risk           levels of the company's organization and business
management for the bank, including coordinating                 activities in accordance with applicable regulations
with the Operations Risk Controller Management and
Digital Risk Management. Additionally, it also manages          Currently ISO 9001:2015 has been used by various
Business Continuity Management (BCM) bankwide to                organizations throughout the world, which can help
manage operational risks from external factors.                 them run more efficient and profitable operations. ISO




                                                                            PT Bank Tabungan Negara (Persero) Tbk         661
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                                                  Corporate
                                                  Governance




9001:2015 provides a framework for more consistent             8. Provide recommendations to business work
business performance, excellent service and continuous             units and/or to the Risk Management Committee
improvement over a long period of time. ISO 9001:2015              regarding the implementation of Risk Management,
provides many advantages and capabilities in terms of              including regarding the amount or maximum risk
business scale in recent years. This standard is a very            exposure that can be maintained and carry out
helpful tool in company development and makes the                  escalations as needed.
Bank BTN organization more resilient.                          9. Evaluate the accuracy and validity of data used by
                                                                   the Company to measure Risk for Banks that use
                                                                   models for internal purposes.
Duties and Responsibilities of the Risk                        10. Prepare and submit Risk profile reports to Regulators,
Management Work Unit                                               Board of Commissioners, Directors and Risk
                                                                   Management Committee periodically or at least
The Risk Management Work Unit is a work unit that is               quarterly. The frequency of reports is increased if
directly responsible to the Director who oversees the              market conditions change rapidly.
Risk Management function and is independent of the             11. Carry out regular reviews with a frequency adjusted
Operational Work Unit which is a risk-taking unit, the             to the Company’s needs, to ensure:
Internal Audit Work Unit and the Compliance Work Unit.             a. adequacy of the Risk Management framework;
The responsibilities of the Risk Management Work Unit              b. accuracy of Risk assessment methodology; And
include:                                                           c. adequacy of the Risk Management information
1. Provide input to the Board of Directors in preparing                 system.
    policies,    strategies   and    Risk    Management        12. Have an integrated Risk Taxonomy for the Company
    frameworks.                                                    and subsidiaries in accordance with the needs of
2. Develop procedures and tools for risk identification,           monitoring the performance targets of the Company
    measurement, monitoring and control                            and subsidiaries.
3. Design and implement the tools needed to                    13. The      organizational     structure,   duties    and
    implement Risk Management.                                     responsibilities as well as other matters including the
4. Monitor the implementation of Risk Management                   work procedures of the Risk Management work unit
    policies, strategies and frameworks recommended                are regulated in a separate internal regulation.
    by the Risk Management Committee and approved              14. Implement ESG risk management, including climate
    by the Board of Directors.                                     risk and its impact on society, and establish a
5. Monitoring risk positions/exposures as a whole, as              governance framework to ensure that these risks are
    well as per risk, including monitoring compliance              managed in an integrated manner between business
    with established risk tolerances and limits.                   units, risk management units, and operational units.
6. Conduct stress testing to determine the impact of the       15. Provide the Board of Directors with up-to-date
    implementation of Risk Management policies and                 information on risks and business developments
    strategies on the portfolio or overall performance of          related to climate change to help the Board of
    the Bank.                                                      Directors implement supervisory activities more
7. Review proposed new activities and/or products                  optimally.
    developed by other units. The assessment focuses           16. Implement fraud risk management through 4
    primarily on aspects of the Bank’s ability to manage           pillars of Anti-Fraud strategy (Prevention, Detection,
    new activities and/or products including the                   Investigation, Monitoring & Recovery).
    completeness of the systems and procedures used            17. Implement IT, Digital, and Cyber risk management.
    and their impact on the Bank’s overall risk exposure.




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Profile of the Head of the Risk Management Unit

The Head of the Enterprise Risk Management Division also acts as secretary of the Risk Management Committee under
the Board of Directors, held by Wilson Arafat based on the Board of Directors Decree No. 93/KUASA/DIR/2024 dated May
2, 2024 and has served until now.



                                            Educational Background
                                            Master of Management, Gadjah Mada University (2004).

                                            Training and Certification
                                            •   Risk Management Certification Level 6 by LSPP (2024)
                                            •   BSE - Chief Financial Officer School (2024)
                                            •   BSE Business Essential - Finance For Executive Stream (2024)
                                            •   Financial Acumen Columbia Business School (2024)
                                            •   Seminar on Sustainable Finance Forum 2023 – Dubai (2023)
                                            •   Indonesia Risk Management Outlook 2023 (2022)
                                            •   Refreshment Program: Implementation of Basel III Reform Basel IV for Calculation
                                                of ATMR on Credit Risk (2022)
                                            •   Certification for Credit Risk Management (2022)
                                            •   Market Risk & Middle Office Function (2021)
                                            •   Risk Management Certification by LSPP Level 4 (2021),
                                            •   Business Strategy Facing the Impact of Cvd VC (2020)
                                            •   Executive Development Program (2019)
                                            •   Company Guidelines on Governance Policy (2018)
                                            •   The Positive Leader – DCO Transformation - Hong Kong (2017)
Wilson Arafat                               •   GRC Professional Certificate – Arizona (2016)
Head of Enterprise Risk Management          •   2015 Asean Corporate Conference: Governance Transformation in Asean
                                                Performance and Priorities – Philippines (2015)
Division                                    •   Integrated Governance, Risk Management, and Compliance - Australia (2014)
                                            •   8th International Conference on Corporate Governance – UK (2010)
Indonesian Citizen,
52 years ols as of December 2024,           Work Experience
domiciled in Jakarta.
                                            • Started his professional career at BTN since 1998 through the Officer
                                              Development Program path, serving as an Executor in the Financial Report
                                              Analysis and Reconciliation Work Unit.
                                            • Since 2008, he has served as the head of section in charge in the Policy Section
                                              Work Unit.
                                            • From 2010 to 2011, he held Good Corporate Governance Implementation with his
                                              last position as GCG Implementation & Monitoring Department Head.
                                            • He served as Superintendent Spec Curiculum & Program Development and
                                              Senior Associate Culture Specialist in the Human Capital Division (2011-2013).
                                            • From 2013 to 2016, he served as Corporate Governance Department Head in the
                                              Compliance & Governance Division.
                                            • From 2017 to 2018, he held the Transformation Project with his last position as
                                              Transformation Management Office Head in the Transformation & Partnership
                                              Management Division.
                                            • His last position was Management Division Head of Procurement & Fixed Asset
                                              which was held from 2019 to 2021.

                                            Legal Basis for Appointment
                                            Board of Directors Decree No. 93/KUASA/DIR/2024 dated May 2, 2024




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The Head of the Digital & Operations Risk Management Division is held by Agus Sumaryono based on the Board of
Directors Decree No. 711/DIR/2024 dated August 1, 2024 and has served until now.



                                                Educational Background
                                                Bachelor of Civil Engineering, Sebelas Maret University (1994)

                                                Training and Certification
                                                • Certification of Risk Management Level 5 by LSPP (2024)
                                                • BTN Leadership Forum 2 – 2024 (2024)
                                                • KPK Family with Integrity 2024 (2024)
                                                • Expert Talk Session: Creating Executive (2024)
                                                • SOEs Competency Deepening Program (2024)
                                                • Counter-Terrorism Socialization (2023)
                                                • Webinar on Cyber Crime Security Awareness (2023)
                                                • Training on Media Handling (2022)
                                                • Certification of Senior Credit Officer (2022)
                                                • Refsh. Consumer Credit & Peny. Dokpok (2022)
                                                • Workshop on Business Judgment Rule (2021)
                                                • Certification of Integrity Builder Expert by LSP (2021)
                                                • Webinar on Digital Leadership Readiness (2021)
                                                • BTN-LPPI Webinar: Business Strategy in Responding to the Impact of Covid-19
                                                  (2020)
Agus Sumaryono                                  • General Manager Development Prog. Phase-2 (2020)
Head of Digital & Operations Risk               • Business Strategy in Facing the Impact of Cvd VC (2020)
Management Division                             Work Experience
                                                • Manager of Mataram Branch (1998)
Indonesian Citizen,
                                                • Head of Building Management at the Building Management Work Unit (2009)
54 years ols as of December 2024,
                                                • Policy Planning & Budgeting Manager at the Logistic & Network Division Work
domiciled in Bekasi.
                                                  Unit (2010)
                                                • Policy Planning And Budgeting Officer at the Procurement & Fixed Asset
                                                  Management Division (2011)
                                                • Construction Loan Proc & Appr Officer at the Commercial Banking Division (2011)
                                                • Contractor Relation Management Officer at the Commercial Banking Division
                                                  (2013)
                                                • Commercial Non-Housing Loan RM I at the Commercial Banking Division (2013)
                                                • Business Services Department Head at the Commercial Lending Division (2014)
                                                • Deputy Branch Manager of Bekasi branch office (2016)
                                                • Deputy Regional Manager Support Regional Office I (2019)
                                                • Commercial Authorized Officer at the Wholesale Credit Risk Division (2020)
                                                • Branch Manager of Bekasi branch office (2021)
                                                • Deputy CRD at Wholesale Credit Risk Division (2023)

                                                Legal Basis for Appointment
                                                Board of Directors Decree No. 711/DIR/2024 dated August 1, 2024




Competency Development in the Field of Risk Management


                                                 Number of                                                          Number of
     Types of Training and Education                                    Types of Training and Education
                                                Participants                                                       Participants

 Classroom / Virtual Classroom                                      BOD Talks & Meet The Expert -"Evolving in
                                                                    Finance: Leadership, Transformation, and             7
 Aligning Strategy Execution With                                   Future of Banking in Indonesia"
                                                     1
 Environmental, Social, and Governance (ESG)
                                                                    Expert Talk Session "Empowering Women
 BTN Leadership Forum 2 – 2024                       1              Leadership to Strengthen Leadership                  3
                                                                    Capability"
 BTN Millenial Leaders II – Kickoff                  1
                                                                    Officer Development Program (ODP) Class of
                                                                                                                         3
 Business Performance Through Effective                             63
                                                     1
 Coaching for Leaders
                                                                    Training on AML, CFT, and PFWMD                      1
 Coaching & Strategic Business Leaders               4
                                                                    Education and Training on AML, CFT, and
 Millenial Leaders 2 "crafting leadership and                       PFWMD related to Individual Risk Assessment          1
                                                     1              (IRA) in 2024
 future skill for next leaders"

 Driving Excellence: Comprehensive                                  Training of Presentation Skill                       2
                                                     1
 Performance Cycle Training




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                                                   Number of                                                               Number of
    Types of Training and Education                                  Types of Training and Education
                                                  Participants                                                            Participants

Provision of Risk Management Certification of                    The Important of Financial, Operational,
                                                       8
KKNI Level 4                                                     and Technology Risk Mitigation to Elevate                     1
                                                                 Company Value in 2024
Basic Islamic Banking Education (PDPS)                 3
                                                                 Business Essential - Finance for Executive                    1
Risk Maturity Index (RMI) Assessor Training
                                                       2
Participants                                                     Briefing on Risk Management Certification of
                                                                                                                               1
                                                                 KKNI Level 6
Training on Merger Preparation, Acquisition,
and Integration: Journey Towards a Seamless            1         CFO School                                                    1
Transition
                                                                 SMR Competency Test of KKNI Level 6                           1
Risk Management Refreshment of KKNI Level 4
                                                       1
E-Learning Method                                                OJK Webinar “How to Prevent Greenwashing in
                                                                                                                               5
                                                                 Sustainable Finance”
Risk Management Refreshment of KKNI Level 5
                                                       17
E-Learning Method                                                Training on Risk Based Planning & Risk
                                                                                                                               2
                                                                 Modeling
Seminar "Financial Strategy for The Youth and
                                                       1
Gen Z in Embracing Indonesia Emas 2045”                          Certification of QRPG Scheme Risk
                                                                                                                               3
                                                                 Management
SMR Competency Test of KKNI Level 4                    8
                                                                 Strategic Business Unit (SBU) Webinar Series
Socialization of Special Policies (KK) and                       Empowering Business Growth by Maximizing
Technical Instructions (PT) for Personal Data          3                                                                       1
                                                                 Capabilities. Series 02 : Operation, Legal, Risk
Protection (PDP)                                                 Management

Performance Excellence Program: Strategies                       Workshop on the Development of Profitability
                                                       1                                                                       2
for Driving High Performance in 2024                             Measurement System

Talent Acceleration Program II – Kickoff               3         Training on Risk Management Trainer Level 4                   1

Talent Acceleration Program 2 "Leadership                        Training on Financial and Capital Market Base
                                                       3                                                                       2
Session"                                                         on Esg & Sustainable Finance

Retirement Planning Webinar "Education on Old                    SMR Competency Test of QRGP Scheme                            1
Age Security Program (JHT) and Employee Welfare        2
and Healthy and Happy Living in Retirement"                      Certification of the Provision of Risk
                                                                                                                               4
                                                                 Management of KKNI Level 5
Retirement Planning Webinar: "Education on
Defined Benefit Pension Program and Financial          1         SMR Competency Test of KKNI Level 5                           4
Planning"
                                                                 Leadership & Impactful Future Skill                           1
OJK Webinar "Building Spiritual-Based
Leadership: A Holistic Approach to Business            4         Provision and Competency Test for Training of
Growth and Sustainability"                                                                                                     1
                                                                 Bnsp Certification Trainer (Methodology)
OJK Webinar - Improving Company                                  OJK Webinar "Empowering Leadership:
                                                       1
Performance through Artificial Intelligence                      How Women Leaders Drive Company and                           1
                                                                 Institution Performance"
OJK Webinar - The Role of Innovative Credit
                                                       3
Scoring (ICS) in Increasing Access to Funding                    Premium ESG Investment Seminar Training
                                                                 "Sustainable Investment for a Thriving Future:
OJK Webinar "Opportunities and Challenges of                                                                                   1
                                                                 Creating Long-Term Value and Impact for the
Personal Data Protection in Transactions in the        3         Environment and Communities"
Digital Era"
                                                                 Advanced Coaching Clinic: Deepening
OJK Webinar - Navigating the Half: "Year                         Assessment of Taxonomy for Sustainable                        1
                                                       4
Roadmap to Success"                                              Finance Indonesia (TKBI)
Workshop on ASEAN Corporate Governance                           Online / Self Learning
                                                       2
Scorecard (ACGS) 2024
                                                                 Compliance Excellence August 2024 Edition
Workshop on Recording Personal Data Processing_
                                                                 - Procedures for Implementing Anti-Money
Record of Processing Activities (ROPA) and
                                                       1         Laundering, Countering the Financing of
Personal Data Processing Impact Assessment_                                                                                    6
                                                                 Terrorism, and Countering the Financing of
Data Privacy Impact Assessment (DPIA)
                                                                 the Proliferation of Mass Destruction Weapons
                                                                 (AML, CFT, and PFWMD) Programs (Managerial)
Workshop on the Implementation of Stamp
                                                       1
Duty Regulations
                                                                 Compliance Excellence August 2024 Edition
                                                                 - Procedures for Implementing Anti-Money
Young Leaders Talk "Leading with Impact,                         Laundering, Countering the Financing of
                                                       7
Crafting Your Success Story"                                     Terrorism, and Countering the Financing of                   25
                                                                 the Proliferation of Mass Destruction Weapons
Webinar on Climate Risk Awareness & GHG                          (AML, CFT, and PFWMD) Programs (Non-
                                                       6
Emission Reporting                                               Managerial)
Training on Climate Risk Stress Test (CRST)            16        Compliance Excellence April 2024 Edition -
                                                                                                                               5
                                                                 Government VA Services (Managerial)
Capacity Development Seminar on Climate
                                                       1
Risk Integration in the Banking Risk Framework




                                                                            PT Bank Tabungan Negara (Persero) Tbk                  665
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                                                            Corporate
                                                            Governance




                                                      Number of                                                                         Number of
       Types of Training and Education                                           Types of Training and Education
                                                     Participants                                                                      Participants

 Compliance Excellence April 2024 Edition -                                  Internalization of ESG (Environment, Social, and
                                                           23                                                                              28
 Government VA Services (Non Managerial)                                     Governance) Awareness

 Compliance Excellence February 2024 Edition -                               Internalization of IT Regulation Policy                       26
                                                           26
 Security & Digital Risk Awareness
                                                                             Internalization of Public Information Disclosure (KIP)         31
 Compliance Excellence January 2024 Edition
 - Special Policy & Technical Guidelines for               26                Internalization of BTN Cash Management Services               28
 Accounting Activities
                                                                             Internalization of IT, Digital, and Cyber Risk
 Compliance Excellence July 2024 Edition -                                                                                                  31
                                                                             Management 2024
 Special Policy on Conflict of Interest Guidelines         5
 (Managerial)                                                                Internalization of BTN's New Grading System                   28
 Compliance Excellence July 2024 Edition -
                                                                             Internalization of SLE Index Achievement 2024                 25
 Special Policy on Conflict of Interest Guidelines         26
 (Non-Managerial)
                                                                             Internalization of Customer Data Management (CIF)              31
 Compliance Excellence June 2024 Edition -
                                                           5                 Internalization of Commercial Credit Rescue
 Prohibition of Gambling Activities (Managerial)                                                                                           28
                                                                             and Settlement
 Compliance Excellence June 2024 Edition
 - Prohibition of Gambling Activities (Non-                23                Internalization of Legal Clinic Podcast 2024                  27
 Managerial)
                                                                             Internalization of Corporate Loan Process
                                                                                                                                            31
 Compliance Excellence March 2024 Edition -                                  (Corporate Loan)
 Gratification Control Program and SMAP ISO                5
 37001:2016 Policy (Managerial)                                              Internalization of Respectful WorkPlace (RWP) 2024            26

 Compliance Excellence March 2024 Edition -                                  Internalization of Sahabat Transformasi
                                                                                                                                            31
 Gratification Control Program and SMAP ISO                21                Episode 2
 37001:2016 Policy (Non-Managerial)
                                                                             Internalization of Transformation 2024                         31
 Compliance Excellence May 2024 Edition -
 BranchFX Foreign Exchange Transactions at                 5                 Understanding Internal Regulations - BTN
 Branch Offices (Managerial)                                                                                                               26
                                                                             Internal Regulation Architecture

 Compliance Excellence May Edition 2024 -                                    Refreshment BTN Properti 2024                                 20
 Foreign Exchange Transactions BranchFX at                 23
 Branch Office (Non-Managerial)                                              Refreshment BTN Smart Residence                               29

 Compliance Excellence October 2024 Edition -                                Socialization of Digital Risk Awareness & Cyber
                                                           6                                                                               27
 Bancassurance Product Marketing (Managerial)                                Trend
 Compliance Excellence October 2024 Edition -                                Socialization of Profitability Measurement
                                                           25                                                                              27
 Bancassurance Product Marketing (Non-Managerial)                            System
 Compliance Excellence September 2024                                        Socialization of Easy in BTN Smart Residence
                                                           6                                                                               23
 Edition - Data Privacy Awareness (Managerial)                               Program
 Compliance Excellence September 2024 Edition                                Socialization of Umbrella Campaign Bale by BTN                 31
                                                           25
 - Data Privacy Awareness (Non-Managerial)
                                                                             Total Education and Training Participants                    1036




Risk Management Certification


                                                                         SMR Level Mapping
                    Number of
 No.                                                                                                                                  Suitability
                    Employees
                                               Not SMR yet       Level 4          Level 5          Level 6         Level 7

 1.      Mandatory Level 4           2,907           160            1,172            1,574              1               -                94.50%

 2.      Mandatory Level 5             432            3                  7            394             25                3                97.69%

 3.      Mandatory Level 6               9                               -               -             6                3               100.00%

 4.      Mandatory Level 7               14                                                             -              14               100.00%

 Total Employees                     3,362           163            1,179            1,968            32               20               94.94%

Description:
       Employees who are required to be certified but have not yet been certified according to their leve
       Employees who are required to be certified and comply with their level
       Employees who are required to be certified and already have certification at a level above that required



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Implementation of Risk Management Work Unit                   accordance with Deposit Insurance Corporation
Tasks in 2024                                                 Regulation No. 2 of 2024 concerning General Bank
                                                              Resolution Plans. The Resolution Plan document
In carrying out tasks during 2024, apart from the strategic   prepared contains information about the Company and
initiative pillars mentioned above, the implementation of     resolution strategies that are one of the considerations
risk management has also made several improvements            for the Deposit Insurance Corporation in handling or
as follows:                                                   resolving banks that are designated as failed banks. In
                                                              2024, the Company updated the Company Resolution
Determination of Risk Appetite Statement (RAS) and            Plan.
Risk Limits
In preparing Risk Management policies and strategies,         Implementation of Climate Risk Stress Test
the Company’s Board of Directors has established a            The Company has implemented a Climate Risk Stress
Risk Appetite Statement (RAS) and other risk limits.          Test in accordance with the Climate Risk Stress Test
RAS is reviewed annually or at any time taking into           Guidelines issued by the Financial Service Authority
account changes in the Company’s business plans and           (OJK) in 2023. The results of the Climate Risk Stress Test
objectives as well as changes in business environmental       implementation contain calculations regarding the
conditions. RAS is used as an objective guide in making       impact analysis of transition risk scenarios, physical risk
strategic decisions related to risk management and as         scenarios, and climate change mitigation plans.
a tool for Management in implementing good business
governance. Next, RAS is reduced to the risk limit for        Review of Risk Management Policies
each risk indicator. Determination of RAS and risk limits     In accordance with OJK Regulation No. 18/POJK.03/2016
is carried out by taking into account the level of risk       dated March 16, 2016 concerning the Implementation of
to be taken as well as the Company’s overall strategy         Risk Management for Commercial Banks, in managing
and targets. The risk limits set include overall risk         risk banks are required to implement risk management
(composite), per risk type, and per functional activity.      effectively. To implement risk management effectively,
The determination of risk limits is used as a guide for       the Company has developed a risk management policy
Work Unit activities to manage the type and amount of         which is contained in a risk management policy and at
risk that is acceptable.                                      least every year a review and/or update of several risk
                                                              management policies is carried out so that they are
Recovery Plan                                                 easily understood by risk owners and risk managers
The preparation of Systemic Company Recovery Action           as a guide in implementing them. The Company has
Plan as one of the Systemic Banks in Indonesia, the           aligned its internal policy structure in accordance with
Company has an obligation to prepare a Recovery               the Transformation of Policy and Procedure Architecture
Action Plan document as regulated in the OJK Regulation       where policies and procedures are adjusted to the policy
No. 5 of 2024 concerning Determination of Supervision         hierarchy from the highest to General Policy, Special
Status and Handling of Commercial Bank Problems. The          Policy and Technical Regulations. The Company has a
Action Plan document prepared contains mechanisms             Policy and Procedures Work Unit to periodically review
that are expected to prevent, restore and/ or improve         and monitor Policies and Procedures.
the Bank’s financial condition as a result of the financial
crisis or other financial market disruptions which            Implementation of Basel III Credit Risk Minimum
impact capital, liquidity, profitability, and asset quality   Capital Reform Standard Approach
which endanger the Company’s business continuity.             The Company has implemented the calculation of Risk
The Company periodically updates the Action Plan              Weighted Assets (RWA) for Credit Risk in accordance
Document (Recovery Plan) as one of the plans in               with OJK Circular Letter No 24/SEOJK.03/2021 concerning
sustainable financial planning. On November 30 2024           Calculation of Risk Weighted Assets for Credit Risk using
the Company submitted its 2025 Action Plan (Recovery          the Standard Approach for Commercial Banks. Changes
Plan) to the Regulator.                                       in the calculation methodology in these provisions
                                                              include changes to more granular risk weights and in a
Resolution Plan Update                                        larger number of buckets. Apart from that, there is also
The preparation of the Resolution Plan for Systemic           a more diverse classification of portfolio categories and
Companies has been submitted by the Deposit                   the need to carry out due diligence on counterparties
Insurance Corporation (LPS) as a Company that is              to ensure understanding of the risk profile and
obliged to prepare a Resolution Plan document in              characteristics of counterparties so that determining
                                                              risk weights does not only depend on external ratings.




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                                                     Governance




Preparation for Implementing Minimum Capital                      Corporate credit debtors so as to provide information
Market Risk Standard Approach                                     in the form of early warnings about the possibility of
The Company has implemented the OJK circular letter               debtors experiencing default.
No. 23/SEOJK.03/2022 concerning Calculation of Risk-
Weighted Assets for Market Risk for Commercial Banks              Preparation and Implementation of Portfolio Guideline
since January 2024.                                               for Commercial, Corporate and Financial Institutions
                                                                  Segments
Implementation of Low Emission Homes                              BTN's strategic steps in strengthening financing risk
In 2024, the Company took the initial step by launching           management aim to control the composition of the
a pilot project that utilized at least 10% environmentally        credit portfolio while ensuring healthy credit portfolio
friendly materials. The use of these materials included           growth. In this effort, BTN implements credit risk
innovative materials, such as floor decking containing            management through the Portfolio Guideline to reduce
3.6 kg of plastic waste, and paving blocks containing 2           credit concentration risk. This Portfolio Guideline is a
kg of plastic waste per square meter. This innovation not         strategic initiative designed to ensure that financing
only helped reduce plastic waste, but also improved the           distribution always takes into account current
quality of building materials used for more durable and           macroeconomic conditions, especially in certain sectors
efficient homes.                                                  that are considered to still have financing feasibility.
                                                                  In addition, this initiative includes the identification of
Implementation of Risk Maturity Index Assessment                  priority sectors that support the development of the
In accordance with the Regulation of the Minister of SOEs         company's business efforts. Aspects that are the main
Number PER-2/MBU/03/2023 concerning Guidelines                    focus include analysis and monitoring of NPLs per
for Governance and Significant Corporate Activities of            industrial sector, determination of financing limits per
State-Owned Enterprises which has been issued through             sector, and growth prospects for the industrial sector.
SK-8 of the Minister of SOEs, the Company is required to          Currently, BTN is preparing the 2025 Portfolio Guideline
conduct a risk maturity index assessment. In 2024, the            which includes the Small and Medium Enterprises (SME)
Company conducted a risk maturity index assessment                segment and sharia commercial financing, in order to
conducted by an independent party which received an               increase the effectiveness of portfolio risk management
assessment with a score of 3.5 (good practice phase).             and support sustainable business development.


Application of Minimum Capital Operational Risk                   Development of Credit Scoring Model (CSM) for the
Standard Approach                                                 Small Medium Enterprise (SME) Segment
In order to implement OJK Circular Letter No. 6/                  In an effort to minimize the risks that the Company will
SEOJK.03/2020 concerning Calculation of Risk-Weighted             accept in providing credit to the SME segment, a Credit
Assets for Operational Risk Using the Standard Approach           Scoring Model (CSM) is needed This SME Credit Scoring
for Commercial Banks has been implemented since 1                 Model is designed to help analyze and quantify the
January 2023, so the Company periodically reviews the             eligibility of prospective debtors with recommendations
recording of operational risk loss and recovery data.             in the form of High Risk or Low Risk, which has been
                                                                  integrated from the data entry process through BTNLaku
Implementation of the Early Warning System (EWS)                  to the Decision Engine stage. This model aims to improve
for the MSME, Commercial and Corporate Credit                     efficiency, accuracy in credit decision making and
Segments                                                          support the principle of prudence (prudential banking)
Early Warning System is a mechanism or system for                 to ensure a quality SME credit portfolio.
detection or recognition of early signs or symptoms
which are expected to influence developments in                   Strengthening Regional Business Control (RBC),
the progress and decline of the debtor's business                 Branch BusinessControl (BBC), Commercial Banking
conditions. The Early Warning System is implemented               Center Business Control(CBC-BC), and Regional Loan
to minimize and prevent losses due to bad credit, so              Processing Center Business Control (RLPC-BC)
the Bank must implement an effective and sustainable              The Company has an organ to improve operational risk
system for monitoring the credit facilities that have been        supervision and mitigation/prevention of operational
provided. In this case, the Risk Management Work Unit             loss by implementing the Operations Risk Controller
together with related business units routinely monitors           Department in the Risk Management Work Unit and
portfolio quality and early warning indicators for the            placing the Regional Business Control (RBC) organ in the
asset quality of the credit portfolio. It is hoped that this      Regional Office, Branch Business Control (BBC) which
effort can be used to monitor MSME, Commercial and                is a monoline Regional Office and on duty at Branch




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Offices and Sharia Branch Offices, Commercial Banking          3. Technology, the Company improves the tools and
Center Business Control (CBC-BC) which is a monoline              rules that have been implemented to improve the
Regional Office and on duty at the Commercial Banking             protection of the Company’s computer assets and
Center (CBC) and Regional Loan Processing Center                  Third-Party Risk Monitoring tools.
Business Control (RLPC-BC) which is a monoline Office
Region and works at the Regional Loan Processing               The Board of Directors, through the Information
Center. Continuous strengthening of the Business               Technology Steering Committee, carries out evaluations
Control organ has been carried out by periodically             of IT, digital & cyber risks which are carried out through
prioritizing risks (Top 10 Risks) which are reported to        regular meetings at least 4 (four) times during the
the Board of Directors. The Bank also plans to establish       current year with one of the discussions relating to IT Key
Operational Risk Control at the directorate level as part      Risk Indicator (KRI) Monitoring. Furthermore, the Board
of operational risk mitigation at the directorate level.       of Commissioners also reviews the results of IT, digital &
                                                               cyber risks once a year.
Developing and Strengthening Governance Models
In order to strengthen model governance, the Company           Continuing Development and Strengthening Utilization
has developed provisions and framework regarding model         of Risk Management Tools
governance to improve the quality of risk management           To strengthen the utilization of Risk Management Tools,
implementation in the Company. In addition, by                 several developments have been carried out, including:
strengthening model governance, segregation of duties          1. Implementation of a market risk monitoring system/
can be implemented in the model lifecycle, where the               interest rate risk in the banking book (IRRBB) and
Company's provisions have separated functions, duties              Liquidity Risk monitoring application.
and responsibilities between model development,                2. Utilization of the Bloomberg Terminal to support the
model operational implementation, model evaluation                 effective implementation of risk management in
and validation so that model management is more                    supporting the management of liquidity risk, credit
independent.                                                       risk and other risks.
                                                               3. Strengthening the role of risk management
IT Digital & Cyber Risk                                            by developing Sustainability Environment Risk
The Company strengthens IT, digital, and cyber risk                Management.
management through DORD by monitoring IT, digital              4. Enhancement of the Credit Scoring Model (CSM) for
& cyber risk profiles and implementing a program to                consumer credit.
strengthen digital and cyber attack risk control. The IT,      5. Developing a Credit Scoring Model (CSM) for the SME
digital & cyber risk profile components are developed              segment.
using the applicable OJK provisions as a basis, and            6. Developing an Early Warning System for the
carrying out the necessary developments to adjust to               Commercial and Corporate segments.
the Company's conditions and connect with the key risk         7. Re-modeling the Internal Credit Rating for the
indicator matrix that has been formed. Reporting on risk           Commercial and Corporate segments.
profiles and key risk indicators is carried out periodically   8. Developing Collection Scoring for the Consumer
to Management to provide comprehensive visibility.                 segment.
                                                               9. Maintenance of ISO implementation in ERMD through
Strengthening digital and cyber attack risk control is             Surveillance and ISO 9001:2015 Recertification in the
carried out using a 3 pillar transformation approach,              Risk Management Work Unit to improve the quality
namely people, processes and technology..                          service standards of the Risk Management Work Unit
1. People, strengthening is done through an                        to all stakeholders.
    internalization program for IT, digital & cyber risk       10. Utilization of integrated Operational Risk Tools as an
    management which aims to convey the tone at the                effort to manage operational risk in the Work Unit,
    top from the Board of Directors to all employees,              including LED, RCSA, and KRI tools.
    and equip employees by increasing employee                 11. Conducting the creation of a Fraud Detection
    awareness of IT, digital & Cyber threats and how               System application that functions as a tool that
    to prevent them. Through an IT, digital & cyber risk           helps Company in the prevention, detection,
    awareness program by conducting socialization                  investigation, and monitoring of fraud, especially in
    through branch office visits and implementing                  credit applications and transaction activities.
    e-learning.                                                12. Utilization of Operational Risk data visualization in
2. Process, the Company has strengthened internal                  the context of risk prioritization (Top 10 Risks) which
    processes related to IT and Digital, such as                   can be used by management.
    conducting reviews of policies and procedures              13. Addition of data analytics functions as the basis
    related to IT and digital, and monitoring risks on             for Business Control organs in carrying out internal
    strategic IT projects.                                         control testing



                                                                         PT Bank Tabungan Negara (Persero) Tbk     669
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                                                   Corporate
                                                   Governance




Regular Bank Wide Risk Management Monitoring                    In the implementation of OJK Regulation No. 15 of 2024
The Bank always implements risk management in                   concerning the Integrity of Bank Financial Reporting,
accordance with OJK Regulation No. 18/POJK.03/2016              the Company currently has an Internal Policy related to
concerning the Implementation of Risk Management for            ICOFR. Meanwhile, regarding the formation of a Special
Commercial Banks where the Bank periodically carries            Work Unit (UKK), it is still in the evaluation process.
out bankwide monitoring as evidenced by several
mandatory report outputs to the Regulator including:            ANTI FRAUD STRATEGY
1. Recovery Plan;                                               SesuFollowing the OJK Regulation No. 12 of 2024
2. Resolution Plan;                                             concerning the Implementation of Anti-Fraud Strategy
3. Leverage Ratio;                                              (SAF) for Commercial Banks, BTN has a roadmap
4. Risk Profile;                                                for developing an Anti-Fraud Strategy (SAF) for the
5. Bank Health Level;                                           next 3 years (2024-2026), where the preparation of
6. Minimum Capital Requirement according to Risk                the roadmap is carried out based on the 4 pillars of
    Profile;                                                    OJK which are developed in 10 aspects, namely (1)
7. Liquidity Coverage Ratio;                                    Organization, (2) Strategy & Policy, (3) Procedure and
8. Net Stable Funding Ratio;                                    Governance, (4) Process, (5) Fraud Investigation (6)
9. Maximum Credit Granting Limit;                               System, (7) Use of Data, (8) Use of Analytics, (9) Digital
10. Risk Weighted Assets;                                       Channels, (10) Reporting/Training.
11. Report of Indonesian Green Taxonomy;
12. Taxonomy Report for Sustainable Finance;                    Organization, namely the Company, has completed the
13. Report of Sustainable Finance Action Plan (RAKB) 2025;      formation of a special organization to handle anti-fraud,
14. Reports to the Ministry of BUMN; And                        namely the Fraud Risk Management Department which
15. Other Ad-hock reports.                                      is under the Digital and Operations Risk Division (DORD)
                                                                since February 2024.
ICOFR
The Company has conducted an ICOFR Diagnostic                   Implementation of Fraud Risk Management based on 4
review together with an independent consultant aimed            (four) Pillars:
at improving internal control over financial reporting.         1. Prevention: Monitoring and evaluating SAF policies
The scope of the ICOFR Diagnostic implementation that               for prevention functions. Vulnerability identification
has been carried out includes several things as follows:            includes activities: Fraud Risk Assessment (FRA), Risk
1. Understanding of the corporate structure of SOEs                 Control Self Assessment (RCSA), RA/RT Planning, use
    with output in the form of corporate structure                  of Fraud Risk Register.
    documentation, risk assessment of misstatement              2. Detection: Digital Fraud Monitoring & Detection:
    due to corporate structure, and proposed diagnostic             developing rules, models, customer risk profiles
    procedures for governance of integrated governance              for FDS accuracy and also monitoring Flagged/
    processes;                                                      Triggered activities on FDS, Non-Digital Fraud:
2. Understanding of SOEs financial reports with output              coordination, consolidation, evaluation of detection
    in the form of documentation of significant accounts            results from surprise audit programs, surveillance
    and processes along with documentation of risk                  systems, verification, control testing and supervision.
    assessments for each account, and procedures for            3. Investigation, Reporting, and Sanctions: Monitoring
    conducting ICOFR effectiveness diagnostics;                     includes prevention, investigation progress status,
3. Implementation of ICOFR diagnostic procedures                    fraud detection results, investigation results,
    with output in the form of implementation of ICOFR              sanction determination, recovery to litigation. DORD
    diagnostic procedures, and ICOFR diagnostic results             has submitted a consolidated report every 3 months
    for each SOEs; and                                              to the Anti-Fraud Sub-Committee and the Board of
4. Preparation of a diagnostic gap improvement                      Commissioners. The contents of this consolidated
    roadmap with output in the form of improvement                  report include fraud detection results, investigation
    recommendations and an ICOFR improvement                        status and aging, investigation results, follow-up
    implementation roadmap prepared together with                   settlement, sanction determination to litigation.
    the Board of Directors and Board of Commissioners/          4. Monitoring, Evaluation and Follow-up, Monitoring
    Supervisory Board.                                              of fraud event status, imposition of sanctions,
                                                                    completion of action plans, and recovery efforts,
                                                                    evaluation of fraud event reports, Preparation of
                                                                    preventive follow-up actions.




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                                                                                               Annual Report




Committees Under the Board of Directors                       DUTIES AND RESPONSIBILITIES OF THE RISK MANAGEMENT
                                                              COMMITTEE
The Company forms and determines the structure                The Risk Management Committee is responsible for
and membership of Committees under the Board of               decisions made at the Risk Management Committee
Directors in order to support the implementation of the       Meeting, submitting reports on Significant Decisions
Board of Directors’ duties. These committees play a role      made to the Board of Directors Meeting, as well as
in facilitating monitoring and creating effective problem     determining corrective steps regarding matters relating
solving and developing aspects deemed strategic by the        to the implementation of risk management in the
Company in accordance with applicable regulations.            Company.
These Committees include:
1. Risk Management Committee;                                 The task of the Risk Management Committee is
2. Asset and Liability Management Committee (ALCO);           to evaluate and provide recommendations to the
3. Credit Policy Committee;                                   President Director regarding risk management which at
4. Credit Committee;                                          least includes:
5. Human Capital Committee;                                   1. Preparation of Risk Management Policy and its
6. Information Technology Steering Committee;                    changes, including risk management strategy and
7. Transformation Steering Committee;                            contingency plan in case of abnormal external
8. Business Committee; and                                       conditions. The preparation is carried out together
9. Environmental, Social, and Governance (ESG)                   with the Division/Desk Head of the operational
    Committee.                                                   work unit and the Head of the Risk Management &
                                                                 ESG Work Unit and the Head of the Operational and
Risk Management Committee                                        Digital Risk Management Work Unit.
                                                              2. Improvements        or    improvements        to    the
The Risk Management Committee (KOMAR) plays                      implementation of risk management carried out
an active role in providing recommendations to the               periodically or incidentally as a result of changes
President Director regarding the risks inherent in policies      in the Bank’s external and internal conditions which
that will be determined by the Board of Directors as well        affect the Bank’s capital adequacy and risk profile as
as providing evaluations of provisions that are deemed           well as the results of evaluations of the effectiveness
to be less appropriate with current developments and             of such implementation.
need to be adjusted. KOMAR is actively involved in            3. Making business decisions that deviate from normal
assessing the risks inherent in each new product and/or          procedures (Irregularities), such as decisions to
service/activity so that the Bank can take the necessary         exceed significant business expansion compared
mitigation steps and also evaluate the General Risk              to the bank’s previously determined business plan
Management Policy (KUMR).                                        or taking risk positions/ exposures that exceed
                                                                 predetermined limits.
The Risk Management Committee is a committee                  4. Monitoring and managing risks.
that plays a role in providing recommendations to             5. Decision on proposed Bank policies, standards, and
the President Director to formulate policies, strategies         procedures.
and risk management targets as well as facilities             6. Integrated risk management strategy with capital
for monitoring and making decisions related to the               adequacy.
implementation of the Company’s risk management.              7. Establish a risk management framework and
                                                                 methodology.
RISK MANAGEMENT COMMITTEE WORK GUIDELINES
The work guidelines for the Risk Management                   RISK MANAGEMENT COMMITTEE MEMBERSHIP
Committee refer to Special Policy Number KK.9-D               STRUCTURE
concerning Directors’ Governance Procedures. These            The Risk Management Committee is regulated in Special
guidelines regulate, among other things, Committee            Policy Number KK.9-D concerning Directors’ Governance
Responsibilities, Committee Duties and Functions,             Procedures, with the following structure:
Committee Authorities, Duties of the Chair, Secretary and
Committee Members and Procedures for Conducting
Committee Meetings.




                                                                         PT Bank Tabungan Negara (Persero) Tbk     671
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                                                                 Corporate
                                                                 Governance




                                                                                                                           Permanent Member/
      Structure                                           Position                                       Voting Rights
                                                                                                                              Non Member

                                                                                                                           (Chairman)
 Chairman                 Director in charge of Risk Management                                                  
                                                                                                                           Permanent member

                          Director in charge of Asset Management*                                                         Permanent member

                          Director in charge of Finance**                                                                 Permanent member

                          Director in charge of Consumer Credit/ Financing                                                Permanent member

                          Director in charge of SME Credit & Retail Funds                                                 Permanent member

                          Director in charge of Institutional Funds and Network                                           Permanent member
 Directors / SEVP
                          Director in charge of Human Capital, Compliance, and Legal                                      Permanent Member

                          Director in charge of Information Technology                                                    Permanent Member

                          Director in charge of Operations and Customer Experience                                        Permanent Member

                          SEVP in charge of Operations                                                                    Non-Permanent Member

                          SEVP in charge of Digital Business                                                              Non-Permanent Member

Notes:
If the President Director/Deputy President Director attends the Risk Management Committee Meeting, the President Director/Deputy President Director acts
as chairman and has voting rights.
*) Alternate Chairman I
**) Alternate Chairman II

PROFILE OF RISK MANAGEMENT COMMITTEE MEMBERS
The profiles of the members of the Risk Management                              of office of the Directors and Heads of Divisions of the
Committee, both from the Board of Directors and SEVP                            Company who are members of the committee.
of the Company, canbe seen in the Company Profile
Chapter in the Profile of Directors and Profiles of Officials                   MEETINGS AND IMPLEMENTATION OF DUTIES OF THE RISK
One Level Below Directors section in this Annual Report.                        MANAGEMENT COMMITTEE IN 2024
                                                                                The Risk Management Committee meeting policy
INDEPENDENCE OF THE RISK MANAGEMENT COMMITTEE                                   is regulated in the Risk Management Committee
All members of the Risk Management Committee do not                             Implementation Guidelines. Based on this Policy, Risk
have any financial, management, share ownership and/                            Management Committee meetings are held at least
or family relationships with the Board of Commissioners,                        once every 3 (three) months. During 2024, the Risk
Board of Directors and/or Controlling Shareholders or                           Management Committee has held 17 (Seventeen)
relationships with the Company, which may affect their                          meetings. The implementation date and meeting
ability to act independently.                                                   agenda are as follows.


TRANSPARENCY OF THE RISK MANAGEMENT COMMITTEE
Disclosure of transparency of multiple positions of                              No.          Date                           Agenda
members of the Risk Management Committee from
                                                                                                               Discussion on Self-Assessment
the Board of Directors can be seen in the Corporate                                                            Results of Bankwide and Sharia Risk
                                                                                   1.   January 16, 2024
Governance Chapter in the dual positions section of this                                                       Profile Reports for Q4/2023 and Bank
                                                                                                               Soundness Level for Semester II/2023
Annual Report.
                                                                                                               Discussion on Remodeling of PD
                                                                                        February         27,   PSAK 71 and Calculation of Market
TERM AND PERIOD OF OFFICE OF THE RISK MANAGEMENT                                  2.
                                                                                        2024                   Risk ATMR in Accordance with OJK
COMMITTEE                                                                                                      Circular Letter No. 23 of 2022
Disclosure of transparency of multiple positions of                                                            Discussion on Consumer Credit
                                                                                  3.    March 19, 2024
members of the Risk Management Committee from                                                                  Portfolio Quality Report
the Board of Directors can be seen in the Corporate                                                            Indication of Fraud on KRING KC
Governance Chapter in the dual positions section of this                          4.    April 2, 2024          Purwakarta Products and Business
                                                                                                               Process Improvement
Annual Report.
                                                                                                               Discussion on Self-Assessment
                                                                                  5.    April 23, 2024         Results of Conventional and UUS Risk
TERM AND PERIOD OF OFFICE OF THE RISK MANAGEMENT                                                               Profile Reports for Q1/2024
COMMITTEE
                                                                                                               Discussion on Internal and KBUMN
The term of office and term of office of the Risk                                 6.    May 6, 2024
                                                                                                               Stress Test Results as of December 2023
Management Committee, whether from the Board of
Directors or SEVP of the Company, follows the term




672        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                        Annual Report




                                                                      3. Procedures for Holding Meetings of the Asset and
No.          Date                        Agenda
                                                                         Liability Committee.
                           Submission of OJK BUST Report as of        4. Minutes of Meetings and Follow-up of the Asset and
  7.    June 3, 2024
                           December 31, 2023                             Liability Committee.
                           Discussion on Draft of Special Policy      5. Supporting Group of the Asset and Liability
  8.    July 9, 2024       on Fraud Management Proce-dures
                                                                         Committee.
                           and Other Regulations with Impacts

                           Discussion on Self-Assessment
                                                                      DUTIES AND RESPONSIBILITIES OF THE ASSET AND
  9.    July 16, 2024      Results of Conventional and UUS Risk
                           Profiles for Q2/2024                       LIABILITIES COMMITTEE
                                                                      Responsibility
                           Discussion on the Results of the Risk
 10.    October 1, 2024
                           Maturity Index for the Fiscal Year 2024    1. The Assets and Liabilities Committee is responsible
                           Discussion on the Proposed Draft of
                                                                         for evaluating, developing and establishing liquidity
  11.   October 8, 2024    the Special Policy on Personal Da-ta          management strategies, so that the Bank can fulfill
                           Protection (PDP)                              maturing obligations from cash flow funding sources
                           Discussion on the Risk Acceptance             and/or from high quality liquid assets that can be
 12.    October 8, 2024    Criteria (RAC) for High-Risk Trans-
                                                                         pledged as collateral, without disrupting the Bank’s
                           actions at Branch Offices
                                                                         activities and financial condition.
                           Discussion on the Results of the Self-
                                                                      2. The Assets and Liabilities Committee is responsible
                           Assessment of Conventional and
 13.    October 15, 2024                                                 for determining and evaluating the Bank’s asset and
                           UUS Risk Profiles for the Third Quarter
                           of 2024                                       liability position in accordance with the objectives
        November 8,        Discussion on the General Policy              of managing liquidity risk, interest rate risk and
 14.
        2024               (KU.8) for Risk Management                    exchange rate risk.
                           Submission of the proposed Initiation      3. The Assets and Liabilities Committee is responsible
        November 18,       of the 2025 Recovery Action Plan              for determining and evaluating the pricing of the
 15.
        2024               Document and the 2024 Periodic
                           Resolution Plan.                              Bank’s assets and liabilities, to ensure that the prices
                                                                         can optimize the results of investment, minimize
                           Discussion on the Initiation of Policies
        December 9,                                                      the cost of funds, and maintain the Bank’s balance
 16.                       Impacted by OJK Regulation No. 15
        2024
                           of 2024                                       sheet structure in accordance with the Bank’s ALMA
        December 23,       Discussion of the proposed Internal           strategy.
 17.
        2024               Bank Regulations related to ICOFR          4. The Assets and Liabilities Committee is responsible
                                                                         for determining and evaluating the implementation
Assets and Liabilities Committee                                         and results related to the management of the Bank’s
                                                                         assets and liabilities, which at least includes: liquidity
The Asset and Liability Committee or hereinafter referred to             management; gap management (maturity and
as ALCO was formed by the Board of Directors with the aim                repricing risks); foreign exchange management;
of assisting the Board of Directors in formulating policies,             income and investment management.
compiling and establishing market risk management                     5. The Assets and Liabilities Committee is responsible
strategies as well as facilities for monitoring and making               for evaluating, developing and establishing ALIVA
decisions regarding the implementation of the Company’s                  Bank management strategies every 6 (six) months.
Asset Liability Management (ALM) to maximize profitability
and maintain the structure of the Company’s balance sheet.            Task
                                                                      1. The duties and functions of the Assets and Liabilities
WORK GUIDELINES FOR THE ASSET AND LIABILITIES                            Committee include the following:
COMMITTEE                                                                a. Manage liquidity management strategies,
ALCO work guidelines refer to Special Policy No. KK.9-D                      market risk management strategies, credit risk
concerning Governance Procedures for the Board of                            management strategies, and Bank asset and
Directors Committee. This Special Policy regulates,                          liability management strategies in order to meet
among other things, matters that serve as guidelines for                     the Bank’s liquidity needs.
Bank officials in carrying out their duties and functions as             b. Minimize idle funds.
a Board of Directors Committee and the implementation                    c. Maximizing Bank profitability and maintaining
of Board of Directors Committee Meetings, one of which                       the Bank’s balance sheet structure.
is the Assets and Liabilities Committee (ALCO), including::           2. The duties and functions of the Asset and Liability
1. Functions and Structure of the Asset and Liability                    Committee related to the Asset and Liability
     Committee.                                                          Committee Meeting or ALCO Meeting include the
2. Responsibilities, Duties, and Functions of the Asset                  following:
     and Liability Committee.




                                                                                 PT Bank Tabungan Negara (Persero) Tbk       673
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                                                             Corporate
                                                             Governance




   a. Decide on all issues discussed in the Asset and Liability Committee Meeting agenda in accordance with their
      duties and responsibilities.
   b. Request the relevant Work Unit to implement and follow up on the results of the Asset and Liability Committee
      Meeting.
   c. Request the relevant Work Units to report on the implementation of the results of the decisions of the Asset and
      Liability Committee Meetings periodically, the implementation of which is carried out by the Management Unit
      in charge of Compliance.
3. The duties and functions of the Asset and Liability Committee can also decide that the Bank is in a liquidity crisis
   condition in accordance with the provisions of the Contingency Funding Plan (CFP).
   a. Declares that the Bank is in a liquidity crisis condition based on the Liquidity Crisis Management Committee
      (LCMC) Recommendations and states that the liquidity crisis has been successfully resolved.
   b. Activate the Contingency Funding Plan (CFP) when a liquidity crisis occurs and deactivate it again when the
      liquidity crisis has been resolved.
   c. activate the Contingency Funding Plan Command Center (CFPCC) when a liquidity crisis occurs and deactivate
      it again when the liquidity crisis has been resolved.


MEMBERSHIP STRUCTURE OF THE ASSET AND LIABILITIES COMMITTEE



     Structure                                      Position                                Voting Rights       Information

                                                                                                            (Chairman) Permanent
 Chairman               President Director                                                        
                                                                                                            member

                        Vice Director *)                                                                   Permanent membe

                        Director in charge of Finance                                                      Permanent membe

                        Director in charge of Asset Management                                             Permanent membe

                        Director in charge of Risk Management                                              Permanent membe

                        Director in charge of Consumer Credit / Fi-nancing                                 Permanent membe

                        Director in charge of Institutional Funds and Networks                             Permanent membe

 Directors / SEVP       Director in charge of SME Credit & Retail Funds                                    Permanent membe

                        Director in charge of Information Technology                                       Permanent membe

                        Director in charge of Human Capital, Compli-ance, and Legal                        Permanent membe

                        Director in charge of Operations and Cus-tomer Experience                          Permanent membe

                        SEVP in charge of Wholesale Banking                                                Permanent membe

                        SEVP in charge of Digital Business                                                 Permanent membe

                        SEVP in charge of Operations                                                       Non-Permanent Member
*Alternate Chairman 1




PROFILE OF ASSETS AND LIABILITIES COMMITTEE                               TRANSPARENCY OF THE MULTIPLE POSITIONS OF THE
MEMBERS                                                                   ASSET AND LIABILITIES COMMITTEE
The profiles of ALCO members from the Company’s Board                     Disclosure of transparency of multiple positions of ALCO
of Directors and SEVP can be seen in the Company Profile                  members from the Board of Directors can be seen in the
Chapter in the Directors’ Profiles and Officers’ Profiles one             Corporate Governance Chapter in the dual positions
level below the Directors in this Annual Report.                          section of this Annual Report.


INDEPENDENCE OF THE ASSET AND LIABILITIES COMMITTEE                       TERM AND PERIOD OF OFFICE OF THE ASSET AND
All ALCO members have no financial, management,                           LIABILITIES COMMITTEE
share ownership and/or family relationships with the                      The term of office and term of office of ALCO, whether
Board of Commissioners, Directors and/or Controlling                      from the Board of Directors or SEVP of the Company,
Shareholders or relationships with the Company, which                     follows the term of office of the Directors and Heads
could affect their ability to act independently.                          of Divisions of the Company who are members of the
                                                                          committee.




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                                                                                                      Annual Report




TRAINING AND COMPETENCY DEVELOPMENT
                                                                   No.        Date                       Agenda
Training for ALCO members from the Board of Directors can
be seen in the Training and/or Competency Improvement                                      Cash Flow Projection for May 2024
Subchapter for Directors Members in the Corporate
                                                                   6.    May 14, 2024      Liquidity Ratio Monitoring in
Governance Chapter of this Annual Report.                                                  accordance with May 2024 Cash
                                                                                           Flow Projection

MEETINGS AND IMPLEMENTATION OF THE DUTIES OF THE                                           Cash Flow Projection for June 2024
ASSET AND LIABILITY COMMITTEE IN 2024
                                                                                           Application for Special Deposit
ALCO meeting policy is regulated in KK.9-D of the Board                                    Interest Rates, Investa Savings, and
                                                                   7.    June 11, 2024     Current Account
of Directors Committee Governance Procedure. Based
on this Policy, ALCO Committee meetings are held at                                        Application for Extension of Kring
                                                                                           BTN Solusi Plus and Kring BTN Super
least 1 (one) time in 3 (three) months, but if deemed                                      Solusi Interest Rates
necessary, the Committee Chair may hold a meeting at
                                                                                           Cash Flow Projection for July 2024
any time. During 2024, ALCO held 15 meetings. The dates
and agendas of the meetings are as follows:                                                Application for Special Deposit
                                                                   8.    July 09, 2024     Interest Rates, Investa Savings, and
                                                                                           Current Account

No.         Date                        Agenda                                             Application for Non-Subsidized KPR/
                                                                                           KPA Interest Rate Policy

                          Evaluation of Rupiah and USD TPF                                 Cash Flow Projection for July 2024
                          Counter Rates
                                                                                           Application for Euro Denominated
                          Evaluation of BTN Investa Plus           9.    July 16, 2024
                                                                                           Foreign Currency Giro
                          Savings Special Rates
                                                                                           Request for Kring Ultimate Interest Rate
                          Evaluation of Rupiah and USD
                          Deposit Special Rates
                                                                                           Cash Flow Projection for August 2024
  1.   January 15, 2024
                          Evaluation of Non-Subsidized
                          Mortgage/KPR/KPA Loan/Financing                                  Request for Special Interest Rate
                          Interest Rates                                                   for Deposits, Investa Savings, and
                                                                                           Current Account
                          Evaluation of KAR Loan/Financing
                          Interest Rates                           10.   August 13, 2024   Request for Adjustment of KPR Maju
                                                                                           Interest Rate
                          Determination of Trade Finance
                          Interest Rates                                                   Request for Adjustment of KMK
                                                                                           Interest Rate for Renovation of
                          Evaluation of Special Deposit Rates                              Passive Asset Purchase and Active
                          (Retail and Institutional)                                       Asset NPL

                          Granting of Special Interest Rate                                Cash Flow Projection for September
                          Authority                                                        2024
       February 20,                                                      September 10,
 2.                                                                11.
       2024                                                              2024
                          Extension of KPR Maju Interest Rates                             Request for Kring Efektif Interest Rate
                                                                                           for BTN
                          Extension of KMK/KMK Interest
                          Rates for Passive Asset Purchase                                 Cash Flow Projection for September
                          Renovation and Active Asset NPL                                  2024
                                                                         September 20,
                          Evaluation of BTN Investa and            12.                     Request for Special Interest Rate
                                                                         2024
                          Investa Plus Savings Special Rates                               for Deposits, Individual Investa,
 3.    March 7, 2024                                                                       Institutional Investa, and Current
                          Evaluation of Special Deposit Rates                              Account
                          (Retail and Institutional)
                                                                                           Cash Flow Projection for October
                          Cashflow Projection for March 2024                               2024

 4.    March 14, 2024                                                    October 08,       Application for Extension of KAR
                          Authority Determination of Special       13.
                                                                         2024              Ultimate Interest Rate
                          Interest Rate Policy
                                                                                           Application for Non-Subsidized
                          Cashflow Projection for April 2024                               Mortgage/KPA Interest Rate Policy
                          Provision of Special Rates for Time                              Cash Flow Projection for November
                          Deposits and Current Account                                     2024
                          (Retail and Institutional)                     November 12,
                                                                   14.
                                                                         2024
                                                                                           Proposed BTN iB E-Deposit Counter
                          Evaluation of Investa Plus Savings                               Ratio
                          Special Rates
 5.    April 23, 2024
                                                                                           Cash Flow Projection for December
                          Evaluation of KAR Project Eagle                                  2024
                          Interest Rates
                                                                         December 09,      Application for Extension of KPR Ruko
                          Determination of Penalty Relief Policy   15.
                                                                         2024              Interest Rate
                          Evaluation of KAR Counter for Existing                           Application for Non-Subsidized KPR/
                          Debtors                                                          KPA Quota Policy




                                                                              PT Bank Tabungan Negara (Persero) Tbk           675
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                                                         Corporate
                                                         Governance




Credit or Financing Policy Committee                                  2. Supervising      the    consistent    and     proper
                                                                         implementation of the Bank’s Credit Policy and
The Credit or Financing Policy Committee is a committee                  formulating solutions to overcome obstacles or
that plays a role in formulating policies, supervising                   challenges in its application. Additionally, the
policy implementation, monitoring the development                        Credit or Financing Policy Committee conducts
and condition of the credit portfolio and providing                      periodic reviews of the Credit Policy and provides
direction for improvement steps in the credit sector.                    recommendations to the Board of Directors if
                                                                         changes or improvements are necessary.
WORK GUIDELINES FOR THE CREDIT OR FINANCING                           3. Monitor and evaluate:
POLICY COMMITTEE                                                         a. Development and quality of the overall credit or
The work guidelines for the Credit or financing Policy                      financing portfolio.
Committee refer to Special Policy No. KK.9-D concerning                  b. Correct implementation of authority to decide on
the Governance Procedures of the Board of Directors                         credit or financing.
Committee, with the following contents:                                  c. Correctness of the process of granting,
1. Function and Structure                                                   development and quality of credit or financing
2. Responsibilities, Duties, Functions, and Authorities                     provided to parties related to the Company and
3. Provisions for Meetings and Minutes of the Board of                      certain large debtors.
   Directors Committee Meetings                                          d. Correct implementation of LLL provisions.
                                                                         e. Compliance with statutory provisions and other
DUTIES AND RESPONSIBILITIES OF THE CREDIT OR                                regulations in the implementation of providing
FINANCING POLICY COMMITTEE                                                  credit or financing.
The responsibilities of the Credit or financing Policy                   f. Settlement of problem loans in accordance with
Committee are as follows:                                                   those stipulated in the KPB.
1. The Credit or Financing Policy Committee is                           g. The Company’s efforts to meet the adequacy of
   responsible for the decisions made during the                            the amount of credit or financing write-offs.
   Committee’s meetings.                                              4. Making decisions on proposed regulations related to
2. The Credit or Financing Policy Committee is                           credit.
   responsible for submitting reports on significant
   decisions made to the Board of Directors’ meeting
   and providing a copy to the Board of Commissioners                 MEMBERSHIP STRUCTURE OF THE CREDIT OR FINANCING
   at least once a year.                                              POLICY COMMITTEE
                                                                      The structure and membership of the Credit or Financing
The duties and functions of the Credit and Financing                  Policy Committee refer to the Special Policy No. KK.9-D
Policy Committee are as follows :                                     on the Governance Procedures of the Board of Directors
1. Providing input to the Board of Directors in preparing             Committee, with the structure and membership as
    the Bank’s Credit Policy, particularly related to the             follows:
    formulation of prudential principles in credit or financing.




     Structure                                      POSITION                            Voting Rights       Information

 Chairman              President Director                                                              Permanent member

                       Vice President Director *)                                                      Permanent member

                       Director in charge of Risk Management**)                                        Permanent member

                       Director in charge of Assets Management                                         Permanent member

                       Director in charge of Consumer Credit and Financing                             Permanent member

 Directors/            Director in charge of SME Credit & Retail Funding                               Permanent member
 SEVP
                       Director in charge of Institutional Funding and Net-work                        Permanent member

                       Director in charge of Operations and Customer Experience                        Permanent member

                       Director in charge of Finance                                                   Permanent member

                       Director in charge of Human Capital, Compliance, and Legal                      Permanent member

                       SEVP in charge of Wholesale Banking                                             Permanent member




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      Structure                                          POSITION                                  Voting Rights          Information

                             SEVP in charge of Operations                                                          Permanent member

 Direksi/SEVP                Direktur in charge of Information Technology                                          Non-Permanent Member

                             SEVP in charge of Digital Business                                                    Non-Permanent Member

*) Substitute Chairman I
**) Substitute Chairman II



PROFILE OF MEMBERS OF THE CREDIT OR FINANCING
POLICY COMMITTEE                                                            No.         Date                          Agenda
The profiles of members of the Credit or Financing Policy
                                                                                                      Proposal for Revision of Special
Committee, both from the Board of Directors and SEVP                          1.   March 14, 2024     Policy No.KK.1-VI regarding
of the Company, can be seen in the Company Profile                                                    Guarantee Products and Services

Chapter in the Profile of Directors and Profiles of Officials                                         Proposal for Revision of Special
One Level Below Directors section in this Annual Report.                                              Policy KK.9-D regarding the
                                                                             2.    March 25, 2024
                                                                                                      Governance Procedure of the Board
                                                                                                      of Directors Committee
INDEPENDENCE OF THE COMMITTEE COMMITTEE ON
                                                                                                      Proposal for Changes in the A1 Credit
CREDIT OR FINANCING POLICY                                                   3.    June 3, 2024       Committee Quorum and the Credit
All members of the Credit or Financing Policy Committee                                               Decision-Making Authority Limit

do not have financial, management, share ownership and/                                               Proposal for approval of New
or family relationships with the Board of Commissioners,                                              Provisions in Special Policy KK.1-R
                                                                             4.    June 10, 2024      related to Restructuring for
Directors and/ or Controlling Shareholders or relationships                                           Debtors who have Previously Been
with the Company, which could affect their ability to act                                             Restructured due to Covid-19
independently.                                                                                        Proposal for Additional Provisions
                                                                                   September 30,
                                                                             5.                       on Removal of Restructuring Tag for
                                                                                   2024
                                                                                                      Consumer and Commercial Debtors
TRANSPARENCY OF THE CONCURRENT POSITIONS OF THE
CREDIT OR FINANCING POLICY COMMITTEE                                                                  Proposal for Additional Provisions
                                                                                   September 30,
                                                                             6.                       on Removal of Restructuring Tag for
Disclosure of the transparency of concurrent positions                             2024
                                                                                                      Consumer and Commercial Debtors
of members of the Credit or Financing Policy Committee
                                                                                                      Proposal for the Update of Special
from the Board of Directors can be seen in the Corporate                                              Policy on Non-Performing Asset
                                                                             7.    October 7, 2024
Governance Chapter in the concurrent positions section                                                Sales with the Purchase of Sukuk
                                                                                                      Securities
of this Annual Report.
                                                                                                      Proposal for Approval of
                                                                             8.    October 15, 2024   Adjustments Regarding BMPK
TERM OF OFFICE AND PERIOD OF OFFICE OF THE CREDIT                                                     Provisions
OR FINANCING POLICY COMMITTEE AAN
                                                                                                      Proposal for the Update of Special
The term of office and term of office of the Credit or                             December 9,
                                                                             9.                       Policy No. KU.1 regarding Bank Credit
                                                                                   2024
Financing Policy Committee, whether from the Board                                                    or Financing
of Directors or SEVP of the Company, follows the term                                                 Proposal for Special Policy on
                                                                                   December 16,
of office of the Directors and Heads of Divisions of the                     10.
                                                                                   2024
                                                                                                      theWrite-Off of Bad Debts to Micro,
                                                                                                      Small, and Medium Enterprises
Company who are members of the committee.


TRAINING AND COMPETENCE DEVELOPMENT OR                                      Credit Committee
FINANCING
Training for members of the Credit or Financing Policy                      The Credit Committee is a committee that plays a role
Committee from the Board of Directors can be seen in the                    in providing decisions on granting credit (new credit
Training and/or Competency Improvement Sub-Chapter                          or credit restructuring) in accordance with the highest
for Directors Members in the Corporate Governance                           authority based on the Credit Decision Authority Limit
Chapter of this Annual Report.                                              (BMPK).


MEETINGS AND IMPLEMENTATION OF DUTIES OF THE                                CREDIT COMMITTEE WORK GUIDELINES
CREDIT OR FINANCING POLICY COMMITTEE IN 2024                                The work of the Credit Committee refers to Special Policy
The Credit or Financing Policy Committee holds meetings                     (KK).9-D, with the following contents :
at least once every three months. During 2024, the Credit
Policy Committee held a total of 10 (ten) meetings. The
dates of the meetings and the meeting agendas are as
follows.



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                                                                                                     Corporate
                                                                                                     Governance




•            Function and Structure
                                                                                                                                                                       Risk              Independent
•            Responsibilities, Tasks, Functions, Authorities                                                      Committee                     Business
                                                                                                                                                                     Function              Function
•            Meeting Provisions and Minutes of the Board of                                                                 Functions               Risk Function         Independ-ent




             Directors’s Committee Meetings                                                                        Committee                                                               1 people
                                                                                                                                                2 people             2 people
•            Membership of the Credit Committee Meetings                                                              A3

                                                                                                                   Committee                                                               1 people
                                                                                                                                                1 people             1 people
DUTIES AND RESPONSIBILITIES OF THE CREDIT COMMITTEE                                                                   A4
TThe duties and responsibilities of the Credit Committee
are as follows:                                                                                                   3. Permanent Membership in the Credit Committee at
1. To make decisions on the approval or rejection of                                                                 the Board of Directors level is divided into 3 (three)
   credit or financing applications according to specific                                                            functions and the voting rights attached to each
   authorities established by the Board of Directors.                                                                function are as follows:
2. To be responsible for carrying out tasks related
                                                                                                                                        Risk Function                  Business Functions
   to the granting, modification of facilities, and/or
   restructuring of credit or financing under its authority
                                                                                                                                                 Voting                                    Voting
   limits.                                                                                                           Position                                         Position
                                                                                                                                                 Rights                                    Rights
3. To reject requests and/or influence from parties with
   an interest in the credit or financing applicant for the                                                        President                                       vice director             
                                                                                                                   Director
   approval of credit or financing that is purely formal.
4. To coordinate with the Asset & Liabilities Committee                                                            Director                                         Director
                                                                                                                   incharge                                         in charge
   (ALCO) on aspects of credit/ financing funding as                                                               of Risk
                                                                                                                                                    
                                                                                                                                                                    of Credit/
                                                                                                                                                                                              
   well as credit/financing rates.                                                                                 Management                                       Financing

                                                                                                                   Director
                                                                                                                                                                    Director in
CREDIT COMMITTEE MEMBERSHIP STRUCTURE                                                                              in charge                                       charge of                 
                                                                                                                   of Asset
1. Jenis dan tingkat Komite Kredit berdasarkan                                                                                                                      Finance
                                                                                                                   Management
   kewenangannya terbagi dengan kategori sebagai
                                                                                                                   Director in
   berikut:                                                                                                                                                         Director in
                                                                                                                   charge of                                       charge of                 
                                                                                                                   Information
                                                                                                                                                                    Network
    Committee                               Committee                                                              Systems
No.                                                                                     Work Unit
      Type                                    Level
                                                                                                                   SEVP in                                          Director in
                                                                                                                   charge                                           charge of
     Level                   Work Unit




                                                            A1                                                                                                                               
                                                                                                                   of Credit                                        Institutional
                                                                                                                   Operations                                       Banking
                                                            A2
    1.         Commitee A                                                          Board of Directors                                                               SEVP in
                                                            A3
                                                                                                                                                                    charge of                 
                                                            A4                                                                                                      Wholesale
                                                                                                                                                                    Banking
    2.         Commitee B                                   B                      Headquarters
                                                                                                                                                                                           Voting
                                                            C1                     Regional Office                                        Independent Function
                                                                                                                                                                                           Rights
    3.         Commitee C                                                          Commercial Banking
                                                            C2                                                     Director in charge of Compliance and Legal                                 
                                                                                   Center (CBC)

                                                            D1                                                           SEVP in charge of Compliance and Legal                               
                                                                                   Branch Office/Sharia
    4.         Commitee D                                   D2
                                                                                   Branch Office
                                                            D3
                                                                                                                         Non-Permanent       Membership     in   the     Credit
                                                                                                                         Committee at the Board of Directors level is regulated
2. The Credit Committee at the Board of Directors level                                                                  by the following provisions
   is divided into 4 (four) levels with a minimum quorum
   of Permanent Members present as follows:
                                                                                                                                                                                              Voting
                                                                                                                  No.                       Non-permanent Member
                                                                   Risk                    Independent                                                                                        Rights
Committee                                Business
                                                                 Function                    Function
                                                                                                                           Head/Deputy Head of Commercial Credit
                                                                                                                    1.                                                                            
               Functions                    Risk Function           Independ-ent




                                                                                                                           Work Unit or Official Holding RKK Authority
    Committee                              All                     All                        1 people
       A1                                Members                 Members                                                   Head of the Corporate Credit Work Unit or
                                                                                                                   2.                                                                             
                                                                                                                           Official Holding RKK Authority
    Committee                                                                                 1 people
                                         3 people                3 people                                                  Head of SME Credit Work Unit or Official
       A2                                                                                                          3.                                                                             
                                                                                                                           Holding RKK Authority




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                                                                                 •   Non-Permanent Members
                                                               Voting
No.           Non-permanent Member
                                                               Rights
                                                                                                                                  Voting
                                                                        No.            Non-permanent Member
       Head of Commercial Financing Work Unit or                                                                                  Rights
 4.                                                              
       Official Holding RKK Authority
                                                                                Head of the Commercial Credit Work Unit
       Head of Asset Management Work Unit or                             1.                                                         
 5.                                                                            Department
       Official Holding RKK Authority
                                                                                Head of the Corporate Credit Work Unit
       Head of Financial Institution Work Unit or                       2.                                                          
 6.                                                                            Department
       Official Holding RKK Authority
                                                                                Head of the SME Credit Work Unit
       Head/Deputy Head of the Commercial                               3.                                                          
                                                                                Department
  7.   Credit Risk Work Unit or Official Hold-ing RKK            
       Authority                                                                Head of the Commercial Financing Work Unit
                                                                        4.                                                          
                                                                                Department
       Head of Commercial Credit Work Unit at the
 8.                                                              
       Commercial Banking Center                                                Head of the Financial Institution Work Unit
                                                                        5.                                                          
                                                                                Department
       Head of the Commercial Credit Risk Work Unit
 9.                                                              
       at the Commercial Banking Center                                         Head of the Asset Management Work Unit
                                                                        6.                                                          
                                                                                Department
       Head of Legal Work Unit or Official Holding
 10.                                                             
       RKK Authority                                                            Head of Commercial Credit Work Unit at the
                                                                        7.                                                          
                                                                                Commercial Banking Center
       Head of the Compliance Work Unit or Official
 11.                                                             
       Holding RKK Authority                                                    Head of Commercial Credit Risk Work Unit
                                                                        8.                                                          
                                                                                Department
       Head of the Internal Audit Work Unit or Official
 12.                                                             
       Holding RKK Authority                                                    Head of the Commercial Credit Risk Work
                                                                        9.                                                          
                                                                                Unit at the Commercial Banking Center

4. Membership in the Credit Committee other than at                             Head of Legal Work Unit Department or
                                                                        10.                                                         
                                                                                Official Holding Authority
   the Board of Directors level is regulated by provisions
   according to each level as follows:                                  11.
                                                                                Head of Compliance Work Unit Department             
                                                                                or Official Holding Authority
   A. Credit Committee B
       • Permanent member
                                                                              B. Credit Committee C1
        Risk Function                  Business Functions
                                                                                 • Permanent member

                        Voting                                 Voting            Risk Function                Business Functions
       Position                          Position
                        Rights                                 Rights
                                                                                                 Voting                           Voting
                                   Head/Deputy Head                            Position                          Position
                                                                                                 Rights                           Rights
                                   of the Com-mercial
                                   Credit Working Unit or         
                                   Offi-cial Holder of the                                                 Head of Regional          
                                   Commercial Credit                    Head of                            Office
                                   Risk Authority (RKK)                 Commercial Credit                 Head of the Asset
                                                                        Risk Work Unit at                  Management Work
                                   Head of the Corporate                                                                             
                                                                        the Regional Office                Unit at the Regional
                                   Credit Work-ing Unit
                                   or Official Holder of the                                              Office
                                   Commercial Credit
                                   Risk Authority (RKK)
                                                                                 •   Non-Permanent Members
                                   Head of the SME
                                   Credit Working Unit or
                                                                                                                                  Voting
 Head/Deputy Head                  Official Holder of the              No.            Non-permanent Member
                                   Com-mercial Credit                                                                             Rights
 of the Commer-cial
 Credit Risk Working               Risk Authority (RKK)
 Unit or Offi-cal                                                       1.     Deputy Head of Regional Office                      
                                   Head of the
 Holder of the                     Commercial                                   Head of the SME Credit Work Unit at the
 Commercial Credit                                                      2.                                                          
                                   Financing Working Unit                      Regional Office
 Risk Authority (RKK)              or Official Holder of the
                                   Commercial Credit                            Head of Commercial Credit Work Unit at the
                                                                        3.                                                          
                                   Risk Authori-ty (RKK)                        Commercial Banking Center

                                   Head of the Asset                            Head of the Commercial Credit Risk Work
                                                                        4.                                                          
                                   Management                                   Unit at the Commercial Banking Center
                                   Working Unit or                
                                   Official Holder of the                       Commercial Credit Risk Analyst at Regional
                                                                        5.                                                          
                                   Commercial Credit                            Office **)
                                   Risk Authori-ty (RKK)
                                                                        6.      Legal Checklist *)                                  
                                   Head of the Financial
                                                                        7.      Compliance Checklist *)                             
                                   Institution Working Unit
                                   or Official Holder of the      
                                   Commercial Credit
                                   Risk Authori-ty (RKK)


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                                                        Corporate
                                                        Governance




       C. Credit Committee C2                                        INDEPENDENCE OF THE CREDIT COMMITTEE
          • Permanent member                                         All members of the Credit Committee have no financial,
                                                                     management, share ownership and/or family relationships
          Risk Function               Business Functions
                                                                     with the Board of Commissioners, Directors and/or
                                                                     Controlling Shareholders or relationships with the Company,
                          Voting                       Voting
        Position                        Position                     which could affect their ability to act independently.
                          Rights                       Rights

 Head of                           Head of the                       TRANSPARENCY OF MULTIPLE POSITIONS OF THE CREDIT
 Commercial                        Commercial redit
 Credit Work Unit at          √    Risk Work Unit at                COMMITTEE
 the Commercial                    the Commercial                    Disclosure of the transparency of multiple positions of
 Banking Center                    Banking Center
                                                                     members of the Credit Committee from the Board of
                                                                     Directors can be seen in the Corporate Governance
          •    Non-Permanent Members                                 Chapter in the dual positions section of this Annual Report.

                                                       Voting        TERM OF OFFICE AND PERIOD OF OFFICE OF THE CREDIT
No.             Non-permanent Member
                                                       Rights
                                                                     COMMITTEE
         Commercial Credit Work Unit Manager at the                  The term of office and term of office of the Credit
  1.                                                     
         Commercial Banking Center                                   Committee, whether from the Board of Directors or SEVP
         Commercial Credit Risk Work Unit Manager                    of the Company, follows the term of office of the Directors
 2.                                                      
         at the Commercial Banking Center                            and Heads of Divisions of the Company who are members
 3.      Legal Checklist *)                                         of the committee.

 4.      Compliance Checklist *)                         
                                                                     TRAINING AND COMPETENCY DEVELOPMENT
                                                                     Training for Credit Committee members from the Board of
       D. Credit Committee D                                         Directors can be seen in the Training and/or Competency
          • Permanent member                                         Improvement Sub-chapter for Directors Members in the
                                                                     Corporate Governance Chapter of this Annual Report.
          Risk Function               Business Functions

                                                                     MEETINGS AND IMPLEMENTATION OF CREDIT COMMITTEE
                          Voting                       Voting
        Position                        Position                     TASKS IN 2024
                          Rights                       Rights

 Head of SME Credit/                                                 Meeting Policy
 Financing Risk Work               Branch Head or
 Unit at Branch               √    Head of Sharia                   1. The composition of the Credit/Financing Committee
 Offices/Sharia                    Branch                               consists of business functions and risk functions.
 Branch Offices
                                                                        This division of two (2) functions aims to establish
                                                                        a system of checks and balances between the
          •    Non-Permanent Members                                    business unit as the initiator and the credit risk unit
                                                                        as the risk mitigation unit.
                                                       Voting        2. Decision-making by the Credit/Financing Committee
No.              Non-permanent Member
                                                       Rights
                                                                        is conducted through joint meetings called the
         Head of SME Credit Work Unit at Branch                         Credit Committee Meeting (RKK).
  1.                                                     
         OfficeSME at Branch Office                                  3. Credit/Financing Committee meetings must reach
         Head of Commercial Financing Work Unit at                      decisions through deliberation and consensus. If
 2.                                                      
         the Sharia Branch Office                                       consensus cannot be achieved, decisions must be
         SME Credit/Financing Risk Analyst at Branch                    made by voting, requiring more than half ½ of the
 3.                                                      
         Offices/Sharia Branch Offices                                  members with voting rights to agree. There is no
 4.      Legal Checklist *)                                            escalation of credit or financing decisions to a higher
                                                                        authority if consensus is not reached.
 5.      Compliance Checklist *)                         
                                                                     4. Before the Credit/Financing Committee Meeting (RKK),
                                                                        a pre-meeting (Pre-RKK) is conducted to coordinate
PROFILE OF CREDIT COMMITTEE MEMBERS                                     and discuss credit applications, facility changes, or
The profiles of Credit Committee members from both                      credit/financing restructuring by the relevant work units.
the Board of Directors and SEVP of the Company can                   5. Every decision made by the Credit/Financing
be seen in the Company Profile Chapter in the Profile                   Committee must be recorded, documented, and
of Directors and Profiles of Officials One Level Below                  signed by both Permanent Members and Non-
Directors section in this Annual Report.                                Permanent Members of the Credit Committee. The




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       Credit Committee Meeting is conducted for decision-                     HUMAN CAPITAL COMMITTEE WORK GUIDELINES
       making regarding commercial credit, including new                       The work guidelines of the Human Capital Committee refer
       applications, changes to credit structuring, and                        to the Special Policy KK.9 – D on the Procedures for the
       credit restructuring.                                                   Governance of the Board of Directors’ Committee, with the
                                                                               following content:
Meeting Implementation                                                         1. Function and Structure
The organization of the Credit Committee meetings                              2. Responsibilities, Duties, Functions, and Authority
is proposed by the Proposing Division, which includes                          3. Meeting Regulations and Minutes of the Board of
the Commercial Credit Business Division and the                                     Directors Committee Meetings
Commercial Credit Risk Division. Throughout 2024, the
Credit Committee conducted a total of 3,045 meetings                           DUTIES AND RESPONSIBILITIES OF THE HUMAN CAPITAL
at various levels, with the details as follows.                                COMMITTEE
                                                                               The duties and responsibilities of the Human Capital
                                                                               Committee are to assist the President Director with matters
 No. Credit Committee Level                 Number of Meetings                 relating to, among other things and at least include:
                                                                               1. Recommend strategies, policies and human capital
  1.     Credit Committee A                                144
                                                                                   management systems that are in line with the Bank’s
  2.     Credit Committee B                                146                     Business Plan.
  3.     Credit Committee C1                               187                 2. Has the authority to make decisions regarding the
  4.     Credit Committee C2                               742                     implementation of management in the personnel sector.
                                                                               3. Responsible for recommending policy proposals which
  5.     Credit Committee D                            1.862
                                                                                   will then be decided through the mechanism of the
                                                                               4. Board of Directors Meeting. Decide on proposed Bank policies,
Human Capital Committee                                                            standards and procedures related to human capital.
                                                                               5. Has the authority to make decisions other than points 1 – 4
The Human Capital Committee is a committee that plays                              above if given a mandate by the Board of Directors Meeting.
a role in improving the quality of Human Capital policies                      6. If necessary, coordinate with the Remuneration and
by adhering to the principles of good governance and                               Nomination Committee in reviewing the Human
enhancing the quality of human capital management                                  Capital Management system/policy.
to support the Bank’s business strategy.                                       7. The Human Capital Committee at the Headquarters
                                                                                   is responsible for reporting significant decisions to
                                                                                   the Board of Directors’ Meeting at least once a year


MEMBERSHIP STRUCTURE OF THE HUMAN CAPITAL COMMITTEE
The structure and membership of the Human Capital Committee have been established based on the Special Policy
KK.9 – on the Governance Procedures of the Board of Directors Committee with the structure and membership as follows:

        Structure                                            Position                               Voting Rights          Information
            Rights                                               Information




 Chairman                     President Director                                                                    Permanent member

                              Vice President Director *)                                                            Permanent member

                              Director in charge of Human Capital, Compliance, and Legal                            Permanent member

                              Director in charge of Institutional Funding and Network                               Permanent member

                              Director in charge of Risk Management                                                 Permanent member

                              Director in charge of Consumer Credit and Financ-ing                                  Permanent member
 Directors/SEVP
                              Director in charge of SME Credit & Retail Funding                                     Permanent member

                              Director in charge of Finance                                                         Permanent member

                              Director in charge of Operations and Customer Experience                              Permanent member

                              Director in charge of Assets Management                                               Non-Permanent Member

                              Director in charge of Information Technology                                          Non-Permanent Member

                              SEVP in charge of Wholesale Banking                                                   Non-Permanent Member

 Directors/SEVP               SEVP in charge of Digital Business                                                    Non-Permanent Member

                              SEVP in charge of Operations                                                          Non-Permanent Member
Note:

*) Substitute Chairperson I



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                                                            Corporate
                                                            Governance




PROFILE OF MEMBERS OF THE HUMAN CAPITAL COMMITTEE
                                                                         No.         Date                        Agenda
The profiles of members of the Human Capital Committee,
both those from the Board of Directors and SEVP of the                                             Talent Mobility Branch Manager
                                                                          6.    April 04, 2024
Company, can be seen in the Company Profile Chapter                                                Officials

in the Profile of Directors and Profiles of Officials One Level           7.    April 30, 2024     Talent Mobility L1A and L1B Officials
Below Directors section in this Annual Report.                                                     Talent Mobility Branch Manager
                                                                          8.    May 27, 2024
                                                                                                   Officials
INDEPENDENCE OF THE HUMAN CAPITAL COMMITTEE                               9.    June 24, 2024      Talent Mobility L1A and L1B Officials
All members of the Human Capital Committee have no
                                                                          10.   June 30, 2024      Talent Mobility L1A and L1B Officials
financial, management, share ownership and/or family
relationships with the Board of Commissioners, Directors and/             11.   August 26, 2024    Talent Mobility L1A and L1B Officials

or Controlling Shareholders or relationships with the Company,                  September 17,      Talent Mobility Branch Manager
                                                                          12.
which could affect their ability to act independently.                          2024               Officials

                                                                          13.   October 14, 2024   Talent Mobility L1A and L1B Officials
TRANSPARENCY OF THE MULTIPLE POSITIONS OF THE                                   November 08,       Talent Mobility Branch Manager
                                                                          14.
HUMAN CAPITAL COMMITTEE                                                         2024               Officials
Disclosure of transparency of concurrent positions                              November 18,
                                                                          15.                      Talent Mobility L1A and L1B Officials
of members of the Human Capital Committee from                                  2024
the Board of Directors can be seen in the Corporate                             December 05,
                                                                          16.                      Determination of Nominated Talent
Governance Chapter in the dual positions section of this                        2024
Annual Report.


TERM OF OFFICE AND PERIOD OF OFFICE OF THE HUMAN                         Information Technology Steering Committee
CAPITAL COMMITTEE
The term of office and term of office of the Human Capital               In accordance with OJK Regulation Number 11/POJK.03/2022
Committee, whether from the Board of Directors or SEVP of                concerning the Implementation of Information Technology
the Company, follows the term of office of the Directors and             by Commercial Banks, Companies are required to
Heads of Divisions of the Company who are members of                     have an Information Technology Steering Committee.
the committee.                                                           To support this, there needs to be provisions governing
                                                                         the Information Technology Steering Committee. In this
TRAINING AND COMPETENCY DEVELOPMENT                                      regard, the Board of Directors considers it necessary to
Training for Human Capital Committee members from                        regulate provisions regarding the Information Technology
the Board of Directors can be seen in the Training and/                  Steering Committee in the form of Special Policy Number
or Competency Improvement Sub-chapter for Directors                      KK.9-D concerning Governance Procedures for the Board
Members in the Corporate Governance Chapter of this                      of Directors Committee.
Annual Report.
                                                                         INFORMATION TECHNOLOGY STEERING COMMITTEE
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE                             WORK GUIDELINES
HUMAN CAPITAL COMMITTEE IN 2023                                          The working guidelines for the Information Technology
The policy of Human Capital Committee meetings                           Steering Committee refer to the Company’s internal
is to be held at least once every 3 (three) months.                      provisions, specifically the Special Policy Number KK.9-D
During 2024, the Human Capital Committee has held                        regarding the Governance Procedure of the Board of
16 (sixteen) meetings. The implementation date and                       Directors Committee.
meeting agenda are as follows..
                                                                         DUTIES AND RESPONSIBILITIES OF THE INFORMATION
                                                                         TECHNOLOGY STEERING COMMITTEE
 No.        Date                        Agenda                           Tanggung jawab Komite Pengarah Teknologi Informasi
                                                                         The responsibilities of the Information Technology
       January 08,        Talent Mobility for L1A and L1B
  1.                                                                     Steering Committee are as follows:
       2024               Officials
                                                                         1. The Information Technology Steering Committee is
       January 08,        Talent Mobility Branch Manager
  2.                                                                        responsible for the recommendations agreed upon in the
       2024               Officials
                                                                            Information Technology Steering Committee meetings.
                          Talent Mobility Branch Manager
  3.   January 17, 2024                                                  2. The Information Technology Steering Committee is
                          Officials
                                                                            responsible for reporting significant decisions made
       February 19,
  4.                      Talent Mobility L1A and L1B Officials             to the Board of Directors meetings.
       2024
                                                                         3. The committee is responsible for establishing
  5.   March 13, 2024     Talent Mobility L1A and L1B Officials
                                                                            corrective measures concerning issues related to the
                                                                            implementation of risk management in BTN.


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The tasks and functions of the Information Technology                   a. Alignment between the Information Technology
Steering Committee include providing recommendations                        development plan and the RSTI; and
to the Board of Directors on the following:                             b. Alignment between the implementation of
1. Ensuring that the Information Technology Strategic                       Information Technology development and
    Plan aligns with the Company’s business strategy, as                    the agreed-upon Information Technology
    outlined in the Long-Term Plan (RJP), When making                       Development Plan portfolio list.
    recommendations, the Committee must consider                    7. Evaluating the cost-effectiveness of IT investments
    efficiency, effectiveness, and the following factors.               concerning the planned benefits.
    a. A roadmap to achieve the Information                         8. Monitoring Information Technology performance
        Technology needs that support the Company’s                     and efforts to improve its performance.
        business strategy. The roadmap consists of the              9. Addressing issues related to Information Technology
        current state, the desired future state, and the                that cannot be resolved effectively, efficiently, and
        steps to be taken to achieve the desired future                 on time by the Users and Information Technology
        state;                                                          Providers.
    b. The resources needed;                                        10. The sufficiency and allocation of resources within the
    c. The benefits to be obtained when the RSTI is                     Bank.
        implemented, and                                            11. The effectiveness of measures to minimize risks
    d. Potential obstacles that may arise during the                    regarding the bank’s investment in Information
        implementation of the RSTI.                                     Technology to ensure that these investments
2. Deciding on proposals regarding policies, standards,                 contribute to achieving the Bank's business goals.
    and procedures related to Information Technology                12. Strategies and corrective actions concerning the
    within the Bank.                                                    implementation or risk management related to
3. Ensuring the implementation of the Information                       Information Technology, Digital, and Cyber aspects
    Technology Strategic Plan (RSTI) as outlined in the                 in the Bank.
    Company’s Work and Budget Plan (RKAP).
4. Evaluating,      directing,   and     monitoring     the         MEMBERSHIP STRUCTURE OF THE INFORMATION
    implementation       of    Information     Technology           TECHNOLOGY STEERING COMMITTEE
    operations.                                                     The structure and membership of the Information
5. Monitoring the prioritization of IT APEX and IT OPEX for         Technology Steering Committee are based on Special
    the development of Information Technology based                 Policy No.KK.9-D, regarding the Governance Procedures
    on the RSTI.                                                    of the Board of Directors, with the structure and
6. Having the authority to make decisions on                        membership as follows:
    prioritization and reallocation of IT CAPEX, IT OPEX,
    and IT Plans by considering the following aspects:


     Structure                                    Position                                 Voting            Description
          Rights                                      Information




 Chairman            President Director                                                               Permanent member

                     Vice President Director *)                                                       Permanent member

                     Director in charge of Information Technology                                     Permanent member

                     Director in charge of Risk Management                                            Permanent member

                     Director in charge of Finance                                                    Permanent member

                     Director in charge of Human Capital, Compliance, and Legal                       Permanent member

 Directors/ SEVP     Director in charge of Operations and Customer Experience                         Permanent member

                     SEVP in charge of Digital Business                                               Permanent member

                     SEVP in charge of Operations                                                     Permanent member

                     Director in charge of Institutional Funding and Network                          Non-Permanent Member

                     Director in charge of Assets Management                                          Non-Permanent Member

                     Director in charge of SME Credit & Retail Funding                                Non-Permanent Member




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        Structure                                         Position                                              Voting             Description
            Rights                                            Information




                               Director in charge of Consumer Credit and Financ-ing                                         Non-Permanent Member

                               SEVP in charge of Wholesale Banking                                                          Non-Permanent Member
Note:

*) Substitute Chairperson I




PROFILE OF TECHNOLOGY STEERING COMMITTEE                                                 Information Technology Steering Committee has held 4
MEMBERSINFORMATION                                                                       (four) meetings. The implementation date and meeting
The profiles of members of the Information Technology                                    agenda are as follows..
Steering Committee, both from the Board of Directors and
SEVP of the Company, can be seen in the Company Profile
Chapter in the Profile of Directors and Profiles of Officials                             No.       Date                       Agenda
One Level Below Directors section in this Annual Report.
                                                                                           1.   06 February      - Review of RSTI 2021-2025 & Main
                                                                                                2024               Initiatives..
INDEPENDENCE OF THE TECHNOLOGY STEERING                                                                          - IT Maturity & Organization Review.
                                                                                                                 - IT Security.
COMMITTEEINFORMATION                                                                                             - Asesmen Enterprise Finance System.
                                                                                                                 - Asesmen Data Center.
All members of the Information Technology Steering                                                               - Digital Risk Update.
Committee have no financial, management, share
                                                                                           2.   28 May 2024      - Review RSTI 2021-2025 & Inisiatif
ownership and/or family relationships with the Board                                                               Utama.
of Commissioners, Directors and/ or Controlling                                                                  - Hasil Pengukuran Digital Maturity
                                                                                                                   Assessment for Bank (DMAB).
Shareholders or relationships with the Company, which                                                            - IT Guiding Principle dan Aset Hak
could affect their ability to act independently.                                                                   Guna.
                                                                                                                 - Digital Risk Monitoring.

                                                                                           3.   29 September     - Review RSTI 2021-2025 & Inisiatif
TRANSPARENCY OF THE INFORMATION TECHNOLOGY                                                      2024               Utama.
STEERING COMMITTEE                                                                                               - IT Compliance & Security Index.
                                                                                                                 - Benefit Realization.
Disclosure of transparency of concurrent positions                                                               - Digital Risk Monitoring.
of members of the Information Technology Steering
                                                                                           4.   28 November      - Rencana Strategi Teknologi
Committee from the Board of Directors can be seen in                                            2024               Informasi (RSTI).
the Corporate Governance Chapter in the concurrent                                                               - Usulan Inisiatif Utama 2025.
                                                                                                                 - Review Kebijakan Umum TI,
positions section of this Annual Report.                                                                           Manajemen Data, dan Digital.
                                                                                                                 - Update Inisiatif 2024.
                                                                                                                 - Digital Risk Monitoring.
TERM AND PERIOD OF OFFICE OF THE INFORMATION
TECHNOLOGY STEERING COMMITTEE
The term of office and term of office of the Information                                 Transformation Steering Committee
Technology Steering Committee, whether from the
Board of Directors or SEVP of the Company, follows the                                   The function of the Transformation Steering Committee
term of office of the Directors and Heads of Divisions of                                is to assist the Board of Directors in determining priorities
the Company who are members of the committee. .                                          and deciding on the implementation of Transformation
                                                                                         initiatives in accordance with the Company's business
TRAINING AND COMPETENCY DEVELOPMENT                                                      strategy in the fields of Human Capital, Organization
Training for Information Technology Steering Committee                                   & Governance, Risk Management and Compliance
members from the Board of Directors can be seen                                          (GRC); information Technology, Digital and Network;
in the Training and/or Competency Improvement                                            Commercial Banking & Business Process, Consumer
Sub-chapter for Directors Members in the Corporate                                       Banking & Sharia; Partnership & Project Management.
Governance Chapter of this Annual Report.
                                                                                         TRANSFORMATION STEERING COMMITTEE WORK
MEETING AND IMPLEMENTATION OF DUTIES OF THE                                              GUIDELINES
INFOMATION TECHNOLOGY STEERING COMMITTEE IN                                              The working guidelines of the Transformation Steering
2024                                                                                     Committee refer to Special Policy No. KK.9-D, on the
Information Technology is carried out at least 4 (four)                                  Governance Procedures of the Board of Directors. These
times during the current year. If deemed necessary,                                      guidelines regulate the following, among others::
a meeting of the Information Technology Steering                                         1. Responsibilities of the Transformation Steering Committee.
Committee can be held at any time upon written request                                   2. Duties and Functions of the Transformation Steering
from the permanent members of the Information                                               Committee.
Technology Steering Committee. During 2024, the



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3.   Duties of the Chairman, Secretary and Members of the Transformation Steering Committee.
4.   Procedures for holding meetings.
5.   Meeting Minutes.
6.   Follow up on Meeting Minutes.


MEMBERSHIP STRUCTURE OF THE TRANSFORMATION STEERING COMMITTEE
Transformation Steering Committee is linked to the Human Capital Organization & GRC



      Structure                                  Position                              Voting Rights          Description

 Chairman           Directors in charge of Transformation and Risk Management                          Permanent member

                    Director in charge of Human Capital, Compliance, and Legal                         Permanent member

 Directors/SEVP     Directors in charge of Funds, Institutions, and Networks                           Permanent member

                    Other Directors/SEVs as relevant to the discussion                                 Non-Permanent Member



If the President Director/Vice President Director attends the Transformation Steering Committee Meeting above, he/
she will act as Chairman and have voting rights.


Transformation Steering Committee regarding IT, Digital & Network



      Structure                                  Position                              Voting Rights          Description

                                                                                                        Chairman)      Permanent
 Chairman           Director in charge of Transformation and Risk Management                 
                                                                                                        Member

                    Director in charge of Information Technology                                       Permanent member

                    Director in charge of Funds and Networks                                           Permanent member

 Directors/SEVP     SEVP in charge of Digital Business                                                 Permanent member

                    Director in charge of Human Capital, Compliance, and Legal                         Non-Permanent Member

                    Other Directors/SEVPs according to the discussion material                         Permanent member



If the President Director/Vice President Director attends the Transformation Steering Committee Meeting above, he/
she will act as chairman and have voting rights..


Transformation Steering Committee related to Business Process Improvement



      Structure                                  Position                              Voting Rights          Description

 Chairman           Director in charge of Transformation and Risk Management                           Permanent member

                    Director in charge of Consumer Credit and Fi-nancing                               Permanent member

                    Director in charge of SME Credit & Retail Funding                                  Permanent member

                    Director in charge of Institutional Funding and Network                            Permanent member

                    SEVP in charge of Wholesale Banking                                                Permanent member
 Directors/SEVP
                    Director in charge of Operations and Customer Experience                           Permanent member

                    SEVP in charge of Operations                                                       Permanent member

                    Director in charge of Human Capital, Compliance, and Legal                         Non-Permanent Member

                    Direktur/Other SEVPs as per the discussion                                         Non-Permanent Member



If the President/ Vice President Director attends the Transformation Steering Committee Meeting, they will act as the
Chairperson and have voting rights.




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                                                     Governance




Transformation Steering Committee related to Partnership & Project Management



     Structure                                   Position                             Voting Rights        Description

 Chairman            Director in charge of Transformation and Risk Management                        Permanent member

                     Director in charge of Finance                                                   Permanent member

 Directors/SEVP      Director in charge of Human Capital, Compliance, and Legal                      Permanent member

                     Other Directors/SEVPs according to the discussion material                      Non-Permanent Member



DUTIES AND RESPONSIBILITIES OF THE TRANSFORMATION                  Company Profile Chapter in the Profile of Directors and
STEERING COMMITTEE                                                 Profiles of Officials One Level Below Directors section in
1. Responsibilities of the Transformation Steering Committee       this Annual Report.
   a. The Transformation Steering Committee is
       responsible for decisions made during the                   INDEPENDENCE OF THE TRANSFORMATION STEERING
       Transformation Steering Committee meetings                  COMMITTEE
       and Board of Directors meetings.                            All members of the Transformation Steering Committee
   b. The Transformation Steering Committee is                     have no financial, management, share ownership and/
       responsible for submitting reports on Significant           or family relationships with the Board of Commissioners,
       Decisions made to the Board of Directors at least           Directors and/ or Controlling Shareholders or relationships
       once a year.                                                with the Company, which could affect their ability to act
   c. Establish improvement measures regarding                     independently.
       matters related to transformation and report
       them to the Board of Directors.                             TRANSPARENCY OF THE CONVERSE POSITIONS OF THE
2. Duties and Functions of the Transformation Steering             TRANSFORMATION STEERING COMMITTEE
   Committee                                                       Disclosure of transparency of multiple positions of
   a. Determine prioritization and decide on the                   members of the Transformation Steering Committee
       implementation of the Transformation Initiative             from the Board of Directors can be seen in the Corporate
       in line with the Bank’s Business Strategy, in the           Governance Chapter in the dual positions section of this
       following areas:                                            Annual Report.
       — Human Capital, Organization & Governance,
            Risk Management and Compliance (GRC).                  TERM AND PERIOD OF OFFICE OF THE TRANSFORMATION
       — Information Technology (IT), Digital & Network.           STEERING COMMITTEE
       — Commercial Banking & Business Process,                    The term of office and term of office of the Transformation
            Consumer Banking & Sharia.                             Steering Committee, both from the Board of Directors
       — Partnership & Project Management.                         and SEVP of the Company, follows the terms of office
   b. Decide policies related to the implementation of             of the Directors and Heads of Divisions of the Company
       Transformation Initiatives.                                 who are members of the committee.
   c. Propose policies related to Transformation
       Initiatives to be decided upon in Board of                  TRAINING AND COMPETENCY DEVELOPMENT
       Directors meetings if necessary.                            Training for Transformation Steering Committee
   d. Monitor the implementation of Transformation                 members from the Board of Directors can be seen
       Initiatives decided by the Transformation                   in the Training and/or Competency Improvement
       Steering Committee and report to the Board of               Sub-chapter for Directors Members in the Corporate
       Directors as a basis for follow-up decisions on             Governance Chapter of this Annual Report.
       Transformation Initiatives.
   e. Decision-making            authority     within    the       MEETINGS AND IMPLEMENTATION OF TASKS OF THE
       Transformation Steering Committee is adjusted               TRANSFORMATION STEERING COMMITTEE IN 2024
       to the regulations and policies applicable to               According to Special Policy No. KK.9-D, on the
       each area of discussion.                                    Governance Procedures of the Board of Directors
                                                                   Committee, the Transformation Steering Committee
PROFILE OF TRANSFORMATION STEERING COMMITTEE                       meetings are held at least twice a year. Throughout
MEMBERS                                                            2024, the Transformation Steering Committee convened
The profiles of the members of the Transformation                  a total of 31 (thirty-one) times. The dates and agendas
Steering Committee, both those from the Board of                   of the meetings are as follows.
Directors and SEVP of the Company, can be seen in the



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No.        Date                        Agenda                     No.         Date                        Agenda

      January 23,        Steering Committee Project Ultimate                                Minutes of Steering Committee –
 1.                                                                24.   October 16, 2024
      2024               January 2024                                                       Plan for CCTV Centralization

                         Discussion on Organizational                                       Minutes of Steering Committee:
                         Structure for Large Institutional         25.   October 16, 2024   Project Digital Branch W3 Oktober
2.    February 5, 2024
                         Funding Division (LIFD) & Midsize                                  2024
                         Institutional Funding Division (MIFD)
                                                                         October 23,        Minutes of Steering Committee:
                         Minutes of Meeting of Steering            26.
      February 15,                                                       2024               Organ Funding
3.                       Committee: Progress Report Pilot
      2024
                         Initial State Strategic Business Unit           October 29,        Minutes of Quick Coordination Call
                                                                   27.
                                                                         2024               Update: CIF Management
                         Minutes of Steering Committee: IFG
4.    February 5, 2024
                         Life February 2024                              29 October         Presentation of Minutes of Steering
                                                                   28.
                                                                         2024               Committee on Update BPI SME
      February 19,       Minutes of Steering Committee: IFG
5.
      2024               Life February 2024                                                 Minutes of Steering Committee:
                                                                         November 25,
                                                                   29.                      Project Digital Branch W4 November
      February 15,       Minutes of Steering Committee:                  2024
6.                                                                                          2024
      2024               Decision Engine
                                                                                            Minutes of Steering Committee:
                         Minutes of Steering Committee:                                     Capital Call Plan for Venture
      February 27,       Discussion on Proposed                          December 4,
7.                                                                 30.                      Capital – Folloow-up to the Board
      2024               Organizational Structure Changes                2024
                                                                                            of Directors Meeting on November
                         for RFD, SQDD, CCD, and WMD                                        18, 2024

      February 28,       Minutes of Steering Committee:                  December 10,       Minutes of Steering Committee:
8.                                                                 31.
      2024               Update Progress BPI KRING                       2024               Strategic Business Unit Plan

                         Minutes of Steering Committee:
9.    April 3, 2024      Discussion on Implementation Pilot
                         Initial SBU                              Business Committee
                         Minutes of Steering Committee:
10.   April 5, 2024      Organizational Structure for Divisions   The Business Committee is a Company Committee
                         under SEVP Digital Business
                                                                  which plays a role in formulating, deciding, supervising,
                         Minutes of Steering Committee:
11.   May 27, 2024       Discussion on Implementation Pilot       monitoring and evaluating the implementation of
                         Initial SBU                              business policies and strategies related to products
                         Minutes of Steering Committee:           and activities that will be and have been launched by
12.   May 31, 2024       Single relationship model for Large      the Company to monitor developments and provide
                         commercial segment
                                                                  suggestions for improvement steps related to the
                         Presentation of Minutes of Steering      Company’s business.
13.   May 30, 2024
                         Committee on Update BPI SME

                         Minutes of Steering Committee:
14.   June 25, 2024      Problematic Asset Resolution
                                                                  BUSINESS COMMITTEE WORK GUIDELINES
                         through DIRE and Tokenization            The Business Committee’s work Guidelines refer to
                         Minutes of Steering Committee:           Special Policy No. KK.9-D, regarding the Governance
15.   July 16, 2024
                         Project Digital Branch W3 Juli 2024      Procedures of the Board Committees..
                         Minutes of Steering Committee:
16.   July 23, 2024
                         Preparation of RJPP 2025-2029            DUTIES AND RESPONSIBILITIES OF THE BUSINESS
                         Minutes of Steering Committee:           COMMITTEE
17.   July 29, 2024
                         Update BPI SME
                                                                  1. The Business Committee is responsible for decisions
18.   August 13, 2024
                         Minutes of Steering Committee: DPO           made at Business Committee Meetings and Board of
                         Organization Structure
                                                                      Directors Meetings.
                         Minutes of Steering Committee:           2. The Business Committee is responsible for submitting
19.   August 13, 2024
                         Preparation of RJPP 2025-2029
                                                                      reports on Significant Decisions made to the Board
      September 19,      Minutes of Steering Committee:               of Directors Meeting at least once a year.
20.
      2024               Preparation of RJPP 2025-2029
                                                                  3. Determine corrective steps regarding matters
                         Minutes of Steering Committee:               related to Bank Product development and report to
      September 24,
21.                      Management of Customer
      2024
                         Information File (CIF)                       the Board of Directors.
      September 24,      Minutes of Steering Committee:           .
22.
      2024               Decision Engine                          BUSINESS MEMBERSHIP STRUCTURE
                         Minutes of Steering Committee:           Based on the agreement, the Business Committee
      September 25,
23.                      Project Digital Branch W4 September      membership is occupied by several positions with the
      2024
                         2024
                                                                  following details:




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                                                              Governance




                                                                                                      Voting
     Structure                                         Position                                                            Description
                                                                                                      Rights

Chairman
                                                                                                                     Chairman)       Permanent
(concurrently            Vice President Director                                                          
                                                                                                                     Member
permanent member)

                         Director in charge of Institutional Funds and Network*                                     Permanent member

                         Director in charge of Consumer Credit and Financing                                        Permanent member

                         Director in charge of Risk Manage-ment                                                     Permanent member

                         Director in charge of Information Technology                                               Permanent member

                         Director in charge of Operations and Customer Experience                                   Permanent member

 Directors / SEVP        Director in charge SME & Retail Funding                                                    Permanent member

                         Director in charge of Human Capital, Compliance, and Legal                                 Permanent member

                         SEVP in charge of Wholesale Banking                                                        Permanent member

                         SEVP in charge of Digital Business                                                         Permanent member

                         SEVP in charge of Finance                                                                  Non-Permanent Member

                         Director in charge of Asset Manage-ment                                                    Non-Permanent Member

Notes:
a. If the President Director attends the Business Committee meeting, they shall act as the chairperson.
b. *Substitute Chairperson I
c. The Business Committee meeting is deemed to have reached a quorum if attended by more than half of the total Permanent Members.


PROFILE OF BUSINESS COMMITTEE MEMBERS                                       IMPLEMENTATION OF TASKS OF THE BUSINESS
The profiles of Business Committee members from both                        COMMITTEE IN 2024
the Board of Directors and SEVP of the Company can                          Following Special Policy No. KK 9-D, regarding the
be seen in the Company Profile Chapter in the Profile                       Governance Procedures of the Board Committees, the
of Directors and Profiles of Officials One Level Below                      Business Committee meetings shall be held at least
Directors section in this Annual Report.                                    once every three (3) months. During the 2024 period,
                                                                            the Business Committee has held a total of three (3)
INDEPENDENCE OF THE BUSINESS COMMITTEE                                      meetings. The dates and agendas of the Business
All members of the Business Committee have no financial,                    Committee meetings held are as follows:
management, share ownership and/or family relationships
with the Board of Commissioners, Directors and/or
Controlling Shareholders or relationships with the Company,                  No          Date                         Agenda
which could affect their ability to act independently.
                                                                               1   February 06,        Development of BTN Paylater
                                                                                   2024                Product
TRANSPARENCY OF MULTIPLE POSITIONS OF THE
                                                                              2    February 07,        Preparation for BTN Rebranding
BUSINESS COMMITTEE                                                                 2024                Implementation
Disclosure of transparency of concurrent positions of                         3    April 02, 2024      Plan for Banking Services Cooperation
members of the Business Committee from the Board                                                       Agreement (PKS) Auto-Debit TWP, and
                                                                                                       e-TWP Application Integration with the
of Directors can be seen in the Corporate Governance                                                   Indonesian Army (TNI-AD)
Chapter in the dual positions section of this Annual Report.


TERM OF OFFICE AND PERIOD OF OFFICE OF THE BUSINESS                         Environmental, Social and Governance
COMMITTEE                                                                   Committee
The term of office and term of office of the Business
Committee, whether from the Board of Directors or                           The ESG Committee plays an active role in providing
SEVP of the Company, follows the term of office of the                      recommendations to the President Director regarding
Directors and Heads of Divisions of the Company who                         the management of business practices focused
are members of the committee.                                               on sustainable development performance (SDG).
                                                                            Additionally, the ESG Committee is actively involved
TRAINING AND COMPETENCY DEVELOPMENT                                         in identifying, measuring, monitoring, and evaluating
Training for Business Committee members from the Board                      ESG initiatives embedded in every new product and/
of Directors can be seen in the Training and/or Competency                  or service/activity, so the bank can take the necessary
Improvement Sub-chapter for Directors Members in the                        steps in alignment with the Sustainable Development
Corporate Governance Chapter of this Annual Report..                        Goals (SDGs), which include:



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1. Management of products and services that support the transition process to a low-carbon economy while
   maintaining social balance by providing equal access to capital (Sustainable Finance).
2. Management of climate change risks and their impacts on ecosystem capacity (Climate Change and Ecosystems).
3. Management of impacts on individuals, communities, and society at large (People and Community).


ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
The work guidelines of the Environmental, Social, and Governance (ESG) Committee refer to Special Policy No. KK.9-D,
regarding the Governance Procedures of the Board Committees


DUTIES AND RESPONSIBILITIES OF THE ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
The task of the Environmental, Social and Governance (ESG) Committee is to evaluate and provide recommendations
to the President Director regarding ESG, including:
1. Decisions on the Bank’s strategy impacting the environment, social aspects, and governance within the ESG
    program and roadmap.
2. Monitoring the implementation of the Bank’s ESG strategy and roadmap.
3. Providing information to the Bank’s management regarding ESG-related issues, including legislation, government
    programs, international developments, future business trends, and climate change.
4. Monitoring, evaluating, and providing recommendations on ESG reports, investor concerns, or other third-party
    feedback regarding ESG implementation.
5. Making decisions related to:
    a. Objectives and implementation guidelines of the TJSL Program.
    b. Mapping and Development of the TJSL Program TJSL.
    c. Evaluation of the TJSL Program implementation.


ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE MEMBERSHIP STRUCTURE
The Environmental, Social, and Governance (ESG) Committee is structured as follows:



      Structure                                          Position                                 Voting Rights          Description

 Chairman                    President Director                                                                   Permanent member

                             Vice President Director*                                                             Permanent member

                             Director in charge of Risk Management **)                                            Permanent member

                             Director in charge of Finance                                                        Permanent member

                             Director in charge of Consumer Credit/Financing                                      Permanent member
 Directors / SEVP
                             Director in charge of Asset Management                                               Permanent member

                             Director in charge of Human Capital and Compliance                                   Permanent member

                             SEVP Wholesale Banking                                                               Permanent member

                             Other Directors/SEVPs as relevant to the discussion topics                           Non-Permanent Member

Notes:
*) Substitute Chairman I
**) Substitute Chairman II




PROFILE OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE                             and/or family relationships with the Board of Commissioners,
COMMITTEE MEMBERS                                                           Directors and/or Controlling Shareholders or relationships with the
The profiles of members of the Environmental, Social and                    Company, which could affect their ability to act independently.
Governance (ESG) Committee, both those from the Board
of Directors and SEVP of the Company, can be seen in the                    TRANSPARENCY OF MULTIPLE POSITIONS OF
Company Profile Chapter in the Profile of Directors and Profiles of         THE COMMITTEE ENVIRONMENTAL, SOCIAL AND
Officers One Level Below Directors section in this Annual Report. .         GOVERNANCE
                                                                            Disclosure of transparency of multiple positions of
INDEPENDENCE OF THE ENVIRONMENTAL, SOCIAL AND                               members of the Environmental, Social and Governance
GOVERNANCE COMMITTEE                                                        (ESG) Committee from the Board of Directors can be
All members of the Environmental, Social and Governance (ESG)               seen in the Corporate Governance Chapter in the dual
Committee have no financial, management, share ownership                    positions section of this Annual Report.



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                                                          Governance




TERM OF OFFICE AND PERIOD OF OFFICE OF THE                             Company in the future. The description regarding
COMMITTEE ENVIRONMENTAL, SOCIAL AND GOVERNANCE                         the names of members, composition, duties and
The term of office and period of office of the Environmental,          responsibilities as well as the number of Committee
Social and Governance (ESG) Committee, whether from                    meetings has been presented in the Remuneration and
the Board of Directors or SEVP of the Company, follows                 Nomination Committee Sub-Chapter in the Corporate
the term of office of the Directors and Heads of Divisions             Governance Chapter of this Annual Report.
of the Company who are members of the committee. .
                                                                       Based on a copy of the OJK Regulation No. 34/POJK.04/2014
TRAINING AND COMPETENCY DEVELOPMENT                                    concerning       the    Nomination  and     Remuneration
Training for Environmental, Social and Governance (ESG)                Committee of Issuers or Public Companies Article 10
Committee members from the Board of Directors can be                   paragraphs 2 and 3, the Company provides a 2024
seen in the Training and/ or Competency Improvement                    remuneration package to members of the Remuneration
Sub-chapter for Directors Members in the Corporate                     and Nomination Committee other than members of the
Governance Chapter of this Annual Report.                              Board of Commissioners and an executive officer (ex
                                                                       officio) in the following table:
IMPLEMENTATION OF THE DUTIES OF THE ENVIRONMENTAL,
SOCIAL AND GOVERNANCE COMMITTEE IN 2024
The meeting policy of the Environmental, Social, and
Governance (ESG) Committee is regulated under the                                                          Amount of
                                                                           Remuneration and
                                                                                                         Remuneration
Governance Procedures of the Board Committees.                               Nomination
                                                                                                            Received
Based on this policy, ESG Committee meetings shall be                         Committee
                                                                                                      (Honorarium, THR and
held at least twice a year. In 2024, the ESG Committee                                                  PPh 21 allowance)
has conducted a total of five meetingss. The dates and
                                                                        MOCH. AMIN NURDIN                     1,183,685,358
agendas of these meetings are as follows.
                                                                                   Total                     1,183,685,358

 No.        Date                       Agenda
                                                                       Remuneration Policy Preparation Process
                          Discussion on Updated ESG Rating,
  1,   January 16, 2024   KU ESG & Revamp Quick Wins, and
                          2024 Strategic Initiatives                   As part of the implementation of Good Corporate
                          Discussion on ESG Initiatives 2024,          Governance (GCG), the company ensures that the
                          Proposed Quantitative ESG Targets            remuneration policy is formulated based on the
  2,   June 26, 2024
                          2025-2029, and BTN’s Eco-Friendly
                          Housing Project                              principles of transparency, accountability, responsibility,
                                                                       independence, and fairness.
                          Discussion on Climate Risk Stress
  3,   July 23, 2024
                          Test (CRST) Report
                                                                       In 2024, the company issued new provisions to refine
       September 24,
  4,                      Discussion on MSCI ESG Rating                the previous remuneration policy, namely Special Policy
       2024
                                                                       (KK) No. 3-B on Remuneration. This policy is designed
       November 25,       Discussion on Sustainable Finance
  5,                                                                   to ensure that the compensation and benefits system
       2024               Action Plan for 2025
                                                                       remains competitive and aligned with the developments
                                                                       in the banking industry and applicable regulations.


Implementation of Governance                                           As part of the Human Capital management strategy,
in Providing Remuneration for                                          the remuneration policy is designed to provide fair and
Commercial Banks                                                       competitive rewards to employees based on factors such
                                                                       as performance achievements, position, competence,
Remuneration and Nomination Committee                                  and labor market conditions. The implementation of
                                                                       this policy aims to increase motivation, retain top talent,
Regarding the remuneration aspect, the Remuneration                    and drive employee productivity to support sustainable
and Nomination Committee has the duty and                              business growth.
responsibility to evaluate remuneration policies based
on performance, risk, fairness with peer groups, targets               The remuneration policy is designed to support good
and long-term strategies of the Company, fulfillment                   corporate governance by applying the principle of
of reserves as regulated in statutory regulations and                  alignment between performance, risk, and reward,
income potential.                                                      ensuring that compensation given to employees does




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not encourage excessive risk-taking. This is in line with      company work targets (SKP), unit work targets (SKU)
prudential banking practices, where risk management            and individual work targets (SKI). Assessment of work
is carried out in a measured way to maintain financial         targets is carried out by comparing the realization of
health and the company’s sustainability.                       work target achievements with the respective work
                                                               targets. The Company’s Performance Management
Additionally, in its formulation, the remuneration policy      System Policy also regulates the assessment of
considers fairness and competitiveness by benchmarking         corporate cultural competence and leadership
remuneration practices in the banking industry and             competence for subordinate employees. .
taking into account employees’ contributions to the         3. The method used by the Company to state that the
company’s performance achievements. Through                    agreed performance cannot be achieved so that
this policy, the company is committed to creating a            adjustments to remuneration and the amount of
competitive and highly competitive work environment,           remuneration adjustments need to be made if such
while continuing to prioritize compliance with applicable      conditions occur
regulations and GCG principles.                                The company carries out a method of adjusting
                                                               remuneration related to performance achievement
Remuneration Policy Coverage and                               through a policy of increasing the basic salary every
Implementation per Business Unit, Per                          year, determined by the value of the previous year’s
Region and in Subsidiary Companies or                          Performance Management System and Comparatio.
Branch Offices Located Abroad                                  In this case, Comparatio can be interpreted as a
                                                               percentage value calculated based on the position
The Company’s remuneration policy has taken into               of the Permanent Employee’s basic salary towards
consideration the geographical areas of the Head               the midpoint in the Basic Salary range of the position
Office, Regional Offices and Branch Offices concerned.         held by the Permanent Employee in question. In order
The Company has a policy of providing regional                 to retain quality employees, the Company provides
allowances for certain areas in accordance with the            Production Services as a form of remuneration
Board of Directors’ decision as stipulated in KK 3-B           which is directly linked to employee performance
2023 concerning Remuneration and implemented as                assessments which are reflected in the Performance
stipulated.                                                    Management System (SMK).


Remuneration is Linked to Risk                              Remuneration Adjustments Linked to
                                                            Performance and Risk
In determining the risks associated with variable
remuneration, the Company pays attention to the risks       The company can postpone the payment of deferred
that are most influential in business activities as the     variable remuneration (Malus) or withdraw variable
main risks referring to regulatory provisions governing     remuneration that has been paid (Clawback) to officials
the implementation of risk management for commercial        who are classified as Material Risk Takers (MRT), by
banks. Remuneration that is linked to performance and       considering several factors, including:
risk includes bonuses or other equivalent forms..           1. The amount of loss or damage to the Company’s
                                                                reputation.
Performance Measurement Linked to                           2. Involvement of the employee concerned directly
Remuneration                                                    or indirectly regarding the actions or transactions
                                                                carried out.
1. Remuneration Policy is linked to performance
   assessment                                               Parties who become Material Risk Takers at least meet
   The Company has a policy regarding the                   the following criteria:
   Performance Management System which stipulates           1. Directors and/or other employees who, due to their
   that salary increases based on pay for performance           duties and responsibilities, make decisions that have
   are regulated in separate provisions regarding the           a significant impact on the Company’s risk profile or;
   Basic Salary Policy.                                     2. Directors,    Board    of     Commissioners    and/or
2. Method that links individual remuneration with               employees who receive variable remuneration with
   company performance, work unit performance and               a large value.
   individual performance The policy in the Company’s
   Performance
   Management System regulates performance target
   assessments which include work targets including




                                                                       PT Bank Tabungan Negara (Persero) Tbk    691
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                                                              Governance




The period for deferring variable remuneration to Material Risk Takers (MRT) is at least 3 (three) years, with the
deferred percentage set at 10% to 30% of the variable remuneration received where the determination of the deferred
percentage is determined by the Board of Directors.


The implementation of Malus will be imposed on Officials who are classified as Material Risk Takers with the following
conditions and/or criteria:
1. Causing significant damage to the Company’s reputation or having a negative impact on the Company’s finances
   and the Company’s business opportunities.
2. Causing significant financial losses to the Company.
3. Committing fraud, unethical behavior, and/or falsifying records.
4. Causing material risks or providing false financial statements.
5. Deliberately violating the Company’s regulatory policies and procedures.
6. Causing significant losses to related work units due to not implementing good risk management.
7. Causing a significant negative impact on the Company’s capital that is not caused by changes in the economic
   or industrial climate.
8. Intentionally disclose the Company’s confidential information to external parties.
9. Carrying out actions that could cause employees to be terminated from the Company.


Name of External Consultant and Consultant Duties Related to Remuneration Policy

Bank BTN collaborates with Willis Towers Watson who is tasked with carrying out benchmarking and/or Salary Surveys
in accordance with company requests regarding remuneration policies.


Remuneration and Facilities Packages Received by the Board of Directors and Board of
Commissioners

The remuneration and facilities received by the Board of Directors and Board of Commissioners in 1 (one) year include
the remuneration structure and details of nominal amounts, as in the table below:



                                                            Board of Commissioners                             Directors
        Types of Remuneration and
              Other Facilities
                                                            People                Million Rp       People              Million Rp

 Remuneration

 Honorarium/Salary                                              101)                  17,752         112)                  44,767

 Routine allowance (Tj. PPh21)                                  101)
                                                                                       9,854         11   2)
                                                                                                                           33,950

 Holiday allowance                                              101)                    1,623        112)                    3,791

 Tantiem                                                         81)                 40,925           10                   103,434

 Total Remuneration (a)                                                               70,154                               185,942



 Post-Service Insurance                                          10                                   11                    12,591
                                                                                       3,767

 Housing Benefit                                                  -                        -          11                    3,575

 Transportation Allowance                                        10                                   11                    13,120
                                                                                       3,415

 Communications Allowance                                         -                        -          11                      305

 Total Other Facilities (b)                                                             7,182                               29,591

 Total Received (a) + (b)                                                             77,336                               215,533

 Notes:
 1) Including one member of the Board of Commissioners who no longer serves as of March 6, 2024.
 2) Including one member of the Board of Directors who starts serving as of March 6, 2024.




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Remuneration for the Board of Commissioners and Directors in one year is grouped into the following income level
ranges::



                                                             Number of Board of Commis-
                                                                                                                 Number of Directors
                                                                       sioners
          Amount of Remunera-tion
                                                                2024                  2023                       2024                    2023

 Above IDR 2 billion                                             104)                   101)                      115)                    112)

 Above IDR 1 billion - IDR 2 billion

 Above IDR 500 million - iDR 1 billion                                                   13)

 IDR 500 million and elow

 Notes:
 1) Including one member of the Board of Commissioners who no longer serves as of October 14, 2022.
 2) Including one member of the Board of Directors who no longer serves after the Annual General Meeting of Sharholders (AGMS) on March 16, 2023.
 3) The number of Board of Commissioners members who no longer serve after the Annual General Meeting of Shareholders (AGMS) on March 2, 2022.
 4) Including one member of the Board of Commissioners who no longer serves as of March 6, 2024.
 5) Including one member of the Board of Directors who starts serving as of March 6, 2024..



Variable Remuneration

Provisions related to remuneration are regulated in Special Policy KK.3-B on Remuneration and Special Policy KK.3-D
on the Income of the Board of Directors, Board of Commissioners, SEVP, and Board of Commissioners’ Organs. Variable
Remuneration is provided in the form of cash and shares or share-based instruments issued by the Company. In
determining the risks associated with Variable Remuneration, the company considers the most influential risks in
business activities as key risks, referring to regulatory provisions governing the implementation of risk management
for commercial banks.


Number of Directors, Board of Commissioners and Employees Receiving Variable
Remuneration for 1 (One) Year

Number of Directors, Board of Commissioners and Employees who receive Variable Remuneration for 1 (one) year and
the total nominal amount.



                                                                Amount received

                    Directors                                Board of Commissioners                                      Officer2)

         People               Million Rp.                    People             Million Rp.                 People                   Million Rp.

  2024         2023        2024          2023       2024          2023       2024         2023          2024         2023        2024            2023

    10            9 1)     103.433       85.896       8 3)         10 2)     40.925      38.204         12.114       11.858     607.874      609.329

 Note:
 1) 1 (one) member of the Board of Directors no longer serves after the Annual General Meeting of Shareholders (AGMS) on March 16, 2023.
 2) 1 (one) member of the Board of Commissioners no longer serves as of October 14, 2022, and one member of the Board of Commissioners no longer
    serves after the Annual General Meeting of Shareholders (AGMS) on March 2, 2022.
 3) 1 (one) member of the Board of Commissioners no longer serves as of March 6, 2024.
 4) Consists of employees who receive Production Service / Bonus.



Position and Number of Parties Who Are Material Risk Takers

In determining employees identified as MRT, the Bank takes a qualitative approach. Positions classified as MRT are as
follows:
1. President Director and all members of the Board of Directors for implementation from year 1 to year 3.
2. Main Director, all members of the Board of Directors, Heads of Business Divisions, Heads of Regional offices, and
    Heads of Branches for implementation in the 4th year and thereafter.
3. The Board of Directors determines the position of head of the Business Division classified as MRT when the policy is
    implemented




                                                                                               PT Bank Tabungan Negara (Persero) Tbk              693
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                                                       Corporate
                                                       Governance




                                                                    management and all employees. The policy of granting
                                                                    share options at the Extraordinary General Meeting of
                                     Number of Parties that
No.               Position                                          Shareholders (EGMS) held on 6 October 2009 approved
                                        Become MRT
                      Become MRT




                                                                    the issuance of new shares in the Company’s savings a
  1.   President Director                      1                    maximum of 30% or a maximum of 2,723,142,857 shares
 2.    Vice President Director                 1                    of the total shares that have been issued and fully
                                                                    paid up after the issuance of new shares so that the
 3.    Director                                9
                                                                    ownership of the Republic of Indonesia becomes at least
 4.    President Commissioner                  1
                                                                    70% or 6,354,000,000 shares of all shares that have been
 5.    Vice President                          1                    issued and fully paid up after issuance of new shares.
       Commissioner

 6.    Member of the Board of                  7                    The issuance of new shares in the savings in question is
       Commissioners
                                                                    offered to the public through an Initial Public Offering (IPO)
                                                                    which includes the allotment of shares to Management
Shares Options held by Directors, Board of                          and Employees or Management and Employee Stock
Commissioners and Executive Officers                                Allocation (MESA) as well as the granting of option rights
                                                                    to Management and Employees or Management and
The Company has a share ownership program by                        Employee Stock Options Plan (MESOP).
management or the Management Stock Option
Program (MSOP) and by employees or the Employee                     Disclosure of Shares Option Stages 1, 2, 3 Directors,
Stock Option Program (ESOP) as part of appreciation for             Commissioners and Executive Officers of the Bank as of
                                                                    31 December 2024



MESOP Level 1

                                                           Number of Options
                                         Number
                                         of Shares                        Which         Option Price
 No.      Name and Positions                                                                                 Time period
                                          Owned          Provided        Has Been          (Rp.)
                                         (Shares)        (Shares)        Executed
                                                                         (Shares)

 Board of Commissioners

  1.   Chandra Martha Hamzah                       -                -              -            -                   -

  2.   Iqbal Latanro                               -                -              -            -                   -

  3.   Ahdi Jumhari Luddin                         -                -              -            -                   -

 4.    Andin Hadiyanto                             -                -              -            -                   -

 5.    Armand B. Arief                             -                -              -            -                   -

 6.    Herry Trisaputra Zuna                       -                -              -            -                   -

  7.   Himawan Arief S.                            -                -              -            -                   -

  8.   Sentot A. Sentausa                          -                -              -            -                   -

 Directors

  1.   Haru Koesmahargyo                           -                -              -             -                  -

  2.   Nixon L. Pahotan Napitupulu                 -                -              -             -                  -

  3.   Andi Nirwoto                                -                -              -             -                  -

  4.   Jasmin                                      -                -              -             -                  -

  5.   Setiyo Wibowo                               -                -              -             -                  -




694          PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                    2024
                                                                                            Annual Report




                                                  Number of Options
                                    Number
                                    of Shares                  Which         Option Price
No.      Name and Positions                                                                        Time period
                                     Owned      Provided      Has Been          (Rp.)
                                    (Shares)    (Shares)      Executed
                                                              (Shares)

 6.   Elisabeth Novie Riswanti             -        76,500        76,500          855            Feb 2011-Ags 2014

 7.   Hirwandi Gafar                       -        58,000        58,000          855            Feb 2011-Ags 2014

 8.   Nofry Rony Poetra                    -        77,000          77,000        855            Feb 2011-Ags 2014

 9.   Eko Waluyo                           -         51,000         51,000        855            Feb 2011-Ags 2014

Executive Officer                   7,430,600    6,925,500     6,925,500          855            Feb 2011-Ags 2014

Employee                                   -    136,751,500   136,751,500         855            Feb 2011-Ags 2014


MESOP Level 2

                                                      Jumlah Opsi
                                    Number
                                    of Shares                  Which         Option Price
No.         Nama dan Jabatan                                                                       Time period
                                     Owned      Provided      Has Been          (Rp.)
                                    (Shares)    (Shares)      Executed
                                                              (Shares)

Board of Commissioners

 1.   Chandra Martha Hamzah                -             -              -               -                   -

 2.   Iqbal Latanro                        -             -              -               -                   -

 3.   Ahdi Jumhari Luddin                  -             -              -               -                   -

 4.   Andin Hadiyanto                      -             -              -               -                   -

 5.   Armand B. Arief                      -             -              -               -                   -

 6.   Herry Trisaputra Zuna                -             -              -               -                   -

 7.   Himawan Arief S.                     -             -              -               -                   -

 8.   Sentot A. Sentausa                   -             -              -               -                   -

Directors

 1.   Haru Koesmahargyo                    -             -              -               -                   -

 2.   Nixon L. Pahotan Napitupulu          -             -              -               -                   -

 3.   Andi Nirwoto                         -             -              -               -                   -

 4.   Jasmin                               -             -              -               -                   -

 5.   Setiyo Wibowo                        -             -              -               -                   -

 6.   Elisabeth Novie Riswanti             -        55,000        55,000        1,297.44         Feb 2012-Ags 2015

 7.   Hirwandi Gafar                       -        43,000        43,000        1,297.44         Feb 2012-Ags 2015

 8.   Nofry Rony Poetra                    -        59,500        59,500        1,297.44         Feb 2012-Ags 2015

 9.   Eko Waluyo                           -         41,000         41,000      1,297.44         Feb 2012-Ags 2015

Executive Officer                   7,430,600    5,467,500     5,467,500        1,297.44         Feb 2012-Ags 2015

Employee                                   -    102,442,500   102,442,500       1,297.44         Feb 2012-Ags 2015




                                                                    PT Bank Tabungan Negara (Persero) Tbk       695
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                                                                 Governance




MESOP Level 3

                                                                            Number of Options
                                             Number
                                             of Shares                                  Which        Option Price
 No.       Name and Positions                                                                                            Time period
                                              Owned                  Provided         Has Been          (Rp.)
                                             (Shares)                (Shares)         Exe-cuted
                                                                                       (Shares)

 Board of Commissioners

  1.   Chandra Martha Hamzah                              -                      -              -             -                -

  2.   Iqbal Latanro                                      -                      -              -             -                -

  3.   Ahdi Jumhari Luddin                                -                      -              -             -                -

  4.   Andin Hadiyanto                                    -                      -              -             -                -

  5.   Armand B. Arief                                    -                      -              -             -                -

  6.   Herry Trisaputra Zuna                              -                      -              -             -                -

  7.   Himawan Arief S.                                   -                      -              -             -                -

  8.   Sentot A. Sentausa                                 -                       -             -             -                -

 Directors

  1.   Haru Koesmahargyo                                  -                       -             -             -                -

  2.   Nixon L. Pahotan Napitupulu                        -                       -             -             -                -

  3.   Andi Nirwoto                                       -                       -             -             -                -

  4.   Jasmin                                             -                       -             -             -                -

  5.   Setiyo Wibowo                                      -                       -             -             -                -

  6.   Elisabeth Novie Riswanti                           -                  56,000        56,000       1,098.36       Feb 2013-Ags 2016

  7.   Hirwandi Gafar                                     -                  47,500        47,500       1,098.36       Feb 2013-Ags 2016

  8.   Nofry Rony Poetra                                  -                  61,500         61,500      1,098.36       Feb 2013-Ags 2016

  9.   Eko Waluyo                                         -                  44,500        44,500       1,098.36       Feb 2013-Ags 2016

 Executive Officer                            7,430,600                5,566,500        5,566,500       1,098.36       Feb 2013-Ags 2016

 Employee                                                 -         102,367,500        102,367,500      1,098.36       Feb 2013-Ags 2016



The MESA and MESOP programs were completed in 2016.                               Number of Recipients and Total Amount
Since then Bank BTN has had no Share Option program                               of Variable Remuneration that is
for Directors, Board of Commissioners, Executive Officers                         Unconditionally Guaranteed
and Employees.
                                                                                  Bank BTN does not have a policy of granting Variable
Highest and Lowest Salary Ratio                                                   Remuneration (RBV) and without conditions, because
                                                                                  the policy of granting RBV is applied uniformly without
                                                                                  considering the length of the work period. Bank BTN is
             Salary Ratio                   2024              2023                committed to implementing a competitive, fair and
                                                                                  balanced remuneration system and always ensuring
 Highest and Lowest Employee
                                           25,00 : 1          22,44 : 1           that no employee receives compensation below the
 Salaries
                                                                                  provisions set by the Government. Bank BTN also reviews
 Highest and Lowest Directors'
                                              1,18 : 1          1,18 : 1
 Salaries                                                                         and updates its remuneration policy so that it is relevant
 Highest and Lowest                                                               to industrial developments and business strategies and
                                               1,11 : 1          1,11 : 1
 Commissioner Salaries                                                            gradually adopts aspects of compliance with applicable
 Highest Directors' and Highest                                                   banking regulations regarding remuneration.
                                             2,89 : 1          2,92 : 1
 Employees' Salaries

 Notes:
 * The highest employee salary is that of a permanent employee with
   the highest salary.
 * The lowest employee salary is that of a permanent employee with
   the lowest salary.




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Number of Employees Affected by                                             Informasi Kuantitatif
Termination of Employment and Total
Nominal Severance Pay Paid
                                                                               Variable
Table of Limited Voluntary Pension Program                                     Types of           Not Delayed            Postponed
(PPST)                                                                       Remuneration

                                                                                   Cash            115,487 million        6,978 million
        The nominal amount of                   Number of PPST
         sever-ance pay paid                      Employees                       Shares                 -            19,886,798 (shares)
No.
         per person in 1 (one)
                 year                           2024            2023

 1.     Above IDR 1 billion                       2                -        Public Accountant
        Above IDR 500 million - 1
 2.                                               2                6
        billion                                                             External Audit Function
 3.     IDR 500 million and below                 -                1
                                                                            The Company appoints an External Auditor to conduct
                                                                            an audit of the Financial Statements for the Fiscal
Total Amount of Deferred Variable                                           Year 2024. This is in compliance with the Financial
Remuneration                                                                Services Authority Regulation No. 37/PJOK.03/2019 on
                                                                            Transparency and Publication of Bank and Regulation
                                                                            of the Minister of State-Owned Enterprises Number PER-
    Deferred Variable                      Deferred Variable                2/MBU/03/2023 concerning Guidelines for Governance
  Remuneration in 2024                   Remuneration in 2023
                                                                            and Significant Corporate Activities of State-Owned
Cash            Rp 6.977 million        Cash           Rp 4,961 million     Enterprises. The External Auditor is required to provide
                                                                            accountable, independent, and fair information and
Share       19.886.798 (shares)         Share      13,398,206 (shares)
                                                                            data, particularly regarding financial, operational, and
                                                                            regulatory compliance aspects.
Total Amount of Deferred Variable
Remuneration Paid for 1 (One) Year                                          External audits are carried out by independent parties
                                                                            who have fulfilled the requirements to ensure that
                                                                            the Company's accounting records are required to
    Deferred Variable                      Deferred Variable                report Bank Risk profiles Bank Wide. The risk profile
  Remuneration in 2024                   Remuneration in 2023
                                                                            report includes an assessment of Inherent Risk and
Cash            Rp, 1,818,911,901       Cash           Rp 603,096,246       an assessment of the Quality of the Company's Risk
                                                                            Management Implementation. prepared in accordance
Share        4,989,708 (shares)         Share         1,757,934 (lembar)
                                                                            with the provisions of the Statement of Accounting and
                                                                            Financial Standards (PSAK) and the reports prepared
Total Amount of Deferred Variable                                           present the financial position and business results
Remuneration Paid for 1 (One) Year                                          fairly and the business operations carried out by the
                                                                            Company do not violate the provisions of the applicable
A. Fixed Remuneration                                                       regulations.

 Type of Remuneration                             Amount
                                                                            Appointment of Public Accountant
Cash                                            148,509 million
                                                                            The Company appointed a public accounting firm
Shares/share-based
instruments issued by Bank                               -                  (KAP) through the GMS in connection with the need
BTN                                                                         for an Audit of Financial Reports for the 2023 Fiscal
                                                                            Year. The appointment of a Public Accountant (AP)
B. Variable Remuneration                                                    and Public Accounting Firm was carried out through a
                                                                            tender mechanism for the procurement of general audit
    Type of                                                                 services, with the following qualifications:
                            Not Delayed                 Postponed
 Remuneration
                                                                            1. Is a Public Accounting Firm that is ranked in the top 10
         Cash                 115,487 million            5,193 million          (ranking based on the official Public Accounting Firm
                                                                                association);
        Shares                      -                 11,410,700 (shares)
                                                                            2. Have a certificate of affiliation with an international
                                                                                KAP;




                                                                                       PT Bank Tabungan Negara (Persero) Tbk         697
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                                                     Corporate
                                                     Governance




3. Have experience conducting general audits on                      are stated in a Statement Letter and submitted by KAP
    banks that have gone public and have assets of at                before the professional assignment period begins.
    least IDR 100 trillion;
4. Having experience in auditing the Micro and Small              The Board of Commissioners based on the proposal of the
    Business Funding Program (PUMK).                              Audit Committee has appointed the Public Accounting
5. The Public Accounting Firm (KAP) and Public                    Firm KAP, Sungkoro & Surja (Ernst & Young Global Limited)
    Accountant (AP) are actively registered with the              as the winner of the procurement for Public Accounting
    Financial Service Authority (OJK), the Ministry of            Firm Services for 2024. This firm will audit the Financial
    Finance, and the Audit Board of Indonesia (BPK).              Statements of PT Bank Tabungan Negara Tbk for the
6. The KAP and AP are not currently subject to any                2024 fiscal year, as stated in the Board of Commissioners’
    sanctions by the OJK or the Ministry of Finance.              letter No. 2/KOM/BTN/I/2024 dated January 10, 2024.
7. The KAP has at least 100 (one hundred) auditors or             Furthermore, the General Meeting of Shareholders (GMS)
    another number according to the Company’s risk                of PT Bank Tabungan Negara (Persero) Tbk on March 6,
    intensity.                                                    2024, approved the appointment of the Public Accounting
8. The appointment of the Signing Partner (the                    Firm KAP Purwantono, Sungkoro & Surja (Ernst & Young
    responsible Partner) by the Public Accounting Firm            Global Limited), as stipulated in the Forth Agenda Item.
    may be carried out for a maximum audit period of 7            The legal basis for the audit assignment of the Financial
    (seven) cumulative fiscal years. The Signing Partner          Statement and the Financial Statements of the Micro and
    may be reappointed after a cooling–off period of 5            Small Business Funding Program (PUMK) for the 2024
    (five) consecutive fiscal years.                              fiscal year of PT Bank Tabungan Negara (Persero) Tbk has
9. To ensure a fresh eye perspective, the audit team              been formalized in the Cooperation Agreement (PKS) No.
    must be rotated if an auditor has audited the                 06/PKS/FAD/XI/2024 dated November 20, 2024.
    Company for more than 5 (five) years.
10. The Public Accounting Firm’s Service Agreement                The appointment process for Public Accounting Firm (KAP)
    must at least include the audit scope following SEOJK         services follows the regulations set by the Financial Services
    No. 18/SEOJK.03/2023 and OJK Regulation No 9. Of              Authority (OJK), specifically POJK Number 9 of 2023 on
    2023, including a review of the achievement of the            the Use of Public Accountant and Public Accounting Firm
    Board of Directors’ Key Performance Indicator (KPI),          Services in Financial Services Activities. The procedures for
    collectively and individually, as stipulated in the           using KAP services refer to SE OJK Number 18/SEOJK.03/2023,
    Regulation of the Minister of State-Owned Enterprises         which outlines the guidelines for utilizing Public Accountant
    No. PeR-2/MBU/03/2023 concerning Guidelines for               and Public Accounting Firm services in financial services
    Governance, and Significant Activities of State own           activities. Under these provisions, The Company has limited
    Enterprises; and                                              the use of audit services for annual historical financial
11. AP, KAP and people within KAP in providing services are       information from the same Public Accountant (AP) to a
    required to fulfill independent conditions during the         cumulative period of 7 (seven) years
    audit period and professional assignment period, which        .




Public Accounting Firm, Name of Accountant and Fee

Table of Public Accounting Firms, Accountant Names and Fees Year Public accounting firm Period
CHAP Name

                                             Period            Name of Accountant
   Year      Public accounting firm                                                        AP eriod          Audit Service Fee
                                             CHAP             (Responsible Partner)

   2024     Purwantono, Sungkoro & Surja    10th period    Christophorus Alvin Kossim      2nd period         Rp5,075,000,000

   2023     Purwantono, Sungkoro & Surja    9th period     Christophorus Alvin Kossim       1st period        Rp4,800,000,000

   2022     Purwantono, Sungkoro & Surja    8 period
                                             th
                                                               Muhammad Kurniawan          2   nd
                                                                                                    period    Rp4,390,000,000

   2021     Purwantono, Sungkoro & Surja    7 period
                                             th
                                                               Muhammad Kurniawan           1 period
                                                                                             st
                                                                                                              Rp4,050,000,000

   2020     Purwantono, Sungkoro & Surja    6 period
                                             th
                                                                      Yovita                1 period
                                                                                             st
                                                                                                              Rp3,249,000,000

   2019     Purwantono, Sungkoro & Surja    5th period         Muhammad Kurniawan          Period to 1        Rp2,650,000,000

   2018     Purwantono, Sungkoro & Surja    4th period                Yasir                2nd period         Rp2,367,000,000

   2017     Purwantono, Sungkoro & Surja    3 period
                                             rd
                                                                      Yasir                 1 period
                                                                                             st
                                                                                                              Rp2,290,000,000




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Fees and Other Services Provided by                          6. Realizing sustainable governance that is able to
Accountants                                                     maintain economic stability and is inclusive in
                                                                nature, prioritizing harmony between economic,
During 2024, no other services were provided by                 social and environmental aspects in all activities and
accountants.                                                    processes that are carried out and implemented by
                                                                prioritizing Environmental, Social and Governance
Audit Opinion                                                   (ESG) aspects).
                                                             .

         Year                    Audit Opinion               Supervision by Management and Control
                                                             Culture
          2024            Reasonable Without Exceptions

          2023            Reasonable Without Exceptions      The Board of Commissioners is responsible for
          2022            Reasonable Without Exceptions      ensuring that the Board of Directors has monitored
          2021            Reasonable Without Exceptions      the effectiveness of the implementation of the internal
                                                             control system, so that the Board of Commissioners has
          2020            Reasonable Without Exceptions
                                                             an active role in ensuring that there are improvements
          2019            Reasonable Without Exceptions      to the Company’s problems that can reduce the
          2018            Reasonable Without Exceptions      effectiveness of the internal control system. The Board
                                                             of Directors is responsible for establishing policies and
                                                             strategies as well as internal control procedures. The
Internal Control System                                      Board of Directors is also responsible for monitoring
                                                             the adequacy and effectiveness of the internal control
The implementation of the internal control system is         system. The Board of Commissioners and Directors are
carried out in order to support the achievement of the       responsible for improving work ethics and high integrity
Company’s performance objectives, increase value for         as well as creating an organizational culture that
stakeholders, minimize the risk of loss and maintain         emphasizes to all Bank employees the importance of
compliance with applicable laws and regulations. The         internal control that applies in the Company.
Company implements an internal control system as an
important supervisory component in the management            Furthermore, the monitoring process by management
of the Company and as a reference for healthy and            and a wellimplemented control culture encourage
controlled operational activities. The Company refers to     the creation of a Control Environment that reflects the
COSO (Committee of the Sponsoring Organizations of           overall commitment, behavior, concern and steps taken
the Treadway Commission) - Internal Control Integrated       by the Board of Commissioners and Directors in carrying
Framework in preparing an internal control framework         out the Bank’s operational control activities. The Control
to ensure the adequacy of operational and financial          Environment elements include:
controls, financial reporting, operational effectiveness     1. Adequate organizational structure and human
and efficiency, as well as compliance with applicable            resource development.
laws and regulations.                                        2. Leadership style and the Bank’s Management
                                                                 philosophy.
Control Objectives                                           3. Integrity, ethical values, and competence of all
                                                                 employees.
1.   Compliance     with    statutory   provisions    and    4. The Bank’s human resources policies and procedures.
     regulations, both regulations issued by the             5. Attention and direction provided by the Board of
     Government, Regulators, and internal regulations            Directors and other committees such as the Risk
     established by the Bank.                                    Management Committee
2.   Availability of financial reporting with integrity      6. Methods adopted by Bank Management in carrying
     that is correct, accurate, complete, and timely,            out their authority and responsibilities; And
     implemented in accordance with the provisions of        7. External factors that influence Bank operations and
     laws and regulations in the financial services sector       the implementation of risk management.
     and financial accounting standards.
3.   Effectiveness and efficiency in the Bank’s business     Risk Identification and Assessment
     activities.
4.   Increasing the effectiveness of risk culture in the     Risk assessment is a series of actions carried out by
     Bank organization as a whole.                           the Board of Directors to identify, analyze and evaluate
5.   To increase company value                               the risks faced by the Bank in achieving its business
                                                             objectives. Risks may arise or change depending on the



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                                                    Governance




Bank’s conditions. The Bank must continuously identify              2) Analyze operational data, both risk-related
and assess risks that may impact the achievement of                     data and financial data, namely verifying
its objectives. Internal control needs to be appropriately              transaction details and activities compared
reviewed if there are risks that have not been mitigated,               to the output (report) produced by the Risk
whether they are pre-existing or newly emerging risks.                  Management Work Unit.
The review process includes continuously evaluating                 3) Review the realization of the implementation
the impact of environmental and situational changes                     of the work plan and budget, in order to
as well as assessing the effects on target achievement                  identify the causes of significant deviations
and the effectiveness of internal controls in the Bank’s                and determine requirements for corrective
operational activities.                                                 actions..
                                                                 c. Information Systems Control
Operational, Financial Control and                                  Information System control is carried out by
Compliance with Legislation                                         verifying the accuracy and completeness
                                                                    of transactions in accordance with internal
Control Activities and Separation of Functions                      regulations. Information system control activities
                                                                    can be classified into 2 (two) criteria, namely:
Control activities must involve all Bank employees                  1) General control, including control over data
because it is an activity that is inseparable from every                center operations, software procurement
day-to-day function or activity of the Bank. Therefore,                 and maintenance systems, access security,
control activities will be effective if they are planned                as well as development and maintenance
and implemented to control the risks that have been                     of existing application systems. This general
identified. Control activities include establishing control             control is applied to mainframes, servers, and
policies and procedures such as determining authority,                  user workstations, as well as internal-external
authorization, reconciliation, verification, assessment of              networks.
work performance, division of tasks and safeguarding                2) Application control, applied to the programs
company assets.                                                         used by the Bank in processing transactions
1. Control Activities                                                   and to ensure that all transactions are correct,
    Control activities include policies, procedures and                 accurate and have been properly authorized.
    practices that provide confidence to Bank officials                 In addition, application controls must be able
    and employees that the Directors’ directions have                   to ensure the availability of an effective audit
    been implemented effectively. These control                         process and to check the correctness of the
    activities can assist the Bank’s Board of Directors,                audit process in question.
    including the Board of Commissioners, in managing            d. Control of Physical Assets
    and controlling risks that could affect performance             Physical asset control is implemented to ensure
    or result in Bank losses. Control activities are                the implementation of physical security for the
    implemented at all functional levels in accordance              Bank’s assets. This activity includes securing
    with the Bank’s organizational structure, which                 assets, records and limited access to computer
    includes at least:                                              programs and data files, as well as comparing
    a. Management Reviews (Top Level Reviews)                       the value of the Bank’s assets and liabilities
        Bank’s Board of Directors periodically requests             with the value stated in the control records, in
        explanations (information) and operational                  particular checking asset values periodically.
        performance      reports     from    officials and       e. Documentation
        employees so that it is possible to review                  Banks at least formalize and document policies,
        progress results (realization) compared to the              procedures, accounting systems and standards
        targets to be achieved. Based on this review, the           as well as adequate audit processes. This
        Bank’s Board of Directors can immediately detect            documentation must be updated periodically
        problems such as control weaknesses, financial              to reflect the Bank’s actual operational activities
        reporting errors or fraud.                                  and must be communicated to Bank officials
    b. Operational Performance Review                               and employees. Upon request, documents
        (functional review) Reviews carried out by the              must always be available for the benefit of
        Internal Audit Division periodically include:               internal auditors, public accountants and bank
        1) Review the risk assessment (risk profile                 supervision by regulators. The accuracy and
            report) produced by the Risk Management
            Work Unit.




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       availability of documents must be assessed by        3. The communication system must be able to provide
       internal auditors when conducting routine and           information to all parties, both internal and external,
       non-routine audits.                                     shareholders and Bank customers.
2. Separation of Functions                                     .
   Separation of functions or what is known as the          Compliance Control with Other Legislation
   “Four Eyes Principle” is intended so that each person
   in their position does not have the opportunity to       In carrying out control of compliance with statutory
   commit and hide mistakes or deviations in the            regulations, the Company has a Compliance Function
   implementation of their duties at all levels of the      which is carried out by the Compliance and Governance
   organization and all steps of operational activities,    Division. The Compliance and Governance Division
   through the following matters:                           has duties and responsibilities, including establishing
   a. The bank determines procedures (authorities)          compliance systems and procedures that will be
       including determining a list of officers who         used to formulate the Company’s internal regulations
       can access high-risk transactions or business        and guidelines, ensuring that all policies, provisions,
       activities.                                          systems and procedures, as well as business activities
   b. Avoid giving authority and responsibility which       carried out by the Company are in accordance with
       could give rise to various conflicts of interest.    OJK regulations. , Bank Indonesia and applicable laws
                                                            and regulations, including Sharia Principles as well
Accounting, Information and Communication                   as carrying out other tasks related to the Compliance
Systems                                                     Function including monitoring and maintaining the
                                                            Company’s compliance with commitments made by
The information and communication system is a process       the Company to the Financial Services Authority, Bank
of presenting reports regarding operational, financial      Indonesia, and other supervisory authorities. authorized.
activities, as well as compliance and adherence to
statutory provisions by the Bank.                           The Company always consistently carries out the
1. The accounting system includes methods and               Compliance Function which is a series of actions or steps
    records for identifying, grouping, analyzing,           that are preventive (ex-ante). These efforts are carried
    classifying, recording or posting, and reporting Bank   out, among other things, to realize the implementation
    transactions. To ensure accounting data is accurate     of a culture of compliance at all levels of the Company’s
    and consistent with available data based on system      organization and business activities; managing
    processing results, the reconciliation process          compliance risks; as well as ensuring the Company’s
    between accounting data and the management              compliance with the Financial Services Authority and/or
    information system must be carried out periodically.    other competent supervisory authorities.
    Any irregularities that occur must be immediately
    investigated and the problem resolved. The              Monitoring Activities and Deviation Correction
    reconciliation process must also be documented as       Actions
    part of the overall audit trail process requirements.
2. The information system must be able to produce           1.   Monitoring Activities
    reports regarding business activities, financial             a. Banks must continuously monitor the overall
    conditions, implementation of risk management                   effectiveness of the implementation of internal
    and compliance with statutory provisions and                    control. Monitoring of the Bank’s main risks must
    regulations. This information system includes                   be prioritized and function as part of the Bank’s
    a system for storing and using electronic data                  daily activities, including regular evaluation,
    whose security is guaranteed, monitored by an                   both by operational work units and internal
    independent party (internal auditor) and supported              audit work units. Banks must also monitor and
    by an adequate contingency program.                             evaluate the adequacy of the internal control
                                                                    system continuously in connection with changes
                                                                    in internal and external conditions and must
                                                                    increase the capacity of the internal control
                                                                    system so that its effectiveness can be increased.




                                                                        PT Bank Tabungan Negara (Persero) Tbk    701
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   b. The steps taken by the Bank in order to carry out           Internal Control Systems for Commercial Banks, which
       effective monitoring activities include at least the       is also aligned with the Internal Control-Integrated
       following:                                                 Framework developed by The Committee of Sponsoring
       1) Ensure that the monitoring function has been            Organizations of the Treadway Commission (COSO).
           clearly defined and well structured within the         According to COSO, the objectives of internal control
           Bank organization;                                     include operational objectives, reporting objectives, and
       2) Determine the work unit/employee assigned               compliance objectives.
           to monitor the effectiveness of internal
           control;                                               In COSO it is stated that internal control is a system or
       3) Determine the appropriate frequency for                 process that is carried out by the Board of Commissioners,
           monitoring activities based on the risks               Directors, Management, and employees in a company to
           inherent in the Bank and the nature/frequency          provide adequate guarantees for the accomplishment
           of changes occurring in operational activities;        of control objectives. COSO – Internal Control Framework,
       4) Integrate the internal control system into              consists of 5 (five) control components namely:
           operational activities and provide routine              1. Environment Control, which is a fundamental
           reports which are then reviewed;                           component of the Internal Control System. This
       5) Review documentation and evaluation                         component reflects the nuances and atmosphere of
           results from work units/employees assigned                 concern for all levels of officials and leaders regarding
           to carry out monitoring; And                               the importance of effective internal control. This
       6) Determine information or feedback in an                     control environment is heavily influenced by the
           appropriate format and frequency.                          Strong Tone at the Top.
2. Improvement of Weaknesses and Correction of                    2. Risk Assessment which is a series of awareness
   Deviations                                                         of all employees on risk culture and activities of
   Weaknesses in internal control, whether identified                 evaluating, assessing, and mitigating risks.
   by the operational work unit as a risk taking unit,            3. Control Activities which include the adequacy of
   risk management work unit, compliance work unit,                   policies, provisions, and procedures as well as
   internal audit work unit, or other parties must be                 compliance in the implementation of operational
   immediately reported to the competent authorities.                 activities.
   Corrective steps that must be taken include the                4. Information and Communication Control which is
   following:                                                         the condition of both internal and external effective
   a. Any report regarding weaknesses in internal                     communication channels in accordance with their
       control or ineffective risk control must be                    respective responsibilities.
       immediately followed up by authorized officials;           5. Monitoring Control, which is the process of assessing
   b. To ensure that all weaknesses are immediately                   the effectiveness of the design and operation of
       followed up, authorized officials must create a                the internal control structure and management
       system that can track weaknesses in internal                   performance monitoring activities, whether they
       control and take corrective steps; And                         have been carried out properly and have been
   c. The results of identifying all problems in internal             corrected according to the circumstances.
       control must be reported to authorized officials.
                                                                  Review of The Effectiveness of The Internal
Compatibility with The Committee of                               Control System
Sponsoring Organizations of Treadway
Commission (COSO)                                                 In 2024, the Company has implemented internal controls
                                                                  in accordance with control principles, and overall, the
The Bank’s internal control system is regulated under             quality of the internal control system has been functioning
General Policy Number KU.7 dated December 30, 2022,               effectively. The Bank, through the Internal Audit Division
as last amended on December 24, 2024, regarding the               (IAD), conducts Internal Control Assessments (ICA)
Internal Control System. This policy refers to the Financial      periodically to evaluate the effectiveness of the internal
Services Authority Circular Letter No. 35/SEOJK.03/2017           control system. This assessment measures the quality
dated July 7, 2017, concerning Standard Guidelines for            of internal control within audited work units based




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on the five internal control components of the COSO             through the Audit Committee. Follow-up efforts had
Framework using the Internal Control Assessment (ICA)           been made to minimize risks and overcome problems
questionnaire rating methodology and the professional           that arose.
judgment of auditors through direct walkthrough testing
in the field. In 2024, BTN carried out internal controls in
accordance with control principles, ensuring that the           Statement of The Board of Directors and/or
internal control system operated effectively.                   The Board of Commissioners Regarding The
                                                                Sufficiency of The Internal Control System
Broadly speaking, the steps taken by the Company
in order to ensure the implementation of effective              The Board of Directors and the Board of Commissioners
monitoring activities, included:                                are committed to ensuring that Good Corporate
1. Ensuring that the Monitoring function has been               Governance is carried out properly as a basis for
   clearly defined and well-structured within the Bank’s        achieving goals to maintain and increase the value
   organization;                                                of the Company. One of the implementations of Good
2. Establishing Work Units or employees assigned to             Corporate Governance is ensuring that the Internal
   monitor the effectiveness of internal control;               Control System has been implemented adequately.
3. Determining the appropriate frequency for
   monitoring activities based on the risks inherent in         The Board of Directors and Board of Commissioners
   the Bank and the nature or frequency of changes              periodically review the results of the evaluation of the
   that occur in operational activities;                        effectiveness of the Company’s internal control system
4. Integrating the Internal Control System into                 carried out by IAD which includes five main control
   Operational activities and providing routine reports         components, namely the Environment Control including
   such as Bookkeeping Journals, Management                     Management Oversight and Culture of Control, Risk
   Reviews and Reports regarding the approval of                Recognition and Assessment, Control Activities and
   exceptions or aberrations from established policies          Segregation of Duties of Accountancy, Information, and
   and procedures (justification of irregularities) which       Communication, Monitoring Activities and Correction
   are then reviewed;                                           Deficiencies. Based on the results of the review that has
5. Reviewing the documentation and evaluation results           been carried out, the Board of Directors and the Board
   from the Work Unit or employee assigned to carry             of Commissioners consider that the internal control
   out monitoring;                                              system has been implemented adequately.
6. Establishing information or feedback in the right
   format and frequency.                                        This Internal Control System Standard Guide is a
                                                                guideline that contains the minimum standard
In addition, the Company also carried out an Audit on           regarding the Internal Control System that must be
Compliance with Legislation and Internal Control (PSA           enforced and applied by the Company in all aspects
62) to ensure the Company’s compliance with legal               related to the enactment and implementation of the
articles, regulations, and cooperation agreements as            Company’s operational activities, so as to create a
well as internal control compliance which includes              common understanding and basis regarding the level
control environment, Risk Identification, control activities,   of maintenance of interests and commitment from all
information, and communication as well as monitoring.           parties related to the Bank.
Evaluation of the effectiveness of the Company’s internal
control (risk control) system was carried out in all Head
Office units (division/desk/Regional Office) as well as
Branch Offices, both Conventional and Sharia. Everything
related to internal control adequacy issues had been
reported directly to the Board of Directors through the
President Director and to the Board of Commissioners




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Risk Management Report                                             In addition, the Bank also conducts Stress Testing for the
                                                                   need to update Recovery Plan documents every year as
In the context of implementing risk management and as              part of the implementation of Basel III. 31/POJK.03/2019
a followup to the implementation of Basel II, especially           dated December 2, 2019 concerning the Obligation
pillar 1, the Bank has implemented:                                to Fulfill Leverage Ratios for Commercial Banks, the
1. Credit Risk Measurement by mapping credit risk                  monthly Liquidity Coverage Ratio (LCR) to regulators as
     exposure according to portfolio categories in the             stipulated in OJK Regulation No. 42/ POJK.03/2015 dated
     calculation of Credit Risk-Weighted Assets (ATMR)             December 23, 2015 concerning the obligation to fulfill
     using the Standardized Approach, referring to                 the Liquidity Coverage Ratio for Commercial Banks, Net
     SEOJK No. 24/SEOJK.03/2021 dated October 7, 2021,             Stable Funding Ratio (NSFR) per quarter to regulators as
     concerning the Calculation of Risk-Weighted Assets            stipulated in OJK Regulation No. 50/POJK.03/2017 dated
     for Credit Risk using the Standardized Approach for           July 13, 2017 concerning the Obligation to Fulfill the Net
     Commercial Banks, in accordance with prevailing               Stable Funding Ratio for Commercial Banks.
     regulatory provisions.
2. Minimum capital requirement calculations using                  Climate Risk Stress Testing (CRST)
     the Market Risk-Weighted Assets (ATMR) calculation
     as per SEOJK No. 23/SEOJK.03/2022 concerning the              In line with global developments, since 2023, the
     Calculation of Risk-Weighted Assets for Market Risk           Financial Services Authority (OJK) has issued guidelines
     for Commercial Banks.                                         for implementing Climate Risk Stress Testing (CRST)
3. Calculation of minimum capital requirements using               aimed at financial institutions. These guidelines aim to
     the Standard Approach Operational Risk for RWA                identify and manage risks related to climate change,
     calculation by referring to OJK Circular Letter No. 06/       including physical risks and the transition towards a
     SEOJK.03/2020 dated April 29, 2020, and currently the         low-carbon economy. In response to this policy, BTN
     Bank is recording loss data related to operational            has positively integrated the OJK CRST 2023 Guidelines
     risks in accorance with Regulatory provisions.                into its risk management strategy. These guidelines
                                                                   serve as a reference for systematically assessing the
Implementation of Bank Stress Testing focuses on 3                 potential impacts of climate change. BTN is committed
(three) types of risk, namely Credit Risk, Market Risk, and        to supporting the transition to a low-carbon economy
Liquidity Risk. As an effort to improve risk measurement,          by adopting a science-based approach in climate
especially Credit Risk, Market Risk, and Liquidity Risk, the       risk analysis. Climate risk testing is conducted through
Bank conducts periodically stress tests on the worst-              scenario modeling and sensitivity analysis to identify
case scenario as stipulated in the bank’s internal                 potential impacts and mitigate possible risks.
regulations with a frequency of at least once a year for
credit risk and quarterly for market risk and liquidity risk.      Risk Appetite Statement
Stress testing is carried out periodically to assess capital
adequacy in the event of problems that have extreme                Currently, the Bank had a Risk Appetite Statement (RAS)
risk or are catastrophic but plausible. The Stress Testing         which is a qualitative statement as well as a quantitative
of Market Risk and Liquidity Risk has been carried out on          measure of the Bank's main risks. Disclosure of RAS was
a quarterly basis, while the Stress Testing of Credit Risk,        performed in writing and well documented by the Risk
Market Risk, and Liquidity Risk is carried out at least once       Management Work Unit. Determination of RAS limits is
a year.                                                            carried out by the Board of Commissioners and Directors.
                                                                   In determining RAS, economic, environmental and social
                                                                   sustainability has been taken into account which is then
                                                                   aligned to the preparation of the Company's Work Plan
                                                                   and Budget (RKAP), Risk Appetite, Risk Tolerance and
                                                                   Recovery Plan. The quantified risks included:




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Risk Appetite Statement 2024



                                     Maintain optimal levels of      Maintain liquidity at
                                    interest rate and exchange    optimal levels to support
                                         rate risk to support      profitability growth and
                                      profitability growth and       anticipate potential
                                          capital resilience          liquidity pressures


 Maintain sustainable asset
                                                                                                  Maintaining intolerance
 growth with a healthy level
      of asset quality
                                         MARKET RISK                 LIQUIDITY RISK                towards operational
                                                                                                    failures in the bank
                                                                                                business caused by human
                                                                                                factors, internal processes,
                                                                                                 systems and technology
      CREDIT RISKS                                                                                as well as maintaining
                                                                                                   resilience to external
                                                                                                factors and changes in the
                                                                                                  business environment



                                                                                                OPERATIONAL RISKS




                                                      Risk Appetite
                                                     Statement Bank




    STRATEGIC RISK


    Focus on the housing
      sector to maintain
   profitability and capital                                                                     REPUTATION RISKS
 that is in line with risk levels
      and is sustainable

                                                                                                Providing the best service
                                         LEGAL RISKS              COMPLIANCE RISKS               and resolve complaints
                                                                                                  customers completely


                                      Maintain legal policies     Committed to complying
                                       and engagement to          with applicable laws and
                                      minimize lawsuits and       regulations, external and
                                            legal risks              internal regulations




                                                                            PT Bank Tabungan Negara (Persero) Tbk      705
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                                                            Governance




Risk Appetite Statement 2025

In November 2024, The Company has set a Risk Appetite Statement for 2025 with the following details:




                                         Maintain optimal levels of         Maintain liquidity at
                                        interest rate and exchange       optimal levels to support
                                             rate risk to support         profitability growth and
                                          profitability growth and          anticipate potential
                                              capital resilience             liquidity pressures


  Maintain sustainable asset
                                                                                                           Maintaining intolerance
  growth with a healthy level
       of asset quality
                                             MARKET RISK                    LIQUIDITY RISK                  towards operational
                                                                                                             failures in the bank
                                                                                                         business caused by human
                                                                                                         factors, internal processes,
                                                                                                          systems and technology
      CREDIT RISKS                                                                                         as well as maintaining
                                                                                                            resilience to external
                                                                                                         factors and changes in the
                                                                                                           business environment



                                                                                                             OPERATIONAL RISKS




                                                           Risk Appetite
                                                            Statement




     ESG RISKS


       Committed
     to conducting
 sustainable business                                                                                          REPUTATION RISKS
     that manages
 climate change risks,
  social impacts and                                                                                             Providing the best
   shared prosperity                                                                                                  service
    and supports the                                                                                                and resolve
   net zero emission
                                STRATEGIC RISK                LEGAL RISKS          COMPLIANCE RISKS                 complaints
        transition.                                                                                                 customers
                                                                                                                    completely
                                     Focus on the                                        Committed to
                                                              Maintain legal
                                  housing sector to                                     complying with
                                                               policies and
                                maintain profitability                                 applicable laws
                                                             engagement to
                                  and capital that is                                  and regulations,
                                                             minimize lawsuits
                                in line with risk levels                             external and internal
                                                              and legal risks
                                 and is sustainable                                       regulations




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                                                                                                 Annual Report




Risk Management System

In the risk management system, the Bank carries out a risk management process that is supported by 4 pillars of risk
management implementation, namely:
1. Active Supervision by the Board of Commissioners and the Board of Directors.
2. Adequacy of risk management policies and procedures and application of risk limits.
3. Adequacy of risk identification, measurement, monitoring, and control processes as well as information systems.
4. A comprehensive Risk Control System.
.


Active Supervision of The Board of Commissioners and Board of Directors

In accordance with OJK regulation No. 65/POJK.03/2016 concerning the Implementation of Risk Management for Sharia
Commercial Banks and Sharia Business Units, effective risk management implementation is carried out through active
supervision by the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board. This supervision
is supported by the Risk Management Work Unit, as illustrated in the risk management organization structure below:



Organs of the Board of Commissioners and Directors                         Risk Management Work Unit


       Board                Directors             Board Sharia
                                                                                Risk Management Work Unit, a work
    Commissioner                                Supervisor (DPS)                unit tasked with identifying, measuring,
                                                                                monitoring and controlling risks to assist
                                                                                the duties and responsibilities of the Board
                                                                                of Directors



                                                                                Compliance Work Unit, a work unit tasked
                                                                                with carrying out compliance functions
                                                                                and preventive measures to assist the
                                                                                duties and responsibilities of the Board of
                                                                                Directors



                                                                                Internal audit work unit, a work unit tasked
                                                                                with ensuring the Bank’s internal control to
1   Risk Monitoring   1   Aset & Liabilitas (ALCO) Committee                    assist the duties and responsibilities of the
2   Committee Audit   2   Information Technology Steering                       Board of Directors
3   Committee         3   Committee
    Remuneration      4   Risk Management Committee
    and Nomination    5   Human Capital Committee
                                                                                Policy Work Unit, work unit tasked with
    Committee         6   Credit Policy Committee
                                                                                managing Bank policies and procedures
                      7   Credit Committee                                      to assist the duties and responsibilities of
                      8   Business Committee                                    the Board of Directors
                      9   Transformation Steering Committee
                          ESG Committee



The organ of the Board of Commissioners and the Board of Directors is assisted by several committees in carrying out
banking duties and activities in accordance with applicable Regulatory provisions; then, the duties are forwarded to
the layers under the body of the Board of Commissioners and Board of Directors, namely the Risk Management Work
Unit, Compliance Work Unit, Internal Audit Work Unit, and Policy Work Unit.


Adequacy of Risk Management Policies and Procedures and Determination of Risk Limits

In implementing healthy risk management, adequate risk management policies and procedures are required.
The Company currently has a General Risk Management Policy (KUMR) as the highest policy in implementing Risk
Management with a framework covering all activities in implementing the Company’s Risk Management.


The general risk management policy mapping was illustrated starting from the risk management strategy, risk
management at the Bank, and the expected output is a healthy Bank Soundness Level.




                                                                       PT Bank Tabungan Negara (Persero) Tbk                707
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                                                                                                Governance




                                                                                             output:

     Corporate
      Strategy                                                                              Good Bank
                                                                                            Health Level                                  Management of Types of Risk in Banks


                                              RISK MANAGEMENT                                                                     Credit Risk               Credit Risk Management
                                                  STRATEGY
                                                                                                                                  Market Risk
                                                                                                                                                            Market and Liquidity Risk
                                      RISK MANAGEMENT LIMITS                                                                                                Management
 Risk Appetite/                                                                                                                   Liquidity Risk
 Risk Tolerance
                       Risk                                                                       Risk
                       Credit                          g | Ident                           Operational                                                      • Operational, Legal,
                                                   rtin         ifi                                             Capital
                                                 po                                                             Strategy          Operational Risk            Compliance and Reputation
                       Risk                                                                        Risk                                                       Risk Management



                                                                        ca
                                                 Re




                       Market                                                                 Liquidity



                                                                          tio
   Recovery &                                                                                                                     Legal Risk                • IT, Cyber and Digital Risk
                                        ontrol |




                                                        Process

                                                                             n | Measu
 Resolution Plan                                                                                                                                              Management
                       Risk                                                                      Risk
     (RRP)
                       Law
                                                      Management                           Reputation
                                                                                                                                  Compliance Risk           • Risk Management for New
                                                                                                                                                              Activities and Products
                                                          Risk
                                     | C




                                                                                                                                  Reputational Risk         • Business Continuity
                       Risk                                                                      Risk
                                                                                                                                                              Management
                       Strategic                                                           Obedience
                                                                                      re
                                            g




                                                                        m
                                                 en          rin
                                                   t | Monito
Risk Management        Risk                                                                       Risk       • Business                                     Strategic Risk Management
   Organization        yield                                                               Investment          Continuity         Strategic Risk            Recovery Plan and Resolution
                                                                                                               Management                                   Plan
                               RISK MANAGEMENT INFORMATION SYSTEM                                            • Contingency
                                                                                                               Plan               Return Risk
    Control                                           RISK CULTURE                                           • Penerapan                                    Sharia Risk Management
    Internal                                                                                                   Manajemen          Investment Risk
                                   RISK MANAGEMENT GUIDELINES                                                  Risiko




In addition to the adequacy of risk management policies and procedures, the Bank had also conducted a series of
processes in setting risk limits which were formulated and elaborated by following and/or aligning with the Company’s
Work Plan and Budget to the Recovery Plan in accordance with applicable regulations. The illustration of setting limits
is as follows:



                                                                                                                             RKAP
                         RKAP                                     1
                                                                                                                             Company Work Plan and Budget prepared for the next 1
                                                                Bussiness as Usual                                           (one) year

                                                                                                                             Risk Appetite (RA)
                    RISK APPETITE                             2
                                                                                                                             Risk Appetite is the level of risk that the Bank is willing to
                                                                Contingency Actions
                                                                                                                             take in order to achieve targets

                  RISK TOLERANCE                            3                                                                Risk Tolerance (RT)

                                                              Recovery Plan Actions                                          Risk Tolerance is the maximum risk level set by the Bank


         RECOVERY PLAN REPAIR                             4                                                                  Recovery Plan
                                                                 Recovery Plan Actions
                                                                                                                             The Recovery Plan is an Action Plan to overcome financial
                                                                                                                             problems that may occur
               RECOVERY PLAN
                 RECOVERY                               5
                                                                                                                             Resolution Plan
                                                                      Recovery Plan Actions
                                                                                                                             The Resolution Plan is a resolution strategy for LPS in
                                                                                                                             handling or resolving banks that have been designated
         RESOLUTION PLAN                              6                                                                      as failed banks.




In strengthening risk management policies and procedures, in the practice, Bank BTN also included risk management
as one of the pillars of the Bank’s corporate culture, where one of the pillars of corporate culture is Governance & Risk
Culture. The Governance & Risk Culture pillar is an urgent and crucial pillar to be strengthened so that all business
processes run prudently and comply.




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                                 The Best Mortgage Bank in Southeast
                                            Asia by 2025                                                                                        AKHLAK BTN

                                                     4 Pillars of Culture
                                                                                                                                             To achieve BTN’s
      Increase Growth
     and Meet Customer                Clean and Trusted                Superior Performance                   Keep learning
                                                                                                                                             vision as The Best
        Expectations                                                                                                                         Mortgage Bank in
                                                                                                                                             SEA 2025.
              Sales &                        Governance                      Performance
                                                                                                                                             The Best Mortgage
                                                                                                            Learning Culture                 Bank in Southeast
          Service Culture                   & Risk Culture                     Culture
                                                                                                                                             Asia in 2025 must
                                                                                                                                             uphold the 4 pillars
                                                  8 Perilaku Utama BTNers                                                                    of culture in carrying
                                                                                                                                             out work activities in
      1                2                3                 4                 5                6                7                8             their respective Work
 Hold on firm       Continue       Discipline,          Mutual         Responsible        Proactive,       Respond          Open to          Units.
  and obey         learning to    consistency          respect,        and always         effective        quickly to     collaboration
   business          improve      and duty in        appreciation        puts the       and efficient      changes       that produces
  ethics and      competence      completing        and openness     interests of the    in meeting      and provide      added value
 regulations                     tasks with the     to differences    Company first       customer       opportunities
 that applies                     best quality                                              needs          to make
                                    results                                                               continuous
                                                                                                        improvements
                                                                                                                                             The Governance &
                                                                                                                                             Risk Culture pillar
                                                                                                                                             is an urgent and
                                                                                                                                             crucial pillar to be
                     AKHLAK: Core Values and 18 Behavioral Guidelines                                                                        strengthened       so
                                                                                                                                             that   all   business
                                                                                                                                             processes         run
                                                                                                                                             prudent     and     in
                                                                                                                                             comply.

    Trustworthy             Competent             Harmonious                Loyal                Adaptif           Collaborative




Based on the picture above, to support Bank BTN’s                                           Adequacy of Risk Identification, Measurement,
objectives based on the Main Values of AKHLAK and the                                       Monitoring and Control Processes and
8 (eight) Main Behaviors of BTNers, there are four cultural                                 Information Systems
pillars which are the main foundation of the 2023 – 2024
Corporate Culture Program, with the objectives namely:                                      The processes of risk identification, measurement,
1. Sales & Service Culture – Add to Grow and Meet                                           monitoring, and control are carried out by the Risk &
     Customer Expectation The end state achievement                                         ESG Management Division (ERMD) and the Operational
     is increasing sales of funding, lending, and digital                                   & Digital Risk Management Division (DORD). These units
     products and improving service quality to encourage                                    identify and measure each type of risk while conducting
     Bank BTN’s business and performance,                                                   periodic monitoring and control to mitigate significant
2. Risk & Governance Culture – Clean and Reliable Build                                     risks to the Bank. Risk identification, measurement,
     awareness and understanding of risks and their                                         monitoring, and control are key components of the risk
     mitigation and apply risk management principles                                        management implementation process.
     consistently and comprehensively.
3. Performance Culture – Excellent Performance                                              Matters that are of concern to the Company in carrying
     Performance improvement efforts to achieve set                                         out the processes of identification, measurement,
     goals, and;                                                                            monitoring, control, and risk management information
4. Learning Culture – Keep Learning Build enthusiasm                                        systems are as follows:
     for learning and improving critical competencies
     such as Sales, Digital Analytics, Risk & Collection                                    Risk Identification
     competencies as well as strengthening BTNers’                                          Risk identification is the process of discovering,
     understanding of the importance of culture and the                                     recognizing, and documenting risks. The objective of this
     application of AKHLAK in everyday life.                                                process is to identify all types of risks inherent in each
By using these 4 pillars, the implementation of Bank BTN’s                                  functional activity that could potentially cause losses, as
corporate culture program is expected to encourage                                          well as risks associated with new products and activities
the achievement of Bank BTN’s Vision.                                                       within the Bank. The risk identification process involves




                                                                                                           PT Bank Tabungan Negara (Persero) Tbk               709
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                                                      Governance




analyzing all sources of risk, risk events, and risk impacts       prepares an effective backup system and procedures
on the Bank’s products and activities while ensuring that          to prevent disruptions in the risk monitoring process and
risks from new products and activities have undergone              periodically checks and reassesses the backup system.
an appropriate risk management process before
being introduced or implemented. Additionally, the                 Risk Control
Bank conducts periodic risk identification supported by            The Bank’s risk control system adheres to established
adequate methods or systems.                                       policies and procedures. The risk control process is
                                                                   adapted to risk exposure and the level of risk the Bank
Risk Measurement                                                   is willing to take (risk appetite) within risk tolerance
Risk measurement is the process used to measure the risk           limits. Risk control can be carried out through hedging
exposure inherent in the Bank’s activities to compare it           mechanisms and other risk mitigation methods such
with the Bank’s risk appetite, enabling the Bank to take risk      as issuing guarantees, asset securitization, credit
mitigation actions and assess the adequacy of its capital          derivatives, and increasing the Bank’s capital to absorb
to cover residual risks. Risk measurement is conducted             potential losses.
periodically for products, portfolios, and all business
activities of the Bank. Risk measurement methods can               Risk Management Information System
be quantitative and/or qualitative, using standardized             The risk management information system at the Bank is
methods established by Bank Indonesia and Financial                managed jointly by several Divisions at the Bank. In the
Services Authority (OJK) for risk assessment and capital           early stages, the focus was on collecting and improving
calculation, as well as internally developed methods               the quality of the data and risk database, which is expected
tailored to business characteristics and complexity.               to be developed and applied to the risk management
The risk measurement system is evaluated and refined               information system in stages so that the process of risk
periodically or as needed to ensure the appropriateness            measurement and risk monitoring can be carried out in
of assumptions, accuracy, reasonableness, and data                 an integrated manner and can be presented in a timely
integrity, as well as the procedures used to measure               manner and in accordance with regulatory provisions
risk. Stress testing complements the risk measurement              apply.
system by estimating potential losses under abnormal
market conditions using specific scenarios to assess the           Internal Control System
Bank's performance sensitivity to changes in risk factors
and identify significant impacts on the Bank’s portfolio.          In carrying out the process of implementing effective
Stress testing is conducted regularly, with the results            Risk Management, the Company completes an internal
reviewed, and appropriate actions taken if projected               control system which aims to safeguard the Company’s
conditions exceed acceptable tolerance levels. These               assets, ensure the availability of reliable financial
results serve as inputs when establishing or revising              and managerial reporting, increase compliance with
policies and limits.                                               statutory provisions and regulations, and reduce the
                                                                   risk of losses, deviations and violations. Prudential
Risk Monitoring                                                    aspects The Company has periodically reviewed the
Monitoring systems and procedures include monitoring               effectiveness of its internal control procedures and risk
the amount of risk exposure, risk tolerance, compliance            management framework.
with internal limits, and stress testing results, as well as
implementation consistency with established policies               The employment of a reliable and effective internal
and procedures. Monitoring results are presented in                control system is the responsibility of all operational work
periodic reports submitted to management to mitigate               units and supporting work units as well as the Internal
risks and take necessary actions. The Company                      Audit Work Unit, the process of which is described as
                                                                   follows:




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                                  3 Lines of Defense                                                                          BTN 3 Lines of Defense

                                                                                                                    The 3 Lines of Defense concept, which consists of:
                                                 BoC - Audit Committee
                                                                                                                     1st      Business Functions, Operational
                                                                                                                     Line Functions, and Risk Function

                                   BoD                                                                                •    Carry out business unit activities in accordance
                                                                                                                           with the Bank’s strategic objectives
                                                                                                                      •    Carry out unit business activities in accordance
                                                                                                                           with applicable policies




                                                                                       External audit
                                                                                                                      •    Responsible for risks arising from business




                                                                                                        Regulator
                                                                                                                           activities
      1st Line of Defense    2nd Line of Defense         3rd Line of Defense                                          •    Carry out effective controls and procedures in
                                                                                                                           accordance with Bank policies and directions
  •    Control Environment   •   Develop and monitor      •   Conduct reviews and
       which is conducive        company risks                evaluations                                            2nd  Risk Monitoring Function, Compliance,
  •    Consistent            •   Supervision so that      •   Design and implemen-                                   Line and Policy Management
       implementation            business functions           tation of overall risk
       of policies and           implement risk               management and
                                                                                                                      •    Compliance Unit - Compliance Risk Management
       procedures                management and           •   Ensure that the first
                                                                                                                      •    Risk Unit - Corporate Risk Management
  •    Internal control          compliance policies          and second layers of                                    •    Policy Unit - Policy and Procedure Manager
       effective                 and standard                 defense are running
                                 procedures               •   as expected
                             •   Monitor and report
                                                                                                                     3rd      Internal Audit Function
                                 overall company risks                                                               Line

                                                                                                                      Responsible for ensuring the following:
                                                                                                                      • Compliance Unit 2nd Line Defense effectively
                             Risk management                  Audit Internal                                          • 1st Line Defense as Risk Owner has managed
  Business Functions                                                                                                     compliance risks adequately
                              and Compliance




Types of Risks and Their Management                                            The Bank’s credit and financing management is directed
                                                                               towards credit and financing expansion while ensuring
In implementing risk management, the types of risks                            the quality of each credit and financing facility from
managed by the Bank included:                                                  the time it is granted until it is fully repaid by the debtor,
                                                                               preventing them from becoming non-performing loans.
Credit Risk                                                                    Effective credit management can minimize losses and
                                                                               optimize the use of capital allocated for credit risk.
Credit Risk is the risk of loss due to the failure of other
parties to fulfill their obligations. Included in Credit Risk                  The Bank actively conducts the SME and Commercial
are the Credit Risk due to debtor failure, the Credit Risk                     Credit Portfolio Quality Review Forum together with the
due to the concentrated provision of funds (Credit                             Board of Directors, Divisions, CBC, and Branch Offices on
Concentration Risk), the Credit Risk due to counterparty                       a monthly basis or as requested, providing an up-to-
credit risk, the Credit Risk due to settlement failure                         date overview of credit positions and quality at both the
(settlement risk), and the Credit Risk due to country risk.                    bank-wide and segmented levels. To improve the credit
                                                                               decision-making process, the Bank has also established
Credit Risk can originate from various Bank business                           a credit committee through Credit Committee Meetings,
activities. In most banks, lending is the largest source                       accompanied by a centralized credit process. For
of credit risk. In addition to credit, the Bank faces                          commercial credit, the Bank has implemented the
Credit Risk from various financial instruments such as                         Commercial Banking Center (CBC), which serves as a
securities, acceptances, interbank transactions, trade                         centralized commercial credit processing unit. In the
financing transactions, exchange rate transactions, and                        SME segment, the Bank is also implementing SPU (SME
derivatives as well as commitments and contingencies.                          Processing Center) as an initiative to improve the SME
                                                                               credit process and management, enhance productivity,
Credit Risk Management                                                         improve centralized and objective credit decision-
As part of credit risk management, the Bank regularly                          making, and enable centralized monitoring. The Bank
reviews and updates its Credit and Financing Policy                            has also started applying Portfolio Guidelines for
Guidelines for bank credit and financing as part of the risk                   Wholesale Credit and is developing Portfolio Guidelines
assessment process. Credit Risk Exposure is monitored                          for the SME Credit and Sharia Financing segments
from the credit granting process until maturity. Credit                        to manage credit/financing concentration risk while
risk monitoring and control include evaluating credit risk                     maintaining prudence and governance principles. The
exposure against credit risk limits (Risk Appetite and Risk
Tolerance).




                                                                                                         PT Bank Tabungan Negara (Persero) Tbk                           711
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                                                      Governance




Bank is developing several system models related to                Market Risk
credit risk management, such as the SME Credit Scoring
Model for the SME segment, and the Early Warning                   Market Risk is the risk on balance sheet positions
System (EWS) for the SME, Commercial, and Corporate                and administrative accounts, including derivative
Credit segments, which can predict debtor conditions               transactions, due to overall changes in market
up to 12 months in advance. IT development is currently            conditions, including the risk of changes in option
underway to integrate these systems into BTN’s overall             prices. Market Risk includes among others interest rate
system.                                                            risk, exchange rate risk, equity risk, and commodity risk
                                                                   which can be detrimental to the Bank. Market risk can
For consumer loan, the process of controlling credit               originate from either the trading book position or the
risk is carried out through the Consumer iLoan system              banking book position.
which is equipped with a Credit Scoring Model (CSM)
which is currently being developed at CSM Bank. The                Market Risk Management
management of Col-2 and NPL consumer credit debtors                BTN identifies, measures, monitors, and controls market
is carried out by the Consumer Collection, Recovery                risk through the business units and/or Enterprise & ESG
& Asset Sales Work Unit while for commercial credit is             Risk Management Division. One of the key processes
carried out by the Commercial Asset Management Work                in market risk identification includes assessing each
Unit.                                                              product or activity categorized as a new product
                                                                   or activity. For market risk management, BTN has
As a follow-up to the implementation of Pillar 1 of Basel II,      established the Assets and Liabilities Committee (ALCO),
in 2023, the Bank implemented credit risk measurement              which periodically reviews interest rate risks and market
by using Standardized Approach OJK Circular Letter No.             risk management, particularly those derived from
24/ SEOJK.03/2021 dated October 7, 2021 concerning                 banking book positions.
Calculation of Risk-Weighted Assets (RWA) for Credit
Risk using the Standard Approach for Commercial                    To measure interest rate risk in both trading book and
Banks.                                                             banking book positions, BTN conducts sensitivity analysis
                                                                   to assess the impact of market interest rate changes
In order to manage credit risk, the Bank has applied the           on the Bank’s profit (loss) and equity. Additionally, to
Four Eyes Principle by segregating credit risk functions           measure foreign exchange risk, BTN performs sensitivity
and business units. Commercial credit decisions consist            analysis to evaluate the impact of currency exchange
of Commercial Risk and Business Units as Risk Taking               rate fluctuations on BTN’s profit (loss). Specifically, for the
Units and first line as well as consumer credit decisions          banking book position, BTN measures interest rate risk
consisting of the Retail Risk Division (Regional Loan              using the repricing gap method, as outlined in Technical
Processing Center) and Branch Offices and Regional                 Guidelines No. PT.8-F.1 dated May 24, 2023, regarding the
Offices.                                                           Implementation of Interest Rate Risk Management in the
                                                                   Banking Book (IRRBB). In compliance with OJK Circular
To strengthen financing risk management and control                Letter No. 12/SEOJK.03/2018 dated August 21, 2018,
the composition of the Bank’s credit portfolio while               concerning the Implementation of Risk Management
ensuring healthy credit portfolio growth, BTN manages              and the Standardized Approach to Measuring Interest
credit risk through Portfolio Guidelines to mitigate               Rate Risk in the Banking Book (IRRBB) for Commercial
concentration risk. These Portfolio Guidelines serve as            Banks, BTN has adjusted its IRRBB policy and reporting in
a strategic initiative in the Bank’s financing activities,         accordance with applicable regulations.
always considering the latest macroeconomic                        As an effort to complement market risk measurement
conditions, particularly in sectors deemed viable for              using standard methods and sensitivity analysis, the
financing, including priority sectors. The guidelines              Bank conducted stress testing to assess the Bank’s
also include sectoral NPL/NPF analysis and monitoring,             resilience in facing extreme changes in interest rates and
sectoral credit limits, and sectoral industry prospects            exchange rates, with scenarios referring to regulatory
to support the Bank’s business development while                   provisions and the bank’s internal scenarios. For internal
incorporating ESG considerations.                                  Bank scenarios, at the beginning of each year, the
                                                                   Enterprise Risk Management Division coordinates with




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the Stress Testing Working Group (relevant Division)           Liquidity Risk
to formulate scenarios and assumptions to be used in
implementing Market Risk Stress Testing for the next 1         Liquidity Risk is the Risk resulting from the Bank’s inability
(one) year.                                                    to meet its maturing obligations from cash flow funding
                                                               sources and/or from high-quality liquid assets that can
Market risk monitoring and control includes evaluating         be pledged as collateral, without disrupting the Bank’s
market risk exposure to the Bank’s internal limits (Risk       activities and financial condition.
Appetite & Risk Tolerance) that have been set and
reviewed periodically to conform to the Bank’s conditions.     The inability to obtain cash flow funding sources causing
In addition, in order to control or limit exchange rate risk   Liquidity Risk may be caused among others by:
exposure, the Bank had set limits which include treasury       1. Inability to generate cash flow from productive
transaction limits, dealer limits, budget loss limits, stop        assets or from the sale of assets, including liquid
loss/stop gain limits, as well as Net Open Position (NOP)          assets; and/or
limits that are in accordance with the maximum limits          2. Inability to generate cash flow originating from
stipulated in Bank Indonesia Regulation No. 17/5/PBI/2015          fundraising, inter-bank transactions, and loans
dated May 29, 2015 concerning the Fourth Amendment                 received.
to PBI Number 5/13/ PBI/2003 concerning the Net Open
Position of Commercial Banks. The Bank had a Market            Liquidity Risk Management
Middle Office unit in the Risk Management Work Unit            As a guideline for managing liquidity risk, the Bank has
in carrying out market risk monitoring and control,            Liquidity Risk Management Policy Guidelines, which are
including monitoring of predetermined limits.                  part of the Bank's Risk Management Policy Guidelines.
                                                               The Liquidity Risk Management Policy Guidelines
The Bank has implemented SEOJK No. 23/SEOJK.03/2022            regulate, among other things, the active oversight of
dated December 7, 2022, regarding the Calculation of           the Board of Commissioners and the Board of Directors
Risk-Weighted Assets for Market Risk for Commercial            in applying liquidity risk management, the liquidity risk
Banks since January 2024.                                      management process, as well as policies, procedures,
                                                               and setting liquidity risk limits. The Bank has an Assets
For the implementation of Basel II, especially Pillar 2,       and Liabilities Committee (ALCO) responsible for liquidity
the Bank submitted a report on the implementation of           management and periodically reviewing liquidity risk
risk management for the Interest Rate in the Banking           management within the Bank.
Book (IRRBB) and a report on IRRBB calculations to the
regulator on a quarterly basis in accordance with OJK          Referring to the Liquidity Risk Management Policy
Circular Letter No. 12/SEOJK.03/2018 dated August 21,          Guidelines, the Bank identifies, measures, monitors,
2018 concerning Implementation of Risk Management              and controls liquidity risk. Identification of liquidity risk
and Standard Approach Risk Measurement for Interest            is basically aimed at knowing the amount and trend of
Rate Risk in the Banking Book (Interest Rate Risk in The       liquidity needs as well as available funding sources to
Banking Book) for Commercial Banks.                            meet those needs.


For Basel III implementation, the Bank:                        Measurement of liquidity risk in the Bank is carried out
1. Submits monthly Liquidity Coverage Ratio (LCR)              by the Treasury Work Unit and the Risk Management
    reports to regulators online via the OJK Online            Work Unit. When measuring liquidity risk, the Company
    Reporting Application (APOLO) and publishes them           refers to Technical Instructions No. PT.8-F.4 , concerning
    quarterly on the Bank’s website in accordance with         Implementation of Liquidity Risk Management. Liquidity
    OJK Regulation No. 19/2024 dated November 8, 2024,         Risk measurement uses 4 (four) methods, namely stock-
    on the Liquidity Coverage Ratio (LCR) Requirement          based, maturity profile analysis, cash flow projections,
    for Commercial Banks.                                      and stress testing. The stock-based method is used to
2. Submits quarterly Net Stable Funding Ratio (NSFR)           measure liquidity risk at the Bank using liquidity ratios,
    reports to regulators online via the OJK Online            the maturity profile analysis method is used to measure
    Reporting Application (APOLO) and publishes them           liquidity gaps and cash flow projections are used to
    on the Bank’s website in accordance with OJK               measure the amount and trend of liquidity needs. The
    Regulation No. 20/2024 dated November 8, 2024, on          Bank carries out stress testing using Bank Specific Crisis
    the Net Stable Funding Ratio (NSFR) Requirement for        (BSC) scenarios and General Market Crisis (GMC) stress
    Commercial Banks.                                          testing, the aim of which is to measure the adequacy




                                                                           PT Bank Tabungan Negara (Persero) Tbk       713
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                                                     Governance




of available liquid assets and the Bank’s ability to meet         classified into several types, including internal fraud,
liquidity needs in crisis conditions. s. The Enterprise Risk      external fraud, employment practices and workplace
Management Division in coordination with the Stress               safety, customer-related issues, product and business
Testing Working Group (related Division) formulates the           practices, physical asset damage, business disruptions
risk impact on scenarios and assumptions that will be             and system failures, as well as process and execution
used in implementing Liquidity Risk Stress Testing for the        errors. This also includes fraud arising from money
next 1 (one) year.                                                laundering and terrorist financing activities. Additionally,
                                                                  IT, Digital, and Cyber risks are also encompassed within
In order to maintain the availability and adequacy of             operational risk.
liquid assets and to control or limit exposure so as not to
be affected by liquidity risk, the Bank regularly monitors        Operational Risk Management
liquidity risk on a daily, weekly, monthly, and quarterly         To implement operational risk management, the Bank
basis. Liquidity risk monitoring by the Risk Management           has developed the Operational Risk Management
Work Unit is submitted to the Board of Directors and              Information System (ORMIS), an integrated system
strategy evaluation is submitted to the relevant Division.        with multiple operational risk management tools such
                                                                  as RCSA, LED, and KRI for each work unit. This system
Monitoring and controlling liquidity risk include evaluating      has already been implemented at regional offices and
liquidity risk exposure to the Bank's internal limits (Risk       branch offices.
Appetite & Risk Tolerance) and predetermined Recovery
Plan trigger levels. These limits are reviewed periodically       RCSA is used to carry out the process of identifying and
so that they are in line with the Bank's conditions. In           measuring operational risks inherent in all Bank work
addition, the Bank monitors the Early Warning Indicator           units. In completing the RCSA, all work units are required
(EWI) and reports it regularly to the Board of Directors          to be able to identify and measure operational risks that
and related Work Units.                                           are inherent in daily activities and have an impact on
                                                                  achieving the work unit’s targets.
In accordance with OJK Regulation No. 5 of 2024
dated March 27, 2024, regarding the Determination of              LED functions as operational risk data collection for
Supervision Status and Handling of Issues in Commercial           operational risk events in Branch Offices based on 7
Banks, BTN has been monitoring liquidity indicators,              (seven) types of risk events in accordance with Basel II
including the Liquidity Coverage Ratio (LCR) and Net              provisions. Work Units can send data on losses due to
Stable Funding Ratio (NSFR) as mandated by OJK                    operational risks (loss events) online whenever there
Regulation No. 19 of 2024 dated November 8, 2024, on the          is a risk event in their Work Units. The output from this
Requirement for Liquidity Coverage Ratio Compliance               LED is data on accumulated bank losses in one month
for Commercial Banks and OJK Regulation No. 20 of                 in the form of actual loss, near miss, and potential loss
2024 dated November 8, 2024, on the Requirement for               for each risk event. The results of the collected data will
Net Stable Funding Ratio Compliance for Commercial                be processed and analyzed so that operational risk
Banks.                                                            exposure maps for each work unit can be identified. This
                                                                  exposure map become a reference in mitigating the
Operational Risk                                                  occurrence of similar incidents by improving business
                                                                  processes or adding other forms of risk mitigation.
Operational Risk is the Risk resulting from inadequate
and/ or non-functioning internal processes, human                 KRI is a dashboard for monitoring risk trends based
errors, system failures, and/or external events that affect       on indicators. KRI can be used to detect predictive or
the Bank’s operations. Operational Risk can originate             lagging risks as input for preventive or corrective action.
from HR, internal processes, systems, and infrastructure,
as well as external events.                                       The Bank implemented a Business Continuity
                                                                  Management (BCM) policy to ensure the continuity
These sources of risk can cause events that have                  of the Bank's operations in running the business after
a negative impact on the Bank’s operations so the                 being affected by operational risks originating from
emergence of these types of Operational Risk events is            external factors such as natural disasters, social
a measure of the success or failure of Risk Management            conflicts, and IT system failures. The BCM policy contains
for Operational Risk. Operational risk events can be              systematic steps and guides employees in dealing with
                                                                  emergencies, starting from pre-disaster preparedness,




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disaster response, and operational continuity plans to        provisions, periodic active supervision of Information
return to normal conditions. In supporting the successful     Technology (IT) has been carried out by the Board of
implementation of BCM, the Bank carried out several           Directors through the Information Technology Steering
activities including:                                         Committee forum.
1. Updating internal regulations related to Business
    Continuity Management (BCM) on a regular basis            Legal Risk
    which clearly defines the roles and responsibilities of
    each Work Unit.                                           Legal Risk is the Risk resulting from lawsuits and/or
2. The process of internalizing all employees by              weaknesses in juridical aspects. Legal risk can originate,
    compiling socialization materials and conducting          among others, from weaknesses in the juridical aspect
    quizzes that are included in the Risk Awareness           caused by weak agreements made by the Bank, the
    culture program                                           absence and/or changes in laws and regulations that
3. Conducting an assessment of the availability of            cause a transaction that has been carried out by the
    Working Remote Areas (WRA) by involving critical          Bank to be not in accordance with the provisions, and
    work units, so that the WRA owned by the Bank has an      litigation processes whether arising from third party
    adequate level of readiness to support operational        lawsuit against the Bank or the Bank against a third
    activities when a disaster occurs.                        party.


As digital banking services expand and cybersecurity          Legal Risk Management
concerns grow, the Bank continues to strengthen its           Legal Risk Identification is carried out on the factors
IT risk management system to anticipate potential             that cause risk including the existence of lawsuits and
IT, Digital, and Cyber threats that may arise due to          weaknesses in the juridical aspects inherent in functional
digital transformation. This is achieved through the          activities of credit (provision of funds), treasury and
development of Digital Risk Management governance             investment, operations and services, information system
under the supervision of DORD.                                technology and MIS, and human resource management.


To enhance monitoring functions and operational risk          Measurement of Legal Risk is carried out by the Risk
control across branch offices, regional offices, Central      Management Work Unit in coordination with the Legal
Business Commercial (CBC), and the Regional Loan              Work Unit and the Credit Operational Work Unit. . Legal
Processing Center (RLPC), the Bank has deployed               risk measurement is carried out by the Risk Management
Business Branch Control (BBC), Regional Business              Unit in coordination with the Legal Unit and the Credit
Control (RBC), CBC Business Control (CBC-BC), and RLPC        Operations Unit. The Legal Unit provides individual case
Business Control (RLPC-BC) officers. These officers serve     evaluations on contingent liabilities arising from ongoing
as a 1.5-line of defense, coordinating with the Digital &     litigation, while the Credit Operations Unit assesses
Operational Risk Management Unit. For operational risk        the quality of credit agreement documentation (LAT).
oversight and mitigation at the head office, the Bank         Parameters used for measuring legal risk include
has established an Operational Risk Control (ORC) unit        potential losses due to lawsuits, contractual weaknesses
under the supervision of DORD.                                arising from invalid agreements, and regulatory
                                                              changes that could render the Bank’s products non-
As part of the Bank’s internal control system to foster       compliant with existing regulations.
a fraud-risk-aware culture across all organizational
levels, the Bank has implemented a Special Policy             Legal Risk Monitoring is carried out by the Risk
related to Fraud Risk Management Procedures and               Management Work Unit by evaluating the effectiveness
has established a Fraud Risk Management Department            of the implementation of policies, procedures and
under the supervision of DORD.                                compliance with policies, legal regulations and Bank


In addition, in order to anticipate operational risks and
ensure that Information Technology (IT) is implemented
effectively and efficiently in accordance with applicable




                                                                         PT Bank Tabungan Negara (Persero) Tbk     715
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                                                  Corporate
                                                  Governance




limit provisions. Monitoring is carried out periodically       prepared by the Corporate Strategy & Planning Work
for all Legal Risk positions. In carrying out Legal Risk       Unit as an elaboration of General Policies stipulated by
control, the Legal Work Unit provides legal input and          the Board of Directors.
recommendations to each division and work unit and
conducts periodic reviews of cooperation agreements            Strategic Risk measurement is carried out based on the
and contracts with counterparties. In addition, the Bank       achievement of the Bank's performance by comparing
has a Legal Application System (LApS) application              actual results with predetermined targets. Strategic
which is designed in the form of a website and is used         Risk Monitoring is carried out by the Corporate Strategy
as a register and monitoring of legal cases that occur or      & Planning Work Unit on a regular basis by monitoring
are handled by the Bank, both criminal and noncriminal,        the achievement of Key Performance Indicators (KPI)
so that every case that is happening, both at the branch       and the Risk Management Work Unit which monitors
and progress can be monitored at the Head Office.              risk exposure compared to the Bank's risk appetite
                                                               and monitors Risk Appetite and Risk Tolerance of the
The Bank has assigned personnel as Branch Legal                Strategic Risk on a monthly basis. Then, the Board of
Representatives (BLR) at branch offices, who are               Commissioners, Directors, and Work Units review the
responsible for various legal functions, including:            basic strategy with a focus on business transformation,
1. Provide legal assistance for litigation issues              infrastructure, and Human Resources as well as Review
   submitted by each work unit in the context of               Risk Appetite and Risk Tolerance regularly and at least
   implementing Bank operations and provide legal              once a year.
   assistance in every legal case.
2. Represent the Bank in carrying out proceedings              Furthermore, the Risk Management Work Unit monitors
   in the Court, Police, Prosecutor’s Office, other legal      Strategic Risk by comparing expected results with actual
   institutions, and outside the court in its work area.       results, evaluating work unit performance, and ensuring
3. Provide legal opinions on legal issues submitted by         target achievement. In controlling Strategic Risk, the
   Regional Offices, Branch Offices, and Sharia Branch         Corporate Strategy & Planning Work Unit functions to
   Offices related to operations in their work areas.          analyze gaps between actual reports and business plan
4. Provide legal consultations on legal issues submitted       targets and submit corrective steps that must be taken
   by Branch Offices and Sharia Branch Offices.                to the Board of Directors on a regular basis.
5. Perform legal watch functions in accordance with
   Regulatory provisions.                                      Compliance Risk
6. Manage and control legal risks within the scope of
   work.                                                       Compliance Risk is the risk caused by the Bank for not
                                                               complying with and/or not implementing the applicable
                                                               laws and regulations, such as credit risk related to the
Strategic Risk                                                 Minimum Capital Requirement (KPMM), Earning Asset
                                                               Quality, Establishment of CKPN, Legal Lending Limit
Strategic Risk is the risk due to inaccuracy in making         (BMPK), market risk related to the provisions of the
and/or implementing a strategic decision and failure           Net Open Position (NOP), strategic risk related to the
to anticipate changes in the business environment              provisions of the Annual Work Budget Plan (RKAT), and
Strategic risk arises due to the Bank’s failure to align       other risks related to certain provisions. Compliance
its strategy with its vision and mission, conducting           risk can also originate, among other things, from legal
incomplete strategic environmental analysis, and/              behavior, namely behavior or activities of the Bank
or inconsistencies in strategic planning across                that deviate from or violate the provisions and/or laws
different levels. Strategic risk also emerges from the         and regulations, and organizational behavior, namely
Bank’s inability to anticipate changes in the business         behavior or activities of the Bank that deviate or conflict
environment, including technological advancements,             with generally accepted standards.  
macroeconomic conditions, market competition
dynamics, and regulatory changes from the government,          Compliance Risk Management
Bank Indonesia, the Financial Services Authority (OJK),        The management of the Bank’s compliance risk is carried
and other relevant authorities.                                out by the Risk Management Work Unit in coordination
                                                               with the Compliance and Governance Division/CMGD.
Strategic Risk Management                                      The Compliance Work Unit monitors the Bank’s report
Strategic Risk identification is carried out based on          submission obligations to external parties and reviews
Strategic Risk factors in certain functional activities,       internal regulations periodically and continuously so that
such as credit, treasury, and investment activities as         they remain relevant to applicable external regulations.
well as operations and services through a business plan        The Bank has an internal application, namely the




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Regulatory Compliance & Monitoring System (CRMS),             preventing Reputation Risk, scpecifically related to
to make it easier for all BTN employees to access all         customer relationshops. Reputation Risk identification is
external regulations and to function as a reminder            conducted on risk factors inherent in certain functional
to work units on the obligation to submit reports to          activities, such as credit provision (provision of funds),
Regulators. To minimize the potential for compliance          fund raising, treasury and investment, operations and
risk, the Bank placed Regional Compliance Supervisory         services, information technology systems and MIS, and
Officers (RCSO) in Regional Offices to evaluate the           Human Capital.
compliance level of Branch Offices in carrying out
operational activities. Along with the enactment of the       As part of the reputation risk identification process, BTN
Personal Data Protection Act, the Compliance Work Unit        has implemented the SPN (Customer Complaint System)
formed a Data Privacy sub-unit, and a gap analysis            application and conducts monitoring of all mass media
on the readiness of the Bank in implementing the said         (both print and electronic, at local and national levels).
provisions had been carried out. The Compliance Work          The Bank records all news reports related to the Bank,
Unit monitors and reports compliance risk that occurs to      whether direct (straight news) or indirect (mentions). The
the Bank’s Directors on a regular basis. Compliance Risk      SPN application is integrated with Branch Offices and the
measurement is carried out on potential losses caused         Contact Center. The Customer Complaint Management
by non-compliance and the Bank’s inability to comply          Unit, as the administrator of SPN, follows up on customer
with applicable external regulations. The indicators/         complaints and resolves them in accordance with the
parameters used in measuring Compliance Risk include          established Service Level Agreement (SLA).
the type, the significance, and the frequency of violations
against applicable regulations or the track record of         The Reputation Risk Measurement is performed
bank compliance, the behavior underlying the violation,       according to the results of an assessment of the factors
and violations of generally accepted standards.               affecting the Company’s reputation, including customer
                                                              complaints and reporting about the Company. The
In order to control Compliance Risk, the Risk Management      Bank’s Reputation Risk is managed by the Corporate
Work Unit and the Compliance Work Unit were assigned          Secretary Division (CSD) work unit that manages news
with evaluating the effectiveness of the implementation       about the Company which is published in the print
of Compliance Risk management by periodically                 and electronic mass media and the Service Quality &
monitoring all types of activities that have the potential    Network Division (SQND) who manages complaints from
to cause Compliance Risk.                                     the customer.


Reputation Risk                                               In order to monitor Reputation Risk and ensure customer
                                                              satisfaction, the Company’s SPN (Customer Complaints
Reputation Risk is the Risk resulting from a decrease in      System) functions to support the management of
the stakeholder trust level originating from a negative       services and online customer complaint handling
perception of the Bank. Reputation Risk can originate         between parties regarding problems in Branch Offices
from various Bank business activities as follows:             and Headquarters. Reputation Risk monitoring is also
1. Events that have damaged the Bank’s reputation,            conducted by the Enterprise Risk Management Division
   for example, the influence of the reputation of the        (ERMD) by reminding and providing recommendations
   owner of the Bank and related companies, product           for improvement to the Reputation Risk Management
   complexity and Bank business cooperation, negative         Division of CSD and SQND according to the assessment
   publicity about the Bank, violations of business           of reputation risk profile parameters.
   ethics, and customer complaints.
2. Other matters that may lead to Reputation Risk, for        Strengthening the Implementation of risk
   example, weaknesses in governance, corporate               Culture
   culture, and business practices of the Bank.
                                                              Strengthening the implementation of risk culture as
Reputation Risk Management                                    part of maintaining commitment and ensuring that
All employees, including business unit management             the risk culture policy is understood and implemented
and Bank supporting activities, are part of the Risk          by all management and employes of the Bank, so the
Management implementation for Reputation Risk,                risk culture implementation strategy must be in line with
considering that reputation is the resul of all of the        the Bank’s risk management implementation strategy.
Bank’s business activities. The role of the Business          The Bank determines a risk culture implementation
Unit Management is to identify the Reputation Risk            roadmap per year according to the level maturity to be
that occurs in the business activity and/or activities        achieved, monitoring the implementation of risk culture
of the unit and as a front liner in developing and            by measuring the maturity level of risk culture at least




                                                                         PT Bank Tabungan Negara (Persero) Tbk     717
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                                                     Corporate
                                                     Governance




once a year by the internal team and once every three                 coordination between the Risk Management Work
years by an independent team (external party). The                    Unit and the Internal Audit Work Unit.
Bank reviews its risk culture policy at least once a year.        6. Strengthening operational risk control through
Several programs for implementing and improving the                   various activities such as seminars, workshops, and
Bank’s risk culture are:                                              risk outlook sessions.
1. The Risk Economic Outlook is an annual routine                 7. Internalizing risk management culture through
   agenda which discusses strategies for determining                  socialization, training, and e-learning on risk culture
   risk appetite and risk tolerance. This forum aims to               for all employees via BTNbest, with comprehension
   provide an understanding of risk awareness to the                  levels measured through quizzes.
   Board of Commissioners and Directors so that they              8. The Bank has an operational risk control system
   can make the right strategic decisions.                            throughout the Bank’s network. The Bank has
2. The Bank actively conducts Portfolio Quality Review                implemented awareness regarding the use of the
   Forums attended by Directors, Divisions, CBC, Branch               ORMIS application as a form of implementing risk
   Offices as an effort to provide the latest picture of              management throughout the branch office network.
   credit position and quality both bankwide and per              9. To enhance risk awareness among Human Resources
   credit segmentation.                                               (HR), the bank organizes an annual Culture Day
3. Conduct visits and awareness in the context of                     event by inviting external speakers. The Culture Day
   implementing data cleansing to improve the quality                 event aims to promote a risk-aware culture as an
   of the loss event database at Bank BTN.                            integral part of operational and business processes,
4. Fostering a culture of compliance, this activity                   as well as to instill a value-driven orientation of the
   is carried out with an approach through the                        risk management function towards business goals.
   implementation of each business process which                  10. Carrying out risk awareness of potential fraud
   must always be guided by applicable internal and                   vulnerabilities through Fraud Risk Assessment (FRA)
   external rules and regulations as well as SOPs.                    within the scope of all Work Units. The FRA method
5. Implementing continuous prevention so that there                   is carried out based on OJK Circular Letter No. 39/
   are no significant weaknesses in the first line defense            POJK.03/2019 concerning Implementation of Anti-
   process and making corrective action plans in                      Fraud Strategy which is described as follows:




                                                                              INVE
                                             ON                                   S
                                           TI
                                                                                                 Information, Evidance,
                                                                                   TI
                                        C




    Identify and Find Fraud
                                                                                     GA
                                    DETE




                                                                                                 Document, Sanctions
    Events
                                                                                       TION




                                                                                                 Special Audit, Event Flow,
    Whistleblowing, Surprise
                                                                                                 Documentary Evidence,
    Audit, Surveilance
                                                                                                 Violation of SOP, Reporting
    System/FDS
                                                                                                 of Incidents




                                                     4 SAF Pillars
    Reduce the potential for
                                                                                                 Monitoring - Evaluation
    fraud to occur
                                                                                                 -TL
    Corporate Culture Program,
                                                                                                 Monitor and evaluate
                                    PREF




    RCSA, FRA, KYE, Awareness,
                                                                                         ON




                                                                                                 fraud incidents and TL
    Potential Vulnerabilities,
                                                                                                 improvements
                                       N
                                                                                      TI




    Internal Control, Supervision
                                           TI
                                     E




                                                                                    LU
                                                                                    A




                                                ON
                                                                              EVA




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Risk Assessment

In accordance with the Regulation of OJK Regulation No. 18/POJK.03/2016 dated March 16, 2016, concerning the
Implementation of Risk Management for Commercial Banks and Circular Letter of OJK Circular Letter No. 34/
SEOJK.03/2016 dated September 01, 2016 concerning the Implementation of Risk Management for Commercial Banks,
Risk Management Division shall report the risk profile to OJK quarterly containing information about Credit Risk
Exposure, Market Risk, Liquidity Risk, Operational Risk, Compliance Risk, Strategic Risk, Legal Risk, and Reputation Risk. The
assessment of the risk profile covers the assessment of the Inherent Risk and the Quality Rating on the Implementation
of Risk Management in Bank’s operational activities.


Taking into account the results of self-assessment, the Company strives to maintain the Risk Profile Quarter IV 2023 to
be in Low to Moderate level. The probable loss encountered by the Bank in terms of the Inherent Risk is considered low
(Low to Moderate), with a Satisfactory rating for the Quality Rating on the Implementation of Risk Management. Details
are listed as follows:



                                                                  Quality Rating on the
         Types of Risk              Inherent Risk Rating         Implementation of Risk                 Risk Rating
                                                                     Management

 Credit Risk                    Moderate                        Satisfactory                   Low to Moderate

 Market Risk                    Moderate                        Satisfactory                   Low to Moderate

 Liquidity Risk                 Low to Moderate                 Satisfactory                   Low to Moderate

 Operational Risk               Moderate                        Satisfactory                   Low to Moderate

 Legal Risk                     Low to Moderate                 Satisfactory                   Low to Moderate

 Strategic Risk                 Low to Moderate                 Satisfactory                   Low to Moderate

 Compliance Risk                Low to Moderate                 Satisfactory                   Low to Moderate

 Reputational Risk              Low to Moderate                 Satisfactory                   Low to Moderate




Review of The Effective Risk Management                          Statements of the Board of Directors and/
System of Issuer or Public Company                               or the Board of Commissioners or Audit
                                                                 Committee to Risk Management System
The risk profile assessment for both Conventional                Adequacy
and Sharia banking at BTN is conducted periodically.
Throughout 2024, the assessment reflects that the risks          The Company's risk management is based on good
faced by BTN (both conventional and sharia) have                 corporate governance with the involvement of all
been effectively managed, supporting further business            organs of the Company in managing risk management.
development. In other words, risk management at                  This can be seen from the organizational structure
BTN has been implemented efficiently and effectively.            of the Company's risk management. The Board of
An external evaluation of BTN’s Risk Management                  Commissioners through the Risk Monitoring Committee
effectiveness, conducted by an independent consultant            meeting and the Board of Directors through the Risk
through the Risk Maturity Index (RMI), placed BTN in the         Management Committee meeting are responsible
“good practice” phase. This classification meets the             for periodically ensuring that the implementation of
criteria set by the Ministry of State-Owned Enterprises          Risk Management has been effective and adequate in
(BUMN) under Regulation No. SK-8/DKU.MBU/12/2023,                accordance with the characteristics, complexity and
which provides technical guidance on risk maturity               risk profile of the Company, which is reflected in the
index assessment within state-owned enterprises                  effectiveness of the implementation of internal control
(BUMN). Throughout 2024, improvements have been                  functions, including internal audit, risk management,
made to risk management implementation based on                  compliance, financial and operational control functions.
recommendations from the independent Risk Maturity               Based on the results of the review conducted in 2024,
Index (RMI) assessment. These enhancements aim                   the Board of Directors and the Board of Commissioners
to standardize risk management practices across all              assessed that the risk management system had been
work units, integrating them into BTN’s processes and            implemented adequately.
corporate culture.



                                                                               PT Bank Tabungan Negara (Persero) Tbk     719
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                                                         Governance




The Board of Commissioners and the Board of Directors                 Risk Management Task Force
are actively participating in mitigating the Company’s                The Risk Management Unit is a work unit that directly
risks by monitoring Risk Management Implementation                    reports to the Director, overseeing the Risk Management
Quality, which includes risk governance, risk                         function, and operates independently from the
management framework, risk management process,                        Operational Units, which are risk-taking units, as well as
adequacy of risk management information system                        the Internal Audit Unit and the Compliance Unit.
and human resources, as well as the adequacy of the
internal control system. The adequacy of the Bank’s Risk              The Risk & ESG Management Unit and the Operational
Management System is supported by:                                    & Digital Risk Management Unit at BTN are each led
                                                                      by a Division Head who reports directly to the Director
Risk Monitoring Committee                                             of Risk Management. The Risk & ESG Management Unit
The Risk Monitoring Committee has the duty and                        comprises the Market & Liquidity Risk Management
responsibility of providing recommendations to the Board              Department, Credit Portfolio Risk Management
of Commissioners, i.e. by evaluating the Company’s risk               Department, Integrated Risk Management Department,
management policy guidelines (credit risks, market risks,             ESG Department, and Model Validation. Meanwhile,
liquidity risks, operational risks, legal risks, strategic risks,     The Operational & Digital Risk Management Unit
compliance risks, and reputation risks), evaluating the               includes the Fraud Risk Management Department,
conformance between the Company’s risk management                     Digital Risk Management Department, Operational
policies guideline and its actual implementation, as well             Risk Management Department, Regional Operational
as monitoring and evaluating the Risk Management                      Risk Control Department, and Operational Risk Control
Committee’s performance. . In carrying out its duties                 Department.
and responsibilities, the Risk Monitoring Committee is
supported by the Enterprise & ESG Risk Management                     Risk Management Policies and Procedures
Division, which serves as the committee’s secretariat.                The Bank has had management policies in risk
The committee holds regular meetings to discuss                       management, which are Risk Management General
current issues, including BTN’s Quarterly Risk Profile,               Policy (KUMR), which contains the minimum provisions
Bank Soundness Level, Recovery Plan, Risk Maturity                    required by the Regulation of Bank Indonesia/Financial
Index, and various other risk management-related                      Services Authority.
matters. Additionally, the committee reviews BTN’s Risk
Management Policy Guidelines, which include the Bank’s                These risk management guidelines are further
Risk Appetite and Risk Tolerance framework..                          complemented by internal policies, including but not
                                                                      limited to Guidelines for Risk Profile Assessment Reporting
Risk Management Committee                                             and Evaluation, Guidelines for Bank Soundness Level
The Risk Management Committee (KOMAR) actively                        Reporting and Assessment, and Risk Model Validation
provides recommendations to the President Director                    Procedures. They also encompass Guidelines for Risk
regarding risks associated with policies set by the                   Data Collection for the Operational Risk Management
Board of Directors. It also evaluates regulations that                Information System (ORMIS), Guidelines for Liquidity
may no longer align with recent developments and                      Risk Measurement Processes, Guidelines for Liquidity
require adjustments. KOMAR plays an active role in                    Coverage Ratio (LCR) Calculation and Reporting,
assessing risks associated with new products, services,               Guidelines for Market Risk Measurement Processes,
and activities, enabling the company to take necessary                Interest Rate Risk Management in the Banking Book,
mitigation measures. The committee also conducts                      Guidelines for Stress Testing Implementation, Risk Model
evaluations of the General Risk Management Policy                     Validation Procedures, Liquidity Monitoring Guidelines,
(KUMR).                                                               aRisk & Control Self-Assessment (RCSA) Procedures,




720       PT Bank Tabungan Negara (Persero) Tbk
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Guidelines for Recovery Plan Implementation, Internal                     Compliance Function
Credit Rating (ICR) Process Guidelines, Credit Scoring
Model (CSM) Implementation Guidelines, Credit                             The banking industry is growing increasingly complex
Authority Limits for Commercial and Consumer Loans,                       along with the growth of global information technology
Guidelines for Allowance for Impairment Losses (CKPN)                     and integration of the financial market. With intense
Calculation, Policies for Debtors Affected by Covid-19,                   business competition among banks, this comes as
Business Continuity Management (BCM) Policy, Business                     a particular challenge that the Company needs to
Continuity Plan (BCP) Technical Guidelines, Disaster                      address. As such, it is necessary to enforce the principle
Recovery Plan (DRP) Technical Guidelines, and Business                    of carefulness and take measures to mitigate risks
Impact Analysis (BIA) Technical Guidelines.                               associated with the Bank’s business activities, both
                                                                          preventive (ex-ante) and curative (ex-post) measures.
Re-assessment of internal policies has also been                          Ex-ante measures may be taken by complying with
conducted to align with the most current provisions from                  the applicable banking principles in order to reduce or
relevant regulators, i.e. by conducting gap analysis and                  minimize risks in the Company’s business activities.
accommodating best practices commonly applied in
the banking industry in order to improve the quality of the               The Company has always consistently executed its
application of risk management. The Risk management                       compliance function, i.e. a set of preventive actions
information system at the initial phases was focused on                   or measures. This is taken to, among others, achieve
the collection and improvement of risk database quality                   compliance culture across all organizational levels and
to allow gradual development and application into the                     all business activities in the Bank, manage compliance
risk management information system, thus allowing                         risks and ensure the Company’s compliance with the
integrated risk measurement and risk monitoring as well                   Financial Services Authority or other relevant supervisory
as timely presentation.                                                   authorities.




Organizational Structure


                                                                     Compliance &
 L1
                                                                   Governance (CMGD)

                 Secretary


                                  Compliance       Compliance                                                                    Compliance
 L2              Data Privacy      Regulatory       Analysis &
                                                                        Corporate         AML Advisory &   AML Transaction
                                                                                                                                   Credit
                                                                       Governance            System          & Analysis
                                  Management         Advisory                                                                    Consulting


                                   Compliance      Compliance           Governance                          Financial Group
                  Data Privacy                                            Support -         Strategic &
                                  Regulatory and    Advisory &                                                Transaction
                    Analyst                                            Structure Policy    Development
                                     Strategic     Counterparty                                                 Analyst


                                                                                              Business         Suspicious
                                    Regional                            Governance
                                                   IT Compliance                              Aligment       Transaction &
 L3                                Compliance                             Process
                                                                                             & Advisory      Investigation
  /
 L4
                                   Compliance
                                                                        Governance         MIS & System       Transaction
                                  Monitoring and
                                                                          Analyst          Development          Analyst
                                   Perfomance



                                                                                                             Assurance &
      (*) can have layer 4 (L4)
                                                                                                             Reporting (*)




The organizational structure for compliance function implementation is determined based on Technical Guidelines No.
PT.3-A.6, regarding the Organizational Structure of the Head Office, Regional Offices, and Branch Offices. Adjustments
to the organizational structure were also made following the Steering Committee Transformation meeting on
August 13, 2024. The structure complies with OJK Regulation No. 46/POJK.03/2017, dated July 12, 2017, regarding the
Implementation of Compliance Functions in Commercial Banks. The structure, further defined in the company’s
internal policies, consists of:



                                                                                          PT Bank Tabungan Negara (Persero) Tbk          721
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                                                      Corporate
                                                      Governance




1. 1Board of Commissioners is responsible for actively             5. Any replacement of the position of Lead Director of
   supervising the implementation of the Company’s                    Compliance Function shall always be reported to the
   Compliance Function.                                               Financial Services Authority.
2. Board of Directors is responsible for fostering and
   realizing the implementation of compliance culture              The 2021 GMS held on March 10, 2021, appointed Eko
   across all organizational levels and business activities in     Waluyo as the Director of Compliance and Legal
   the Company, as well as ensuring the implementation             Affairs in accordance with OJK Circular Letter No. 39/
   of compliance function at the Company.                          SEOJK.03/2016 dated September 13, 2016, on Capability
3. Director of Compliance is a member of the Board of              and Fitness Assessment for Candidates for Controlling
   Directors who has been authorized by the Financial              Shareholders, Candidates for Members of Board of
   Services Authority to lead the Compliance Function              Directors and Candidates for Members of Board of
   and Compliance Task Force at the Company, and is                Commissioners of Banks, Director of Compliance may
   responsible for formulating strategies to encourage             begin executing Compliance Function duties upon
   the realization of compliance culture across the Bank           approval from OJK. Mr. Eko Waluyo has passed the Fit
   and is also responsible for the performance of duties           and Proper Test for Director of Compliance and has
   in order to ensure that the Company’s Compliance                received formal approval from OJK on August 09, 2021.
   Function operates properly.
4. Compliance and Governance Division is a Work Unit at            Duties and Responsibilities of Lead Director of
   the Head Office that serves as the Compliance Task Force        Compliance Function
   for the Company and is responsible for implementing
   Compliance Function duties across the Company.                  The duties and responsibilities of the Compliance
                                                                   Director in carrying out the Compliance function include
Lead Director of Compliance Function                               the following:
                                                                   1. Formulate strategies to encourage compliance
The Director who leads the Company’s Compliance                        culture.
Function is the Managing Director of Compliance and                2. Propose compliance policies or compliance
Legal Affairs. Appointment, dismissal, and/or resignation              principles to be stipulated by the Board of Directors.
of the Lead Director of Compliance Function has been               3. Stipulate compliance system and procedures to
set out and shall follow the procedures below:                         be implemented to develop the Bank’s internal
1. Appointment, dismissal, and/or resignation of the                   provisions and guidelines.
    Lead Director of Compliance Function is specified              4. Ensure that all policies, provisions, systems, procedures,
    in reference to the provisions for an appointment,                 and business activities operated by the Bank comply
    dismissal, and/ or resignation of the member of the                with the provisions of the Financial Services Authority,
    Board of Directors as specified in Bank Indonesia’s                Bank Indonesia, and other applicable laws and
    regulations applicable to public banks, and should                 regulations, including Sharia principles.
    pass a fit and proper test in accordance with the              5. Manage and minimize compliance risks.
    applicable provisions of the Financial Services                6. Take preventive measures so that policies and/or
    Authority.                                                         decisions made by the Company’s Board of Directors
2. In the event the Director of Compliance is temporarily              do not deviate from the provisions of the Financial
    unable to perform his/her assigned duties, the                     Services Authority, Bank Indonesia, and applicable
    performance of such duties shall be temporarily                    laws and regulations, including by providing a
    delegated to other Director(s) up to the Lead Director             dissenting opinion in the event of policies and/ or
    of Compliance resuming his/her normal duties.                      decisions deviating from the provisions of Financial
3. In the event the Lead Director of Compliance                        Services Authority, Bank Indonesia, and applicable
    Function resigns or concludes his/her tenure,                      laws and regulations.
    the Company shall immediately appoint a new                    7. Perform other duties related to Compliance
    Lead Director of Compliance Function. During the                   Function, including monitoring and maintaining
    vacant period, another Director shall be appointed                 the Company’s compliance with the commitment
    temporarily handle the duties of the Lead Director of              that the Company has made to Financial Services
    the Compliance Function.                                           Authority, Bank Indonesia, and other relevant
4. In order to satisfy independence requirements,                      supervisory authorities.
    the Director who serves as the Lead Director of the            8. Ensure that the Company’s Compliance Task Force
    Compliance Function should not have a double                       performs effectively in executing Compliance
    role as President Director and/ or other directorial               Function duties.
    positions that may impair his/her independence.




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9. Coordinate with Sharia Supervisory Board regarding          The Compliance and Governance Division is led by a
    the implementation of the Compliance Function of           Division Head who has satisfied the specified criteria
    the Sharia Business Unit in accordance with Sharia         as the head of Compliance Function Task Force, as
    principles.                                                specified in OJK Regulation No. 46/POJK.03/2017 dated
10. Act as a coordinator for the stipulation of Compliance     July 12, 2017, on Implementation of Compliance Function
    Function to all business units to achieve good             for Public Banks. Appointment and/or dismissal of the
    corporate governance                                       Head of Compliance and Governance Division shall
.                                                              always be reported to the Financial Services Authority
                                                               in accordance with the criteria specified in compliance
Compliance Task Force                                          related to internal policies, as follows:
                                                               1. Satisfying independence requirements as set out in
The role of the Company’s Compliance Unit, as regulated            the provisions of the Financial Services Authority.
under OJK Regulation No. 46/POJK.03/2017, concerning           2. Possessing a deep understanding of the provisions
the Implementation of Compliance Functions in                      of the Financial Services Authority, Bank Indonesia,
Commercial Banks, is carried out by the Compliance                 and other applicable laws and regulations.
and Governance Division. This is further detailed in           3. Not performing other duties beyond Compliance
Technical Guidelines No. PT.3-A.6 dated September                  Function.
14, 2023, regarding the Organizational Structure of the        4. Highly committed to implementing and fostering a
Head Office, Regional Offices, and Branch Offices, as              compliance culture.
well as the structural changes based on the Steering
Committee Transformation meeting held on August
13, 2024. The organizational changes place the                 Profile of Head of Compliance Task Force
Compliance and Governance Division (CMGD) under the
coordination of the Director overseeing the Compliance         The Company’s Board of Directors has appointed
Function, ensuring its independence from business and          Harman Soesanto as the Head of the Compliance Unit,
operational units, risk management units involved in           effective January 15, 2024, as per the Board of Directors
decision-making for the Company’s business activities,         Decree No. 11/DIR/2024 dated January 15, 2024. His
treasury units, finance and accounting units, logistics        appointment has been reported to the Financial Services
and procurement units, and information technology              Authority (OJK).
management units.




                                              Educational Background
                                              • Bachelor’s Degree in Economics/Management – Brawijaya University
                                              • Master’s Degree in Management/Economics – University of Indonesia

                                              Certification
                                              • Banking Risk Management Certification Level 4
                                              • Senior Credit Officer Certification

                                              Work Experience
                                              • Regional Office Head - Regional Office 5 (2022)
                                              • Regional Office Head - Regional Office 6 (2023)
                                              • Compliance and Governance Division Head (2024)

                                              Legal Basis for Appointment
                                              Board of Directors Decree No. 11/DIR/2024 dated January 15, 2024, appointing
                                              Harman Soesanto as Head of the Compliance Unit.



Harman Soesanto
Head of Compliance Unit

Indonesian citizen,
54 years ols as of December 2024,
domiciled in Jakarta.




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Duties and Responsibilities of Compliance                              h. Ensure Operational and Reporting Management
Function                                                                  related to the Implementation of AML and CFT in
                                                                          the Central Office.
The duties and responsibilities of the Compliance and
Governance Division in executing compliance function               Compliance Function’s Competencies
is as follows:                                                     Development
1. Develop measures to encourage the realization of
    compliance culture across all business units in the            The Compliance Unit’s human resources have
    Company and across all organizational levels.                  extensive experience in credit, operations, systems, and
2. Coordinate with other units in performing                       procedures. Currently, the Compliance Unit is supported
    identification, measurement, monitoring, and control           by personnel holding Risk Management Certifications as
    of compliance risks in reference to the provisions of the      follows:
    Financial Services Authority on the Implementation of          - Risk Management Certification Level 4: 14 employees
    Risk Management for Public Banks.                              - Risk Management Certification Level 5: 36 employees
3. Assess and evaluate the effectiveness, adequacy,                - Risk Management Certification Level 6: 1 employee
    and conformance of policies, provisions, systems,
    or procedures implemented in the Bank to the                   To ensure the availability of highly qualified personnel
    applicable laws and regulations.                               within the Compliance Unit for effective task execution,
4. Review and/or provide recommendations on update                 various training programs and educational activities
    and refinement of policies, provisions, systems,               were conducted from January to December 2024, as
    or procedures implemented in the Company to                    detailed below:
    maintain conformance to the provisions of the
    Financial Services Authority, Bank Indonesia, and
    other applicable laws and regulations, including                                                                   Number of
                                                                         Type of Training and Education
                                                                                                                      Participants
    sharia principles.
5. Take necessary measures to ensure that all policies,             Classroom / Virtual Classroom
    provisions, systems, procedures, and business
                                                                    Aligning Strategy Execution With                       1
    activities operated by the Bank comply with the                 Environmental, Social and Governance (ESG)
    provisions of the Financial Services Authority, Bank
                                                                    Assessment for Junior Integrity Builder (API)          18
    Indonesia, and other applicable laws and regulations.           Certification
6. Perform other duties related to Compliance Function,             BOD Sharing Session SDP 2024                           4
    including:
                                                                    BTN Leadership Forum 2 - 2024                          2
    a. Ensure the Company’s compliance with the
        commitment made to the Financial Services                   BTN Millenial Leaders II - Kickoff                     1
        Authority and/or other relevant supervisory                 Business Performance Through Effective                 1
        authorities.                                                Coaching for Leaders

    b. Conduct socialization for all employees regarding            Coaching & Strategic Business Leaders                  2
        matters related to Compliance Function,
                                                                    Millenial Leaders 2 "crafting leadership and           1
        particularly in terms of applicable regulations             future skill for next leaders"
        from relevant regulators.                                   BOD Talks & Meet The Expert -"Evolving in              6
    c. Act as a contact person for compliance issues for            Finance: Leadership, Transformation, and
                                                                    Future of Banking in Indonesia"
        both internal and external parties.
    d. Ensure business process in Compliance                        Expert Talk Session "Empowering Woman                  1
                                                                    Leadership to Strengthen Leadership
        Task Force has been in accordance with the                  Capability"
        certification standard ISO 9001:2015 System
                                                                    Expert Talk Session with Vice Minister of              3
        Quality Management.                                         Foreign Affairs, Mr. Pahala Mansury - “Crafting
                                                                    Executive Savvy in Global Business Mindset”
    e. Implementing ISO 37301:2021 on Compliance
        Management Systems.                                         Expert Talk Session "Empowering Women in               2
                                                                    Leadership with Purpose and Impact"
    f. Ensure the implementation and results of self-
        assessment of corporate governance based                    Identification of Suspicious Financial                 4
                                                                    Transactions and Determination of Predi-cate
        on regulations of OJK in the Holding entity,                Crimes 2024
        Subsidiary, the Sharia Business Unit in Bank BTN
                                                                    Internalization of AML-CFT and PPPSPM                  10
        to ensure the Company’s quality process.                    Management
    g. Ensure the assessment of good corporate                      Officer Development Program (ODP) Batch 63             1
        governance implementation by third parties/
                                                                    AML-CFT & PPPSPM Training                              12
        independents in terms of achieving the
        Company’s goal.



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                                                  Number of                                                           Number of
     Type of Training and Education                                  Type of Training and Education
                                                 Participants                                                        Participants

AML-CFT and PPPSPM Training Related to                8         Webinar FKDKP "Active Participation in                    6
Individual Risk Assessment (IRA) 2024                           Preventing Green Financial Crime in the
                                                                Financial Industry"
Training on Understanding and Documenting             8
Beneficial Owner (BO) Data                                      OJK Webinar “Connecting The Dots”                         1

Operation Series Training: New HCIS Cloud for         1         OJK Webinar - How to Mitigate Transition and              1
Key Users                                                       Physical Risks in the Financial Sector

Organization Design Training                          1         OJK Webinar - Building Leadership Based on                3
                                                                Spirituality: A Holistic Approach to Growth and
SOP Development Training with AI                      1         Business Sustainability

Presentation Skills Training                          1         OJK Webinar - Enhancing Corporate                         1
                                                                Performance through Artificial Intelligence
Credit Officer Certification Preparation              1
                                                                OJK Webinar - Handling Cyber Crimes,                      6
Risk Management Certification Preparation             14        Including Online Gambling, as a Predicate
Level KKNI 4                                                    Offense of Money Laundering

Sustainable Financing Training for Syndicated         5         OJK Webinar - The Role of Innovative Credit               2
Loans                                                           Scoring (ICS) in Expanding Access to Funding

Basic Sharia Banking Education (PDPS)                 1         OJK Webinar "The Role of the P2SK Law in                  1
                                                                Deterring Illegal Financial Service Ac-tors"
Risk Maturity Index (RMI) Evaluator Training)         1
                                                                Webinar OJK "Opportunities and Challenges                 2
Preparing for Merger, Acquisition, and                1         in Personal Data Protection for Transactions in
Integration: Journey Towards a Seamless                         the Digital Era"
Transition
                                                                Webinar OJK - Forum for Strengthening GRC                 1
Consumer Credit Process New Decision Engine           1         Functions: "Synergy and Collaboration with
and Personal Loan                                               Ministries/Institutions and Stakeholders for
                                                                Dissemination of the Latest Internal Audit
AML-CFT and PPPSPM Refresher for High-Risk            6         Standards"
Customers
                                                                Webinar OJK "Strategies to Prevent Cyber                  4
Risk Management Level KKNI 4 Refresher -              1         Attacks"
E-Learning Method
                                                                Webinar OJK - Navigating The Half: “Year                  9
Risk Management Level KKNI 5 Refresher -             20         Roadmap To Success”
E-Learning Method
                                                                Workshop Indonesia Privacy Leader Summit:                 3
Seminar “Financial Strategy for The Youth and         1         Two Years of the Personal Data
Gen Z in Embracing Indonesia Emas 2045”
                                                                Workshop ASEAN Corporate Governance                       4
Internal Credit Consumer Level Staff                  1         Scorecard (ACGS) 2024
Certification
                                                                Workshop on Recording of Personal Data                    2
Risk Management Competency Test Level                 8         Processing (ROPA) and Personal Data Privacy
KKNI 4                                                          Impact Assessment (DPIA)

Supervisor Development Program (SDP)                  5         Young Leaders Talk "Leading with Impact,                  5
                                                                Crafting Your Success Story"
Talent Acceleration Program II - Kickoff              2
                                                                Online / Self Learning
Talent Acceleration Program 2 "Leadership             2
Session"                                                        Compliance Excellence August 2024 Edition                52
                                                                - Procedures for Implementing Anti-Money
Webinar on Retirement Planning: “Education            1         Laundering, Counter-Terrorism Financing, and
on Old Age Security (JHT) and Em-ployee                         Prevention of Prolifera-tion of Weapons of
Welfare for a Healthy and Happy Retirement”                     Mass Destruction (AML, CFT, and PFWMD)

Webinar on Retirement Planning: "Education            1         Compliance Excellence April 2024 Edition -               50
on Defined Benefit Pension Plans and Financial                  Government VA Services
Planning"
                                                                Compliance Excellence February 2024 Edition -             51
Webinar on Building a Privacy-First Culture in        1         Security & Digital Risk Awareness
Workplace : The Role of Human Capital in Data
Protection                                                      Compliance Excellence January 2024 Edition               50
                                                                - Special Policy & Technical Guide-lines for
Webinar FKDKP "Ensuring Compliance                    2         Accounting Activities
of Financial Service Business Actors in
Supporting Inclusive Economy through                            Compliance Excellence July 2024 Edition -                 51
Supervision, Financial Education, and                           Special Policy on Conflict of Interest Guidelines
Consumer Protection in the Complexity of
Financial Products"                                             Compliance Excellence June 2024 Edition -                 51
                                                                Prohibition of Gambling Activities
Webinar FKDKP "Handling Banking Crimes                15
with the Enforcement of the P2SK Law & OJK
Regulation 16 of 2023"




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                                                    Number of
                                                                      Work Program and Implementation of
      Type of Training and Education                                  Compliance Function Duties
                                                   Participants

Compliance Excellence March 2024 Edition -              51            Referring to OJK Regulation No. 46/POJK.03/2017
Gratification Control Program and SMAP ISO
37001:2016 Policy                                                     dated July 12, 2017, concerning the Implementation
                                                                      of Compliance Functions in Commercial Banks, the
Compliance Excellence May 2024 Edition -                51
Foreign Exchange Transactions (BranchFX) at                           compliance function is a series of ex-ante (preventive)
Branch Office
                                                                      actions or steps to ensure that policies, regulations,
Compliance Excellence October 2024 Edition -           52             systems, and procedures, as well as business activities
Bancassurance Product Marketing
                                                                      conducted by BTN, comply with OJK regulations, banking
Compliance Excellence September 2024                   52             regulators, and applicable laws, including sharia
Edition - Data Privacy Awareness
                                                                      principles for UUS. It also ensures BTN’s compliance with
ESG (Environment, Social & Governance)                 50             commitments made to the Financial Services Authority
Awareness Internalization
                                                                      (OJK), Bank Indonesia (BI), the Financial Transaction
Internalization of IT Regulations                       51
                                                                      Reports and Analysis Center (PPATK), and/or other
Internalization of Public Information Disclosure       44             relevant supervisory authorities.
(KIP)

Internalization of BTN Cash Management                 48             In 2024, the implementation of the Compliance Function
Services
                                                                      within the Company includes the following:
Internalization of IT, Digital & Cyber Risk            49             1. Implementation of Compliance Culture
Management 2024
                                                                          All employees are required and responsible for
Internalization of the New Grading System at           48
                                                                          fostering a culture of compliance. The compliance
BTN
                                                                          culture is continuously developed to enhance
Internalization of the SLE Index Achievement           50
2024                                                                      awareness of compliance in performing tasks
                                                                          and activities within each work unit. The Company
Internalization of Customer Data Management            45
(CIF)                                                                     has formulated strategies to promote a culture
                                                                          of compliance at all levels of the organization and
Internalization of Commercial Credit Recovery           51
and Resolution                                                            across all business activities consistently and
                                                                          sustainably through the following initiatives:
Internalization of Legal Clinic Podcast 2024           50
                                                                          a) Internalization of Bank Internal Regulations
Internalization of Corporate Loan Process              47
                                                                              This program encourages employees to read and
Internalization of Respectful Workplace (RWP)           41                    stay updated on internal regulations to ensure
2024
                                                                              they understand and comply with all issued
Internalization of Sahabat Transformasi                36                     and applicable provisions. This initiative aims to
Episode 2
                                                                              strengthen the Company’s Compliance Culture
Internalization of Transformation 2024                 42                     and serves as a preventive measure against
Understanding Internal Regulations - BTN               50                     fraud. The objective is to improve employees’
Internal Regulation Architecture
                                                                              understanding by encouraging them to read
Refreshment BTN Property 2024                          24                     internal regulations, ensuring they are aware of
Refreshment BTN Smart Residence                        32                     and adhere to all relevant provisions while also
                                                                              preventing fraud.
Security Awareness BTN - Fordigi 2024                   1
                                                                          b) Compliance Index
Socialization of Digital Risk Awareness & Cyber         19                    This system is designed to monitor the
Trends
                                                                              effectiveness of compliance programs in
Socialization of Profitability Measurement              16
System
                                                                              mitigating compliance risks. The Compliance
                                                                              Index parameters include regulatory sanctions,
Socialization of Easy in BTN Smart Residence            21
Program                                                                       fraud reports, corporate culture scores,
                                                                              Compliance Excellence scores, overdue but
Socialization of Umbrella Campaign Bale by             49
BTN                                                                           unresolved audit findings, and the completion
                                                                              percentage of Branch Business Control (BBC)
  Total Participants of Education & Training          1605
                                                                              reports).




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   The purpose of implementing the Compliance                  e) Compliance Excellence
   Index is to measure, monitor, and control                      Compliance Excellence is the Company’s
   the Compliance Culture in each work unit to                    strategy for providing refresher training and/or
   strengthen compliance awareness, minimize                      internalization of regulations to all employees,
   regulatory sanctions, reduce fraud, enhance                    fostering a strong compliance culture at all levels
   corporate culture, improve understanding                       of the organization. The content of Compliance
   of internal regulations through Compliance                     Excellence is based on significant and recurring
   Excellence, reinforce the Bank’s commitment to                 audit findings, operational risk findings from the
   resolving audit findings, and mitigate operational             Regional Business Center and Branch Business
   risks by ensuring the completion of Branch                     Control, new regulations from regulators, newly
   Business Control (BBC) reports.                                issued internal bank regulations, and disciplinary
c) Branch Visits                                                  sanctions imposed by the Human Capital Unit.
   The Company has conducted visits to Branch
   Offices and Sharia Branch Offices to ensure                      The objectives of Compliance Excellence include
   compliance      implementation        within   Work              internalizing and refreshing regulations for all
   Units, execution of the Anti-Money Laundering                    employees while evaluating the role of supervisors
   (AML), Counter-Terrorism Financing (CFT), and                    as compliance role models. This initiative helps
   Prevention of the Proliferation of Weapons of                    cultivate a strong compliance culture, ensures
   Mass Destruction (PFWMD) programs, and the                       employees share a common understanding of
   control of gratuities. The purpose of branch visits              internal regulations, and addresses key factors
   is to verify that the Compliance Culture, AML,                   contributing to non-compliance. By raising
   CFT, and PFWMD programs, and gratuity controls                   compliance awareness, the program provides
   are well understood and properly implemented.                    strategic solutions to enhance adherence to
   Additionally, these visits serve to gather feedback              regulations. Sepanjang periode Tahun 2024, telah
   and necessary information for evaluating future                  dilaksanakan Throughout 2024, Compliance
   Compliance Culture programs.                                     Excellence programs have been implemented
d) Optimization of the Active Role of Regional                      and attended by all employees, as detailed
   Compliance Officers (RCO)                                        below
   The Company is committed to optimizing                      :
   the role and active involvement of Regional
   Compliance Officers (RCOs), who are responsible       No.         Month                          Materi
   for monitoring and evaluating operational
                                                                                  Refresher on Special Policies and
   compliance implementation and ensuring                 1.       January        Technical Guidelines for Accounting
   compliance culture within Branch Offices and                                   Activities
   Sharia Branch Offices.                                2.        February       Security & Digital Risk Awareness

                                                                                  Gratification Control Program and SMAP
   RCOs act as the Second Line of Defense at             3.        March
                                                                                  ISO 37001:2016 Policy
   Regional Offices, assisting in building and
                                                         4.        April          BTN Government VA Services (B-GOV VA)
   monitoring compliance risk controls within their
                                                                                  Foreign Exchange Transactions
   designated regions. This includes internalizing       5.        May
                                                                                  (BranchFX) at Branch Offices
   the Compliance Index at Branch and Sharia
                                                         6.        June           Prohibition of Gambling Activities
   Branch Offices, conducting compliance function
   implementation internalization, overseeing the                                 Special Policy on Conflict of Interest
                                                         7.        July
                                                                                  Guidelines
   execution of AML, CFT, and PFWMD programs, and
   controlling gratuities. RCOs also collaborate with                             Procedures for Implementing Anti-
                                                                                  Money Laundering, Coun-ter-Terrorism
   the Regional Business Center or Branch Business       8.        August         Financing, and Prevention of Proliferation
   Control to enhance compliance control related                                  of Weapons of Mass Destruction (AML,
                                                                                  CFT, and PFWMD)
   to internal oversight and optimize the use of the
   Compliance Dashboard.                                 9.        September      Data Privacy Awareness

                                                         10.       October        Bancassurance Product Marketing

                                                         11.       November       BTN Current Account Products

                                                                                  BTN Compliance Management System
                                                         12.       December
                                                                                  ISO 37301:2021




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                                                                           (KKB), as well as activities related to IT service
       f) Compliance Broadcast
          Compliance Broadcast is an initiative to foster                  providers and/or electronic banking product
          and establish a compliance culture at all                        issuance, regarding the obligation to report
          levels of the organization and the Company’s                     new product development realization to the
          business activities while enhancing the                          regulator.
          internalization and literacy of external                     4) The Company has continuously developed
          regulations among all employees. The types
                                                                           the   Compliance       Dashboard       to   enhance
          of content broadcasted include external
                                                                           compliance     by      adding   parameters       and
          regulations, feedback from Compliance
                                                                           increasing dashboard utility. The parameters
          Excellence implementation, and posters with
          compliance-related messages.                                     of the Compliance Dashboard are focused
                                                                           on identifying potential compliance risks,
           The objective of this program is to internalize                 particularly those arising from non-compliance
           new regulations for all employees and                           with laws and regulations, including sharia
           enhance literacy on compliance, gratuities,                     principles for Sharia Commercial Banks (BUS)
           and AML, CFT, and PFWMD.
                                                                           and Sharia Business Units (UUS).
2. Management of Bank Compliance Risk
   The management of compliance risk is carried out
                                                                           The Bank has gradually optimized the use
   continuously to strengthen the compliance culture
   in all business activities and organizational levels                    of the Compliance Dashboard to mitigate
   of the Company while mitigating the Company’s                           compliance risks by requesting confirmation
   Compliance Risk.                                                        and verification of compliance dashboard
   a) Compliance Risks Faced                                               data parameters. This ensures that relevant
       One of the impacts of compliance risk exposure                      work units can take preventive measures to
       is the possibility of sanctions such as fines and
                                                                           minimize operational and compliance risks
       written warnings from regulators, including
                                                                           while mitigating violations of established
       the Financial Services Authority (OJK), Bank
                                                                           regulations.
       Indonesia (BI), the Financial Transaction Reports
       and Analysis Center (PPATK), and/or other                 3. Bank Compliance with Regulatory Provisions and
       relevant regulators.                                         Other Laws
   b) Compliance Risk Mitigation Efforts                            The Company has taken preventive measures to
       1) The Compliance Unit, in coordination                      ensure that all business and operational processes
           with the Reporting Responsibility Unit,                  comply with legal provisions, prevent compliance
           Data Support Unit, and Data Owner Unit,
                                                                    risks, and support sound and sustainable business
           conducts discussions and coordination
                                                                    growth.   The    Bank      has    established        internal
           related to adjustments and improvements
                                                                    regulations and standard operating procedures
           in reporting data. This step aims to minimize
           potential compliance risks by reviewing and              for all employees to foster a Compliance Culture,
           synchronizing data, as well as validating the            ensuring that business activities align with applicable
           mapping of data sources to prevent errors in             regulations and adhere to prudential principles.
           reporting.
       2) The Company has implemented a go-live                     Efforts made by the Company include:
           enhancement of the Compliance Regulatory                 a) Internalization of New Regulatory Provisions
           Management System (CRMS), which includes                    The    Company       has    internalized    the     latest
           an additional reminder feature for reporting                regulations issued by regulators throughout 2024
           obligations via WhatsApp to each PIC and                    through internal memos and email broadcasts to
           Division Officer before the reporting deadline.             all work units and employees, ensuring that every
       3) Reminders are sent via WhatsApp and email                    new regulation is understood and complied
           notifications to the proposing divisions for the            with. This initiative ensures that each work unit
           Implementation of New Bank Products (PPB)                   adheres to newly issued regulatory provisions
           and New Activities for the Bank’s Interest                  and confirms that all business and operational




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   activities are conducted in compliance with laws              d) Compliance in Office Network Expansion and
   and regulations. These regulatory provisions                     New Bank Product Implementation
   are uploaded to the Compliance Regulatory                        The company, through the Compliance Unit,
   Management System (CRMS) as a reference and                      oversees and monitors the completeness of
   regulatory database accessible to employees.                     document requirements through a compliance
b) Internal Guidelines Evaluation                                   checklist related to the plans for opening and
   The Company conducts periodic evaluations of                     relocating office networks, as well as the Provision
   internal guidelines at least once a year, adjusting              of New Bank Products (PPB). Additionally, the
   as needed and aligning with changes or updates                   Compliance Unit also serves as a liaison with the
   in regulations issued by regulators. The evaluation              Regulator to consult on the Provision of New Bank
   process includes analyzing the impact of new                     Products (PPB) and New Activities for the Bank’s
   regulations on the Company’s business and                        Interests (KuKB) in relation to obtaining permits
   operational   processes,       proposing         necessary       from the Financial Services Authority (OJK) and
   adjustments to internal policies and procedures,                 Bank Indonesia (BI). This implementation ensures
   and   ensuring      that     work   units    responsible         that any issues faced by the Applicant Division
   for policy management conduct reviews of                         can be promptly resolved and that the submitted
   regulatory provisions to be incorporated into the                licensing documents comply with the Regulator’s
   Company’s internal regulations.                                  provisions.
                                                                 e) Implementation of Compliance Function in Credit
   The evaluation is conducted based on a                           Processes
   three-pillar assessment process, involving the                   The Company implements the Compliance
   Compliance Unit, Risk Management, and Legal                      Function      in     commercial         credit     business
   Unit, reviewing internal regulations that include                processes,     including       during      the    Pre-Credit
   General Policies, Special Policies, and Technical                Committee          Meeting     (Pre-RKK)         and   Credit
   Guidelines. This ensures alignment with the latest               Committee Meeting (RKK) through Compliance
   internal company regulations and compliance                      Credit    Consulting.        Additionally,       compliance
   with OJK, BI, PPATK, and other relevant legal                    opinions/reviews         are       provided       regarding
   requirements, including Sharia Principles for the                fulfillment of requirements related to the Legal
   Sharia Business Unit.                                            Lending Limit (BMPK), debtor and business
c) Compliance Review and Opinion on Business                        legality, and the legality of financed projects
   and Operational Activities                                       during the Pre-RKK and RKK meetings.
   To ensure that all internal policies, systems,                f) Implementation of Law No. 27 of 2022 on Personal
   and procedures comply with applicable laws                       Data Protection (UU PDP)
   and regulations, the Compliance Unit conducts                    The Company has implemented Law No. 27 of
   compliance     reviews        and    assessments        of       2022 on Personal Data Protection (UU PDP) to
   proposed new policies, systems, and procedures                   ensure compliance and alignment of business
   (updates)     or     developments           of     existing      processes with regulatory requirements. This
   procedures. This includes compliance reviews                     initiative reflects the Company’s commitment to
   of new product/service development or new                        safeguarding customer data privacy, enhancing
   activities. The compliance review and opinion                    data     security,    fulfilling   legal     requirements,
   process ensures that any product and/or activity                 ensuring that customer data is protected from
   development,       service    facility   enhancement,            unauthorized access and data breaches, and
   and internal policy adjustments do not violate                   building customer trust and a strong reputation.
   regulatory provisions and comply with applicable
   legal requirements.




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      Follow-up actions on UU PDP implementation                        monitors work units to ensure compliance with
      include:                                                          all required commitments. These commitments
      1) Internalization of Personal Data Protection                    may originate from OJK, BI, PPATK, and/or other
         Provisions     to   enhance    awareness      and              relevant authorities, as well as mandatory
         understanding among all employees through                      reporting   obligations    as    stipulated    by    the
         workshops, sharing sessions, and periodic                      applicable regulatory provisions. The results of

         e-learning programs.                                           monitoring compliance with these commitments

      2) Coordination with Data Protection Officers                     are regularly reported in the compliance report
                                                                        to OJK and the President Director, with copies
         (DPOs) at other financial institutions through
                                                                        sent to the Board of Commissioners.
         a Data Protection Officer Forum, ensuring
                                                                     b) In implementing prudential banking principles,
         that the Company’s Personal Data Protection
                                                                        The Company monitors the level of compliance
         program aligns with industry standards.
                                                                        with these principles to ensure that there are no
      3) Development of Special Policies and Technical
                                                                        violations and/or breaches in their application.
         Guidelines     on   Personal   Data    Protection,
                                                                        Compliance is reflected in key banking ratios,
         establishing benchmarks for Personal Data
                                                                        including   the    Minimum       Capital     Adequacy
         Processing, including Consent from Personal
                                                                        Requirement (KPMM), Legal Lending Limit (BMPK),
         Data Subjects, Fulfillment of Data Subject
                                                                        Minimum Reserve Requirement (GWM), and Net
         Rights, Recording of Data Processing Activities
                                                                        Open Position (PDN).
         (ROPA) and Data Privacy Impact Assessment                   c) The    Company       consistently       monitors      its
         (DPIA), Handling Personal Data Protection                      commitments to OJK, BI, PPATK, and/or other
         Failures, Third-party cooperation involving                    supervisory authorities regarding the resolution of
         personal data exchange, and anctions for                       commitments related to external audit findings.
         non-compliance with UU PDP and related                         This is done through the Internal Audit Unit (SKAI)
         regulations.                                                   and the Compliance Unit (SKK), which have been
   g) Implementation of Compliance Function in the                      and will continue to monitor relevant divisions
      Sharia Business Unit (UUS)                                        to ensure timely follow-up and completion of
      The Company ensures Sharia Compliance in the                      commitments related to overdue external audit
      Islamic Business Unit (UUS) in coordination with                  findings. The Company also ensures that all
      the Sharia Supervisory Board (DPS). The Director                  remaining findings are addressed promptly,
      of Human Capital, Compliance, and Legal, along                    without waiting for their official due dates.
      with the Compliance Unit, collaborates with DPS                d) The Company has monitored and taken follow-
      through coordination meetings held at least                       up actions on requests for information and/

      once a year.                                                      or data from OJK and BI as part of the Bank
                                                                        Supervision process. Through coordination with
                                                                        the relevant work units and while maintaining
      The Compliance Function at UUS ensures that
                                                                        data confidentiality principles, the Bank has
      internal compliance policies adhere not only to
                                                                        responded     to   and    provided     all   requested
      conventional banking regulations but also to
                                                                        information and/or data within the required
      Sharia principles. This guarantees that all UUS
                                                                        deadlines set by OJK and BI.
      products and services fully comply with Sharia
                                                                  5. Implementation of Personal Data Protection
      guidelines.
                                                                     The   Company     recognizes       that   Personal     Data
4. Bank Compliance with Commitments to Regulators
                                                                     Protection is a fundamental human right, as stated
   a) The Company        consistently strives to fulfill all
                                                                     in the 1945 Constitution of the Republic of Indonesia
      commitments to OJK, BI, PPATK, and/or other
                                                                     and Law No. 27 of 2022 on Personal Data Protection.
      relevant authorities. To ensure compliance with
      the commitments required by regulators and
                                                                     In conducting all business processes, services, and
      competent authorities, the Company, through
                                                                     activities involving personal data, BTN is committed
      the Compliance Unit, coordinates with relevant
                                                                     to fulfilling its obligations as a data controller and/
      divisions to assign responsibilities for reporting
                                                                     or data processor in a trustworthy and responsible
      obligations arising from new regulations issued by
                                                                     manner. The Bank prioritizes the rights of Data
      the regulators. The Compliance Unit continuously




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    Subjects to ensure BTN’s compliance with the                            protection policies so they can be applied across
    applicable laws and regulations                                         all business lines of the Bank.
.                                                                      2. Workshop:         BTN   organizes     workshops      to
    Personal       Data   Protection    Officer    and   Active             implement personal data protection controls
    Management Oversight                                                    under the established framework and applicable
    The    Company        established    the      Data   Privacy            regulations.
    Department, which serves as the personal data                      3. Campaign: BTN runs campaigns on Personal
    protection officer under the Compliance Unit within                     Data Protection through its digital channels
    the Directorate of Human Capital, Compliance &                          to ensure that all customers are aware of the
    Legal, and is actively supervised by the Board of                       importance of Personal Data Protection.
    Directors through various internal forums. The Data
    Privacy Department plays a role in Developing                      Personal      Data     Protection      Framework      and
    frameworks, and policies, and implementing personal                Implementation
    data protection programs. To ensure comprehensive                  In carrying out personal data protection activities, the
    implementation of personal data protection controls                Company has established a framework aligned with
    Bank-wide, the data Privacy Department regularly                   applicable regulations and relevant best practices,
    coordinated with other relevant units, including:                  as outlined in the following policy documents:
    ·    Information Technology Security unit, to ensure               1.   Personal Data Protection Policy.
         the Security of Personal Data being processed,                2. Customer and Community Protection Policy.
         reducing the risk of cyberattacks and personal
         data protection failures.                                     According to these policies, all Personal Data
    ·    Information      Technology     Development       Unit,       Subjects      (including    customers,         prospective
         to ensure compliance with the Personal Data                   customers,     employees,     prospective      employees,
         Protection Law (UU PDP) in all BTN applications               third parties, and other individuals) interacting
         and websites.                                                 with The Company are required to complete and
    ·    Data Management Unit, to ensure personal                      provide consent for the processing of their Data. The
         data processing follows the principle of data                 Company also facilitates Personal Data Subjects
         minimization and implements data privacy by                   in exercising their rights, such as accessing and
         design.                                                       requesting corrections/updates to their Personal
    ·    Customer Service Unit, to ensure the fulfillment              Data and withdrawing consent for the processing
         of personal data subject rights and to address                of Personal Data, provided it does not conflict with
         inquiries related to Personal Data.                           applicable regulations.
    ·    Risk Management and Legal Unit, to ensure risk
         mitigation for personal data processing carried               For the processing of personal data carried out
         out by The Company.                                           by The Company or external parties, the Bank
    ·    Business Unit, to ensure the implementation of                implements      control    measures,     including    the
         the Personal Data Protection Law (UU PDP) across              provision of Records of Processing Activities (ROPA),
         all BTN products and services..                               Data Protection Impact Assessments (DPIA), Non-
                                                                       Disclosure Agreements (NDA), and cooperation
    Building a Sustainable Culture of Personal Data                    agreements that strongly protect and limit the
    Protection at BTN                                                  processing of personal data of Data Subjects related
    The Company actively implements awareness                          to The Company.
    programs for all employees regarding personal data             .
    protection, which include:                                         Transparency in Personal Data Management
    1.   Dissemination, Internalization, and Training:                 As a form of transparency to Data Subjects
         The Company regularly conducts socialization                  regarding the types of personal data collected, the
         and training programs to build awareness about                processing duration, and the purposes of personal
         personal data protection. These are delivered                 data processing, The Company has published a
         through various media and are mandatory for                   privacy policy accessible at www.btn.co.id/privacy-
         all BTN employees. Additionally, The Company                  policy, and other The Company digital platforms.
         ensures the internalization of personal data




                                                                                PT Bank Tabungan Negara (Persero) Tbk       731
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Other Compliance Functions                                          3. Integrated Governance Risk and Compliance
                                                                       The implementation of Integrated Governance
The Company also continuously improves its business                    Risk and Compliance (GRC) in the company is in
processes as part of compliance activities, including:                 line with the company’s transformation blueprint,
1.   ISO 37001:2016 Anti-Bribery Management System                     aiming to achieve an integrated GRC through the
     In   implementing       ISO    37001:2016   Anti-Bribery          practice of governance, risk management, and
     Management System (ABMS), the Compliance Unit                     compliance in a unified manner. In the GRC Index
                                                                       Assessment, an assessment method will be carried
     serves as the Anti-Bribery Compliance Function
                                                                       out for each work unit using measurement tools
     (FKAP) with responsibilities including: overseeing
                                                                       such as Key Performance Indicators. Each work unit
     the design and implementation of ABMS, providing
                                                                       will have a GRC Index, which serves as an indicator
     guidance and instructions to employees regarding
                                                                       for the integrated application of governance, risk
     ABMS, ensuring ABMS compliance with applicable                    management, and compliance aspects. Bank has
     standard     requirements,      and   reporting   ABMS            prepared a Governance, Risk, and Compliance
     performance to the Governing Body and Top                         roadmap 2025-2029 designed to strengthen
     Management.       The   Company       has   successfully          the organization’s ability to meet regulatory
     maintained its ISO 37001:2016 Certification for the               requirements, manage risks effectively, and
     scope of Surveillance): Procurement and Fixed Asset               ensure good corporate governance. This initiative
     Management Division (PFAD), Commercial Banking                    integrates governance oversight, risk management,
     Division (CMBD), Corporate Banking Division (CBD),                and compliance processes to support sustainable
                                                                       business growth and operational resilience.
     SME Restructuring in (West Java Regional Office,
                                                                    4. Implementation of the Compliance Work Unit’s Role
     Jakarta II Regional Office, East Java Bali Nusra
                                                                       in Personal Data Protection (Data Privacy)
     Regional Office, Sumatra Regional Office, Sulawesi
                                                                       The company understands that personal data
     Maluku Papua Regional Regional Office, Central
                                                                       protection is a fundamental human right, as outlined
     Java DIY Regional Office), Wholesale Credit Risk                  in the 1945 Constitution of the Republic of Indonesia
     Division (WRD), Small Medium Enterprise Banking                   and Law No. 27 of 2022 on Personal Data Protection.
     Division (SMBD), and Commercial Banking Center
     (Jakarta Raya, Bintaro Jaya, Bekasi, and Bandung).                In carrying out all business processes, and activities
     To maintain the ISO 37001:2016 ABMS certification,                that involve personal data, the company is
     a Surveillance Audit was conducted from October                   committed to fulfilling its obligations as the controller
     7 to 11, 2024, by the Certification Body, resulting in            and/or processor of personal data with integrity and
     BTN successfully retaining its ISO 37001:2016 ABMS                responsibility. Additionally, the company prioritizes
                                                                       the fulfillment of personal data subjects’ rights
     certification. Additionally, an audit was conducted
                                                                       to ensure compliance with applicable laws and
     by the Certification Boady for an extended scope
                                                                       regulations
     covering the Credit Operation Division (COD),
                                                                    5. Business Competition Compliance Program
     resulting in the Company successfully obtaining
                                                                       The company has officially established the Business
     certification for the extended scope. As a result, the            Competition Compliance Program, as determined by
     Company now holds ISO37001:2016 ABMS certification                the Business Competition Supervisory Commission
     for a total of 16 functional units.                               (KPPU) on December 13, 2024. This program aims
2. ISO 37301:2021 Compliance Management System                         to ensure that the company conducts its business
   The company obtained ISO 37301:2021 Compliance                      processes under the principles of fair business
   Management System certification on December                         competition.
   30, 2022, with the scope of implementation in
   the Compliance & Governance Division. The                            The steps that have been implemented by the
   scope includes compliance functions, corporate                       company are as follows
   governance, and anti-money laundering. The                       :
   implementation of the ISO Compliance Management                      a. Improving the Business Ethics and Behavior
   System provides guidance and a standardized                             Code of Conduct by adding elements related to
   framework, as well as improvements in compliance                        business competition through the Joint Decree
   business processes. To maintain ISO 37301:2021, a                       of the Board of Commissioners and Board of
   Surveillance audit was conducted in 2024, and the                       Directors regarding the Business Ethics and
   company successfully retained the ISO 37301:2021                        Behavior Code of Conduct.
   Compliance Management System certification.




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 b. Developing a Special Policy on Business                              Anti-Money Laundering (AML),
    Competition Compliance Procedures, Number                            Counter-Terrorism Financing (CTF),
    KK.6-J     regarding      Business      Competition                  and Prevention of the Proliferation of
    Compliance Procedures.                                               Weapons of Mass Destruction (PFWMD)
 c. Signing the Integrity pact for business                              Program
    Competition compliance by the President
    Director.                                                            The Company implemented Anti-Money Laundering
 d. Appointing a person responsible for business                         (AML), Counter-Terrorism Financing (CFT), and
    competition compliance.                                              Prevention of the Proliferation of Weapons of Mass
 e. Identifying and mitigating risks related to                          Destruction (PFWMD) programs in customer recognition
    potential violations of articles in Law No. 5 of 1999.               activities by referring to regulations and legislation. As
 f. Conducting socialization, counseling, and                            part of the efforts to encourage the effectiveness of
    training on business competition compliance                          implementing the AML, PPT, and PFWMD programs and
    for all employees as a mandatory part of the                         to comply with regulatory requirements, the Company
    business competition program.                                        established a Special Work Unit (UKK) for AML, CFT, and
 g. Establishing a supervision scheme in the form                        PFWMD at the Head Office. The implementation of the
    of a hierarchical structure to effectively monitor                   AML, CFT, and PFWMD programs in Regional Offices and
    the implementation of the Business Competition                       Branch Offices is the responsibility of each Regional
    Compliance Program as outlined in the Business                       Office Head and Branch Manager.
    Competition Compliance Procedures.
 h. Establishing an internal reporting mechanism for                     Organizational Structure in the
    suspected violations of the Business Competition                     Implementation of AML, CFT, and PFWMD
    Law through a whistleblowing system (WBS).
 i. Developing monitoring and evaluation efforts                         The implementation of the AML and PPT program is
    to identify early potential failures in the                          carried out by the Special Work Unit (UKK) AML, CFT, and
    implementation of the Compliance Program                             PFWMD which is structurally under the Compliance Work
    or to detect behaviors that violate the Business                     Unit (SKK) of the Head Office and is directly responsible
    Competition Law.                                                     to the Director who is in charge of the compliance
                                                                         function which can be described as follows:




                        Lead Director of Compliance
                                  Function

                                                                   Reporting on the implementation of
                                                                     AML, CFT, and PFWMD programs         Branch Office
Head Office             UKK
                                  CMGD Head
  Reporting on the                                                                                                        Branch
 implementation of                                             Regional Office                                           Manager
AML, CFT, and PFWMD
     programs

                                                 AML                                                      Deputy Branch            Sub-Branch
Financial Institution     AML Advisory                                                                      Manager                   Head
                                             Transactions      Regional Office
Custodian Unit and/        & System
                                              & Analysis           Head
  or Wali Amanat          Department                                                  Ensuring the
                                             Department
                                                                                 implementation of AML,
                                                                                    CFT, and PFWMD
                                                                                                            Customer
                                                                                                                                     Deputy
                                                                                                              Service
                                                                                                                                    SBH / OSS
                                                                                                            Supervisor
                                                                Person in charge of AML, CFT,
                                                                and PFWMD Implementation
                                                                 in Regional Office (Regional
                                      Reporting on the              Compliance Specialist)
                                 implementation of AML, CFT,                                                Customer                Customer
                                   and PFWMD programs                                                        Service               Service KCP
                                                                 Coordination and supervision of
                                                                 the implementation of AML, CFT,
                                                                          and PFWMD




                                                                                        PT Bank Tabungan Negara (Persero) Tbk              733
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                                                         Corporate
                                                         Governance




To implement the AML, CFT, and PFWMD programs effectively                4. Provisions related to Monitoring and Updates;
and in compliance with regulatory requirements, apart                    5. Provisions related to Cross-Border Correspondent
from Special Work Unit (UKK) for AML, CFT, and PFWMD at                      Banking;
the Head Office, the AML, CFT, and PFWMD programs were                   6. Provisions related to the implementation of Fund
also implemented at Regional Offices and Branch Offices..                    Transfers;
                                                                         7. Provisions related to the management of
Anti-Money Laundering and Counter-                                           documents related to AML, CFT, and CPFWM;
Terrorism Financing Program                                              8. Provisions related to reporting both internal to
(AML and CFT)                                                                the bank and external to the regulators.
                                                                      c. Internal Control
The implementation of the Anti-Money Laundering, Countering              An effective and independent internal control system
the Financing of Terrorism, and Countering the Financing of              is routinely applied to ensure compliance with the
Proliferation of Weapons of Mass Destruction (AML, CFT, and              AML, CFT, and CPFWM Policies by:
CPFWM) program is carried out based on the five pillars of the           1. Adequate internal monitoring as regulated in the
implementation of the Anti-Money Laundering, Countering                      AML, CFT, and CPFWM Policies and Procedures;
the Financing of Terrorism, and Countering the Financing of              2. Clear authority and responsibility limits related
Proliferation of Weapons of Mass Destruction Program in the                  to units implementing the AML, CFT, and CPFWM
Financial Services Sector as stipulated in the Financial Services            programs;
Authority Regulation (PJOK) No. 8 of 2023 regarding the                  3. Independent audits are conducted to ensure the
Implementation of the Anti-Money Laundering, Countering                      effectiveness of the implementation of the AML,
the Financing of Terrorism, and Countering the Financing of                  CFT, and CPFWM program;
Proliferation of Weapons of Mass Destruction Program in the              4. Following up on all audit results both internal and
Financial Services Sector.                                                   external related to the implementation of the AML,
a. Active Supervision by the Board of Directors and                          CFT, and CPFWM program under the established
    Commissioners                                                            timelines.
    The Board of Directors and Commissioners actively                 d. Management Information System (MIS)
    supervise the implementation of the AML, CFT, and CPFWM              To monitor and identify suspicious transactions, the
    program at the company to ensure that the AML, CFT, an               Company continuously develops an information
    CPFWM procedures are implemented effectively by:                     technology system, including:
    1. Providing guidance on periodic reports (monthly,                  1. Development of Unusual Customer Transactions
         quarterly, and semi-annual) regarding the                           (UCT) parameters in the Bank’s AML, CFT, and
         implementation of the AML, CFT, and CPFWM                           CPFWM applications;
         program at the bank;                                            2. Seamless       integration     of   the   customer
    2. Discussing the implementation of the AML, CFT,                        identification and verification system;
         and CPFWM program in Board of Directors and                     3. Development of a monitoring system for AML, CFT,
         Commissioners meetings;                                             and CPFWM reports;
    3. Evaluating the policies and procedures related to              e. Human Resources (HR)
         the AML, CFT, and CPFWM program;                                Training and development of HR are crucial
    4. Approving the Director’s report on the plan and                   to ensure that employees have the necessary
         actual updates of customer data..                               knowledge and skills to implement the AML, CFT,
b. Policies and Procedures                                               and CPFWM programs. The Company continuously
    Comprehensive policies and procedures are                            conducts training, internalization, and reminders on
    required to identify, assess, and manage risks related               the implementation of these programs to increase
    to Money laundering (ML), Terrorism Financing                        awareness among all employees, especially those
    (TF), and Proliferation Financing of Weapons of                      who directly interact with customers (frontliners),
    Mass Destruction (PFWMD), which are reviewed                         employees overseeing the implementation of the
    periodically. The provisions related to AML, CFT, and                programs, and those involved in preparing reports to
    CPFWM regulate the following matters:                                PPATK an OJK. The training is conducted effectively
    1. Provisions related to the identification and                      and interactively as follows:
         verification of prospective customers, customers,               1. Thematic refreshment of AML, CFT, and CPFWM for
         and WIC;                                                            employees using print or digital media through
    2. Provisions related to the implementation of                           internal Bank platforms;
         Transaction Suspension and Transaction Delay;                   2. Internalisasi Awareness APU, CFT dan PFWMD
    3. Provisions related to the implementation of the                       2024.
         closure of business relationships and transaction
         rejection




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                                                                                               2024
                                                                                       Annual Report




   a) Training of Trainer                                     and audits from the 2023 AML and CFT thematic
       The Bank organizes a Training of Trainers              audit.
       (TOT) activity to enhance understanding of
       the implementation of AML, CFT, and CPFWM              Additionally, surprise reviews are carried
       programs among employees who interact                  out periodically at Branch Offices to assess
       with customers and/or WIC, such as customer            employees’ understanding and evaluate the
       service representatives. The expected output           effectiveness of the implementation of AML, CFT,
       of this activity is that the internalization           and CPFWM programs.
       process can be continuously carried out by
       the participants to other employees, ensuring   Submission of Reports and Data to Regulators and/or
       that the understanding of AML, CFT, and         Law Enforcement Officials
       CPFWM programs is disseminated effectively,     a. Submitting Financial Transaction Reports to the
       consistently, and interactively.                   Center for Financial Transaction Reports and Analysis
   b) Training on Beneficial Owner (BO)                   (PPATK) as follows:
       The bank organizes training sessions on            a. Cash Transaction Report (LTKT)
       Beneficial Ownership (BO) to improve               b. Suspicious Transaction Report (LTKM)
       employees’        understanding     of    the      c. International Funds Transfer Instruction Reports
       implementation of AML, CFT, and CPFWM                  (LTKL)
       programs, particularly in the execution of         d. Integrated Service User Information System
       Customer Due Diligence (CDD) processes for             Report (SIPESAT) PT Bank Tabungan Negara
       prospective customers, current customers,              (Persero) Tbk 637 2023 Annual Report
       and WIC with a Beneficial Owner (BO).           b. Conveying Data/Information Compliance to the Law
   c) Training on Understanding and Implementing          Enforcement & Regulatory Officials as follows:
       AML, CFT, and CPFWM Programs for High-Risk         a. Information System for AML and CFT Program
       Customers.                                             (SIGAP) to the Financial Services Authority (OJK)
       The Company organizes sessions to                  b. Anti-Money Laundering (AML) and Counter-
       increase employees’ understanding in                   Terrorism Financing (CFT) report via Online
       performing Customer Due Diligence (CDD)                Reporting Application (APOLO)
       and Enhance Due Diligence (EDD) on high-           c. Information System for Suspected Terrorism
       risk customers, enhancing vigilance against            Financing (SIPENDAR) to the Center for Financial
       Money Laundering, Terrorism Financing, and             Transaction Reports and Analysis (PPATK)
       Proliferation Financing.                           d. Electronic       Data    Exchange       Application
3. AMOLA Office Battle BTN 2024                               Report (PEDAL) to the Corruption Eradication
   The AMOLA Office Battle BTN 2024 is a quiz                 Commission (KPK)
   competition on AML, CFT, and CPFWM between             e. Fulfillment of data requests by the Supervisory
   all Branch Offices (Conventional and Sharia)               and Regulatory Agency (LPP) and other Law
   from each Regional Office. The participants                Enforcement Officials (APGAKUM), namely
   of the AMOLA Office Battle BTN 2024 are teams              the Police, National Narcotics Agency (BNN),
   consisting of three people, and each team must             Prosecutor’s Office.
   include representatives from the Customer           c. Submitting reports related to the Implementation
   Service Supervisor and Customer Service Staff at       of General Elections and Regional Head Elections
   each Branch Office. This activity aims to improve      to the Center for Financial Transaction Reports and
   competence and understanding of AML, CFT, and          Analysis (PPATK) as follows:
   CPFWM programs, as well as to enhance self-            a. Monitoring the Special Campaign Fund Account
   awareness regarding the importance of fostering            (RKDK).
   a culture of compliance in the implementation of       b. Screening of political party treasurers, central,
   AML, CFT, and CPFWM programs.                              and regional management boards.
4. Branch Visit dan Surprise Review                       c. Screening of the Permanent Candidate List (DCT)
   Branch visits are conducted to increase                    of General Election and Regional Head Election
   awareness at Branch offices by internalizing the           participants submitted by PPATK.
   program at these locations, considering factors        d. Submitting all reports and requests for information
   such as the distribution of Financial Transaction          related to the implementation of the 2024 General
   Reports (LTKM), documentation of Beneficial                Election and Regional Head Election .
   Owner data, incomplete CIF, high-risk customers,




                                                                 PT Bank Tabungan Negara (Persero) Tbk    735
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                                                            Corporate
                                                            Governance




Risk Assessment of AML, CFT, and CPFWM
The Company has conducted periodic and continuous risk assessments for Money Laundering (TPPU), Terrorism
Financing (TPPT), and Proliferation Financing of Weapons of Mass Destruction (PFWMD). In 2024, the Bank conducted
an Individual Risk Assessment (IRA) to identify, assess, and understand the risks related to TPPU, TPPT, and PPPSPM in
relation to customers, countries, or geographical areas, products, services, transactions, or distribution networks.


Financial Integrity Rating Assessment by PPATK
The Financial Integrity Rating (FIR) indicates the level of commitment, implementation, and compliance of the
reporting party with Indonesia’s Anti-Money Laundering and Counter Financing of Terrorism AMLCFT) regime. In 2024,
the Company received a “Very Good” category in the FIR, ranking above the average FIR for KBMI 3 and exceeding the
average FIR for general banking financial service providers.


Active Participation of the Bank in the AML, CFT, and CPFWM Programs Organized by Regulators/Government, including:
1. Partnership in the National Movement for the 22nd Year of the AML, CFT Regime in Indonesia;
2. Active Role in Surveys and performance Effectiveness Index Assessments by PPATK in efforts to prevent and combat
   Money Laundering (TPPU) and Terrorism Financing (TPPT);
3. Participation in the Collaborative Analysis Team (CAT), a collaboration for information exchange between the
   public sector, including PPATK, reporting parties, regulatory and supervisory agencies (LPP), and law enforcement;
4. Participation in the Financial Transaction Fraud Handling Center (PUSAKA);
5. Involvement in the National Discussion on PPATK together with FKDKP, and other activities related to AML, CFT, and CPFWM.
6. As part of the Bank’s commitment to supporting the eradication of illegal activities, including online gambling and
   account trading, the Bank has implemented an AML, CFT, system with parameters to detect Unusual Customer
   Transaction (UCT) related to gambling and conducts daily cyber patrol activities
.


Legal Case
Table of Lawsuits

                                                                                         Total
No.                      Legal Case
                                                                   Civil               Criminal           Industrial Relations

  1.     Already settled (has permanent legal force)                119                    14                      2

  2.     In the process of set-tlement                              177                     9                      2

 Total                                                             296                     23                      4



Legal Cases Facing The Company

Table of Legal Cases Faced by the Company

                                                                Impact on
                                            Settlement                       Management’s                      Risk and Claim
 No              Case/ Claim                                  the ompany’s                        Verdict
                                              Status                            effort                            Amount
                                                                Condition

         Claim filed by debtor related
                                                                             The Bank files a
         to the settle-ment of the         Supreme Court      Risk of the
                                                                             legal effort for
  1.     certificate used aas collateral   Review Process     Bank paying                          None        Rp108.000.000
                                                                             Supreme Court
         which has not been resolved       (PK)               compensation
                                                                             Review (PK)
         by the develop-er.

         Claim for compen-sation
                                                                             The Bank files a
         against the Bank and external     Supreme Court      Risk of the
                                                                             legal effort for
  2.     parties related to the misuse     Review Process     Bank paying                          None        Rp1.317.500.000
                                                                             Supreme Court
         of funds placed by the            (PK)               compensation
                                                                             Review (PK)
         customer.

                                                                             The Bank files a
         Claim filed by the fund owner     Cassation          Risk of the
                                                                             legal effort for
  3.     relat-ed to the loss of funds     Process in the     Bank paying                          None        Rp33.600.000.000
                                                                             Supreme Court
         placed in the Bank.               Supreme Court      compensation
                                                                             Review (PK)

                                                                             The Bank files a
         Claim filed by the fund owner     Cassation          Risk of the
                                                                             legal effort for
 4.      relat-ed to the loss of funds     Process in the     Bank paying                          None        Rp30.777.210.669
                                                                             Counter-Memo for
         placed in the Bank.               Supreme Court      compensation
                                                                             Cassation



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                                                                                                      2024
                                                                                              Annual Report




Lawsuits/Important Issues Faced by The                     3. Investors can directly contact the Corporate
Board of Directors and Commissioners                          Secretary/ Investor Relations of the Company by
                                                              sending an email to investor_relations@ btn.co.id
During 2024, no current members of the Board of               The Company’s Public Information Request Service
Directors and Commissioners of the Company had                through the ppid.btn.co.id website and/or the BTN
either civil or criminal legal issues.                        PPID android application that can be downloaded
                                                              through the smartphone of information users.
Lawsuit/Important Issues Faced By                          5. The company also continuously submits information
Subsidiaries                                                  disclosure reports and/ or material facts to the
                                                              Financial Services Authority and the Indonesia Stock
Until 2024, Bank BTN does not yet have a Subsidiary, so       Exchange as well as through the electronic reporting
there is no information on legal issues being faced by        systems spe.ojk.go.id and idxnet.co.id and the website
Subsidiaries.                                                 www.btn.co.id.
                                                           6. Information through other media, including mass
Administrative Sanctions Imposed                              media (press releases), internal magazines/bulletins,
onThe Company, Members of The                                 posters, and banners.
Board of Commissioners and Directors                       7. Report submissions to regulators, analyst meetings,
by The Capital Market Authority and                           press conferences, and so on Information through
Other Authorities                                             other media, including mass media (Press Releases),
                                                              internal magazines/ bulletins, posters and banners.
The Company strives to fulfill its responsibilities and       In addition to more specified information about the
comply with all Laws and Regulations, Regulations of the      Company, the public and investors can contact:
Financial Services Authority and other Authorities that
apply to the Company. Throughout 2023, there were
no administrative sanctions imposed on the Company                           Corporate Secretary
that affected the continuity of the Company’s business                          Ramon Armando
                                                                                     Menara BTN
and there were no administrative sanctions imposed on
                                                                     Jl. Gajah Mada No. 1, Jakarta Pusat 10130
members of the Board of Directors or members of the                         Telp: (021) 6336789 ext. 2003
Company’s Board of Commissioners                                                 Faks: (021) 6336719
                                                                                Email: csd@btn.co.id

Access to Company Information and
Data
                                                           Investor Relations
The Company provides access to information and
data, both financial and non-financial related reports     The Company always maintains a harmonious
to the public in a transparent manner through various      relationship with shareholders, potential investors,
media such as websites (in two languages), mass            analysts and other capital market communities
media (press releases), internal magazines/ bulletins,     by holding regular activities such as meetings with
meetings with analysts, IDX official website, product      analysts/investors on a national and international scale
posters and banners, corporate actions, Company            as well as performance exposure to the public. The
presentation materials to the public and so on. Access     Company also fulfills information disclosure obligations
to Company information regarding financial and             as regulated in the Capital Market such as Disclosure
company information, among others, can be done             of Material Information or Facts, Financial Statements,
through the following media:                               Annual Reports and Certain Shareholders Reports.
1. Website www.btn.co.id which is presented in
    Indonesian and English, as well as conveys             The contacts for the Company’s Investor Relations are
    information regarding the following:                   as follows:
    a. Shareholder information up to individual ultimate
        owners;
    b. Financial performance analysis;                                        Investor Relations
    c. Annual financial statements for the last 5 years;                         Winang Budoyo
                                                                    PT Bank Tabungan Negara (Persero) Tbk
        and                                                            Menara BTN Lt. 16, Jl. Gajah Mada No. 1
    d. Profile of the Board of Commissioners and the                           Jakarta 10130 Indonesia
                                                                                 Telp : +62 21 63870107
        Board of Directors.                                              Email : investor_relations@btn.co.id
2. For more information, customers can contact BTN            Website : https://www.btn.co.id/Investor-Relation-Home
    Call 1500 286 or email btncontactcenter@btn.co.id
    or csd@btn.co.id.



                                                                      PT Bank Tabungan Negara (Persero) Tbk       737
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                                                    Governance




Profile of Investor Relations Head

                                               Educational Background
                                               • S1 Bachelor of Economics – Universitas Indonesia
                                               • S2 Master of Economic Studies – University of Queensland

                                               Certification
                                               -

                                               Work Experience
                                               • Investor Relations & Research Division Head and Chief Economist BTN
                                                 (2020 – present)
                                               • Investor Relations Department Head and Chief Economist BTN (2018 –2020)

                                               Legal Basis for Appointment
                                               21/KUASA/DIR/2020 dated April 28 2020




Winang Budoyo
Investor Relations Head

Indonesian Citizen,
55 years ols as of December 2024,
domiciled in Bekasi.



Investor Relation’s Duty and Responsibilities                    5. Supporting the reporting process to regulators to
                                                                     fulfil the compliance functions in accordance with
Relations actively organizes meeting forums with                     applicable regulations.
analysts, investors, rating agencies and other capital           6. Managing the Bank’s performance communication
market communities to ensure that information                        activities to the public, Bank Investors, and the
disclosure can be carried out properly. The authority of             Capital Market.
Investor Relations following the Special Policy (KK) 9-AA        7. Ensuring the quality of data communicated in terms
is as follows:                                                       of validity, accuracy, and sources of information
1. Manage all communication activities with analysts,                to provide appropriate information regarding the
    investors and the capital market community to                    company’s performance and prospects to investors
    provide an overview of the company’s performance                 as well as optimizing investment in the Bank.
    and prospects to analysts and investors.                     8. Proactively providing information to the capital
2. Managing all communication activities with                        markets community and seeking opinions on
    analysts and investors, including the capital market             strategic matters.
    community starting from communicating Bank BTN’s             9. Managing the procurement of Investor Relations
    performance and developing an appropriate image,                 Communication Activities and meetings with other
    to carrying out communication programs to the                    stakeholders regarding the delivery of company
    capital market community to provide an overview                  business and financial information to provide
    of the company’s performance and prospects to                    company prospects to investors in optimizing
    analysts and investors.                                          investment in Bank BTN.
3. Ensure that the quality of data collected regarding           10. Preparing presentation materials for Investor
    business performance and prospects is valid and                  Relations communication activities.
    accurate data to be communicated to the investor             11. Providing Bank data and information regarding Bank
    community and capital market community in order                  performance through the Investor Relations website
    to optimize investment in the Company. Manage and                to provide easier and wider access, in which the
    ensure accurate data collection activities to support            information includes:
    analysis and modeling to optimize investment in the              a. Monthly and quarterly financial reports, Liquidity
    company.                                                              Sufficiency Ratio Report (LCR), Net Stable Funding
4. Managing the availability of reports related to investor               Report (NSFR), Risk Exposure and Capital Report,
    responses, valuation, and stock performance to the                    Entity Financial Report, and Leverage Ratio
    Board of Directors to provide opinions in preparing                   Report following the Financial Services Authority
    the company’s business and financial strategies.                      (OJK) requirements as a banking company in
                                                                          Indonesia.




738       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                         2024
                                                                                                 Annual Report




   b. Publication of consolidated financial reports
                                                                         Date                       Rating Agency
      every quarter and audited for the year-end
      period in accordance with the Financial Services      June 20, 2024                    Pefindo
      Authority (OJK) requirements as a public              September 19, 2024               Fitch Ratings
      company as well as presentation materials for
                                                            November 20, 2024                Moody’s
      the Analyst Meeting.
   c. Annual Report which is a comprehensive report
      for the public and stakeholders on Bank BTN’s         3. Interactions and discussions with investors and
      performance achievements, business, and other            analysts in conference meetings or non-deal
      activities.                                              roadshows throughout the year..


The basic principles used by Investor Relations in
communicating with the capital market community are:                 Date                          Activities
1. Fair disclosure of information by taking into
                                                            January 12, 2024         UBS Banks Day
   account the principles of equitable treatment and
   transparency.                                                                     Local Non-Deal Roadshow with CGS
                                                            January 22-26, 2024
                                                                                     International
2. Information is provided by adhering to the
                                                                                     Virtual Regional Small cap Book
   precautionary principle and taking into account the      January 30, 2024
                                                                                     Conference with RHB Securi-ties
   applicable confidentiality provisions in the banking
                                                                                     Regional Non-Deal Roadshow with
   sector.                                                  February 19 - 22, 2024
                                                                                     CGS International

                                                                                     EFG one-on-one Conference Forum
The public exposure methods used are as follows:            March 4, 2024
                                                                                     with EFG Hermes
1. Direct, which includes: General Meetings of
                                                            March 6, 2024            Mandiri Investment Forum
   Shareholders, Public Expose, Non Deal Roadshow,
                                                                                     Europe Non-Deal Roadshow with UBS
   Investor Conference, Press Conference, 1-on-1            April 15 - 19, 2024
                                                                                     Global Securities
   Meetings, Group Meetings, Conference Call, Branch
                                                                                     Local Non-Deal Roadshow with BNI
   Visits and Site Visits.                                  May 6 - 8, 2024
                                                                                     Sekuritas
2. Indirect, which includes Annual Reports, Published
                                                            13 - 14 May 2024         Macquarie Asia Conference 2024
   Financial Statements, Press Releases, Website,
   Broadcast Media (TV, Newspaper, Online Media),           June 10, 2024            Macquarie Asean Banks Day Tour

   Social .                                                 June 13, 2024            CLSA Asean Forum

                                                            August 27, 2024          Public Expose Live 2024
Implementation of Investor Relations Duties
                                                            August 28, 2024          Macquarie ASEAN Conference 2024

A. Investor Relations Activity                              September 23 - 27,       Europe Non-Deal Roadshow with UBS
                                                            2024                     Global Securities
In 2024, activities and interactions of the Investor
Relations unit with investors, analysts, rating agencies,   September 25, 2024       UBS Mid Caps Day 2024

and capital market communities, are as follows:                                      Regional Non-Deal Roadshow with
                                                            October 23 - 25, 2024
                                                                                     UBS Global Securities
1. 4 (Four) Analyst Meetings throughout the year.
                                                                                     Australia Non-Deal Roadshow with
                                                            October 28 - 29, 2024
                                                                                     UBS Macquarie Securities

      Date              Topic           Description         November 5, 2024         Site Visit Investor

                                                                                     Nomura Verdhana Indonesia
 February 12,     Analyst Meeting    Video Conference       November 7, 2024
                                                                                     Conference 2024
 2024             FY23 (audited)     Call
                                                                                     Local Non-Deal Roadshow BRI
                  Analyst Meeting    Video Conference       December 11 - 12, 2024
 April 25, 2024                                                                      Danareksa Sekuritas
                  1Q24 (unaudited)   Call

                  Analyst Meeting    Video Conference
 July 25, 2024
                  1H24 (unaudited)   Call                   Throughout 2024, the Company has fulfilled offline
                  Analyst Meeting                           and online conference calls from capital market
 November 28,                        Video Conference
                  9M24 (limited                             communities, some involving the Board of Directors or
 204                                 Call
                  review)
                                                            the Investor Relations unit.


2. Organizing Annual Reviews with national and
   international rating agencies which were held 3
   (three) times a year.




                                                                        PT Bank Tabungan Negara (Persero) Tbk          739
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                                                                        Corporate
                                                                        Governance




           Participant                       Number of Activi-ties
                                                                                     Media Exposure

 Analyst                                                  84                         From January to December 31, 2024, the company
 Local Investors                                          58                         got wide positive media coverage in print, online,
                                                                                     and electronic mass media. Throughout the year, the
 Foreign Investors                                        103
                                                                                     Company has distributed 107 (a hundred and seven)
 Rating Agency                                              3                        press releases to mass media and 88 (eighty-eight)
 Total                                                   248                         official photo news sent to the press. Therefore in the
                                                                                     same period, the company got high exposure with
                                                                                     more than 25.603 media coverage and 24.600 from the
The Investor Relations Unit periodically submits reports                             whole coverages are positive coverage. In total, 94% of
on the development of the Company’s shares, including                                the coverage was published by online media such as
unusual market activities, and reports related to inputs,                            Kompas.com, kontan.co.id, bisnis.com, poskota.co.id,
responses and expectations of investors, analysts                                    and detik.com.
and other capital market communities towards the
Company’s business development and performance
improvement.



     Distribution of BTN News Media Categories


                                      Electronic Media (TV) : 347 Coverage
                                                                                             Print Media : 1.318 Articles
                                      1%
                                                                                                                          5%


               Electronic Media (Radio) : 1 Broadcast
                                                                                                             Print Media : 1.318 Articles

                                                                                                             Online media : 23.937 Articles

                                                                                                             Electronic Media (TV) : 347 Coverage

                                                                                                             Electronic Media (Radio) : 1 Broadcast
                    Online media : 23.937 Articles
                    94%




     TOP 10 BTN Media


                          Print Media                                           Online Media                                         Electronic Media (TV)

         Kontan                                   402            kontan.co.id                          835          IDX CHANNEL                                84


         Bisnis
                                      198                         bisnis.com                     535             CNBC Indonesia                           33
     Indonesia

         Investor
                                     165                        poskota.co.id                474                               VOI                        31
            Daily

       Rakyat
                               118                                 detik.com               411                         Kontan TV                          31
      Merdeka

         Neraca           77                                       msn.com                 404                         Garuda TV                     20


        Media
                          64                               idxchannel.com                  401                           Inews TV                    20
     Indonesia

           Koran
                     35                                         kompas.com             349                               Metro TV                16
         Jakarta

     Jawa Pos        34                                 cnbcindonesia,com             338                         CNNIndonesia                  12


      Majalah
                     29                                   emitennews.com             296                                Liputan 6           7
     Info Bank

         Solopos    26                                  wartaekonomi.com             271                                  Indosiar      6




740          PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                2024
                                                                                                        Annual Report




Press Release


  No.           Date                                                         Title

   1.   January 5, 2024     With Rp 174 Million Prize, BTN Holds Journalism and Photo Awards Ahead of 74th Anniversary.

  2.    January 7, 2024     Collaborating with AMC, Bank BTN Successfully Cuts Nearly IDR 900 Billions of NPL

  3.    January 8, 2024     35 Years Mortgage Scheme Will Offer Convenience for Millennials and Gen Z

  4.    January 9, 2024     Strong Commitment to Implement ESG, Bank BTN Excels in Sustainable Transformation

                            Encouraging the Implementation of ESG, Bank BTN Becomes a Member of United Nations Environment
  5.    January 15, 2024
                            Programme Financial Initiative (UNEP FI)

  6.    January 24, 2024    BTN Syariah Assets Are Expected To Exceed Idr 50 Trillion

  7.    January 25, 2024    BTN Projects That the Property Sector in 2024 Will be Bright

  8.    January 26, 2024    Launching the Travel Xperience Program, BTN Targets Priority Customer Funds to Reach IDR 57 Trillion

  9.    January 30, 2024    BTN Projects 12 Percent Growth in Home Sales

  10.   February 2, 2024    From Gen Z to Entrepreneurs Can Now Afford Houses with Syariah Scheme

  11.   February 2, 2024    BTN’s Steps in the Mission of Saving Bank Muamalat are Worth Appre-ciating

  12.   February 4, 2024    BTN has Distributed IDR 52 Trillion to Informal Sectors

  13.   February 6, 2024    Celebrating 74th Anniversary, BTN Launch “Serba 74” Promo

  14.   February 12, 2024   A Successful Transformation, BTN Gains IDR 3.5 Trillion Profits

  15.   March 3, 2024       Coming Up with New Logo, BTN Gains More Confident

  16.   March 6, 2024       BTN’S Annual Agm Shares Idr 700.19 Billion Dividend

  17.   March 9, 2024       LAUNCHING CONTACTLESS VISA DEBIT CARD, BTN IS OPTIMIST TO REACH 20% TRANSACTIONS

  18.   March 10, 2024      The Jakarta International Marathon 2024 Will Be Held on the DKI Jakarta Anniversary Date

  19.   March 13, 2024      Launching 4 New Features, BTN Mobile Gets More Ambitious This Year

  20.   March 22, 2024      Aiming At The Emerging Affluent Segment, BTN Launches BTN Prospera

  21.   March 26, 2024      BTN Held State-Owned Enterprise (BUMN) Safari Ramadhan 2024 Pro-gram

  22.   March 27, 2024      Welcoming Eid, BTN Prepares Idr 39.44 Trillion Cash Supply

  23.   March 28, 2024      BTN Supports Flood Victims in Central Java

  24.   April 3, 2024       BTN Board of Directors Held Safari Ramadan Simultaneously in Various Regions

  25.   April 17, 2024      Accelerating Employee Development, BTN Ranks in the Top 3 for Career Development

  26.   April 25, 2024      In Quarter I - 2024, BTN Credit Distribution and Financial Performance Reached IDR 344.2 Trillion

                            Collaborating With Corruption Eradication Commission (Kpk), Btn Strengthens Employee Family
  27.   April 26, 2024
                            Integrity

  28.   May 2, 2024         Celebrating Kartini Day: BUMN Srikandi Conduct Education Session Re-garding Property Investment

  29.   May 5, 2024         Consistently Carrying Out Its Role, BTN Wins Best Savings Bank Award

  30.   May 8, 2024         Come Across the Potentials of Property Industry in Cirebon, BTN Relo-cates its Branch Office

                            Due To Fraudulent Investments In Btn, Ombudsman Invites The Financial Service Authority (Ojk),
  31.   May 8, 2024         Indonesia Deposit In-Surance Corporation (Idic), And The Ministry Of State-Owned Enterprises
                            (Bumn)

  32.   May 21, 2024        Encouraging non-subsidized mortgage (KPR), BTN Officially Opens Three Sales Centers in Three Big Cities.

                            Driving the Revolution Through AI, BTN Maximizes Digital Transfor-mation and Focuses on Customer-
  33.   May 22, 2024
                            Centricity

  34.   May 24, 2024        Collaborating with Volunteers from Bakti BUMN, BTN Fights Bullying

  35.   May 26, 2024        BTN Syariah Recognized as Indonesia’s Best Domestic Islamic Bank

  36.   May 30, 2024        BTN Aims Business Development Potentials in ITS

  37.   June 10, 2024       BTN Wins 2 Awards for Best Corporate Emission Reduction Transparency 2024

  38.   June 11, 2024       BTN JAKIM 2024 Proud to Get the title World Athletics Label Road Races

  39.   June 4, 2024        Runners High Enthusiasms Got BTN JAKARTA INTERNATIONAL MARA-THON (JAKIM) 2024 Tickets Sold Out



                                                                                PT Bank Tabungan Negara (Persero) Tbk           741
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                                                     Corporate
                                                     Governance




 No.            Date                                                         Title

                             The President Appreciates BTN’s Involvement In Building The Future Of The Nation In Indonesia’s New
 40.    June 5, 2024
                             Capital City (Ikn)

 41.    June 13, 2024        BTN Prepares Strong Human Resources in IT to Face the Development of AI Technology

                             For a Healthy Jakarta, Local Government Encourages Citizens to Support the International Marathon
 42.    June 13, 2024
                             Event."

 43.    June 18, 2024        Jakarta International Marathon 2024 is On Going, See 36 Roads That Will be Closed

                             As the Jakarta International Marathon (JAKIM) 2024 is Held, Here are the Parking Spots and Public
 44.    June 18, 2024
                             Transportation

 45.    June 19, 2024        Kemenparekraf Supports BTN JAKIM 2024

 46.    June 21, 2024        BTN Jakim Racers Pick Their Race Pack Before The Closing To-Morrow

 47.    June 22, 2024        Celebrating Jakarta's Anniversary, Btn Launches Qris Trans-Action Promo “Serba Idr 497” In BTN Jakim

 48.    June 23, 2024        BTN Jakarta International Marathon 2024 Successfully Held

 49.    June 28, 2024        BTN Takes Note On On Track Achievement Starting From May 2024

 50.    June 30, 2024        Getting More Innovative, BTN Launches 3 New Feature In Btn Mobile

 51.    July 4, 2024         BTN Gets the ABF Wholesale Banking Awards 2024

 52.    July 4, 2024         BTN Prioritas Gain ABF Retail Banking Awards 2024

 53.    July 11, 2024        BTN Embraces Young Developers to Reduce Housing Backlog

 54.    July 15, 2024        Encouraging The Economic Growth At Pidie, BTN Opens The Syariah Office Branch

 55.    July 19, 2024        BTN Gains Euromoney Awards For Exellence 2024

 56.    July 23, 2024        ID FOOD Collaborates with BTN to Tackle Stunting Issue

 57.    July 25, 2024        Financial Performance in Semester I/2024: Credits and Financing in BTN Reach IDR 352 Trillions

                             Winning the Asean Risk Champion Award 2024, BTN Outstands Asean Corporations In Risk
 58.    July 29, 2024
                             Management

 59.    July 31, 2024        Boosting Credit Distribution, BTN Held A Mass Credit Agree-Ment

 60.    August 2, 2024       BTN Syariah and PP Muhammadiyah Strengthen Their Collaboration

 61.    August 15, 2024      Consistently Applying Sustainable Banking, BTN Win Esg Initia-Tives Awards (Eia) 2024

 62.    August 23, 2024      Developing Property Potential In Sumatera, BTN Invites Stu-Dents In Pekanbaru To Become Developers

 63.    August 27, 2024      On Track Pergormance, A New Scheme Of Subsidy Is Required To Reduce The Housing Backlog

 64.    August 29, 2024      BTN Spares Financing Support For 150.000 Low-Emission Houses

 65.    August 29, 2024      Improving efficiency and transparency, BTN Implements E2E Procure-ment

 66.    September 4, 2024    National Customer Day: BTN Improves Its Service As Transac-Tional Bank

                             BTN Gets High Appreciation as Encouraging the Rumah Murah (Cheap Housing) Program Despite
 67.    September 7, 2024
                             the Increase of BI Rate

 68.    September 11, 2024   To Improve the Services, BTN Expands Network to Campuses

 69.    September 13, 2024   In August 2024, BTN Notes on Credit Distribution as Committed

                             BTN and Syailendra Capital Collaborates and Launch 2 Reksa Dana Unggulan Products in BTN Mobile
 70.    September 26, 2024
                             Feature and Distributed by BTN Pro-fessional Staff

  71.   September 27, 2024   From 2020-2024, BTN Assets Increases By 26%

 72.    September 29, 2024   Leading In Creativity And Esg Innovation, BTN Wins The Idea-Ward 2024

                             BTN Mobile App, A Pioneer in Mortgage digitalization in Indonesia with Integrated House Searching
 73.    September 30, 2024
                             feature




742     PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                              2024
                                                                                                      Annual Report




No.          Date                                                           Title

                           To Improve the MSME Kriya Sector, the State-Owned Enterprise Busi-ness (BUMN) Held “BerKRIYAsi”
74.    October 7, 2024
                           in Jakarta and Makassar

75.    October 9, 2024     Wins the ARA 2023, BTN Rank Increases

76.    October 15, 2024    Encouraging BUMN to be Super Learner, BTN Commits to Provides High Quality Human Resources

77.    October 16, 2024    Collaborating With Amartha, BTN Expands Financial Support For Msme

78.    October 17, 2024    BTN Offer 74% Discount In “Umkm Bekriyasi” Bazaar In Sarinah

79.    October 17, 2024    Genjot Pembiayaan Perumahan

80.    October 17, 2024    Improving Human Resource Quality, BTN Creates Learning Center in Bandung

81.    October 18, 2024    Networking with Quality Talents, BTN Strengthens its Partnership with Top Universities

82.    October 18, 2024    Proposing the Ecofriendly Concept, BTN Conducted Groundbreaking in Gandul Ecopark

83.    October 19, 2024    A Complete Support Kit from BTN to MSME, from Financing to BUMN MSME Bazaar in Sarinah

84.    October 20, 2024    3 Million Homes Program Boosts Economy, People Have More Chance to Own a House

                           Overseeing 3 Million Houses Program, BTN And Unnes Col-Laborates To Prepare High Quality Human
85.    October 23, 2024
                           Resources In Digital Era

86.    October 24, 2024    “BerKRIYAsi” event in Makassar Shows BTN Consistency in Supporting the Development of MSME

87.    October 24, 2024    BTN is Committed to Protect Personal Information of Its Customers

88.    October 29, 2024    Gojek Driver Partners in Bogor, Yogyakarta, dan Semarang have Their Dream House

89.    November 5, 2024    Supported by KPR, BTN is Optimistic that Credit Growth is on Target

90.    November 7, 2024    BTN and UNTAN Strengthen Strategic Collaboration to Reach Indonesia Emas 2045

91.    November 8, 2024    To 3 Ministers, BTN Board Of Directors Presented The Solution Of 3 Million House Program Achievements

92.    November 12, 2024   Innovative In Esg Leads BTN To Win The Global Retail Banking Innovation Awards 2024

93.    November 13, 2024   Aiming to the Emerging Affluent Segment, BTN Launches BTN Prospera Debit Card

94.    November 14, 2024   Targeting Cheap Funds, BTN Partners with UPN Veteran Yogyakarta

95.    November 19, 2024   Cost of Funds Still High, Banks Experience Profit Pressure

96.    November 22, 2024   Implementing Esg Champion, BTN Got Green Building CertifiCation

97.    November 26, 2024   To Boost Innovation in Housing Business, BTN Held Housingpreneur Competition

98.    November 29, 2024   High Cost Of Fund Causes BTN Credits And Third-Party Funds Grow Above The Industry

99.    November 29, 2024   3 Million House Program Got Support Across Ministries

100.   December 10, 2024   Celebrating KPR 48Th Anniversary, BTN Offers 3.48% Interest

                           Ara, the Minister of Housing and Residential Areas Compliments the Ministry of State-Owned
101.   December 12, 2024   Enterprises (BUMN), Within 2 Months of Prabowo’s Governmental Period, 30.000 House Units Financial
                           Has been Distributed.

102.   December 13, 2024   Near Christmas and New Year, BTN Provides Cash as Many as IDR 20.37 Trillions

103.   December 15, 2024   Celebrating KPR 48Th Anniversary, BTN Held Bale (Super App) Soft Launching

                           Dahsyat Baru 2 Bulan, Pemerintahan Prabowo Sudah Salurkan Pem-biayaan 30.000 Unit Rumah
104.   December 15, 2024
                           Gebrakan 2 Bulan Pemerintahan Prabowo, Salurkan Pembiayaan 30.000 Unit Rumah

105.   December 27, 2024   Going on with the Transformation, BTN Improves the Human Resource Quality using the AI

106.   December 30, 2024   BTN Syariah Embraces Sun Life Indonesia And Launched Salam Berkah Amanah Insurance

107.   December 31, 2024   A Solid Performance, BTN Records Credits and Third Party Fund (DPK) Increases in November 2024




                                                                              PT Bank Tabungan Negara (Persero) Tbk       743
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                                                    Corporate
                                                    Governance




Media Briefing/Press Conference


 No.          Month                     Activity                   Media Briefing and Press Conference Theme Title

                            Press Conference on 2023
  1.   February 12, 2024                                         Successful Transformation, BTN Records IDR 3.5 Trillion Profit
                            Performance Presentation

                            Press Conference: Launching of
 2.    March 3, 2024                                             BTN Launches New Logo
                            New Logo

 3.    March 6, 2024        Press Conference: AGMS Results       BTN Agms Distributes Idr 700.19 M Dividend

 4.    March 9, 2024        Press Conference: BTN Jakim 2024     BTN Jakim 2024 Ready To Implement 3S

                            Press Conference: BTN Prospera
 5.    March 22, 2024                                            BTN Prospera Launched, Targetting Idr 8 Trillion In Cheap Funds
                            Launched

                            Breaking Fast with Managing          Help Reduce Backlog, Btn Proposes New Scheme For Subsidized
 6.    April 4, 2024
                            Editor                               Mortgage

                            Press Conference on Ombudsman
 7.    May 8, 204           and BTN Explanation Regarding        BTN Invites Customers To Take Legal Course
                            Customer Fund Claims

                            Press Conference on the
 8.    June 23, 2024                                             BTN Jakim 2024 Successful
                            Implementation of BTN Jakim 2024

                            Public Expose Online public expose   Performance On Track New Subsidy Scheme Needed To Reduce
 9.    August 27, 2024
                            activity with idx and media          Housing Backlog

                            Media Coverage & Doorstep
                                                                 BTN Prepares Financing Support For 150,000 Low-Emission
 10.   August 29, 2024      Groundbreaking of Low Emission
                                                                 Houses
                            Houses in Bekasi, West Java

                            Launch and Press Conference
                                                                 BTN-Syailendra Capital Synergy, Presents Two Leading Mutual
 11.   September 26, 2024   of BTN and Syailendra Capital
                                                                 Fund Products
                            Cooperation

                            Coverage and Doorstep with Three
                            Ministers, BTN President Director    Together With Three Ministers, BTN's Director Explains Solutions
 12.   November 8, 2024
                            Explains Solutions to Achieve 3      To Achieve The Three Million Houses Program
                            Million Houses Program

                            Coverage and Doorstep Cross-
 13.   November 29, 2024    Ministry Dialogue for 3 Million      The 3 Million Houses Program Gets Cross-Ministry Support
                            Houses Program

                            Coverage and Doorstep of Mass
                                                                 Minister Ara Praises Ministry Of Soes, In 2 Months Of Prabowo
 14.   December 12, 2024    KPR Contract in Pondok Taktakan
                                                                 Government BTN Distributes 30,000 Mortgage Units
                            Banten

                            Media Briefing Sneak Peak Bale
 15.   December 13, 2024                                         Availability of Natanru Holiday Cash
                            By BTN

                            Coverage and Doorstep of KPR
 16.   December 15, 2024                                         BTN Holds Soft Launching of Bale
                            Anniversary -48



Bulletin


                 Volume                                                          Theme

Paras I Edition 2024                     Bank BTN New Spirit

Paras II Edition 2024                    A Home for Best Talents in Indonesia

Paras III Edition 2024                   BTN ESG Strategy in Creating Harmony

Paras IV Edition 2024                    BTN Towards 3 Million House Program of Asta Cita




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                                                                                                          Annual Report




Transparency In Report Submission

The Company fulfills its obligations to Stakeholders and OJK in accordance with the provisions, including related to
transparency and publication of financial and non-financial conditions as follows:
- Other information aimed at supporting information disclosure, financial education and services to the public BTN
    Financial Literacy and Inclusion
- Report on the Implementation of Financial Literacy and Inclusion Activities in 2024: reported every semester.


During 2024, various Financial Literacy and Inclusion activities that had been reported to the regulators (BI and OJK)
were as followS:



                                                                                              Activity
         Period
 No.                     Province           Regency/City
        (Month)                                                                                                            Type of
                                                                                 Activity Name
                                                                                                                           Activity

                    The Special Capi-tal   Administrative City
  1.     January                                                 Market Outlook 2024 (Jakarta)                            Conventional
                     Region of Jakarta     of Central Jakarta

  2.     January         East Java           Surabaya City       Market Outlook 2024 (Surabaya)                           Conventional

  3.     March         Central Java        Sukoharjo Regency     Hajj Planning Education from an Early Age                   sharia

                                                                 Financial Education for debtors / prospective
  4.     March           East Java            Malang City        debt-ors who are members of the MSME                     Conventional
                                                                 entrepreneur association

                                                                 Financial Planning for Investment in Preparation
  5.    February    South East Sula-wesi      Baubau City                                                                 Conventional
                                                                 for Retirement

                                                                 Financial Planning for Investment in Preparation
                    The Special Re-gion
  6.      June                              Yogyakarta City      for Retirement - Socialization of Financial              Conventional
                      of Yogyakar-ta
                                                                 Services and Asabri Program

                                                                 Socialization of Financial Literacy for Lecturers
  7.      June           East Java          Jember Regency       and Employees of the University of Jember                Conventional
                                                                 Education Institute

                                                                 Socialization of Financial Literacy for Lecturers
                    The Special Capi-tal   Administrative City
  8.    February                                                 and Employees of UIN Jakarta Educational                    sharia
                     Region of Jakarta     of Central Jakarta
                                                                 Institutions

                                                                 Socialization of financial management for
  9.    February       North Maluku           Ternate City       students receiving Indonesia Smart College
                                                                 Card (KIPK)

                    The Special Capi-tal   Administrative City   KCP Agung Sedayu Status Improvement (Office
 10.     March                                                                                                            Conventional
                     Region of Jakarta      of North Jakarta     Network Addition)

  11.     June          West Java           Bekasi Regency       Outlet Relocation (Office Network Addition)              Conventional

  12.     June            Banten            Serang Regency       Outlet Relocation (Office Network Addition)              Conventional

                                              Banyuwangi
 13.      June           East Java                               Outlet Relocation (Office Network Addition)              Conventional
                                               Regency

 14.      June         Central Java         Klaten Regency       Outlet Relocation (Office Network Addition)              Conventional

 15.      June         North Maluku           Ternate City       Outlet Relocation (Office Network Addition)              Conventional

 16.      June          West Java          Karawang Regency      Outlet Relocation (Office Network Addition)              Conventional

  17.     June         Central Java        Semarang Regency      Outlet Relocation (Office Network Addition)              Conventional

 18.      June          West Java          Karawang Regency      Outlet Relocation (Office Network Addition)              Conventional

                                                                 Early Hajj Saving Education for Kindergarten
                    The Special Capi-tal   Administrative City
 19.    September                                                Chil-dren at KCP BTN Syariah Jakarta Kebon                  sharia
                     Region of Jakarta      of West Jakarta
                                                                 Jeruk

                    The Special Capi-tal   Administrative City
 20.    September                                                Ministry of Finance UMKM Bazaar                          Conventional
                     Region of Jakarta     of Central Jakarta

                    The Special Capi-tal   Administrative City   Socialization of Hajj and Umrah programs &
 21.    September                                                                                                            sharia
                     Region of Jakarta      of South Jakarta     indi-vidual sharia investments SMPN 104

 22.    September         Banten           Tangerang Regency     Financial Education to Majels Ta'lim Tangerang           Conventional




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                                                                                                 Activity
        Period
No.                     Province           Regency/City
       (Month)                                                                                                          Type of
                                                                                  Activity Name
                                                                                                                        Activity

                   The Special Capi-tal   Administrative City
23.    September                                                  Socialization of Purwaganda                          Conventional
                    Region of Jakarta      of North Jakarta

                   The Special Capi-tal   Administrative City
24.    September                                                  Literacy Party at Taman Ismail Marzuki               Conventional
                    Region of Jakarta     of Central Jakarta

                   The Special Capi-tal   Administrative City
25.    September                                                  MSME Socialization at Fresh Market PIK               Conventional
                    Region of Jakarta      of North Jakarta

                                          South Tangerang         Financial Socialization at Trek Mandone Gen 8
26.    September         Banten                                                                                        Conventional
                                                City              Showcase Event

                                          South Tangerang         Socialization to the Public, Notary Community &
27.    September         Banten                                                                                        Conventional
                                                City              BPN at Jawara RUN 2024

28.    September        West Java             Bogor City          Socialization of Kawungluwuk Savings                 Conventional

29.    September        West Java             Depok City          Socialization of Savings at SDIT An Nahl             Conventional

30.    September        West Java             Bogor City          Socialization of QRIS to MSMEs                       Conventional

 31.   September        West Java          Bogor Regency          Socialization of Future Preparation Savings          Conventional

                   The Special Capi-tal   Administrative City
32.    September                                                  Socialization of Savings at the Subdistrict Office   Conventional
                    Region of Jakarta       of East Jakarta

                   The Special Capi-tal   Administrative City     Socialization of Savings, Credit, and Cashless
33.    September                                                                                                       Conventional
                    Region of Jakarta       of East Jakarta       Pay-ments

                                                                  Socialization of Savings at LabSchool UNW
34.    September      Central Java        Semarang Regency                                                             Conventional
                                                                  Ungar-an

35.    September      Central Java        Semarang Regency        Socialization of Savings at UNAKI                    Conventional

                                                                  Financial Management Socialization with the
36.    September        East Java            Malang City                                                               Conventional
                                                                  Ma-lang Big Market Traders Association (P3BM)

37.    September        East Java           Surabaya City         Financial Socialization with Developer Partners      Conventional

                                             Banyuwangi           Financial Socialization with Banyuwangi Prison
38.    September        East Java                                                                                      Conventional
                                              Regency             Officers

39.    September        East Java            Madiun City          Financial Socialization with PDAM Madiun             Conventional

40.    September        East Java            Malang City          Socialization of QRIS & BPJS                         Conventional

 41.   September        East Java           Mojokerto City        Socialization of Saving Habits                       Conventional

                                                                  Financial Education and Banking System
42.    September        West Java          Bekasi Regency         Regula-tion for Students of MM2100 Industrial        Conventional
                                                                  Partners

                                                                  Socialization of QRIS Usage as a Payment
43.    September        West Java             Bekasi City         System at the SD Al-Azhar 23 Jatikramat              Conventional
                                                                  Canteen

                                                                  Socialization of QRIS Usage as a Payment
44.    September        West Java         Karawang Regency                                                             Conventional
                                                                  System at the UNSIKA Business Center Canteen

45.    September   South East Sula-wesi      Kendari City         Beauty Contest for BLU (Public Service Agency)       Conventional

46.    September      North Maluku           Ternate City         Socialization of Financial Management                Conventional

                                                                  Socialization of Transactional Ease Using Bank
47.    September         Maluku              Ambon City           Accounts and Payment Methods for Education           Conventional
                                                                  Fees

                                                                  Socialization of Fund and Financing Products
48.    September        Bengkulu            Bengkulu City         at the Women’s Correctional Facility Class II B         sharia
                                                                  Bengkulu

49.    September          Riau             Pekanbaru City         Socialization of Fund and Financing Products            sharia

50.    September          Riau             Pekanbaru City         Socialization of Fund and Financing Products            sharia

 51.   September        East Java           Surabaya City         Audience with the Surabaya District Court            Conventional

                   The Special Capi-tal   Administrative City     Kompas Gramedia Cup – Kompas Gramedia
52.    September                                                                                                       Conventional
                    Region of Jakarta     of Central Jakarta      Cup Sports Area, Palmerah Selatan




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                                                                                           Activity
       Period
No.                   Province            Regency/City
      (Month)                                                                                                            Type of
                                                                              Activity Name
                                                                                                                         Activity

                  The Special Capi-tal   Administrative City   Sharing Session with the Government
53.   September                                                                                                         Conventional
                   Region of Jakarta     of Central Jakarta    Investment Center

                  The Special Re-gion
54.   September                           Yogyakarta City      Workshop on Open Banking with UNS                        Conventional
                    of Yogyakar-ta

                  The Special Capi-tal   Administrative City
55.   September                                                Smart Investment Talk                                    Conventional
                   Region of Jakarta      of South Jakarta

56.   September     East Kalimantan       Balikpapan City      Outreach Program - BTN Greets                            Conventional

                                                               Outreach Program - Socialization of KUR with
57.   September   Central Kaliman-tan    Palangkaraya City                                                              Conventional
                                                               KADIN KALTENG

                                                               Outreach Program - Socialization of MLT
58.   September     East Kalimantan       Samarinda City                                                                Conventional
                                                               Program with BPJS TK for Mining Employees

                                                               Outreach Program - Socialization of MLT
59.   September     East Kalimantan       Balikpapan City                                                               Conventional
                                                               Program with BPJS TK for Doctors & Nurses

60.   September   South Kaliman-tan       Banjarbaru City      Outreach Program - BTN Greets                            Conventional

61.   Sept mber   South Kaliman-tan       Banjarbaru City      Socialization with APJI DPC Banjarbaru                   Conventional

62.   September    West Kalimantan         Pontianak City      BTN Greets - Socialization with MSMEs                    Conventional

63.   September   Central Kaliman-tan    Palangkaraya City     BTN Greets - Outreach Program for MSMEs                  Conventional

                                                               Socialization of MLT Program with PT Borneo
64.   September   Central Kaliman-tan    Palangkaraya City                                                              Conventional
                                                               Makmur Lestari

65.   September    West Kalimantan         Pontianak City      BTN Greets - Socialization with MSMEs                    Conventional

66.   September    West Kalimantan         Pontianak City      BTN Greets - Socialization with MSMEs                    Conventional

                                                               Socialization with HIPMI Kalsel Province -
67.   September   South Kaliman-tan       Banjarbaru City                                                               Conventional
                                                               Discus-sion on Musda Sponsors and MOU

                                                               Socialization of MLT Program and Bank Products
68.   September     East Kalimantan       Samarinda City                                                                Conventional
                                                               with Employees of PT Buran Nusa Respati

                                                               Socialization with the Employee Cooperative of
69.   September   South Kaliman-tan       Banjarbaru City                                                               Conventional
                                                               PT Adaro Indonesia in Tanjung City

                                                               Socialization with DPC Hiswana Migas
70.   September     East Kalimantan       Samarinda City                                                                Conventional
                                                               Samarinda

                                                               Socialization of MLT Program and Bank Products
71.   September     East Kalimantan       Samarinda City                                                                Conventional
                                                               with Employees of PT Multindo Prima Teknik

72.   September     East Kalimantan       Samarinda City       Outreach Program - BTN Greets                            Conventional

                                                               Socialization of MLT with BPJS Employment at PT
73.   September   South Kaliman-tan      Banjarmasin City                                                               Conventional
                                                               Indonesia Prima Equipment

                                                               Socialization of MLT with BPJS Employment at
74.   September   South Kaliman-tan      Banjarmasin City                                                               Conventional
                                                               Hotel Galaxy

75.   September   Central Kaliman-tan    Palangkaraya City     New Student Acceptance at SD Percobaan                   Conventional

76.   September   South Kaliman-tan      Banjarmasin City      PKKMB at Kalimantan Polytechnic                          Conventional

                                                               Socialization of Products and Savings to SMAN
77.   September   South Kaliman-tan      Banjarmasin City                                                               Conventional
                                                               10 Banjarmasin

                                                               Socialization of Products and Savings to SMK
78.   September   South Kaliman-tan      Banjarmasin City                                                               Conventional
                                                               ISPI Kayutangi

                                              Barito Kuala     Socialization of Products and Savings to SMPN
79.   September   South Kaliman-tan                                                                                     Conventional
                                               Regency         1 Alalak

                                                               Socialization of Products and Savings to UT
80.   September         Maluku            Kota Ambon City                                                               Conventional
                                                               Ambon Students

81.   September                    National                    Education on Fraud Methods                               Conventional

82.   September                    National                    Education on Saving and Investment                       Conventional

83.   September                    National                    BTN Marketbeat Edition September 2024                    Conventional




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                                                                                                    Activity
         Period
No.                     Province           Regency/City
        (Month)                                                                                                         Type of
                                                                                   Activity Name
                                                                                                                        Activity

                                               Banyuwangi          Socialization of KUMK & KUR to BPJS PKFI Banyu-
84.     September       East Java                                                                                      Conventional
                                                Regency            wangi Clinic

                                               Banyuwangi
85.     September       East Java                                  Socialization of KUMK & KUR to BPC Gapensi          Conventional
                                                Regency

                                               Banyuwangi          Socialization of KUMK & KUR to SRC Banyuwangi
86.     September       East Java                                                                                      Conventional
                                                Regency            Community

                                                                   Seminar HIPMI Fest Batam Vol.3 Rising Star of
87.     September    Riau Archipelago          Batam City                                                              Conventional
                                                                   Economic 2045

                                                                   Serbu Perumahan dan Warung (SARUNG) SCPU
88.     September    Riau Archipelago          Batam City                                                              Conventional
                                                                   Team

89.     September    Riau Archipelago          Batam City          SME Program: Kamis Laris                            Conventional

                                           Bandar Lampung
90.     September       Lampung                                    KUR Serbu CFD (Car Free Day)                        Conventional
                                                City

                                           Bandar Lampung
 91.    September       Lampung                                    Bigland Partner Gathering                           Conventional
                                                City

92.     September    South Sumatera        Palembang City          Pusri Investment Week                               Conventional

93.     September    South Sumatera        Palembang City          Apersi Housing Expo at Palembang Square Mall        Conventional

                                                                   Training on Marketing & Digitalization for
94.     September    Riau Archipelago       Bintan Regency                                                             Conventional
                                                                   Tourism MSMEs at Hotel Hello Bintan

                                                                   Socialization of KUR & Merchant Acquisition at
95.     September         Jambi                Jambi City                                                              Conventional
                                                                   Jambi University

                                                                   FinExpo 2024 Seminar & Talkshow - Cuan Terus
96.      October     East Kalimantan        Balikpapan City                                                            Conventional
                                                                   with Bale by BTN

97.      October     East Kalimantan        Balikpapan City        FinExpo 2024 - Open Booth by BTN                    Conventional

98.      October     East Kalimantan        Balikpapan City        Sharia Financial Fair (Syafif)                         sharia

                                                                   Socialization of Saving Culture from an Early
99.     September         Banten          Tangerang Regency        Age to Kiddy Mind Cisauk Kindergarten               Conventional
                                                                   Students and Parents

100.    September         Banten          Tangerang Regency        Saving Week at Al-Hanif Islamic Kindergarten        Conventional

                                                                   Socialization of Savings to Students & Teachers
101.    September   South Kalimantan      Tanah Laut Regency                                                           Conventional
                                                                   of SMPN 2 Pelaihari

                                                                   Socialization of Savings to Students & Teachers
102.    September   South Kalimantan      Tanah Laut Regency                                                           Conventional
                                                                   of SMPN 1 Jorong

                                                                   Socialization of Savings to Students & Teachers
103.    September   South Kalimantan       Banjarmasin City                                                            Conventional
                                                                   of SMPN 12 Banjarmasin

104.    September                   National                       Opening of BTN Syariah Savings Accounts                sharia

                                                                   Consumer Financing Distribution (Sharia
105.    September                   National                                                                              sharia
                                                                   Mortgage & Secured Financing)

                                                                   Consumer Financing Distribution (Sharia Subsi-
106.    September                   National                                                                              sharia
                                                                   dized Mortgage)

107.    September                   National                       Commercial Financing Distribution BTN Syariah          sharia

108.    September          Aceh            Banda Aceh City         Socialization of Hajj Planning                         sharia

109.    September       East Java              Malang City         Santri Services - MAN 1 Malang                         sharia

110.    September    South Sumatera        Palembang City          Introduction of Sharia Products at Property Expo       sharia

                                                                   Introduction of Sharia Products at Mangkualam
 111.   September       West Java         Karawang Regency                                                                sharia
                                                                   Asri Sakura Land Project Opening

                    The Special Capital   Administrative City      Introduction of Sharia Products at Developer
112.    September                                                                                                         sharia
                     Region of Jakarta    of Central Jakarta       Gath-ering

                                                                   Introduction of Sharia Products to ISPI Developer
113.    September       West Java              Bekasi City                                                                sharia
                                                                   Marketing




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                                                                                               Activity
        Period
No.                     Province             Regency/City
       (Month)                                                                                                               Type of
                                                                                  Activity Name
                                                                                                                             Activity

                                                                  Introduction of Sharia Products to Working Visit
114.   September        West Java                 Bekasi City     of Commission VI of the Indonesian Parliament                sharia
                                                                  (DPR RI)

                                                                  Introduction of Sharia Products to MUSDA REI
115.   September      Central Java           Semarang City                                                                     sharia
                                                                  JATENG

116.   September        West Java                 Bekasi City     Introduction of Sharia Products to Kalindo Land              sharia

                                                                  Introduction of Products to Developers in the
117.   September      Central Java               Surakarta City                                                                sharia
                                                                  Solo Area

                                            South Tangerang       Introduction of Sharia Products to PT. Bintang
118.   September         Banten                                                                                                sharia
                                                  City            Indo Lestari Developers

                                                                  Introduction of Sharia Products to PT. Artharaya
119.   September        West Java          Karawang Regency                                                                    sharia
                                                                  Agung

                                                                  Expert Lecture on Sharia Banking Department -
120.   September         Banten                   Serang City                                                                  sharia
                                                                  UIN Sultan Maulana Hasanuddin

                                                                  APERSI Goes to Campus - Muhammadiyah
121.   September        East Java                 Malang City                                                                  sharia
                                                                  Univer-sity of Malang

                   The Special Capi-tal    Administrative City
122.   September                                                  Developer Gathering - Pullman Hotel Jakarta                  sharia
                    Region of Jakarta      of Central Jakarta

                                                                  Audience with BTN Syariah x Muhammadiyah
123.   September        East Java                Surabaya City                                                                 sharia
                                                                  East Java Regional Management

                                                                  Sharing of KPR Products and Hajj Preparation
124.   September        West Java            Ciamis Regency       with PT Graha Medina Cipta at Ciamis Religious            Conventional
                                                                  Court

125.   September   South Kaliman-tan        Banjarmasin City      Outreach Program - BTN Greets MSMEs                       Conventional

126.   September   South Kaliman-tan        Banjarmasin City      Outreach Program - BTN Greets MSMEs                       Conventional

127.   September   South Kaliman-tan        Banjarmasin City      Outreach Program - BTN Greets MSMEs                       Conventional

128.   September   South Kaliman-tan        Banjarmasin City      Outreach Program - BTN Greets MSMEs                       Conventional

                                                                  Socialization of Savings for KIPK Recipients at
129.   September        Gorontalo            Gorontalo City                                                                 Conventional
                                                                  Gorontalo State University in 2024

                                                                  Financial Education Socialization for Employees
130.   September     South Sulawesi              Makassar City                                                              Conventional
                                                                  of RSIA Ananda Makassar

                                                                  Socialization of Education Fee Payment
131.   September      North Maluku                Ternate City                                                              Conventional
                                                                  Procedures at Khairun University

                                                                  Financial Literacy Socialization to the
132.   September   South East Sula-wesi           Kendari City                                                              Conventional
                                                                  Government of North Buton

                                                                  BTN Market Beat Edition October 2024 (BTN
133.    October                       National                                                                              Conventional
                                                                  YouTube)

                                                                  Education on the Risks of Using Public Wi-Fi
134.    October                       National                                                                              Conventional
                                                                  (BTN Instagram)

135.    October                       National                    Education on Fraud Methods (BTN Instagram)                Conventional

                                                                  Public Lecture on Overcoming Economic and
136.    October       Central Java           Semarang City        Digi-tal Disruptions: Strategies for Students in          Conventional
                                                                  this Era

137.    October         East Java                Surabaya City    Jatim Inclusion Festival 2024                             Conventional

138.    October      South Sulawesi              Makassar City    Financial Expo Sulselbar                                  Conventional

                                                                  Financial Education at Brebes Regional General
139.    October       Central Java           Brebes Regency                                                                 Conventional
                                                                  Hospital

140.    October           Aceh              Banda Aceh City       Videotron Boosts BTN KCS Banda Aceh                       Conventional

141.    October                       National                    Education on Online Loans (BTN Instagram)                 Conventional

142.    October        West Java             Sukabumi City        Socialization of Savings at SMKN 1 Cibadak                Conventional




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                                                     Governance




                                                                                                Activity
        Period
No.                    Province            Regency/City
       (Month)                                                                                                         Type of
                                                                                  Activity Name
                                                                                                                       Activity

143.    October        West Java            Bogor Regency         Socialization of Savings at MTS Ash Sholeh          Conventional

                                          Kota Adm. Jakarta
144.    October        DKI Jakarta                                MAG RUN 2024                                        Conventional
                                                Utara

                                                                  Socialization of KAR, KUR, Savings, and
145.    October          Banten             Kota Tangerang        E-deposito at Balaraja Regional General             Conventional
                                                                  Hospital

                                                                  Socialization of Champion Savings at Al Hikmah
146.    Oct ber          Banten             Kota Tangerang                                                            Conventional
                                                                  Foundation Students

                                                                  Socialization of Simple Savings at the School
                   The Special Capi-tal   Administrative City
147.    October                                                   Committee and Parents of SD Srengseng 5,            Conventional
                    Region of Jakarta      of West Jakarta
                                                                  West Jakarta by Puri CBD KCP

                   The Special Capi-tal   Administrative City
148.    October                                                   Saving Together at SD Srengseng 5 School            Conventional
                    Region of Jakarta      of West Jakarta

                                                                  Socialization of Champion Savings at ITS NU
149.    October       Central Java         Pekalongan City                                                            Conventional
                                                                  Pek-alongan

                                                                  Socialization of Police Pensioner Savings in Pur-
150.    October       Central Java          Kudus Regency                                                             Conventional
                                                                  wodadi

                                                                  Socialization of Financial Digitalization to NU
151.    October       Central Java          Kudus Regency                                                             Conventional
                                                                  Ad-ministrators

                                                                  Socialization of Financial Digitalization to PN
152.    October       Central Java          Kudus Regency                                                             Conventional
                                                                  Ku-dus

                                           South Tangerang        Socialization of Savings to Students at SMK
153.    October          Banten                                                                                       Conventional
                                                 City             Sasmita Jaya Banten

                                                                  Opening QRIS Accounts & Socialization of QRIS
154.    October        West Java              Depok City                                                              Conventional
                                                                  Monitoring, and Payment Gateway VA in Stages

                                                                  Socialization of Savings, QRIS, EDC, and KUR at
155.    October        DKI Jakarta        City of Jakarta Adm.                                                        Conventional
                                                                  the Mitra Gathering Event by Kompas Gramedia

                                                                  Financial Education & Savings "Juara" to
156.    October       Central Java          Magelang City                                                             Conventional
                                                                  Students of Stimik Bina Patria Magelang

                                                                  Education & Account Opening for Students in
157.    October       Central Java        Banyumas Regency                                                            Conventional
                                                                  Pur-wokerto

                   The Special Capi-tal   Administrative City
158.    October                                                   Videotron Campaign at KCS BTN Harmoni               Conventional
                    Region of Jakarta     of Central Jakarta

                   The Special Capi-tal   Administrative City
159.    October                                                   Videotron Campaign at Bintaro                       Conventional
                    Region of Jakarta      of South Jakarta

                   The Special Capi-tal   Administrative City     Manage Your Finances at Sekolah Ekumene
160.    October                                                                                                       Conventional
                    Region of Jakarta      of North Jakarta       Chris-tian High School

                   The Special Capi-tal   Administrative City     Socialization of Savings "Juara" and Olob at SMK
161.    October                                                                                                       Conventional
                    Region of Jakarta      of West Jakarta        Assa'adatul Abdiyah

                                                                  Signing of PKS (Cooperation Agreement)
162.    October          Banten           Tangerang Regency       between the Ministry of Religious Affairs and the   Conventional
                                                                  Madrasah Education Section

                   The Special Capi-tal   Administrative City     Socialization of Savings, QRIS, and KPR at the
163.    October                                                                                                       Conventional
                    Region of Jakarta     of Central Jakarta      Sales Gathering of Relife Property, Astana Group

                                                                  Financial Literacy - Ngobrol Pintar (Smart
                   The Special Capi-tal   Administrative City
164.    October                                                   Talk) on Investments by the Deposit Insurance       Conventional
                    Region of Jakarta      of South Jakarta
                                                                  Corporation (LPS)

                                                                  Socialization of Fund Products and Financing at
165.   September     North Sumatera           Medan City                                                                 sharia
                                                                  TK Khalifah Medan

                                                                  Socialization of Fund Products and Financing at
166.   September     North Sumatera           Medan City                                                                 sharia
                                                                  PTPN Regional Office 4, North Sumatra Province

                                                                  Socialization of Fund Products and Financing at
167.   September     North Sumatera           Medan City                                                                 sharia
                                                                  Bappelitbang, North Sumatra Province




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                                                                                             Activity
        Period
No.                   Province             Regency/City
       (Month)                                                                                                            Type of
                                                                               Activity Name
                                                                                                                          Activity

168.   October      North Sumatera              Medan City     Audiences with the Stabat District Court                  Conventional

169.   October        West Java            Garut Regency       Audiences with the Garut District Court                   Conventional

                  The Special Capi-tal   Administrative City
170.   October                                                 Audiences with the West Jakarta District Court            Conventional
                   Region of Jakarta      of West Jakarta

171.   October        West Java            Bogor Regency       Mini Bank at SMK Negeri 1 Bojong Gede                     Conventional

172.   October        West Java            Bogor Regency       Mini Bank at SMK Wirabuana 1 Citayam                      Conventional

                                                               Financial Education for Supporting Partners
                                    National
173.   November                                                of Credit/Financing (Notary/PPAT and KJPP                 Conventional
                                                               Partners)

                                                               GENCARKAN: Financial Planning and
174.   November     West Sumatera              Pariaman City                                                             Conventional
                                                               Management at the University of West Sumatra

                                                               GENCARKAN: Socialization on Avoiding Loan
175.   November         Jambi            Sarolangun Regency    Sharks and Illegal Online Loans, and Protecting           Conventional
                                                               Personal Data

                                                               Socialization of Fund Products and Financing at
176.   November     West Sumatera              Pariaman City                                                             Conventional
                                                               the University of West Sumatra

                                                               Socialization Related to Banking at SMKN 1 Ter-
177.   November      North Maluku              Ternate City                                                              Conventional
                                                               nate

                  The Special Re-gion                          Socialization of Children's Savings Early On to
178.   November                           Sleman Regency                                                                 Conventional
                    of Yogyakar-ta                             Stu-dents at Green School Yogyakarta Day 1

                  The Special Re-gion                          Socialization of Children's Savings Early On to
179.   November                           Sleman Regency                                                                 Conventional
                    of Yogyakar-ta                             Stu-dents at Green School Yogyakarta Day 2

                  The Special Re-gion                          Socialization of Financial Management to
180.   November                           Sleman Regency                                                                 Conventional
                    of Yogyakar-ta                             Students at UPN Veteran Yogyakarta

                  The Special Capi-tal   Administrative City   Socialization of Financial Management at the
181.   November                                                                                                          Conventional
                   Region of Jakarta     of Central Jakarta    Uni-versity of Prof. Dr. Moestopo

                                                               Socialization of Financial Management at SMP N
182.   November       West Java            Bogor Regency                                                                 Conventional
                                                               1 Gunung Putri

                                                               Socialization of Digital Payment Systems (QRIS)
183.   November       West Java                 Depok City                                                               Conventional
                                                               to CGE Traders

                                                               Socialization of Saving to Students at SDN
184.   November       West Java            Bogor Regency                                                                 Conventional
                                                               Bojong 2

                  The Special Capi-tal   Administrative City   Socialization of Financial Management to
185.   November                                                                                                          Conventional
                   Region of Jakarta     of Central Jakarta    Students at SMAN 7 Jakarta

                  The Special Capi-tal   Administrative City
186.   November                                                Saving Together at SMAN 92 Jakarta                        Conventional
                   Region of Jakarta      of North Jakarta

                  The Special Capi-tal   Administrative City
187.   November                                                Saving Together at SDN 15 Klender                         Conventional
                   Region of Jakarta       of East Jakarta

                  The Special Capi-tal   Administrative City
188.   November                                                Saving Together at SDN 15 Klender                         Conventional
                   Region of Jakarta       of East Jakarta

                                                               Financial Management Socialization for
189.   November       West Java            Bogor Regency                                                                 Conventional
                                                               Students at SMK Mulya Buana

                                                               Financial Management Socialization for
190.   November         Banten             Tangerang City                                                                Conventional
                                                               Students at SMKN 5 Tangerang City

191.   December           Bali            Badung Regency       GENCARKAN at SMK Triatma Jaya Dalung                      Conventional

192.   December   West Nusa Tenggara       Bima Regency        GENCARKAN at Universitas Nggusuwaru Bima                  Conventional

                                                               Financial Digitalization Socialization at STAI
193.   November      Central Java          Demak Regency                                                                 Conventional
                                                               Islam-ic Centre Demak

                                                               Financial Digitalization Socialization at STAI
194.   November      Central Java          Kudus Regency                                                                 Conventional
                                                               Islam-ic Centre Demak

                                                               Saving Awareness for Students at SMK Mulya
195.   December       West Java            Bogor Regency                                                                 Conventional
                                                               Bu-ana




                                                                               PT Bank Tabungan Negara (Persero) Tbk             751
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                                                   Corporate
                                                   Governance




                                                                                             Activity
        Period
No.                   Province           Regency/City
       (Month)                                                                                                      Type of
                                                                                Activity Name
                                                                                                                    Activity

                                                                Saving Awareness for Students at SMKN 5
196.   December         Banten           Tangerang City                                                            Conventional
                                                                Tange-rang City

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
197.   November                                                                                                    Conventional
                   Region of Jakarta      of East Jakarta       SMAN 167 Jakarta

                                                                Financial Literacy Socialization for Students at
                  The Special Capital   Administrative City
198.   November                                                 SMA Suluh Jakarta Pasar Minggu Open Booth          Conventional
                   Region of Jakarta     of South Jakarta
                                                                with KCP Tebet

                                                                Financial Literacy Socialization for Students at
                  The Special Capital   Administrative City
199.   November                                                 SMA Suluh Jakarta Pasar Minggu Open Booth          Conventional
                   Region of Jakarta     of South Jakarta
                                                                with UIN Syarif Hidayatullah

                                        South Tangerang         Sharia Ecofest 2024 at the Faculty of Economics
200.   November         Banten                                                                                     Conventional
                                              City              and Business, UIN Syarif Hidayatullah

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
201.   November                                                                                                    Conventional
                   Region of Jakarta    of Central Jakarta      SMK Poncol

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
202.   November                                                                                                    Conventional
                   Region of Jakarta      of East Jakarta       SDN 11 Pisangan

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
203.   November                                                                                                    Conventional
                   Region of Jakarta     of South Jakarta       SMK Kemala Bhayangkari Jakarta

                                                                Financial Literacy Socialization for Students at
204.   November       West Java          Bekasi Regency                                                            Conventional
                                                                Bright Bambini Playhouse

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
205.   November                                                                                                    Conventional
                   Region of Jakarta     of South Jakarta       SMA Sumbangsih

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
206.   November                                                                                                    Conventional
                   Region of Jakarta      of East Jakarta       Event Management, FEB UNJ

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
207.   November                                                                                                    Conventional
                   Region of Jakarta     of South Jakarta       SMK Bakti Idhata

                  The Special Capital   Administrative City     Financial Literacy Socialization for Students at
208.   November                                                                                                    Conventional
                   Region of Jakarta     of South Jakarta       SMPN 149

209.   November       West Java             Depok City          Saving Money at KB/TK Montessori Depok             Conventional

                  The Special Capital   Administrative City
210.   November                                                 Open Booth at SMPN 149 Jakarta                     Conventional
                   Region of Jakarta     of South Jakarta

                  The Special Capital   Administrative City     Financial Education and Inclusion at SMK Idata
211.   November                                                                                                    Conventional
                   Region of Jakarta     of South Jakarta       Bhakti

                                                                Saving Awareness Campaign for Students at
212.   November         Banten           Tangerang City                                                            Conventional
                                                                SMK Grafika

                                        South Tangerang         BTN Solutions Socialization with PT AVIARY JAYA
213.   November         Banten                                                                                     Conventional
                                              City              LESTARI

                  The Special Capital   Administrative City     Enhancing Financial Literacy: Understanding
214.   November                                                                                                    Conventional
                   Region of Jakarta     of North Jakarta       Mu-tual Funds and Their Importance

                  The Special Capital   Administrative City     Saving Awareness for Simple Savings,
215.   November                                                                                                    Conventional
                   Region of Jakarta     of West Jakarta        Champion, and Mobile Banking at SMK YMIK 3

                  The Special Capital   Administrative City     Summarecon EXPO Event at Gapoy Mall Kelapa
216.   November                                                                                                    Conventional
                   Region of Jakarta     of North Jakarta       Gading

                  The Special Capital   Administrative City
217.   November                                                 Fresh Market Event                                 Conventional
                   Region of Jakarta     of West Jakarta

                  The Special Capital   Administrative City
218.   November                                                 Community Event at Walet Cluster PIK               Conventional
                   Region of Jakarta     of North Jakarta

                  The Special Capital   Administrative City
219.   November                                                 BTN Smart Residence Socialization                  Conventional
                   Region of Jakarta    of Central Jakarta




752     PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                2024
                                                                                                        Annual Report




                                                                                             Activity
        Period
No.                   Province              Regency/City
       (Month)                                                                                                           Type of
                                                                               Activity Name
                                                                                                                         Activity

                  The Special Capital     Administrative City
220.   November                                                 BTN Merchant Socialization                              Conventional
                   Region of Jakarta      of Central Jakarta

                                           South Tangerang
221.   November         Banten                                  Education and Socialization at SMP 28                   Conventional
                                                 City

                                           South Tangerang      Education and Socialization at SMPN 2 Kelapa
222.   November         Banten                                                                                          Conventional
                                                 City           Dua

                                                                Socialization & Education on Savings Products
223.   November         Banten                  Serang City                                                             Conventional
                                                                for SMK PGRI 1

                                                                BTN Solutions Socialization with the Serang Dis-
224.   November         Banten                  Serang City                                                             Conventional
                                                                trict Court

                                                                GENCARKAN: TJSL, Socialization on the Dangers
225.   December    West Kalimantan         Landak Regency       of Online Gambling & Online Loans to Students           Conventional
                                                                of SMK N 1 Mandor

                                                                GENCARKAN: Socialization on Saving from an
226.   December   Central Kalimantan       Kapuas Regency                                                               Conventional
                                                                Early Age to Students at SD Katolik Santo Paulus

                                                                GENCARKAN: Bank Goes to School: Kanaan
227.   December    West Kalimantan        Kubu Raya Regency                                                             Conventional
                                                                Chris-tian School in Kubu Raya

                                                                GENCARKAN: Socialization on the Dangers of
228.   December   Central Kalimantan     South Barito Regency   Online Gambling and Online Loans to Students            Conventional
                                                                at MAN Barito Selatan

                                                                GENCARKAN: Socialization of BTN Savings SIAP! A
229.   December     South Sulawesi          Gowa Regency                                                                Conventional
                                                                Plan for the Future

                                                                GENCARKAN: Socialization on the Dangers of
230.   December        Gorontalo          Gorontalo Regency                                                             Conventional
                                                                Online Gambling to Students at SMA Wira Bhakti

                                         Pangkajene Regency     GENCARKAN: BTN Solutions Socialization at the
231.   December     South Sulawesi                                                                                      Conventional
                                           and Archipelago      Pangkajene Religious Court

                                                                Education on Digital Fraud Schemes via
232.   December                      National                                                                           Conventional
                                                                Instagram by BTN

                                                                Socialization on the Use of Virtual Accounts
                  The Special Capi-tal    Administrative City
233.   November                                                 for Online SPP Payments with the Dirgantara                sharia
                   Region of Jakarta       of North Jakarta
                                                                Founda-tion

                  The Special Capi-tal    Administrative City   Hajj Planning for Teachers, Staff, and
234.   November                                                                                                            sharia
                   Region of Jakarta       of West Jakarta      Educational Committees at Nuruzzahra

                  The Special Capi-tal    Administrative City
235.   October                                                  Audience with the West Jakarta District Court           Conventional
                   Region of Jakarta       of West Jakarta

                  The Special Capi-tal    Administrative City   Opening of Accounts at the Director General of
236.   December                                                                                                         Conventional
                   Region of Jakarta       of North Jakarta     the Judiciary

237.   December       West Java           Sukabumi Regency      Audience with the Sukabumi Religious Court              Conventional

                                                                Public Lecture at UNTAN (Tanjungpura
238.   November    West Kalimantan          Pontianak City                                                              Conventional
                                                                University)

                                                                GENCARKAN: Digital Financial Ecosystem
                                                Tulungagung     Man-agement and Socialization on Service
239.   December        East Java                                                                                        Conventional
                                                  Regency       Excellence & Personal Grooming for Students at
                                                                UIN Sayyid Ali Rahmatullah




                                                                              PT Bank Tabungan Negara (Persero) Tbk             753
Page 323
                                                    Corporate
                                                    Governance




Code of Conducts

The Code of Conduct is a manifestation of the Company’s commitment to ensure the application of high standard
GCG that refers to the best practices of credible and trusted banking institutions. Credibility and trust from the public,
shareholders and customers are determining factors for the development and continuity of the Company’s business.
The Company’s business activities must comply with applicable laws and regulations and uphold norms and ethics.
Awareness of good ethics implementation will enhance and strengthen the positive image of the Company and make
it recognized as a Good Corporate Citizen. Therefore, the Company always upholds its integrity by preserving and
applying the Code of Conduct as the basis of the attitudes and actions of all Company personnel to work professionally
and ethically by using basic principles that refer to the vision, mission, and values as well as applicable internal and
external regulations.


Vision, Mission and Corporate Culture Values as The Foundation of The Code of Conduct

The Company has formulated several policies that serve as ethical and behavioral guidelines for each element of the
Company in performing business activities. The Company strives to apply ethical and behavioral standards in all of
its business activities in accordance with its vision, mission, and cultural values through the enforcement of the Code
of Conduct.



         Vision and Mission                                                                Business Ethics Standards
                                                 Code of Conduct Perseroan
           Cultural Values                                                                   Standards of Conduct




                       VISION


       “To be The Best Mortgage Bank in Southeast
       Asia by 2025 ”


                        MISSION

                  To actively support the government in                      To increase shareholder value by
             1                                                         4
                  advancing the wellbeing of Indonesians                     focusing on sustainable profitability
                  through home ownership.                                    growth as a blue chip company with solid
                                                                             risk management principles.

                  To realize the life dreamed by millions of
            2
                  Indonesians through the provision of a
                                                                             To become the financial partner
                  decent home.                                         5
                                                                             to stakeholder within the housing
                                                                             ecosystem by providing end-to-end
                  To become the one of home of Indonesia’s                   solutions and excellent service through
            3                                                                digital innovation
                  best talent.




754      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                         2024
                                                                                                 Annual Report




Corporate Culture Values
Corporate culture values are reflected in the AKHLAK culture as the Company’s core values and consist of 18 core
behavioral guidelines as follows:


                              Culture Value                                        Main Conduct AKHLAK


                                          Hold fast to the          • Fulfill promises and commitments;
                      Trust               trust given               • Take responsibility for the decisions, tasks
                                                                      and actions
                                                                    • taken;
                                                                    • Adhere to moral and ethical values.



                                          Continue to learn to      • Increase self-competence to respond to ever-
                  Competent               develop capabilities        changing
                                                                    • challenges;
                                                                    • Help others learn;
                                                                    • Completing tasks of the highest quality



                                          Caring for each           • Respect everyone regardless of background;
                 Harmonious               other and respecting      • Likes to help others;
                                          differences               • Building a conducive work environment.



                                          Dedicated and             • Maintaining the good name of fellow employees,
                      Loyal               prioritizing the            leaders,
                                          interests of the nation   • BUMN and the State;
                                          and state                 • Willing to make sacrifices to achieve a greater
                                                                      goal;
                                                                    • Obey the Leaders as long as it does not conflict
                                                                      with law
                                                                    • and ethics.



                                          Continue to innovate      • Quickly adjust to become better;
                    Adaptive              and be enthusiastic       • Continuously making improvements following
                                          in moving or facing         technological
                                          change                    • developments;
                                                                    • Act proactively




                                          Build synergies           • Providing opportunities for various parties to
                 Collaborative                                        contribute;
                                                                    • Open in working together to produce added
                                                                      value;
                                                                    • Mobilizing the use of various resources for
                                                                      common goals.




Contents of The Code of Conduct

The Code of Conduct contains ethical and behavioral standards for the Company as a business entity and all its
elements in interacting with various internal and external interested parties. The application of the Code of Conduct
aims to realize ideal behaviors that develop into a work culture based on the noble values believed by the Company.
The Code of Conduct is summarized into 4 chapters which are briefly described as follows:




                                                                       PT Bank Tabungan Negara (Persero) Tbk           755
Page 325
                                                     Corporate
                                                     Governance




                       This Code of Conduct is the codification or a compilation of policies, employee regulations, and
                       agreements that have been jointly established between the Company and employees who will influence,
                       shape, and set forth the standards of behavior, both for Management and employees in performing all
                       business activities.

                       The implementation of the Code of Conduct, either Compliance or Non-Compliance, becomes one of the
01. Introduction       aspects assessed in the employee’s performance appraisal. Therefore, the Code of Conduct will always
                       be used as a guideline in the formulation of policies, manuals/procedures and management practices in
                       the Company. The consistent application of the Code of Conduct will demonstrate the Company’s efforts
                       in upholding noble business values and ethics in conducting business, while simultaneously reinforcing
                       the principles of Good Corporate Governance.


                       1.   Ethics within The Employees
                            a. Equal Treatment of Employees
                            b. Employee Duties and Activities Beyond Banking Operations
                            c. Restriction on Employees’ Participation in Bank’s Securities Transactions
                            d. Employees’ Compliance
                            e. Working Environment
                            f. Employees’ Feedback Channel


02. Business Ethics    2.   Bank Ethics with Customers
Standards                   The Company is committed to maintaining customer satisfaction and trustby offering high-quality
                            products and services, providing excellent service, conducting honest and fair promotions, and
                            safeguarding customers’ personal data

                       3.   Banking Ethics with Goods and Services Providers
                            In the procurement of goods and/or services, the Company must adhere to the principles of efficiency,
                            effectiveness, competition, transparency, fairness, and accountability. Additionally, the expected
                            ethical conduct includes responsibility, professionalism, maintaining confidentiality, avoiding conflicts
                            of interest, and preventing waste and abuse of authority. The selection of providers must follow a fair
                            and open process, and neither accepting nor offering gifts related to procurement is permitted

                       4.   Bank Ethics with The Competitor
                            The Company uses competition as motivation to continuously improve performance. To this end,
                            the bank takes several measures, such as complying with anti-monopoly laws, conducting market
                            research, avoiding the abuse of dominant positions, and competing fairly by prioritizing high-quality
                            products and services.

                       5.   Bank Ethics with Partner
                            The Company highly appreciates respect and trust in order to maintain relationship with partners
                            and committed to collaborate, obey the rules, achieve a maximum result, communicate intensively,
                            and provide fair opportunities without any discrimination Bank Ethics with Government and Bank
                            Regulator

                       6.   Bank Ethics with Government and Bank Regulator
                            Perseroan berkomitmen mematuhi peraturan perundang-undangan yang berlaku.The Company
                            committed to comply with existing laws and regulations.

                       7.   Bank Ethics with Society
                            The Company is committed to making a positive contribution to sustainable economic development,
                            with a focus on social responsibility and balancing economic, social, and environmental aspects.

                       8.   Bank Ethics with Media
                            The Company utilizes the mass media as a strategic partner in promoting and building a favorable
                            corporate image.

                       9.   Bank Ethics and Professional Associations
                            The Company fosters a collaborative relationship with professional organizations and regulatory
                            bodies to share information, experiences, and discuss business developments, as well as to seek
                            optimal solutions to common challenges.

                       1.   Employees should consistently avoid any condition, situation or appearance of a conflict of interest or
                            misuse of office.
                            All members of the Board of Commissioners and Directors, as well as Bank employees.
03. Behavioural        2.   are prohibited from giving or receiving anything for personal benefit, directly or indirectly, from
Standard Policy             business partners that may influence decisions.
                       3.   The Company is committed to healthy and ethical business competition, providing equal opportunities
                            and promoting sustainable business practices, in accordance with relevant laws and regulations.
                       4.   The Bank’s organizational units and employees must comply with all applicable laws and regulations

                       1.   Every Bank employee must report any fact of deviation from the Corporate Code of Conduct to the
                            Human Capital Management & Culture Specialist Division and the reporter’s identity is protected.
04. Implementation     2.   The Human Capital Management & Culture Specialist Division follows up on each report and submits
                            the results of its study to the Board of Directors and/or Commissioners in accordance with the scope
and Enforcement             of their responsibilities.
                       3.   Ultimately, the Board of Directors and Commissioners decide on the provision of coaching actions,
                            disciplinary sanctions and/or corrective and preventive actions that must be implemented by direct
                            superiors in their respective environments.




756     PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                       2024
                                                                                               Annual Report




Compliance With the Code of Ethics                           Board of Commissioners and Directors is based on the
                                                             Company’s Articles of Association and GMS resolutions.
The Code of Conduct applies to the Board of                  While the imposition of sanctions for employees is
Commissioners, the Board of Directors, and Employees         carried out in accordance with applicable employment
in carrying out all business activities of the Company       regulations. The Company’s efforts to implement and
and in interactions between the Commissioners,               enforce the Code of Conduct in 2023 include:
Directors, and Employees with all stakeholders. The          1. Completion and signing of the Integrity Pact by all
formal declaration of the Code of Conduct’s applicability        employees in accordance with the Code of Conduct
across all organizational levels is stipulated through the       values.
Joint Decree of the Board of Commissioners Number            2. Internalization of the Code of Conduct, Gratification
01/SKPB/KOM/BTN/2024 and the Board of Directors                  Control and Anti-Bribery Management System
Number SKPB-01/DIR/BTN/2024 concerning the Business              (SMAP) to all Employees through Digital Room for
Ethics and Conduct Guidelines (Code of Conduct) of PT            E-learning Modules (DREAM).
Bank Tabungan Negara (Persero) Tbk. The Company              3. Cooperating with the KPK through the Professional
mandates the signing of a corporate statement of                 with Integrity (PROFIT) program which includes
commitment to the Code of Conduct, known as the                  competent HR to build integrity in preventing
Integrity Pact, which must be duly implemented. The              corruption within the Company through participation
successful enforcement of the Code of Conduct is                 in training as an Integrity Building Expert (API) and in
the responsibility of all leaders within their respective        collaboration campaign with the KPK on preventing
work units. Therefore, all unit leaders are required to          corruption through various communication media
provide a clear understanding of the Code of Conduct’s           channels.
implementation to employees within their respective          4. Implementing the Gratification Control Program
work environments..                                              in accordance with the established Work Plan and
                                                                 reporting its results to the KPK on a quarterly basis.
Socialization of the Code of Conduct and                     5. Managing gratification reports from all work units
the Enforcement Efforts                                          and reporting them to the KPK in accordance with
                                                                 the provisions.
Socialization of the Code of Conduct                         6. Implementing a compliance program for fair
                                                                 business competition.
The Code of Conduct is disseminated to all employees         7. Implementing         ISO      37001:2016     Anti-Bribery
of the Company through the Digital Room for E-learning           Management System (SMAP) as a manifestation of
Modules (DREAM) media and a Code of Conduct quiz is              Business Ethics and Behavior listed in the Code of
provided to determine employee understanding of the              Conduct.
Code of Conduct. Commitment to the Code of Conduct           8. Implementing the Whistleblowing System (WBS)
implementation is also stated in the Integrity Pact which        program.
must be signed by all Directors, Commissioners and           9. Punishment for employees who violate business
Employees of the Company. In addition, the Code of               ethics.
Conduct can also be accessed by all of the Company’s         10. Other Code of Conduct Implementation and
Stakeholders through the Company’s website.                      Enforcement Efforts
                                                             .
Efforts To Implement and Enforce The Code of                 To ensure compliance with the Code of Ethics during the
Conduct                                                      2024 period, any suspected or actual violations of the
                                                             Code of Ethics have been audited or investigated by the
The Company provides strict and consistent sanctions         Internal Audit Unit..
against violations of the Code of Conduct. The
imposition of sanctions for violations committed by the




                                                                        PT Bank Tabungan Negara (Persero) Tbk      757
Page 327
                                                         Corporate
                                                         Governance




Type of Sanctions of Code of Conducts

The Company classifies sanctions for each violation of the Code of Conduct in two types, namely:
1. Administrative sanctions



                                                                                                                  Construction
Sanction Category Types of Sanctions                                  Types of Sanctions
                                                                                                                    Period

                           Light Letter A          Verbal warning

 Light Sanctions           Light Letter B          Written warning                                          3 (three) months

                           Light Letter C          Statement of dissatisfaction

                           Medium Letter A         Don't get vacation pay

                           Medium Letter B         Do not get regular salary adjustments
 Medium Penalty                                                                                             1 (one) year
                                                   Person Grade reduction by 1 (one) grade (basic salary
                           Medium Letter C
                                                   adjusted)

                                                   Decreased person grade by a minimum of 2 (two) grades
                           Letter A Weight
                                                   (basic salary adjusted)

 Heavy Sanctions           Letter B Weight         Termination of employment (PHK)                          2 (two) years

                                                   Termination of employment and reporting to the
                           Letter C Weight
                                                   authorities.



2. Financial Sanctions
   Financial sanctions mean compensating for all financial losses that arise as a result of a disciplinary violation.


Number of Violations and Sanctions Given


                                                             Number of Sanctions Per Year
                                                                                                                       Total
        Sanction           Types of
No.                                                                                                                   anctions
        Category          Sanctions                 Tahun      Tahun        Tahun      Tahun    Tahun      Tahun       Given
                                                     2019       2020         2021       2022     2023       2024

                         Light Letter A      22         23           27       14           9         11      4               61
       Light
  1.                     Light Letter B       31        15           19       28            5       15       15             67
       Sanctions
                         Light Letter C      24        25            47       35           6         11      0              99

                         Medium
                                             18        69            62       54           8        15       8              139
                         Letter A

       Medium            Medium
 2.                                           13       53            32           21       10        12     20               75
       Penalty           Letter B

                         Medium
                                              9        45            31       16           11       10       0              68
                         Letter C

                         Letter A
                                              2          5           10           5         3         1      3               19
                         Weight

       Heavy             Letter B
 3.                                          22        40            24       19           44       43      27              130
       Sanctions         Weight

                         Letter C
                                              0          0            6           3         3         1      4               13
                         Weight

                 TOTAL                       141      275        258         195           99       119      81             752




758       PT Bank Tabungan Negara (Persero) Tbk
Page 328
                                                                                                       2024
                                                                                               Annual Report




Policy of Long-Term Performance-                              •   LTI Vesting 2 in 2021 was granted at a maximum of 25%
based Compensation to Management                                  of the total share purchase budget over three years,
                                                                  with 15,936,000 shares purchased at an average
The     policy    on    performance-based      long-term          price of Rp. 1,566.62 per share and distributed to 599
compensation for Management is regulated in Special               LTI recipient employees. The shares are locked up
Policy KK 3.B dated October 31, 2023, concerning                  until 2025.
Remuneration. The implementation of performance-              •   LTI Vesting 3 in 2022 was granted at a maximum
based long-term compensation includes:                            of 25% of the total share purchase budget over
1. Long Term Incentive (LTI)                                      three years, with 18,957,000 shares purchased at
    Loa. Long-Term Incentives (LTI) are a compensation            an average price of Rp. 1,728.50 per share and
    component linked to the achievement of long-term              distributed to 690 LTI recipient employees. The
    performance. This reward component is variable,               shares are locked up until 2026
    as its implementation considers the realization of        .
    performance achievements. The objectives of LTI           2. Long-Term Bonus
    include:                                                     The Long-Term Bonus is granted to employees at the
    b. To ensure that the Bank has policy guidelines and         managerial level or those holding strategic positions
        procedures for granting LTI to Employees.                within Person Grade 4A to 5B, with a lock-up period
    c. To provide policy guidelines for Long-Term                of up to three (3) years until 2026. The budget
        Incentives (LTI) for Employees.                          allocated for the Long-Term Bonus program is Rp 100
    d. To enhance the bank’s long-term performance               billion, distributed to 239 employees in the form of
        through accelerated work execution and the               the Company’s shares.
        realization of the company’s strategic initiatives.   3. Head Stock Incentive for Sub Branch Heads
    e. To provide appreciation to PKWTT Employees                The Stock Incentive Rewards are granted to Sub
        who have contributed to the achievement of the           Branch Heads (SBH) who fall under the “Productive”
        Bank’s performance.                                      and “Highly Productive” categories, based on the
    f. To serve as part of the employee retention policy.        criteria and parameters set by the Company. In
    The Long-Term Incentive (LTI) program has been               2024, stock rewards were given to 32 SBHs, with a
    in place since 2020 and is granted in three vesting          total value of Rp 575,383,787, converted into 428,600
    periods: vesting 1 in 2020, vesting 2 in 2021, and           shares. The lock-up period is set for one (1) year.
    vesting 3 in 2022. Each vesting is subject to a share
    lock-up period of three years, extending until 2026.      In the administration and management of shares,
                                                              including share purchases and distribution processes,
    LTI is granted to employees in key positions or roles     the Company collaborates with two securities firms,
    that have a strategic function in aligning corporate      Bahana Sekuritas and Mandiri Sekuritas.
    objectives while also supervising and controlling
    performance achievement in their respective               Description of compensation in the form of shares is
    Divisions/Regional Offices/Branch Offices. These          presented in the Sub-Chapter on Governance in the
    positions include structural roles such as Division       Provision of Remuneration. In addition, in accordance
    Head, Regional Office Head, Branch Head, Sharia           with POJK Number 45 / POJK.03 / 2015 concerning the
    Branch Head, Deputy/Vice Division Head, Deputy            Implementation of Governance in the Provision of
    Regional Manager Business, Deputy Regional                Remuneration for Commercial Banks. The Company also
    Manager Support, Department Head, Deputy Branch           has a variable remuneration scheme that is deferred
    Manager, Deputy Service Manager, Commercial               (Malus) or withdraws variable remuneration that has
    Banking Center (CBC) Head, CBC Manager,                   been paid (Clawback) to officials who are classified
    Commercial Risk Head, Commercial Risk Manager,            as Material Risk Takers (MRT). This has been presented
    Regional Loan Processing Center (RLPC) Head, as           in the Sub-Chapter on Governance in the Provision of
    well as equivalent L1 and L2 positions as determined      Remuneration.
    by the Board of Directors.
•   LTI Vesting 1 in 2020 was granted at a maximum of
    50% of the total share purchase budget over three
    years, with 58,983,900 shares purchased at an
    average price of Rp. 958.55 per share and distributed
    to 549 LTI recipient employees. The shares are locked
    up until 2024.




                                                                         PT Bank Tabungan Negara (Persero) Tbk    759
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                                                   Governance




Whistleblowing System                                           Company invites all employees and other stakeholders
                                                                to participate in supervising the Company’s activities by
The Bank’s Whistleblowing System (WBS) Policy                   building supporting infrastructure in implementing the
is guided by Minister of State-Owned Enterprises                WBS policy where the reporter can submit their report
Regulation No. PER-2/MBU/03/2023, on Guidelines                 through the following media:
for Governance and Significant Corporate Activities             1. PO Box 2828 JKP 10028
of State-Owned Enterprises, and Financial Services              2. Website: https://idn.deloitte-halo.com/btnsiips/
Authority Regulation (POJK) No. 12 of 2024, dated July          3. Email: btnsiips@tipoffs.info;
23, 2024, on Implementation of Anti-Fraud Strategies            4. SMS: +62 813 8870 1117
for Financial Institutions.. The Company’s WBS is part of       5. Whatsapp: +62 813 8870 1117
the internal control system in preventing the occurrence        6. Telepon: +62 21-50928882
of irregularities and purposes to detect early and              7. Faximili: +62 21-50928883
prevent the occurrence of irregularities or violations
and gradually create an open, sincere, honest and               Whistleblower Protection
responsible work climate in the Company.
                                                                The Company is committed to protect to every
Submission Mechanism of Violation Reports                       whistleblower. Protection to the Whistleblower is provided
and WBS Channel                                                 to support the courage of the Whistleblower in reporting
                                                                alleged violations and/or if there is retaliation from the
1.   In case the Reported Party is the Company’s                Reported Person. For whistleblowers who submit WBS
     employee up to 2 (two) levels below the Board of           reports that are recognized for their accuracy and good
     Directors and is not a member of the Company’s             faith, the Company can provide protection guarantees
     WBS Team, the Independent WBS Manager will                 as follows :
     submit a report to the Company’s WBS Team.                 1. Provision of free and confidential WBS Reporting
2.   In case the reported party is a Bank employee 1 (one)          Media. The reporter will get information on the status
     level below the Directors and is not part of the WBS           of the WBS report submitted by the Independent WBS
     Team, the Independent WBS Manager will submit a                Manager through the designated media.
     report to the President Director.                          2. Guarantee of confidentiality of the Whistleblower’s
3.   If the reported party is the WBS Team, then the                identity, except if there is a lawsuit that requires this
     Independent WBS Manager will submit a report to                identity to be disclosed before a judge.
     the Main Director.                                         3. Protection from countermeasures from the Reported
4.   If the reported party is the Board of Directors, the           Person. This protection may include:
     Independent WBS Manager will submit a report to                a. Physical and/or psychological protection of both
     the Board of Commissioners and WBS Manager of                       oneself and one’s family.
     the Ministry of State-Owned Enterprises (BUMN).                b. Protection of their property and family property
5.   In case the reported party is a commissioner and/or                 against terror or retaliation that must be
     committee under the Board of Commissioners, the                     experienced.
     Independent WBS Manager will submit a report to                c. Administrative protection in the form of
     the Commissioners and Committee Members under                       postponement of promotion, dismissal, exclusion
     the Board of Commissioners who are not related to                   from the workplace, inappropriate transfers,
     the complaint and the WBS Manager of the Ministry                   including job security, etc.
     of State-Owned Enterprises (BUMN) (specifically                d. Legal protection, in terms of litigation process
     when the reported party is the Commissioner).                       based on the applicable provisions.
6.   In case the reported party is a joint Commissioner,
     the Independent WBS Manager will submit a report           The Handling of Complaints
     to the WBS Manager of the Ministry of State-Owned
     Enterprises (BUMN).                                        The Company has collaborated with Corruption
7.   In case the reported party is the Directors and/           Eradication Commission (KPK) of the Republic of
     or Commissioners of a Subsidiary Company, the              Indonesia regarding WBS handling in an effort to
     Independent WBS Manager will submit a report to            eradicate corruption. The collaboration purposes to
     the President Director of the Bank.                        build and improve the effectiveness and efficiency
                                                                of handling complaints both internally and externally
In improving the Company’s values ​​      into business         that are integrated in a professional, transparent,
behavior and ethics in accordance with the principles           accountable manner by prioritizing confidentiality in the
of GCG, the Company collaborates with an independent            context of optimizing the eradication of corruption. .
party, namely PT Deloitte Advis Indonesia (Deloitte). The




760       PT Bank Tabungan Negara (Persero) Tbk
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Every coming reports will be followed-up by WBS Team with the following mechanism:
1. If the Reported person is a Bank employee (up to 2 levels below the Board of Directors and not the WBS Team)



       Reporter     Independent WBS Manager                   WBS Team                        Special Audit Team        Related Work Units




         Start
                                                                                                      No                7b. WBS report out
                                                                                                                        of scope




                         2. Input WBS
    1. WBS report                               4. Analysis
                         Application

                                                                WBS report
                                                                in scope/out                   7a. WBS reportin
                                                                of scope                       scope


                     3. Classify
                     WBS report
                                                5. Sufficient
                                                                   Yes                  Yes
                                                Information
                               WBS report
                               in scope/out
                               of scope


    12a Provide                                                 6. Eligible Special            8a. Follow-up            8b. Follow-up
    Feedback                                                    Audit




                                                                9. Memo/other
    Additional       11. Ask the reporter to                    documents
    information      complete the information    No             following up the
                                                                WBS report




                                                                10. Closing Status
    12b. Not         13. Informing reporting                    Report
    Providing        does not provide
    Feedback         feedback
                                                Finish




                                                                                      PT Bank Tabungan Negara (Persero) Tbk             761
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                                                     Corporate
                                                     Governance




2. the Reported Person is a Bank employee (1 level below the Board of Directors) and not the WBS Team



         Reporter      Independent WBS Manager               President Director                  Special Audit Team   Related Work Units




                                                                                                                      7b. WBS report
           Start                                                                                          No          out of scope




                            2. Input WBS
       1. WBS report                                   4. Analysis
                            Application

                                                                      WBS report                 7a. WBS report in
                                                                      in scope/out               scope
                                                                      of scope



                        3. Classify WBS
                        Reports
                                                      5. Sufficient
                                                                          Yes              Yes
                                                      Information
                                  WBS report
                                  in scope/out of
                                  scope


                                                                                                 8a. Follow-
    13a. Provide                                                                                                         8b. Follow-up
                                                                 6. Eligible Special             up
    Feedback                                                     Audit




                                                                      9. Memo/other
                        12. Ask the reporter
      Additional                                                      documents
                        to complete the
      information                                       No            following up the
                        information
                                                                      WBS report




                                                      15. Receiving
    13b. Not            14. Informing reporting       information
    Providing           does not                      without feedback
    Feedback            provide feedback




                                                                      10. Directions for
                                       11. Closing
                                                                      closing the Status
                         Finish        Status
                                                                      Report
                                       Report




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3. If the Reported Person is the WBS Team


      Reporter      Independent WBS Manager                 President Director                      Tim Auditor Eksternal            Related Work Units




                                                                                                                                      7b. WBS report
        Start
                                                                                                           No                         out of scope




                    2. Input WBS
    1. WBS report                                      4. Analysis
                    Application


                                                                WBS report
                                                                                                     7a. WBS report in
                                                                in scope/out of
                                                                                                     scope
                                                                scope


                    3. Classify WBS
                    Reports


                                   WBS report
                                                    5. Sufficient
                                   in scope/out
                                                    Information
                                   of scope
                                                                          Yes             Yes




                                                       No
    13a. Provide                                                    6. Eligible Special
     Feedback                                                       Audit                            8a. Follow-up                    8b. Follow-up




                                                                    9. Memo/other
                    12. Ask the reporter
    Additional                                                      documents
                    to complete the
    information                                                     following up the
                    information
                                                                    WBS report




   13b. Not         14. Informing                   15. Receiving
   Providing        reporting does not              information
   Feedback         provide feedback                without feedback




                                      11. Closing                   10. Directions for
                     Finish           Status                        closing the Status
                                      Report                        Report




                                                                                                PT Bank Tabungan Negara (Persero) Tbk             763
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                                                           Corporate
                                                           Governance




4. If the Reported Person is a DirectorIf the Reported Person is a Director


                     Independent WBS                                Auditor Team       WBS Manager         President      Related Work
     Reporter                                Dewan Komisaris
                         Manager                                      External        Ministry of BUMN      Director          Units




       Start
                                                                                                         13. WBS          15. WBS
                                                                                                         report out of    report out of
                                                                                                         scope            scope




                    2. Input WBS
   1. WBS report                           5. Analysis
                    Application

                                                       WBS
                                                                                                         14. Directions
                                                       report
                                                                    8. WBS report   4. WBS report in     for follow-up
                                                       in scope/
                                                                    in scope        scope                to the WBS
                                                       out of
                                                                                                         report
                                                       scope


                   3.Classifying WBS
                   Reports

                                           6. Sufficient
                                                           Yes                No
                                           Information
                        WBS report
                        in scope/out                                                                                      16. Follow Up
                        of scope



   19a. Provide                                   7. Eligible
    Feedback                                                        9. Follow Up          Finished
                                                  Special Audit



                    18. Ask the reporter   No              Yes
                    to complete the
                    information
    Additional
                                                  10. Memo/other
    information                                                                                          17. WBS report
                                                  documents
                                                                                                         follow-up
                                                  following up
                                                                                                         document
                                                  the WBS report




                    20. Informing
   19b. Not         reporting does not
   Providing        provide feedback       21. Receiving
   Feedback                                information
                                           without feedback




                             12. Closing   11. Directions for
                             Status        closing the Status
                             Report        Report




                    Finish




764        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                  Annual Report




5. If the Reported Person is a Commissioner and/or Committee below the Board of Commissioners



                                             Commissioners who
                                                                        SKAI Special
                                             are not related to the
                    Independent WBS                                     Audit Team/         WBS Manager           President       Related Work
    Reporter                                complaint and are not
                        Manager                                       External Auditor     Ministry of BUMN        Director           Units
                                           members of the relevant
                                                                           Team
                                                  committee




       Start
                                                                                                                13. WBS           15. WBS
                                                                                                                report out of     report out of
                                                                                                                scope             scope




                    2. Input WBS
   1. WBS report                             5. Analysis
                    Application

                                                         WBS
                                                         report                                                 14. Directions
                                                         in scope/     8. WBS report     4. WBS report in
                                                                                                                for follow-up
                                                         out of        in scope          scope related to the
                                                                                                                to the WBS
                                                         scope                           Board of Directors
                                                                                                                report

                   3. Classify WBS
                   Reports

                                             6. Sufficient
                                             Information     Yes                 No

                        WBS report                                                                                                16. Follow Up
                        in scope/out
                        of scope

   19a. Provide                                     7. Eligible
    Feedback                                                           9. Follow Up             Finish
                                                    Special Audit



                    18. Ask the reporter     No              Yes
                    to complete the
                    information
   Additional                                       10. Memo/other                                              17. WBS
   information                                      documents                                                   report
                                                    following up                                                follow-up
                                                    the WBS report                                              document




  19b. Not          20. Informing
  Providing         reporting does not       21. Receiving
  Feedback          provide feedback         information
                                             without feedback




                            12. Closing      11. Directions for
                            Status           closing the Status
                            Report           Report



                            Finish




                                                                                         PT Bank Tabungan Negara (Persero) Tbk            765
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                                                      Corporate
                                                      Governance




6. If the Reported Person is a Joint Commissioner



       Reporter                      Independent WBS Manager                                Ministry of BUMN




          Start




                                                                                         4. Receive WBS results
      1. WBS report              2. Input WBS Application




                                                                                  5. WBS in scope/out of scope report
                                  3. Classify WBS Reports




                                                    WBS report
                                                    in scope/out of scope



                                                                            6. Follow up to determine steps for handling WBS
                                                                                  reports according to the authority held




                                         8.Closing Status Laporan                   7. WBS Report Closing Directions




                                                   Finish




766      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                     Annual Report




7.   If the Reported Person is a Board of Directors and/or Commissioner of a Subsidiary



                                                                                                   Special Audit Team /      President Director of
       Reporter      Independent WBS Manager           President Director of the Bank
                                                                                             Subsidiary Company Audit Team   Subsidiary Company




                                                                                                                                7b. WBS report
         Start
                                                                                                                                out of scope
                                                                                                          No




                       2. Input WBS
     1. WBS report                                     4. Analysis
                       Application


                                                                       WBS report                    7a. WBS
                                                                       in scope/out                  report in
                                                                       of scope                      scope


                      3. Classify WBS
                      Reports

                                                       5. Sufficient
                                                       Information         Yes               Yes


                                        WBS report
                                        in scope/out
                                        of scope



                                                                       6. Eligible Special           8a. Follow-                8b. Follow-up
     13a. Provide
                                                                       Audit                         up
      Feedback




                                                                       9. Memo/other
                       12. Ask the reporter
      Additional                                                       documents
                       to complete the                 No
      information                                                      following up the
                       information
                                                                       WBS report




                                                       15. Receiving
     13b. Not          14. Informing                   information
     Providing         reporting does not              without feedback
     Feedback          provide feedback




                                                                       10. Directions for
                                        11. Closing
                                                                       closing the Status
                       Finish           Status
                                                                       Report
                                        Report




                                                                                             PT Bank Tabungan Negara (Persero) Tbk          767
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                                                              Corporate
                                                              Governance




Types of Violations That May be Reported                                   (WBS) within the Company. Additionally, in managing
                                                                           complaints received through the WBS channels, the
The violation in question is an act that is against the law,               Company is assisted by an independent third party,
unethical/ immoral acts or other actions that can harm                     PT Deloitte Advis Indonesia.
the organization or stakeholders. Several examples
of violations and/or irregular practices that may be                       Whistleblowing System Socialization
reported based on the WBS policy include the following:
1. Behavior - Lifestyle                                                    The Bank internalized the WBS by distributing guidelines
2. Information Leakage                                                     for the Implementation of the Whistleblowing System
3. Complaints about Banking Service Products                               (WBS) Policy which was stipulated based on a Directors’
4. Fraud                                                                   Circular Letter as well as direct sharing session
5. Conflict of Interest                                                    presentations to all leaders and employees of the Bank.
6. Abuse of Authority                                                      In addition, to reach all of the Bank’s stakeholders, the
7. Bribery/Bribery                                                         Whistleblowing System socialization was also carried
8. Gratuity                                                                out through the Bank’s website and various media,
9. Blackmail                                                               such as internal newsletters, posters, standing banners,
10. Theft/Embezzlement                                                     customer gatherings, live presentations of ethical
11. Miscellaneous Violations of Law                                        guidelines, and WBS policies.


Violation Report Management                                                Total Complaints and Complaints
                                                                           Processes
The WBS Management Structure consists of the Person
in Charge of implementation and the WBS Team. The                          In 2024, a total of 162 complaints were received,
Person in Charge of implementation is the President                        consisting of 67 complaints submitted via SMS/
Director while the WBS Team consists of:                                   Telephone/WhatsApp and 95 complaints received
1. Head of Internal Audit Work Unit                                        through Email/Website/P.O. Box. Based on the
2. Deputy Head of Internal Audit Work Unit                                 complaints received: 112 complaints were unproven,
3. WBS management Unit led by a Head of Department                         8 complaints are still in the process of information
    in the Internal Audit Work Unit                                        gathering/follow-up, and 42 complaints have been
                                                                           processed and/or resulted in sanctions. A detailed
The WBS Management Unit operates under the                                 breakdown of the number of complaints forwarded for
Internal Audit Division and is responsible for handling                    audit in recent years is as follows:
all processes related to the Whistleblowing System




Table of WBS Complaints Forwarded to the Audit Process

                         Submission Method                                              Tindak Lanjut

                                                                      Report still in
                                                                                         The report has been Report forwarded
                                                                       the process
                                                           Report                          processed and/or   to Investigators
 Years                         SMS/                                  (Audit Process/
            Letter/                              Email/    closed                        has been completed      (related to
                             Telepon/                                   Reporting
            PO BOX                               Website     (not                           given sanctions       criminal
                               /WA                                       Process/
                                                           proven)                       (including sanctions acts general or
                                                                      Cross Division
                                                                                            administrative)     Corruption)
                                                                         Process)
                PO BOX           SMS/ Telepon/




  2020         3                 2                  9         0              4                    10                     0

   2021        0                 2                  3         0              0                    5                      0

  2022         0                 1                  1         0              2                    0                      0

  2023         0                 1                  4         0              0                    5                      0

  2024         0                 0                  3         0              1                     2                     0




768       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                               Annual Report




Anti-Corruption Program                                      the ISO 37001:2016 Anti-Bribery Management System
                                                             (SMAP) Certification in SOEs. Additionally, the Company
Company is committed to eradicating corruption by            has established internal policies related to anti-bribery
encouraging the effectiveness of gratituity control          management, including: Special Policy No. KK. 6-E on
policies implementation, the Whistleblowing System,          the Guidelines for the Anti-Bribery Management System,
Management of the Report Assets of the State                 dated January 1, 2023. Technical Guidelines No. PT. 6-E.1
Administrator (LHKPN), as well as the Anti-Money             on the Procedures for Implementing the Anti-Bribery
Laundering Program (AML) and Counter-Terrorism               Management System, dated January 1, 2023.
Financing Program (CFT). Additionally, the Company
supports the Anti-Corruption Program through various         To maintain the ISO 37001:2016 Anti-Bribery Management
initiatives, including: Surveillance Certification and       System (SMAP) certification, a Surveillance Audit was
Extended Scope of ISO 37001:2016 for the Anti-Bribery        conducted from October 7 to October 11, 2024 covering
Management System (SMAP), Compliance Assessment              the following areas : Procurement and Fixed Asset
on the implementation of ISO parameters, Participation       Management Division (PFAD), Commercial Banking
in the Certification of Integrity Builders Experts (API)     Division (CMBD) Corporate Banking Division (CBD), SME
and Anti-Corruption Educators Certification (PAKSI), API     Restructuring at: West Java Regional Office (Kanwil Jawa
PAKSI BTN Empowerment Program, Family with Integrity         Barat), Jakarta II Regional Office (Kanwil Jakarta II), East
Program, Establishment of the BTN Anti-Corruption            Java, Bali, and Nusra Regional Office (Kanwil Jatim Bali
Competency Testing Center (TUK), Commemoration               Nusra), Sumatra Regional Office (Kanwil Sumatera),
of International Anti-Corruption Day (Hakordia), and         Sulawesi, Maluku, and Papua Regional Office (Kanwil
Integrity Assessment Survey.                                 Sulawesi Maluku Papua), Central Java and Yogyakarta
                                                             Regional Office (Kanwil Jateng DIY), Wholesale Credit
Programs and Procedures Conducted                            Risk Division (WRD), Small Medium Enterprise Banking
to Resolve Corruption Practices                              Division (SMBD), Commercial Banking Centers in Jakarta
                                                             Raya, Bintaro Jaya, Bekasi, and Bandung
Anti-Bribery Management System
                                                             The Company successfully maintained its ISO 37001:2016
In line with its commitment to combating corruption,         SMAP certification, as confirmed by the ISO 37001:2016
BTN obtained ISO 37001:2016 Anti-Bribery Management          Certification Body following the surveillance audit.
System (SMAP) certification on August 11, 2020, issued       Additionally, as part of its continuous improvement
by the SNI ISO 37001:2016 Certification Body for the         efforts, the Company expanded the scope of ISO
implementation of ISO 37001:2016 within the Company.         37001:2016 SMAP (Extend Scope) by including the Credit
In 2024, the scope of the ISO 37001:2016 Anti-Bribery        Operation Division (COD). The certification audit for this
Management System (SMAP) certification includes:             expansion was conducted from October 7 to October
1. Procurement of goods and/or services at the               11, 2024, resulting in an increase in the total scope of
     Procurement and Fixed Asset Management Division         implementation to 16 areas under the ISO 37001:2016
     (PFAD).                                                 SMAP certification.
2. Commercial Credit in the Commercial Banking Division
     (CMBD) and Corporate Banking Division (CBD).            To implement the effectiveness of the implementation
3. SME Credit Restructuring at the following Regional        of the Anti- Bribery Management System (SMAP), the
     Offices: West Java Regional Office (Kanwil Jabar)       Company has an Anti-Bribery Management System
     Jakarta II Regional Office (Kanwil Jakarta II) East     (SMAP) organization based on SNI ISO 37001:2016
     Java, Bali, and Nusra Regional Office (Kanwil           consisting of Governing Body, Top Management
     Jatim Bali Nusra) Sumatra Regional Office (Kanwil       and Anti-Bribery Compliance Function (FKAP). In this
     Sumatera) Sulawesi, Maluku, and Papua Regional          case, Governing Body is the authority of the Board
     Office (Kanwil Sulawesi Maluku Papua) Central Java      of Commissioners while the FKAP functions in the
     and Yogyakarta Regional Office (Kanwil Jateng DIY)      Compliance and Governance Divisions.
4. Wholesale Credit Risk Division (WRD).
5. Small Medium Enterprise Banking Division (SMBD).          The management of the Anti-Bribery Management
6. Commercial Banking Center Jakarta Raya, Bintaro           System (SMAP) had been running well according to
     Jaya, Bekasi and Bandung.                               the Guidelines for the AntiBribery Management System
7. Credit Operation Division (COD).                          (SMAP), including:
                                                             1. Signing of BTN’s Anti-Bribery Policy by Top
The implementation of ISO 37001:2016 Anti-Bribery               Management (i.e., President Director) and the
Management System (SMAP) certification is based on the          Governing Body (i.e., President Commissioner) as
Letter from the Minister of State-Owned Enterprises of the      part of the Company’s Management commitment
Republic of Indonesia No. S-17/S.MBU/02/2020 regarding          to anti-bribery implementation.



                                                                        PT Bank Tabungan Negara (Persero) Tbk      769
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                                                      Governance




2. Conducted an assessment of changes in internal                  extending the implementation of ISO 37001:2016
   and external issues that were relevant to the anti-             SMAP parameters to 115 branch offices. This initiative
   bribery management system;                                      reflects the commitment of the Board of Directors and
3. Conducted an assessment of the effectiveness of                 Board of Commissioners to ensuring that the Anti-
   actions taken to address the risk of bribery;                   Bribery Management System (SMAP), which has been
4. Conducted an assessment of opportunities for                    successfully implemented in certified business units, is
   continuous improvement of the SMAP;                             also applied across all operational lines and business
5. Internalizing SMAP and Whistleblowing System (WBS)              units within the Company, including BTN branch offices
   through various socialization media to Debtors and              throughout Indonesia.
   Vendors to improve the quality of SMAP;
6. Signing the Employee Integrity Pact related to SMAP             SMAP parameters in branch offices is not subject to
   implementation commitment which is renewed                      certification by an ISO Certification Body. Instead, it
   annually on a regular basis;                                    is assessed and measured through a Compliance
7. Conducted an assessment of the work unit addition               Assessment, which serves as a systematic evaluation
   certified by ISO 37001:2016 SMAP.                               method to measure the effectiveness of ISO 37001:2016
                                                                   SMAP-based implementation in branch offices. The
Bank BTN is committed to performing continuous                     Compliance Assessment aims to: analyze the level
improvement in implementing ISO 37001:2016 Anti-                   of awareness and compliance in implementing the
Bribery Management System to accomplish free from                  Anti-Bribery Management System (SMAP) across the
corruption, collusion, and nepotism Company. The                   Company’s business units, provide recommendations
Bank will always invite business partners/work partners            for improvement and propose enhancements to
to support the implementation of SMAP ISO 37001:2016               strengthen awareness and compliance in implementing
in the Company by signing an Integrity Pact with the               SMAP. The Compliance Assessment is based on three
commitment that while working with the Company, will               key principles: Adequacy of Policies and Procedures,
not practice gratituities, bribes, or other actions that           Internal and External Communication, Monitoring and
violate applicable laws and regulations.                           Review Process. The assessment covers 115 branch
                                                                   offices and evaluates their maturity level based on
The implementation of the Anti-Bribery Management                  specific compliance criteria, which are categorized as
System was expected to increase the trust of all Company           follows:
stakeholders, including business partners/work partners
in establishing cooperation and would increase the
efficiency of business processes. As a financial institution,                    Maturity
                                                                     Score                             Description
                                                                                  Level
the Company must enhance its reputation by ensuring
efficient business processes, adhering to Good Corporate                                     The implementation of the Anti-
Governance (GCG) principles, and complying with                                              Bribery Management System
                                                                    0 - 10      Vulnerable   (SMAP) has not been carried out
international standards such as ISO 37001:2016 Anti-                                         consistently across all business
Bribery Management System (SMAP).                                                            units.

                                                                                             The implementation of the Anti-
The final result that would be obtained by the Bank, with                                    Bribery Management System
                                                                                             (SMAP)     has    been     carried
the application of ISO 37001:2016, was an increase in the           >10 – 20    Reactive
                                                                                             out; however, it is not yet fully
                                                                                             consistent across all areas and
competitiveness of the Bank in the long term so that the                                     has not become an established
Company would be healthier and grow in a sustainable                                         work pattern or culture within the
                                                                                             business units.
manner. The Company had also implemented SNI ISO
9001:2015 Quality Management System, namely the                                              The implementation of the Anti-
                                                                                             Bribery Management System
audit process in the Internal Audit Division, the KPR                                        (SMAP) has been carried out
                                                                    >20 – 30    Compliant
process in the Non-Subsidized Mortgage & Personal                                            consistently; however, it remains
                                                                                             limited to meeting regulatory
Lending Division, business processes in the Enterprise                                       requirements.
Risk Management Division, Compliance & Governance                                            The implementation of the Anti-
Division and Learning Management Division.                                                   Bribery Management System
                                                                    > 30 – 40   Proactive    (SMAP) has been carried out
                                                                                             consistently and is fully integrated
COMPLIANCE ASSESSMENT ON THE IMPLEMENTATION OF                                               into daily operations.
ISO 37001:2016 SMAP 2024 IN BRANCH OFFICES                                                   The implementation of the Anti-
As part of the improvement efforts in implementing the                                       Bribery Management System
                                                                                             (SMAP) has been carried out
ISO 37001:2016 Anti-Bribery Management System (SMAP)                > 40        Resilient    consistently, has become an
certification across 16 certified areas, the Company                                         organizational culture, and the
                                                                                             business unit has taken proactive
has undertaken development and adaptation by                                                 measures.




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Based on the results of the Compliance Assessment             1.   Determination of Certified Candidates selected by
Analysis conducted on 81 Branch Offices and 34 Sharia              the Board of Directors.
Branch Offices (115 Branch Offices in total), along with      2.   Internal verification    conducted by the Human
confirmations through interviews with a sample of 30               Capital Management Division (HCMD).
Branch Offices and Sharia Branch Offices, the analysis        3.   Socialization & Technical Guidance provided by LSP
results indicate the following: 111 Branch Offices and             KPK and the Compliance and Governance Division
Sharia Branch Offices fall under the Comply category,              (CMGD).
32 Branch Offices are categorized as Compliant,               4.   In-depth Learning – Through e-learning from LSP
72 Branch Offices are categorized as Proactive, 7 Branch           KPK.
Offices fall under the Resilient category.                    5.   Completion of APL-01 Form – Personal biodata form
                                                                   for certification candidates.
IMPLEMENTATION OF INTEGRITY BUILDER EXPERT (API)              6.   Completion of APL-02 Form – Self-assessment form
CERTIFICATION                                                      for competency evaluation.
Participation in Integrity Building Expert Certification      7.   Submission of Supporting Documents
(API) was achieved to strengthen the Company’s                8.   Candidate Registration through the LSP KPK
integrity system, notably in preventing corruption and             registration link.
as a commitment to the Company’s cooperation with             9.   Competency Assessment – Conducted offline
the Corruption Eradication Commission (KPK) in the                 (face-to-face).
Professional Integrity (PROFIT) program.
                                                              At the 2024 International Anti-Corruption Day (Hakordia)
API certification was certified personnel who were            Commemoration Event, organized by the Corruption
competent to build a national standard integrity              Eradication Commission (KPK) on December 9, 2024, at
system in efforts to eradicate and prevent corruption.        Gedung Juang, Gedung Merah Putih KPK, Jakarta, the
The Bank attempts to construct an integrity system            KPK awarded one of BTN’s API-certified employees the
and sustainably strengthen the integrity system, one of       title of Inspirational Integrity Builder Expert (API) in the
which was through API certification.                          Innovative API Category 2024. The award was presented
                                                              directly by KPK Deputy Chairman, Mr. Nurul Ghufron.
The Company’s employees who had been declared
competent and received API certificates from 2019 to          IMPLEMENTATION OF ANTI-CORRUPTION EXTENSION
2024 are 96 employees. Competent API certification            WORKER CERTIFICATION (PAKSI)
participants in the future are expected to become             The Company, in supporting programs and efforts
a trigger mechanism and could implement the                   to prevent corruption by the Corruption Eradication
commitments that have been made in the form of                Commission (KPK), has, up until 2024, involved a total of
follow-up plans after certification, namely increasing        67 BTN employees and 6 representatives of employees’
integrity awareness, creating risk profiles, and              wives from IIKPA, who have been declared competent by
mitigating them regarding activities in work areas prone      the KPK’s Professional Certification Institute (LSP) in the
to corruption, encouraging the establishment and              implementation of the Anti-Corruption Instructor (PAKSI)
strengthening corruption prevention policies in the work      Certification. An Anti-Corruption Instructor (PAKSI) is
environment or agencies by executing internalization          a certified individual with expertise in a specific field
through webinar activities and GCG socialization and          of anti-corruption education and is assigned by their
Disciplinary Provisions to all employees in the work          organization to carry out anti-corruption awareness
environment on a regular and continuous basis.                activities within their organization and its network.


The Company participated in the Integrity Builder             The Company’s participation in the implementation
Expert (API) certification organized by the Professional      of the Anti-Corruption Instructor (PAKSI) certification,
Certification Institute (LSP) of the Corruption Eradication   organized by the Professional Certification Institute
Commission (KPK) in 2024 under the API Muda scheme.           (LSP) of the Corruption Eradication Commission (KPK)
This certification was conducted in two batches: Batch 1      in 2024, began with the e-learning process, followed by
in March 2024 Batch 2 in June 2024. From the e-learning       the Training for Prospective Anti-Corruption Instructors
process to the assessment stage, the results were as          (PELOPOR), and concluded with the assessment process.
follows: 4 employees were declared Competent in API           The assessment was conducted using two methods:
Muda Batch 1, 7 employees were declared Competent in          Remote Assessment (AJJ) or Online Method, where 21
API Muda Batch 2.                                             employees were declared competent. Face-to-Face
                                                              Assessment at the BTN Competency Testing Center
The steps taken to participate in the Integrity Building      (TUK) conducted onsite, where 16 employees were
Expert (API) certification throughout the 2024 period         declared competent. In total, 37 employees successfully
were as follows:                                              passed the PAKSI BTN certification assessment and



                                                                          PT Bank Tabungan Negara (Persero) Tbk      771
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                                                    Governance




were declared competent through both assessment                  FORMATION OF ANTI-CORRUPTION COMPETENCY TEST
methods.                                                         PLACE (TUK) BTN


The steps involved in taking part in the Anti-Corruption
Instructor (PAKSI) certification are as follows:
1. Determination       of     Anti-Corruption    Instructor
    Certification Candidates through the PELOPOR
    Training Pathway by the Board of Directors.
2. Internal verification of participants from the Human          In 2024, BTN’s Learning Center was officially designated
    Capital Management Division (HCMD); 664 PT                   as the first Anti-Corruption Competency Test Center
    Bank Tabungan Negara (Persero) Tbk Corporate                 (TUK) outside the Professional Certification Institution
    Governance                                                   of the Corruption Eradication Commission (LSP KPK).
3. Socialization and Technical Guidance from LSP KPK             This designation was granted by KPK based on several
    and Compliance and Governance Division (CMGD);               key considerations such as Active Participation in
4. Implementation of E-Learning “Basic Knowledge                 Certification Programs. BTN has actively engaged in the
    of AntiCorruption and Integrity” which was done              Integrity Builder (API) and Anti-Corruption Counselor
    independently (online);                                      (PAKSI) certification programs. The next one is Highest
5. Fill out the Registration Form for Anti-Corruption            Number of Certified Employees. As a State-Owned
    Extension Officer Candidate Training (ACEOCT);               Enterprise (BUMN), BTN holds the record for the highest
6. Implementation        of   Anti-Corruption    Instructor      number of certified personnel, with 156 employees
    Candidate Training (PELOPOR) conducted offline.              holding API and PAKSI certifications. Another factor is
7. Registration of Anti-Corruption Extension Officer             established API and PAKSI Forum. BTN has a structured
    (ACEO) Assessment Certification through the LSP KPK          API and PAKSI Forum, which plays an active role in
    link;                                                        promoting integrity and anti-corruption initiatives. Then,
8. Implementation of an online Anti-Corruption                   Strong Collaboration with KPK. BTN maintains effective
    Extension Officer Assessment (ACEO).                         communication and coordination with KPK in driving
                                                                 anti-corruption programs. Last one is Prior Experience
In the 2024 Anti-Corruption Instructor Certification             as a Competency Test Center. BTN previously served as
program, a face-to-face assessment was conducted                 a temporary TUK in 2020, demonstrating its capability
at Graha Learning BTN Center Tebet for the first time,.          to operate as a permanent Anti-Corruption TUK. This
This was carried out alongside the inauguration of the           designation is valid for three years, further reinforcing
Company’s Learning Center as the first Anti-Corruption           BTN’s commitment to anti-corruption efforts. The official
Competency Testing Center outside the LSP KPK.                   inauguration of BTN’s Anti-Corruption TUK took place at
                                                                 Graha Learning Center BTN Tebet on October 31, 2024.
INTEGRITY FAMILY                                                 The event was attended by Mr. Eko Waluyo, Director of
In order to build an anti-corruption culture within              Human Capital, Compliance, and Legal BTN, alongside
families, the Integrity Family Program was implemented.          Mr. Wawan Wardiana, Deputy for Education and
This program focuses on the crucial role of families             Community Participation at KPK.
in instilling values of integrity and honesty, which
are considered the fundamental foundation for                    BTN API-PAKSI EMPLOYEE EMPOWERMENT
preventing corrupt behavior in the future. The program           PROGRAM 2024
was conducted by the Company on April 26, 2024,                  As part of BTN’s commitment and collaboration
in collaboration with the Directorate of Community               with the Corruption Eradication Commission (KPK)
Participation of the Corruption Eradication Commission           in corruption prevention efforts, the company has
(KPK) at the Ballroom of Menara BTN. This event was              actively participated in KPK’s Anti-Corruption Sector
attended by 40 Layer 1 Officials within the Company              Certification Program (API and PAKSI Certifications)
(Division Heads, Regional Office Heads, and Branch               since 2019. Currently, there are 96 BTN employees
Office Heads) along with their spouses. The primary              have been certified as Integrity Builders (API) and 67
objective was to strengthen the integrity of leaders as          BTN employees have been certified as Anti-Corruption
role models, starting within their own families.                 Counselors (PAKSI). To ensure the fulfillment of each
                                                                 employee’s commitment plan during certification and
                                                                 to further enhance the active role and empowerment of
                                                                 API and PAKSI members in strengthening organizational
                                                                 integrity, BTN has established a structured empowerment
                                                                 program and mandatory action initiatives for all API and
                                                                 PAKSI-certified employees.




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1. All API and PAKSI members at BTN are required to              2. Most Active Institution in the Ministry/Agency/Local
   conduct at least one activity per quarter, selecting             Government Category for API PAKSI Empowerment in
   from one of the following four options:                          2024.
   a. Initiating, Creating, Proposing, Reviewing, or             3. One of the employees received the award as an
       Recommending           Integrity-Related    Activities,      Innovative Integrity Builder (API) in 2024.
       Policies, or Programs within the Bank’s Internal
       Environment (example : Official assignment                The implementation of the API PAKSI Empowerment
       letter, Policy review documents, Meeting minutes,         Program has also had a positive impact on the Company,
       Internal memos or reports                                 namely: (1) Enhancing the Culture of Integrity Among
   b. Conducting Awareness Activities to Enhance                 Employees – Increasing employees’ understanding
       Integrity (Theme: Corruption Culture, Risk                of the importance of honesty, responsibility, and
       Awareness, Anti-Fraud, Compliance, Signing of the         accountability, (2) Corruption Prevention – Raising
       Integrity Pact, etc. for employees in each work unit      individual awareness to avoid involvement in corrupt
       through internalization conducted onsite/online).         practices, (3) Improving Corporate Governance –
       (evidence: Integrity Pact, minutes of socialization       Enabling the institution to implement good governance
       events, documentation of socialization, invitations       principles (GCG).
       to socialization events, etc).
   c. Conducting external dissemination of the                   COMMEMORATION OF INTERNATIONAL ANTI-
       corruption prevention program to partners/                CORRUPTION DAY (HAKORDIA) 2024
       business      associates/debtors       within   each      To commemorate International Anti-Corruption Day
       work unit through socialization, letters, emails,         (Hakordia), which is observed every December 9, the
       and/or other media. (evidence: socialization              Company organized a series of “Road to Hakordia 2024”
       documentation, letters, emails, etc).                     activities. These initiatives aimed to disseminate anti-
   d. Spreading integrity messages through personal              corruption messages through various media channels,
       social media (Instagram, Facebook, X (twitter),           including: Corporate social media platforms (Instagram,
       WhatsApp status), BTN SmartShare, writing                 Facebook, Twitter), Video displays on LED TVs in the
       articles in BTNMagz, and/or other media.), btn            lobby of Menara BTN 1, Posters featuring the Hakordia
       smartshare, menulis artikel di BTNMagz, dan atau          2024 theme, WhatsApp blasts and email blasts from the
       media lainnya. (evidence: documentation of                Gratification Control Unit (UPG) to all employees, B-Gate
       Instagram, Facebook, X (twitter), and others).            (BTN Geo Attendance) notifications
2. Each API PAKSI empowerment activity is reported
   through reporting media, including external reporting         The Grand Celebration of International Anti-Corruption
   (KPK Aksesku website) and internal reporting (a link          Day (Hakordia) 2024 within the Company’s internal
   provided by the company).                                     environment was held at Menara BTN 1 on December
3. As a form of appreciation for the active role                 19, 2024. The event featured various activities, including:
   of employees certified as API and PAKSI in the                Integrity reinforcement session by Mr. Sugiarto, Head of
   organization’s integrity program, during the peak             the Certification and Empowerment Task Force at LSP
   event of the 2024 International Anti-Corruption Day           KPK RI, Launching of the UPG (Gratification Control Unit)
   (Hakordia) within the company, awards were given              logo and the Forum for API PAKSI BTN Communication
   to Inspirational API and PAKSI.                               (Forkom) logo, Screening of the 2024 Governance
                                                                 Strengthening and Gratification Control Program
During the period from January to December 2024,                 Kaleidoscope Video Recognition Awards for Gratification
a total of 45 (forty-five) activity reports were submitted       Whistleblowers, Screening of the 2024 API PAKSI BTN
by API PAKSI BTN. This serves as evidence that API PAKSI         Empowerment Program Video, Recognition Awards
BTN has been actively engaged within their respective            for Inspirational API PAKSI Employees, Recognition
work units in raising awareness among employees                  Awards for Branch Offices (KC/KCS) for their active
regarding corruption and gratuities.                             role in strengthening integrity. This event served as a
                                                                 momentum to reinforce anti-corruption values and
Furthermore, at the 2024 International Anti-Corruption           appreciate employees and branches actively promoting
Day (Hakordia) commemoration event organized by the              integrity within the Company.
Corruption Eradication Commission (KPK), in recognition
of the Company’s active role in empowering employees             The Gratification Whistleblower Award was presented
certified as API and PAKSI, the Company received the             to three selected employees who reported gratification
following awards from KPK:                                       cases in 2024 under the following categories:
1. Strategic Partner of KPK in the Implementation of the         Whistleblower with the Highest Number of Reports,
    Anti-Corruption Sector Certification in 2024.                Whistleblower with the Highest Reported Nominal Value,
                                                                 Inspirational Whistleblower



                                                                            PT Bank Tabungan Negara (Persero) Tbk     773
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                                                    Governance




At the Hakordia 2024 event, appreciation was also given          Bank through written letters to each customer, debtor,
to Inspirational API PAKSI of the Year 2024 and One KC/          vendor, partner, business partner, and other third parties
KCS for its Active Role in Strengthening Integrity. These        who conduct business relations with the Company.
recognitions aim to motivate employees to actively
engage in gratification control and corruption prevention        MANAGEMENT OF GRATITUITY CONTROL
through gratification reporting and API certification.           Company’s sincerity in supporting the eradication of
Additionally, the awards serve as an inspiration for all         corruption was proved by collaborating with the KPK to
employees to become role models in their respective              sign a commitment to implement the Gratituity Control
work units, reinforcing the Company’s integrity system in        Program within the Company since June 25, 2014. Based
its continuous efforts to prevent corruption.                    on this commitment, in 2015 Company had internal
                                                                 guidelines and the Gratituity Control Unit (UPG) that
                                                                 played an active role in disseminating awareness and
                                                                 understanding of Gratituity and Anti-Corruption Control.


                                                                 The Company has established policies as guidelines
                                                                 for the implementation of gratuity control within
                                                                 the Company through Special Policy Number
                                                                 KK.6-A, regarding Gratuity Control Procedures and
Gratification Control                                            Technical Guidelines Number PT.6-A.1, regarding the
                                                                 Implementation Guidelines for Gratuity Control. As
Gratification control is an important aspect for the             an initiative to support gratuity control, these policies
Company to preserve business activities in line with             regulate the following matters:
Business Ethics, which highlights the significance of            a. General Provisions on Gratituity.
Integrity. The Bank enforces Gratification Control policies      b. Basic Principles of Controlling Gratituity.
aimed at developing the principles of GCG values and             c. Gratuity Control Activities.
instilling the importance of Integrity with all employees        d. Gratituity Category.
so that business activities are constantly founded               e. Gratituity Reporting Mechanism..
on Ethics and Responsibility. Gratification Control is           f. Documentation, Reporting, and Monitoring of
likewise compulsory so that the business interests are               Gratuities.
well maintained ethically and do not conflict with the
provisions regarding the prohibition of Gratification.           Since 2019, Bank BTN had collaborated with the
                                                                 Corruption Eradication Commission (KPK) in the
In line with the aim, Company implements a culture of            Professional Integrity movement (PROFIT) through the
not accepting gifts or rewards from customers, debtors,          following activities:
vendors, partners, work partners, and other third                1. Participation in training as an Integrity Builder (API)
parties regarding the services provided by employees                 and Anti-Corruption Instructors (PAKSI) to oversee
in performing their duties. It usually experiences its               corruption prevention efforts.
peak in the days leading up to Religious Holidays                2. Participation in the Anti-Corruption campaign
(Eid Mubarak, Christmas/New Year). The Company                       collaboration program with KPK through various
consistently makes announcements through social                      communication media channels.
media platforms (Instagram, Facebook, X), internal               3. Self-Assessment on the Adequate Corporate
company media, advisory memos to all employees                       Corruption Prevention Checklist
regarding the prohibition of receiving or giving                 4. Establishment of the BTN Competency Testing
gratuities, and national newspapers that reach the                   Center (TUK) in 2024
wider public. These announcements emphasize that the             5. Implementation of the Integrity Family Program
Board of Commissioners, Directors, and all employees             6. Commemoration of International Anti-Corruption
of the Company are fully committed to not accepting                  Day 2024
and/or requesting gifts or packages in any form from
or to customers, debtors, partners/vendors, business             GRATIFICATION REPORTING MECHANISM
associates, or any third parties.                                The Company has established a gratuity reporting
                                                                 mechanism as stipulated in Special Policy Number
Company also persuades all customers, debtors,                   KK.6-A, regarding the Gratuity Control Procedure,
partners/ vendors/work partners, and other parties who           Technical Guidelines Number PT.6-A.1, regarding the
have or intend to conduct business relations with the            Implementation Guidelines for Gratuity Control, and
Company to support this commitment by not giving                 Computer Operational Guidelines (POK) Number 01/
gifts or gifts of any kind, whether directly or indirectly.      POK/CMGD/V/2024 regarding the BTN Gratuity Reporting
Notification regarding this matter is also made by the           Application, with the following process flow:



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                                                                                                                             Annual Report




                                                                                 Gratification Control Unit
                    1                               2


                                                                                      UPG
                        Filling in form         Disampaikan melalui web
                        via the CRMS              (maksimal 10 HK sejak
                            website             penerimaan) kepada UPG               CMGD
                                               atau (maksimal 30 HK sejak
                                                penerimaan) kepada KPK                                                   Recapitulation
   REPORTER                                                                                                                  Report
                                                                                                                                              Analysis Results on
                                                                                                                                               Report Recapitu-
                                                                                                                         and Review (10
                                                                                                                                                    lation
                                                                                                                             LAWS)
                                                                                                                                                  & Reviews
                                                                                                                        KPK Goal System
                                                                                   Verification       Reviews
                                                                                  Completeness       Document                   3



                                  The SK is handed over to the
               4                        Reporting Party
                                    (7HK since established)
                                                                            Managed by the
                                                                               Agency
                                                                                                     Gratification
                                                                                                   Determination SK
                                    State Owned Gratuities
               5                   (submitted 7 HK since the
                                      decree was issued)



                                                                                                                       Verification   Request for      Analysis
                                                                                                                      Completeness      Data and     and Status
                                                                                                                                      Information   Determination




                                                                                                                                6


                                                                                 Cash Account           KPKNL
                                                                                   Country            KEMENKEU




Gratification Reporting Mechanism Figure Description:                                d. Use Form 4 if the gratuity is rejected, accompanied
1. Employees report the receipt of Gratification to the                                   by photographic evidence of the rejection.
   Corruption Eradication Commission (KPK) through                                3. The UPG continues the Gratification report to the KPK
   the UPG (d. CMPD) by filling out forms no later than                              within 10 working days after the Gratification report
   10 working days from the date the gratification was                               was received by the UPG. Then the KPK handles the
   received. Gratification received by the reporting                                 Gratification report which includes the:
   party is to be kept by the reporting party until a                                a. Verification of the comprehensiveness of the
   decree from the KPK regarding the ownership status                                     Gratification report;
   of the intended gratification is issued.                                          b. Request for additional data and information from
2. The submission of the form is conducted through                                        the related parties;
   the Compliance Regulatory Management System                                       c. Analysis of the receipt of Gratification; and
   (CRMS) at the following address: https://crms.btn.                                d. The determination of the ownership status of the
   co.id. The form used in this Circular Letter is adjusted                               Gratification. The process to determine the status
   according to the type of gratuity received, with the                                   regarding the receipt of Gratification reports
   following explanations:                                                                is within 30 working days after the Gratification
   a. Using Form 1 if the gratuity is in the form of money                                report was received by the KPK in full.
        or goods.                                                                 4. The KPK issues a decree regarding the status of the
   b. Use Form 2, if the gratification is obtained from                              receipt of the gratification to the recipient/reporter
        official activities.                                                         of the gratification and copies it to the UPG no later
   c. Use Form 3, if the gratification is in the form of                             than 7 (seven) working days from the date the
        foods/ drinks/parcels to welcome the holiday                                 Decree is stipulated. If the ownership status of the
        season. But if the gratification associated with                             gratification is determined to be managed by the
        the holiday season is provided in the form                                   agency, the gratification is submitted to the UPG to
        of money/vouchers/goods then continue to                                     be managed by the Company.
        use Form 1. Other aspects that must also be                               5. In terms of KPK determines the gratuity as state
        considered in completing the data on the form                                property, the whistleblower/Recipient must hand
        are the inclusion of Work Units, positions, detailed                         over the received gratuity to the UPG (i.e., CMGD)
        descriptions regarding the chronology/events of                              no later than seven (7) working days from the date
        the gratification referred to as well as any contact                         the decision letter is issued. Subsequently, the UPG
        telephone numbers and e-mail addresses                                       will transfer the gratuity to the KPK. The KPK will then
        provided in the process of clarifying reports by                             deliver the item to the Directorate General of State
        the UPG and the KPK.                                                         Assets and provide evidence of submission to the
                                                                                     whistleblower.


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6. In the case of gratuities in the form of money, the             c. Implementation of e-learning for all company
   whistleblower must deposit the money into the KPK’s                  employees on anti-bribery and gratuity control
   account and send transfer evidence to the UPG. This                  through the Digital Room for E-learning Modules
   evidence will be uploaded to the GOL KPK website                     (DREAM) in March 2024.
   as part of the required documentation for gratuity              d. Circulating an internal memo regarding the
   reporting.                                                           prohibition of gratuities ahead of Eid al-Fitr 1445 H
                                                                        to all work units in March 2024.
GRATIFICATION REPORT: ACCEPTANCE AND REJECTION                     e. Branch Visit by the Gratification Control Unit (UPG)
Throughout 2024, there were 96 reports of gratification                 as part of the internalization of Gratification at
received from the head office and branch offices,                       Branch Offices.
which consisted of reports concerning bribery, official            f. Dissemination on the theme of gratification
gratification, and gratification of parcels in the lead-up              through the installation of posters in the Banking
to religious holidays or gratification rejection.                       Hall of Branch Offices.
                                                                   g. Socialization of anti-gratification infographic
                                                                        messages        regarding    the     prohibition   of
    Number of Gratification Reports in the Last 3 Years
                                                                        receiving gratification ahead of Eid al-Fitr 1445
                                                                        H to stakeholders through the Media Indonesia
                                         96                             newspaper in April 2024.
              83                                                   h. Socialization of infographics in the form of flyers
                            78
                                                                        with the theme of gratification through e-mail.
                                                                   i. Installation of posters with the theme of
                                                                        International Anti-Corruption Day (Hakordia) on
                                                                        each floor of BTN Tower I in December 2024.
                                                                   j.    Internalization of infographics on the theme of
             2022         2023         2024                             International Anti-Corruption Day (Hakordia) to
                                                                        all employees through the B-Gate application,
                                                                        WhatsApp blast, and email blast in December
Based on the comparison of gratuity reports over the                    2024.
past three years, the number of reports in 2024 has                k. Dissemination of infographics in the form of a
increased to 96. This is a positive development, as                     video screening with the theme of International
gratuity reporting reflects employees’ compliance with                  Anti-Corruption Day (Hakordia) via the LED TV in
laws and regulations. It also indicates that employees                  the Lobby of BTN Tower 1.
are becoming more aware of and understanding                       l. Dissemination of infographics on the theme of
gratuity control while demonstrating a willingness to                   International Anti-Corruption Day (Hakordia) to
report any gratuities received.                                         stakeholders through social media platforms
                                                                        such as Facebook, X(twitter), and Instagram in
Anti-Corruption Training and Socialization                              December 2024.
for Employees                                                      m. Organizing the peak event for the commemoration
Throughout 2024, the Company has carried out several                    of International Anti-Corruption Day within the
activities to encourage the effectiveness of gratification              internal environment of the bank on December 19,
control policy implementation, such as:                                 2024.
1. Dissemination through various socialization media               n. Awarding to Gratification Reporters with the
    regarding the message of anti-gratification to the                  highest number of reports, the highest nominal
    whole employee as well as the Company stakeholder                   and inspirational reporters.
    through the following activities:                              o. Awarding of Inspirational API PAKSI.
    a. Internal dissemination of anti-gratuity and                 p. Awarding of KC/KCS for Their Active Role in
        anti-bribery messages through various digital                   Strengthening Integrity.
        bank media to all employees, including B-Gate,             q. Circulating advisories to all employees regarding
        computer wallpaper ads for all employees, and                   gratuity control in the context of Religious Holidays
        email.                                                          and the New Year in December 2024.
    b. External dissemination of anti-gratuity and                 r. Dissemination of infographics related to the
        anti-bribery messages through various media,                    prohibition of receiving gratuities during Christmas
        including BTN’s social media (Instagram,                        and New Year 2025.
        Facebook, Twitter), website, and national print         2. The signing of the Integrity Pact. The Company has
        newspapers.                                                an Integrity Pact signing program which is in line with
                                                                   its commitment to implementing ISO 37001:2016 Anti-




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   Bribery Management System (Sistem Manajemen                 of World Anti-Corruption Day Activities, Hakordia is
   Anti Penyuapan, SMAP) certification. The Integrity          commemorated every December 9. The KPK urges
   Pact is a statement from all levels of the Company to       all Ministries/Institutions to organize a series of
   commit to upholding morals and integrity, protecting        events for the 2024 Hakordia commemoration under
   and maintaining the image, credibility, and interests       the theme “Strengthen Commitment to Eradicate
   of the Company by not soliciting or receiving bribes        Corruption for an Advanced Indonesia.” In line with
   or gratuities from parties with conflicts of interest.      this, at the Hakordia Commemoration event within
   The Integrity Pact is always implemented as well            the Company on December 19, 2024, the Company
   as possible to support the SMAP program and                 presented appreciation to employees who reported
   gratification control. The Integrity Pact signed by         gratuities and demonstrated commitment to
   each employee is uploaded via the Digital Room for          corruption prevention within the Company. This
   E-Learning Modules (DREAM) media                            recognition aims to inspire other employees to
3. E-learning on Gratification Control                         uphold the same commitment to corruption
   Internalization to all employees on Gratuity Control        prevention, particularly through rejecting and
   and Anti-Bribery Management System materials                reporting gratuities.
   was conducted through the Compliance Excellence
   program in March 2024 using the Digital Room for         Appreciation is given to gratification reporters in 2023
   E-learning Modules (DREAM) platform. Additionally,       with 3 (three) categories, namely
   an evaluation of the material was carried out through    a. Gratification reporting category with the highest
   quizzes and feedback sessions on the provided                number of reports.
   content.                                                 b. Gratification reporting category with the highest
4. Report on the Work Plan for the Gratification Control        nominal amount.
   Program (Program Pengendalian Gratifikasi, PPG) to       c. Inspirational Reporter Category.
   the KPK
   Based on the KPK letter regarding the Guidelines for     In addition to awards for gratification reporters,
   Monitoring and Evaluating the Implementation of          appreciation was also given to API PAKSI Inspiratif BTN,
   Gratuity Control in 2024, the Company is required to     as well as appreciation to Branch Offices/Sharia Branch
   submit a Gratuity Control Program (PPG) Realization      Offices for their active role in Strengthening Integrity.
   Report to the KPK every semester through the KPK
   Gratifikasi Online (GOL) application. The Company        Integrity Assessment Survey
   has submitted the Semester I and II PPG Realization
   Reports to the KPK with the following details:           The Integrity Assessment Survey (SPI) is a survey to
   a. Provisions for gratuity control within the            measure the level of corruption risk conducted by
       Company;                                             the Corruption Eradication Commission. This survey
   b. Report on internal and external dissemination         produces recommendations for improving the
       through media for anti-gratuity messaging;           corruption prevention system and aims to increase
   c. E-learning report on Technical Guidance for           awareness of corruption risks and improve the anti-
       Gratuity Control;                                    corruption system within the Company’s internal
   d. Report on independent gratuity socialization by       environment. Since 2023, as a form of the Company’s
       the Gratuity Control Unit (UPG);                     commitment to preventing corruption, the Company
   e. Technical guidance on PPG implementation;             has participated in the Integrity Assessment Survey
   f. Report on identifying vulnerable points for           conducted by the KPK and has become the first BUMN
       gratuity practices;                                  category institution to participate in this SPI survey and
   g. Report on risk mitigation of vulnerable gratuity      has obtained good results for improving control in the
       practices;                                           Company’s internal. The SPI survey uses a probability
   h. Gratuity reporting;                                   sampling method for multi-stakeholder internal
   i. Reporting on gratuity rejections managed by           respondents, external respondents, and experts. In 2024,
       UPG;                                                 BTN also re-participated in the SPI survey from the KPK
   j. Report on gratuity control innovations                with the survey implementation starting from August -
   k. Implementation of ISO 37001:2016 Anti-Bribery         October 2024. The results of the 2024 SPI assessment
       Management System (SMAP) certification.              showed an increase in scores compared to the previous
5. In accordance with the Circular Letter of the            year, including:
   Corruption Eradication Commission (KPK) Number
   18 of 2024 regarding the Appeal for the Organization




                                                                       PT Bank Tabungan Negara (Persero) Tbk    777
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                                                                                                                 concerning Procedures for Registration, Announcement
                    2023                                                    2024
                                                                                                                 and Examination of State Officials’ Wealth Reports, in
                    77,92                                                   84,36                                conjunction with KPK Regulation No. 3 of 2024 concerning
SPI score assessment category description:
                                                                                                                 the Second Amendment to Regulation of the Corruption
• Vulnerable (<73).                                                                                              Eradication Commission Number 07 of 2016 concerning
• Alert (73-77).                                                                                                 Procedures for Registration, Announcement and
• Guarded (78-100)
                                                                                                                 Examination of State Officials’ Wealth Reports.


Management of State Officials’ Wealth                                                                            The Company’s LHKPN Management Policy
Report (LHKPN)
                                                                                                                 The Company is committed to the implementation
As a State-Owned Enterprise, the Company consistently                                                            of LHKPN’s obligations with the issuance of Special
strives to maintain compliance with the submission of                                                            Policy No. 3C concerning Personnel Regulation and
LHKPN. The basis for the provisions for Management of                                                            Administration, Chapter VII concerning Human Capital
State Official Wealth Report (LHKPN) is the Regulation of                                                        Services and Operations. Based on the Special Policy,
the Corruption Eradication Commission of the Republic                                                            Officials within the Company who are required to report
of Indonesia Number 07 of 2016 concerning Procedures                                                             LHKPN are as follows:
for Registration, Announcement and Examination of                                                                1. Board of Directors, Board of Commissioners, and
State Officials’ Wealth Reports and Regulation of the                                                                Board of Commissioners Organs.
Corruption Eradication Commission of the Republic of                                                             2. Head of Division/Desk (or equivalent), Head of
Indonesia Number 02 of 2020 concerning Amendments                                                                    Regional Office.
to Regulation of the Corruption Eradication Commission                                                           3. Head of Branch and Head of Sharia Branch.
of the Republic of Indonesia Number 07 of 2016




Number of LHKPN Reporting


    No.                               Position Category                                                                 Amount                     % Reporting

      1.     Board of Commissioners                                                                                         8                           100%

     2.      Board of Directors                                                                                            10                           100%

     3.      SEVP                                                                                                           2                           100%

     4.      Head of Division                                                                                              40                           100%

     5.      Head of Regional Office                                                                                        6                           100%

     6.      Head of Branch                                                                                                113                          100%

    Total Mandatory Report                                                                                                179                          100%



                                                                                          Number of
    No.               Year                     Report Type                                                                   Jumlah Pelaporan          %Kepatuhan
                                                                                          Mandatory
                            Reports                   Number of Reporting                         % Compliance




     1.               2020                 Periodic 2019                                         158                                 157                  99,37%

    2.                2021                 Periodic 2020                                         162                                 162                   100%

    3.                2022                 Periodic 2021                                         170                                 170                   100%

    4.                2023                 Periodic 2022                                         175                                 175                   100%

    5.                2024                 Periodic 2024                                         179                                 179                   100%



•         All BUMN officials are required to report the 2023 Periodic LHKPN online from January 1, 2024, to March 31, 2024, where
          if there are BUMN officials who do not fulfill this obligation, they may be subject to administrative sanctions.
•         Based on this, BTN’s Compliance Report on LHKPN Reporting is 100% or all Mandatory Reporters have completed
          reporting according to the specified deadline, where the level of compliance can be maintained. (position March
          31, 2024).




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                                                                                                                             Annual Report




Number of Determination (Internal Fraud) and Resolution Efforts


                                                              Number of frauds committed (Internal)

                              Members of the Board of
                                Commissioners and
   Internal Fraud                                                          Permanent employee                     Non-Permanent employee
                                    Members of
      in 1 Year
                               the Board of Directors

                           Previous Year         Current Year         Previous Year         Current Year        Previous Year          Current Year
                              (2023)               (2024)                (2023)               (2024)               (2023)                (2024)

 Total Fraud                        0                    0                    19                   23                    0                     1

 Resolved                           0                    0                    17                   19                    0                     1

 In the process of                  0                    0
 resolution in the                                                             2                    4                    0                     0
 Bank Internal

 Not yet attempted                  0                    0
                                                                               0                    0                    0                     0
 to be resolved

 Has been followed                  0                    0
 up through the                                                                2                    0                    0                     0
 legal process

Note:
1. The number of cases in the current year is based on the Special Audit Result Report and the Initial Review Result Report for the period January - December
   2024.
2. The number of cases that are “Resolved” are cases that have received a sanction decision from the Board of Directors - December 2024.
3. The number of cases that are “In the process of being resolved internally in the Company” are cases that have not received a sanction decision from the
   Board of Directors until December 2024.
4. The number of cases that are “Followed up through the legal process” are cases that “have been resolved” and received a criminal sanction decision. The
   legal process is followed by the Legal Division.




Provision of Funding for Social and/or                                             takes into account the precautionary principle as well as
Political Activities                                                               the applicable laws and regulations and has complied
                                                                                   with Bank Indonesia regulations regarding BMPK.
Provision of Funding for Social Activities is part of the
Company’s social responsibility. Therefore, information
related to the provision of funding for social activities is                                                                        Amount
described in the Social and Environmental Responsibility
                                                                                   No.       Fund Provider                                   Amount
section which is an integral part of this annual report.                                                                  Debtor             (million
                                                                                                                                             rupiah)
As for providing funds for political activities, during 2024,
                                                                                     1.   To Related Parties                   21                  5.247
the Company will not provide funds for political activities
or to political parties in accordance with statutory                                2.    To Core Debtors:
                                                                                          a. Individual                       34             11.567.988
regulations and the Company’s code of conduct.
                                                                                          b. Group                            86             23.372.916



Provision of Funds to Related Parties
and Provision of Large Funds                                                       Share Buyback and Bond Buyback

The Company provides funds to related parties and                                  Selama tahun 2024, tidak terdapat buyback saham
large exposures which are made with the approval of                                maupun buyback obligasi.
the Company’s Board of Commissioners. The Company
has never violated the Legal Lending Limit (BMPK) during
2023. The Compliance Director through the Compliance                               Bank Strategic Plan
Unit constantly monitors the Company’s compliance
with the BMPK provisions and reports it to the Financial                           Information related to the Bank’s Strategic Plan has
Services Authority every semester. The implementation                              been presented in the Bank’s Strategy Sub-Chapter in
of the provision of funds by the Company to related                                the Management Analysis and Discussion Chapter in
parties and/or the provision of large exposure always                              this Annual Report.




                                                                                                PT Bank Tabungan Negara (Persero) Tbk                 779
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                                                     Corporate
                                                     Governance




Transactions Containing Conflict of                               The prohibition for the Company Insiders who have
Interest                                                          Insider information to buy or sell the Company’s
                                                                  Securities is based on the consideration of the Principle
An explanation regarding transactions that contain                of Disclosure in the Capital Market which results in the
conflict of interest is presented in the Management               creation of equality of information for each party in
Discussion and Analysis Chapter of this Annual Report.            making investment decisions. Insiders of a bank that
                                                                  conducts transactions with other companies are also
                                                                  subject to a prohibition to conduct transactions in
Internal Dispute                                                  the securities of such other companies, even though
                                                                  the person concerned is not an Insider of such other
Throughout 2024, there was no internal dispute between            companies. This is because information about the other
employees of the Company.                                         company is usually obtained due to the Insider’s position
                                                                  in the bank that conducts transactions with the other
                                                                  company. During 2024, there was no insider trading.
Prevention of Insider Trading

As part of managing potential conflicts of interest, the          Transparency of Financial and
Company has established a policy regarding Insider                Non-Financial Conditions
Trading actions as regulated in Special Policy No.KK.9-
AA of 2023 concerning Investor Relations Activities. In this      Explanation regarding the Transparency of Financial
provision, it is stipulated that the Company’s Insiders are       and NonFinancial Conditions has been presented in the
prohibited from carrying out Insider Trading activities           Sub- Chapter of Transparency for Report Submission
through purchasing or selling the Company’s Securities            in the Chapter of Corporate Governance in this Annual
or other Companies that transact with the Company.                Report.
The Insiders referred to are as follows:
1. Commissioners, Directors, or Employees of the
    Company;                                                      Implementation of Sustainable Finance,
2. The major shareholder of the Company;                          Including the Implementation of Social
3. An individual who, because of his position or                  and Environmental Responsibility
    profession or because of his business relationship
    with the Company, allows that person to obtain                An explanation of the application of sustainable finance,
    inside information; or                                        including the application of social and environmental
4. Parties who, within the last 6 (six) months, are no            responsibility, has been explained in Bank BTN’s 2024
    longer referred to in points 1, 2, and 3 above.               Sustainability Report.




780       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                            Annual Report




Report of Sharia
Business Unit Governance

The Company has established a Sharia Business Unit          5 (Five) Basic Principles of the
(UUS) Management, which is designed to guide the            Sharia Business Unit (UUS)
Company’s management to operate in compliance with          Governance of the Company
the five basic principles of Sharia and is also targeting
broader interests. The main interests of concern here       The Company consistently implements and improves
include protecting the interests of the stakeholders and    the UUS management. Such means is carried out by
increasing compliance with the prevailing laws and          continuously advancing its services to the customers
regulations and ethical values that apply generally to      and the stakeholders according to Sharia Principles
the Islamic banking industry.                               which are based on 5 (five) basic principles of GCG,
                                                            namely:
Policies regarding the management of Sharia Business        1. Transparency: directness in providing material,
Units (UUS) in the Company refer to several regulations,       relevant information, and transparency in the
including the following:                                       decision-making process;
1. Law No. 21/2008 concerning Islamic Banking dated         2. Accountability: accuracy and validity of the
    July 16, 2008.                                             information presented about the effective Company
2. Bank Indonesia Regulation No. 11/10/ PBI/2009               management in accordance with the purpose;
    Concerning Sharia Business Units as amended by          3. Responsibility:   the    Company’s      management
    Bank Indonesia Regulation No. 15/14/ PBI/2013.             adheres to the prevailing laws and principles of a
3. Bank Indonesia Regulation No. 11/33/ PBI/2009               healthy UUS management;
    Concerning the Implementation of Good Corporate         4. Professionalism: possessing competence, ability to
    Governance for Sharia Commercial Banks and                 act objectively and free from any influence/pressure,
    Sharia Business Units.                                     and committing to developing Sharia business;
4. Bank Indonesia Circular Letter No. 12/13/ DPbS dated     5. Fairness: upholding justice and equality in
    April 30, 2010 concerning the Implementation of            defending the rights and satisfying the interests of
    Good Corporate Governance for Sharia Commercial            the stakeholders in accordance with the prevailing
    Banks and Sharia Business Units.                           legislation.
5. Financial Services Authority Regulation No. 2 of
    2024 Concerning the Implementation of Sharia
    Governance for Sharia Commercial Banks and              Structure of Sharia Business Unit
    Sharia Business Units.                                  (UUS) of the Company
6. Financial Services Authority Circular Letter No. 15
    of 2024 Concerning the Implementation of Sharia         The Company’s Sharia Business Unit (UUS) is managed
    Governance for Sharia Commercial Banks and              by the Director of UUS, who delegates to the Division of
    Sharia Business Units.                                  UUS and Deputy of UUS, under the supervision of the
7. Decree of the Board of Directors Number 52/SK/DIR/       Sharia Supervisory Board as outlined in the following
    TPMD/2021 concerning the Organizational Structure       UUS management structures graph: Report of Sharia
    of the Head Office and Regional Offices.                Business Unit Governance:
8. The Company’s Articles of Association.




                                                                       PT Bank Tabungan Negara (Persero) Tbk   781
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                                                                                  Corporate
                                                                                  Governance




                                                                                                                                                                 Sharia Banking
                                                                                                                                                                    (SHAD)



                                         Secretary




                                                     Sharia Funding                                                                            Sharia Financing
                                                       Business                                                                                   Business



                             M               N                                M                  M                                               M                N                M
             Sharia Retail                                                                                                            Sharia                             Sharia
                                                    Sharia       Sharia Digital                               M      Sharia                            Sharia                                   M
              Funding &          Sharia Wealth                                       Sharia                                         Mortgage                          Commercial
                                                 Institutional     Banking                               Sharia    Subsidized                         Personal                             Sharia
              Customer           Management                                       Distribution                                      & Secured                            & SME
                                                   Funding         Business                             Funding    Mortgage                           Banking                           Financing
                Care                                                                                                                Financing                          Financing
                                                                                                       Business                                                                          Business
                                                                                                       Service &                                                                         Service &
         M                M                  N               M                M                         Product                 M               M                M                        Product
             Sharia Retail       Sharia Wealth                   Sharia Digital      Sharia          Development      Sharia          Sharia            Sharia           Sharia        Development
Sharia                           Management         Large                                                           Subisidized                        Personal
               Funding                                             Banking           Branch                                          Mortgage                         Commercial
Legal                            Segmentation     Institution                                                        Mortgage                         Financing
               Business                                           Partnership     Performance                                          Sales                          Financing RM
                                                                                                                      Sales         Management           Sales
         N                                   N               M                M                                    Management                        Management                  M
Sharia        Hajj, Umroh          Sharia                                           Sharia                                                                               Sharia
                                                   Medium        Sharia Digital                                                 M               M                 N
 Audit       Management          Wealth Sales                                      Network                                                                              Assistant
                                                  Institution    Banking Sales                                        Sharia            Sharia           Sharia
               & Islamic         Management                                        & Office                                                                           Commercial
                                                                                                                   Stakeholder       Institutional    Institutional
                Related                                                           Channeling                                                                          Financing RM
         N                                                                                                           Relation       & Partnership    & Partnership
Sharia                    M                                                                                                            Relation         Relation
                                                                                                                                N                                                N
 Risk          Sharia                                                                                                                                                  Sharia SME
                                                                                                                      Sharia
               Service                                                                                                                                                   Sales
                                                                                                                    Reimburse­
              Quality &                                                                                                                                               Management
                                                                                                                       ment
              Customer
                                                                                                                   Management
                Care
                                                                                                                                                                        Sharia
                                                                                                                                                                      Commercial
                                                                                                                                                                      Monitoring &
                                                                                                                                                                      Restruct RM
 Note:
                                                                                                                                                                                 M
                                                                                                                                                                        Sharia
  N New                                                                                                                                                                Assistant
                                                                                                                                                                      Commercial
                                                                                                                                                                      Monitoring &
 M Modify                                                                                                                                                             Restruct RM




 Vision and Mission of Sharia                                                                          2. Developing human capital of high quality and
 Business Unit                                                                                            integrity as well as implementing good Corporate
                                                                                                          Governance and Compliance;
 In conducting its operations, the UUS of the Company                                                  3. Increasing the competitive advantage with the latest
 lives up to the following Vision and Mission statements:                                                 information technology;
                                                                                                       4. Caring about the Social and Environmental interest.
 Vision
 “Becoming a leading Sharia Bank in housing financing
 and associated industry”.                                                                             Sharia Supervisory Board (DPS)

 Mission                                                                                               In order to ensure that the Sharia Financial Institution
 In achieving the vision above, the Company will                                                       (LKS) at the implementation level does not deviate
 undertake the following missions:                                                                     from sharia principles, in carrying out its activities the
 1. Providing innovative products, programs, and                                                       Company is supervised by the Sharia Supervisory Board
    featured services with a focus on housing financing                                                (DPS) which is tasked with supervising the interests of
    and associated industry with economical financing                                                  the Bank over the policies and management of the
    resources;




 782            PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                                                                2024
                                                                                                                                                        Annual Report




                                                M                                                                     N                                                          M
                    Sharia Information                                                   Sharia Operations &                                    Sharia Strategic,
                       Technology                                                        Asset Management                                      Finance & Treasury
                                                                                                                                                                                            KCS


              M                N                  N                N                 M                 N                                                   M
                                                                                                                            Sharia                                                      Sharia
  Sharia IT                                                                                 Sharia           Sharia       Consumer                                Sharia               Finance
                                                                          Sharia
  Strategic       Sharia Digital    Sharia IT         Sharia IT                           Financing        Commercial     Collection          Sharia             Strategic           Accounting
                                                                       Transaction
 Planning &       Development       Security          Operation                          Operation &          Asset       Recovery &         Treasury           Planning &            & General
                                                                        Operation
Development                                                                               Document         Management     Asset Sales                          Development             Support


              N                N                N                  N                 N                 M              M
                                                                                                             Sharia
                  Sharia Digital      Sharia           Sharia IT          Sharia            Sharia                                             Sharia             Sharia                 Sharia
Sharia Project                                                                                             Commercial     Sharia Early
                     Project         Security         Production         Business         Financing                                          Liquidity &         Strategic           Financial Adm
Management                                                                                                 Asset Sales      Bucket
                  Management       Policy & Dev         Service        Parameter (*)      Document                                              ALM              Planning              & Policy(*)
                                                                                                               RM
              M                N                N                  N                                   M              N
                  Sharia Digital   Sharia App         Sharia Infras       Sharia             Sharia           Sharia                        Sharia Money                                Sharia
Sharia Quality                                                                                                            Sharia Middle                           Sharia
                   Application       & Data             & Data          Settlement         Financing       Commercial                         & Capital                               Financial
 Assurance                                                                                                                   Bucket                             Compliance
                  Management       Protection           Center         Operation (*)     Administration    Asset Sales                         Market                                Reporting(*)
                                                                                                           Assistant RM
              M                N                N                  N                                   N                                                                     M
                                                                          Sharia            Sharia                                                                                       Sharia
   Sharia                             Sharia           Sharia IT                                                          Sharia Asset                            Sharia
                  Sharia Digital                                       Reconciliation     Third Party      Sharia Asset                                                                Financial
  Business                           Security           Service                                                              Sales                                Policy
                   Partnership                                             and           Management        Management                                                                Reconciliation
   Partner                          Operation          Operation
                                                                        Support (*)                          Support                                                                       &
                                                                                                                                        N                                            Controlling(*)
              N                                                    N
                                                                                     N                                       Sharia
                                                         Sharia                                                            Consumer
  Sharia IT                                                               Sharia
                                                      Service Desk                                                         Financing                                                    Sharia
  Core Dev                                                               Channel
                                                          Mgn                                                               Restruct                                                    Human
                                                                       Operation (*)
                                                                                                                                                                                        Capital
              N
  Sharia IT                                                                                                                  Sharia
Non Core Dev                                                                                                               Collection                                                   Sharia
                                                                                                                            Support                                                  Procurement
                                                                                                                                                                                      & General
                                                                                                                                                                                        Service




    Board of Directors to comply with Sharia Principles and                                            Appointment of The Sharia Supervisory
    is responsible for such supervision, as well as directing,                                         Board (DPS) Members
    monitoring, and evaluating the implementation of Sharia
    Governance including the implementation of sharia risk                                             A member of the Sharia Supervisory Board must possess
    management, sharia compliance, and integrated sharia                                               several relevant qualities, including:
    internal audits as well as the Bank’s strategic policies                                           1. Integrity, e.g.:
    related to the implementation of Sharia Principles, in                                                a. Good personality and morals.
    accordance with the provisions of laws and regulations,                                               b. Legally competent.
    articles of association, and/or decisions of the GMS.                                                 c. Committed to complying with and practicing the
    (Article 20 paragraph (1) and (3) POJK No. 2 of 2024                                                      Sharia Supervisory Board Charter, sharia banking
    concerning the Implementation of Sharia Governance                                                        provisions, and other prevailing regulations in a
    for Sharia Commercial Banks and Sharia Business Units).                                                   professional manner.




                                                                                                                      PT Bank Tabungan Negara (Persero) Tbk                               783
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                                                   Corporate
                                                   Governance




   d. Committed to the development of healthy and               2. In case a member of the Remuneration and
       solid sharia banking.                                        Nomination Committee has a conflict of interest
   e. Unlisted in the fit and proper no-pass list as set            with a candidate for the DPS member, the reason
       forth in the terms of fit and proper test regulated          for disagreement must be disclosed in the
       by the Financial Services Authority (OJK).                   recommendation.
   f. Never       been    committing       fraud    (scam,      3. From this recommendation, the Board of
       embezzlement, and/or other fraudulent conduct)               Commissioners via the Board of Directors proposes
       in banking, finance, and other areas of business,            the candidate to National Sharia Council –
       nor prosecuted for criminal acts (as evidenced               Indonesian Ulema Council.
       by a statement from the person concerned).               4. DSN-MUI determines whether to approve or
2. Competence; at least possessing related knowledge                disapprove of the prospective candidates proposed
   and experience in Sharia Economic Law as proven                  by the Board of Directors.
   with approval/recommendation letter from DSN-MUI,            5. The Board of Directors must submit an approval
   and general knowledge in banking and/ or financial               request to Financial Service Authority (OJK) for the
   sector. To improve their competency, the DPS                     prospective candidate.
   members must be willing to continuously develop              6. OJK approves or disapproves of the prospective
   through education and training. This includes an                 candidates.
   induction program as a medium of learning about              7. The candidate who has received approval from
   the Company in a relatively brief time to carry out              DSN-MUI and FSA is appointed in the GMS.
   their duties effectively and efficiently                     8. Such an appointment before obtaining approval
3. Reputation; within at least 5 (five) years before being          from the Financial Service Authority (OJK) must be
   nominated and during their term of office:                       reported by the Company to OJK no later than 10 (ten)
   a. Unlisted in the blacklist and non-performing list             calendar days following the date of appointment.
       managed by Financial Services Authority (OJK).           9. The candidate whose the position has yet to be
   b. Having never been declared bankrupt.                          effective has not yet assumed their duties and
   c. Having never been a shareholder, commissioner,                responsibilities as a DPS member and is unable to
       or director of a company and/or manager of                   make legally binding decisions. Consequently, they
       a business entity declared guilty of causing a               are not entitled to the rights and obligations of a DPS
       company and/or a business entity to be declared              member.
       bankrupt.                                                10. In the event that DPS members are not appointed by
   d. Having never been convicted due to a criminal                 the GMS within a period of 3 (three) months from the
       offense against state finances and/or associated             date in question, it becomes invalid.
       with the financial sector.
   e. Having never been a director or commissioner
       whom while holding the position do the following:        Structure, Number, and Composition
       1) failed to conduct the annual GMS.                     of Sharia Supervisory Board
       2) whose accountability as such director and/
           or commissioner was once unacceptable to             The appointment of the Company’s Sharia Supervisory
           a GMS.                                               Board has been based on the requirements of the Sharia
       3) caused an OJK-licensed, approved, or                  Supervisory Board in accordance with OJK Regulation
           registered company to fail to meet the               Number 2 of 2024 concerning the Implementation of
           obligation of submitting the annual report           Sharia Governance for Sharia Commercial Banks and
           and/ or financial statement to the OJK.              Sharia Business Units, namely that members of the Sharia
                                                                Supervisory Board must have integrity, competence and
                                                                good reputation.
Procedure Appointment of Sharia
Supervisory Board (DPS) Members                                 The composition of the DPS membership as regulated in
                                                                the Supervisory Board Charter is as follows:
The Sharia Supervisory Board (DPS) member is                    1. DPS must consist of at least 2 (two) people and 3
appointed through the following stages:                             (three) people at most.
1. The Remuneration and Nomination Committee                    2. DPS is chaired by a chairperson appointed from one
   recommends member candidates to the Board of                     of its members.
   Commissioners.                                               3. DPS members are appointed by GMS.




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Changes and Composition of the                              Work Guidelines, Duties, and
Sharia Supervisory Board in 2024                            Responsibilities of Sharia Supervisory
                                                            Board
Information regarding the Changes and Composition
of the Sharia Supervisory Board can be seen in the          DPS has a Sharia Supervisory Board Charter which was
Company Profile Chapter in the Profile of the Company’s     ratified through the Decree of the Sharia Supervisory
Sharia Supervisory Board section in this Annual Report.     Board No. 03/DPS-BTN/VII/2024 dated July 19, 2024. The
                                                            Sharia Supervisory Board Charter is prepared based on
                                                            sharia principles, provisions of the Articles of Association,
Profile of Sharia Supervisory Board                         applicable laws and regulations, Shareholder directions
                                                            and best practices. Good Corporate Governance.
Information regarding education, work experience,
DPS appointment period, concurrent positions, and           The Charter serves as the guidelines for DPS in
affiliations is available in the Chapter of Company         performing its duties in a more organized and effective
Profile in the Profile section of the Company’s Sharia      manner. Below is the content of the charter:
Supervisory Board in this Annual Report.

                                                                           General Provisions, Purpose of Charter
                                                            Chapter I      Establishment
Term of Office of Sharia
                                                            Chapter II     DPS Duties, Responsibility, and Authority
Supervisory Board
                                                            Chapter III    Membership and Composition of the Board
1. The term of office of DPS members must be
   determined to be no longer the same as the term of       Chapter IV     Remuneration and Facilities, Meeting, Minutes

   office of members of the Board of Commissioners.
                                                                           Supporting Work Unit for the Implementation
2. The Bank stipulates in its articles of association       Chapter V      of DPS Duties and Responsibilities
   regarding:                                                              Others
                                                            Chapter VI
   a. the term of office of DPS members starting from
        the effective date of the appointment of DPS
        members by the GMS; and
   b. other conditions in fulfilling the position of DPS    Duties and Responsibilities of Sharia
        members.                                            Supervisory Board
3. DPS members serve for a certain period of time and
   may be reappointed after obtaining approval from         The Sharia Supervisory Board is responsible to provide
   the GMS, for a maximum of 2 (two) consecutive            advice and suggestion to the Director of UUS and to
   terms of office.                                         monitor UUS activities so as to remain in accordance
4. DPS members who have served for 2 (two)                  with sharia principles. The duties and responsibilities of
   consecutive terms of office may be reappointed for       DPS include:
   the next period as DPS members by considering:           1. Conduct supervision for the interests of the Bank
   a. results of the DPS member performance                     on policies and the management of the Board of
        assessment;                                             Directors to ensure that they are in accordance
   b. results of external reviews related to the                with Sharia Principles and are responsible for such
        implementation of DPS member duties; and                supervision, and provide advice to the Board of
   c. statements by DPS members in the GMS regarding            Directors including providing sharia opinions related
        the independence of the person concerned.               to the Bank’s activities.
        (Article 14 paragraph (1) to (4) OJK Regulation 2   2. Direct, monitor, and evaluate the implementation
        of 2024)                                                of Sharia Governance including the implementation
                                                                of sharia risk management, sharia compliance, and
                                                                integrated sharia internal audits as well as the Bank’s
                                                                strategic policies related to the implementation of
                                                                Sharia Principles, in accordance with the provisions
                                                                of laws and regulations, articles of association, and/
                                                                or decisions of the GMS.




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3.   Assess and ensure compliance with Sharia Principles             b. Analyze reports submitted by and/or requested
    on operational guidelines and Sharia-related                        from the Board of Directors, implementation
    products issued by the Bank;                                        of internal audit functions and/or compliance
4. Supervise the Bank’s new Sharia-related product                      functions       to   determine    the    quality   of
    development process to ensure that it is in                         implementation of Sharia Principles for fund
    accordance with the DSN-MUI fatwa;                                  raising and fund distribution activities and Bank
5. Provide sharia opinions on new products and/or                       service provision;
    restructured financing related to Sharia by referring,           c. Set the number of transaction spot checks
    among others, to the DSN-MUI fatwa and provisions                   (sample) to be examined in view of sharia
    governing the implementation of Sharia Principles                   principles implementation quality of each
    and UUS business activities;                                        activity.
6. Request a fatwa from DSN-MUI for new Sharia-                      d. Examine         the    spot-checked      transaction
    related Bank products for which there is no fatwa;                  document (sample) to acknowledge compliance
7. Conduct periodic reviews of the fulfillment of Sharia                with sharia principles as required in the internal
    Principles for the mechanism of fund collection and                 policies, including:
    distribution of funds and Bank service provision;                   - The document of goods purchasing for
8. Request data and information related to Sharia                           the murabahah contract as proof of the
    aspects from Bank work units that carry out and/                        murabahah transaction.
    or are related to Sharia activities in the context of               - The document of customer business report
    carrying out their duties;                                              for the mudharabah/musyarakah contract
9. Carry out duties and responsibilities in accordance                      as a basis for yielding distribution calculation.
    with the principles of Good Governance (GCG);                       — Availability of ownership documents for the
10. Supervise the development of new Sharia-related                         goods being rented, for contracts related
    Bank products:                                                          to renting, including: ijarah contracts,
    a. Request for clarification from the Board of                          ijarah muntahiya bi al tamlik contracts and
        Directors and/ or relevant Company officials                        musyarakah mutanaqishah contracts, as
        regarding the objectives and characteristics of                     evidence of the fulfillment of the pillars and
        the new products to be promoted.                                    conditions of ijarah.
    b. Ensure the availability of fatwa from DSN-MUI for             e. Conduct inspections, examinations, requests
        the new products:                                               for information and/or confirmation to UUS
        1) In the case that the fatwa is available, DPS                 employees and/or customers to strengthen the
            shall tailor the contract of such products with             results of document examinations as referred to
            the fatwa.                                                  in point 11.3, if necessary;
        2) In the case the fatwa is not yet available, DPS           f. Review the internal sharia policy in case of
            shall propose to the Board of Directors to                  inconsistency between the principle and the
            complement the new product with a fatwa.                    activity.
    c. Review the suitability of the system and                      g. Provide advice on sharia over the fundraising
        procedures of the new products to be promoted                   and distribution as well as banking services by
        in compliance with sharia principles.                           UUS.
    d. Provide advice on sharia over the new products.               h. Report the DPS supervision result to OJK using
    e. Evaluate the compliance with sharia principles                   an established format at least 2 (two) months
        over the policies and procedures to manage risks                following the end of each semester.
        inherent in the Company’s new products and/ or               i. Provide sufficient time to best perform their
        activities.                                                     duties and responsibilities.
11. Supervising the UUS activities.                              12. Bank Risk Management:
    a. Conduct supervision of the Board of Directors’                a. Conduct an evaluation (review) of UUS risk
        follow-up on audit findings or examinations                     management policies related to compliance
        and recommendations from the Bank’s                             with sharia principles at least 1 (once) a year.
        internal audit work unit, external auditors, the             b. Carry out evaluate the responsibility of the
        results of supervision by the Financial Services                Board of Directors for the implementation of risk
        Authority, and/or the results of supervision by                 management policies related to compliance
        other authorities and institutions, related to the              with sharia principles at least on a quarterly
        implementation of Sharia Principles.                            basis.




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Concurrent Position Policy of Sharia Supervisory Board

DPS members are prohibited from holding concurrent positions:
1. As a member of the board of directors, member of the board of commissioners, or executive officer at a financial
   institution or financial company, either a bank or non-bank;
2. As a member of the DPS at more than 1 (one) other Bank;
3. As a member of the Sharia Supervisory Board at more than 2 (two) financial institutions other than Banks;
4. As a member of the board of directors, member of the board of commissioners, sharia supervisor, or executive
   officer at more than 1 (one) non-financial institution or company, whether domiciled in or outside the country.
5. In the field of functional duties at a bank financial institution and/or non-bank financial institution domiciled in or
   outside the country;
6. As a public official;
7. In other positions that may give rise to a conflict of interest in carrying out duties as a member of the DPS; and/or
8. In other positions in accordance with statutory provisions.



                                                         Position at other companies/            Name of the other
                 Name                       Position
                                                                  Institutions                  company/ institution

                                          Chairman of
 Prof. Dr. H. Muhammad Quraish            Sharia
                                                         Ketua DPS                           CIMB Niaga
 Shihab, M.A.                             Supervisory
                                          Board

                                                         Member of Sharia
                                          Member of                                          OCBC NISP
                                                         Supervisory Board
 H. Mohammad Bagus Teguh Perwira,         Sharia
 Lc., M.A.                                Supervisory
                                                         Chairman of Sharia                  Manulife Aset Manajemen
                                          Board
                                                         Supervisory Board                   Indonesia

                                                         Member of Sharia                    PT Indomobil Multi Finance
                                          Member of
                                                         Supervisory Board                   Indonesia Syariah
                                          Sharia
 Muhammad Faiz, Lc., M.A.
                                          Supervisory
                                                         Member of Sharia                    PT Bank Tabungan Pensiunan
                                          Board
                                                         Supervisory Board                   Nasional (BTPN) Syariah




Management of Conflict of Interest In                          1. Make a written report submitted to the Board of
Sharia Supervisory Board                                          Commissioners on any potential or actual conflicts of
                                                                  interest which significantly influence the Company’s
The Sharia Supervisory Board members must avoid                   finance and the reputation of the Company, the
or prevent any potential conflict of interest. In case of         Board of Commissioners, DPS, and the Board of
conflict of Interests, they are prohibited from taking            Directors.
any action that could harm or reduce the profit of the         2. Not participate in the assessment process on any
Company. They must also disclose such a situation in              activities inflicting such conflicts of interest.
every decision and inform the Board of Commissioners.          3. Participate in meetings, but not in the decision-
                                                                  making.
The Sharia Supervisory Board members are subject
to any regulations on conflict of interests and other
regulations applicable to the Company. Whenever
encountering conflict of interest, DPS members shall:




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Share Ownership of the Sharia Supervisory Board


                                                                                      Shareholding

               Name                        Position                                             Non-Bank
                                                                                 Other                            Other
                                                               Bank BTN                         Financial
                                                                                 Banks                          Companies
                                                                                               Institutions

 Prof. Dr. H. Muhammad Quraish        Chairman                     Nil              Nil              Nil              Nil
 Shihab, M.A.

 H. Mohammad Bagus Teguh Perwira,     Member                       Nil              Nil              Nil              Nil
 Lc., M.A.

 Muhammad Faiz, Lc., M.A.             Member                       Nil              Nil              Nil              Nil




Implementation of DPS’s Activity Report                                 consensus. If deliberation is not achieved, decision-
                                                                        making at the DPS meeting is carried out based on
Sharia Supervisory Board Meeting Policy                                 the majority vote.
                                                                    7. Voting is generally carried out verbally, but under
The DPS meeting is a forum for deliberation between DPS                 certain conditions and according to mutual
members to discuss every strategic and operational                      agreement, voting can be carried out by closed
policy and decision in order to carry out the supervisory               letter.
function, provide advice and suggestions to the Board               8. DPS members who are present at the meeting but
of Directors and UUS management in the field of sharia                  are not in the meeting room at the time of decision-
to comply with sharia principles. In order to make                      making for some reason, then the relevant voting
decisions, the DPS can ask for consideration from the                   rights are considered blank/not giving voting rights.
DSN-MUI if necessary. The DPS meeting is held with the              9. Each DPS member who is present has the right to
following provisions:                                                   cast 1 (one) vote.
1. DPS meetings must be held periodically at least 1                10. DPS members who are unable to attend the DPS
    (one) time in 1 (one) month or 12 (twelve) times in 1               meeting must inform the DPS Chairperson of their
    (one) year. In certain situations and needs. DPS can                absence through the DPS Secretary.
    hold meetings more than 1 (one) time in one month.              11. Meetings are held at the Bank/UUS Head Office, but
2. DPS meetings are held if attended by the majority of                 with certain considerations and mutual agreement,
    DPS members, the implementation of DPS meetings                     meetings can be held at one of the branch offices
    must be attended by all DPS members physically at                   throughout Indonesia or outside the branch office.
    least 2 (two) times in 1 (one) year.                            12. Meetings can be held via teleconference technology
3. DPS meeting invitations can be made in writing or                    (each other can hear and see each other, each
    can be done via electronic media such as email,                     meeting participant can see and hear each other
    whatsapp and others. Invitations are sent to each                   directly and participate in the DPS meeting.
    DPS member no later than 5 (five) calendar days                 13. In certain conditions where it is not possible to hold a
    before the DPS meeting is held. If there is an urgent               DPS meeting, then DPS decisions can be submitted in
    need, invitations can be made 3 (three) calendar                    writing by means of circulation.
    days before the DPS meeting is held.                            14. All DPS decisions stated in the minutes of the
4. DPS must prepare a DPS meeting schedule for                          meeting are joint decisions and are binding on all
    the following financial year before the end of the                  DPS members.
    financial year.                                                 15. Differences of opinion (dissenting opinions) that
5. DPS meetings must be held in the territory of                        occur in DPS meetings must be clearly stated in the
    Indonesia, but if they are held outside the territory of            minutes of the meeting along with the reasons for
    Indonesia, the meeting decision is considered valid                 the differences of opinion.
    only if attended by all DPS members.                            16. The results of DPS meetings must be stated in the
6. Decision-making at the DPS meeting must first                        minutes of the meeting and properly documented.
    be carried out based on deliberation to reach




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Internal Meeting Of The Sharia Supervisory Board


 No.         Date                          Meeting agenda                                  Participant               Attendance

  1.   January 8, 2024     • Progress of Spin Off UUS BTN                          Prof. Dr. H. Muhammad Quraish    present
                                                                                   Shihab, M.A.

                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 2.    February 21, 2024   • Sharia Securities (SUKUK) Assignment Transaction      Prof. Dr. H. Muhammad Quraish    present
                             Mechanism                                             Shihab, M.A.
                           • Flow and Approval of Charity Funds
                           • UUS Performance in January 2024                       H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 3.    March 18, 2024      • UUS Performance in February 2024                      Prof. Dr. H. Muhammad Quraish    present
                           • Cash Waqf Linked Deposit (CWLD)                       Shihab, M.A.
                           • Auction of Goods Stored in Safe Deposit Box (SDB)”
                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 4.    April 25, 2024      • Feature Development: Deposit without Bill             Prof. Dr. H. Muhammad Quraish    present
                           • UUS Performance in March 2024                         Shihab, M.A.

                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 5.    May 29, 2024        • Implementation of Revenue Recording and               Prof. Dr. H. Muhammad Quraish    present
                             Distribution of Sukuk Profit Sharing                  Shihab, M.A.
                           • Restructuring with Tiered Installments
                           • Addition of Gold Conversion Services to Gold          H. Mohammad Bagus Teguh          present
                             Savings                                               Perwira, Lc., M.A.
                           • DPS Charter
                           • Performance of UUS BTN April 2024                     Muhammad Faiz, Lc., M.A.         present

 6.    June 19, 2024       • UUS BTN Performance Highlights May 2024               Prof. Dr. H. Muhammad Quraish    present
                           • Pre-Realization Costs Enter Ceiling for Murabahah,    Shihab, M.A.
                             Istishna and Musyarakah Mutanaqisah Contracts
                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 7.    July 26, 2024       • New Bancassurance Partner                             Prof. Dr. H. Muhammad Quraish    present
                           • Report on Charity Funds for Quarter II of 2024        Shihab, M.A.
                           • Highlights of BTN UUS Performance in June 2024
                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 8.    August 21, 2024     • UUS BTN Performance Highlights July 2024              Prof. Dr. H. Muhammad Quraish    present
                           • The Role of Sharia Risk Management in Supporting      Shihab, M.A.
                             Sustainable Business Growth
                                                                                   H. Mohammad Bagus Teguh          present
                                                                                   Perwira, Lc., M.A.

                                                                                   Muhammad Faiz, Lc., M.A.         present

 9.    September 27,       • Mechanism       for   Imposing    Fines/Ta’zir  on    Prof. Dr. H. Muhammad Quraish    present
       2024                  Commercial Financing                                  Shihab, M.A.
                           • Life Insurance Using Ciputra Life
                           • Changes      in   the   Provisions   on    Savings    H. Mohammad Bagus Teguh          present
                             Administration Fees with Mudharabah Contracts         Perwira, Lc., M.A.
                           • Highlights of BTN UUS Performance in August 2024
                           • Acquisition Process of Sharia Commercial Banks        Muhammad Faiz, Lc., M.A.         present

 10.   October 29, 2024    • Transfer of Financing from UUS to BUS in the          Prof. Dr. H. Muhammad Quraish    present
                             context of Spin Off                                   Shihab, M.A.
                           • MMQ and Istishna Contracts for the KPR Zero
                             Program Feature on KPR Indent iB and BTN iB           H. Mohammad Bagus Teguh          present
                             Property Financing                                    Perwira, Lc., M.A.
                           • Conversion of Murabahah Contract Customers to
                             MMQ/IMBT Contracts                                    Muhammad Faiz, Lc., M.A.         present
                           • UUS Performance Highlights September 2024
                           • Submission of DPS Opinion
                           • Report on Charity Funds for Quarter III of 2024




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 No.           Date                          Meeting agenda                                 Participant             Attendance

  11.   November 19, 2024   • Recovery Plan Announcement                            Prof. Dr. H. Muhammad Quraish   present
                            • BTN UUS Performance Highlights October 2024           Shihab, M.A.
                            • Expansion of BTN iB Sejahtera KPR Product Contract
                              Using Musyarakah Mutanaqisah Contract                 H. Mohammad Bagus Teguh         present
                            • Recruitment of Non-Muslim Human Resources             Perwira, Lc., M.A.
                              (SDI)
                            • DPS Work Plan for 2025                                Muhammad Faiz, Lc., M.A.        present

  12.   December 20, 2024   • Highlights of BTN UUS Performance November            Prof. Dr. H. Muhammad Quraish   present
                              2024                                                  Shihab, M.A.
                            • Disbursement of Indent Mortgage Products Using
                              the Istishna Agreement Disbursed 100% in Advance      H. Mohammad Bagus Teguh         present
                              to Developers and Financing Agreements for            Perwira, Lc., M.A.
                              Indent Mortgage Products Using the MMQ
                              Agreement                                             Muhammad Faiz, Lc., M.A.        present




Joint Meeting of The Board of Directors With The Sharia Supervisory Board

Throughout 2024, the Board of Directors held a Joint Board of Directors Meeting with the Sharia Supervisory Board
initiated by the Board of Directors 3 (three) times. In detail, the following table shows the Joint Board of Directors
Meeting with the Sharia Supervisory Board.



 No.     Meeting Date                        Meeting agenda                                 Participant             Attendance

  1.    April 25, 2024      Compliance Director Coordination Meeting with           Prof. Dr. H. Muhammad           Hadir
                            Sharia Supervisory Board                                Quraish Shihab, M.A.
                            1. Submission of Performance Review of UUS BTN
                               performance until December 2023;
                                                                                    H. Mohammad Bagus Teguh         Hadir
                            2. Follow-up of the agreement of the previous
                                                                                    Perwira, Lc., M.A.
                               coordination meeting on September 1, 2023;
                            3. The results of DPS supervision activities
                               through the petik test conducted until               Muhammad Faiz, Lc., M.A.        Hadir
                               December 2023 at the Syariah Branch Office;
                            4. Submission of POJK Sharia Governance

  2.    August 12, 2024     a.   DPS Supervisory Activities in the first semester   Prof. Dr. H. Muhammad           Hadir
                                 of 2024;                                           Quraish Shihab, M.A.
                            b.   Sharia Opinion in 2024;
                            c.   Sharia Petition Test Results Semester 1 Year       H. Mohammad Bagus Teguh         Hadir
                                 2024;                                              Perwira, Lc., M.A.
                            d.   DPS Work Plan for 2024;
                            e.   Implementation of POJK 2 Year 2024.                Muhammad Faiz, Lc., M.A.        Hadir

  3.    December 16, 2024   a.   DPS Supervisory Activities Semester 2 Year         Prof. Dr. H. Muhammad           Hadir
                                 2024;                                              Quraish Shihab, M.A.
                            b.   DPS Opinion Semester 2 Year 2024;
                            c.   Sharia Petik Test Results Semester 2 Year 2024;    H. Mohammad Bagus Teguh         Hadir
                            d.   DPS Work Plan for 2025.                            Perwira, Lc., M.A.

                                                                                    Muhammad Faiz, Lc., M.A.        Hadir



Meeting of The Board of Commissioners with The Sharia Supervisor Board

Based on OJK Regulation No. 2 of 2024 dated February 16, 2024, regarding the Implementation of Sharia Governance
for Sharia Commercial banks and Sharia Business Units, Article 31 paragraph (3), banks are required to hold meetings
between the Sharia Supervisory Board and the Board of Commissioners at least once every four (4) months. The
Board of Commissioners and the Sharia Supervisory Board have agreed that these meetings will be held at least once
every four (4) months upon invitation from the Board of Commissioners. However, if necessary, the meetings may be
conducted at any time, initiated by either party or both parties.




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These meetings are conducted under the Guidelines and Code of Conduct for the Board of Commissioners and the
Charter of the Sharia Supervisory Board.


Realization of the Meetings between the Board of Commissioners and the Sharia Supervisory Board
Throughout 2024, the Board of Commissioners held meetings with the Sharia Supervisory Board 3 (three) times. Below
is a detailed table of the meetings between the Board of Commissioners and the Sharia Supervisory Board.

Table of Meetings Between the Board of Commissioners and the Sharia Supervisory Board

 No.      Meeting Date                          Meeting agenda                                        Peserta                Kehadiran


  1.       April 30, 2024      Implementation of OJK Regulation Number 2 of 2024            Prof. Dr. H. Muhammad Quraish   present
                               on the Application of Sharia Governance of Sharia            Shihab, M.A.
                               Commercial Banks and Sharia Business Units
                                                                                            H. Mohammad Bagus Teguh         present
                                                                                            Perwira, Lc., M.A.

                                                                                            Muhammad Faiz, Lc., M.A.        present

  2.      August 28, 2024      Supervisory Activities of the Sharia Supervisory Board       Prof. Dr. H. Muhammad Quraish   present
                               on Policies and Implementation of Sharia Principles          Shihab, M.A.
                               as of Semester I of 2024
                                                                                            H. Mohammad Bagus Teguh         present
                                                                                            Perwira, Lc., M.A.

                                                                                            Muhammad Faiz, Lc., M.A.        present

  3.    December 18, 2024      1. Supervisory Activities of the Sharia Supervisory          Prof. Dr. H. Muhammad Quraish   present
                                  Board on Policies and Implementation of Sharia            Shihab, M.A.
                                  Principles as of Q3 2024 and Projections through
                                  Q4 2024                                                   H. Mohammad Bagus Teguh         present
                               2. Supervision Plans of the Sharia Supervisory Board         Perwira, Lc., M.A.
                                  for the Sharia Business Unit of PT Bank Tabungan
                                  Negara (Persero) Tbk for 2025                             Muhammad Faiz, Lc., M.A.        present



Frequency and Attendance of Meetings


                                         Joint Meeting with UUS         Joint Meeting of the Board of           Joint Meeting of the Board of
                                             Management                          Directors                             Commissioners

                                     Attendance Number and                 Jumlah dan Persentase                  Jumlah dan Persentase
                                           Percentage                           Kehadiran                              Kehadiran
       Name           Position

                                 Number                        Number                        Number
                                         Number of                     Number of                     Number of
                                   of                            of                            of
                                         Attendance Percentage         Attendance Percentage         Attendance Percentage
                                 Meeting                       Meeting                       Meeting



 Prof.
 Dr.H.Muhammad
                 Chairman           12           12         100%          3             3            100%        3           3         100%
 Quraish Shihab,
 M.A.

 H. Mohammad
 Bagus Teguh          Member        12           12         100%          3             3            100%        3           3         100%
 Perwira, Lc., M.A.

 Muhammad Faiz,
                Member              12           12         100%          3             3            100%        3           3         100%
 Lc., M.A.



Frequency and Procedures of Advice-Giving Supervision of Sharia Principle Implementation in the
Capital Market for Issuers or Public Companies

In providing advice and suggestions as well as supervising the fulfillment of sharia principles, the Sharia Supervisory
Board carries out this through the issuance of fatwas, opinions, periodic reviews and meetings with the Board of
Commissioners and/or Directors and coordinating with the relevant Divisions.




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Throughout 2024, DPS has issued 27 (twenty seven)
                                                                           No.       Date                       Opinion
Sharia Supervisory Board Opinions. These DPS opinions
were issued in response to the development of UUS BTN's                                          Internal Material on the Internal
business so that it continues to run in accordance with                                          Control System for Financial Reports
                                                                                 December 9,
                                                                           21                    in General Policy Number KU.7
Sharia Principles.                                                               2024
                                                                                                 Concerning the Internal Control
                                                                                                 System

                                                                                                 Announcement of General Policy
                                                                                 December 20,
No.         Date                       Opinion                             22                    No. KU.1 concerning Bank Loan or
                                                                                 2024
                                                                                                 Financing
       February 21,      Securities Assignment Transaction
  1.                                                                                             Announcement of Special Policy
       2024              Mechanism (Sukuk)                                       December 20,
                                                                           23                    No. KK.8-J on Risk Management
                                                                                 2024
                         Flow and Approval of Benevolent                                         Procedures
       February 21,
 2.                      Funds or Funds That May Not Be
       2024                                                                                      Disbursement of Indent Mortgage
                         Recognized as Income (TBDSP Funds)                      December 20,
                                                                           24                    Using Istishna Contract is Disbursed
                                                                                 2024
 3.    March 18, 2024    Cash Waqf Linked Deposit (CWLD)                                         100%

                         Auction of Items Stored in Save                         December 20,    Use of BTN Retail Credit Risk Division
 4.    March 18, 2024                                                      25
                         Deposit Box (SDB)                                       2024            (RCRD) Organ

                         Response to Special Policy on                                           iB Multi-Benefit Financing
                                                                                 December 20,
                         Consumer Financing Procedures                     26                    (Murabahah) for Purchasing Grave
 5.    March 19, 2024                                                            2024
                         Subrogation, Novation Customer                                          Plots
                         Transfer, and Assignment
                                                                                                 Announcement of General Policy
                                                                                 December 20,
 6.    April 25, 2024    Deposit Without Bill                              27                    Number KU.2 on Treasury, Funding
                                                                                 2024
                                                                                                 and Product Delivery
                         Implementation of Revenue
 7.    May 29, 2024      Recording and Distribution of Sukuk
                         Profit Sharing

 8.    May 29, 2024
                         Restructuring with Graduated
                         Installments
                                                                          Performance Assessment of DPS
                         Addition of Gold Conversion Service
 9.    May 29, 2024
                         to Gold Savings
                                                                          Procedure of Performance Assessment of DPS

                         Pre-Realization Costs Become
                         a Component of the Financing
                                                                          Sharia Supervisory Board performance evaluation is
 10.   June 19, 2024
                         Ceiling for Murabahah, Istishna and              carried out for a period of 1 (one) year. In the first stage,
                         Musyarakah Mutanaqisah Contracts
                                                                          DPS members evaluate their performance using the self-
 11.
       September 27,     Life Insurance Using CIputra Life                assessment method. In the second stage, Remuneration
       2024              Products
                                                                          and Nomination Committee will discuss the results of the
       September 27,
                         Proposed Changes to the Mechanism                self-assessment and performance assessment of DPS
 12.                     for Imposing Ta'zir Fines on
       2024                                                               and use them as input to the Board of Commissioners to
                         Commercial Financing
                                                                          be subsequently determined by the Annual GMS.
                         Changes to the Mudharabah
       September 27,
 13.                     Savings Account Administration Fee
       2024
                         Provisions                                       Criteria of Performance Assessment of DPS
                         Addition of New Bancassurance
 14.   October 3, 2024
                         Partners                                         The DPS performance assessment is carried out by looking
                         MMQ and Istishna Contracts for the               at the implementation of DPS duties and responsibilities
 15.
       October 29,       Zero Mortgage Program Feature on                 during 2024 which consists of 3 aspects, namely:
       2024              BTN Inden iB Mortgage and BTN iB
                                                                          1. Aspect of Reporting;
                         Property Financing
                                                                          2. Aspect of Giving Consideration, Direction and
                         Conversion of Murabahah Contract
       October 29,                                                            Supervision of Sharia Principles; and
 16.                     Customers to MMQ and IMBT
       2024
                         Contracts                                        3. Aspect of Sharia Scientific Development.
       November 7,
 17.                     Mobile Banking
       2024                                                               Party Entitled to Conduct The Assessment
                         Initiation of the 2025 Recovery Plan of
       November 19,
 18.                     PT. Bank Tabungan Negara (Persero),              DPS conducted a self-assessment on its performance
       2024
                         Tbk
                                                                          in 2024 in the DPS internal meeting. The assessment
       November 19,
                         Expansion of the BTN iB Sejahtera KPR            is conducted by evaluating the achievement of
 19.                     Agreement using the Musyarakah
       2024                                                               DPS performance indicators throughout 2024. In
                         Mutanaqisah Agreement
                                                                          the evaluation process, DPS coordinates with the
       November 19,      Recruitment of Non-Muslim Human
 20.                                                                      DPS secretariat unit in terms of administration,
       2024              Resources (SDI)
                                                                          documentation and data so that the performance
                                                                          evaluation process can be carried out accurately.



792       PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                  Annual Report




Results of Performance Assessment of DPS

During 2024, DPS has carried out its duties and responsibilities well. In the Provision Aspect in 2024, DPS has reported on
the Supervisory Results Report of the Sharia Supervisory Board for Semester II of 2023 and Semester I of 2024 in a timely
manner. In the Provision of Consideration, Direction and Supervision of Sharia Principles Aspect, DPS has held 18 (eighteen)
DPS meetings, including 2 (two) meetings with the Enterprise Risk Management Division (ERMD), 3 (three) meetings with
the Board of Directors and 3 (three) meeting with the Board of Commissioners. DPS has issued 27 (twenty seven) sharia
recommendation opinions during 2024. For the Supervision Aspect, DPS has also conducted Sharia spot checks on the
operational activities of KCS in order to ensure the fulfillment of Sharia principles for the operations and business of UUS
BTN. The number of spot checks carried out was 13 (thirteen) KCS. In terms of the Sharia Scientific Development Aspect,
DPS has participated in a number of activities in order to improve competency related to the duties and responsibilities
of the Sharia Supervisory Board implemented by the Regulator, DSN-MUI or other educational institutions (both domestic
and foreign). This performance has met the requirements of the duties and responsibilities of the Sharia Supervisory
Board.



Remuneration and Other Facilities for DPS

The DPS Charter organizes the terms of salary or honorarium or remuneration and/or benefits for DPS members as
stipulated by GMS. In the event that the GMS delegates the Board of Commissioners to determine the amounts, the
decision will be made in the Board of Commissioners’ meeting by taking into account the recommendations from the
Remuneration and Nomination Committee.

Remuneration for Sharia Supervisory Board (DPS) in 2024

                                                                         Chairman                       Member
                     Types of Remuneration
                       and Other Facilities                                     In Million                        In Million
                                                                 Person                         Person
                                                                                 Rupiah                            Rupiah

 Remuneration

 Honorarium/Salary                                                   1              477             2                858

 Routine allowance (Tj. PPh21)                                       1              213             2                 311

 Holiday Allowance                                                   1               37             2                  67

 Performance Bonus                                                   1              190             2                 185

 Total of Remuneration (a)                                           1              916             2                1,421




 Post-Servise Insurance                                              1              210             2                245

 Transportation Allowance                                            1               30             2                 54

 Total of Other Facilities (b)

 Total Received (a) + (b)                                            1              240             2                299



Mechanism for The Resignation and Dismissal of Sharia Supervisory Board (DPS)
Members

The position in DPS shall be terminated if
1. A member’s term of office has been over in accordance with the Company’s Articles of Association.
2. A member resigns in compliance with the applicable provisions.
3. A member no longer satisfies the regulatory requirements.
4. A member passes away.
5. A member is dismissed based on the GMS decision.




                                                                           PT Bank Tabungan Negara (Persero) Tbk             793
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                                                    Governance




The mechanism for DPS member resignation is as                   Duties and Responsibilities of
follows:                                                         The UUS Director
1. A DPS member reserves the right to resign from their
    position by submitting notification in writing about         The Director of UUS manages UUS prudentially in
    their intent to the Board of Directors before his/her        accordance with the sharia principles by following
    resignation.                                                 the Company’s Article of Association and GCG best
2. The Company must announce this information                    practices.
    to the public and communicate this matter and
    propose the replacement candidate to OJK at least
    2 (two) working days after receiving the resignation         Head of Sharia Business Division
    letter and nominate replacement candidates for DPS
    members.                                                     In performing the operational activity, the Director of UUS
3. If the number of DPS members is less than the                 is assisted by the Head of the Sharia Business Division.
    minimum number as regulated in applicable                    Based on the Company’s Guidebook, below are the
    legislation following this resignation, the Company          duties and authorities of the Head of the Sharia Business
    must then appoint a new DPS member according to              Division:
    the relevant regulation.                                     1. Establishing a proposal of the work plan and budget
4. A DPS member who resigns before their term of office              (RKAP) on the corresponding field according to the
    ends must be held responsible for their tasks during             applicable terms.
    their active tenure, as reported in the incoming             2. Developing a strategic plan for the UUS.
    Annual GMS.                                                  3. Formulating policies relating to the UUS.
5. Any termination and/or resignation of DPS members             4. Ensuring the secretarial function of DPS.
    must be reported to OJK within 10 (ten) calendar             5. Ensuring the operation and performance of the UUS.
    days after the effective date of a termination and/or        6. Managing and controlling any risks existing within
    resignation.                                                     their professional context.
                                                                 7. Applying GCG in the respective unit.


Director of Sharia Business unit
(UUS) of the Company                                             Report on the Implementation of the
                                                                 Company’s UUS Activities
Director of Sharia Business unit (UUS) of the Company
The Company’s Sharia Business Unit (UUS) is led by the           Transparency of Financial and Non-Financial
Director of Sharia Banking who is fully responsible for          Conditions, GCG Implementation Reports and
the implementation of sharia business management                 Internal Reporting
prudentially in accordance with the sharia principles.
The appointment of the Director is based on integrity,           Throughout 2024, the Bank has published quarterly
competence, adequate financial reputation, experience            financial reports both through the website www.btn.
as a bank executive officer in bank’s operations, and            co.id and through newspapers, and reported them to
passing the fit and proper test as required in Bank              regulators in accordance with regulations and on time.
Indonesia Regulation No. 14/6/PBI/2012 on fit and proper         A recapitulation of the publication of quarterly financial
test in Sharia Banks and Sharia Business Units.                  reports through newspapers and online media is as
                                                                 follows:
Currently, the Director of UUS Perusahaan is held by Mr.
Hirwandi Gafar who was appointed based on the Board
of Directors meeting on December 3, 2019 and has                  Quarterly         Newspaper                 Date
obtained OJK approval through Letter number SR-6/
                                                                                Kontan
PB.1/2021 dated March 2, 2021, through Confirmation of            IV-2023       Bisnis Indonesia      February 12, 2024
                                                                                www.btn.co.id
the Appointment of the UUS Director of PT Bank Tabungan
Negara (Persero) Tbk. His brief profile is available in the       I-2024
                                                                                Bisnis Indonesia
                                                                                                      April 26, 2024
                                                                                www.btn.co.id
Company Profile Chapter in the Board of Directors Profile
section of this Annual Report.                                    II-2024       Bisnis Indonesia      July 26, 2024

                                                                  III-2024      www.btn.co.id         November 29, 2024




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List of Consultants, Advisors or the equivalent used by UUS Bank BTN

Based on the Cooperation Agreement document between UUS BTN and consultants related to activities and operational
activities at UUS BTN, throughout 2024 UUS BTN has collaborated with several consultants, namely:
1. Hajj Financial Management Agency (BPKH) for Increasing Regular Hajj Registration Through Optimization of Hajj
    and Umrah Guidance Groups (KBIHU) and Hajj Communities.
2. PT Infinetworks Global for providing SMS Gateway services.
3. PT Rintis Sejahtera for providing implementation services for the National Quick Response Code Standard (QRIS)
    Including QR Cross Border and Transfer Transactions, Cash Withdrawals and Cash Deposits (TUNTAS).


Number of Deviations (Internal Fraud) that Occurred and Settlement Efforts by UU

In order to reduce internal irregularities (internal fraud) committed by management, permanent and non-permanent
employees (honorary and outsourced) related to the work processes and operational activities of UUS Bank BTN which
significantly affect the performance conditions of UUS Bank BTN, UUS Bank BTN carries out various preventive measures
against the possibility of internal fraud committed by employees.


During 2024, irregularities/fraud related to UUS work processes and operational activities can be explained in the
following table:




                                                                  Number of frauds committed (Internal)

                                     Member of the Board
                                    of Commissioners and
      Internal Fraud                                                         Permanent Employee                  Non-Permanent Employee
                                    Member of the Board of
         in 1 year
                                          Directors

                                    Previous          Current year         Previous          Current year          Previous            Current year
                                   year (2023)          (2024)            year (2023)          (2024)             year (2023)            (2024)

 Total Fraud                              -                   -                   1                  4                   -                   -

 It has been resolved                     -                   -                   1                  4                   -                   -

 In the process of being
                                          -                   -                  -                   0                   -                   -
 resolved internally at UUS

 No solution has been
                                          -                   -                  -                   0                   -                   -
 attempted yet

 It has been followed up
                                          -                   -                  -                   0                   -                   -
 through the legal process

Note:
1.  The number of cases in the current year is based on the Special Audit Result Report for the period January to December 2024.
2.  The number of cases that have been “Resolved” are cases that have received a sanction decision from the Board of Directors until December 2024.
3.  The number of cases that are “In the process of being resolved internally at the bank” are cases that have not received a sanction decision from the
    Board of Directors until December 2024.
4.  The number of cases that “Have been followed up through the legal process” are cases that have had a Board of Directors Decision in the form of
    criminal sanctions (criminal reporting process by the Legal Division (LGD).




Number of Legal Problems and Settlement
                                                                                                                                      Amount
Efforts by UUS                                                                              Legal Issues
                                                                                                                               Civil      Criminal
Throughout 2024, civil and criminal legal issues faced by
UUS Bank BTN and which have been submitted through                              It has been completed (has
                                                                                                                                 7               1
                                                                                permanent legal force).
the legal process, are as follows:
                                                                                In the process of being resolved.                13              2

                                                                                Total                                           20               3




                                                                                            PT Bank Tabungan Negara (Persero) Tbk                    795
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                                                         Corporate
                                                         Governance




In resolving legal problems faced by UUS of Bank BTN,
                                                                        No.            Description              December 31, 2024
deliberation is always prioritized when facing disputes
with customers. However, if deliberation cannot resolve                           Other uses are for the
                                                                              C                                         446.449.151
the dispute, then UUS Bank and the customer agree to                              public interest
resolve the dispute using arbitration or through a judicial                   Total Usage                                  446.449.151
institution based on applicable laws and regulations
                                                                              Increase (Decrease) in Sources
and in accordance with Sharia Principles.                                4                                                 619.564.442
                                                                              of Benevolent Funds for Use

                                                                              Sources of Benevolent Funds
Non-Halal Income and Its use                                             5                                                1.086.950.101
                                                                              at the End of the Period

Non-halal income obtained includes, among other
things, fines or interest income from placements with                  Conduct a UUS GCG Self Assessment
Bank BTN (Parent) which are used as liquidity funds for
Sharia Branch Offices. The total income earned during                  In order to create a healthy, prudent and resilient sharia
2024 (in full Rupiah figures) is as follows:                           banking industry, Bank BTN as an entity operating in
                                                                       the banking sector, through its Sharia Business Unit, is
No.               Description            December 31, 2024             obliged to implement Good Corporate Governance
                                                                       and comply with Sharia Principles. Implementation
       Sources of Benevolent Funds at
  1.                                           467,385,659             of Good Corporate Governance (GCG) is an effort to
       the Beginning of the Period
                                                                       protect stakeholder interests and increase compliance
  2.   Receipt of Benevolent Funds
                                                                       with laws and regulations and ethical values generally
       A   Infaq                                          -            accepted in the sharia banking industry.
       B   Alms                                           -
                                                                       GCG implementation requires an assessment to see the
           Productive benevolence
       C                                                  -            extent of progress towards the GCG principles that have
           refunds
                                                                       been implemented by the Company. This assessment is
       D   Fine                               1,063,000,094
                                                                       also useful for ensuring continuous improvement in the
       E   Non-halal acceptance                   3,013,499            quality of GCG implementation in business processes.
       Total Receipts                         1,066,013,593            UUS Bank BTN has carried out a selfassessment in
                                                                       accordance with BI/OJK regulations which require the
  3.   Use of Benevolent Funds
                                                                       Bank to carry out its own assessment (internal self-
           Productive      Benevolent
       A                                                  -            assessment) on the implementation of GCG.
           Fund

       B   Donations                                      -            The results of the Bank BTN UUS self-assessment for the
                                                                       period January to December 2024 can be presented as
                                                                       follows:

                                                                                              Weight
No.                                          Factor                                                            Rating         Mark
                                                                                               (%)

  1.   Implementation of the duties and responsibilities of the Director in charge of UUS       0.35            1.00           0.35

  2.   Implementation of the duties and responsibilities of the Sharia Supervisory Board        0.20            1.00           0.20

       Implementation of Sharia Principles in fund-raising and fund-channeling activities
  3.                                                                                            0.10            2.00           0.20
       and services.

       Distribution of funds to core financing customers and storage of funds by core
 4.                                                                                             0.10            2.00           0.20
       depositors

       Transparency of Financial and Non-Financial Conditions, GCG Implementation
 5.                                                                                             0.25            2.00          0.50
       Reports and Internal Reporting

                                  Total Composite Value                                         1.00                           1.70

                                      Number Criteria                                                            2

                                         Predicate                                                             GOOD



Based on the results of the Self Assessment that we have conducted, the composite value of the Sharia Business Unit
of PT Bank Tabungan Negara (Persero) Tbk is 1.70 with a criterion of 2 and a predicate of “Good”, the composite value
is the same as the composite value of the previous year. This reflects that the Bank’s management has implemented




796        PT Bank Tabungan Negara (Persero) Tbk
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                                                                                              Annual Report




GCG which is generally quite good and consistent. This           implementing Risk Management for Return Risk,
is reflected in the adequate fulfillment of GCG principles.      considering that Returns are the result of all Sharia
If there are weaknesses in the implementation of GCG             Business Unit (UUS) business activities. The role of
principles, then in general these weaknesses can be              Business Unit Management, in this case the Treasury
resolved well by the Bank’s management.                          Department of the Sharia Business Unit (UUS), is to
                                                                 identify Return Risk on Risk resulting from changes
Implementation of Compliance with Sharia                         in the rate of return paid by the Bank to customers,
Principles                                                       due to changes in the rate of return received by
                                                                 the Bank from the distribution of funds, which can
Based on OJK Regulation Number 2 of 2024 dated                   influence behavior. Bank third party fund customers.
February 15, 2024, concerning the Implementation                 Return Risk Measurement is based on assessment
of Sharia Governance for Sharia Commercial Banks                 results using parameters/indicators, namely the
and Sharia Business Units, the Company through                   composition of third party funds, the bank’s strategy
the Board of Directors coordinates with the Sharia               and performance in generating profits/revenue as
Supervisory Board regarding the implementation of                well as the behavior of third party fund customers.
the compliance function towards Sharia Principles.               These three indicators are used by the Treasury
In 2024, coordination meetings between the Board of              Department Sharia Business Unit (UUS) in managing
Directors and the Sharia Supervisory Board were held 3           Return Risk. In order to monitor Yield Risk and ensure
(three) times to ensure that the implementation of the           that the returns given to customers are maintained,
supervision function towards compliance with sharia              the Sharia Banking Division (SHAD), in this case the
principles in the BTN Sharia Business Unit (UUS) both at         Treasury Department, manages policies related
the Head Office and Branch Offices has been carried              to special Financing Profit Sharing margins in
out properly by the Sharia Supervisory Board. Overall,           coordination with business units, in this case the
the implementation of the supervisory duties of the              Commercial Financing Department and Branch
Company’s Sharia Supervisory Board regarding the new             Offices. Sharia.
product development process and supervision of the            b. Investment Risk Management
Bank’s activities has been reported through the Sharia           Investment Risk is the risk resulting from the Bank
Supervisory Board Supervision Report per 6 (six) months,         sharing in the customer’s business losses financed
ending in June and December.                                     in profit sharing based financing, whether using
                                                                 the net revenue sharing method or using the
Sharia Business Unit Risk Management                             profit and loss sharing method. Investment Risk
Reporting                                                        Management is the management of financing risks
                                                                 provided on a Profit Sharing basis which is part of
In the 2024 period, UUS has submitted a Quarterly Risk           the Bank’s Risk Management Policy Guidelines for
Profile Report to OJK in accordance with the provisions,         Bank Sharia Business Units (UUS) and is prepared
namely as follows:                                               as part of the risk assessment process. Investment
1. 71/S/DIR/ERMD/I/2024 Submission of Risk Profile               Risk Exposure is monitored from the Financing
    Report of Bank BTN Sharia Business Unit for Quarter          granting process until the Financing maturity.
    IV/2023.                                                     Investment Risk Measurement uses parameters/
2. 485/S/DIR/ERMD/IV/2024 Submission of Risk Profile             indicators consisting of the composition and level
    Report of Bank BTN Sharia Business Unit for Quarter          of concentration of profit-sharing based financing,
    I/2024.                                                      the quality of profit-sharing-based financing and
3. 799/S/DIR/ERMD/VII/2024 Submission of Risk Profile            external factors. These three indicators are used
    Report of Bank BTN Sharia Business Unit for Quarter          by the Commercial Financing Department in the
    II/2024.                                                     Sharia Business Unit (UUS) in managing Investment
4. 1365/S/DIR/ERMD/X/2024 Submission of Risk Profile             Risk. Monitoring and controlling investment risk
    Report of Bank BTN Sharia Business Unit for Quarter          includes evaluating profit sharingbased financing
    III/2024.                                                    risk exposure against investment risk limits and
5. 80/S/DIR/ERMD/I/2025 Submission of UUS Bank BTN               reviewing Internal Credit Rating policies between
    Risk Profile Report for Quarter IV/2024.                     the Commercial Financing Department in the Sharia
                                                                 Business Unit (UUS) together with the Wholesale
In the Sharia Business Unit, reports for risk management         Credit Risk Division (WRD). Management of profit
are no different from conventional commercial banks,             sharing based financing is carried out by the
but 2 (two) types of risk are added, namely:                     Commercial Financing Department at the Sharia
a. Return Risk Management                                        Business Unit (UUS) and Sharia Branch Offices.
    Sharia Banking Division (SHAD) employees, including
    Bank business unit management, are part of



                                                                        PT Bank Tabungan Negara (Persero) Tbk    797
Page 367
                                                          Corporate
                                                          Governance




Public Company Governance
Implementation Guidelines

The Company always complies with applicable regulations in implementing GCG. It includes referring to the Public
Company Governance Guidelines stipulated in OJK Regulation No. 21/POJK.04/2015 and OJK Circular Letter No. 32/
SEOJK.04/2015 concerning Public Company Governance Guidelines. The POJK regulates 5 (five) aspects, 8 (eight)
principles, and 25 (twenty-five) recommendations for the implementation of aspects and principles of good corporate
governance. Until the end of 2024, the Company has implemented all recommendations in the regulation with the
following detailed information:



 No                     Aspects; Principles; Recommendations                                          Comply or Explain

 A.   Aspek 1 : Hubungan Perusahaan Terbuka Dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham.

      A.1.     Aspect 1: Relationship of Public Company with Shareholders in Guaranteeing the Rights of Shareholders

               A.1.1.   Recommendation 1 : Public Company has technical ways             a.   The voting procedure in making decisions
                                           or procedures for voting both in an                on a GMS agenda item is carried out by
                                           open and closed manner that prioritize             closed voting as stated in the GMS Rules
                                           independence and the interests of                  of Procedure which are disclosed to the
                                           shareholders.                                      public via the Company’s website.
                                                                                         b.   The voting procedure has maintained
                        Explanation        : Each share with issued voting rights has         the independence and freedom of
                                             one voting right (one share, one vote).          shareholders.
                                             Shareholders can exercise their voting
                                             rights during decision-making, especially   In 2024, the Company held an Annual GMS on
                                             in making decisions through voting.         March 6, 2024. All decisions were taken based
                                             However, the mechanism for decision-        on deliberation to reach consensus. In the
                                             making through voting, both in an           event that a decision based on deliberation
                                             open and closed manner, has not been        to reach consensus is not reached, a vote is
                                             regulated in detail. Public Companies       taken. Decisions are taken if approved by more
                                             are recommended to have a voting            than ½ (one half) of the total number of shares
                                             procedure in making decisions on an         with valid voting rights present at the meeting.
                                             agenda of the GMS. The voting procedure
                                             must maintain the independence or           Voting is carried out using the following
                                             freedom of shareholders. For ex-ample,      mechanism:
                                             voting is held openly by raising hands      a.   Shareholders or their proxies who abstain
                                             following the instructions offered by the        or disagree will be asked to raise their
                                             chairman of the GMS. Meanwhile, voting           hands and submit their voting cards to the
                                             in a closed manner is carried out on             officer.
                                             decisions that require confidentiality or        The Meeting Officer will collect voting cards
                                             at the request of shareholders by using          from shareholders or their proxies and then
                                             ballots or electronic voting..                   submit the voting cards to the Notary to be
                                                                                              counted.
                                                                                         c.   The number of abstentions and dissenting
                                                                                              votes is calculated with the valid votes cast
                                                                                              at the Meeting and the difference is the
                                                                                              number of affirmative votes.
                                                                                         d.   Shareholders with valid voting rights who
                                                                                              do not cast a vote (abstain) are deemed
                                                                                              to have cast the same vote as the majority
                                                                                              of shareholders who cast a vote.
                                                                                         e.   The notary will calculate and convey the
                                                                                              results of the voting on the proposed
                                                                                              Meeting decisions submitted.


                                                                                         Comply

               A.1.2.   Recommendation 2 : All members of the Board of Directors and     In organizing the GMS, the Company always
                                           the Board of Commissioners of Public          complies with all applicable provisions. During
                                           Company participate in the Annual GMS.        the implementation period of the Annual GMS
                                                                                         on March 6, 2024, all members of the Board
                        Explanation        : The presence of all members of the Board    of Directors and Board of Commissioners
                                             of Directors and members of the Board of    including members of the Audit Committee
                                             Commissioners of Public Company has         may attend the Annual GMS.
                                             an aim. It is to ensure that every member
                                             of the Board of Directors and members       Comply
                                             of the Board of Commissioners can pay
                                             attention, explain, and directly answer
                                             the problems that occur or the questions
                                             asked by shareholders related to the
                                             agenda in the GMS.




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                                                                                                         Annual Report




No                   Aspects; Principles; Recommendations                                        Comply or Explain

            A.1.3.   Recommendation 3 : A summary of GMS minutes is available        The Company provides a summary of the
                                        on the Website of the Public Company         minutes of the GMS in Indonesian and English
                                        for at least one (1) year.                   through the Company’s website www.btn.
                                                                                     co.id in the Investor Relations menu, as well
                     Explanation       : Based on the provisions in Article 34       as in print media and through the IDXnet and
                                         paragraph (2) of the Financial Services     OJK E-reporting electronic reporting systems,
                                         Authority Regulation Num-ber 32/            namely on March 7, 2024 for the 2023 Annual
                                         POJK.04/2014 concerning the Plan and        GMS.
                                         Implementation of the General Meeting
                                         of Shareholders of Public Companies,        Comply
                                         Public Companies are required to
                                         make a summary of GMS minutes in
                                         Indonesian and foreign languages (at
                                         least in English), and announced 2 (two)
                                         working days after the GMS is held to
                                         the public, one of which is through the
                                         Public Company Website. The availability
                                         of a summary of GMS minutes on the
                                         Public Company Website provides an
                                         opportunity for shareholders who are
                                         absent to easily and quickly obtain
                                         important information about the GMS
                                         implementation. Therefore, the provision
                                         on the minimum period of availability
                                         of a summary of GMS minutes on the
                                         Website is intended to provide sufficient
                                         time for shareholders to obtain such
                                         information.

     A.2.   Principle 2: Improving the Quality of Public Company Communication with Shareholders or Investors.

            A.2.1.   Recommendation 4 : Public     Company    possesses      a       The Company has a communication policy
                                        communication policy with Shareholders       with shareholders or investors referring to the
                                        or Investors.                                Investor Relations Policy which includes analyst
                                                                                     meetings, public exposes, investor meetings,
                     Explanation       : The    existence   of    communication      Annual Reports and so on.
                                         between the Public Company and
                                         shareholders or investors is intended for   Technical    Instruction Number   PT.9-AD.9
                                         the shareholders or investors to get a      concerning Bank Communication Management
                                         clearer understanding of the information    of PT Bank Tabungan (Persero) Tbk
                                         that has been published to the public,
                                         such as periodic reports, the disclosure    Comply
                                         of information, business conditions or
                                         prospects and performance, as well as
                                         the implementation of public company
                                         governance. In addition, shareholders or
                                         investors can also submit suggestions
                                         and opinions to the management of the
                                         Public Company. The communication
                                         policy with shareholders or investors
                                         shows      the    Public      Company’s
                                         commitment to communicating with
                                         shareholders or investors. The policy
                                         may include strategies, programs, and
                                         communication execution timing, as well
                                         as guidance that supports shareholders
                                         or investors to participate in such
                                         communications.



            A.2.2.   Recommendation 5 : The Public Company discloses the             The Company has disclosed its communication
                                        communication policy of the Public           policy with shareholders or investors on the
                                        Company       with  Sharehold-ers or         Company’s website (www.btn.co.id) Investor
                                        Investors on the Company Website.            Relations menu - Investor Relations Policy
                                                                                     Guidelines.
                     Explanation       : Disclosure of communication policy
                                         is a form of transparency on the            Comply
                                         commitment of the Public Company to
                                         providing equality to all shareholders or
                                         investors regarding the implementation
                                         of communication. The disclosure of
                                         information also aims to increase the
                                         participation and role of shareholders
                                         or inves-tors in implementing the Public
                                         Company communication program.




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No                      Aspects; Principles; Recommendations                                        Comply or Explain

B.    Aspect 2: Board of Commissioners’ Function and Role

      B.1.     Principle 3: Strengthening membership and composition of the Board of Commissioners

               B.1.1.   Recommendation 6 : Determination of the number of               The determination of the number of members
                                           members of the Board of Commissioners        of the Board of Commissioners has considered
                                           by considering the Public Company’s          the     Company’s      conditions     including
                                           condition.                                   characteristics, capacity, and size, as well as
                                                                                        the achievement of objectives and fulfillment
                        Explanation       : The number of members of the Board          of the bank’s business needs referring to the
                                            of     Commissioners        may    affect   provisions of the Regulator. The number of
                                            the effectiveness of the Board of           members of the Board of Commissioners
                                            Commissioners’ duties. The number of        is currently considered sufficient and in
                                            the Board of Commissioners members in       accordance with OJK Regulation Number 33/
                                            a Public Company must be determined         POJK.04/2014 concerning the Board of Directors
                                            by referring to the provisions of the       and Board of Commissioners of Issuers or
                                            applicable laws and regulations. The        Public Companies or equal to the number of
                                            Board of Commissioners members              members of the Board of Directors.
                                            consist of at least two people based on
                                            the requirements of the Financial Ser-
                                            vices Authority (FSA) Regulation Number     Comply
                                            33/POJK.04/2014 concerning the Board
                                            of Directors and Board of Commissioners
                                            of Issuers or Public Companies.
                                            In addition, it is also necessary to
                                            consider the condition of the Public
                                            Company. It includes characteristics,
                                            capacity, and size, as well as achieving
                                            goals and fulfilling different business
                                            needs     among      Public  Companies.
                                            However, if the number of the Board of
                                            Commissioners members is too large, it
                                            could interfere with the effectiveness of
                                            the implementation of the functions of
                                            the Board of Commissioners.

               B.1.2.   Recommendation 7 : Determination of the composition of          The composition of the members of the
                                           members of the Board of Commissioners        Board of Commissioners takes into account
                                           considering the diversity of expertise,      the diversity of expertise, knowledge and
                                           knowledge, and experience required.          experience required as disclosed in the
                                                                                        Diversity of the Composition of the Board of
                        Explanation       : The composition of the Board of             Commissioners section of this Annual Report.
                                            Commissioners is a combination of
                                            characteristics both in terms of the
                                            organs of the Board of Commissioners        Comply
                                            and members of the Board of
                                            Commissioners individually, following
                                            the needs of the Public Company.
                                            These characteristics can be reflected
                                            in the determination of the expertise,
                                            knowledge, and experience needed
                                            in implementing supervisory duties
                                            and providing advice by the Board of
                                            Commissioners of a Public Company.
                                            The composition that considers the
                                            needs of the Public Company is a positive
                                            matter, primarily related to decision-
                                            making in the context of implementing
                                            the supervisory function carried out by
                                            considering various broader aspects.




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No                   Aspects; Principles; Recommendations                                       Comply or Explain

     B.2.   Principle 4: Improving the Implementation Quality of Duties and Responsibilities of the Board of Commissioners.

            B.2.1.   Recommendation 8 : The Board of Commissioners has in           The Board of Commissioners has a self-
                                        place a Self- Assessment policy that        assessment policy as stated in the Joint
                                        assesses the perfor-mance of the Board      Decree on the Working Relations of the Board
                                        of Commissioners.                           of Commissioners and the Board of Directors of
                                                                                    the Company in the Joint Decree of the Board of
                     Explanation       : The Board of Commissioners’ self-          Commissioners No. 01/SKB/KOM/BTN/2024 and
                                         assessment policy is a guideline           the Board of Directors No. SKB-01/DIR-BTN/2024,
                                         used as a form of accountability for       Chapter V Performance Evaluation which is
                                         collegial assessment of the Board          described in the Board of Commissioners’
                                         of     Commissioners’      performance.    performance assessment section in this
                                         Selfassessment is intended to be           Annual Report and the Company’s website
                                         carried out by each member to assess       (www.btn.co.id) Investor Relations menu - GCG
                                         the implementation of the Board of         - Crossreference ASEAN CG Scorecard - SKB.
                                         Commissioners’ performance in a
                                         collegial manner. Self-assessment is       Comply
                                         not used to evaluate the individual
                                         performance of each mem-ber of
                                         the Board of Commissioners. With
                                         this self-assessment, each member
                                         of the Board of Commis-sioners is
                                         expected to improve the performance
                                         of the Board of Commissioners on an
                                         ongoing basis. The policy can include
                                         assessment activities carried out along
                                         with their purposes and objectives, the
                                         periodic implementation time, and the
                                         benchmarks or assessment criteria used
                                         following the recom-mendations given
                                         by the nomination and remuneration
                                         function of a Public Company. The
                                         existence of this function has been
                                         required in the Financial Services
                                         Authority   Regulation   Number     34/
                                         POJK.04/2014 concerning the Nomination
                                         and Remuneration Committee of Issuers
                                         or Public Companies.

            B.2.2.   Recommendation 9 : Self-Assessment   policies   assessing      The self-assessment policy for assessing the
                                        the performance of the Board of             performance of the Board of Commissioners
                                        Commissioners are to be disclosed           is disclosed in the Board of Commissioners
                                        through the Annual Report of the Public     performance assessment section of this
                                        Company.                                    Annual Report.
                     Explanation       : The disclosure of the self-assessment      Comply
                                         policy on the performance of the
                                         Board of Commissioners is carried out
                                         not solely to fulfill the transparency
                                         aspect as a form of accountability for
                                         implementing the board’s duties. In
                                         addition, it also provides assurance,
                                         especially to shareholders or investors,
                                         as at-tempts need to be made to
                                         improve the performance of the Board
                                         of Commissioners. With this disclo-
                                         sure, shareholders or investors know
                                         the check and balance mechanism
                                         for the performance of the Board of
                                         Commissioners.




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No               Aspects; Principles; Recommendations                                             Comply or Explain

        B.2.3.   Recommendation 10 : The Board of Commissioners has a policy          The Company has a policy in the Guidelines
                                     regarding the resignation of members of          and Work Procedures of the Board of
                                     the Board of Commissioners if involved in        Commissioners in the Decree of the Board of
                                     financial crimes.                                Commissioners Number 18/KOM/BTN/2024
                                                                                      regarding the resignation and dismissal of
                 Explanation        : The policy regarding the resignation of         members of the Board of Commissioners if they
                                      members of the Board of Commissioners           are involved in actions that are detrimental
                                      involved in financial crimes is a policy that   to the Company and/or the State and if the
                                      can increase the trust of stakeholders in       person concerned is found guilty by a court
                                      the Public Company, which will maintain         decision that has permanent legal force.
                                      the integrity of the Company. This policy
                                      is needed to help the legal process run         Comply
                                      smoothly so that the le-gal process
                                      does not interfere with the course of
                                      business activities. In addition, in terms
                                      of morality, this policy builds an ethical
                                      culture within the Public Company. The
                                      policy may be included in the Guidelines
                                      or Code of Ethics applicable to the
                                      Board of Commissioners. Furthermore,
                                      the status of a convict is given by the
                                      competent authority to a member of
                                      the Board of Commissioners who is
                                      involved in financial crimes. Financial
                                      crimes refer to manipulation and various
                                      forms of embezzlement in financial
                                      services activities and Money Laundering
                                      Crimes as referred to in Law Number 8
                                      of 2010 concerning the Prevention and
                                      Eradication of Money Laundering Crimes.

        B.2.4.   Recommendation 11 : The Board of Commissioners or                    The appointment and dismissal of the
                                     the Committee that performs the                  Company’s Board of Directors are carried out
                                     Nomination and Remuneration function             based on the principles of professionalism
                                     composed a Nomination succession                 and GCG. The Company is a State-Owned
                                     policy for members of the Board of               Enterprise (BUMN), therefore the Board of
                                     Directors.                                       Directors succession policy refers to the
                                                                                      Regulation of the Minister of State-Owned
                 Explanation        : Based on the provisions of the Financial        Enterprises No. PER-11/MBU/07/2021 concerning
                                      Services Authority Regulation Number            Requirements, Procedures for Appointment
                                      34/ POJK.04/2014 con-cerning the                and Dismissal of Members of the Board of
                                      Nomination        and       Remuneration        Directors of State-Owned Enterprises. In
                                      Committee      of   Issuers   or  Public        addition, as a public company, the Company’s
                                      Companies, the committee that carries           policy also refers to the Financial Services
                                      out the nomination function has the task        Authority Regulation Number 33/POJK.04/2014
                                      of formulating the policies and criteria        concerning the Board of Directors and
                                      needed in the nomination process for            Board of Commissioners of Issuers or Public
                                      prospective members of the Board of             Companies. A description of the succession
                                      Directors. One of the policies that can         policy in the Nomination process for members
                                      support the Nomination process, as              of the Company’s Board of Directors has been
                                      referred to, is the succession policy of        disclosed in the Board of Directors Succession
                                      members of the Board of Di-rectors.             Policy section of this Annual Report.
                                      The policy on succession aims to
                                      maintain the continuity of the process          Comply
                                      of regeneration or re-generation of
                                      leadership in the Company to maintain
                                      business     sustainability   and    the
                                      Company’s long-term goals.




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No                   Aspects; Principles; Recommendations                                           Comply or Explain

C.   Aspect 3: Functions and Roles of the Board of Directors

     C.1.   Principle 5: Strengthening the Membership and Composition of the Board of Directors.

            C.1.1.   Recommendation 12 : Determination of the number of members         The determination of the number of members
                                         of the Board of Directors considers            of the Board of Directors has considered
                                         the Public Company’s condition and             the     Company’s      conditions     including
                                         effectiveness in decision making.              characteristics, capacity, and size, as well as
                                                                                        the achievement of objectives and fulfillment
                     Explanation       : As an authorized corporate organ that          of the bank’s business needs referring to
                                         deals with the management of the               the provisions of the Regulator. The number
                                         Company, the determination of the              of members of the Board of Directors has
                                         number of Directors dramatically affects       complied with the provisions of OJK Regulation
                                         the performance of the Public Company.         No. 33/POJK.04/2014 concerning the Board
                                         Thus, the number of members of the             of Directors and Board of Commissioners of
                                         Board of Directors must be determined          Issuers or Public Companies.
                                         through careful consideration and refer
                                         to the applicable laws and regulations. It     Comply
                                         must be based on the Financial Services
                                         Authority Regulation Number 33 /
                                         POJK.04 / 2014 concerning the Board of
                                         Directors and Board of Commissioners of
                                         Issuers or Public Companies consisting
                                         of at least 2 (two) people. In addition, the
                                         number of Directors must be determined
                                         based on the need to achieve the goals
                                         and objectives of the Public Company
                                         and adjusted to the conditions of the
                                         Public Company. This condition includes
                                         the characteristics, capacity, and size
                                         of the Public Company and how to
                                         achieve the effectiveness of the Board of
                                         Directors’ decision making.

            C.1.2.   Recommendation 13 : Determination of the composition of            The composition of the Board of Directors
                                         members of the Board of Directors              members takes into account the diversity of
                                         considers the diversity of expertise,          skills, knowledge and experience required as
                                         knowledge, and experience needed.              disclosed in the Diversity of the Composition
                                                                                        of the Board of Directors section of this Annual
                     Explanation       : Similar to the Board of Commissioners,         Report.
                                         the diversity of the composition of
                                         members of the Board of Directors is a         Comply
                                         combination of desired characteristics.
                                         This combination is in terms of the
                                         organs of the Board of Directors and
                                         the individual members of the Board
                                         of Directors, following the needs of the
                                         Public Company. It is determined by
                                         considering the appropriate expertise,
                                         knowledge, and experience in the division
                                         of duties and functions of the Board of
                                         Directors in achieving the objectives of
                                         the Public Company. Thus, consideration
                                         of the characteristic combination will
                                         impact the accuracy of the nomination
                                         process and the individual appointment
                                         of members of the Board of Directors or
                                         collegial Board of Directors.




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No                      Aspects; Principles; Recommendations                                             Comply or Explain

               C.1.3.   Recommendation 14 : Members of the Board of Directors in            In the 2024 period, the Director in charge of
                                            charge of Accounting or Finance have            accounting or finance has an educational
                                            the required expertise and/or knowledge         background and work experience in finance
                                            in accounting.                                  with the following information:
                        Explanation         : Financial Statements are management’s         a.   Education
                                               accountability reports from managing              1. Bachelor of Economics
                                               resources owned by a Public Company.              2. Master of Economics
                                               They must be prepared and presented               3. Have work experience in banking
                                               following generally accepted Financial       b.   Working experience
                                               Accounting Standards in Indonesia and             1. March 2021 – currently serving as
                                               related FSA regulations, including laws              Director of Finance
                                               and regulations in the Capital Market             2. 2015-2021 served as Head of Treasury
                                               sector that regulate the presentation                Division.
                                               and disclosure of Public Company                  3. 2015 served as Acting Regional Head,
                                               Financial Statements. Based on the laws              Regional Office I
                                               and regulations in the Capital Market             4. 2014 served as Head of Treasury
                                               sector that regulate the responsibility of           Division.
                                               the Board of Directors for the Financial          5. 2013 served as Head of Institutional
                                               Statements, the Board of Directors is                Banking Division.
                                               jointly responsible for the Financial             6. 2012 served as Post Office Alliance Desk
                                               Statements. The President Director and               Head
                                               members of the Board of Directors in         The certifications held by the Director in charge
                                               charge of accounting or finance sign the     of finance/accounting can be seen in the
                                               Financial Statements.                        Board of Directors Competency Development
                        		 Thus, the disclosure and preparation of                          section of this Annual Report.
                           financial information presented in the
                           financial statements will largely depend                         Comply
                           on the expertise and/or knowledge
                           of the Board of Directors, especially
                           members of the Board of Directors in
                           charge of accounting or finance. The
                           existence of expertise and/or knowledge
                           qualifications in the accounting field that
                           at least the members of the Board of
                           Directors have can ensure the process
                           of making the Financial Statements.
                           Thus, the Financial Statements can be a
                           reliable basis for stakeholders in making
                           economic decisions related to the
                           Public Company. Such expertise and/or
                           knowledge can be proven by educational
                           background, training certification, and/
                           or related work experience..

      C.2.     Principle 6: Improving the Quality of the Board of Directors’ Duties and Responsibilities.

               C.2.1.   Recommendation 15 : The Board of Directors has in place a Self-     The Board of Directors has its own self-
                                            Assessment policy used to assess the            assessment policy as stated in the Joint
                                            performance of the Board of Directors.          Decree on the Working Relations of the Board
                                                                                            of Commissioners and the Board of Directors of
                        Explanation         : Similar to the Board of Commissioners,        the Company in 2024, Chapter IV Performance
                                              the Board of Directors self-assessment        Evaluation, and this assessment system is
                                              policy is a guideline used as a form of       summarized as a Key Performance Indicator
                                              accountability for collegial assessment       (KPI) as described in the Board of Directors’
                                              of the Board of Directors’ performance.       performance assessment section of this
                                              Self-assessment is intended to be             Annual Report and the Company’s website
                                              carried out by each member of the Board       (www.btn.co.id) Investor Relations-GCG menu
                                              of Directors. The aim is to assess the        - Crossreference ASEAN CG Scorecard.
                                              implementation of the Board of Directors’
                                              performance in a collegial manner. Self-      Comply
                                              Assessment is not used to evaluate the
                                              individual performance of each member
                                              of the Board of Directors. With this self-
                                              assessment, each member of the Board
                                              of Directors is expected to improve the
                                              performance of the Board of Directors on
                                              an ongoing basis. The policy may include
                                              assessment activities carried out along
                                              with their purposes and objectives, the
                                              periodic implementation time, and the
                                              benchmarks or assessment criteria used
                                              following the recommendations given
                                              by the nomination and remuneration
                                              function of a Public Company. The
                                              establishment of these functions has
                                              been required in the Financial Services
                                              Authority    Regulation   Number      34/
                                              POJK.04/2014 concerning the Nomination
                                              and Remuneration Committee of Issuers
                                              or Public Companies.




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No                   Aspects; Principles; Recommendations                                             Comply or Explain

            C.2.2.   Recommendation 16 : Self-Assessment policies in order to            The self-assessment policy for assessing
                                         assess the performance of the Board             the performance of the Board of Directors is
                                         of Directors are disclosed through the          disclosed in the Board of Directors’ performance
                                         Annual Report of the Public Company.            assessment section of this Annual Report.
                     Explanation        : The disclosure of the self-assessment          Comply
                                          policy regarding the Board of Directors’
                                          performance is carried out not solely to
                                          fulfill the transparency aspect as a form
                                          of accountability for implementing the
                                          Board of Directors’ duties. In addition,
                                          it also provides essential information
                                          regarding the attempts to improve the
                                          management of the Public Company.
                                          This information is beneficial to give
                                          assurance to shareholders or investors
                                          regarding the existence of certainty that
                                          the Company management continues
                                          to be carried out in a better direction.
                                          With this disclosure, shareholders or
                                          investors know the check and balance
                                          mechanism for the performance of the
                                          Board of Directors.

            C.2.3.   Recommendation 17 : The Board of Directors has a policy             The Company has a policy on the Guidelines
                                         related to the resignation of members of        and Work Procedures of the Board of
                                         the Board of Directors when involved in         Directors through Special Policy Number
                                         financial crimes.                               KK.6-G concerning the Guidelines and Work
                                                                                         Procedures of the Board of Directors. related
                     Explanation        : The policy of resignation for members          to the resignation and dismissal of members
                                          of the Board of Directors involved in          of the Board of Directors if they are involved in
                                          financial crimes is a policy that can          actions that are detrimental to the Company
                                          increase the stakeholders’ trust in the        and/or the State and if the person concerned
                                          Public Company, which in return will           is found guilty by a court decision that has
                                          maintain the Company’s integrity.              permanent legal force.
                                          This policy is needed to help the legal
                                          process runs smoothly and so that the          Comply
                                          legal process does not interfere with the
                                          course of business activities. In addition,
                                          in terms of morality, this policy will build
                                          an ethical culture within the Public
                                          Company. The policy may be covered
                                          by the Guidelines or Code of Ethics
                                          applicable to the Board of Directors.
                                          Furthermore, the status of a convict is
                                          given by the competent authority to a
                                          member of the Board of Commissioners
                                          who is involved in financial crimes.
                                          Financial crimes refer to manipulation
                                          and various forms of embezzlement in
                                          financial services activities and Money
                                          Laundering Crimes as referred to in
                                          Law Number 8 of 2010 concerning the
                                          Prevention and Eradication of Money
                                          Laundering Crimes.

D.   Aspect 4: Stakeholder Participation

     D.1.   Principle 7: Upgrading corporate governance aspects through stakeholder participation.

            D.1.1.   Recommendation 18 : The Public Company has in place policies        The Company has a policy to prevent insider
                                         to prevent Insider Trading.                     trading as regulated in Special Policy Number
                                                                                         KK.9-AA     concerning    Investor    Relations
                     Explanation        : A person with insider information is           Activities as can be seen on the Company’s
                                          prohibited from conducting a Securities        website (www.btn.co.id) Investor Relations
                                          transaction using insider information as       menu - Investor Relations Policy Guidelines.
                                          referred to in the Law on Capital Market.
                                          Public Companies can minimize the              Comply
                                          occurrence of insider trading through
                                          prevention policies, for example, by
                                          strictly separating confidential data
                                          and/or information from public ones and
                                          dividing the duties and responsibilities
                                          for the management of such information
                                          proportionally and efficiently.




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No               Aspects; Principles; Recommendations                                             Comply or Explain

        D.1.2.   Recommendation 19 : The Public Company has in place an              Special Policy No. KK.8-K regarding Fraud Risk
                                     Anti- Corruption and Anti-Fraud policy.         management procedures. As a guideline in
                                                                                     the implementation of Gratification Control
                 Explanation        : Anti-corruption policies are useful for        as an initiative of the national anti-corruption
                                      ensuring that the business activities          program, the Company issued instructions for
                                      of public companies are carried out            implementing gratification control guidelines
                                      legally, prudently, and in accordance          in a Special Policy Number KK.6-A concerning
                                      with the principles of good governance.        Gratification Control Procedures.
                                      The policy can be part of a code of
                                      conduct or in its own form. The policy         Comply
                                      may include, among others, programs
                                      and procedures carried out to overcome
                                      corrupt practices, kickbacks, fraud,
                                      bribery, and/ or gratification in a Public
                                      Company. The scope of the policy must
                                      describe the prevention of the Public
                                      Company against all corrupt practices,
                                      either giving or receiving from other
                                      parties.

        D.1.3.   Recommendation 20 : The Public Company has a policy in              The Company has policies related to vendor
                                     place regarding the selection and               management as regulated in Special Policy
                                     improvement of suppliers or vendor              concerning Guidelines for the Implementation
                                     ability.                                        of Procurement of Goods and/or Services
                                                                                     and Technical Instructions Number PT.9-H.1
                 Explanation        : The supplier or vendor selection policy        concerning Guidelines for the Implementation
                                      is useful to ensure that the Public            of Procurement of Goods and/or Services.
                                      Company obtains the necessary goods            In general, the scope of this policy includes,
                                      or services at competitive prices and          among others, criteria for vendor selection,
                                      good quality. Meanwhile, the policy of         transparent procurement mechanisms, vendor
                                      increasing the ability of suppliers or         performance evaluation, and vendor track
                                      vendors helps ensure that the supply           records.
                                      chain runs efficiently and effectively. The
                                      suppliers’ or vendors’ ability to supply/      Improving supplier or vendor capabilities
                                      provide the goods or services needed by        is done by providing guidance to vendors
                                      the Company will affect the quality of the     through coordination meetings, monitoring
                                      Company’s output.                              and evaluating vendor performance.
                 		 Thus, implementing these policies can                            The implementation of the vendor selection
                    guarantee the continuity of supply, both                         policy is carried out by managing the Bank
                    in terms of quantity and quality needed                          Partner List which can be used as a vendor
                    by the Public Company. The scope of                              database in procurement using the direct
                    this policy includes criteria in selecting                       appointment/direct selection/direct selection
                    suppliers    or   vendors,    transparent                        method. The Special Policy above also regulates
                    procurement mechanisms, attempts                                 the Standard Operating Procedure (SOP)
                    to improve the capabilities of suppliers                         for transparent procurement mechanisms
                    or vendors, and the fulfillment of rights                        through the auction/direct selection/direct
                    related to suppliers or vendors. The                             selection/direct appointment method as well
                    Company has policies related to the                              as provisions regarding work contracts with
                    procurement of goods and services that                           vendors. So that with the implementation of
                    contain the selection and improvement                            this policy, it is expected that the continuity
                    of supplier or vendor capabilities as                            of supply needed by the company can be
                    stated in the Procurement Guidelines                             guaranteed.
                    standards.
                                                                                     Comply

        D.1.4.   Recommendation 21 : The Public Company has a policy on              The policy on the fulfillment of creditor rights
                                     fulfilling the creditors’ rights.               is used as a guideline in making loans to
                                                                                     creditors. The purpose of the policy is to ensure
                 Explanation        : The policy regarding the fulfillment of        the fulfillment of rights and maintain creditor
                                      creditors’ rights is utilized as a guideline   trust in the Public Company. The policy includes
                                      in making loans to creditors. The policy       considerations in making agreements, as well
                                      aims to maintain the fulfillment of rights     as follow-up in fulfilling the obligations of the
                                      and maintain creditors’ trust in the           Public Company to creditors.
                                      Public Company. The policy includes
                                      considerations in making agreements,           Basic creditor rights policies include:
                                      as well as follow-up actions in fulfilling     a. Receive principal repayment and interest
                                      the obligations of the Public Company to           payment at the agreed time.
                                      creditors.                                     b. Obtain the right to a fine for late payment
                                                                                         of principal and interest payment.
                                                                                     c. Request explanation, information, and
                                                                                         documents and examine the Company’s
                                                                                         books.
                                                                                     For 2024, there are 2 creditors of the Company,
                                                                                     namely: Bilateral Loan Creditors and Bond
                                                                                     Creditors.

                                                                                     Comply




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No            Aspects; Principles; Recommendations                                           Comply or Explain

     D.1.5.   Recommendation 22 : Public Company has a whistleblowing            The Company has a Whistleblowing System
                                  system policy.                                 implementation policy regulated in Technical
                                                                                 Instruction Number PT.7-B.2 concerning the
              Explanation        : A well-prepared whistleblowing system         Management of the BTN Whistleblowing System
                                   policy will provide certainty of protection   which includes the types of violations that can
                                   to witnesses or whistleblowers for an         be reported through the whistleblowing system,
                                   indication of violations committed by         how to report, protection and guarantee of
                                   employees or management of the Public         confidentiality of the reporter, handling of
                                   Company. The implementation of these          complaints, parties managing complaints,
                                   system policies will have an impact           and the results of handling and follow-up of
                                   on the formation of good corporate            complaints in accordance with OJK provisions.
                                   governance culture. The whistleblowing        Disclosure of the Whistleblowing System policy
                                   system policy includes, among others,         in question for the 2023 period is described
                                   the types of violations that can be           in the Whistleblowing System section of this
                                   reported through the whistleblowing           Annual Report.
                                   system,     the   way     of   complaints,
                                   protection, and guarantees of the             Comply
                                   confidentiality of the whistleblower, the
                                   handling of complaints, the party who
                                   manages the complaint, and the results
                                   of handling and following up complaints.

     D.1.6.   Recommendation 23 : Public Company has a policy of providing       Commissioners       have     been  regulated,
                                  long-term incentives to the Board of           including:
                                  Directors and employees.                       a. Special Policy No. KK.3-D concerning
                                                                                     Income      of     Directors, Board    of
              Explanation        : Long-term incentives are incentives               Commissioners, Senior Executive Vice
                                   based on the achievement of long-term             President (SEVP) and Supporting Organs of
                                   performance. The longterm incentive               the Board of Commissioners
                                   plan assumes that the Company’s               b. Special      Policy     Number   No.KK.3-B
                                   longterm performance is reflected by              concerning Remuneration. The provision
                                   the growth in value of the stock or other         of remuneration and incentives has been
                                   Company’s long-term targets. Long-                disclosed in the Implementation of BTN
                                   term incentives are useful to maintain            Remuneration Governance section of this
                                   loyalty and provide motivation to the             Annual Report.
                                   Board of Directors and employees
                                   to increase their performance or              The provision of remuneration and incentives
                                   productivity, which will have an              has been disclosed in the Implementation of
                                   impact on improving the Company’s             BTN Remuneration Governance section of this
                                   performance in the long run.                  Annual Report.
                                                                                 The Board of Directors Regulation covers
              		 The existence of a long-term incentive                          deferred variable-based remuneration as
                 policy is a real commitment of the                              well as Material Risk Taker as stipulated in
                 Public Company to encourage the                                 the Regulation of the Ministry of SOEs No. 04/
                 implementation of long-term incentives                          MBU/2014 concerning Guidelines for Regulation
                 to the Board of Directors and Employees                         of the Minister of SOEs Number Per-04/
                 with conditions, procedures, and forms                          MBU/2014 as last amended by Regulation of the
                 adjusted to the long-term goals of                              Minister of SOEs Number Per-13/MBU/09/2021
                 the Public Company. The policy may                              dated September 24, 2021 and OJK Regulation
                 include, among others, the purpose                              Number 45/POJK.03/2015.
                 and objectives of providing long-term
                 incentives, terms and procedures for                            Since 2009, the Company has implemented
                 providing incentives, and conditions                            long-term incentives in the form of MESOP for
                 and risks that the Public Company                               Directors and Employees as described in the
                 must consider in providing incentives.                          Share Option section of this Annual Report.
                 The policy can also be included in the                          In 2024, the Company has implemented
                 remuneration policy of the existing Public                      performance and risk-based remuneration.
                 Company.
                                                                                 Comply




                                                                           PT Bank Tabungan Negara (Persero) Tbk          807
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                                                          Governance




No                      Aspects; Principles; Recommendations                                          Comply or Explain

E.    Aspect 5: Disclosure of Information

      E.1.     Principle 8: Improving the Implementation of the disclosure of information

               E.1.1.   Recommendation 24 : The Public Company utilizes information       The Company continuously strives to improve
                                            technology more broadly in addition to        the quality of information disclosure to
                                            the Website as a medium for disclosing        stakeholders through the use of information
                                            information.                                  technology, in addition to the Company’s
                                                                                          website, such as through social media, namely:
                        Explanation        : The use of information technology can
                                             be a helpful medium for the disclosure       •   YouTube Bank BTN,
                                             of information. The disclosure of            •   Facebook BTNcoid,
                                             information is conducted not only to         •   X @BankBTN,
                                             disclose information that has been           •   Instagram @btn
                                             regulated in laws and regulations            •   LinkedIn PT Bank Tabungan Negara
                                             but also to disclose other information       The Company also provides information
                                             related to Public Companies that are         updates to shareholders via email, conference
                                             considered helpful for the knowledge         calls and Capital Market TV IBCM Channel of
                                             of shareholders or investors. By using       the Indonesia Stock Exchange, in addition to
                                             information technology more broadly          site visit assistance by investors to BTN branch
                                             apart from the Website, it is hoped          offices, Non-Deal Roadshows, one-on-one
                                             that the Company can extend the              meetings, Analyst Meeting Public Expose.
                                             effectiveness of disseminating company
                                             information. Nevertheless, the use of        Comply
                                             information technology is carried out
                                             while still considering the benefits and
                                             costs for the Company.

               E.1.2.   Recommendation 25 : The Annual Report of the Public Company       The Company has disclosed information
                                            discloses the ultimate benefit of the         regarding shareholders who own 5% (five
                                            Ownership of the Public Company of at         percent) or more of the Company’s shares
                                            least 5%, in addition to the disclosure       to the regulators, namely OJK and BEI. In this
                                            of the ultimate beneficial owner of the       Annual Report, the matter in question has
                                            share ownership of the Public Company         been disclosed in the Information to Investors
                                            through the main and controlling              section.
                                            shareholders.
                                                                                          Comply
                        Explanation        : Laws and regulations in the Capital
                                             Market sector governing the submission
                                             of Public Company annual reports have
                                             regulated the obligation to disclose
                                             information     regarding    shareholders
                                             who own 5% (five percent) or more of
                                             Public Company shares. In addition,
                                             the obligation to disclose information
                                             regarding     major     and    controlling
                                             shareholders of Public Companies, either
                                             directly or indirectly, is up to the last
                                             beneficial owner in the ownership of the
                                             shares. In this Governance Guidelines, it
                                             is recommended to disclose the ultimate
                                             beneficial owner of share ownership
                                             of a Public Company of at least 5%
                                             (five percent), in addition to disclosing
                                             the ultimate beneficial owner of share
                                             ownership by major and controlling
                                             shareholders.




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Governance Principles for Banks Issued by Basel
Committee on Banking Supervision

Governance Guidelines are best practice standards that can be used as a reference in implementing corporate
governance, especially in the banking sector. They include 12 principles of corporate governance that can be
summarized as follows.



      Principle                            Description                                           Implementation in BTN

 Principle 1           The Board of Commissioners has responsibilities             In the Company’s Board of Commissioners’ Rules of
 Responsibilities      that include: approval and oversight of the                 Procedure as stated in the Decree of the Board of
 of the Board of       implementation of business strategy, structure              Commissioners No. 18/KOM/BTN/2024 concerning
 Commissioners         and governance mechanisms, and corporate                    the Guidelines and Work Procedures of the Board of
                       culture.                                                    Commissioners of PT Bank Tabungan Negara Tbk,
                                                                                   it is stated that the responsibility of the Board of
                                                                                   Commissioners is to provide opinions and suggestions
                                                                                   on the Annual Work Plan and Budget and to provide
                                                                                   suggestions on matters considered important by the
                                                                                   Company, including corporate culture.

 Principle 2           Members of the Board of Commissioners must                  The Company's Board of Commissioners does not have
 Qualifications        have quality in their duties and responsibilities, both     any financial relationship, management relationship,
 and composition       individually and collegially. They must understand          share ownership and/or family relationship with
 of the Board of       their role in supervising and implementing                  other members of the Board of Commissioners, the
 Commissioners.        corporate governance, and be able to carry out              Board of Directors and/or Controlling Shareholders
                       sound and objective decision-making.                        or relationship with the Bank, which may affect the
                                                                                   ability of the person concerned to act independently
                                                                                   as stipulated in the provisions of the Implementation
                                                                                   of Good Corporate Governance for Commercial Banks
                                                                                   and has signed an Independent Statement.

 Principle 3           The Board of Commissioners must establish                   The Board of Commissioners has Committees under
 Structure and         appropriate governance structures and practices             the Board of Commissioners that assist in carrying
 mechanism of          in carrying out their duties and periodically review        out the duties of the Board of Commissioners, namely
 the Board of          their effectiveness.                                        the Audit Committee, Risk Monitoring Committee and
 Commissioners                                                                     Remuneration and Nomination Committee.

 Principle 4           Under the direction and supervision of the Board            The Board of Directors manages the Company
 Directors.            of Commissioners, the Board of Directors can                under the direction and supervision of the Board of
                       manage the Bank’s activities by the business                Commissioners, as evidenced by the company's
                       strategy, risk appetite, remuneration policies, and         business achievements.
                       other policies that have been approved by the
                       Board of Commissioners.

 Principle 5           Within a business group, the Board of                       The Company's Board of Directors and Board of
 Business Group        Commissioners of the parent company has overall             Commissioners have knowledge and understanding
 Governance            responsibility for the business group and for               of the company's core business and main risks, as
 Structure.            ensuring the establishment and implementation               evidenced by the passing of all Board of Commissioners
                       of clean governance practices related to the                and Board of Directors of the Fit and Proper Test. The
                       structure, business, and risks of business groups           Board of Directors and Board of Commissioners also
                       and entities. The Board of Commissioners and                continue to participate in training and development to
                       Directors must understand the organizational                improve their capabilities.
                       structure of the business groups and the risks they
                       face

 Principle 6           Banks must have a quality risk management                   The Company carries out the Risk Identification,
 Risk Management       function, be independent, have quality resources            Measurement, Monitoring, Risk Control Process, and
 Function              and have access to the Board of Commissioners.              Risk Management Information System through the
                                                                                   Enterprise Risk Management and Digital Operation Risk
                                                                                   Management frameworks. The Company continuously
                                                                                   improves the capabilities and knowledge of all
                                                                                   employees, especially in terms of risk management.
                                                                                   The Company communicates risk management to the
                                                                                   Board of Commissioners through the Risk Monitoring
                                                                                   Committee.

 Principle 7           Risks in all kinds of bank activities must be identified,   In the management of the Company’s Risk
 Identification of     monitored, and controlled. The quality of the risk          Management, risk identification, measurement and
 Risk Monitoring and   management and internal control infrastructure              assessment have been carried out by compiling a risk
 Control.              must be able to keep up with changes in the Bank’s          profile periodically. Risk measurement and assessment
                       risk profile, external risk conditions, and industry        have been able to run well in accordance with the
                       practices                                                   established Risk Management Policy which is adjusted
                                                                                   to the level of risk faced by BTN.

 Principle 8           Effective implementation of risk governance                 The Risk Based Bank Rating (RBBR) assessment is
 Risk                  requires accurate risk communication within the             submitted to the Risk Management Committee every
 Communication.        Bank both between organizations and through                 semester. In addition, the results of the RBBR assessment
                       reporting to the Board of Commissioners and                 are submitted to the Board of Commissioners through
                       Directors                                                   the Risk Monitoring Committee.



                                                                                       PT Bank Tabungan Negara (Persero) Tbk          809
Page 379
                                                       Corporate
                                                       Governance




      Principle                         Description                                       Implementation in BTN

 Prinsip 9            The Board of Commissioners is responsible for          The     Board    of  Commissioners    ensures   the
 Obedience            overseeing management related to the Bank’s            implementation of good corporate governance in
                      compliance risk. The Board of Commissioners            every business activity and corporate governance
                      must establish a compliance function and provide       policy, including the implementation of compliance.
                      approval for policies and processes for identifying,   Compliance risk assessments in RBBR are reported to
                      assessing, monitoring and reporting, and providing     the Board of Commissioners every 6 (six) months to
                      advice on compliance risks.                            obtain feedback.

 Principle 10         The internal audit function must report                Internal Audit is directly responsible to the President
 Internal Auditing    independent assurance activities to the Board          Director and communicates with the Board of
                      of Commissioners and must support the Board            Commissioners through the Audit Committee.
                      of Commissioners and Directors in encouraging
                      the implementation of an effective governance
                      process and the long-term health of the Bank.

 Principle 11         The Bank’s remuneration structure must support         The Company's current remuneration policy is
 Compensation.        the implementation of corporate governance and         in accordance with OJK Regulation Number 45/
                      risk management                                        POJK.03/2015 concerning the Implementation of
                                                                             Governance in the Provision of Remuneration for
                                                                             Commercial Banks.

 Principle 12         The implementation of governance by the Bank           The Company makes disclosures through the BTN
 Disclosure and       must be carried out transparently to shareholders,     website www.btn.co.id and ensures the availability
 Transparency.        depositors, other relevant stakeholders, and           of the most updated information for stakeholders. In
                      market participants.                                   addition, BTN's information disclosure is carried out
                                                                             through the Annual Report, Sustainability Report and
                                                                             Public Expose.




Good Corporate Governance
Assessment

The Company always attempts to apply the highest                    Assessment Criteria
standard of corporate governance concerning
international regulations and standards based on                    The indicators that become the standard for the
the principles of corporate governance developed                    implementation of the self-assessment include 11
by the Organization for Economic Cooperation and                    (eleven) parameters. They are:
                                                                    1. Implementation of the duties and responsibilities of
Development (OECD), the ASEAN Corporate Governance
                                                                        the Board of Directors.
Scorecard (ACGS) issued by ASEAN Capital Market
                                                                    2. Implementation of duties and responsibilities of the
Forum (ACMF), Indonesian GCG Guidelines developed
                                                                        Board of Commissioners.
by the National Committee on Governance Policy                      3. Completeness and implementation of the duties of
(KNKG), Indonesian Banking GCG Guidelines developed                     the Committee.
by the KNKG and Principles for Enhancing Corporate                  4. Conflict of interest handling.
Governance issued by the Basel Committee on Banking                 5. Implementation of the compliance function.
Supervision, where the company has conducted                        6. Implementation of the internal audit function.
governance assessment as follows:                                   7. Implementation of the external audit function.
                                                                    8. Implementation of risk management including the
                                                                        internal control system.
Self Assessment                                                     9. Provision of funds to related parties and large
                                                                        exposure.
                                                                    10. Transparency of the Bank’s financial and non-
Governance Self-Assessments are carried out
                                                                        financial conditions, reports on the implementation
periodically at the end of June and December each year.
                                                                        of corporate governance, and internal reporting.
For 2024, the standards for implementing Governance,                11. The Bank’s strategic plan.
apart from referring to OJK Regulation Number 17 of
2023 concerning the Implementation of Governance
for Commercial Banks, to follow the provisions of OJK               The Party Conducting The Assessment
Circular Letter Number 13/POJK.03/2017 concerning the
Implementation of Governance for Commercial Banks.                  The Company carries out a governance self-assessment
                                                                    by involving the entire Board of Commissioners, Directors,
                                                                    and work units related to the intended governance
                                                                    assessment factors.


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                                                                                                            Annual Report




Assessment Results

In the assessment of the Company’s governance conducted in 2024, the results of the Self Assessment were as follows:


The results of the Corporate Governance self-assessment conducted in June 2024



                                  Self Assessment Results of Governance Implementation

                           Rank                                                Rank Definition

                                          Reflects that the Bank’s management has implemented Governance that is generally
                                          good. This is reflected in the adequate fulfillment of Governance principles. In the event
     Individual               2           of weaknesses in the implementation of Governance principles, these weaknesses
                                          are generally less significant and can be resolved with normal actions by the Bank’s
                                          management.



Result of Corporate Governance Self-Assessment in December 2024.



                                  Self Assessment Results of Governance Implementation

                           Rank                                                Rank Definition

                                          Reflects that the Bank’s management has implemented Governance that is generally
                                          good. This is reflected in the adequate fulfillment of Governance principles. In the event
     Individual               2           of weaknesses in the implementation of Governance principles, these weaknesses
                                          are generally less significant and can be resolved with normal actions by the Bank’s
                                          management.



From the results of the two assessments, the implementation of Corporate Governance in 2024 can be summarized
as follows:
Bank’s Name       : PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Position          : JANUARY-DECEMBER 2024

                                  Self Assessment Results of Governance Implementation

                           Rank                                                Rank Definition

                                          Reflects that the Bank’s management has implemented Governance that is generally
                                          good. This is reflected in the adequate fulfillment of Governance principles. In the event
     Individual               2           of weaknesses in the implementation of Governance principles, these weaknesses
                                          are generally less significant and can be resolved with normal actions by the Bank’s
                                          management.




                                                              ANALYSIS

 In general, the implementation of Corporate Governance is good. The Bank’s management has implemented Governance principles
 and has prepared a Governance Structure that supports the implementation of governance, such as organizational structure,
 competent human capital, and policies as well as procedures that support the implementation of the Bank’s activities. In addition,
 the Bank’s management’s efforts to make improvements have been carried out from time to time to ensure that the implementation
 of governance is in line with the Bank’s business development. Improvements were made by taking into account input from the Board
 of Commissioners based on the results of monitoring/review/recommendations from the Committees that support the duties and
 responsibilities of the Board of Commissioners.

 During the reporting period, no violations of the precautionary principle were found in fulfilling CAR, Core Capital, NOP, and NPL and
 no exceedances and/or violations of LLL occurred. The Bank’s commitments related to the audits by the Financial Services Authority
 (FSA) and the Audit Board of the Republic of Indonesia (BPK) have been followed up under agreed deadlines.

 Objectives:
 a. The assessment of governance structure aims to determine the adequacy of the Bank’s Governance structure and infrastructure
    to ensure that the implementation of Good Governance produces an outcome that is in line with the expectations of the Bank’s
    Stakeholders. The Governance Structure consists of the Board of Directors, Commissioners, Committees, and Work Units at the
    Bank. The Governance Infrastructure consists of bank policies and procedures, management information systems as well as
    main duties and functions of each organizational structure.
 b. The assessment of the governance process aims to determine the effectiveness of the implementation of governance principles
    supported by the adequacy of the Bank’s governance structure and infrastructure, to produce outcomes that are in line with the
    expectations of all the stakeholders.
 c. The assessment of governance outcomes aims to determine the quality of outcomes that meet the expectations of all the
    stakeholders, which results from the implementation of good governance principles and is supported by the adequacy of the
    governance structure and infrastructure.




                                                                                    PT Bank Tabungan Negara (Persero) Tbk          811
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                                                           Corporate
                                                           Governance




                                                                ANALYSIS

Outcomes consist of qualitative and quantitative aspects as follows:
a. Adequacy of report transparency.
b. Compliance with laws and regulations.
c. Customer protection.
d. Objectivity in conducting assessments or audits.
e. Bank’s performances, such as profitability, efficiency and capital and/or
f. Increase/decrease in compliance with applicable regulations, violations of LLL, and violations of provisions related to Bank reports
   to the Financial Services Authority (OJK).

Based on the Governance Self-Assessment Analysis consisting of Governance Structure, Governance Process, and Governance
Outcome on each of the Governance assessment factors, it can be concluded that:
A.   Governance Structure
     The Governance Structure is generally adequate, as can be seen from the following summary:
     1.   Positive Factors
          1.1 The General Meeting of Shareholders (GMS) held on March 6, 2024 granted full release and discharge (volledig acquit at
                de charge) to the Board of Directors for their management actions of the Company and the Board of Commissioners for
                their supervisory actions of the Company that have been carried out during the 2023 Financial Year.
          1.2 Based on the General Meeting of Shareholders (GMS) for the 2023 financial year held on March 6, 2024, it was decided
                that the membership of the Board of Commissioners would consist of 9 (nine) people and the Board of Directors would
                consist of 11 (eleven) people.
          1.3 As of December 31, 2024, all members of the Board of Commissioners and Directors have been declared to have passed
                the fit and proper test by the Financial Services Authority.
          1.4 In carrying out its duties and responsibilities, the Board of Directors has integrity, competence and adequate knowledge.
          1.5 All members of the Board of Directors do not hold concurrent positions as Commissioners, Directors or Executive Officers
                at other Banks, companies and/or institutions.
          1.6 All members of the Board of Directors do not have family relationships up to the second degree with fellow members of
                the Board of Directors and/or members of the Board of Commissioners or the Bank’s Controlling Shareholders.
          1.7 The composition of the members of the Board of Commissioners as of December 31, 2024 is 9 (nine) members with
                6 (six) of them as Independent Commissioners or 67% (sixty seven percent) of the total members of the Board of
                Commissioners, this is in accordance with the provisions.
          1.8 All members of the Board of Commissioners do not hold concurrent positions as stipulated in the Regulations issued by
                the Regulator (OJK, BI, Ministerial Regulations and other statutory provisions).
          1.9 All members of the Independent Board of Commissioners have no financial or management relationship with the Board
                of Directors and/or Controlling Shareholders.
          1.10 BTN has an Audit Committee, Risk Monitoring Committee and Nomination & Remuneration Committee which are
                structures under the Board of Commissioners by taking into account the independence of membership in accordance
                with the provisions based on the latest decision of the Board of Commissioners on:
                1.10.1 Decree of the Board of Commissioners Number 10/KOM/BTN/2024 dated October 16, 2024 concerning the
                       Composition of Membership of the Risk Monitoring Committee of PT Bank Tabungan Negara (Persero) Tbk
                1.10.2 Decree of the Board of Commissioners Number 11/KOM/BTN/2024 dated October 16, 2024 concerning the
                       Composition of the Remuneration and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk
                1.10.3 Decree of the Board of Commissioners Number 16/KOM/BTN/2024 dated November 19, 2024 concerning the
                       Composition of the Audit Committee of PT Bank Tabungan Negara (Persero) Tbk
          1.11 BTN Compliance Work Unit is an independent work unit or separate from the operational work unit (risk taking unit).
          1.12 The Director in charge of the Compliance Function has met the independence requirements and does not hold
                concurrent positions as President Director/Deputy President Director, the Director in charge of business & operations,
                risk management, treasury, finance & accounting, logistics and procurement of goods/services, information technology,
                internal audit, and the Director in charge of the Compliance Function of BTN has been declared to have passed the fit
                and proper test from OJK.
          1.13 BTN has an Internal Audit Work Unit called the Internal Audit Division (IAD) which is directly responsible to the President
                Director and can communicate directly with the Board of Commissioners or the Audit Committee.
          1.14 The appointment of the Public Accounting Firm (KAP) for the 2024 financial report has been determined and meets the
                specified criteria.
          1.15 BTN has a Risk Management Work Unit, namely the Enterprise & ESG Risk Management Division (ERMD).
          1.16 The Bank has a complete funding provision policy, including monitoring tools and resolution steps and conducts periodic
                policy evaluations. Policy evaluations are carried out by related divisions involving and coordinating with other divisions,
                including the Compliance & Governance Division (CMGD), Enterprise & ESG Risk Management Division (ERMD), Digital &
                Operation Risk Management Division (DORD), and Legal Division (LGD) through the Policy and Procedure Division (PPD)
                which is then proposed to the Loan Policy Committee through the Board of Directors.
          1.17 The Bank has policies and procedures regarding the procedures for implementing transparency of financial and non-
                financial conditions which consist of internal and external regulations (regulators).
          1.18 The Bank’s strategic plan has been formed into a Corporate Plan and a Business Plan in accordance with the Bank’s
                vision and mission.
           1.19 The Board of Directors has established the General Policy of the Board of Directors (KUD), namely “Becoming a Game
                Changer in the Disruptive Technology Era” and has prepared 10 (ten) strategies in 2024.
     2.   Negative Factors
          There isn’t any.
     3.   Identify Problems and Causes (Root Cause)
          There isn’t any.
     4.   Strength
          4.1 The Board of Commissioners, Board of Directors, and the Board of Committees under the Bank’s Board of Commissioners
              have fulfilled the Governance structure and infrastructure in accordance with regulatory provisions, including the
              appropriateness of the number, composition, concurrent positions, competence, reputation, integrity, independence.
          4.2 The implementation of Bank Governance is supported by the structure of the Internal Audit Work Unit, Risk Management
              Work Unit, and Compliance Work Unit which are independent and professional.
          4.3 The Bank has complete policies and procedures as guidelines in the implementation of Bank Governance, namely related
              to Handling Conflicts of Interest, Implementation of Compliance Function, Implementation of Internal Audit Function,
              Implementation of Risk Management, Internal System Control, Provision of Funds to Related Parties and Provision of Large
              Funds, Transparency of Financial & Non-Financial Conditions, and the Bank’s Strategic Plan.




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                                                                                                               Annual Report




                                                                ANALYSIS

B.   Governance Process
     The Governance process is generally adequate, as can be seen from the following summary:
     1.   Positive Factors
          1.1 The Board of Directors has established strategic policies and decisions through effective and efficient Board of Directors
               Meetings which are communicated to all employees through various media such as the Digital Room for Elearning
               Modules (DREAMS), PPDigital and others.
          1.2 The Board of Directors has conducted routine performance reviews with all Divisions & Regional Offices, and the Board of
               Commissioners is committed to conducting performance reviews with the Board of Directors on a monthly basis.
          1.3 The Board of Directors has followed up on the findings and recommendations of the Internal Audit Division, External
               Auditor, OJK supervision results and/or other authority supervision results.
          1.4 In terms of carrying out the duties and responsibilities of the Board of Directors, in the period January-December 2024
               the Board of Directors has held 213 (two hundred and thirteen) Internal Meetings.
          1.5 The committees under the Board of Directors have held 483 (four hundred and eighty-three) meetings during the period
               of January-December 2024. The details are as follows:
               1.5.1 Asset-Liability Committee had 15 meetings.
               1.5.2 Information Technology Steering Committee met 4 times.
               1.5.3 Risk Management and ESG Committee met 12 times.
               1.5.4 Human Capital Committee met 16 times.
               1.5.5 Loan Policy Committee or financing had 10 meetings.
               1.5.6 Credit Committee had 387 meetings.
               1.5.7 Business Committee met 3 times.
               1.5.8 Transformation Steering Committee met 31 times.
               1.5.9 The Environmental, Social and Governance Committee met 5 times.
          1.6 The Board of Commissioners always ensures that the principles of Corporate Governance are implemented in all of the
               Bank’s business activities.
          1.7 In terms of carrying out the duties and responsibilities of the Board of Commissioners, in the period January-December
               2024 the Board of Commissioners has held meetings including:
               1.7.1 Internal Meeting of the Board of Commissioners was conducted 53 times.
               1.7.2 The Board of Commissioners and the Board of Directors met 8 times.
               1.7.3 The Board of Commissioners met with the Sharia Supervisory Board 3 times.
          1.8 The Committee always carries out its duties independently through regular meetings with Divisions or Work Units
               regarding BTN’s operational problems and conditions.
          1.9 Each Committee has carried out its functions in accordance with the provisions, including providing recommendations
               according to its duties to the Board of Commissioners. In the period January-December 2024, the committees under the
               Board of Commissioners have held the following meetings:
               1.9.1 Audit Committee 39 times.
               1.9.2 Risk Monitoring Committee 61 times.
               1.9.3 Remuneration and Nomination Committee 17 times.
          1.10 Improving the implementation of Corporate Culture, namely: Sales Culture, Performance Culture, Governance & Risk
               Culture and Learning Culture.
          1.11 BTN has submitted a report on the implementation of the duties of the Director in charge of the Compliance Function to
               the regulator in a timely manner.
          1.12 To ensure that every regulation to be made, the Compliance Work Unit conducts a study/review to ensure that the
               regulation is in accordance with the provisions of the regulator and legislation. In the period January-December 2024,
               the Compliance Work Unit has conducted a study with the following details:
               1.12.1 Operational Field as many as 271 studies.
               1.12.2 Credit Field as many as 122 studies.
               1.12.3 Fund Field as many as 34 Studies.
          1.13 In an effort to prevent corrupt practices, BTN implemented the implementation of ISO 37001:2016 Anti-Bribery Management
               System (SMAP) certification. In 2024, BTN conducted an ISO surveillance audit on 15 Work Units and expanded the scope
               (extend scoop) of ISO SMAP on 1-work unit of Credit Operation Division (COD).
          1.14 The implementation of the BTN Whistleblowing System has used the services of a third party, namely Deloitte Consultant,
               which is called WBS BTN SIIPS and BTN has collaborated with the Corruption Eradication Commission (KPK) regarding the
               Integrated Corruption Crime (TPK) Whistleblowing System (WBS).
          1.15 The implementation of the internal audit function has been adequate and meets stakeholders’ expectations, this is
               reflected in the reports submitted by the Internal Audit Division to the Board of Commissioners through the Audit Committee
               periodically (every quarter), namely the realization of the Annual Audit Plan, audit findings and recommendations, and
               completion of follow-up actions on audit results.
          1.16 The appointment of the Public Accounting Firm (KAP) has been in accordance with the minimum requirements set out
               in accordance with the provisions and the audit implementation was carried out by an independent Public Accountant
               (AP) and the recommendations of the Audit Committee through the Board of Commissioners.
          1.17 The Bank has conducted monthly monitoring of Risk Appetite and Risk Tolerance including analysis of excesses and
               impacts as well as recommendations and management directives in the Risk Appetite and Risk Tolerance monitoring
               report which is reported monthly and submitted routinely to the Board of Directors and all Divisions.
          1.18 The Board of Directors and Board of Commissioners actively supervise risk management by discussing risk limits (risk
               appetite and risk tolerance) every month through meetings of the Board of Commissioners and Board of Directors.
          1.19 Carrying out improvements to business and operational processes including:
               1.19.1 The Bank has adjusted the BTN organizational structure after the 2024 AGM by considering the composition and
                       nomenclature of the Board of Directors, the formation of SEVP and new Divisions.
               1.19.2 Development of the Commercial Banking Division (CMBD) organizational structure for non-housing management
                       in order to achieve targets and diversify the guideline portfolio as well as business development and partnerships
                       for the expansion of the Commercial Banking Center (CBC) business.
               1.19.3 Adjustment of business processes in the Retail Funding Division (RFD) based on retail funding segmentation to
                       focus more on customer centric and clarify accountability.
               1.19.4 Separation of Digital Banking work units that focus on sales, namely the Digital Banking Sales Division (DBSD) and
                       the Digital Banking Product Development Division (DBPD) in order to improve Digital Banking capabilities.
               1.19.5 Separation of Institutional Funding into Large Institutional Funding (LIFD) and Mid Size Institutional Funding (MIFD)
                       which focus on Liquidity Buffer Customers and non-Liquidity Buffer Customers.
               1.19.6 Development of Sharia Division (SHAD) organizational structure to strengthen Sharia business and IT.
               1.19.7 Separation of functions in Operation Banking into two, namely Central Operations Division (CEOD) for managing
                       basic operational functions and Digital Operations Division (DGOD) for managing business operations and
                       business transactions.




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                                                               ANALYSIS

             1.19.8 Separation of Risk Management functions into Digital & Operations Risk Management Division (DORD) and
                     Enterprise & ESG Management Division (ERMD), where Digital & Operations Risk Management Division (DORD)
                     manages digital risk and operational risk while Enterprise & ESG Management Division (ERMD) manages enterprise
                     risk and ESG management.
             1.19.9 Addition of personal data protection management function in the Compliance Work Unit in the form of Data
                     Privacy Department.
             1.19.10 Formation of Regional Digital Banking Retail at Regional Offices as a strategy to strengthen digital product sales.
             1.19.11 Implementation of BPI Kring (National) which includes changes in business processes through the Regional Loan
                     Processing Center (RLPC).
             1.19.12 Implementation of the National Phase 1 Decision Engine as a loan decision tool.
             1.19.13 The SME Micro Business Loan BTN Laku business process has been scaled up in all Regional Offices.
             1.19.14 Implementation of the end-state phase for the MSMEs Process Centers (SPU) in the cities of Medan, Palembang,
                     Banjarmasin, Balikpapan, Makassar, Depok, Cirebon, and Ciputat.
             1.19.15 Formation of an anti-fraud sub-committee under the Risk Management Committee to accelerate the reporting
                     and handling of fraud incidents.
        1.20 Strengthening discipline of process and tiered control at every stage of the loan business process, in line with the increase
             in low-quality loan which is quite high, and the loan granting process is carried out comprehensively by consistently
             considering the 5 C’s aspects.
        1.21 In decision making, BTN has formed a Loan Policy Committee and a Loan Committee so that the loan process can run
             prudently.
        1.22 During the January-December 2024 period, there were no violations and/or exceedances of the BMPK.
        1.23 BTN has compiled, presented and transparently reported financial and non-financial conditions to stakeholders on a
             monthly, quarterly, semester and annual basis by publishing on the official website including announcing the quarterly
             Publication Financial Report and reporting it to the Financial Services Authority stakeholders in accordance with
             applicable regulations.
        1.24 BTN has a Customer Complaint System that can be used by Customers through the Contact Center, Customer Complaint
             System (SPN), Customer Service or submitted through Bank officers.
        1.25 The Corporate Governance implementation report has been submitted completely and on time to the Financial Services
             Authority or stakeholders in accordance with applicable regulations.
        1.26 The Board of Directors has communicated the Bank’s Corporate Plan and Business Plan to all levels of the organization
             and Controlling Shareholders.
        1.27 The Board of Commissioners has carried out its functions and duties in terms of supervision (monitoring), namely
             directing, monitoring, and evaluating the implementation of the Bank’s strategic policies routinely every 1 (one) month in
             a Performance Review meeting between the Board of Directors and the Board of Commissioners.
        1.28 The Board of Directors routinely discusses policies and decisions related to the strategic plan through committee
             meetings preceded by a pre-committee/steering committee.
   2.   Negative Factors
        In general, internal control is adequate but is still not running optimally, resulting in fraud cases.
   3.   Identify Problems and Causes (Root Cause)
        Overall, the Governance Process is implemented well in every business and operational activity of the Bank, however, in its
        implementation, an understanding of the Standard Operating Procedure (SOP) is still required and supervision needs to be
        improved.
   4.   Strengths
        4.1 The Bank continues to strive to improve internal control through: training/internalization, sanctions for coaching,
            implementation of rotation and transfer of HR.
        4.2 The Bank has implemented the implementation of compliance functions according to regulations including the
            implementation of the Compliance Director function, implementation of reporting to regulators, implementation of
            monitoring and evaluation of compliance aspects in all work units, and programs to increase awareness and compliance
            culture for all employees.
        4.3 In order to implement control of gratification and bribery, BTN has a Gratification Control Unit (UPG) and ISO 37001:2016
            Anti-Bribery Management System certification which is under the supervision and management of the Compliance
            Division.
        4.4 The Bank carries out its internal audit function well, namely including the implementation of independent supervision
            functions with adequate scope of duties according to the plan (audit plan), as well as the implementation of monitoring
            and reporting of audit results according to the provisions.
        4.5 The Bank has implemented risk management functions in accordance with regulations, including the Implementation of
            the Risk Director Function, preparing Risk Management policies including written and comprehensive Risk Management
            strategies and frameworks including determining overall risk limits and per type of risk, taking into account the level of
            risk taken and risk tolerance to capital adequacy. The Bank also periodically identifies, measures, monitors and controls
            risks
        4.6 There is an adequate process to ensure the provision of funds to related parties and the provision of large amounts
            of funds (large exposure) in accordance with the principle of prudence with a mechanism for decision-making by
            management independently without intervention from related parties and/or other parties
        4.7 In decision-making, BTN has formed a Loan Policy Committee and a Loan Committee so that the loan process can run
            prudently.
        4.8 The Bank makes the Bank’s product information transparent in accordance with the provisions governing the
            Transparency of Bank Product Information and develops processes in terms of managing the Use of Customer Personal
            Data in accordance with laws and regulations.
        4.9 The Bank is always committed to improving the quality of business processes and governance through various strategic
            initiatives in accordance with the Bank’s Strategic Plan, the implementation of which is supported and monitored
            periodically by the Board of Directors and there is a supervisory mechanism by the Commissioners.

C. Governance Outcome
   The results of governance are generally adequate, which can be seen from the following summary:
   1.   Positive Factors
        1.1 The Board of Commissioners and the Board of Directors have been accountable for the implementation of their duties to
            the shareholders and have been accepted by the shareholders in the Annual GMS for the 2023 Fiscal Year held on March
            6, 2024.
        1.2 The Bank has improved its performance in order to realize the 2024 RKAP target by establishing an effective business
            strategy.
        1.3 The Financial Statements as of December 31, 2024 (Unaudited) are better than the previous year with the following
            details: (in billions)




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                                                              ANALYSIS



             No.                  Kinerja                       Posisi Desember 2023                   Posisi Desember 2024


               1.   Aset                                                  439,885                                  470,137

              2.    Laba                                                      3,419                                 3,028

              3.    DPK                                                    349,933                                381,848

              4.    Kredit/Pembiayaan                                     333,698                                 357,973

              5.    Kualitas Kredit                                          3.01%                                   3.19%


        1.4 Compliance Indicators as of December 2024
            1.4.1 The CAR (Capital Adequacy Ratio) that has been formed by the Bank after calculating loan risk, operational risk,
                  and market risk as of December 31, 2024 is 18.15%, while the KPMM (Minimum Capital Requirement) ratio according
                  to the risk profile that must be formed by the Bank for the position of December 31, 2024 is 9.25%. Thus, BTN’s capital
                  adequacy ratio is still above the minimum limit required by the regulator in the capital provisions.
            1.4.2 There was no excess or violation of the provisions of the Maximum Loan Limit (BMPK).
            1.4.3 Non-Performing Loan (NPL) is 3.19% (gross).
            1.4.4 The Minimum Reserve Requirement (GWM) for IDR Conventional as of December 31, 2024 is 5.38%, thus fulfilling the
                  minimum limit requirement of 5%. The Minimum Reserve Requirement (GWM) for Foreign Currency as of December
                  31, 2024 is 4.18%, fulfilling the minimum limit requirement of 4%.
   2.   Negative Factors
        2.1 There is still a fine imposed during the period of January to December 2024 amounting to IDR 108,636,725, - (one hundred
            eight million six hundred thirty six thousand seven hundred twenty five IDR) although it has improved compared to the
            same period of January to December 2023, which was IDR 677,520,854, - (six hundred seventy seven million five hundred
            twenty thousand eight hundred fifty four IDR).
        2.2 There are still a number of violations of the provisions that result in fraud where the period January to December 2024
            the number of fraud was 24 (twenty four) cases which increased compared to the period January to December 2023 as
            many as 19 (nineteen) cases. However, all cases of fraud have been followed up by the relevant units.
   3.   Identify Problems and Causes (Root Cause)
        3.1 The need to improve understanding of SOPs and strengthen supervision.
        3.2 The need to improve reporting systems and infrastructure.
   4.   Strength
        4.1 The Board of Directors has established the General Policy of the Board of Directors (KUD), namely “Becoming a Game
            Changer in the Disruptive Technology Era” and has prepared 10 (ten) strategies in 2024, including:
            4.1.1 Increase CASA by improving KPI tracking, virtual RM, and becoming a transactional bank for retail customers.
            4.1.2 Accelerate the development of digital capabilities through the development of digital super-apps and scale-up
                   transactions and activation of transaction banking.
            4.1.3 Expansion of high yield loan by going beyond the subsidy segment, exploring new consumers, cross selling to
                   mortgage customers who have paid off, and improving SME processes.
            4.1.4 Build new sources of growth by offering full banking solutions and developing partnerships.
            4.1.5 Increase FBI from Treasury, Corporate Banking, and Bancasurance businesses.
            4.1.6 Strengthen Value Proposition and Rebranding (going beyond home/mortgage).
            4.1.7 Improve collection processes and asset recovery capabilities (monitoring on & off-balance sheet, improving
                   collection processes, savings programs for installments, improving SME Collection processes).
            4.1.8 Become an ESG Champion in the Banking Sector.
            4.1.9 Attract, Develop, & Retain Best Talent by creating and redefining Employee Value Preposition (EVP) and focusing on
                   talent development and talent retention.
            4.1.10 Smooth spin-off of BTN’s Sharia Business Unit (UUS).
        4.2 BTN has prepared the 2025-2029 Corporate Long-Term Plan (RJPP) and the 2025-2027 Bank Business Plan.




Recommendations and Follow Up


            Problem                                                              Follow-up

There are still a number of           The Company is committed to making improvements in the implementation of the Anti-Fraud
violations of the provisions that     Strategy, including:
result in fraud.                      1. Prevention: Monitoring and evaluation/improvement of SAF policy prevention function.
                                         Identification of vulnerabilities includes activities: Fraud Risk Assessment (FRA), Risk Control
                                         Self Assessment (RCSA), RA/RT Planning, use of Fraud Risk Register.
                                      2. Detection: Digital Fraud Monitoring & Detection: develop rules, models, customer risk profiles
                                         for FDS accuracy and also monitor Flagged/Triggered activities on FDS, Non-Digital Fraud:
                                         coordination, consolidation, evaluation of detection results from surprise audit programs,
                                         surveillance systems, verification, control testing and supervision.




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             Problem                                                               Follow-up

                                        3. Investigation, Reporting, and Sanctions: Monitoring includes prevention, investigation
                                           progress status, fraud detection results, investigation results, sanction determination,
                                           recovery to litigation. DORD has submitted a consolidated report every 3 months to the Anti-
                                           Fraud Sub-Committee and the Board of Commissioners. The contents of this consolidated
                                           report include fraud detection results, investigation status and aging, investigation results,
                                           follow-up settlement, sanction determination to litigation.
                                        4. Monitoring, Evaluation and Follow-up, Monitoring of fraud event status, imposition of
                                           sanctions, completion of action plans, and recovery efforts, evaluation of fraud event reports,
                                           Preparation of preventive follow-up actions.




Assessment by External Parties
                                                                          Assessment Criteria
In addition to Self-Assessment, the Company has
also consistently conducted Third Party assessments                       The assessment aspects of CGPI include Governance
to attain a second opinion on the quality of the GCG                      Structure, Governance Process, and Governance
implementation to unceasingly refine the quality of                       Outcome).
the GCG implementation; this includes the Corporate
Governance Perception Index survey, hereinafter                           Party Conducting the Assessment
abbreviated as CGPI, which is organized annually by
the Indonesian Institute for Corporate Governance                         The party that conducted the CGPI assessment is The
(IICG) and the GCG assessment is based on the ASEAN                       Indonesian Institute of Corporate Governance (IICG).
Corporate Governance Scorecard standards conducted
by the FSA and the Indonesian Institute for Corporate                     Rating Score
Directorship (IICD).

                                                                               CGPI Score

GCG Rating - Corporate Governance                                                                                               91.52
Perception Index (CGPI) Award
                                                                                                                    90.52
                                                                                                         89.83
The Company constantly takes part in ratings and                                              89.62

the Corporate Governance Perception Index survey,                                 88.62
hereinafter abbreviated as CGPI, every year, which is
organized by the Indonesian Institute for Corporate
Governance (IICG). CGPI is a research program and
                                                                                   2019       2020       2021       2022        2023
rating of the quality of corporate governance with the
following assessment stages:
1. The instrument and Document Analysis Stage is                          The results of the CGPI assessment over the past five
    conducted through the following activities:                           years have become a reference for companies in
    a. Self Assessment.                                                   improving the implementation of GCG in a measurable
    b. Document Assessment.                                               manner. In 2024 (for the 2023 financial year assessment),
2. Observation Stage                                                      the Company recorded an increase in score compared
    The observation stage is performed through                            to the previous year. This achievement reflects the
    clarification of the assessment instruments and the                   Company’s commitment to continue to support the
    Company’s documents’ extensiveness, executive                         achievement of the company’s vision and mission in a
    exposure, and internal discussions.                                   sustainable manner.


Recommendations and Follow Up


No.                    Recommendation                                                      Follow-up Action

 Governance Structure

  1.   BTN needs to consider and respond to gender                The structure of BTN's Board of Commissioners has taken gender
       diversity within the structure of the Board of             diversity into account. Currently, the Board of Commissioners consists
       Commissioners.                                             of 9 (nine) members, of which 1 (one) is a woman.

 2.    BTN needs to establish an organizational structure         BTN updated its organizational structure in 2024, outlined in Technical
       design that aligns with the company's business plan        Guidelines Number PT.3-A.6 regarding the Organizational Structure of
       and fills the vacancies in the functional structure that   the Head Office, Regional Offices, and Branch Offices.
       are under the responsibility of the Board of Directors.


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No.                  Recommendation                                                    Follow-up Action

3.    BTN needs to periodically update its policies and      To strengthen governance and eliminate regulatory overlaps while
      corporate strategies through comprehensive risk-       facilitating employees' daily operational activities, the Bank undertook a
      based analysis related to the dynamics of the          transformation, including transforming internal regulations. All existing
      business and industrial environment to optimize the    Internal Regulations under the old Policy and Procedure Architecture
      company's potential.                                   have been transformed into the New Policy and Procedure Architecture
                                                             with the following details:
                                                             1. 10 (ten) General Policies have been issued as Umbrella Policies for all
                                                                operational activities of the Bank.
                                                             2. 153 (one hundred fifty-three) Specific Policies (KK) have been issued
                                                                as derivative regulations of the General Policies.
                                                             3. 280 (two hundred eighty) Technical Guidelines have been issued as
                                                                derivative regulations of the Specific Policies.

4.    BTN needs to optimize data governance policies that    BTN has established data governance policies through Specific
      comply with applicable regulations, refer to best      Policy Number KK.9-M on Data Governance Guidelines and Technical
      practices, and align with the Company's strategic      Guidelines Number PT.9-M.1 on Data Governance Guidelines.
      plan.

Governance Process

 1.   BTN needs to optimize the strengthening of internal    The Company conducted an ICOFR Diagnostic Review with an
      controls, including through the implementation of      independent consultant, aimed at enhancing internal control over
      Internal Control over Financial Reporting (ICOFR) to   financial reporting. In implementing OJK Regulation Number 15 of 2024
      enhance reporting accountability aligned with the      concerning the Integrity of Bank Financial Reporting, the Company
      Company’s strategic plan.                              currently has internal policies related to ICOFR.

2.    BTN needs to optimize the implementation of            Strengthening the risk culture is essential to maintaining commitment
      a comprehensive risk culture and evaluate its          and ensuring that the risk culture policy is understood and implemented
      implementation to create a strong foundation           by all management and employees. The risk culture strategy is aligned
      for optimizing sustainable business growth while       with the Bank’s risk management strategy. The Bank establishes an
      maintaining alignment with the established risk        annual risk culture roadmap aligned with the desired maturity level,
      appetite.                                              monitors the risk culture implementation by measuring risk culture
                                                             maturity levels at least once a year by internal teams and once every
                                                             three years by independent external teams. Some of BTN's risk culture
                                                             implementation and enhancement programs include:
                                                             1. Risk Economic Outlook is an annual agenda discussing strategies
                                                                 for setting risk appetite and risk tolerance. This forum raises risk
                                                                 awareness among the Board of Commissioners and Directors to
                                                                 enable strategic decision-making
                                                             2. The Bank actively conducts Portfolio Quality Review Forums attended
                                                                 by the Board of Directors, Divisions, CBC, and Branch Offices to
                                                                 provide updated insights into credit positions and quality both
                                                                 bankwide and per credit segment.
                                                             3. Visits and awareness programs for internal control testing and data
                                                                 cleansing were conducted to improve the quality of the loss event
                                                                 database at BTN.
                                                             4. Fostering a compliance culture by ensuring that every business
                                                                 process adheres to applicable internal and external regulations and
                                                                 SOPs.
                                                             5. Continuous preventive measures are implemented to avoid
                                                                 significant weaknesses in the first line of defense, accompanied
                                                                 by corrective action plans through coordination between the Risk
                                                                 Management Unit and the Internal Audit Unit.
                                                             6. Operational risk control is strengthened through various activities
                                                                 such as seminars, workshops, and risk outlooks.
                                                             7. Risk management culture is internalized through socialization,
                                                                 training, and e-learning on risk culture for all employees via BTNbest,
                                                                 with understanding levels measured through quizzes.
                                                             8. The Bank has an operational risk control system across its entire
                                                                 network. BTN raised awareness of the use of the ORMIS Application
                                                                 as part of risk management implementation across all branch office
                                                                 networks.
                                                             9. An annual Event Culture Day is organized by BTN, inviting external
                                                                 speakers to enhance risk awareness across all organizational levels.
                                                                 This event integrates risk awareness into every operational and
                                                                 business activity while instilling values that support achieving risk
                                                                 management goals in alignment with the Bank's business objectives.
                                                             10. Risk awareness activities related to IT, Digital, and Cyber Risks are
                                                                 regularly conducted, involving all employees through e-learning
                                                                 and socialization via branch office visits. These activities enhance
                                                                 risk understanding and awareness in IT, Digital, and Cyber areas to
                                                                 support comprehensive risk management.
                                                             11. Fraud vulnerability risk awareness is conducted through Fraud Risk
                                                                 Assessment (FRA) across all Work Units.




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No.                 Recommendation                                                   Follow-up Action

 3.   BTN needs to develop mitigation measures and          In line with OJK Regulation 12/2024 on the Implementation of Anti-Fraud
      improve work processes to prevent the occurrence      Strategy (SAF) for Commercial Banks, BTN has developed a roadmap for
      or recurrence of fraud, non-fraud cases, penalties/   the Anti-Fraud Strategy (SAF) for the next three years (2024-2026). This
      fines, and other violations.                          roadmap is based on the four pillars set by Financial Services Authority
                                                            (OJK), expanded into ten aspects:
                                                            1. Organization,
                                                            2. Strategy & Policy,
                                                            3. Procedure and Governance,
                                                            4. Process,
                                                            5. Fraud Investigation
                                                            6. System,
                                                            7. Use of Data,
                                                            8. Use of Analytics,
                                                            9. Digital Channels,
                                                            10. Reporting/Training.

 4.   BTN needs to develop a structure and system           BTN has established Special Policy No. KK.9-Z dated August 31
      related to consumer/customer protection and           concerning Customer and Community Protection. This policy ensures
      empowerment, ensuring reliability and periodic        maximum protection for customers and the public by providing clear,
      evaluation of its implementation.                     accurate, and transparent information about products and/or services
                                                            offered by the Bank.

                                                            The implementation of BTN's consumer protection principles includes:
                                                            1. Strengthening HR and Consumer Protection Infrastructure:
                                                               Establishing a structure at each BTN Branch Office to implement
                                                               consumer protection principles seriously.
                                                            2. Strategic Planning Cycle for Financial Literacy and Inclusion
                                                               Education: BTN has developed education, literacy, and inclusion
                                                               programs aimed at consumers and the community, conducted
                                                               periodically each year to enhance Digital Inclusion Development.
                                                            3. Internal Consumer and Community Protection Regulations: Adopting
                                                               external regulations related to consumer protection (Customer
                                                               Protection, Education and Inclusion, Personal Data Protection) as
                                                               internal BTN policies to guide Bank activities.
                                                            4. Improving Complaint Services: Providing easily accessible complaint
                                                               channels and ensuring complaint handling complies with the
                                                               applicable Service Level Agreement (SLA).

 5.   BTN needs to ensure the reliability and security of   To maintain Information Technology (IT) security, BTN focuses on three
      data, networks, systems, and information technology   main pillars: People, Process, and Technology. More detailed information
      to safeguard against hacking risks and misuse by      can be found in the Information Technology section.
      unauthorized parties.

 6.   BTN needs to optimize the use of information          The Company measures and evaluates the implementation of resilience
      technology and data to periodically evaluate the      and security controls to optimize information security processes,
      impact of ESG implementation and sustainable          including:
      finance.                                              1. Obtaining ISO 27001:2022 Certification
                                                                To ensure that human resources, governance, and technology
                                                                comply with industry standards (International Standard
                                                                Organization), BTN has undergone the certification process and
                                                                received certification number IS 790715.
                                                            2. Achieving Cyber Security Maturity (CSM)
                                                                BTN, in collaboration with the National Cyber and Crypto Agency
                                                                (BSSN), conducted a Cyber Security Maturity (CSM) assessment
                                                                to measure the level of information security implementation and
                                                                maturity at BTN. Based on the assessment results by BSSN, BTN
                                                                achieved maturity level 5 (Optimal Implementation), indicating
                                                                well-organized and automated cybersecurity implementation,
                                                                conducted formally, consistently, periodically reviewed, and
                                                                continuously improved.
                                                            3. Implementing IT Security Index
                                                                BTN developed an IT Security Index to monitor the effectiveness of
                                                                security awareness programs aimed at fostering a Security Culture
                                                                among employees across all Work Units, mitigating risks related to
                                                                cybersecurity and information security.




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No.                   Recommendation                                                        Follow-up Action

 7.   BTN needs to optimize the system and mechanism             BTN is committed to ensuring that all financial products and services
      for   innovation    management      continuously,          offered meet high standards of equality, security, and compliance while
      considering adopting or obtaining certification            mitigating potential risks. All products and services, whether new or
      under ISO 56002:2019 - Innovation Management               updated, are designed with customer needs in mind, including features,
      System.                                                    convenience, reliability, and regulatory compliance. Before launch, all
                                                                 products and services undergo thorough testing to ensure the protection
                                                                 of customer personal data and secure transactions according to
                                                                 established standards. This process is part of risk mitigation efforts to
                                                                 prevent service disruptions and safeguard customer data integrity.

Governance Outcome

 1.   BTN needs to take progressive measures in handling         The Bank has assigned employees in Regional Offices as Regional Legal
      all ongoing legal matters and strive for optimal risk      Representatives (RLR) who have the following duties and responsibilities:
      mitigation for all legal disputes, as well as preventing   1. Providing legal assistance for litigation issues raised by any work
      the recurrence of legal issues for the Company.               unit related to the Bank's operational activities within their respective
                                                                    jurisdictions.
                                                                 2. Carrying out legal activities representing the Bank in court
                                                                    proceedings or out-of-court settlements within their jurisdiction.
                                                                 3. Providing legal opinions and consultations on litigation issues raised
                                                                    by work units within their jurisdiction.
                                                                 4. Performing legal watch functions within their respective regions.

 2.   BTN needs to evaluate follow-up actions related            BTN actively involves stakeholders in the process of formulating
      to relationships with all Company stakeholders to          sustainability agendas by considering the Bank's social responsibility,
      enhance stakeholder engagement and increase                environmental concerns, and prioritizing strategic communication with
      Company value.                                             various partners. In identifying stakeholder groups, the Bank sets several
                                                                 criteria to ensure constructive and mutually supportive engagement in
                                                                 achieving sustainability objectives. These criteria include:
                                                                 1. Influence
                                                                     The stakeholders influence decisions made by BTN related to
                                                                     business sustainability.
                                                                 2. Dependency
                                                                     BTN depends on these stakeholders, either directly or indirectly.
                                                                 3. Needs
                                                                     These stakeholders understand the needs, expectations, and
                                                                     aspirations of each stakeholder group related to the company's
                                                                     activities, products, or services.
                                                                 4. Diversity
                                                                     These stakeholders possess diverse characteristics, backgrounds,
                                                                     and interests, which must be understood and respected to ensure
                                                                     inclusive policies and decisions that fairly meet various needs.
                                                                 5. Willingness to participate
                                                                     hese stakeholders are willing to engage in decision-making
                                                                     processes and corporate initiatives to achieve mutually beneficial
                                                                     goals.

 3.   BTN needs to enhance the handling of complaints            The Company has collaborated with the Corruption Eradication
      received from various sources to build greater trust       Commission (KPK) of the Republic of Indonesia concerning the handling
      among the Company's stakeholders.                          of the Whistleblowing System (WBS) as part of the anti-corruption
                                                                 effort. This collaboration aims to build and enhance the effectiveness
                                                                 and efficiency of complaint handling both internally and externally,
                                                                 integrating professional, transparent, and accountable mechanisms
                                                                 while prioritizing confidentiality to optimize the eradication of corruption.

4.    BTN needs to improve the evaluation of Social and          BTN has established the ESG Committee and ESG Department
      Environmental Responsibility (TJSL) measurements           responsible for governance and sustainability initiatives. BTN also
      with TJSL performance indicators as part of                promotes responsible banking culture through sustainability training
      sustainable financial disclosures.                         for key employees. BTN's sustainability report is prepared in accordance
                                                                 with the Global Reporting Initiative (GRI) standards and verified using
                                                                 AA1000 to ensure accuracy and transparency. BTN remains committed
                                                                 to setting more specific sustainability targets and measuring progress
                                                                 through Key Performance Indicators (KPI). With an integrated strategy,
                                                                 BTN actively supports community welfare, environmental preservation,
                                                                 and sustainable economic growth.




                                                                                       PT Bank Tabungan Negara (Persero) Tbk             819
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                                                 Corporate
                                                 Governance




GCG Assessment Based on ASEAN                                 Score Ratings
Corporate Governance Scorecard
(ACGS)                                                        Based on the assessment results of 100 listed
                                                              companies based on the ACGS criteria carried out by
Another GCG assessment that the Company participates          representatives of CG Expert and DRB Indonesia (PT RSM
in is the ASEAN Corporate Governance Scorecard, a             Indonesia) in 2022 and the results were announced on
standard for measuring Governance practices agreed            December 1, 2022, BTN successfully obtained awards in
upon by the ASEAN Capital Market Forum (ACMF). The            the following 2 categories “Top 3 Indonesian PLCs” and
ACGS is an initiative of ASEAN countries as members of        10 (ten) listed companies in Indonesia that are included
the ACMF to support corporate governance practices to         in the category “ASEAN Asset Class Thresholds.
promote ASEAN as a classy asset and increase global
investors’ confidence in the quality of companies in the      Based on the results of the ASEAN Asset Class assessment
ASEAN region.                                                 in 2021 for the 2020 Fiscal Year, there were 10 Indonesian
                                                              Listed Companies with a score of 97.5 and above.
                                                              There are 3 (three) Listed Companies that received the
Assessment Criteria                                           highest ACGS score (Top 3 Indonesia PLCs), one of which
                                                              is PT Bank Tabungan Negara (Persero) Tbk. In addition,
The ACGS assessment has 5 aspects which are                   the Company also received an award as a Listed
categorized into the following 2 levels:                      Company included in the ASEAN Asset Class category.
1. Level 1 consists of 5 parts as follows:                    Based on the ACGS assessment report submitted by the
   - Part A: Rights of Shareholders                           Financial Services Authority (OJK) and the Indonesian
   - Part B: Equitable Treatment of Shareholders              Stock Exchange (BEI), the Company’s total score based
   - Part C: Role of Stakeholders                             on ACGS parameters in 2021 is 111.82. This score increased
   - Part D: Disclosure and Transparancy                      from the Company’s score at the 2019 ACGS event held
   - Part E: Responsibility of the Board                      by ACMF with a score increase
2. Level 2 consists of Bonus and Penalty.                     of 1.53 points. This assessment is reviewed based on
                                                              disclosure of the Company’s governance practices
                                                              through information that is publicly available and
Parties Conducting the Assessment                             accessible to the general public, and includes
                                                              information contained in the annual report, website,
Each ASEAN country appoints representatives of                announcements and circulars made by the Company.
the Domestic Ranking Body (DRB) and Corporate                 The information used in the assessment is information
Governance (CG) Experts to conduct assessments                presented in English with a cut-off date of 31 August
based on ACGS parameters. In this regard, DRB and             2021. Based on the results of the 2021 ASEAN Asset Class
CG Experts from Indonesia are represented by PT RSM           assessment, the Company was successfully designated
Indonesia.                                                    as a Top 3 company of Indonesian PLCs and ASEAN
                                                              Asset Class.




820      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                     2024
                                                                                                             Annual Report




In the last 3 (three) year periods, BTN’s ACGS scores were as follows:


     ACGS Score



            113
                                                                                                               111,82
            112

             111                                                       110,29

            110

            109

            108

            107
                         105,63
            106

            105

            104

            103

            102


                                  2017                                    2019                                  2021




In 2024, the Company also prepared for the 2024 ACGS assessment based on the ACGS Revised Version 2 – March 2024
criteria. This indicates that the implementation of GCG within the Company has continued to improve year by year.



  Level/
                   Corporate Governance Standart Criteria                  Status                           GAP
 No. Item

 Level 1

     A.1     Basic Rights of Shareholders.                                 Comply

    A.2      The right to participate in decisions regarding               Comply
             fundamental corporate changes.

    A.3      The right to participate effectively and use votes in         Comply   The Company has not disclosed the use of
             the GMS as well as the right to obtain information                     independent parties (observers) to carry out/
             regarding the rules that apply to the GMS.                             validate the vote count at the GMS.

    A.4      Markets for corporate control must be allowed to              Comply
             function efficiently and transparently.

    A.5      The exercise of ownership rights by all shareholders,         Comply
             including institutional investors, must be facilitated.



     B.1     Voting rights and share ownership.                            Comply

    B.2      GMS Notification                                                   -   a.   Disclosure of the profiles of candidates for the
                                                                                         Board of Commissioners and Directors is not
                                                                                         yet available in the GMS Invitation.
                                                                                    b.   The invitation to the GMS does not contain
                                                                                         information regarding the External Auditor who
                                                                                         will be appointed at the GMS.

    B.3      Prevent insider trading and abuse for personal gain.          Comply




                                                                                    PT Bank Tabungan Negara (Persero) Tbk           821
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                                                         Corporate
                                                         Governance




 Level/
             Corporate Governance Standart Criteria                   Status                       GAP
No. Item

  B.4      Related party transactions carried out by the Board of     Comply
           Commissioners and Directors.

  B.5      Protecting minority shareholders from violations.          Comply



  C.1      Hak-hak pemangku kepentingan yang ditetapkan               Comply
           oleh hukum atau melalui perjanjian bersama harus
           dihormati.

  C.2      Stakeholder interests are protected by law,                Comply
           stakeholders must receive effective redress for any
           violation of their rights.

  C.3      Mengembangkan mekanisme peningkatan kinerja                Comply
           untuk karyawan.

  C.4      Stakeholders including individual employees and            Comply
           their representative bodies, must be able to freely
           communicate their concerns about illegal practices
           or unethical actions to the Board of Commissioners
           and their rights must not be compromised in doing
           this.



   D.1     Ownership Structure Transparency                           Comply

  D.2      Quality of Annual Report                                     -      The Company has not disclosed the remuneration
                                                                               of each member of the Board of Directors and
                                                                               Board of Commissioners.

  D.3      Disclosure of Related Party Transactions                   Comply

  D.4      Relationship between Director and             Board   of   Comply
           Commissioners in Company Shares.

  D.5      External Auditor and Auditor’s Report                      Comply

  D.6      Communication Media                                        Comply

  D.7      Timely Submission/Issuance      of      Annual/Financial   Comply
           Reports

  D.8      Company Website                                            Comply

  D.9      Investor Relations                                         Comply



   E.1     Board Duties and Responsibilities                          Comply

  E.2      Board Structure                                            Comply   Not all members of the Nomination and
                                                                               Remuneration Committee are independent
                                                                               commissioners.

  E.3      Board Process                                              Comply

  E.4      Board Position                                             Comply

  E.5      Board Performance                                          Comply




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                                                                                                        Annual Report




Recommendations and Follow-up


No.                 Recommendation                                                   Follow-Up Action

  1   Provide opportunities for all shareholders to         The Company has provided opportunities for all shareholders to vote for
      individually vote for candidates for the Board of     candidates for the Board of Directors and/or Board of Commissioners
      Directors and/or Board of Commissioners.              individually. However, individual voting for each Director and/or
                                                            Commissioner was not conducted.

  2   Disclose the involvement of External Stakeholders     The Company has disclosed the involvement of External Stakeholders in
      in exchanging views and providing suggestions         exchanging views and providing suggestions on material sustainability
      on material sustainability issues relevant to the     issues relevant to the Company's business, as stated on the Company's
      Company's business.                                   website.

  3   Ensure the Company discloses information              The Company ensures the disclosure of remuneration for each member
      regarding remuneration details along with the total   of the Board of Commissioners. The remuneration should include the
      amount paid for each member of the Board of           following: 1. Fees 2. Allowances 3. Other salaries (including benefits
      Commissioners                                         in kind). The Company has disclosed detailed information on the
                                                            remuneration received by each member of the Board of Commissioners
                                                            and Directors, but has not yet disclosed the total remuneration paid.

  4   Disclose that an annual performance evaluation of     The Company has disclosed information on the annual performance
      the Board of Directors and Board of Commissioners     evaluation of the Board of Directors and Board of Commissioners for the
      has been conducted in the current year.               current year, as presented in the annual report.




GCG Assessment in TOP GRC 2024                                          1) PT Bank Tabungan Negara (Persero) Tbk as
                                                                           #5 Stars, namely Systems, infrastructure, and
The Company also participated in the TOP GRC 2024                          implementation related to Good Corporate
event, which is an annual corporate rating (award)                         Governance (GCG), Risk Management, and
activity in the field of Corporate Governance (GCG).                       Compliance Management, as well as the use of
Risk Management, and Compliance Management.                                digital technology in the company, are at a Very
The purpose of organizing TOP GRC is to encourage                          Excellent (Extraordinary) level, so that it greatly
the improvement of the company’s business through                          supports the success of GRC implementation and
the development of policies and implementation                             the improvement of the company’s sustainable
of Integrated GRC. The theme of TOP GRC 2024 is                            business performance.
“Leadership for Sustainable Impact: GRC, ESG, and                       2) PT Bank Tabungan Negara (Persero) Tbk as TOP
SDGs”. In organizing the TOP GRC 2023 award, Top                           GRC Awards 2024 # Golden Star Trophy, namely
Business Magazine collaborated with the Indonesian                         Winner of TOP GRC Awards - 5 Star Predicate, for
GRC Association, IRMAPA (Indonesian Risk Management                        3 consecutive years or 3 times non-consecutive,
Professional Association), ICoPI (Indonesian Compliance                    in 5 years.
Professional Institute), and PaGi (Indonesian Governance                3) Mr. Nixon L.P. Napitupulu (President Director of
Professional Association), and was supported by several                    PT Bank Tabungan Negara (Persero) Tbk) as
GCG and Risk Management consulting companies. The                          The Most Committed GRC Leader 2024, namely
stages that have been carried out include:                                 This award is given to Business Leaders or
a. Implementation of the interview and question                            President Directors/Top Leaders in companies
    and answer stages conducted by the Board of                            who are considered to have a high commitment
    Commissioners, Board of Directors and the Top GRC                      in supporting the completeness of systems
    2023 Jury was on June 20, 2024.                                        and infrastructure and the success of GRC
b. On September 5, 2024, the TOP GRC 2024 awards                           implementation in the company.
    ceremony was held, BTN successfully received                        4) The Board of Commissioners of PT Bank
    awards including:                                                      Tabungan Negara (Persero) Tbk as The High
                                                                           Performing Board of Commissioners on GRC
                                                                           2024, namely an Award to the Company’s
                                                                           Board of Commissioners, which is considered
                                                                           to have a high commitment in supporting the
                                                                           completeness of the system and infrastructure
                                                                           as well as the successful implementation of GRC
                                                                           in the company.




                                                                                PT Bank Tabungan Negara (Persero) Tbk         823
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                                                 Corporate
                                                 Governance




GCG Evaluation Based on GRC &                                 −   On August 30, 2024, the 2024 GRC and Performance
Performance Excellence                                            Excellence awards ceremony was held, BTN
                                                                  successfully received awards including:
The Company also participated in the GRC & Performance            1. PT Bank Tabungan Negara (Persero), Tbk as
Excellence 2023 event, an annual corporate rating                    The Greatest Champions Of GRC Excellence
(award) in the fields of Corporate Governance (GCG),                 Performance 2024 (Banking Industries).
Risk Management, and Compliance. The program aims                 2. PT Bank Tabungan Negara (Persero), Tbk as The
to drive business improvement through the development                Best GRC For Board Of Director 2024 (Banking
and implementation of corporate governance policies,                 Industries).
risk management, and compliance with regulations in               3. Mr. Nixon Napitupulu as The Best Chief Executive
an integrated manner. Stages conducted include:                      Officer 2024 (Banking Industries).
− Implementation of the interview and question                    4. Mr. Eko Waluyo as The Best Chief Compliance
    and answer stages conducted by the Board of                      Officer 2024 (Banking Industries).
    Commissioners, Board of Directors and the 2023 GRC
    & Performance Excellence Jury was on July 18, 2024.




824      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                              Annual Report




ASEAN CG SCORECARD ASSESSMENT BY IICD 2024                    Based on the assessment conducted by the Indonesian
                                                              Institute for Corporate Directorship (IICD), Bank BTN has
The ASEAN Corporate Governance Scorecard (ACGS)               successfully achieved the following category:
is implemented to support efforts aimed at enhancing          a. TOP 50 Companies with the Largest Market
investor confidence in the quality of companies in the            Capitalization (BigCap PLCs) with Best Corporate
ASEAN region through the improvement of governance                Governance Practices.
standards and practices. ACGS is participated by              b. The Best Financial Sector 2024.
entities from all ASEAN jurisdictions, including Indonesia,
Malaysia, the Philippines, Singapore, Thailand, and
Vietnam. The benefits and objectives of the ASEAN CG
Scorecard are as follows:
a. The need for a reference that can be used as a guide
    in preparing an effective strategy for improving
    future corporate governance practices.
b. Enhancing standards and practices of corporate
    governance for publicly listed companies in ASEAN.
c. Boosting global investment attractiveness for well-
    governed publicly listed companies in ASEAN.




                                                                        PT Bank Tabungan Negara (Persero) Tbk    825
Page 395
SOCIAL AND
ENVIRONMENTAL
RESPONSIBILITY
PROGRAM

Throughout 2024, the Company
successfully implemented the
right strategies and initiatives so
that the Company successfully
recorded positive and sustainable
achievements. Until December
2024, the Company successfully
distributed 2024 Corporate Social and
Environmental Responsibility (CSER)
funds amounting to IDR88.96 billion,
through various activities carried out
in the CSER Program that support the
Company in achieving Sustainable
Development Goals.




826   PT Bank Tabungan Negara (Persero) Tbk
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PT Bank Tabungan Negara (Persero) Tbk   827
Page 397
                                                         Social and Environmental
                                                         Responsibility Program




The Company’s Social and Environmental Responsibility          The Ministry of SOEs encourages all corporations under
– later abbreviated to CSER- of SOEs is the                    its supervision to support the success of the CSER of SOEs
implementation of the company’s commitment towards             program to make contributions to society. The program
sustainable development. This program aims to make a           focuses on three priority areas namely education,
constructive contribution to the economy, social sector        environment and development of micro, small and
and environment, as well as regulation and governance          medium enterprises (MSMEs). The implementation of the
in accordance with integrated and directed principles.         BUMN CSER Program applies the principles of integration,
This program ought to generate measurable impacts,             direction, measurable impact and accountability.
is accountable and becomes a part of the Company’s
business approach. As one of the biggest banks in              The accomplishment of the Company’s CSER
housing loans (KPR) as well as a state-owned enterprise        Program intends to make contributions to sustainable
(SOEs), the Company is committed to supporting                 development, support business in the long term and
sustainable development. Factual assistance is                 fulfill the expectation of related stakeholders. The
provided by the Company by conducting selected                 Company interprets the CSER program not only as an
financing following the principles of sustainable finance.     endeavor to construct a harmonious and mutualistic
                                                               relationship with the environment, community and
The Company continues to strengthen its commitment             stakeholders on local, national and global scale but also
to social and environmental responsibility through             as an effort to make a positive impact and contribution
integration     with   the   Sustainable   Development         to sustainable economic development. The moral duty
Goals (SDGs) and implementation of the Social and              of the company is to help the business flourish and
Environmental Responsibility (CSER) program. As a form         improve the domestic sustainable economy by holding
of implementation of the Minister of BUMN Regulation           onto integrity values, obeying the law and constitution
PER-1/MBU/03/2023 concerning Special Assignments               and upholding business ethics.
and Social and Environmental Responsibility Programs
for State- Owned Enterprises, the Company has prepared
initiatives that focus on sustainable development goals
and concern for the environment.




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                                                                                                            2024
                                                                                                    Annual Report




The TJSL program in 2024 is focused on the main pillars         4. Legal and Governance, realizing legal certainty and
based on the Regulation of the Minister of State-Owned             effective, transparent, accountable and participative
Enterprises Number PER-05/MBU/04/2022 concerning                   governance to create security stability and achieve
the Social and Environmental Responsibility Program                a state based on law.
of State-Owned Enterprises and the Regulation of the
Minister of State-Owned Enterprises of the Republic             Throughout its implementation, CSER Program is in
of KPR Number PER-6/MBU/09/2022 concerning                      accordance with the following principles:
Amendments to the Regulation of the Minister of State-          1. Integrated, meaning that it is conducted based on
Owned Enterprises Number PER-05/MBU/04/2022                        risk analysis and business processes relevant to the
concerning the Social and Environmental Responsibility             stakeholders.
Program of State-Owned Enterprises and PER-01/                  2. Targeted, meaning that it goes in a clear direction to
MBU/03/2023 concerning Special Assignments and                     reach the Company goals.
Social and Environmental Responsibility Programs of             3. Measurable, meaning that it makes contributions
State-Owned Enterprises, namely social, environmental,             and presents benefits that bring transformation or
economic, and legal and governance.                                added value for stakeholders and the Company.
                                                                4. Accountable, meaning that being accountable to
CSER Program was implemented in accordance with the                avoid potential abuse and irregularity.
main pillars, described below:
1. Social, achieving the fulfillment of quality basic           The current CSER Program is no longer referred to the
   human rights fairly and equally to improve the               old Corporate Social Responsibility (CSR) model that
   welfare of the community.                                    is based on charity or philanthropy activities but is
2. Environment,         implementing         sustainable        supposed to create added value or Creating Shared
   management towards natural resources and                     Value (CSV). CSV refers to the CSER agenda that offers
   environment as the support for all lives.                    sustainable added value for the community and is able
3. Economy, attaining quality economic growth                   to present benefits for Company in line with the Focus
   through sustainable employment and business                  and Pillars of CSER.
   opportunity, innovation, inclusive industry, adequate
   infrastructure, affordable clean energy and
   supported by partnerships.




Differences between CSR Programs and CSER Creating Shared Value (CSV)

                                       CSR                                           CSER CSV


                             Pure    social    assistance Social support which offers/creates economic value for beneficiaries
                Philosophy
                             (charity, philanthropy)      and Companies




                                                          • It provides solutions to social problems, offering sustainable
                             Good deeds with no return
                  VALUE                                     economic benefits to the community
                             to the Company
                                                          • BTN receives impacts from the social assistance



                             Benefits are bounded only
                                                        It gives social, economic and environmental impacts on the
                 Outcome     for recipients and are not
                                                        community and is related to sustainable company business
                             sustainable




                                                                           PT Bank Tabungan Negara (Persero) Tbk        829
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                                                         Social and Environmental
                                                         Responsibility Program




The The Company’s Commitment to
Social and Environmental Responsibility

The Company views the implementation of Social                 The Company provides support and contribution
and Environmental Responsibility (CSER) as a form of           to the achievement of SDGs, namely development
accountability for the existence of the Company to all         that prioritizes harmony between economic, social
stakeholders. The Company carries out various activities       and environmental aspects. With the support and
in the CSER Program that are appropriate and relevant          contribution, the Company believes that it has laid
to the Company’s business and activities as well as            down a sustainable foundation, i.e. by creating long-
possible. The implementation of the TJSL program is            term value which is through the creation of sustainable
carried out as a form of the Company’s participation in        competitive advantage not only for the Company, but
efforts to improve the economic level of the community         also for the wider community and environment and
directly affected by the economic crisis caused by the         strengthening resilience.
Covid-19 pandemic, as well as part of its contribution to
sustainable development.




                                                    SDGs Pillars




           SOCIAL PILLARS             ECONOMIC PILLARS             ENVIRONMENT PILLARS           LEGAL AND
                                                                                             GOVERNANCE PILLARS




Sustainable Development Goals (SDGs) are a global              Targets which are expected to be achieved by 2030.
action plan agreed by the world leaders, including             The Company is aware of its obligation to participate
Indonesia’s. Indonesia’s commitment to realizing               in the achievement of the SGDs, especially at point
Sustainable   Development      Goals   is   stipulated         11, i.e. developing decent, safe and affordable cities
through Presidential Regulation No. 59 of 2017 on the          and settlements for everyone by 2030 through house
Implementation of the Achievement of Sustainable               ownership financing (KPR) products for the community.
Development Goals. SDGs contains 17 Goals and 169




830      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                          2024
                                                                                                  Annual Report




ESG And CSER
Program Committee

In proposing this ESG framework, strategy and roadmap,         with internal participants consisting of 20 divisions,
the Company also pays attention to stakeholder                 which aim to be supporting validators for the proposed
involvement, including conducting benchmarking                 draft ESG framework, strategies and initiatives, thereby
with companies that have implemented ESG both                  forming an ESG framework that is in line with the
domestically and abroad and holding an ESG Workshop            Company’s readiness and ambitions.




Duties and Responsibilities of the ESG Committee

The Environmental, Social and Governance (ESG)                 1. Decisions on the Bank’s strategy that has an impact
Committee, which was formed to achieve Sustainable                on the environment, social and governance in the
Development Goals and Climate targets, plays a                    ESG program and roadmap.
role in providing recommendations to the President             2. Monitoring the implementation of the Bank’s ESG
Director to formulate policies, strategies and targets            strategy and roadmap.
for ESG and CSER programs that have an impact on the           3. Provide information to the Company’s management
environment, social and governance as well as facilities          regarding ESG-related issues including legislation,
in carry out monitoring and decision making related to            government programs, international developments,
the implementation of the Company’s ESG and CSER                  future business trends and climate change.
programs.                                                      4. Monitor, evaluate and provide recommendations
                                                                  on the results of ESG reports, concerned investors or
The duties of the ESG Committee is to carry out                   other third parties regarding ESG implementation.
evaluations and provide recommendations to the
President Director regarding ESG, among others:




Membership Structure

The ESG Committee is regulated in Special Policy No. KK.9 - D concerning Governance Procedures The Board of Directors
Committee has the following structure:



                      Structure                                             Position

     Chairman                           President director
     (concurrently permanent member)

                                        Vice President Director *)
                                        Director in charge of Risk Management **)
     Directors
                                        Director in charge of Human Capital, Compliance & Legal
     (concurrently permanent member)
                                        Director in charge of Asset Management
                                        Director in charge of Finance

                                        SEVP Wholesale Banking (Permanent Member)
     Directors/SEVP                     Other Directors/SEVPs according to the discussion material (Non-Permanent Members)
                                        SEVP in charge of Compliance and Legal (Non-Permanent Member)

*)
      Substitute Chairman I
**)
      Substitute Chairman II




                                                                           PT Bank Tabungan Negara (Persero) Tbk      831
Page 401
                                                           Social and Environmental
                                                           Responsibility Program




General Conditions of Social and
Environmental Responsibility Implementation

The Social and Environmental Responsibility (CSER) is a          In 2024, Company has accomplished some CSER
program mandated by the Government to State-Owned                agendas following the 4 (four) CSER Pillars namely Social,
Enterprises. CSER is motivated by environmental and              Economy, Environment and Law and Governance and 3
social problems arose as a result of rapid development for       (three) main focus, namely Education, Environment and
economic growth. Thus, the role of financial institutions is     MSMEs Development. The combination of the four CSER
needed in supporting sustainable development without             Pillars and three CSER focuses, Bank BTN classifies the
damaging the environment and society. CSER is seen as            agendas into:
a tangible manifestation of the Company’s contribution           1. Flagship CSER Program.
to the efforts in achieving the Sustainable Development          2. Creating Shared Value (CSV) CSER Program.
Goals, by providing economic, social, environmental and          3. Collaborative CSER Program.
legal and governance benefits with more integrated,
targeted, measurable and accountable principles.                 The three programs aim to maintain business continuity,
For the Company, CSER gives a strategic direction in             pure social and environment, branding and reputation.
developing financing portfolio for sustainable business
activities as well as changes that will be made by the           The Company understands that the substance of the
Company in business processes and risk management.               CSER program does not only lead to efforts to build
The changes achieved are relevant in the context of              harmonious and mutually beneficial relationships with
integrating Environmental, Social, Governance (ESG) risk         the environment, community and stakeholders—both
management in the Company’s business activities.                 locally, nationally and globally—but also leads to the
                                                                 Company’s mission to have a positive impact and
                                                                 contribution to sustainable economic development.



                     CSER Pillars, Focuses, Programs and Benefits Roadmap




   4                                3


            SOCIAL
                                    C
   P                                                                    FLAGSHIP CSER                    Business
                                    S                                     PROGRAM                       Continuity
   I                                      EDUCATION
                                    E
   L
                                    R
   A
         ENVIRONMENT

   R                                F

                                                                           CSV CSER                    Pure Social &
   S                                O                                                                  Environment
                                            MSMEs                          PROGRAM
                                         DEVELOPMENT
                                    C

  C       ECONOMY                   C

   S                                U

   E                                S                                  COLLABORATIVE
                                        ENVIRONMENT                                                     Branding &
                                                                       CSER PROGRAM                     Reputation
   R      LEGAL AND                 E
         GOVERNANCE




The Company is committed to fulfilling this responsibility


832      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                         2024
                                                                                                 Annual Report




by constantly running a sound business as well as             carried out by the Company is expected to provide
improving programs and activities related to CSER.            benefits for social and environmental development,
Various activities carried out simultaneously reflect the     contribute to added value creation for the Company
Company’s contribution to sustainable development             and foster the community’s micro and small businesses
goals whose implementation is based on the principles         to be more resilient and independent.
of the ISO 26000 standard. Thus, the CSER program



                                  7 Principles of ISO 26000 Standard


            Consumer                      Human                          Labour                   Environment
             Issues                        Right                        Practice




                        Organizational                    Fair                        Community
                         Governance                Operating Practice                Involvement
                                                                                   and Development




The implementation of the CSER program is oriented            The Company continues to be committed to
to achieving Sustainable Development Goals (SGDs)             encouraging sustainable finance through the integration
and is guided by ISO 26000, with the hope that the            of Environmental, Social and Governance (ESG) aspects
implementation of CSER at SOEs is more measurable,            in its operational activities. The Company’s journey in the
impactful and sustainable. The Company’s CSER                 ESG realm involves planning how the Company manages
program aims to:                                              environmental impacts, addresses social issues, and
1. Provide benefits for economic, social, environmental       maintains ethical governance standards in all of its
   and legal and governance development for the               banking operations. The Company’s implementation
   Company;                                                   of sustainable finance has been carried out since 2019
2. Contribute to the creation of added value for the          through the publication of the Sustainable Finance
   Company in integrated, directed, measurable and            Action Plan (RAKB) which refers to OJK Regulation No.
   accountable manners;                                       51 of 2017 concerning Sustainable Financing of Financial
3. Foster micro and small businesses and the                  Services Institutions, Issuers and Public Companies.
   surrounding communities to be more resilient and
   independent.                                               The Company as a State-Owned Enterprise (BUMN) and
                                                              one of the largest banks in Indonesia is committed to
Furthermore, the Company has also set strategic               supporting the realization of sustainable development.
objectives that are beneficial, sustainable and               This is realized by the Company by providing selective
supporting the streamlined operation of the Company.          financing, which is in line with the principles of sustainable
This goal setting is also based on the concept of People,     finance and the implementation of a sustainable Social
Planet and Profit Balance.                                    and Environmental Responsibility Program (CSER).




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CSER programs that support Sustainable Finance include:


                                                                                                             Program
 No.                                           Program Name                                               Implementation
                                                                                                             Work Unit

  1.    Development of public facilities and infrastructure in the form of green parks, play areas, and   Corporate Secretary
        Educational Play Tools (APE) in BTN Housing

  2.    Implementation of socialization and waste sorting in the BTN Housing environment                  Corporate Secretary

  3.    Rehabilitation of uninhabitable houses and healthy houses                                         Corporate Secretary

  4.    Construction of clean water facilities, washing, bathing, toilets (MCK) and healthy sanitation    Corporate Secretary
        for the community

  5.    Implementation of tree planting in green open spaces (RTH) and public facilities                  Corporate Secretary

  6.    Training support for MSMEs to Go Digital                                                          Corporate Secretary

  7.    Training and provision of infrastructure to improve MSME empowerment activities                   Corporate Secretary

  8.    Training for millennials to become Young Developers at BTN                                        Corporate Secretary

  9.    Development of community reading parks to eradicate illiteracy and improve reading and            Corporate Secretary
        writing

 10.    Providing scholarships to high-achieving students from underprivileged families                   Corporate Secretary

  11.   Support and cooperation with partners for the development of BTN outlets as a learning            Corporate Secretary
        facility




Realization of Corporate Social and Environmental Responsibility (CSER) 2024

Through the CSER program, the Company aims to                         pillars that encourages the Company to innovate and
have a positive impact on human social life and                       develop together with society. Therefore, the Company
the environment. The Company’s CSER program is                        continues to realize its strategic role in supporting
directed at empowering communities, improving the                     sustainable development and creating positive value
quality of life, and maintaining the sustainability of the            for all stakeholders.
surrounding ecosystem. CSER is one of the important



In 2024, BTN received the following awards:


 Media/Institution                                             Award                                              Date

 BUMN Track              4th CSER & CSR Award 2024                                                             July 30, 2024
                         1. Social Pillar (Gold)
                         2. Economic Pillar (Gold)
                         3. Environmental Pillar (Platinum)

 TopBusiness             1. TOP CSR Awards 2024 on # Stars 5                                                   May 30, 2024
                         2. TOP Leader on CSR Commitment 2024 (Nixon L.P. Napitupulu – President
                            Director)




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Highlights Of CSER Activities In 2024


 1   Social Pillar

     Growing together with the community is one of the Company’s main goals which is pursued through holding a series of activities
     that contribute to improving the quality of social, cultural, religious and social welfare life. This effort is in accordance with the
     achievements of SDGs 1, 2, 3, 4 and 5.




     BTN Holds BTN Ramadhan Safari Event

     BTN President Director, Nixon L.P. Napitupulu together with the      community spread across various regions including Bandung,
     Board of Directors and BTNers provided social assistance at the      Makassar, Palu, Surabaya, Jakarta, Serang, Bengkulu. The
     BTN Safari Ramadan event in April 2024. During this Ramadan          social assistance provided was in the form of compensation
     year, Company symbolically demonstrated its concern for the          and support for public facilities and infrastructure.



                                                   BTN Supports
                                                   Housing Environmental Education Facilities

                                                   BTN President Director, Nixon L.P. Napitupulu together with the BTN Management
                                                   Team aided in the form of educational facilities and infrastructure in the form of
                                                   children’s play facilities in the housing complex in the Cileungsi - Bogor area in
                                                   conjunction with the BTN mortgage and Micro Business Loan Mass Contract event
                                                   in July 2024.




 2   Economic Pillar

     In order to achieve quality and sustainable social economic growth, the Company carries out activities to increase employment
     and business opportunities. These various activities are expected to grow income and reduce poverty levels in society in
     accordance with SDGs 7, 8, 9, 10, and 17.



                                                   BTN Housingpreneur

                                                   In 2024, Company will implement a program initiative designed to support the
                                                   creation of a sustainable business system related to the housing ecosystem in
                                                   the form of a series of competitions and entrepreneurial training under the name
                                                   of the BTN Housingpreneur program. The series of activities will be carried out
                                                   through roadshows in 3 (three) cities, namely Yogyakarta, Bandung, and Jakarta.
                                                   Furthermore, the selection and awarding process will be carried out in early 2025.




                                                   Volunteer Service Activities

                                                   Through BUMN volunteer service activities, Company provides support to MSMEs
                                                   in Magepanda Village, Maumere, Sikka Regency, East Nusa Tenggara to empower
                                                   MSMEs, especially Maumere’s traditional woven fabrics.




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    3       Environmental Pillar

            Environmental preservation is a priority for the Company. Therefore, the Company carries out natural resource and environmental
            management activities which also aim to increase environmental awareness in society. This effort indirectly supports the
            achievement of SDGs 6, 11, 12, 13, 14, and 15.



                                                Coastal Area Conservation in
                                                Environmental Conservation Efforts

                                                To address environmental issues, Company collaborates with stakeholders such as: PPATK,
                                                BI, OJK, Local Government, Communities in the Bali province area to plant mangroves,
                                                release turtles and provide environmental education. The activities were carried out in the
                                                Tanjung Benoa area, Badung - Bali. The total planting of mangrove trees was 3,000 trees
                                                and the release of a total of 1,000 hatchlings.


Company’s TJSL budget in 2024 was allocated at IDR 88.98 billion with achievements up to December 2024 of IDR 88.96
billion or 100%.



                                                                        Work Budget Plan              Realization 2024
 No.                              Field of Activity                                                                                %
                                                                       per Sector 2024 (IDR)                (IDR)


A            SOCIAL PILAR

        1    SDG 1 (No Poverty)                                              8,000,000,000                11,045,972,420            138.1

        2    SDG 2 (Without Hunger)                                         15,000,000,000                21,159,374,300            141.1

        3    SDG 3 (Healthy and Prosperous Life)                            12,000,000,000                14,845,051,673            123.7

        4    SDG 4 (Quality Education)                                      10,000,000,000                8,645,104,300             86.5

        5    SDG 5 (Gender Equality)                                           285,000,000                  220,000,000             77.2

B            ECONOMIC PILAR

        1    SDG 7 (Clean and Affordable Energy)                              1,000,000,000               1,205,465,000            120.5

        2    SDG 8 (Decent Work and Economic Growth)                         6,000,000,000                5,278,260,444             88.0

        3    SDG 9 (Industry, Innovation and Infrastructure)                 7,500,000,000                6,236,867,228             83.2

        4    SDG 10 (Reducing the Gap)                                       5,000,000,000                1,445,294,797             28.9

        5    SDG 17 (Partnership To Achieve Goals)                            1,200,000,000                 495,017,300              41.3

C            ENVIRONMENT PILAR

        1    SDG 6 (Clean Water and Adequate Sanitation)                     2,000,000,000                   95,000,000              4.8

        2    SDG 11 (Sustainable Cities and Settlements)                    12,000,000,000               14,900,539,959            124.2

        3    SDG 12 (Responsible Consumption and Production)                   500,000,000                 1,079,576,859           215.9

        4    SDG 13 (Addressing Climate Change)                              2,300,000,000                  295,078,954              12.8

        5    SDG 14 (Ocean Ecosystem)                                        2,000,000,000                  375,120,000             18.8

        6    SDG 15 (Terrestrial Ecosystem)                                  3,000,000,000                 1,592,977,380             53.1

D            LAW AND GOVERNANCE PILARS

        1    SDG 16 (Peace, Justice and Strong Institutions)                  1,200,000,000                  50,000,000              4.2

TOTAL                                                                       88,985,000,000               88,964,700,614           100.00




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Realization of CSER In Accordance with 3 (Three) CSER Focuses

 1   Education Focus

     It is hoped that CSER Company will encourage or provide positive things, such as a scholarship program for young
     Indonesians so that they can get convenience and access to science and technology. Company encourages,
     upgrades, or provides positive things in the field of education, such as scholarships for underprivileged and high-
     achieving children, educational infrastructure, study room facilities and rehabilitation of teaching and learning
     buildings.




                                              Photos of TJSL
                                              Education Sector in 2024




 2   MSME Focus


     Company Social and Environmental Responsibility (CSER) is directed to establish micro, small and medium
     entrepreneurs in all areas through the provision of funding and empowerment of MSMEs. SOEs is expected
     to stimulate the establishment of micro, small and medium enterprise (MSMEs) and provide funding for the
     emerging micro, small and medium enterprises (MSMEs).

     In achieving quality and sustainable economic growth, the Company carries out activities to increase
     employment and business opportunities. These various activities are expected to grow income and reduce
     poverty levels in society in accordance with the Sustainable Development Goals.




                                              Photos of TJSL
                                              UMKM Sector in 2024




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 3    Environmental Focus


      CSER of SOEs was directed to preserve the nature sustainability by synergizing between the environment, people
      income and climate change. One of the programs is by planting beneficial trees, not only for greening and
      oxygen supply, but also for people income and environmental conservation.

      Environmental preservation is something the Company prioritizes. Therefore, the Company carries out natural
      resource and environmental management activities which also aim to increase environmental awareness in
      society. These efforts indirectly support the achievement of the Sustainable Development Goals.




                                                     Photos of TJSL
                                                     Environmental Sector in 2024




CSER Program Concept Of Creating Shared Value (CSV)


 1    Environmental Program


                 Program                                                                                  Types of         Number of
      No.                    SDG                              Location
                  Name                                                                                   Assistance       Beneficiaries


        1.     Greening in    SDG   Kep. Seribu, Bogor, Jakarta, Wonosobo, Semarang, Balikpapan,      Provision of tree   Planting
               Housing         15   Pare-pare, Bengkulu, Tangerang, Karawaci, Palembang,              seedlings in        29,615 trees
                                    Semarang, Cibinong, Magelang, Padang, Malang, Tajung              housing financed
                                    Pinang, Pangkal Pinang, Medan, Banyuwangi, Denpasar,              by BTN


                                                                                          Description of
                                                                                          the Impact Given to Beneficiaries
                                                                                          It is hoped that the tree seed assistance
                                                                                          provided can increase the green areas
                                                                                          in housing estates, making housing more
                                                                                          beautiful and a more comfortable place to live.

                                                                                          Benefits for companies
                                                                                          a. If a housing becomes a comfortable
                                                                                             residence, then it is expected that the
                                                                                             quality of housing in a residence will
                                                                                             increase and ultimately increase the
                                                                                             submission of mortrage to BTN and the
                                                                                             return of loan by the developer according
                                                                                             to the plan.
                    One House                             One House                       b.  As an effort to reduce carbon emissions
                One Tree Program                      One Tree Program                       and reduce air pollution.
                in Karawaci area                        in Bogor area




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2    BTN Education Program


                                                                                                                          Jumlah
              Program
     No.                  SDG              Location                             Types of Assistance                      Penerima
               Name
                                                                                                                         Manfaat

      1.    Young          TPB   Pekanbaru and Surabaya.          Providing training and introduction regarding         400
            Developer       4                                     property to students and the public.                  participants
            Training


                                              Information on the impact provided to Beneficiaries
           Young Developer Training           Participants consisting of novice property entrepreneurs (developers) and students
             Program in Surabaya              gain knowledge about the property industry, which is expected to be applied in the
                                              world of work or the students can be developers if they want to become entrepreneurs.

                                              Company with its core business of housing financing (KPR) has a social responsibility,
                                              especially in providing literacy to the community regarding property. One of the
                                              targets of literacy related to property is millennials. With literacy, it is hoped that
                                              they will be interested in working in the property world and are expected to become
                                              young developers as BTN’s future market in accordance with BTN’s housing financing
              Developer Training              business.
            Program in Pekanbaru
                                              Benefits for companies
                                              a. Introducing Company as a bank that focuses on housing to the community or as
                                                 a literacy program.
                                              b. It is hoped that these participants, if they work in the property world, can work
                                                 together with Company in assisting the Government in fulfilling the housing
                                                 backlog to the community.




           In this activity, Company also collaborated with various stakeholders. Among them are housing
           associations in this case the Indonesian Real Estate Company Association (REI) as Company’s
           strategic partner. Company and REI together provided materials to participants: students from
           campuses that are also BTN partners and novice developers.



     This developer training program for millennials                 housing backlog in Indonesia. In addition, it is also
     aims to provide students with supplies to prepare               to strengthen Bank Company’s brand awareness
     themselves to become young developers who                       as the bank that is most concerned about housing
     can later help the government in reducing the                   issues in Indonesia.


    2022
     The Millennial Developer Program Design is an Education Initiative Program to form Young Developers. The activity locations
     are in Manado, Jember, Cirebon and Purwakarta in collaboration with Company Stakeholders in this case the Indonesian
     Real Estate (REI).


    2023
     Development of Millennial Developer Design with many requests from Company Stakeholders (REI) to be implemented in
     several locations with a larger number.


    2024
     The Young Developer Training Program is included in the ESG Champion Initiative Program through the TJSL Education
     Program and becomes a BTN Sustainable Program. Furthermore, alumni of this training are invited to participate in BTN’s
     first housing ecosystem entrepreneurship competition program, namely BTN Housingpreneur.




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                Program                                                                                                  Number of
      No.                   SDG             Location                             Types of Assistance
                 Name                                                                                                   Beneficiaries


      2.      Taman         SDG   Tangerang Selatan, Bekasi,      Company collaborates with Balai Pustaka to            9 elementary
              Bacaan         4    Karawang, Semarang, Klaten,     provide support for the creation and revitalization   schools
                                  Yogyakarta, Banyumas, Kediri.   of reading parks for students in Indonesia.



                                                                                       Information on
                                                                                       the impact provided to Beneficiaries
                                                                                       a. Quality education to ensure inclusive and
                                                                                           equitable quality education and increase
                                                                                           lifelong learning opportunities for all.
                                                                                       b. TJSL Reading Garden activities as a form
                                                                                           of financial inclusion support for school
                                                                                           students.

                                                                                       Benefits for companies
                                                                                       Company collaborates with Balai Pustaka
            Revitalization program              Revitalization program                 as BTN’s partner for the implementation of
            for reading parks in the            for reading parks in the               support for the revitalization of the reading
             South Tangerang area                    Semarang area                     park room. The activity is a form of support
                                                                                       for financial inclusion through the BTN TJSL
                                                                                       Program.




 3    MSME Empowerment Program


                Program                                                                                                  Number of
      No.                   SDG             Location                             Types of Assistance
                 Name                                                                                                   Beneficiaries


       1.     UMKM Go       SDG   Jember                          Company supports business group infrastructure.       15 MSME
              Digital        8




                                                                                       Information on
                                                                                       the impact provided to Beneficiaries
                                                                                       a. Facilitating MSMEs through assistance
                                                                                           in using banking services and providing
                                                                                           booths to BTN-assisted MSMEs, MSME
                                                                                           showcases and exhibitions in order to
                                                                                           improve skills and sales.
                                                                                       b.    Encouraging MSMEs to Go Digital to
                                                                                           be able to adapt to developments in
                                                                                           consumer behavior.

                                                                                       Benefits for companies
        Company together with the Jember Regency Government
                                                                                       Company supports MSME business actors
               supports the efforts of UMKM Go Digital.
                                                                                       to increase sales by utilizing digital and BTN
            Company's support for 15 UMKM Go Digital in
                                                                                       service products which will ultimately affect
              the framework of Safari Ramadhan 2024
                                                                                       BTN business products and improve the MSME
                                                                                       economy.




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BTN’S Outstanding TJSL Program

          Program                                                                                                      Number of
 No.                        SDG                   Location                        Types of Assistance
           Name                                                                                                       Beneficiaries

  1.   Bank Mini           SDG 4    Sidoarjo, Penajem Paser Utara,        Company collaborates with BTN               16 BTN Partner
                                    Yogyakarta, Pangkal Pinang,           Partner Vocational Schools for              Schools
                                    Tanjung Pinang, Pekanbaru,            Assistance Support in the form of outlet
                                    Gorontalo, Surabaya, Bandung,         replicas. Construction of Mini Banks as
                                    Kalimantan Selatan, Denpasar,         a form of support for Financial Inclusion
                                    Banyuwangi, Gresik                    through the BTN TJSL Program.




            Bank Mini in Tanjung Pinang area                                     Bank Mini in Pangkal Pinang area




The program is called Bank Mini, which aims to improve               education sector with a very helpful impact on the learning and
financial literacy in schools. During 2024, this program has been    teaching process of students through direct practice which was
implemented in more than 15 schools, continuing 30 schools in        previously focused only on theory.
the previous year. The Bank Mini program has contributed to the



Information on the impact provided for Beneficiaries
a. Quality Education to ensure inclusive and equitable quality       b. CSER Bank Mini activities are a form of support for Financial
   education and increase lifelong learning opportunities for           Inclusion and encourage school students to be able to
   all.                                                                 understand the flow of activities at the Bank.



Benefits for the Company
Company collaborates with Vocational and General Schools             financial management by individuals and groups due to a lack
which are BTN Partners for Assistance in the form of outlet          of knowledge about finance. Ineffective financial management
replicas. Construction of Mini Bank as a form of Financial           has the potential to lead to inappropriate use of products
Inclusion Support through the BTN CSER Program and also as a         and services, especially for people in remote areas with low
form of Financial Inclusion.                                         economic conditions and difficult access to financial resources.

Through regulations issued by OJK Regulation No. 76/                 Against this background, the Company seeks to provide
POJK.07/2016 of 2016, financial inclusion is the availability of     education to this group to increase customer financial
access to various formal financial institutions, products and        knowledge. Increasing customers’ ability to use products and
services in accordance with community needs and capabilities         services through Bank Mini BTN.
in order to improve community welfare.
                                                                     Apart from Financial Inclusion through the BTN Social and
The Company continues to strive to increase public knowledge         Environmental Responsibility (CSER) Program, it is also
about finance. This effort aims to anticipate less effective         implemented through the Customer Care Division for the
                                                                     Financial Inclusion and Financial Literacy programs.




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          Program                                                                                                 Number of
 No.                      SDG               Location                          Types of Assistance
           Name                                                                                                  Beneficiaries

  2.   Uninhabitable     SDG 3    Tapanuli Tengah, Jawa Barat      Company supports the Acceleration of the      35 units
       House                                                       Eradication of Extreme Poverty by providing
                                                                   home repair assistance for extremely poor
                                                                   families.



                            Provision of Assistance for Renovating Uninhabitable Houses in
                             Collaboration with the Central Tapanuli Regency Government




Information on the impact provided to Beneficiaries                 Benefits for companies
a. Construction of houses that meet building safety                 Company supports the Acceleration of Extreme Poverty
    requirements, minimum building area adequacy, and               Eradication through the Construction of houses that meet
    occupant health.                                                building safety requirements, minimum building area adequacy,
b. Acceleration of the Eradication of Extreme Poverty through       and occupant health.
    Improving the Quality of Houses.
c. Healthy and Prosperous Life in ensuring a healthy life and
    improving the welfare of the entire population.




CID Program Details Based on CSER Focus

 No.        Field       Realization (IDR)            Activity Categories                       Distribution of Aid Areas

  1.   Environment       12,397,865,592     - Greening of BTN Housing Environment        The Company's TJSL assistance has
                                            - Tree Seedling Planting                     been carried out evenly throughout the
                                            - Mangrove Planting                          work areas starting from DKI Jakarta,
                                            - Sanitation Facilities and Infrastructure   Cibubur, Bekasi, Ciputat, Tangerang,
                                            - Public Facilities and Infrastructure       Karawaci, Cilegon, Tasikmalaya,
                                                                                         Karawang, Cirebon, Tegal, Solo,
                                                                                         Magelang, Yogyakarta, Kudus, Jember,
                                                                                         Kediri, Mulyosari, Sidoarjo, Surabaya,
                                                                                         Bangkalan, Malang, Jambi, Tanjung
                                                                                         Pinang, Pangkal Pinang, Palembang,
                                                                                         Bengkulu, Padang, Bandar Lampung,
                                                                                         Pematang Siantar, Balikpapan,
                                                                                         Denpasar, Mataram, Makassar, Ambon




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 No.       Field     Realization (IDR)            Activity Categories                        Distribution of Aid Areas

  2.   Education      10,504,767,900     - Assistance for the Development of           The Company's TJSL assistance has
                                           Educational Institutions                    been carried out evenly throughout the
                                         - Assistance for Educational Facilities and   working areas starting from DKI Jakarta,
                                           Infrastructure                              Ciputat, Bogor, Cikarang, Cibubur, Depok,
                                         - Assistance for BTN Partner Universities     Tangerang, Karawaci, Tasikmalaya,
                                         - Assistance for the Development              Bandung, Purwakarta, Purwokerto,
                                           of Islamic Boarding Schools and             Pekalongan, Solo, Kediri, Magelang,
                                           Madrasahs                                   Kudus, Tegal, Semarang, Surabaya,
                                         - Assistance for Facilities and               Banyuwangi, Bangkalan, Gresik, Malang,
                                           Infrastructure for Islamic Boarding         Denpasar, Pekanbaru, Purwakarta,
                                           Schools and Madrasahs                       Pangkal Pinang, Tanjung Pinang, Bandar
                                         - Scholarship Assistance                      Lampung, Palembang, Jambi, Padang,
                                         - Assistance for Public School Facilities     Medan, Batam, Mataram, Panakukkang,
                                         - Assistance for Community Reading Parks      Pontianak, Banjarmasin, Makassar,
                                         - Young Developer Training                    Ternate.

  3.   Empowerment    5,763,502,093      - MSME Training                               The Company's TJSL assistance has
       of MSMEs                          - MSME Halal Certification Assistance         been carried out evenly throughout the
                                         - NIB Assistance                              working areas starting from DKI Jakarta,
                                         - Farmer Group Assistance                     Surakarta, Jember, Tulungagung,
                                         - Group Business Facility Assistance          Sidoarjo, Kediri, Yogyakarta, Pekanbaru,
                                           including Fishermen                         North Kalimantan, Pare Pare, South
                                         - MSME Facilities and Infrastructure          Sulawesi, and Jayapura.
                                           Assistance




Performance of the
MSE Funding Program in 2024

Provisions Micro &                                               •   BTN    Cooperation     Agreement     No.    03/PKS/
Small Business Funding Program (MSE)                                 SMBD/X/2023 with BRI No. B.34/MBD/10/2023 dated
• SOE      Minister’s Letter  No.   S-721/MBU/11/2022                October 13, 2023 concerning Implementation of the
   concerning Cooperation in Micro and Small Business                Micro and Small Business Funding Program.
   Funding Programs (“MSE Program Cooperation”).                 •   BTN Minutes No. 01/BA/SMBD/X/2023 with BRI
• Minister of State-Owned Enterprises Regulation No.                 No. B.751-MBD/10/2023 dated October 18, 2023
   PER-1/MBU/03/2023 amendments to Minister of                       concerning Deposit of Funds for the Micro and Small
   State-Owned Enterprises Regulation No. PER- 06/                   Business Funding Program.
   MBU/09/2022 concerning Special Assignments and                •   Minutes of BTN No. 01/BA/SMBD/VI/2024 with BRI No.
   Social and Environmental Responsibility Programs                  B.428-MBD/06/2024 dated June 24, 2024 concerning
   for State-Owned Enterprises.                                      Deposit of Funds for Micro and Small Business
• Minister of State-Owned Enterprises Regulation No.                 Funding Program Phase 2.
   SK-277/MBU/10/2023 concerning Implementation
   Guidelines for Settlement of Problematic Sharia               Source of Funds for the PUMK Program
   Receivables and/or Financing in Micro and Small               • Principal funds for repayment of loans from Foster
   Business Funding Programs in BUMN.                               Partners.
• Technical Instructions I-XIV.1 concerning Work Flow            • Balance of allocated PUMK Program funds until the
   for Micro and Small Business Funding Programs.                   end of the year.
• Special Policy I-XIV concerning Micro and Small                • Loan administration services/sale and purchase
   Business Funding Program Products.                               margin/ profit sharing portion, deposit interest and/
                                                                    or current account services from PUMK Program
                                                                    funds.




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PUMK Cash Flow 2024

                                                             Work Plan         Realization                   Work Plan        Realization
 No.                      Description                                                              (%)                                           (%)
                                                               2023               2023                         2024              2024

FUNDS AVAILABLE                                                    1                 2            (2 : 1)         3                 4           (4 : 3)

   1    Initial Balance                                      11,732,472,238    11,732,472,238     100%      10,970,559,980   10,970,559,980      100%

   2    Loan Repayment of Fostered Partners                 15,000,000,000    15,264,329,788      102%      10,000,000,000    8,501,789,249      85%

   3    Refund from BUMN Distributor                                      -                 -          -                 -                  -        -

  4     PUMK Admin Service Income                             1,100,000,000      1,132,613,855    103%        500,000,000      1,450,172,764    290%

  5     Bank Service Income                                               -                 -          -                 -                  -

  6     Other Income (Expenses)                                           -        2,744,099           -                 -       113.765.071         -

Total Funds Available                                      27,832,472,238     28,132,159,980      305%      21,470,559,980    21,036,287,064    475%

FUNDS DISBURSED

   7    Independent Distribution of PUMK                                  -     9,161,600,000          -                 -                  -        -

  8     Collaborative Distribution of PUMK                                -                 -          -                 -                  -        -

  9     Special Distribution of PUMK                                      -                 -          -                 -                  -        -

  10    PUMK distribution through BRI                       8,000,000,000     8,000,000,000       100%      10,000,000,000   10,000,000,000      100%

Total Funds Disbursed                                       8,000,000,000      17,161,600,000     100%      10,000,000,000   10,000,000,000     100%

Final Balance                                               19,832,472,238    10,970,559,980      205%      11,470,559,980    11,036,287,064    375%

*Other income (expenses) attached are included in the Fines upon settlement *unaudited




Distribution of PUMK Program 2024




                                                                       2023                                                  2024


               TARGET
                                                             IDR18 billion                                        IDR10 billion

               REALIZATION                                 IDR17.21 billion                                      IDR14.8 billion


                ATTAINMENT                                         95.62%                                             148.5%


In connection with the Letter of the Minister of SOEs                         on October 13, 2023, a Cooperation/Collaboration
No. S-721/MBU/11/2022 dated November 10, 2022                                 Agreement was signed with PT Bank Rakyat Indonesia
concerning the Cooperation Program for Micro and                              (Persero) Tbk. Thus, the independent distribution of the
Small Business Funding (“PUMK Program Cooperation”),                          PUMK Program has been stopped until the maturity of
                                                                              the cooperation.




844         PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                                        2024
                                                                                                                                Annual Report




Distribution Composition Based on Sector

                                          Realization of PUMK Cooperation Scheme Through BRI Based on Business Sector

 No.        Business Sector                                     Year 2023                                                    Year 2024

                                            Number of MB                   Nominal (IDR)                 Number of MB                   Nominal (Rp)

   1.     Industrial Sector                            1                       25,000,000                          20                       601,000,000

   2.     Service Sector                              8                       281,000,000                          81                     2,347,000,000

   3.     Trade Sector                                11                     405,000,000                         205                      6,014,000,000

   4.     Agricultural Sector                         1                        30,000,000                           4                        45,000,000

   5.     Livestock Sector                            0                                    -                        11                      226.000.000

   6.     Other                                       2                        45.000.000                         172                    5.426.800.000

   7.     Fishery                                     0                                    -                        5                       190.000.000

 Total                                               23                      786.000.000                         498                    14.849.800.000




Distribution Composition Based on Area

                                                   Realization of PUMK Cooperation Scheme Through BRI Based on Region

 No.                Region                                      Year 2023                                                    Year 2024

                                            Number of MB                   Nominal (IDR)                 Number of MB                  Nominal (IDR)

   1.     Bali                                        -                                    -                       15                       410,000,000

   2.     West Java                                   -                                    -                      115                    2,935,300,000

   3.     Central Java                                -                                    -                       63                     1,760,500,000

   4.     East Java                                   4                       100,000,000                          52                      1,517,000,000

   5.     West Kalimantan                             2                        60,000,000                          10                      480,000,000

   6.     South Sulawesi                             14                       476,000,000                          96                     2,170,000,000

   7.     Central Sulawesi                            -                                    -                      115                    4,566,000,000

   8.     Yogyakarta                                  3                       150,000,000                          25                       781,000,000

   9.     North Sulawesi                              -                                    -                        7                       230,000,000

 Total                                               23                      786,000,000                         498                    14,849,800,000



Number of Fostered Partners and Details of Receivables until December 31, 2024
The total number of existing fostered partners of the PUMK Program in 2024 is 6,967 Debtors and the total number of
fostered partners of the cooperation scheme with PT Bank Rakyat Indonesia (Persero) Tbk in 2024 is 521 Debtors.



                                                                                          Quality of Cooperation                Quality of Cooperation
                          Year 2023                              Year 2024
                                                                                          Scheme with BRI in 2023              Scheme with BRI in 2024

                     Total (IDR)           (%)              Total (IDR)        (%)             Total (IDR)         (%)           Total (IDR)             (%)

 Fluent             3,452,460,063          7.00             388,990,786        0.95            786,000,000          100         13,520,127,798         98.61

 Special            7,303,272,049          14.81           1,633,765,518       4.00                          -           -        176,209,886            1.29
 Mention

 Doubtful           4,950,359,453         10.04            3,483,833,821       8.53                          -           -          14,601,300           0.11

 Lost               33,616,019,533        68.16       35,313,732,625          86.51                          -           -                      -           -

 Total              49,322,111,098          100       40,820,322,750            100            786,000,000         100         13,710,938,984            100

* The installment pattern on BRI distribution is adjusted to the cash flow of the fostered partner’s business so that there are 2 (two) types of patterns, namely
  monthly installment patterns and one-off installments.



                                                                                                  PT Bank Tabungan Negara (Persero) Tbk                 845
Page 415
                                                         Social and Environmental
                                                         Responsibility Program




Distribution of PUMK Program in 2024
The amount of PUMK Program Distribution in 2024 is IDR 14.8 billion.




         1                                         2                                           3




     Growing a portfolio of                    Accompanying and                         Providing distribution of
     principal and interest                  increasing awareness of                    PUMK Program through
    returns to increase the                fostered partner businesses                 Cooperation/Collaboration
   amount of funds that can                 by participating in national                  with PT Bank Rakyat
         be distributed                       & international events.                   Indonesia (Persero) Tbk




Development of PUMK Program Partners
The implementation of coaching is carried out by means of quarterly visits (OTS) to the Fostered Partners by the BTN
Branch Office of the Fostered Partner. The monitoring and evaluation process of each Fostered Partner’s business is
important so that the business process can run sustainably.



       Ternak Bebek



                                                                                    Name           : Satrio
                                                                                    Region         : Medan
                                                                                    Realization    : November 3, 2021
                                                                                    Ceiling        : IDR100,000,000
                                                                                    Tenor          : 3 Years
                                                                                    Collectibility : Fluent




       Bengkel Las



                                                                                    Name           : Ismail Gafari
                                                                                    Region         : Palangka Raya
                                                                                    Realization    : September 27, 2022
                                                                                    Ceiling        : IDR50,000,000
                                                                                    Tenor          : 3 Years
                                                                                    Collectibility : Fluent




846      PT Bank Tabungan Negara (Persero) Tbk
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OJK
INDEX




        PT Bank Tabungan Negara (Persero) Tbk   847
Page 417
OJK
Index

            Criteria                                            Explanation                          Page   Regulations

UMUM

Annual Report is well printed         The Annual Report is well printed and bound.                    √       POJK 29
and bound.

Annual Report must be                                                                                 √       POJK 29
reproduced in the form of printed
copies of documents and
electronic copies of documents.

Annual Reports are presented                                                                          √       POJK 29
in Indonesian and foreign
languages

Annual Report must be                                                                                 √       POJK 29
published on the Issuer’s or
Public Company’s Website on
the same date as the submission
of the Annual Report to the
Financial Services Authority.

KILAS KINERJA

Summary of important financial        Information includes, among others:
data contains financial
information presented in              1.   Sales revenue.                                             21      SEOJK 16
comparative form for 3 (three)
                                      2. Gross profit.                                                21
financial years or since starting
their business if the Issuer or       3. Operational profit.                                          22      SEOJK 9
Public Company has been
running its business activities for   4. Profit before tax.                                           22
less than 3 (three) years.
                                      5. Net profit.                                                  22

                                      6. Profit and loss.                                             22      SEOJK 16

                                      7. Total comprehensive profit (loss).                           22      SEOJK 9

                                      8. Total profit (loss) attributable to owners of the parent    N/A      SEOJK 16
                                         entity and non-controlling interests.

                                      9. Total comprehensive profit (loss).                           22      SEOJK 16

                                      10. Total comprehensive profit (loss) attributable to owners   N/A
                                          of the parent entity and non-controlling interests.

                                      11. Earnings (loss) per share.                                  23      SEOJK 9
                                                                                                              SEOJK 16
                                      12. Total assets.                                               19

                                      13. Total liabilities.                                          20

                                      14. Total equity.                                               21

                                      15. Third-party funds.                                          19      SEOJK 9

                                      16. Loans received.                                             20

                                      17. Ratio of profit (loss) to total assets.                     25      SEOJK 16

                                      18. Profit (loss) to equity ratio.                              25

                                      19. Profit (loss) to revenue/sales ratio.                       25

                                      20. Current ratio.                                              25

                                      21. Liability to equity ratio.                                  25

                                      22. Ratio of liabilities to total assets.                       25




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                                                                                                  2024
                                                                                          Annual Report




           Criteria                            Explanation                              Page         Regulations

                      23. CAR ratio.                                                     25               SEOJK 9

                      24. Productive assets.                                             25

                      25. Non-performing loans (NPL) ratio.                              25

                      26. Ratio of Operating Expenses to Operating Income (BOPO).        25

                      27. Cost to Income Ratio(CIR).                                     25

                      28. Net Interest Margin (NIM) ratio.                               25

                      29. Percentage of violations and exceedances of the Legal          25
                          Lending Limit (BMPK).

                      30. Statutory Reserve Ratio (GWM).                                 25

                      31. Net Open Position (NOP) Ratio.                                 25

                      32. Information and other financial ratios that are relevant       25               SEOJK 9
                          to the issuer or public company and the type of industry.                       SEOJK 16

Stock Information     Information on shares for Public Companies at least                                 SEOJK 16
                      contains:

                      1. Shares that have been issued for each quarter presented
                         in comparative form for the last 2 (two) financial years, at
                         least contain:

                        a. Number of outstanding shares.                                 26

                        b. Market capitalization is based on the price on the stock
                           exchange where the shares are listed.

                        c. The highest, lowest and closing share prices are based
                           on the price on the stock exchange where the shares
                           are listed.

                        d. Volumetrading on the stock exchange where the
                           shares are listed.

                      Information in letter b), letter c) and letter d) is only
                      disclosed if the shares are listed on the stock exchange.

                      Information is presented in the form of graphs and tables.

                      2. such as a stock split, reverse stock, stock dividends,          29               SEOJK 16
                         bonus shares, changes in the nominal value of shares,
                         issuance of convertible securities, and additions and
                         capital reduction, share information as referred to in
                         number 1) is added with an explanation of at least:

                        a. The date of implementation of the corporate action.

                        b. Stock split ratios, reverse stock ratios, stock dividends,
                           shares.
                        c. bonus, number of convertible securities issued, and
                           changes in share nominal value.

                        d. The number of outstanding shares before and after the
                           corporate action.

                        e. The number of effect conversions implemented (if
                           any).

                        f. Stock prices before and after corporate actions.




                                                                    PT Bank Tabungan Negara (Persero) Tbk       849
Page 419
           Criteria                                      Explanation                             Page    Regulations

                                3. In the event of a temporary suspension of share trading        29       SEOJK 16
                                   (suspension) and/or delisting of shares during the
                                   financial year, the reasons for the temporary suspension
                                   of share trading (suspension) and/or delisting of shares
                                   (delisting) shall be explained.

                                4. In the event that the temporary suspension of share                     SEOJK 16
                                   trading (suspension) as referred to in number 3) and/or
                                   the process of canceling the listing of shares (delisting)
                                   is still ongoing until the end of the Annual Report period,
                                   the actions taken to resolve the temporary suspension
                                   of share trading (suspension) and/or cancellation are
                                   explained. listing of shares (delisting).

REPORT OF DIRECTORS AND BOARD OF COMMISSIONERS

Directors Report                The Board of Directors’ report contains at least a brief
                                description of:

                                1. Performance of Issuers or Public Companies, at least
                                   includes:

                                   a. Issuer’s or Public Company’s strategy and strategic        54-55     SEOJK 9
                                      policies (including for UUS if the Bank owns UUS)                    SEOJK 16

                                   b. The role of the Board of Directors in formulating the       54       SEOJK 16
                                      strategy and strategic policies of the Issuer or Public
                                      Company.

                                   c. The process carried out by the Board of Directors to        54
                                      ensure the implementation of the Issuer’s or Public
                                      Company’s strategy.

                                   d. Comparison between the results achieved and those          55-56     SEOJK 9
                                      targeted by the Issuer or Public Company.                            SEOJK 16

                                   e. Obstacles faced by Issuers or Public Companies.             56

                                   f.   Organizational structure.                                 48       SEOJK 9

                                   g. Main activity.                                              46

                                   h. Information Technology.                                     49

                                   i.   Types of products and services offered, including        46-48
                                        lending to debtors of micro, small and medium
                                        enterprises.

                                   j.   Interest rates for raising and providing funds.          50-53

                                   k. Economic development and target market.                     50

                                   l.   Networks and business partners at home and/or             48
                                        abroad.

                                   m. Number, type and location of offices.                       48

                                   n. Ownership of the Board of Directors, Board of               N/A
                                      Commissioners and shareholders in the Bank’s
                                      business group.

                                   o. Important changes that occurred in the Bank and the         N/A
                                      Bank’s business group in the year concerned.

                                   p. Important things that are expected to happen in the        56-57
                                      future.

                                   q. Human resources include the number, level of                49
                                      education, training, and development of human
                                      resources.

                                2. An overview of the business prospects of the Issuer or        56-57     SEOJK 9
                                   Public Company.                                                         SEOJK 16

                                3. Implementation of Issuer or Public Company                    57-59
                                   governance.




850      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                2024
                                                                                                        Annual Report




             Criteria                                       Explanation                               Page         Regulations

Report of the Board of              The Board of Commissioners’ report contains at least a
Commissioners                       brief description of:

                                    1. Assessment of the Board of Directors’ performance              64-67             SEOJK 16
                                       regarding the management of Issuers or Public                                    SEOJK 9
                                       Companies, including oversight by the Board of
                                       Commissioners in the formulation and implementation
                                       of the Issuer’s or Public Company’s strategy carried out
                                       by the Board of Directors.

                                    2. Views on the business prospects of Issuers or Public            67
                                       Companies compiled by the Board of Directors.

                                    3. Views on the implementation of governance of the Issuer        68-71
                                       or Public Company.

                                    4. Changes in the composition of the Board of                     71-72             SEOJK 9
                                       Commissioners (if any) and reasons for the changes.

                                    5. Frequency and method of providing advice to members             64
                                       of the Board of Directors.

Statement Letter from Members       Statement Letter from Members of the Board of Directors           80-81             SEOJK 16
of the Board of Directors and       and Members of the Board of Commissioners regarding                                 POJK 29
Members of the Board of             Responsibility for the Annual Report. Statement letter from
Commissioners                       members of the Board of Directors and members of the
                                    Board of Commissioners regarding responsibility for the
                                    Annual Report is prepared in accordance with the format
                                    of Statement Letter from Members of the Board of Directors
                                    and Members of the Board of Commissioners regarding
                                    Responsibility for the Annual Report.

COMPANY PROFILE

Company name and full               Access to Issuers or Public Companies including branch            84-85             SEOJK 9
address                             offices or representative offices that enable the public to                         SEOJK 16
                                    obtain information about Issuers or Public Companies,
                                    including:

                                    1. Address

                                    2. Phone number

                                    3. Email address

                                    4. Website address

Name and address office or          Contains information including:
representative office (if any)
                                    Name and address of the branch/representative office,             86-94
                                    including:
                                    a. Address
                                    b. Phone number
                                    c. Email address
                                    d. Website address

                                    Notes: if the company does not have subsidiaries, branch
                                    offices, and representative offices, so that it is disclosed.

Brief history of Issuer or Public   Include among others: date/year of establishment, name,          100-101            SEOJK 9
Company                             change of company name (if any), and effective date of                              SEOJK 16
                                    change of company name.

                                    Notes: if the company has never changed its name, please
                                    disclose it.

Vision, Mission and Corporate       Includes:                                                                           SEOJK 9
Culture                                                                                                                 SEOJK 16
                                    1. Company Vision                                                  102

                                    2. Company Mission                                                 103

                                    3. Statement that the vision and mission have been                 104
                                       reviewed and approved by the Board of Directors/Board
                                       of Commissioners in the financial year.




                                                                                   PT Bank Tabungan Negara (Persero) Tbk       851
Page 421
            Criteria                                    Explanation                                 Page      Regulations

Business activities             Description of, among others:                                                   SEOJK 9
                                                                                                                SEOJK 16
                                1. The company’s business activities according to the latest         106
                                   articles of association.

                                2. Business Activities Undertaken.                                   106

                                3. Products and/or services produced.                               107-123

Operational Area                Issuer’s or Public Company’s operational area. The operational      124-125     SEOJK 16
                                area is the area or area where operational activities are carried
                                out or the scope of the company’s operational activities.

Organizational structure        The organizational structure of the Issuer or Public Company        126-127     SEOJK 9
                                in the form of a chart, at least up to 1 (one) level below the                  SEOJK 16
                                Board of Directors including committees under the Board
                                of Directors (if any) and committees under the Board of
                                Commissioners, accompanied by names and positions.

Association Membership          List of industry association memberships both on a national           128       SEOJK 16
                                and international scale related to the implementation of
                                sustainable finance.

Board of Directors Profile      Profile of the Board of Directors, at least contains:               129-139     SEOJK 9
                                                                                                                SEOJK 16
                                1. Name and position in accordance with the duties and
                                   responsibilities.

                                2. Latest photos.

                                3. Age.

                                4. Citizenship.

                                5. Educational history and/or certification.

                                6. Position history, including information on:

                                  a. The legal basis for appointment as a member of the
                                     Board of Directors of the Issuer or Public Company
                                     concerned

                                  b. Concurrent positions, both as members of the Board
                                     of Directors, members of the Board of Commissioners,
                                     and/or committee members as well as other positions
                                     both inside and outside the Issuer or Public Company.
                                     In the event that members of the Board of Directors do
                                     not have concurrent positions, then this is disclosed.

                                  c. Work experience and time period both inside and
                                     outside the Issuer or Public Company.

                                7. of the Board of Commissioners, major shareholders                  140       SEOJK 9
                                   and controllers, either directly or indirectly to individual                 SEOJK 16
                                   owners, including names of affiliated parties. In the event                  POJK 13
                                   that members of the Board of Directors have no affiliation,
                                   the Issuer or Public Company shall disclose this. Financial
                                   relationships and family relationships of members of
                                   the Board of Directors and members of the Board of
                                   Commissioners with other members of the Board of
                                   Directors, other members of the Board of Commissioners,
                                   and/or controlling shareholders of the Bank.

                                8. Changes in the composition of members of the Board of            140-143     SEOJK 16
                                   Directors and reasons for the changes. In the event that
                                   there is no change in the composition of the members of
                                   the Board of Directors, this will be disclosed.




852      PT Bank Tabungan Negara (Persero) Tbk
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                                                                                                                 2024
                                                                                                         Annual Report




             Criteria                                     Explanation                                 Page          Regulations

Profile of the Board of           Profile of the Board of Commissioners, at least contains            144-153            SEOJK 9
Commissioners                                                                                                            SEOJK 16

                                  1. Name and position.

                                  2. Latest photos.

                                  3. Age.

                                  4. Citizenship.

                                  5. Educational history and/or certification.

                                  6. Position history, including information on:

                                    a. The legal basis for appointment as a member of the
                                       Board of Directors of the Issuer or Public Company
                                       concerned

                                    b. Legal basis for the first appointment as a member of
                                       the Board of Commissioners who is an independent
                                       commissioner of the Issuer or Public Company
                                       concerned.

                                    c. Concurrent positions, both as members of the Board
                                       of Directors, members of the Board of Commissioners,
                                       and/or committee members as well as other positions
                                       both inside and outside the Issuer or Public Company.
                                       In the event that members of the Board of Directors do
                                       not have concurrent positions, then this is disclosed.

                                    d. Work experience and time period both inside and
                                       outside the Issuer or Public Company.

                                  7. Affiliation with other members of the Board of Directors,          154              SEOJK 9
                                     members of the Board of Commissioners, major                                        SEOJK 13
                                     shareholders and controllers, either directly or indirectly to                      SEOJK 16
                                     individual owners, including names of affiliated parties. In                         POJK 17
                                     the event that members of the Board of Directors have no
                                     affiliation, the Issuer or Public Company shall disclose this.

                                    Financial relationships and family relationships of
                                    members of the Board of Directors and members of the
                                    Board of Commissioners with other members of the Board
                                    of Directors, other members of the Board of Commissioners,
                                    and/or controlling shareholders of the Bank.

                                  8. Statement of independence of the independent                       N/A              SEOJK 16
                                     commissioner in the event that the independent
                                     commissioner has served more than 2 (two) terms.

                                  9. Changes in the composition of members of the Board of            155-56
                                     Directors and reasons for the changes. In the event that
                                     there is no change in the composition of the members of
                                     the Board of Directors, this will be disclosed.

Executive officer brief profile   Including the composition of executive officers along with          161-182            SEOJK 9
                                  their positions and a summary of Curriculum Vitae.

Number of employees and           Data on employee competency development that has been               182-184            SEOJK 9
employee competency               carried out in the financial year consisting of parties (position                      SEOJK 16
development data.                 levels) who attended training, types of training, and training
                                  objectives as well as equal opportunities for all employees.

                                  Employee competency development costs that have been
                                  incurred in the financial year.




                                                                                   PT Bank Tabungan Negara (Persero) Tbk       853
Page 423
            Criteria                                      Explanation                               Page      Regulations

Shareholder composition           Names of shareholders and percentage of ownership at the                      SEOJK 9
                                  beginning and end of the financial year, which consists of                    SEOJK 16
                                  information regarding:                                                         POJK 17

                                  1. Shareholders who own 5% (five percent) or more shares            187
                                     of Issuers or Public Companies.

                                  2. Members of the Board of Directors and members of the           188-189
                                     Board of Commissioners who own shares of Issuers or
                                     Public Companies.
                                     In the event that all members of the Board of Directors
                                     and/or all members of the Board of Commissioners do not
                                     own shares, then this matter shall be disclosedthe.

                                  3. shares by members of the Board of Directors and members of     188-189
                                     the Board of Commissioners at the beginning and end of the
                                     financial year, including information regarding shareholders
                                     who are registered in the register of shareholders for the
                                     benefit of indirect ownership by members of the Board of
                                     Directors and members of the Board of Commissioners.
                                     In the event that all members of the Board of Directors
                                     and/or all members of the Board of Commissioners do
                                     not have indirect ownership of the shares of the Issuer or
                                     Public Company, then this matter must be disclosed.
                                     Directors and commissioners who own Shares (Directors
                                     and Board of Commissioners/Supervisory Board must
                                     report to the company regarding their and/or family’s
                                     share ownership in the company concerned and other
                                     companies, including any changes thereto).

                                  4. Group of public shareholders, namely groups of                 187-188     SEOJK 16
                                     shareholders who each own less than 5% (five percent) of
                                     the shares of the Issuer or Public Company.

                                  5. Number of shareholders and percentage of ownership at            190       SEOJK 16
                                     the end of the financial year based on classification:

                                    a. Ownership of local institutions.

                                    b. Ownership of foreign institutions.

                                    c. Local individual ownership.

                                    d. Foreign individual ownership.

                                  The above information can be presented in tabular form.

Major and controlling             Information regarding major shareholders and controllers           190        SEOJK 9
shareholder                       of Issuers or Public Companies, either directly or indirectly,                SEOJK 16
                                  up to individual owners, presented in the form of a
                                  schematic or chart.

List of associate subsidiaries,   Names of subsidiaries, associated companies, joint venture          191       SEOJK 9
venture companies                 companies where the Issuer or Public Company has joint                        SEOJK 16
                                  control of the entity (if any), along with the percentage of
                                  share ownership, line of business, total assets, and operating
                                  status of subsidiaries, associated companies, joint venture
                                  companies.
                                  For subsidiaries, information regarding the address of the
                                  subsidiary is added.

Information related to the Bank   Banks that are part of a business group and/or have                 191       SEOJK 9
Business Group                    Subsidiaries, must add:

                                  The structure of the Bank’s business group which includes:

                                  a. The structure of the Bank’s business group consists of the
                                     Bank, Subsidiaries, sister companies, Parent Entity up to
                                     the ultimate shareholder.

                                  b. Management linkage structure within the Bank’s business
                                     group.

                                  c. Shareholders acting on behalf of other shareholders. The
                                     definition of a shareholder acting on behalf of another
                                     shareholder is an individual shareholder or an entity that
                                     has the common goal of controlling the Bank, based on
                                     or not based on an agreement.



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                                                                                                                 2024
                                                                                                         Annual Report




            Criteria                                        Explanation                                Page         Regulations

Share listing chronology           Chronology of share listing, number of shares, number of           192-195            SEOJK 16
                                   listed shares after each corporate action, nominal value,
                                   and offering price from the beginning of listing to the end of
                                   the financial year as well as the name of the stock exchange
                                   where the Issuer’s or Public Company’s shares are listed,
                                   including stock splits ( stock split), merger of shares (reverse
                                   stock), stock dividends, bonus shares, and changes in the
                                   nominal value of shares, implementation of conversion
                                   effects, implementation of capital additions and reductions
                                   (if any).

Information on the listing of      Information on the listing of other securities that are not        194-205            SEOJK 16
other securities                   yet due in the financial year at least contains the names of
                                   the securities, the type of corporate action that causes a
                                   change in the number of other
                                   securities, year of issue, interest rate/yield, maturity date,
                                   offering value, name of stock exchange where other
                                   securities are listed, and
                                   securities rating (if any).

Information on the use of public   Information on the use of public accounting services (AP)            206              SEOJK 16
accounting services (AP) and       and public accounting firms (KAP) and their networks/
public accounting firms (KAP)      associations/alliance includes:

                                   1. Name and address.

                                   2. Assignment period.

                                   3. Information on audit and/or non-audit services provided.

                                   4. Audit and/or non-audit service fees for each assignment
                                      given during the financial year.

                                   5. In the event that the designated AP and KAP and their
                                      network/ association/alliance do not provide non-audit
                                      services, then the information shall be disclosed.

                                   Disclosure of information on the use of AP and KAP
                                   services and their networks/associations/alliances can be
                                   presented in tabular form.

Name and address of supporting     Names and addresses of capital market supporting                   206-212            SEOJK 16
institution and/or profession.     institutions and/or professions other than AP and KAP.

Awards and Certifications.         Information includes, among others:                                213-219            SEOJK 9

                                   1. Name of award and/or certification (national and
                                      international scale).

                                   2. Year of award and/or certification.

                                   3. Awarding and/or certification bodies.

                                   4. Validity period (for certification).

MANAGEMENT DISCUSSION AND ANALYSIS OF THE COMPANY’S PERFORMANCE

Bank Strategic Plan                1. Long term plan (corporate plan).                                230-239            SEOJK 13
                                   2. Medium and short term plans (business plan).                                       POJK 17

Operational review per business    Operational review per business segment according to the                              SEOJK 9
segment                            type of industry of the Issuer or Public Company, at least                            SEOJK 16
                                   concerning:

                                   1. Explanation of each business segment.                           260-275,
                                                                                                      282-297

                                   2. Performance per business segment, among others:

                                     a. Production, which includes process, capacity, and             260-275,
                                        development.                                                  282-297

                                     b. Increase/decrease in production capacity.                     260-275,
                                                                                                      282-297

                                     c. Sales/business income.                                        298-300

                                     d. Profitability.                                                298-300




                                                                                 PT Bank Tabungan Negara (Persero) Tbk         855
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            Criteria                                          Explanation                                Page        Regulations

Description of the company’s         Comprehensive financial performance which includes a                              SEOJK 9
financial performance                comparison of financial performance in the last 2 (two)                           SEOJK 16
                                     financial years (in the form of narratives and tables), an
                                     explanation of the causes of the changes and the impact
                                     of these changes, at least concerning:

                                     1. Current assets, non-current assets, and total assets.          302-303,
                                                                                                       306-308

                                     2. Short term liabilities, long term liabilities and total        303-305,
                                        liabilities.                                                   308-309

                                     3. Funding (investment and giving credit/financing).               306-307

                                     4. Third party funds and other funding sources.                   308-309

                                     5. Equity.                                                       306, 309-310

                                     6. Income/sales, expenses, profit (loss), other comprehensive      310-314
                                        income, and total comprehensive profit (loss).

                                     7. Cash flow.                                                      314-316

                                     8. Basic credit interest rate.                                       326          SEOJK 9

Analysis of the quality of earning                                                                      326-328        SEOJK 9
assets and relevant financial
ratios.

Discussion and analysis of the       Explanation of:                                                                   SEOJK 16
ability to pay debts and the
collectability of the company’s      1. Ability to pay debts, both short term (liquidity) and long      317-319
receivables, by                         term (solvability).
presenting the calculation of
                                     2. Receivables collectibility level.                                 320
the relevant ratio according to
the type
of company’s industry.

Discussion on capital structure      Top explanation:                                                                  SEOJK 16
and management policies
on capital structure (capital        1. Details of the capital structure (capital structure), which       330
structure policy).                      consists of interest-based debt/sukuk and equity.

                                     2. Management policies on capital structure (capital               329-330
                                        structure policies).

                                     3. Basis for selection of management policies.                     329-330

Discussion on material               Explanation of:                                                                   SEOJK 16
commitments for capital goods
investment (not                      1. The name of the party making the bond.                          331-332
funding commitments) in the
                                     2. The purpose of the bond.                                          332
last financial year.
                                     3. Source of funds expected to fulfill these ties.                   332

                                     4. The currency to be denominated.                                 331-332

                                     5. The steps the company plans to take to protect against            332
                                        risks from related foreign currency positions.

                                     Notes: if the company has no ties related to investment in
                                     capital goods in the last financial year to be disclosed.

Discussion on investment in          Explanation of:                                                                   SEOJK 9
capital goods realized in the last                                                                                     SEOJK 16
financial year.                      1. Types of investment in capital goods.                           332-333

                                     2. The purpose of investing in capital goods.

                                     3. Investment value of capital goods issued in the last
                                        financial year.

                                     Notes: if there is no realization of investment in capital
                                     goods, so that it is disclosed.




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                                                                                                       Annual Report




            Criteria                                       Explanation                               Page         Regulations

Description of the company’s       The business prospects of Issuers or Public Companies            336-338            SEOJK 16
business prospects.                are linked to industry conditions, the general economy
                                   and international markets accompanied by quantitative
                                   supporting data from reliable data sources.

Comparative information            Comparison between targets/projections at the beginning                             SEOJK 16
between targets at the             of the financial year with the results achieved (realization),
beginning of the financial         regarding:
year with the results achieved
(realization), and targets or      1. Sales revenue.                                                  340
projections to be achieved for
                                   2. Profit and loss.                                                340
the
next year.                         3. Capital structure.                                              340

                                   4. Marketing.                                                       341

                                   5. HR Development.                                                  341

                                   6. Other matters deemed important by the Issuer or Public        339-340
                                      Company.

                                   Targets/projections to be achieved by Issuers or Public
                                   Companies for the next 1 (one) year, regarding:

                                   1. Sales revenue.                                                  342

                                   2. Profit and loss.                                                342

                                   3. Capital structure.                                              343

                                   4. Dividend policy.                                                343

                                   5. Marketing.                                                      344

                                   6. HR Development.                                                 345

                                   7. Other matters deemed important by the Issuer or Public          342
                                      Company.

Description of the marketing       Marketing aspects of the Issuer’s or Public Company’s            240-257            SEOJK 9
aspect.                            goods and/or services, at least regarding marketing                                 SEOJK 16
                                   strategy and market share.

Description of dividends for the   Description of dividends for the last 2 (two) financial years,                      SEOJK 16
last 2 (two) financial years.      at least:

                                   1. The dividend policy, among other things, contains             346-348
                                      information on the percentage of the amount of
                                      dividends distributed to net income.

                                   2. Cash dividend payment date and/or non-cash dividend             347
                                      distribution date.

                                   3. Amount of dividends per share (cash and/or non-cash).           347

                                   4. The amount of dividends per year paid.                          347

                                   Notes: if there is no distribution of dividends, please state
                                   the reasons.




                                                                                  PT Bank Tabungan Negara (Persero) Tbk      857
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            Criteria                                         Explanation                                Page     Regulations

Realization of the use of           Contains descriptions of:                                                      SEOJK 16
proceeds from the public
offering (in the event that         1. Total proceeds.                                                  348
the company is still required
                                    2. Fund usage plan.
to submit a report on the
realization of the use of funds)    3. Details of use of funds.

                                    4. Fund balance.

                                    5. The date of approval of the GMS/RUPO for changes in the
                                       use of funds (if any).

                                      a. In the event that during the financial year, the Issuer
                                         has an obligation to submit a report on the realization
                                         of the use of funds, the cumulative realization of the use
                                         of proceeds from public offerings until the end of the
                                         financial year is disclosed.
                                      b. In the event that there is a change in the use of funds as
                                         stipulated in the Financial Services Authority Regulation
                                         regarding the report on the realization of the use of
                                         funds from a public offering, the Issuer shall explain the
                                         change.

                                    Note: if you do not have information on the realization of the
                                    use of proceeds from a public offering, please disclose it.

Material information (if            Contains descriptions of:                                          348-360     SEOJK 16
any), including investment,
expansion, divestment, business     a. Date, value, and transaction object.
merger/
                                    b. The name of the party conducting the transaction.
consolidation, acquisition,
debt/ capital restructuring,        c. Nature of the affiliation relationship (if any).
material transactions, affiliated
transactions,                       d. Explanation of the fairness of the transaction.
and conflict of interest
transactions.                       e. Fulfillment of related provisions.

                                    f. In the event that there is an affiliation relationship, apart
                                       from disclosing the information referred to in number a)
                                       through number f), the Issuer or Public Company also
                                       discloses information:

                                      1) The Board of Directors’ statement that affiliated
                                         transactions have gone through adequate procedures
                                         to ensure that affiliated transactions are carried out
                                         in accordance with generally accepted business
                                         practices, among others, carried out by fulfilling the
                                         arm’s length principle.

                                      2) The role of the Board of Commissioners and the audit
                                         committee in carrying out adequate procedures to
                                         ensure that affiliated transactions are carried out
                                         in accordance with generally accepted business
                                         practices, among others, is carried out by fulfilling the
                                         arm’s length principle.

                                    g. For affiliate transactions or material transactions which
                                       are business activities carried out in order to generate
                                       business income and are carried out routinely, repeatedly
                                       and/or continuously, an explanation is added that the
                                       affiliated transactions or material transactions are
                                       business activities carried out in order to generate
                                       business income and are carried out routinely, repeatedly,
                                       and/or continuously.

                                      In the case of affiliated transactions or material
                                      transactions referred to have been disclosed in the annual
                                      financial statements, information is added regarding
                                      references to disclosure in the said annual financial
                                      statements.




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             Criteria                                     Explanation                                Page         Regulations

                                 h. For disclosure of affiliated transactions and/or conflict                          SEOJK 16
                                    of interest transactions which are the result of the                               SEOJK 13
                                    implementation of affiliated transactions and/or conflict
                                    of interest transactions that have been approved
                                    by independent shareholders, information is added
                                    regarding the date of the GMS that approves the affiliated
                                    transactions and/or conflict of interest transactions.

                                 i. In the event that there are no affiliated transactions and/
                                    or conflict of interest transactions, then this is disclosed.

Description of changes to laws   The description contains, among others:                                               SEOJK 16
and regulations on companies
in the last                      1. The names of the laws and regulations that have                 360-361
financial year.                     changed.

                                 2. The impact (quantitative and/or qualitative) on the
                                    company (if significant) or the statement that the impact
                                    is not significant.

                                 Notes: if there is no change in laws and regulations in the
                                 last financial year, so that it is disclosed.

Description of changes           The description contains, among others:                                               SEOJK 16
in accounting policies
implemented by the company       1. Changes in accounting policies.                                 362-363
in the last financial year.
                                 2. Reasons for changes in accounting policies.

                                 3. Quantitative impact on financial statements.

                                 Notes: If there is no change in accounting policy in the last
                                 financial

Information on Risk Exposure     Risk exposure and capital includes annual period risk              375-431            SEOJK 9
and Capital.                     and capital exposure reports as stipulated in part II of the
                                 Publication Report on risk and capital exposure.

GOOD CORPORATE GOVERNANCE

GMS.                             Information regarding GMS resolutions in the financial year        492-508            SEOJK 16
                                 and 1 (one) year before the financial year includes:

                                 a. GMS resolutions in the financial year and 1 (one) year
                                    prior to the financial year realized in the financial year.

                                 b. GMS decisions in the financial year and 1 (one) year prior
                                    to the financial year that have not been realized along
                                    with the reasons for not being realized.

                                 In the event that an Issuer or Public Company uses an
                                 independent party in the implementation of the GMS to
                                 carry out the vote count, it shall be disclosed regarding this
                                 matter.

Directors.                       1. Duties and responsibilities of each member of the               509-510            SEOJK 13
                                    Board of Directors. Information regarding the duties and                           SEOJK 16
                                    responsibilities of each member of the Board of Directors                           POJK 17
                                    is described and can be presented in tabular form.

                                 2. Statement that the Board of Directors has a guideline or          512              SEOJK 16
                                    charter (charter) of the Board of Directors.

                                 3. Policy and implementation of the frequency of meetings of       514-530            SEOJK 16
                                    the Board of Directors, meetings of the Board of Directors
                                    with the of Commissioners, and the level of attendance
                                    of members of the Board of Directors at these meetings
                                    including attendance at the GMS. Information on the level
                                    of attendance of members of the Board of Directors at
                                    meetings of the Board of Directors, meetings of the Board
                                    of Directors with the Board of Commissioners or GMS can
                                    be presented in tabular form.




                                                                                 PT Bank Tabungan Negara (Persero) Tbk       859
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          Criteria                                     Explanation                                Page     Regulations

                               4. Training and/or competency improvement for members             531-534     SEOJK 16
                                  of the Board of Directors:

                                 a. Policy on training and/or competency improvement
                                    for members of the Board of Directors, including an
                                    orientation program for newly appointed members of
                                    the Board of Directors (if any).

                                 b. Training and/or competency improvement attended
                                    by members of the Board of Directors in the financial
                                    year (if any).

                               5. The Board of Directors’ assessment of the performance          534-535     SEOJK 16
                                  of the committees that support the implementation of
                                  the duties of the Board of Directors in the financial year
                                  contains at least:

                                 a. Performance appraisal procedures.

                                 b. The criteria used include performance achievements
                                    during the financial year, competence and attendance
                                    at meetings.

                                 In the event that the Issuer or Public Company does not
                                 have a committee that supports the implementation of
                                 the duties of the Board of Directors, this will be disclosed.

                               6. members of the Board of Commissioners who reach 5%             585-586     SEOJK 13
                                  (five percent) or more of paid-up capital, which includes                  POJK 17
                                  the type and number of shares in:
                                  a. The bank in question.
                                  b. other banks.
                                  c. Non-bank financial institutions.
                                  d. Other companies domiciled both inside and outside
                                     the country.

Board of Commissioners.        1. Duties and responsibilities of the Board of                      536       SEOJK 13
                                  Commissioners.                                                             SEOJK 16
                                                                                                              POJK 17

                               2. Statement that the Board of Commissioners has                   540        SEOJK 16
                                  guidelines or charter of the Board of Commissioners.

                               3. Policy and implementation of the frequency of meetings         546-557     SEOJK 13
                                  of the Board of Commissioners, meetings of the Board                       SEOJK 16
                                  of Commissioners with the Board of Directors and
                                  the level of attendance of members of the Board of
                                  Commissioners at these meetings including attendance
                                  at the GMS. Information on the level of attendance of
                                  members of the Board of Commissioners at meetings
                                  of the Board of Commissioners, meetings between the
                                  Board of Commissioners and the Board of Directors, or
                                  GMS can be presented in tabular form.

                               4. Training and/or competency improvement for members             558-561     SEOJK 16
                                  of the Board of Commissioners:

                                 a. Policy on training and/or competency improvement for
                                    members of the Board of Commissioners, including an
                                    orientation program for newly appointed members of
                                    the Board of Commissioners (if any).

                                 b. Training and/or competency improvement attended
                                    by members of the Board of Commissioners in the
                                    financial year (if any).

                               5. Assessment of the performance of the Board of Directors        562-571     SEOJK 16
                                  and the Board of Commissioners as well as each
                                  member of the Board of Directors and members of the
                                  Board of Commissioners, contains at least:

                                 a. Procedure for implementing performance appraisal.

                                 b. The criteria used include performance achievements
                                    during the financial year, competence and attendance
                                    at meetings.

                                 b . The party making the assessment.



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            Criteria                                         Explanation                                 Page         Regulations

                                     6. The Board of Commissioners’ assessment of the                   572-575            SEOJK 16
                                        performance of the Committees that support
                                        the implementation of the duties of the Board of
                                        Commissioners in the financial year includes:

                                       a. Performance appraisal procedures.

                                       b. The criteria used include performance achievements
                                          during the financial year, competence and attendance
                                          at meetings.

Nomination and remuneration          Least load:
of the Board of Directors and
Board of Commissioners.              1. Nomination procedures, including a brief description of the     576-577            SEOJK 16
                                        policies and nomination process for members of the Board
                                        of Directors and/or members of the Board of Commissioners.

                                     2. Procedures and implementation of remuneration for the                              SEOJK 16
                                        Board of Directors and Board of Commissioners, including:

                                       a. Procedure for determining remuneration for the Board          577-578
                                          of Directors and Board of Commissioners.

                                       b. Disclosure of indicators for determining the                  578-579
                                          remuneration of the Board of Directors.

                                       c. The remuneration structure for the Board of Directors           578
                                          and the Board of Commissioners such as salaries,
                                          allowances, bonuses/ bonuses and others; And
                                          Notes: if there are no performance bonuses, non
                                          performance bonuses and stock options received by
                                          each member of the Board of Commissioners and
                                          Board of Directors, to be disclosed.

                                       d. The amount of remuneration for each member of the Board       580-581
                                          of Directors and members of the Board of Commissioners;
                                          Disclosure of information can be presented in tabular form.

Sharia supervisory board, for        Least load:                                                                           SEOJK 16
Issuers or Public Companies
that carry out business activities   a. Name.                                                             785
based on sharia principles
                                     b. The legal basis for the appointment of the Sharia
as stated in the articles of
                                        Supervisory Board.
association.
                                     c. The assignment period of the Sharia Supervisory Board.

                                     d. Duties and responsibilities of the Sharia Supervisory Board.    785-786

                                     e. Frequency and method of providing advice and                    791-792
                                        suggestions as well as monitoring compliance with
                                        sharia principles in the capital market to Issuers or Public
                                        Companies.

Audit Committee.                     1. Name and title in the membership of the committee.              595-596            SEOJK 16
                                                                                                                            POJK 17
                                     2. Age.

                                     3. Citizenship.

                                     4. Educational background.

                                     5. Position history, including information on:

                                       a. Legal basis for appointment as committee member.

                                       b. Concurrent positions, both as members of the Board of
                                          Commissioners, members of the board of directors, and/
                                          or committee members and other positions (if any).

                                       c. Work experience and time period both inside and
                                          outside the issuer or public company.

                                     6. Period and tenure of audit committee members.

                                     7. Description of duties and responsibilities.                     591-593

                                     8. Audit committee independence statement.                         598-597

                                     9. Training and/or competency improvement that has been            597-599
                                        attended in the financial year (if any).


                                                                                      PT Bank Tabungan Negara (Persero) Tbk       861
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          Criteria                                    Explanation                               Page     Regulations

                              10. Policy and implementation of the frequency of audit          599-604     SEOJK 13
                                  committee meetings and the level of attendance of audit                  SEOJK 16
                                  committee members at these meetings.                                      POJK 17

                              11. Implementation of audit committee activities in the          604-605
                                  financial year according to what is stated in the audit
                                  committee guidelines or charter.

Issuer or Public Company      Least load:
nomination and remuneration
committee or function.        1. Name and title in the membership of the committee.            611-612     SEOJK 16
                                                                                                            POJK 17
                              2. Age.

                              3. Citizenship.

                              4. Educational background.

                              5. Position history, including information on:

                              a. Legal basis for appointment as committee member.

                              b. Concurrent positions, both as members of the Board of
                                 Commissioners, members of the board of directors, and/
                                 or committee members and other positions (if any).

                              c. Work experience and time period both inside and outside
                                 the issuer or public company.

                              6. Period and tenure of committee members.

                              7. Committee independence statement.                               613

                              8. Training and/or competency improvement that has been          614-616
                                 attended in the financial year (if any).

                              9. Description of duties and responsibilities.                   606-608

                              10. Statement that already has a guideline or charter.           608-609

                              11. Policy and implementation of the frequency of meetings       616-620
                                  and the level of attendance of members at these
                                  meetings.

                              12. A brief description of the implementation of activities in     621
                                  the financial year.

                              In the event that a nomination and remuneration
                              committee is not formed, it is sufficient for the Issuer or
                              Public Company to disclose the information referred to in
                              letter i) to letter l) and disclose:

                              1. The reasons for not forming the committee

                              2. Parties carrying out nomination and remuneration
                                 functions.




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             Criteria                                     Explanation                                Page         Regulations

Other committees owned by        Least load:                                                        625-626            SEOJK 16
Issuers or Public Companies in                                                                                          POJK 17
order to support the functions   1. Name and title in the membership of the committee.
and duties of the Board of
                                 2. Age.
Directors (if any) and/ or
committees that support the      3. Citizenship.
functions and duties of the
Board of Commissioners.          4. Educational background.

                                 5. Position history, including information on:

                                   a. Legal basis for appointment as committee member.

                                   b. Concurrent positions, both as members of the Board of
                                      Commissioners, members of the board of directors, and/
                                      or committee members and other positions (if any).

                                   c. Work experience and time period both inside and
                                      outside the issuer or public company.

                                 6. Period and tenure of committee members.

                                 7. Committee independence statement.                                 626

                                 8. Training and/or competency improvement that has been            627-629
                                    attended in the financial year (if any).

                                 9. Description of duties and responsibilities.                       622

                                 10. Statement that already has a guideline or charter.               623

                                 11. Policy and implementation of the frequency of meetings         629-636
                                     and the level of attendance of members at these
                                     meetings.

                                 12. A brief description of the implementation of activities in     636-637
                                     the financial year.

Company secretary.               1. Name.                                                             639              SEOJK 16

                                 2. domicile.

                                 3. Position history, including:

                                   a. Legal basis for appointment as company secretary.

                                   b. Work experience and time period both inside and
                                      outside the issuer or public company.

                                 4. Educational background.

                                 5. Training and/or competency improvement attended in              639-640
                                    the financial year.

                                 6. Brief description of the implementation of the duties of         641-642
                                    the corporate secretary in the financial year.

Internal Audit Unit.             1. Name of the head of the internal audit unit.                      646              SEOJK 16
                                                                                                                        POJK 17
                                 2. Position history, including:

                                   a. Legal basis for appointment as company secretary.

                                   b. Work experience and time period both inside and
                                      outside the issuer or public company.

                                 3. Qualification or certification as internal audit profession
                                    (if any).

                                 4. Number of employees (internal auditors) in the internal           648
                                    audit unit.

                                 5. Training and/or competency improvement attended in              649-651
                                    the financial year.




                                                                                  PT Bank Tabungan Negara (Persero) Tbk      863
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           Criteria                                         Explanation                              Page      Regulations

                                   6. The structure and position of the internal audit unit.        645-646

                                   7. Description of duties and responsibilities.                     647

                                   8. A statement that the internal audit unit has guidelines or      647
                                      charters.

                                   9. A brief description of the implementation of the duties of    653-658
                                      the internal audit unit in the financial year including the
                                      policy and implementation of the frequency of meetings
                                      with the directors, board of commissioners and/or the
                                      audit committee.

Public Accountant.                 1. The name and year of the public accountant who                698-699      POJK 17
                                      audited the annual financial statements for the last 5
                                      years.

                                   2. The name and year of the public accountant who
                                      audited the annual financial statements for the last 5
                                      years.

                                   3. The amount of the fee for each type of service provided
                                      by the Public Accounting Firm in the last financial year.

                                   4. Other services provided by the Public Accounting Firm
                                      and public accountants in addition to auditing the
                                      annual financial statements for the last financial year.

                                   Notes: if there is no other service in question, so that it is
                                   disclosed.

Description of the internal        1. Financial and operational control, as well as compliance      700-701      SEOJK 13
control system implemented by         with other laws and regulations.                                           SEOJK 16
the issuer or public company.
                                   2. Review of the effectiveness of the internal control system.    702-

                                   3. Statement of the Board of Directors and/or Board of             703        SEOJK 16
                                      Commissioners regarding the adequacy of the internal
                                      control system.

Risk management system             1. General description of the Issuer’s or Public Company’s       707-711      SEOJK 16
implemented by Issuers or             risk management system.                                                    SEOJK 13
Public Companies.
                                   2. Types of risk and how to manage them.                          711-717

                                   3. Review of the effectiveness of the Issuer’s or Public           719
                                      Company’s risk management system.

                                   4. Statement of the Board of Directors and/or Board of           719-721      SEOJK 16
                                      Commissioners or the audit committee on the adequacy
                                      of the risk management system.

Compliance function.               The level of the Bank’s compliance with all provisions and       721-723      SEOJK 13
                                   laws and regulations as well as fulfillment of commitments                    POJK 17
                                   with the competent authorities.

Legal cases with a material        1. Main case/lawsuit.                                            736-737      SEOJK 16
impact faced by issuers or
public companies, subsidiaries,    2. Case/lawsuit settlement status.
members of the board of
                                   3. The impact on the condition of issuers or public
directors and members of the
                                      companies. The risks faced by the company and the
board of commissioners (if any).
                                      nominal value of claims/lawsuits.

                                   4. Disclosure regarding legal issues at least includes:                       SEOJK 13
                                      a. the number of civil and criminal cases faced and
                                         decisions that have permanent legal force.
                                      b. the number of civil and criminal matters faced and still
                                         in the process of being resolved.
                                   Notes: in the event that the company, subsidiaries,
                                   members of the Board of Commissioners and members of
                                   the Board of Directors do not have important matters, this
                                   must be disclosed.




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           Criteria                                       Explanation                              Page         Regulations

Information on administrative                                                                       737              SEOJK 16
sanctions/sanctions imposed
on issuers or public companies,
board members commissioners
and members of the board
of directors, by the Financial
Services Authority
and other authorities in the
financial year (if any).

Information regarding the code    1. Principles of the code of ethics.                            755-756            SEOJK 16
of ethics of Issuers or Public
Companies                         2. Forms of dissemination of the code of ethics and               757
                                     enforcement efforts

                                  3. Statement that the code of ethics applies to members           757
                                     of the Board of Directors, members of the Board of
                                     Commissioners, and employees of the Issuer or Public
                                     Company

Implementation of Governance      1. Remuneration Committee                                         690              POJK 45
in Providing Remuneration for        a. Name of members, composition, duties and
Banks.                                  responsibilities.
                                     b. Number of meetings held.
                                     c. Remuneration that has been paid to members of the
                                        Remuneration Committee for 1 (one) year.

                                  2. Remuneration policy formulation process which includes:      690-691
                                     a. Review of the background and objectives of the
                                        Remuneration policy.
                                     b. Implementation of a review of the Remuneration policy
                                        in the previous year, along with its improvements.
                                     c. Mechanism to ensure that Remuneration for
                                        Employees in the control unit is independent from the
                                        work unit they supervise.

                                  3. Remuneration policy coverage and its implementation            691
                                     per business unit, per region and in subsidiaries or
                                     branch offices located overseas

                                  4. Remuneration is associated with risks that include:            691
                                     a. The main type of risk (key risk) used in implementing
                                        Remuneration.
                                     b. Criteria for determining the main types of risk,
                                        including for risks that are difficult to measure.
                                     c. The impact of determining the main risk on the
                                        Variable Remuneration policy.
                                     d. Changes in the determination of the main types of risk
                                        compared to last year and the reasons, if any.

                                  5. Performance measurement is associated with                     691
                                     Remuneration which includes:
                                     a. Review of Remuneration policies linked to performance
                                        appraisal.
                                     b. The method of linking individual Remuneration with Bank
                                        performance, work unit performance and individual
                                        performance.
                                     c. A description of the method used by the Bank to state
                                        that the agreed performance cannot be achieved, so
                                        it is necessary to make adjustments to remuneration
                                        and the amount of remuneration adjustments if this
                                        condition occurs.

                                  6. Remuneration Adjustment is related to Performance and        691-692
                                     Risk which includes:
                                     a. Policy regarding Variable Remuneration that is
                                        deferred, the amount, and the criteria for determining
                                        the amount.
                                     b. The Bank’s policy regarding Variable Deferred
                                        Remuneration which is postponed for payment
                                        (malus), or withdrawn when it has been paid
                                        (clawback).

                                  7. The name of the external consultant and the duties of the      692
                                     consultant related to the Remuneration policy, if the Bank
                                     uses the services of an external consultant



                                                                               PT Bank Tabungan Negara (Persero) Tbk       865
Page 435
            Criteria                                         Explanation                                 Page     Regulations

                                    8. The Remuneration Package and facilities received by the          692-693
                                       Board of Directors and Board of Commissioners include
                                       the Remuneration structure and details of the nominal
                                       amount.

                                    9. Variable Remuneration includes:                                    693
                                       a. Forms of Variable Remuneration along with the
                                          reasons for choosing this form. And
                                       b. An explanation if there are differences in the provision
                                          of Variable Remuneration among the Directors, Board
                                          of Commissioners and/or Employees.

                                    10. the number of Directors, Board of Commissioners and               693
                                        Employees who receive Variable Remuneration for 1 (one)
                                        year, and the total amount.

                                    11. Position and number of parties who are material risk            693-694
                                        takers.

                                    12. Shares optionowned by the Board of Directors, Board of          694-696
                                        Commissioners and Executive Officers.

                                    13. The ratio of the highest and lowest salaries                     696

                                    14. The number of beneficiaries and the total amount of               697
                                        Variable Remuneration guaranteed unconditionally
                                        will be given by the Bank to candidates for the Board of
                                        Directors, candidates for the Board of Commissioners,
                                        and/or prospective Employees during the first 1 (one)
                                        year of work

                                    15.The number of employees affected by termination of                 697
                                       employment and the total amount of severance paid

                                    16.The total amount of deferred Variable Remuneration,                697
                                       which consists of cash and/or shares or share-based
                                       instruments issued by the Bank.

                                    17. The total amount of deferred Variable Remuneration paid           697
                                        for 1 (one) year.

                                    18.Details of the amount of Remuneration given in one year            697
                                       include:
                                       a. Fixed or variable remuneration.
                                       b. Deferred and non-deferred remuneration.
                                       c. Forms of Remuneration provided in cash and/or shares
                                          or share-based instruments issued by the Bank.

                                    19. Quantitative information about:                                   697
                                        a. The total remaining Remuneration that is still suspended,
                                           both exposed to implicit and explicit adjustments.
                                        a. Total reduction in Remuneration caused by explicit
                                           adjustments during the reporting period.
                                        b. Total reduction in Remuneration caused by implicit
                                           adjustments during the reporting period.

A brief description of the policy   In terms of compensation in the form of management                    759       SEOJK 16
of providing performance-           stock ownership program (MSOP) and/or employee stock
based longterm compensation         ownership program (ESOP).
to management and/or                The information disclosed shall contain at least:
employees owned by issuers
or public companies (if any),       1. Number of shares and/or options.
including but not limited to
                                    2. Implementation period.
management stock ownership
programs program ownership/         3. Eligible employee and/or management requirements.
MSOP) and/or employee stock
ownership program (ESOP).           4. The exercise price or the determination of the exercise price.




866      PT Bank Tabungan Negara (Persero) Tbk
Page 436
                                                                                                                  2024
                                                                                                          Annual Report




            Criteria                                         Explanation                                 Page        Regulations

A brief description of the           1. Share ownership of members of the Board of Directors and        586-589           SEOJK 16
Information disclosure policy           members of the Board of Commissioners no later than 3
regarding                               (three) working days after the ownership or any change in
                                        ownership of the shares of the Public Company.

                                     2. Implementation of the intended policy.

Description of the                   1. How to submit a violation report.                                 760             SEOJK 16
whistleblowing
system at the Issuer or Public       2. Protection for reporters.                                         760
Company.
                                     3. The handling of complaints.                                     761-767

                                     4. The party managing the complaint.                                 768

                                     5. The results of handling complaints, at least:                     768

                                       a. Number of complaints received and processed in the
                                          financial year.

                                       b. Complaint follow-up.

                                     In the event that an issuer or a public company does not
                                     have a whistleblowing system, this will be disclosed.

Description of the Issuer’s          1. Programs and procedures carried out in Overcoming               769-776           SEOJK 16
or Public Company’s anti-               corrupt practices, kickbacks, fraud, bribery and/or                                POJK 17
corruption policy.                      gratuities in Issuers or Public Companies.

                                     2. Anti-corruption training/socialization for employees of         776-777
                                        Issuers or Public Companies.

                                     In the event that the Issuer or Public Company does not
                                     have an anticorruption policy, the reasons for not having
                                     the said policy will be explained.

Handling conflicts of interest                                                                            780             SEOJK 13
                                                                                                                          POJK 17

Provision of funds to related        Information that needs to be disclosed is the total amount           779             SEOJK 13
parties and provision of large       of debit balances for provision of funds to related parties
funds (large exposure).              and to core debtors (individuals or groups) per report
                                     position

Transparency of the Bank’s                                                                                780             SEOJK 13
financial and non-financial                                                                                               POJK 17
conditions that have not been
disclosed in other reports.

Other information related to                                                                              780             SEOJK 13
Bank Governance, including
owner
intervention, internal disputes or
problems that arise as a result
of
remuneration policies at the
Bank.

Number of Deviations (Internal       Disclosure of irregularities (internal fraud) at least includes:     779             SEOJK 13
Fraud).                              1. Number of deviations (internal fraud) that have been
                                        resolved.
                                     2. The number of irregularities (internal fraud) that are in
                                        the process of being resolved internally at the bank.
                                     3. Number of irregularities (internal fraud) that have not
                                        been resolved internally at the bank.
                                     4. The number of irregularities (internal fraud) that have
                                        been followed up through the legal process.

Buy Back of Shares and/or Bank       1. Policy in buying back shares or bonds of the Bank.                779             SEOJK 13
Bonds.                               2. Number of shares and/or bonds bought back.
                                     3. Repurchase price per share and/or bond.
                                     4. Increase in earnings per share and/or bonds.

Provision of Funds for Social        Disclosure regarding the provision of funds for social               779             SEOJK 13
Activities and/or Political          activities and/or political activities at least includes the
Activities During the                recipient of the funds and the
Reporting Period.                    amount of funds provided.




                                                                                    PT Bank Tabungan Negara (Persero) Tbk       867
Page 437
            Criteria                                     Explanation                               Page     Regulations

Implementation of                                                                                   780       POJK 17
sustainable finance, including
implementation of social and
environmental responsibility

Implementation of Public          1. Statement regarding recommendations that have been           798-808     SEOJK 16
Company governance                   implemented and/or
guidelines for Issuers
that issue equity securities or   2. Explanation of recommendations that have not been
Public Companies.                    implemented, accompanied by reasons and alternatives
                                     for implementation (if any).

                                  Disclosure of information can be presented in tabular form.

SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ISSUER OR PUBLIC COMPANY

Corporate Social Responsibility   1. The information disclosed in the social and                  826-846     SEOJK 16
                                     environmental responsibility section is a Sustainability
                                     Report as intended in Financial Services Authority
                                     Regulation Number 51/POJK.03/2017 concerning the
                                     Implementation of Sustainable Finance for Financial
                                     Services Institutions, Issuers and Public Companies,
                                     containing at least :

                                    a) Explanation of sustainability strategy.

                                    b) Overview of sustainability aspects (economic, social
                                       and environmental).

                                    c) Brief profile of the Issuer or Public Company.

                                    d) Directors’ Explanation.

                                    e) Sustainability governance.

                                    f) Sustainability performance.

                                    g) Written verification from an independent party, if any.

                                    h) Feedback sheet for readers, if any.

                                    i) The Issuer’s or Public Company’s response to feedback
                                       from the previous year’s report.

                                  2. Sustainability Report as referred to in number 1), must be
                                     prepared in accordance with the Technical Guidelines
                                     for Preparing Sustainability Reports for Issuers and
                                     Public Companies as stated in Appendix II which is an
                                     inseparable part of this Financial Services Authority
                                     Circular Letter.

                                  3. Sustainability Report information in number 1) can:

                                    a) Disclosed in other relevant sections outside the social
                                       and environmental responsibility section, such as the
                                       Directors’ explanation regarding the Sustainability
                                       Report disclosed in the relevant section of the
                                       Directors’ Report; and/or




868      PT Bank Tabungan Negara (Persero) Tbk
Page 438
                                                                                                           2024
                                                                                                   Annual Report




           Criteria                                    Explanation                                Page        Regulations

                                 b) Refer to other sections outside the social and               826-846
                                    environmental responsibility section while still referring
                                    to the Technical Guidelines for Preparing Sustainability
                                    Reports for Issuers and Public Companies as listed
                                    in Appendix II which is an inseparable part of this
                                    Financial Services Authority Circular Letter, such as the
                                    profile Issuer or Public Company.

                               4. The Sustainability Report as referred to in number 1) is
                                  an inseparable part of the Annual Report but can be
                                  presented separately from the Annual Report.

                               5. In the event that the Sustainability Report is presented
                                  separately from the Annual Report, the information
                                  disclosed in the Sustainability Report must:

                                 a) Contains all information as intended in number 1); And

                                 b) Prepared in accordance with the Technical Guidelines
                                    for Preparing Sustainability Reports for Issuers and
                                    Public Companies as stated in Appendix II which is an
                                    inseparable part of this Financial Services Authority
                                    Circular Letter.

                               6. If the Sustainability Report is presented separately from
                                  the Annual Report, then the social and environmental
                                  responsibility section contains information that
                                  information regarding social and environmental
                                  responsibility has been disclosed in the Sustainability
                                  Report which is presented separately from the Annual
                                  Report.

                               7. Submission of a Sustainability Report which is presented
                                  separately with the Annual Report must be submitted
                                  simultaneously with the submission of the Annual Report.




Information

SEOJK 16   : OJK Circular Letter No. 16/SEOJK.04/2021 concerning Form and Content of Annual Reports of Issuers or
             Public Companies.
SEOJK 9    : OJK Circular Letter No. 9/SEOJK.03/2020 concerning Transparency and Publication of Conventional
             Commercial Bank Reports.
SEOJK 13   : OJK Circular Letter No. 13/SEOJK.03/2017 concerning Implementation of Governance for Commercial
             Banks.
POJK 45    : OJK Regulation No. 45/POJK.03/2015 concerning Implementation of Governance in Providing Remuneration
             for Commercial Banks.
POJK 17    : OJK Regulation 17 of 2023 concerning the Implementation of Governance for Commercial Banks




                                                                             PT Bank Tabungan Negara (Persero) Tbk   869
Page 439
PT Bank Tabungan Negara (Persero) 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 auditors’ report
Page 440
~umn                     NDONESIA

                SURAT PERNYATAAN DEWAN DIREKSI                                                        BOARD OF DIRECTORS' STATEMENT .
                 TENTANG TANGGUNG JAWAB ATAS                                                                     REGARDING
                      LAPORAN KEUANGAN                                                                    THE RESPONSIBILITY FOR
                   TANGGAL 31 DESEMBER 2024                                                              THE FINANCIAL STATEMENTS
             DAN UNTUK TAHUN YANG BERAKHIR PADA                                                         AS OF DECEMBER 37, 2024 AND
                       TANGGALTERSEBUT                                                                   FOR THE YEAR THEN ENDED
            PT BANK TABUNGAN NEGARA (PERSERO) Tbk                                                 PT BANK TABUNGAN NEGARA (PERSERO) Tbk

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

          1.    Nama                                              Nixon L.P. Napitupulu                                                             Name
                Alamat kantor                            PT Bank Tabungan Negara (Persero) Tbk                                             Office address
                                                           JI. Gajah Mada No. 1 Jakarta 10130
                Alamat domisili                                     JI. Wijaya I No. 13                                             Domicile address or
                  atau sesuai KTP                         Kel. Petogogan, Kec, Kebayoran Baru                                  address according to ID
                                                                     Jakarta Selatan
                Nomor telepon                                          021-6346762                                                    Telephone number
                Jabatan                                     Direktur UtamalPresident Director                                                      Title

          2.    Nama                                                Nofry Rony Poetra                                                               Name
                Alamat kantor                            PT Bank Tabungan Negara (Persero) Tbk                                             Offrce address
                                                           JI. Gajah Mada No. 1 Jakarta 10130
                Alamat domisili                                 JI. Taman Patra XII No. 17                                          Domicile address or
                  atau sesuai KTP                          Kel. Kuningan Timur, Kec. Setiabudi                                 address according to ID
                                                                      Jakarta Selatan
                Nomor telepon                                          021-5264529                                                    Telephone number
                Jabatan                                    Direktur Finance/Director of Finance                                                    Title

          menyatakan bahwa:                                                                                                                  declare that:
               Kami bertanggung jawab atas penyusunan dan                                .7. We are responsible for the preparation and
               penyajian laporan keuangan PT Bank Tabungan                                   presentation of the financial statements of PT Bank
               Negara (Persero) Tbk;                                                         Tabungan Negara (Persero) Tbk;
          2. Laporan keuangan PT Bank Tabungan Negara                                         2. The financial statements of PT Bank Tabungan
             (Persero) Tbk telah disusun dan disajikan sesuai                                    Negara (Persero) Tbk 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 PT                                    3. a. All information in the financial statements of PT
                 Bank Tabungan Negara (Persero) Tbk telah                                           Bank Tabungan Negara (Persero) Tbk have
                 diungkapkan secara lengkap dan benar; dan                                          been fully disclosed in a complete and truthful
                                                                                                    manner,' and

               b. Laporan keuangan PT Bank Tabungan Negara                                             b. The financial statements of PT Bank Tabungan
                  (Persero) Tbk tidak mengandung informasi atau                                           Negara (Persero) Tbk do not contain any
                  fakta material yang tidak benar, dan tidak                                              incorrect information or material fact, nor do
                  menghilangkan informasi atau fakta material;                                            they omit any information or material fact;

          4. Kami bertanggung jawab atas sistem pengendalian                                  4. We are responsible for the internal control system
             internal dalam PT Bank Tabungan Negara                                              of PT Bank Tabungan Negara (Persero) Tbk.
             (Persero) Tbk.
          Demikian pernyataan ini dibuat dengan sebenarnya.                                                             This statement is made truthfully.
                                                          aria, 12 Februa.ri 2025/Jakarta. February 12, 2025
                                                                                   ~_

                                                                                        iGl   v.~,ZO        '~
                                                                                              METE
                                                                                 r             TE           i
                                                                                     ACAMX076888

                                           Nixon L.P. Na itu ulu ~                                     Nofry Rony Po2tra
                                      Direktur Utama/Press ent Director                       Direktur FinancelDirector of Finance

PT Bank Tabungan Negara (Persero) Tbk                T +62 21 633 6789, 633 2666
Kantor Pusat                                         E csd@btn.co.id
Menare Bank BTN                                      www.btn.co.id
11. Gajah Mada No. 1,lakarta Pusat 10130 Indonesia   NPWP:01.001.609.5-093.000
Page 441
                                                                                      The original financial statements included herein are in the
                                                                                                                            Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) TBK
              LAPORAN KEUANGAN                                                                 FINANCIAL STATEMENTS
        TANGGAL 31 DESEMBER 2024 DAN                                                       AS OF DECEMBER 31, 2024 AND
         UNTUK TAHUN YANG BERAKHIR                                                          FOR THE YEAR THEN ENDED
           PADA TANGGAL TERSEBUT                                                        WITH INDEPENDENT AUDITORS’ REPORT
    BESERTA LAPORAN AUDITOR INDEPENDEN


                               Daftar Isi                                                                 Table of Contents




                                                                    Halaman/Page


Laporan Auditor Independen                                                                                       Independent Auditor’s Reports

Laporan Posisi Keuangan..............................................     1-6     .................................. Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                                                   Statement of Profit or Loss
    Komprehensif Lain .................................................   7-9     ...................... and Other Comprehensive Income

Laporan Perubahan Ekuitas .......................................... 10 - 12 ................................. Statement of Changes in Equity

Laporan Arus Kas ......................................................... 13 - 15 ........................................... Statement of Cash Flows

Catatan Atas Laporan Keuangan ................................... 16 - 336 .............................. Notes to the Financial Statements



                                                              ***************************
Page 442
                                                            The original report included herein is in the Indonesian
                                                                                                           language.



Laporan Auditor Independen                            Independent Auditor’s Report

Laporan No. 00046/2.1032/AU.1/07/1681-                Report    No.       00046/2.1032/AU.1/07/1681-
2/1/II/2025                                           2/1/II/2025


Pemegang Saham, Dewan Komisaris, dan                  The Shareholders, the Board of Commissioners,
Direksi                                               and the Board of Directors
PT Bank Tabungan Negara (Persero) Tbk.                PT Bank Tabungan Negara (Persero) Tbk.

Opini                                                 Opinion

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

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 performance
arus kasnya untuk tahun yang berakhir pada            and cash flows for the year then ended, in
tanggal tersebut, sesuai dengan Standar               accordance with Indonesian Financial Accounting
Akuntansi Keuangan di Indonesia.                      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 relevant to our audit of
Indonesia, dan kami telah memenuhi tanggung           the financial statements in Indonesia, and we have
jawab etika lainnya berdasarkan ketentuan             fulfilled our other ethical responsibilities in
tersebut. Kami yakin bahwa bukti audit yang           accordance with such requirements. We believe
telah kami peroleh adalah cukup dan tepat untuk       that the audit evidence we have obtained is
menyediakan suatu basis bagi opini kami.              sufficient and appropriate to provide a basis for
                                                      our opinion.




                                                  i
Page 443
                                                              The original report included herein is in the Indonesian
                                                                                                             language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                  Report   No.    00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                  2/1/II/2025 (continued)


Hal audit utama                                         Key audit matter

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 audit utama          current period. Such key audit matters were
tersebut disampaikan dalam konteks audit kami           addressed in the context of our audit of the
atas laporan keuangan secara keseluruhan, dan           financial statements taken as a whole, and in
dalam merumuskan opini kami atas laporan                forming our opinion thereon, and we do not
keuangan terkait, dan kami tidak menyatakan             provide a separate opinion on such key audit
suatu opini terpisah atas hal audit utama               matters. For the key audit matter below, our
tersebut. Untuk hal audit utama di bawah ini,           description of how our audit addressed such key
penjelasan kami tentang bagaimana audit kami            audit matter is provided in such context.
merespons hal tersebut 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 dirancang 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.




                                                   ii
Page 444
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                    Report   No.    00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                    2/1/II/2025 (continued)


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

Cadangan kerugian penurunan nilai atas kredit             Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah             sharia financing/receivables

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

Seperti yang dijelaskan dalam Catatan 11 atas             As described in Note 11 to the accompanying
laporan keuangan        terlampir, pada tanggal           financial statements, as of December 31, 2024,
31 Desember 2024, cadangan kerugian                       the allowance for impairment losses on loans and
penurunan nilai atas kredit yang diberikan dan            sharia financing/receivables was Rp13,057,187
pembiayaan/piutang syariah adalah sebesar                 million. The significant accounting policies of
Rp13.057.187 juta.          Kebijakan akuntansi           allowance for impairment losses on loans and
signifikan untuk cadangan kerugian penurunan              sharia financing/receivables are disclosed in Note
nilai   atas    kredit    yang    diberikan  dan          2e to the accompanying financial statements. We
pembiayaan/piutang syariah diungkapkan dalam              focused on this area due to the carrying value of
Catatan 2e atas laporan keuangan terlampir.               loans and syariah financing/receivables and the
Kami berfokus pada area ini karena nilai tercatat         allowance for impairment losses on loans and
atas      kredit      yang      diberikan    dan          syariah financing/receivables are significant to
pembiayaan/piutang syariah dan cadangan                   the accompanying financial statements.
kerugian penurunan nilai atas kredit yang
diberikan dan pembiayaan/piutang syariah
adalah signifikan terhadap laporan keuangan
terlampir.

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.




                                                    iii
Page 445
                                                               The original report included herein is in the Indonesian
                                                                                                              language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                   Report No. 00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                   2/1/II/2025 (continued)


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

Cadangan kerugian penurunan nilai atas kredit            Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah            sharia financing/receivables (continued)
(lanjutan)

Respons audit:                                           Audit response:

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




                                                    iv
Page 446
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                    Report No.      00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                    2/1/II/2025 (continued)


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

Cadangan kerugian penurunan nilai atas kredit             Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah             sharia financing/receivables (continued)
(lanjutan)

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, we tested a sample of loans
kredit yang diberikan dan pembiayaan/piutang              and sharia financing/receivables to evaluate the
syariah untuk mengevaluasi identifikasi secara            timely identification by the Bank of exposures with
tepat waktu oleh Bank atas eksposur yang                  significant deterioration in credit quality or those
mengalami penurunan kualitas kredit yang                  which have been impaired; for cases where
signifikan atau yang telah mengalami penurunan            impairment has been identified, assessed the
nilai; untuk kasus-kasus di mana penurunan nilai          Bank’s assumptions on the expected future cash
telah diidentifikasi, kami menilai asumsi Bank atas       flows, including the value of realizable collateral
arus kas masa depan ekspektasian, termasuk nilai          based on available market information or
agunan yang dapat direalisasikan berdasarkan              valuation prepared by independent valuer. We
informasi pasar yang tersedia atau penilaian yang         also checked the accuracy of the calculation of the
dilakukan oleh penilai independen. Kami juga              allowance for impairment losses amount by
memeriksa keakurasian perhitungan jumlah                  recalculating      the    collective    impairment
cadangan kerugian penurunan nilai dengan                  assessment for the entire portfolio and
melakukan perhitungan ulang berdasarkan                   recalculating      the    individual    impairment
sampel, menilai apakah pengungkapan di laporan            assessment on a sample basis, assessed whether
keuangan      cukup      dan    secara    memadai         the financial statement disclosures are
mencerminkan eksposur Bank terhadap risiko                adequately and appropriately reflecting the
kredit, dan melibatkan pakar auditor internal             Bank’s exposures to credit risk, and involved our
kami untuk membantu kami dalam melakukan                  auditor’s internal expert to assist us in the
prosedur-prosedur di atas ketika keahlian spesifik        performance of the above procedures where their
mereka diperlukan.                                        specific expertise was required.

Informasi lain                                            Other information

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 selain laporan            information included in the Annual Report other
keuangan terlampir dan laporan auditor                    than the accompanying financial statements and
independen kami. Laporan Tahunan diharapkan               our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan           Annual Report is expected to be made available to
auditor independen ini.                                   us after the date of this independent auditor’s
                                                          report.




                                                      v
Page 447
                                                              The original report included herein is in the Indonesian
                                                                                                             language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                  Report No.      00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                                  2/1/II/2025 (continued)


Informasi lain (lanjutan)                               Other information (continued)

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

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




                                                   vi
Page 448
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                     Report No.      00046/2.1032/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                  concern, and using the going concern basis of
dengan kelangsungan usaha, dan menggunakan                 accounting, unless management either intends to
basis 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 memperoleh 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,                  conducted in accordance with Standards on
namun bukan merupakan suatu jaminan bahwa                  Auditing established by the IICPA will always
audit yang dilaksanakan berdasarkan Standar                detect a material misstatement when it exists.
Audit yang ditetapkan oleh IAPI akan selalu                Misstatements can arise from fraud or error and
mendeteksi kesalahan penyajian material ketika             are considered material if, individually or in the
hal tersebut ada. Kesalahan penyajian dapat                aggregate, they could reasonably be expected to
disebabkan oleh kecurangan maupun kesalahan                influence the economic decisions of users taken
dan dianggap material jika, baik secara individual         on the basis of these financial statements.
maupun agregat, dapat diekspektasikan secara
wajar akan mempengaruhi keputusan ekonomi
yang diambil oleh pengguna berdasarkan laporan
keuangan tersebut.




                                                     vii
Page 449
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                      Report No.      00046/2.1032/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               skepticism throughout the audit. We also:
selama 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 memperoleh                  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               higher than for one resulting from error, as
    penyajian material yang disebabkan oleh                     fraud may involve collusion, forgery,
    kecurangan lebih tinggi daripada yang                       intentional omissions, misrepresentations, or
    disebabkan     oleh    kesalahan,      karena               the override of internal control.
    kecurangan dapat 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.




                                                     viii
Page 450
                                                               The original report included herein is in the Indonesian
                                                                                                              language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-                   Report No.      00046/2.1032/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
    diperoleh,     apakah     terdapat     suatu             evidence obtained, whether a material
    ketidakpastian material yang terkait dengan              uncertainty exists related to events or
    peristiwa    atau    kondisi    yang   dapat             conditions that may cast significant doubt on
    menyebabkan keraguan signifikan atas                     the Bank's ability to continue as a going
    kemampuan Bank untuk mempertahankan                      concern. If we conclude that a material
    kelangsungan      usahanya.     Ketika  kami             uncertainty exists, we are required to draw
    menyimpulkan       bahwa     terdapat  suatu             attention in our independent auditor’s report
    ketidakpastian material, kami diharuskan                 to the related disclosures in the financial
    untuk menarik perhatian dalam laporan                    statements or, if such disclosures are
    auditor independen kami ke pengungkapan                  inadequate, to modify our opinion. Our
    terkait dalam laporan keuangan atau, jika                conclusion is based on the audit evidence
    pengungkapan tersebut tidak memadai,                     obtained up to the date of our independent
    memodifikasi opini kami. Kesimpulan kami                 auditor’s report. However, future events or
    didasarkan pada bukti audit yang diperoleh               conditions may cause the Bank to cease to
    hingga tanggal laporan auditor independen                continue as a going concern.
    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 contents 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
    suatu cara yang mencapai penyajian wajar.                a manner that 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.



                                                    ix
Page 451
                                                          The original report included herein is in the Indonesian
                                                                                                         language.



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

Laporan No. 00046/2.1032/AU.1/07/1681-              Report   No.    00046/2.1032/AU.1/07/1681-
2/1/II/2025 (lanjutan)                              2/1/II/20z5 (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           relevant    ethical   requirements    regarding
yang relevan mengenai independensi, dan             independence, and to communicate with them all
mengomunikasikan kepada pihak            tersebut   relationships and other matters that may
seluruh hubungan, Berta hal-hal lain yang           reasonably be thought to bear on our
dianggap secara wajar berpengaruh terhadap          independence, and where applicable, related
independensi kami, dan jika relevan, pengamanan     safeguards.
terkait.

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 financial 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       regulation preclude public disclosure about such
pengungkapan publik tentang hal audit utama         key audit matter 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    consequences of doing so would reasonably be
karena konsekuensi yang merugikan Bari              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

                               12 Februari 2025/February 12, 2025
Page 452
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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/    31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                 Notes      December 31, 2024 December 31, 2023 December 31, 2022

ASET                                                                                                                        ASSETS

KAS                             2a,2d,4             2.105.620        2.127.489           1.661.533                            CASH

                                 2a,2d,                                                                      CURRENT ACCOUNTS
GIRO PADA BANK INDONESIA          2f,5             22.739.920       18.145.761          25.416.941       WITH BANK INDONESIA

                                                                                                              CURRENT ACCOUNTS
GIRO PADA BANK LAIN              2a,2c                                                                         WITH OTHER BANKS
  Pihak ketiga                  2d,2e,2f              886.415        1.153.949             963.935                  Third parties
  Pihak berelasi                 6,44               5.065.331        1.049.449             508.322                Related parties

                                                    5.951.746        2.203.398           1.472.257
  Cadangan kerugian                                                                                                     Allowance for
    penurunan nilai                                   (2.571)           (1.804)             (1.747)               impairment losses

                                                    5.949.175        2.201.594           1.470.510


PENEMPATAN PADA BANK             2a,2c                                                                   PLACEMENTS WITH BANK
  INDONESIA DAN BANK LAIN      2d,2g,7,44                                                          INDONESIA AND OTHER BANKS
  Pihak ketiga                                      4.661.043       30.561.061          12.975.894                 Third parties
  Pihak berelasi                                           61               61                  61               Related parties

                                                    4.661.104       30.561.122          12.975.955



EFEK-EFEK                       2a,2c,                                                                                  SECURITIES
  Pihak ketiga                 2d,2e,2h,           19.874.205        1.454.768             873.109                   Third parties
  Pihak berelasi                 8,44               5.489.205        3.851.105             850.059                 Related parties

                                                   25.363.410        5.305.873           1.723.168
  Cadangan kerugian                                                                                                 Allowance for
  penurunan nilai                                       (787)          (22.903)             (2.399)             impairment losses

                                                   25.362.623        5.282.970           1.720.769


OBLIGASI PEMERINTAH              2a,2c,                                                                       GOVERNMENT BONDS
  Pihak berelasi               2d,2h,9,44          35.475.529       35.893.929          51.964.973                Related parties


EFEK-EFEK YANG DIBELI DENGAN    2d                                                                 SECURITIES PURCHASED UNDER
  JANJI DIJUAL KEMBALI       2e, 2t,10                                                                 AGREEMENT TO RESELL
  Pihak ketiga                                       175.625                  -          1.434.190                Third parties




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


                                                                1
Page 453
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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/      31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                     Notes        December 31, 2024 December 31, 2023 December 31, 2022



ASET (lanjutan)                                                                                                         ASSETS (continued)

KREDIT YANG DIBERIKAN
  DAN PEMBIAYAAN/                   2c,2d,2e,                                                                         LOANS AND SHARIA
  PIUTANG SYARIAH                   2i,2j,11,44                                                               FINANCING/RECEIVABLES
  Kredit yang diberikan                                                                                                             Loans
    Pihak ketiga                                        286.144.106        268.898.377        247.217.823                   Third parties
    Pihak berelasi                                       27.935.999         27.685.483         19.439.742                 Related parties

                                                        314.080.105        296.583.860        266.657.565
  Cadangan kerugian                                                                                                             Allowance for
    penurunan nilai                                     (11.727.934)       (14.191.536)        (14.104.914)               impairment losses

                                                        302.352.171        282.392.324        252.552.651
  Pembiayaan/piutang syariah                                                                                      Sharia financing/receivables
    Pihak ketiga                                         43.681.345         37.027.078         31.367.082                       Third parties
    Pihak berelasi                                          211.482             87.203            257.057                    Related parties

                                                         43.892.827         37.114.281         31.624.139
  Cadangan kerugian                                                                                                             Allowance for
    penurunan nilai                                      (1.329.253)       (1.400.428)          (1.570.009)              impairment losses

                                                         42.563.574         35.713.853         30.054.130

                                                        344.915.745        318.106.177        282.606.781

TAGIHAN DERIVATIF                      2d                                                                       DERIVATIVE RECEIVABLES
  Pihak ketiga                       2am,12                 102.843             32.176            103.939                   Third parties


TAGIHAN AKSEPTASI                   2c,2d,2e                                                                  ACCEPTANCES RECEIVABLES
  Pihak ketiga                      2k,13,44                508.190           475.821             289.206                  Third parties
  Pihak berelasi                                            433.708            68.746             131.356                Related parties

                                                            941.898           544.567             420.562
  Cadangan kerugian                                                                                                             Allowance for
  penurunan nilai                                            (1.987)           (23.876)               (136)               impairment losses

                                                            939.911           520.691             420.426


ASET TETAP                           2m,2n,                                                                     PREMISES AND EQUIPMENT
  Biaya perolehan/nilai revaluasi    14,35               14.059.957         12.953.746         10.599.848           Cost/revaluation value
  Akumulasi penyusutan                                   (4.883.826)        (4.835.934)        (4.246.045)       Accumulated depreciation

                                                          9.176.131          8.117.812          6.353.803

BUNGA YANG MASIH AKAN
  DITERIMA                            2d,15              11.518.574         11.526.687         10.750.302         INTEREST RECEIVABLES

ASET PAJAK                                                                                                                 DEFERRED TAX
  TANGGUHAN - NETO                    2af,39              2.286.038          2.998.282          2.915.428                 ASSETS - NET

                                     2d,2n,2p
ASET LAIN-LAIN                      2q,2am,16             4.205.664          3.235.046          2.352.762                   OTHER ASSETS

TOTAL ASET                                              469.614.502        438.749.736        402.148.312                    TOTAL ASSETS




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

                                                                       2
Page 454
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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/    31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                 Notes      December 31, 2024 December 31, 2023 December 31, 2022


LIABILITAS, DANA SYIRKAH                                                                                   LIABILITIES, TEMPORARY
   TEMPORER DAN EKUITAS                                                                              SYIRKAH FUNDS AND EQUITY

LIABILITAS                                                                                                                LIABILITIES

LIABILITAS SEGERA               2d,2r,17            2.644.422         3.277.514          3.205.358     LIABILITIES DUE IMMEDIATELY

SIMPANAN DARI NASABAH         2c,2d,2s,44                                                              DEPOSITS FROM CUSTOMERS
Giro                               18                                                                              Demand deposits
   Pihak ketiga                                    19.418.767        20.957.283         17.636.481                  Third parties
   Pihak berelasi                                 121.604.495       108.412.008         87.264.437                Related parties

                                                  141.023.262       129.369.291        104.900.918


Giro Wadiah                        18                                                                         Wadiah demand deposits
   Pihak ketiga                                     2.255.148         2.402.428          1.783.134                    Third parties
   Pihak berelasi                                  16.627.618        11.037.037          6.841.675                 Related parties

                                                   18.882.766        13.439.465          8.624.809

                                                  159.906.028       142.808.756        113.525.727


Tabungan                           19                                                                                  Saving deposits
  Pihak ketiga                                     36.777.689        37.029.999         35.656.990                    Third parties
  Pihak berelasi                                      922.460           692.162            525.339                  Related parties

                                                   37.700.149        37.722.161         36.182.329


Tabungan Wadiah                    19                                                                           Wadiah saving deposits
  Pihak ketiga                                      1.520.491         1.274.456          1.192.775                    Third parties
  Pihak berelasi                                        1.441             2.136                943                 Related parties

                                                    1.521.932         1.276.592          1.193.718

                                                   39.222.081        38.998.753         37.376.047


Deposito berjangka                 20                                                                                    Time deposits
  Pihak ketiga                                     76.672.689        63.976.056         66.808.185                    Third parties
  Pihak berelasi                                   76.636.682        76.717.583         79.389.842                  Related parties

                                                  153.309.371       140.693.639        146.198.027

Total simpanan dari nasabah                       352.437.480       322.501.148        297.099.801        Total deposits from customers




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

                                                                3
Page 455
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

  PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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/     31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                 Notes       December 31, 2024 December 31, 2023 December 31, 2022

                                                                                                            LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH                                                                                    SYIRKAH FUNDS AND
   TEMPORER DAN EKUITAS (lanjutan)                                                                             EQUITY (continued)

SIMPANAN DARI BANK LAIN           2d,2t,                                                               DEPOSITS FROM OTHER BANKS
  Pihak ketiga                     21                  70.035            91.312             136.408                  Third parties

EFEK-EFEK YANG DIJUAL DENGAN     2d,2u,                                                                   SECURITIES SELL UNDER
  JANJI DIBELI KEMBALI             22                                                                AGREEMENT TO REPURCHASED
  Pihak ketiga                                       2.446.384                 -                   -               Third parties
  Pihak berelasi                                       963.042                 -                   -             Related parties

                                                     3.409.426                 -                   -


LIABILITAS AKSEPTASI            2c,2d,2k                                                                    ACCEPTANCES PAYABLE
   Pihak ketiga                  23,44                251.423           320.522             302.037                Third parties
   Pihak berelasi                                     690.475           224.045             118.525               Related parties

                                                      941.898           544.567             420.562

SURAT-SURAT BERHARGA
  YANG DITERBITKAN              1c,2c, 2d,                                                                       SECURITIES ISSUED
  Pihak ketiga                  2v,24,44               844.058         2.403.573          4.297.252                  Third parties
  Pihak berelasi                                     4.600.466         5.868.525          4.355.008                Related parties

                                                     5.444.524         8.272.098          8.652.260


PINJAMAN YANG DITERIMA          2c,2d,2w,                                                                        FUND BORROWINGS
   Pihak ketiga                   25,44             10.132.859        11.308.799          7.365.320                  Third parties
   Pihak berelasi                                   23.352.225        22.453.290         17.455.685                Related parties

                                                    33.485.084        33.762.089         24.821.005

BUNGA YANG MASIH
HARUS DIBAYAR                     2d,27               658.070           647.496             629.366           INTEREST PAYABLE

                                                                                                             ESTIMATED LOSSES ON
ESTIMASI KERUGIAN KOMITMEN      2c,2d,2af                                                                         COMMITMENTS
  DAN KONTINJENSI               28,40,44                 3.385             3.580              4.719         AND CONTINGENCIES

LIABILITAS IMBALAN KERJA        2c,2d,2ae                                                                  EMPLOYEE BENEFITS AND
   DAN LAIN-LAIN                29,42,44             2.372.168         2.951.848          7.248.985           OTHER LIABILITIES

PINJAMAN SUBORDINASI                                                                                           SUBORDINATED LOAN
   DAN EFEK-EFEK SUBORDINASI    2c,2d,2x                                                                        AND SECURITIES
   Pihak ketiga                  26,44               4.828.105         4.612.840          4.658.242                  Third parties
   Pihak berelasi                                    1.500.000         4.499.997          4.499.977                Related parties

                                                     6.328.105         9.112.837          9.158.219

TOTAL LIABILITAS                                   407.794.597       381.164.489        351.376.683            TOTAL LIABILITIES




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

                                                                 4
Page 456
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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/    31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                   Notes      December 31, 2024 December 31, 2023 December 31, 2022

                                                                                                             LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH                                                                                         SYIRKAH FUNDS AND
   TEMPORER DAN EKUITAS (lanjutan)                                                                                 EQUITY (continued)

DANA SYIRKAH TEMPORER                                                                                   TEMPORARY SYIRKAH FUNDS


SIMPANAN NASABAH                  2c,2d,2aa                                                             DEPOSITS FROM CUSTOMERS
  Giro Mudharabah                   44,18                                                                 Mudharabah current accounts
     Pihak ketiga                                      929.940           712.587             468.889                   Third parties
     Pihak berelasi                                     11.985            13.474              11.897                Related parties

                                                       941.925           726.061             480.786


  Tabungan Mudharabah                19                                                                     Mudharabah saving deposits
    Pihak ketiga                                      6.161.887        5.331.249           4.730.686                   Third parties
    Pihak berelasi                                      125.893          141.993              88.427                 Related parties

                                                      6.287.780        5.473.242           4.819.113


  Deposito berjangka Mudharabah      20                                                                       Mudharabah time deposits
    Pihak ketiga                                     15.129.659       11.975.188          11.886.366                   Third parties
    Pihak berelasi                                    6.857.408        8.908.369           7.637.191                 Related parties

                                                     21.987.067       20.883.557          19.523.557

Total simpanan nasabah                               29.216.772       27.082.860          24.823.456       Total deposits from customers



SIMPANAN DARI BANK LAIN            2d,2aa                                                            DEPOSITS FROM OTHER BANKS
  Giro Mudharabah                    21                                                                  Mudharabah current accounts
     Pihak ketiga                                         9.214            4.154                  56                 Third parties

  Tabungan Mudharabah                21                                                                     Mudharabah saving deposits
    Pihak ketiga                                        21.730            14.781              19.674                   Third parties

  Deposito berjangka Mudharabah      21                                                                       Mudharabah time deposits
    Pihak ketiga                                           300             4.300              19.089                  Third parties

Total simpanan dari bank lain                           31.244            23.235              38.819      Total deposits from other banks

TOTAL DANA SYIRKAH                                                                                                TOTAL TEMPORARY
  TEMPORER                                           29.248.016       27.106.095          24.862.275              SYIRKAH FUNDS




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

                                                                  5
Page 457
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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/   31 Desember 2024/ 31 Desember 2023/ 31 Desember 2022/
                                           Notes     December 31, 2024 December 31, 2023 December 31, 2022


                                                                                                                         LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH                                                                                                 SYIRKAH FUNDS AND
   TEMPORER DAN EKUITAS (lanjutan)                                                                                          EQUITY (continued)


EKUITAS                                                                                                                                         EQUITY
Modal saham - nominal
  Rp500 (Rupiah penuh)                                                                                                             Capital stock - Rp500
  per saham masing-masing                                                                                       par value per share (full amount)
  pada tanggal 31 Desember 2024,                                                                              as of December 31, 2024, 2023
  2023 dan 2022                                                                                                              and 2022, respectively
Modal dasar 20.478.432.000                                                                                        Authorized capital 20,478,432,000
  saham (nilai penuh)                                                                                                           shares (full amount)
  (terdiri dari 1 lembar saham seri A                                                                          (consisting of 1 share of Series A
  Dwiwarna dan 20.478.431.999                                                                                 Dwiwarna and 20,478,431,999
   lembar saham seri B)                                                                                                          shares of series B)
  masing-masing pada tanggal                                                                                     as of December 31, 2024, 2023
  31 Desember 2024, 2023 dan 2022                                                                                            and 2022, respectively
Modal ditempatkan dan disetor penuh                                                                                        Issued and fully paid capital
  14.034.444.413 saham                                                                                                      14,034,444,413 shares
   (nilai penuh) (terdiri dari 1 lembar                                                                              (full amount) (consisting of 1
  saham seri A Dwiwarna                                                                                               share of series A Dwiwarna
  dan 14.034.444.412 lembar                                                                                           and 14,034,444,412 shares
  Saham seri B) masing-masing                                                                                                      of series B) as of
  pada tanggal 31 Desember 2024,                                                                                  December 31, 2024, and 2023
  dam 2023 dan 10.590.000.000                                                                                                  and 10.590.000.000
  saham (nilai penuh) (terdiri dari                                                                           shares (full amount) (consisting of
  1 lembar saham seri A Dwiwarna                                                                                    1 share of series A Dwiwarna
  dan 10.589.999.999 lembar Saham                                                                                     and 10.589.999.999 shares
  seri B) pada tanggal 31 Desember                                                                               of series B) as of December 31,
  2022                                    2y,30a             7.017.222          7.017.222           5.295.000                                   2022
Tambahan modal disetor                     30b               4.418.900          4.418.900           2.054.454                  Additonal paid-in capital
Dana setoran modal                         30d                       -                  -           2.756.575                       Capital deposit fund
Kerugian neto yang belum                                                                                                             Net unrealized loss
  direalisasi dan cadangan kerugian                                                                                               allowance for and
  penurunan nilai atas                                                                                                        impairment losses on
  efek-efek dan obligasi pemerintah                                                                                    securities and government
  diukur pada nilai wajar melalui                                                                                       at fair value through other
  penghasilan komprehensif lain-                                                                                            comprehensive income
  setelah pajak tangguhan                   2h              (1.107.982)          (769.001)          (1.193.252)                   net of deferred tax
Pengukuran kembali                                                                                                                      Remeasurement
  program imbalan pasti -                                                                                                    of defined benefit plan
  setelah pajak tangguhan                   2ae              (424.015)           (560.339)            (409.657)                 - net of deferred tax
Bagian efektif lindung nilai                                                                                                          Effective portion of
  arus kas                                2an,12              (44.082)            (32.346)             (49.301)                     cash flow hedge
                                                                                                                     Revaluation surplus of premises
Surplus revaluasi aset tetap               2m,14             3.565.773          3.565.773           3.508.565                             and equipment
Saldo laba*)                                                                                                                         Retained earnings*)
  Telah ditentukan penggunaannya                            15.982.004         13.181.214          10.745.157                           Appropriated
  Belum ditentukan penggunaannya           2b,2z             3.164.069          3.657.729           3.201.813                        Unappropriated

TOTAL EKUITAS                                               32.571.889         30.479.152          25.909.354                          TOTAL EQUITY

TOTAL LIABILITAS, DANA                                                                                                        TOTAL LIABILITIES,
  SYIRKAH TEMPORER                                                                                                       TEMPORARY SYIRKAH
  DAN EKUITAS                                              469.614.502        438.749.736         402.148.312              FUNDS AND EQUITY



 *) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-             *)   Accumulated losses amounted to Rp14,226,290 was eliminated
    reorganisasi pada tanggal 31 Mei 2007.                                              as a result of quasireorganization on May 31, 2007.




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

                                                                          6
Page 458
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

      PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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/
                                        Notes     2024                2023              2022
PENDAPATAN DAN BEBAN                                                                                               INCOME AND EXPENSES
  OPERASIONAL                                                                                                         FROM OPERATIONS
Pendapatan Bunga dan                                                                                              Interest Income and Income
  Bagi Hasil                           2ab,2ac                                                                          from Profit Sharing
  Bunga                                  31a       25.472.625          24.722.529         23.233.200                                Interest
                                                                                                                     Profit sharing and margin
  Bagi hasil dan marjin unit syariah   2ad,31b      4.068.967           3.558.723          2.674.168                        from sharia unit

Total Pendapatan Bunga dan                                                                                         Total Interest Income and
   Bagi Hasil                                      29.541.592          28.281.252         25.907.368           Income from Profit Sharing

Beban Bunga, Bagi Hasil                                                                                            Interest, Profit Sharing and
  dan Bonus                                                                                                               Bonus Expenses
  Bunga                                2ab,32a    (15.913.459)        (13.203.108)         (9.866.919)                               Interest
  Beban pendanaan lainnya                            (200.476)           (203.317)           (169.804)          Other financing expenses
  Bonus simpanan Wadiah                2ad,32b       (153.446)            (71.621)            (57.558)                       Wadiah Bonus
  Hak pihak ketiga atas bagi                                                                                 Third parties’ share on return
  hasil Mudharabah                     2ad,32b     (1.781.559)         (1.372.916)          (815.803)                       of Mudharabah

Total Beban Bunga, Bagi Hasil                                                                                     Total Interest, Profit Sharing
   dan Bonus                                      (18.048.940)        (14.850.962)        (10.910.084)              and Bonus Expenses

Pendapatan Bunga dan Bagi                                                                                         Interest Income and Income
  Hasil - Neto                                     11.492.652          13.430.290         14.997.284             from Profit Sharing - Net


Pendapatan Operasional Lainnya                                                                                       Other Operating Income
  Pungutan administrasi dan                                                                                       Administration fees and
     denda atas simpanan dan                                                                                               penalties on
     kredit yang diberikan                          1.072.304           1.096.346            965.441                deposits and loans

  Pendapatan dari penerimaan kredit                                                                                  Income from recovery of
      yang dihapusbukukan                           1.338.753             934.191            431.591                     loans written-off
  Keuntungan dari penjualan
     efek-efek - neto                    2h,8         932.900                6.669                  -          Gain on sale of securities - net
  Keuntungan dari penjualan                                                                                      Gain on sale of government
      obligasi pemerintah - neto         2h,9            49.049           541.392                   -                         bonds – net
  Keuntungan yang belum direalisasi                                                                              Unrealized gain on changes
     dari perubahan nilai wajar                                                                                            in fair value of
     efek-efek - neto                    2h,8            30.175              1.802                      -                 securities - net
  Keuntungan yang belum direalisasi                                                                              Unrealized gain on changes
     dari perubahan nilai wajar                                                                                             in fair value of
     obligasi pemerintah - neto          2h,9               -                   -             55.045                            bonds - net
  Lain-lain                               33        1.152.738           1.310.747            822.775                                     Others

Total Pendapatan Operasional
   Lainnya                                          4.575.919           3.891.147          2.274.852            Total Other Operating Income


Penyisihan Kerugian Penurunan                                                                                        Provision for Impairment
  Nilai Aset Keuangan dan                                                                                            Losses on Financial
  Aset Non Keuangan                    2d,2p,34    (1.981.495)         (3.765.397)         (4.017.378)           and Non-financial Assets

(Penyisihan) pembalikan Estimasi                                                                                   (Provision for) reversal of
   Kerugian Penurunan                                                                                               Estimated losses on
   Nilai Komitmen dan Kontinjensi        28                195               1.139             (1.075)      Comitment and Contingencies




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

                                                                  7
Page 459
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

    PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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/
                                         Notes      2024               2023              2022
PENDAPATAN DAN BEBAN                                                                                             INCOME AND EXPENSES
  OPERASIONAL (lanjutan)                                                                                  FROM OPERATIONS (continued)

Beban Operasional Lainnya                                                                                          Other Operating Expenses
  Umum dan administrasi                   35         (4.456.861)        (3.884.779)         (3.754.028)            General and administrative
  Gaji karyawan                      2ae,2c,36,44    (4.445.575)        (3.982.503)         (4.190.298)       Salaries and employee benefits
  Premi program penjaminan                                                                                         Premium on government’s
     pemerintah                            43          (729.685)         (656.774)           (599.991)                   guarantee program
  Kerugian yang belum direalisasi                                                                              Unrealized losses on changes
     dari perubahan nilai wajar                                                                                 in fair value of government
  obligasi pemerintah - neto              2h,9          (40.444)            (5.780)                   -                           bonds - net
  Kerugian dari penjualan                                                                                         Loss on sale of government
     obligasi pemerintah - neto           2h,9                 -                 -           (266.235)                           bonds - net
  Kerugian dari penjualan                                                                                         Loss on sale of government
     Efek-efek - neto                     2h,8                 -                 -           (234.089)                      securities - net
  Kerugian yang belum direalisasi                                                                              Unrealized losses on changes
     dari perubahan nilai wajar                                                                                              in fair value of
     efek-efek - neto                     2h,8                 -                -             (64.931)                      securities - net
  Lain-lain                                37          (589.993)         (487.614)           (329.308)                                    Others

Total Beban Operasional Lainnya                     (10.262.558)        (9.017.450)         (9.438.880)      Total Other Operating Expenses


LABA OPERASIONAL                                      3.824.713         4.539.729           3.814.803         INCOME FROM OPERATIONS

PENDAPATAN (BEBAN) BUKAN                                                                                               NON-OPERATING
  OPERASIONAL - NETO                       38           (51.872)         (159.519)              60.887        INCOME (EXPENSES) - NET

LABA SEBELUM                                                                                                               INCOME BEFORE
  BEBAN PAJAK                                         3.772.841         4.380.210           3.875.690                       TAX EXPENSE
BEBAN PAJAK                              2ag,39        (765.513)         (879.222)           (830.617)                        TAX EXPENSE

LABA TAHUN BERJALAN                                   3.007.328         3.500.988           3.045.073              INCOME FOR THE YEAR


Penghasilan Komprehensif Lain:                                                                                 Other Comprehensive Income:

Akun-akun yang tidak akan direklasifikasi                                                                 Items that will not be reclassified
  ke laba rugi                                                                                                             to profit or loss
Surplus revaluasi aset tetap              2m,14                -           57.208             200.574    Surplus revaluation of fixed asset
Pengukuran kembali program imbalan                                                                             Remeasurement of defined
  pasti                                   2ae,41        168.301          (186.027)             59.872                          benefit plan
Pajak penghasilan terkait akun-akun                                                                    Income tax related to items that will
  yang tidak akan direklasifikasi                                                                                     not be reclassified
  ke laba rugi                             39c          (31.977)           35.345             (11.376)                    to profit or loss

Akun-akun yang akan direklasifikasi                                                                             Items that will be reclassified
  ke laba rugi                                                                                                                 to profit or loss
Bagian efektif lindung nilai                                                                                        Effective part of hedging-
  arus kas                                              (14.490)           20.932              (40.883)                              cash flow
Keuntungan (kerugian) neto yang
  belum direalisasi atas perubahan nilai
  efek-efek dan obligasi                                                                                        Net unrealized gain (loss) on
  pemerintah yang diukur pada                                                                       changes in value of fair value through
  nilai wajar melalui                                                                                      other comprehensive income
  penghasilan komprehensif lain          2h,8,9        (421.538)          517.528           (1.576.967) securities and government bonds




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

                                                                   8
Page 460
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

    PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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/
                                       Notes     2024                2023             2022
Penghasilan Komprehensif                                                                                          Other Comprehensive
  Lain: (lanjutan)                                                                                              Income: (continued)

Akun-akun yang akan direklasifikasi                                                                        Items that will be reclassified
  ke laba rugi (lanjutan)                                                                                to profit or loss (continued)

Pajak penghasilan terkait akun-akun                                                                     Income tax related to items that
  yang akan direklasifikasi                                                                                      will be reclassified
  ke laba rugi                                          85.311          (97.254)           307.463                   to profit or loss

Total Laba Komprehensif                                                                                   Total Comprehensive Income
   Tahun Berjalan                                  2.792.935          3.848.720          1.983.756                    for the Year


LABA PER SAHAM                                                                                                EARNINGS PER SHARE
Dasar (nilai penuh)                    2ai,47             214               249                  288               Basic (full amount)




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

                                                                 9
Page 461
                                                                                                                                                                                                         The original financial statements included herein are in the Indonesian language.


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



                                                                                                                        Keuntungan
                                                                                                                         (Kerugian)
                                                                                                                        yang Belum
                                                                                                                         Direalisasi
                                                                                                                      dan Cadangan
                                                                                                                           kerugian
                                                                                                                         penurunan
                                                                                                                      nilai atas Efek
                                                                                                                           efek dan
                                                                                                                           Obligasi
                                                                                                                        Pemerintah
                                                                                                                        yang Diukur
                                                                                                                          pada nilai
                                                                                                                       wajar melalui
                                                                                                                        penghasilan
                                                                                                                       komprehensif                                                                                Saldo Laba/ Retained Earnings*)
                                                    Modal                                                                 lain-Neto/                                                        Bagian
                                                 Ditempat                                                                Unrealized          Pengukuran                                     Efektif
                                                  kan dan                                                               Gain (Loss)           Kembali               Surplus                Lindung
                                                  Disetor                                                             and allowance           Program              Revaluasi              Nilai Arus
                                                  Penuh/               Tambahan                   Dana                for impairment        Imbalan Pasti         Aset Tetap/                Kas/
                                                   Issued                Modal                   Setoran                  losses on            - Neto/            Revaluation             Effective                 Telah
                                                 and Fully              disetor/                 Modal/                     FVTOCI         Remeasureme            Surplus of              Portion of             Ditentukan
                                                    Paid               Additional                Deposit              Securities and       nt of Defined         Premises and                Cash               Penggunaan                Belum Ditentukan
                             Catatan/             Capital               Paid-in                  capital                Government         Benefit Plan -         Equipment                  Flow                    nya/                 Penggunaannya/                  Ekuitas/
                              Notes                 Stock               Capital                   fund                  Bonds - Net             Net                                        Hedges               Appropriated               Unappropriated                  Equity

Saldo per 31 Desember 2021                       5.295.000               2.054.454                          -                     87.817        (458.153)             3.307.991             (19.983)                 8.606.555                     2.532.966             21.406.647          Balance as of December 31, 2021

Total Laba (Rugi)
 komprehensif tahun           2h,8                                                                                                                                                                                                                                                                      Total comprehensive
 berjalan                    9,12,41                        -                       -                       -              (1.281.069)            48.496               200.574              (29.318)                           -                   3.045.073              1.983.756                income (loss) for the year

Dana setoran modal               30d                        -                       -            2.756.575                             -                -                      -                     -                         -                              -           2.756.575                       Capital deposit fund

Dividen                          30c                        -                       -                       -                          -                -                      -                     -                         -                     (237.624)             (237.624)                                  Dividend

Pembentukan cadangan
  umum dan cadangan                                                                                                                                                                                                                                                                                   Appropriation for general
  tujuan                         30c                        -                       -                       -                          -                -                      -                     -               2.138.602                     (2.138.602)                       -                 and special reserves
Saldo per 31 Desember 2022                       5.295.000               2.054.454               2.756.575                 (1.193.252)          (409.657)             3.508.565             (49.301)               10.745.157                        3.201.813           25.909.354          Balance as of December 31, 2022

                 *)    Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007.                                  *)    Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.




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

                                                                                                                                                            10
Page 462
                                                                                                                                                       The original financial statements included herein are in the Indonesian language.

                                     PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                              PT BANK TABUNGAN NEGARA (PERSERO) TBK
                                        LAPORAN PERUBAHAN EKUITAS (lanjutan)                                                           STATEMENT OF CHANGES IN EQUITY (continued)
                                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)



                                                                                   Keuntungan
                                                                                    (Kerugian)
                                                                                   yang Belum
                                                                                    Direalisasi
                                                                                 dan Cadangan
                                                                                      kerugian
                                                                                    penurunan
                                                                                  nilai atas Efek
                                                                                      efek dan
                                                                                      Obligasi
                                                                                   Pemerintah
                                                                                   yang Diukur
                                                                                     pada nilai
                                                                                  wajar melalui
                                                                                   penghasilan
                                                                                  komprehensif                                                              Saldo Laba/ Retained Earnings*)
                                            Modal                                    lain-Neto/                                             Bagian
                                         Ditempat                                   Unrealized        Pengukuran                            Efektif
                                          kan dan                                  Gain (Loss)         Kembali              Surplus        Lindung
                                          Disetor                                and allowance         Program             Revaluasi      Nilai Arus
                                          Penuh/     Tambahan       Dana         for impairment      Imbalan Pasti        Aset Tetap/        Kas/
                                           Issued      Modal       Setoran           losses on          - Neto/           Revaluation     Effective           Telah
                                         and Fully    disetor/     Modal/              FVTOCI       Remeasureme           Surplus of      Portion of       Ditentukan
                                            Paid     Additional    Deposit       Securities and     nt of Defined          Premises          Cash         Penggunaan          Belum Ditentukan
                             Catatan/     Capital     Paid-in      capital         Government       Benefit Plan -            and            Flow              nya/           Penggunaannya/        Ekuitas/
                              Notes         Stock     Capital       fund           Bonds - Net           Net              Equipment        Hedges         Appropriated         Unappropriated        Equity

Saldo per 31 Desember 2022               5.295.000    2.054.454    2.756.575         (1.193.252)         (409.657)          3.508.565       (49.301)         10.745.157             3.201.813      25.909.354      Balance as of December 31, 2022

Total Laba (Rugi)
    komprehensif tahun        2h,8                                                                                                                                                                                             Total comprehensive
    berjalan                 9,12,41             -            -              -          424.251          (150.682)             57.208        16.955                   -             3.500.988       3.848.720             income (loss) for the year
Penerbitan saham                         1.722.222    2.364.446              -                  -                -                  -              -                  -                       -     4.086.668                       Shares issuance

Dana setoran modal              30d              -            -   (2.756.575)                   -                -                  -              -                  -                       -    (2.756.575)                   Capital deposit fund

Dividen                         30c              -            -              -                  -                -                  -              -                  -               (609.015)     (609.015)                               Dividend

Pembentukan cadangan
  umum dan cadangan                                                          -                                                                                                                                              Appropriation for general
  tujuan                        30c              -            -                                 -                -                  -              -          2.436.057              (2.436.057)               -             and special reserves
Saldo per 31 Desember 2023               7.017.222    4.418.900              -         (769.001)         (560.339)          3.565.773       (32.346)         13.181.214               3.657.729    30.479.152      Balance as of December 31, 2023




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

                                                                                                                     11
Page 463
                                                                                                                                                                                                                     The original financial statements included herein are in the Indonesian language.

                                         PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                                                               PT BANK TABUNGAN NEGARA (PERSERO) TBK
                                            LAPORAN PERUBAHAN EKUITAS (lanjutan)                                                                                                            STATEMENT OF CHANGES IN EQUITY (continued)
                                    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)



                                                                                                                              Keuntungan
                                                                                                                               (Kerugian)
                                                                                                                              yang Belum
                                                                                                                               Direalisasi
                                                                                                                            dan Cadangan
                                                                                                                                 kerugian
                                                                                                                               penurunan
                                                                                                                             nilai atas Efek
                                                                                                                                 efek dan
                                                                                                                                 Obligasi
                                                                                                                              Pemerintah
                                                                                                                              yang Diukur
                                                                                                                                pada nilai
                                                                                                                             wajar melalui
                                                                                                                              penghasilan
                                                                                                                             komprehensif                                                                                     Saldo Laba/ Retained Earnings*)
                                                         Modal                                                                  lain-Neto/                                                            Bagian
                                                      Ditempat                                                                 Unrealized           Pengukuran                                        Efektif
                                                       kan dan                                                                Gain (Loss)            Kembali                   Surplus               Lindung
                                                       Disetor                                                              and allowance            Program                  Revaluasi             Nilai Arus
                                                       Penuh/               Tambahan                   Dana                 for impairment         Imbalan Pasti             Aset Tetap/               Kas/
                                                        Issued                Modal                   Setoran                   losses on             - Neto/                Revaluation            Effective                 Telah
                                                      and Fully              disetor/                 Modal/                     FVTOCI           Remeasureme                Surplus of             Portion of             Ditentukan
                                                         Paid               Additional                Deposit               Securities and        nt of Defined               Premises                 Cash               Penggunaan                 Belum Ditentukan
                                Catatan/               Capital               Paid-in                  capital                 Government          Benefit Plan -                 and                   Flow                    nya/                  Penggunaannya/                  Ekuitas/
                                 Notes                   Stock               Capital                   fund                   Bonds - Net              Net                   Equipment               Hedges               Appropriated                Unappropriated                  Equity

Saldo per 31 Desember 2023                            7.017.222              4.418.900                           -                   (769.001)         (560.339)               3.565.773               (32.346)               13.181.214                      3.657.729            30.479.152        Balance as of December 31, 2023

Total Laba (Rugi)
    komprehensif tahun           2h,8                                                                                                                                                                                                                                                                            Total comprehensive
    berjalan                    9,12,41                          -                      -                        -                   (338.981)          136.324                          -             (11.736)                           -                   3.007.328              2.792.935              income (loss) for the year
Penerbitan saham                                                 -                      -                        -                            -                -                         -                      -                         -                             -                       -                     Shares issuance

Dana setoran modal                  30d                          -                      -                        -                            -                -                         -                      -                         -                             -                       -                  Capital deposit fund

Dividen                             30c                          -                      -                        -                            -                -                         -                      -                         -                     (700.198)            (700.198)                                Dividend

Pembentukan cadangan
  umum dan cadangan                                                                                                                                                                                                                                                                                           Appropriation for general
  tujuan                            30c                          -                      -                                                     -                -                         -                      -              2.800.790                      (2.800.790)                       -              and special reserves
Saldo per 31 Desember 2024                            7.017.222              4.418.900                           -                  (1.107.982)        (424.015)               3.565.773               (44.082)               15.982.004                       3.164.069           32.571.889        Balance as of December 31, 2024

                   *)    Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007.                                       *)      Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.




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

                                                                                                                                                                   12
Page 464
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) TBK
                 LAPORAN ARUS KAS                                             STATEMENT OF CASH FLOWS
        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/
                                       Notes     2024                2023              2022
ARUS KAS DARI AKTIVITAS                                                                                            CASH FLOWS FROM
   OPERASI                                                                                                      OPERATING ACTIVITIES
Penerimaan bunga, bagi hasil,
    dan marjin                                    29.689.639         27.618.186          24.331.326     Interest, profit sharing, and margin
Pembayaran bunga dan bonus,                                                                                   Interest and bonus, fees and
   provisi dan komisi                            (17.973.763)        (14.892.249)        (10.775.222)                   commissions paid
Penerimaan kredit yang telah                                                                                           Recoveries from loan
   dihapusbukukan                                  1.421.221          1.011.258             503.307                       debts written-off
Pembayaran pajak penghasilan
   badan                                            (912.208)         (1.020.952)         (1.001.324)          Corporate income tax paid
Penerimaan dari surat ketetapan                                                                                          Recoveries from
   pajak                                   39               -                  -             402.428              tax assessment letter
Pendapatan operasional lainnya                      3.213.023          2.938.412           1.737.599              Other operating income
Beban operasional lainnya                         (9.585.564)        (8.729.240)         (8.633.782)             Other operating expense
(Beban) pendapatan bukan                                                                                              Other non-operating
   operasional lainnya - neto                        (63.538)            (54.382)             13.828           (expenses) income - net

Penerimaan kas sebelum perubahan                                                                         Cash receipts before changes in
  aset dan liabilitas operasi                      5.788.810          6.871.033           6.578.160      operating assets and liabilities

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

Penurunan (kenaikan) dalam                                                                               Decrease (increase) in operating
  aset operasi:                                                                                                                  assets:
  Efek-efek yang diukur pada nilai wajar                                                                Fair value through profit or loss
     Melalui laba rugi                           (18.286.677)          (246.380)          (104.885)                        securities
  Obligasi pemerintah yang diukur pada                                                                  Fair value through profit or loss
     nilai wajar melalui laba rugi                    490.445        15.788.979           (4.955.939)             government bonds
  Tagihan akseptasi                                 (397.331)          (124.005)              33.578             Acceptance receivable
  Tagihan derivatif                                  (70.666)                 -                    -              Derivative receivable
  Kredit yang diberikan dan pembiayaan/                                                                     Loans and sharia financing/
     piutang syariah                             (27.739.554)        (38.484.306)        (26.318.471)                    receivables
  Aset lain-lain                                    (136.021)           (785.307)           (196.503)                      Other assets

Kenaikan (penurunan) dalam                                                                               Increase (decrease) in operating
  Liabilitas operasi:                                                                                                        liabilities:
  Liabilitas segera                                 (441.930)            74.415            (466.852)        Liabilites due immediately
  Simpanan dari nasabah                                                                                       Deposits from customer
  Giro                                            11.653.971         24.468.372           31.538.044                  Demand deposits
  Giro Wadiah                                      5.443.299          4.814.656            3.268.857        Wadiah demand deposits
  Tabungan                                           (22.012)         1.539.832          (10.617.072)                 Savings deposits
  Tabungan Wadiah                                    245.340             82.875               43.479        Savings deposits Wadiah
  Deposito berjangka                              12.615.733         (5.504.388)            (322.562)                    Time deposits
  Simpanan dari bank lain                            (21.277)           (45.095)              70.400       Deposits from other banks
  Liabilitas akseptasi                               397.331            124.005              (33.578)           Acceptance payables
  Liabilitas lain-lain                             (416.997)         (4.184.154)             654.214                    Other liabilities
  Dana syirkah temporer                            2.141.920          2.243.821            2.094.203         Temporary syirkah funds

Kas Neto (Digunakan Untuk)/Diperoleh                                                                        Net Cash (Used in)/Provided
  dari Aktivitas Operasi                          (8.755.616)         6.634.353           1.265.073          by Operating Activities




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


                                                                13
Page 465
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) TBK
            LAPORAN ARUS KAS (lanjutan)                                 STATEMENT OF CASH FLOWS (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/
                                      Notes     2024                 2023               2022
ARUS KAS DARI AKTIVITAS                                                                                           CASH FLOWS FROM
   INVESTASI                                                                                                 INVESTING ACTIVITIES
(Pembelian) penerimaan saat jatuh tempo
   dari efek-efek                                                                                     (Purchase) receipt from matured
   biaya perolehan diamortisasi                  (2.878.561)          (2.868.515)            199.964          amortized cost securities
                                                                                                              Acquisitions of premises and
Perolehan aset tetap                     14      (1.634.521)          (2.313.490)         (1.042.464)                            equipment
(Pembelian) penerimaan efek-efek                                                                            (Purchase) receipt in fair value
   diukur pada nilai wajar melalui                                                                       through other comprehensive
   penghasilan komprehensif lain                    (31.199)          (1.247.159)            381.580                 income securities
(Pembelian) Penerimaan obligasi
   pemerintah diukur pada nilai                                                                            (Purchase)Receipt in fair value
   wajar melalui penghasilan                                                                            through other comprehensive
   komprehensif lain                             (1.163.910)          2.211.325            5.714.402       income government bonds
Penerimaan (pembelian) obligasi pemerintah                                                           Receipt (purchase) of amortized cost
   pada biaya perolehan diamortisasi                562.232           (1.655.566)         (7.816.426)               government bonds
Penempatan efek-efek yang dibeli                                                                       Placement of securities purchased
   dengan janji dijual kembali                  (20.867.689)         (43.597.267)       (165.520.488)        under agreement to resell
Penerimaan efek-efek yang dibeli                                                                          Receipt of securities purchased
   dengan janji dijual kembali                   20.704.263          45.031.457          165.683.898         under agreement to resell
Penjualan aset tetap                                  3.045                   -                    -    Sales of premises and equipment

Kas Neto digunakan untuk                                                                                                Net Cash used in
  Aktivitas Investasi                             (5.306.340)         (4.439.215)         (2.399.534)             Investing Activities

ARUS KAS DARI AKTIVITAS                                                                                           CASH FLOWS FROM
  PENDANAAN                                                                                                  FINANCING ACTIVITIES
Penerimaan atas surat                                                                                             Proceeds of securities
  berharga yang diterbitkan                         680.913           2.449.019            1.541.330                         issued
Pembayaran atas
  surat-surat berharga yang                                                                                           Payment of matured
  diterbitkan jatuh tempo                         (3.572.500)         (2.769.764)         (5.263.000)                 securities issued
Pembayaran atas
  Pinjaman subordinasi yang                                                                                           Payment of matured
  jatuh tempo                                     (3.000.000)                  -                    -          subordinated borrowing
Penerimaan atas                                                                                                              Proceeds from
  efek-efek yang dijual dengan                                                                                    securities sold under
  janji dibeli kembali                          143.153.604          67.691.353              592.326           repurchase agreements
Pembayaran atas jatuh tempo                                                                                          Payments of matured
  efek-efek yang dijual dengan                                                                                    securities sold under
  janji dibeli kembali                          (139.744.766)        (67.691.353)           (592.326)          repurchase agreements
Pembayaran dividen                        30c       (700.198)           (609.015)           (237.624)               Payments of dividends
Penerimaan dari pinjaman                                                                                                     Proceeds from
  yang diterima                                  11.144.193          11.185.162          11.814.826                   fund borrowings
Pembayaran dari pinjaman                                                                                                        Payment of
  yang diterima                                  (11.385.262)         (2.187.576)         (9.095.884)                 fund borrowings
Pembayaran liabilitas sewa                29         (93.408)            (81.973)            (84.983)           Payment of lease liabilities
Dana setoran modal                                         -           1.330.093           2.756.575                       Shares issuance

Kas Neto (Digunakan untuk)/Diperoleh                                                                        Net Cash (Used in)/Provided
  dari Aktivitas Pendanaan                       (3.517.424)          9.315.946            1.431.240         by Financing Activities

(PENURUNAN)/KENAIKAN NETO                                                                                NET (DECREASE)/INCREASE
  KAS DAN SETARA KAS                            (17.579.380)         11.511.084              296.779 CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                      CASH AND CASH EQUIVALENTS
  AWAL TAHUN                                     53.037.770          41.526.686          41.229.907        AT BEGINNING OF YEAR


KAS DAN SETARA KAS                                                                                      CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                    35.458.390          53.037.770          41.526.686              AT END OF YEAR




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



                                                                14
Page 466
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) TBK
            LAPORAN ARUS KAS (lanjutan)                                   STATEMENT OF CASH FLOWS (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/
                                        Notes     2024               2023               2022
Rincian kas dan setara                                                                                      The details of cash and cash
   kas akhir tahun adalah                                                                                  equivalents at end of year
   sebagai berikut:                                                                                                   are as follows:
   Kas                                   2a,4       2.105.620         2.127.489           1.661.533                             Cash
                                                                                                               Current accounts with
  Giro pada Bank Indonesia               2f,5      22.739.920        18.145.761          25.416.941                  Bank Indonesia
  Giro pada bank lain                    2f,6       5.951.746         2.203.398           1.472.257 Current accounts with other banks
  Penempatan pada Bank                                                                              Placements with Bank Indonesia
     Indonesia dan bank                                                                                          and other banks -
     lain - jangka waktu jatuh tempo                                                                          maturing within three
     tiga bulan atau kurang                                                                                   months or less since
     sejak tanggal perolehan             2g,7       4.661.104        30.561.122          12.975.955            the acquisition date

Total                                              35.458.390        53.037.770          41.526.686                               Total




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



                                                                15
Page 467
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


1.   UMUM                                                      1.   GENERAL

     a.   Pendirian Bank                                            a.   Bank’s establishment

          PT Bank Tabungan Negara (Persero) Tbk                          PT Bank Tabungan Negara (Persero) Tbk
          (“Bank”) didirikan sebagai bank milik negara,                  (“the Bank”) was originally established as
          semula dengan nama “Bank Tabungan Pos”                         a state-owned bank under the name “Bank
          berdasarkan Undang-undang Darurat No. 9                        Tabungan Pos” based on Martial Law No. 9 of
          Tahun 1950 tanggal 9 Februari 1950.                            1950 dated February 9, 1950. Subsequently,
          Selanjutnya,       berdasarkan      Peraturan                  the name of the Bank was changed to “Bank
          Pemerintah Pengganti Undang-undang No. 4                       Tabungan Negara” based on Government
          tahun 1963, nama Bank Tabungan Pos                             Regulation Amendment of Law No. 4 of 1963.
          diubah menjadi “Bank Tabungan Negara”.                         The Bank started operating as a state-owned
          Pada tanggal 29 April 1989, Bank mulai                         commercial bank on April 29, 1989.
          beroperasi sebagai bank umum milik negara.

          Berdasarkan Peraturan Pemerintah No. 24                        Based on Government Regulation No. 24 of
          Tahun 1992, status Bank diubah menjadi                         1992, the status of the Bank was changed to a
          perseroan terbatas milik negara (Persero).                     state-owned limited liability corporation
          Akta pendirian Bank sebagai Persero dibuat                     (Persero). The Bank’s deed of establishment
          dihadapan Notaris Muhani Salim, S.H.,                          as a limited liability corporation was
          No. 136 tanggal 31 Juli 1992 dan telah                         documented under deed No. 136 dated
          disahkan oleh Menteri Kehakiman dengan                         July 31, 1992 of Notary Muhani Salim, S.H.,
          Surat Keputusan No. C2-6587.HT.01.01.                          and was approved by the Ministry of Justice in
          TH.92 tanggal 12 Agustus 1992, serta                           its Decision Letter No. C2-6587.HT.01.01.
          diumumkan dalam Berita Negara No. 73                           TH.92 dated August 12, 1992 and was
          tanggal 11 September 1992 Tambahan                             published in Supplement No. 6A of State
          No. 6A.                                                        Gazette No. 73 dated September 11, 1992.

          Berdasarkan surat keputusan Direksi Bank                       Based      on      the       Decision     Letter
          Indonesia No. 27/55/KEP/DIR tanggal                            No. 27/55/KEP/DIR dated September 23, 1994
          23 September 1994, Bank memperoleh status                      of the Directors of Bank Indonesia, the Bank
          sebagai bank devisa.                                           obtained the status of a foreign exchange bank.

          Bank telah mendapatkan persetujuan dari                        The Bank has obtained approval from Bank
          Bank Indonesia untuk melakukan kegiatan                        Indonesia to conduct commercial banking
          umum perbankan berdasarkan prinsip syariah                     activities based on sharia principles through
          melalui surat No. 6/1350/DPbS tanggal                          letter No. 6/1350/DPbS dated December 15,
          15 Desember 2004.                                              2004.

          Bank    mulai     melakukan     kegiatannya                    The Bank started its activities based on sharia
          berdasarkan prinsip syariah pada tanggal                       principles on February 14, 2005 with the
          14 Februari 2005 dengan mulai beroperasinya                    operation of its first sharia branch in Jakarta -
          cabang syariah pertama di Jakarta - Harmoni.                   Harmoni.

          Pernyataan   keputusan      Rapat    Umum                      The decision of the Extraordinary General
          Pemegang Saham Luar Biasa yang                                 Stockholders’ Meeting to amend all of the
          menyetujui perubahan seluruh Anggaran                          Bank’s Articles of Association to become a
          Dasar PT Bank Tabungan Negara (Persero)                        public company was notarized under notarial
          menjadi Perseroan Terbuka telah diaktakan                      deed No. 7 dated October 12, 2009 of Fathiah
          dengan akta notaris No. 7 tanggal                              Helmi, S.H., The amendment was approved by
          12 Oktober 2009 dari notaris Fathiah Helmi,                    the Ministry of Laws and Human Rights in its
          S.H., Perubahan anggaran dasar tersebut                        letter No. AHU-49309.AH-01.02. of 2009.
          mendapat persetujuan dari Menteri Hukum
          dan Hak Asasi Manusia Republik Indonesia
          melalui surat No. AHU-49309.AH.01.02.
          Tahun 2009.




                                                          16
Page 468
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


1.   UMUM (lanjutan)                                          1.   GENERAL (continued)
     a.   Pendirian Bank (lanjutan)                                a.    Bank’s establishment (continued)

          Anggaran Dasar Bank telah mengalami                           The Articles of Association of the Bank has
          beberapa kali perubahan. Penyesuaian                          been amended several times. The amendment
          terakhir dinyatakan dalam Akta No. 8 tanggal                  was covered by Notarial Deed No. 8 dated
          6 Maret 2024 yang dibuat dihadapan Ashoya                     March 6, 2024 of Ashoya Ratam, S.H., MKn., a
          Ratam, S.H., MKn., notaris di Jakarta,                        notary in Jakarta, as approved in the Annual
          berdasarkan keputusan Rapat Umum                              General Shareholders’ Meeting on March 6,
          Pemegang Saham Tahunan tanggal 6 Maret                        2024 and approved by the Ministry of Laws and
          2024 dan telah mendapat persetujuan dari                      Human Rights of the Republic of Indonesia, in
          Menteri Hukum dan Hak Asasi Manusia                           its Decision Letter No. AHU-0022194.AH.01.02
          Republik Indonesia, dengan Surat Keputusan                    dated April 5, 2024.
          No.AHU-0022194.AH.01.02 tanggal 5 April
          2024.

          Berdasarkan 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 conduct commercial banking activities in
          sesuai dengan undang-undang dan peraturan                      accordance with the prevailing laws and
          yang berlaku, termasuk melakukan kegiatan                      regulations, including the Bank’s activities
          Bank berdasarkan prinsip syariah.                              based on sharia principles.

          Bank berdomisili di Jakarta dan kantor pusat                  The Bank is domiciled in Jakarta and its head
          Bank berlokasi di Jalan Gajah Mada No. 1,                     office is located at Jalan Gajah Mada No. 1,
          Jakarta Pusat.                                                Central Jakarta.

          Pada tanggal 31 Desember 2024, Bank                           As of December 31, 2024, the Bank has 117
          memiliki 117 kantor cabang (termasuk 35                       branch offices (including 35 sharia branch
          kantor cabang syariah), 611 kantor cabang                     offices), 611 sub-branch offices (including
          pembantu (termasuk 75 kantor cabang                           75 sharia sub-branch offices) (unaudited).
          pembantu syariah) (tidak diaudit).

          Pada tanggal 31 Desember 2023, Bank                           As of December 31, 2023, the Bank has 115
          memiliki 115 kantor cabang (termasuk 34                       branch offices (including 34 sharia branch
          kantor cabang syariah), 616 kantor cabang                     offices), 616 sub-branch offices (including
          pembantu (termasuk 75 kantor cabang                           75 sharia sub-branch offices)(unaudited).
          pembantu syariah) (tidak diaudit).


          Pada tanggal 31 Desember 2022, Bank                           As of December 31, 2022, the Bank has 110
          memiliki 110 kantor cabang (termasuk 30                       branch offices (including 30 sharia branch
          kantor cabang syariah), 606 kantor cabang                     offices), 606 sub-branch offices (including
          pembantu (termasuk 69 kantor cabang                           69 sharia sub-branch offices), and 5 sharia cash
          pembantu syariah), dan 5 kantor kas syariah                   offices (unaudited).
          (tidak diaudit).




                                                         17
Page 469
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


1.   UMUM (lanjutan)                                            1.   GENERAL (continued)

     b.   Rekapitalisasi                                             b.    Recapitalization

          Pada tanggal 28 Mei 1999, Pemerintah                             On May 28, 1999, the Government issued
          mengeluarkan Peraturan Pemerintah No. 52                         Government Regulation No. 52 of 1999
          Tahun 1999 tentang penambahan penyertaan                         regarding the increase in the Government’s
          Pemerintah pada Bank dalam rangka                                capital participation in the Bank within the
          Program Rekapitalikassasi yang dijalankan                        framework         of    the       Government’s
          oleh Pemerintah dengan nilai setinggi-                           Recapitalization Program for a maximum
          tingginya sebesar Rp11.200.000. Pada                             amount of Rp11,200,000. On August 21, 2000,
          tanggal 21 Agustus 2000, Pemerintah                              the     Government      issued     Government
          mengeluarkan Peraturan Pemerintah No. 68                         Regulation No. 68 of 2000 regarding the
          Tahun 2000 tentang penambahan modal                              increase in the Government’s capital
          Pemerintah pada Bank dalam rangka                                participation in the Bank within the framework
          Program Rekapitalisasi yang dijalankan oleh                      of the Government’s Recapitalization Program
          Pemerintah dengan nilai setinggi-tingginya                       for a maximum amount of Rp2,805,000 so that
          sebesar Rp2.805.000, sehingga tambahan                           the additional Government capital participation
          penyertaan Pemerintah keseluruhan menjadi                        would become Rp14,005,000. The increase in
          sebesar Rp14.005.000. Penambahan modal                           the Government participation was settled
          tersebut dilakukan melalui penerbitan obligasi                   through the issuance to the Bank of the
          rekapitalisasi Pemerintah untuk Bank sebesar                     government’s recapitalization bonds amounting
          Rp9.803.500 dan Rp4.201.500 masing-                              to Rp9,803,500 and Rp4,201,500 on July 25,
          masing pada tanggal 25 Juli 2000 dan                             2000 and October 31, 2000, respectively.
          31 Oktober 2000.
          Pada tanggal 28 Februari 2001, Direksi Bank                      On February 28, 2001, the Bank’s Directors and
          dan Menteri Keuangan menandatangani                              the Ministry of Finance entered into a
          Kontrak Manajemen yang berisikan antara                          Management Contract which includes, among
          lain bahwa jumlah kebutuhan rekapitalisasi                       others, the total final recapitalization
          akhir Bank adalah sebesar Rp13.843.540 dan                       requirement of the Bank of Rp13,843,540 and
          kelebihan obligasi rekapitalisasi sebesar                        the excess recapitalization bonds of Rp161,460
          Rp161.460 harus dikembalikan kepada                              which should be returned to the Government.
          Pemerintah. Pada tanggal 5 November 2001,                        On November 5, 2001, the Bank returned such
          kelebihan obligasi rekapitalisasi tersebut                       excess recapitalization bonds to the
          dikembalikan kepada Pemerintah.                                  government.
          Sebagai tindak lanjut dari Kontrak Manajemen                     As a result of the Management Contract, the
          tersebut, Menteri       Keuangan Republik                        Ministry of Finance issued Regulation
          Indonesia mengeluarkan Peraturan Menteri                         No. 40/PMK.06/2008 dated February 29, 2008
          Keuangan No. 40/PMK.06/2008 tanggal                              regarding the determination of the final amount
          29 Februari 2008 tentang penetapan nilai                         of the Government’s required capital
          akhir kebutuhan rekapitalisasi Bank sebesar                      contribution to the Bank amounting to
          Rp13.843.540 dan pelaksanaan hak-hak                             Rp13,843,540 and implementation of the
          pemerintah yang timbul sebagai akibat                            Government’s rights as a result of the additional
          penambahan penyertaan modal negara                               contributed capital by the Republic of Indonesia
          Republik Indonesia ke dalam modal PT Bank                        to the capital of PT Bank Tabungan Negara
          Tabungan Negara (Persero) dalam rangka                           (Persero), as a limited liability company, in
          program rekapitalisasi bank umum dengan                          relation    to     the     commercial     banks’
          mengkonversi menjadi 13.843.540 lembar                           recapitalization program through conversion of
          saham yang diterbitkan oleh Bank dengan                          additional capital to 13,843,540 shares of stock,
          nominal Rp1.000.000 (Rupiah penuh) per                           which were issued by the Bank with a par value
          lembar. Peraturan ini berdaya laku surut sejak                   of Rp1,000,000 (full Rupiah) per share. This
          tanggal 31 Mei 2007.                                             regulation was applied retroactively since
                                                                           May 31, 2007.




                                                           18
Page 470
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


1.   UMUM (lanjutan)                                                                   1.    GENERAL (continued)
     c.     Penerbitan Surat Berharga Bank                                                  c.      Issuance of Bank Securities
            Bank telah menerbitkan obligasi sebanyak                                                The Bank issued 25 (twenty-five) series of
            25 (dua puluh lima) kali penerbitan, 1 (satu)                                           bonds, 1 (one) series of subordinated bond, 1
            kali penerbitan instrumen obligasi subordinasi,                                         (one) series of global, 7 (seven) series of long
            1 (satu) kali penerbitan global bond, 7 (tujuh)                                         term notes, 2 (two) sukuk mudharabah from
            kali penerbitan surat hutang jangka panjang, 2                                          July 25, 1989 to December 31, 2024, with the
            (dua) kali penerbitan sukuk mudharabah sejak                                            details as follows:
            tanggal 25 Juli 1989 sampai dengan tanggal
            31 Desember 2024 dengan rincian sebagai
            berikut:
              Nama Obligasi/           Jumlah Nominal/              Jangka Waktu/             Jatuh Tempo/                            Tingkat Bunga/
              Name of Bonds            Nominal Amount                   Term                  Maturity Date                              Interest

          Rupiah
          Obligasi BTN I/                              50.000         5 tahun/years                           25 Juli/                                    18,75% tetap/
          BTN Bonds I                                                                                  July 25, 1994*)                                           fixed

          Obligasi BTN II/                             50.000          5 tahun/years                           1 Juni/                                   16,25% tetap/
          BTN Bonds II                                                                                  June 1,1995*)                                            fixed

          Obligasi BTN III/                            50.000          5 tahun/years                  11 November/                                       20,00% tetap/
          BTN Bonds III                                                                          November 11, 1996*)                                             fixed

          Obligasi BTN IV/                            100.000          5 tahun/years                      23 Januari/                                    17,00% tetap/
          BTN Bonds IV                                                                             January 23, 1996*)                                            fixed

          Obligasi BTN V/                             150.000          5 tahun/years                          31 Juli/             15,25% tetap untuk tahun pertama
          BTN Bonds V                                                                                  July 31,1998*)                 dan kedua, mengambang untuk
                                                                                                                                 tahun berikutnya hingga jatuh tempo/
                                                                                                                                     15.25% fixed for first and second
                                                                                                                                         years, in for remaining years
                                                                                                                                                          until maturity

          Obligasi BTN VI/                            350.000          5 tahun/years                  21 Desember/                 17,25% tetap untuk tahun pertama,
          BTN Bonds VI                                                                           December 21, 2000*)                        mengambang untuk tahun
                                                                                                                                       berikutnya hingga jatuh tempo/
                                                                                                                                    17.25% fixed for first year, floating
                                                                                                                                     for remaining years until maturity

          Obligasi BTN VII/                           200.000          5 tahun/years                           22 Juli/                    17,125% tetap untuk tahun
          BTN Bonds VII                                                                                July 22, 2001*)                   pertama, mengambang untuk
                                                                                                                                 tahun berikutnya hingga jatuh tempo/
                                                                                                                                   17.125% fixed for first year, floating
                                                                                                                                     for remaining years until maturity

          Obligasi BTN VIII/                          400.000          5 tahun/years                           18 Juli/                                  14,15% tetap/
          BTN Bonds VIII                                                                               July 18, 2002*)                                           fixed

          Obligasi BTN IX/                            750.000          5 tahun/years                      2 Oktober/                                     12,50% tetap/
          BTN Bonds IX                                                                              October 2, 2008*)                                            fixed

          Obligasi BTN X/                             750.000          5 tahun/years                          25 Mei/                                    12,20% tetap/
          BTN Bonds X                                                                                  May 25, 2009*)                                            fixed

          Obligasi BTN XI/                            750.000          5 tahun/years                             6 Juli/                                 12,00% tetap/
          BTN Bonds XI                                                                                  July 6, 2010*)                                           fixed

          Obligasi BTN XII/                         1.000.000         10 tahun/years                   19 September/                                     12,75% tetap/
          BTN Bonds XII                                                                          September 19, 2016*)                                            fixed

          Obligasi BTN XIII A/                        300.000          3 tahun/years                          29 Mei/                                    11,75% tetap/
          BTN Bonds XIII A                                                                             May 29, 2012*)                                            fixed

          Obligasi BTN XIII B/                        300.000          4 tahun/years                          29 Mei/                                    12,00% tetap/
          BTN Bonds XIII B                                                                             May 29, 2013*)                                            fixed

          Obligasi BTN XIII C/                        900.000          5 tahun/years                          29 Mei/                                    12,25% tetap/
          BTN Bonds XIII C                                                                             May 29, 2014*)                                            fixed

          Obligasi BTN XIV/                         1.650.000         10 tahun/years                         11 Juni/                                    10,25% tetap/
          BTN Bonds XIV                                                                               June 11, 2020*)                                            fixed

          Obligasi BTN XV/                          1.300.000         10 tahun/years                         28 Juni/                                      9,50% tetap/
          BTN Bonds XV                                                                                June 28, 2021*)                                             fixed


           *) Bank telah melakukan pelunasan obligasi yang diterbitkan pada                         *) The Bank has made the repayment of bonds issued on maturity date.
              tanggal jatuh temponya.




                                                                              19
Page 471
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


1.   UMUM (lanjutan)                                                                    1.   GENERAL (continued)

     c.     Penerbitan Surat Berharga Bank (lanjutan)                                        c.    Issuance of Bank Securities (continued)
            Bank telah menerbitkan obligasi sebanyak                                               The Bank issued 25 (twenty-five) series of
            25 (dua puluh lima) kali penerbitan, 1 (satu)                                          bonds, 1 (one) series of subordinated bond, 1
            kali penerbitan instrumen obligasi subordinasi,                                        (one) series of global, 7 (seven) series of long
            1 (satu) kali penerbitan global bond, 7 (tujuh)                                        term notes, 2 (two) sukuk mudharabah from
            kali penerbitan surat hutang jangka panjang, 2                                         July 25, 1989 to December 31, 2024, with the
            (dua) kali penerbitan sukuk mudharabah sejak                                           details as follows: (continued)
            tanggal 25 Juli 1989 sampai dengan tanggal
            31 Desember 2024 dengan rincian sebagai
            berikut: (lanjutan)
          Nama Obligasi/                Jumlah Nominal/              Jangka Waktu/             Jatuh Tempo/                         Tingkat Bunga/
            Name of Bonds               Nominal Amount                   Term                  Maturity Date                           Interest

          Rupiah
          Obligasi Berkelanjutan I                   2.000.000         10 tahun/years                         5 Juni/                                  7,90% tetap/
               Tahap I BTN/                                                                           June 5, 2022*)                                          fixed
          Continuing Bonds I
               Phase I BTN

          Obligasi Berkelanjutan I                   2.000.000         10 tahun/years                     27 Maret/                                    7,90% tetap/
              Tahap II BTN/                                                                        March 27, 2023*)                                           fixed
          Continuing Bonds I
              Phase II BTN

          Obligasi Berkelanjutan II
              Tahap I BTN/
          Continuing Bonds II
              Phase I BTN
                   Seri A/A Series                     900.000          3 tahun/years                           8 Juli/                                9,63% tetap/
                                                                                                       July 8, 2018*)                                         fixed
                   Seri B/B Series                     500.000          5 tahun/years                           8 Juli/                                9,88% tetap/
                                                                                                       July 8, 2020*)                                         fixed
                   Seri C/C Series                     800.000          7 tahun/years                           8 Juli/                               10,00% tetap/
                                                                                                       July 8, 2022*)                                         fixed
                   Seri D/D Series                     800.000         10 tahun/years                           8 Juli/                               10,50% tetap/
                                                                                                        July 8, 2025                                          fixed

          Obligasi Berkelanjutan II
              Tahap II BTN/
          Continuing Bonds II
              Phase II BTN
                   Seri A/A Series                   1.347.000          3 tahun/years                   30 Agustus/                                    8,20% tetap/
                                                                                                   August 30, 2019*)                                          fixed
                   Seri B/B Series                   1.653.000          5 tahun/years                   30 Agustus/                                    8,75% tetap/
                                                                                                   August 30, 2021*)                                          fixed

          Obligasi Berkelanjutan III
              Tahap I BTN/
          Continuing Bonds III
              Phase I BTN
                   Seri A/A Series                   1.466.000          3 tahun/years                        13 Juli/                                  8,30% tetap/
                                                                                                     July 13, 2020*)                                          fixed
                   Seri B/B Series                   1.295.000          5 tahun/years                        13 Juli/                                   8,50% tetap
                                                                                                     July 13, 2022*)                                          fixed
                   Seri C/C Series                     853.000          7 tahun/years                        13 Juli/                                  8,70% tetap/
                                                                                                     July 13, 2024*)                                          fixed
                   Seri D/D Series                   1.386.000         10 tahun/years                        13 Juli/                                  8,90% tetap/
                                                                                                      July 13, 2027                                           fixed

          Obligasi Berkelanjutan III
              Tahap II BTN/
          Continuing Bonds III
              Phase II BTN
                   Seri A/A Series                   1.756.500          1 tahun/year                            8 Juli/                                7,75% tetap/
                                                                                                       July 8, 2020*)                                         fixed
                   Seri B/B Series                   1.168.000          3 tahun/years                        28 Juni/                                   8,75% tetap
                                                                                                     June 28, 2022*)                                          fixed
                   Seri C/C Series                   1.219.500          5 tahun/years                        28 Juni/                                  9,00% tetap/
                                                                                                     June 28, 2024*)                                          fixed


            *) Bank telah melakukan pelunasan obligasi yang diterbitkan pada                      *) The Bank has made the repayment of bonds issued on maturity date.
                tanggal jatuh temponya.
            **) Bank telah melakukan opsi beli kembali pada 25 Mei 2009                           **) The Bank has exercised the call options on May 25, 2009




                                                                               20
Page 472
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


1.   UMUM (lanjutan)                                                                    1.   GENERAL (continued)

     c.     Penerbitan Surat Berharga Bank (lanjutan)                                        c.    Issuance of Bank Securities (continued)
            Bank telah menerbitkan obligasi sebanyak                                               The Bank issued 25 (twenty-five) series of
            25 (dua puluh lima) kali penerbitan, 1 (satu)                                          bonds, 1 (one) series of subordinated bond, 1
            kali penerbitan instrumen obligasi subordinasi,                                        (one) series of global, 7 (seven) series of long
            1 (satu) kali penerbitan global bond, 7 (tujuh)                                        term notes, 2 (two) sukuk mudharabah from
            kali penerbitan surat hutang jangka panjang, 2                                         July 25, 1989 to December 31, 2024, with the
            (dua) kali penerbitan sukuk mudharabah sejak                                           details as follows: (continued)
            tanggal 25 Juli 1989 sampai dengan tanggal
            31 Desember 2024 dengan rincian sebagai
            berikut: (lanjutan)
              Nama Obligasi/            Jumlah Nominal/              Jangka Waktu/             Jatuh Tempo/                       Tingkat Bunga/
              Name of Bonds             Nominal Amount                   Term                  Maturity Date                         Interest

          Rupiah
          Obligasi Berkelanjutan IV
              Tahap I BTN/
          Continuing Bonds IV
              Phase I BTN
                   Seri A/A Series                     577.000          1 tahun/year                     29 Agustus/                                       6,75% tetap/
                                                                                                    August 29, 2021*)                                             fixed
                   Seri B/B Series                     727.000          3 tahun/years                    19 Agustus/                                        7,80% tetap
                                                                                                    August 19, 2023*)                                             fixed
                   Seri C/C Series                     196.000          5 tahun/years                    19 Agustus/                                       8,40% tetap/
                                                                                                     August 19, 2025                                              fixed
          Obligasi Berkelanjutan IV
                Tahap II BTN/
          Continuing Bonds IV
                Phase II BTN
                    Seri A/A Series                    600.000          3 tahun/year                         24 Mei/                                       5,50% tetap/
                                                                                                       May 24, 2025                                                fixed
                   Seri B/B Series                     400.000          5 tahun/years                        24 Mei/                                       6,00% tetap/
                                                                                                       May 24, 2027                                                fixed
          Obligasi Subordinasi BTN I/                  250.000         10 tahun/years                        25 Mei/               12,60% tetap untuk tahun pertama
          Subordinated Bonds BTN I                                                                   May 25, 2014**)              sampai tahun kelima, 22,60% tetap
                                                                                                                                   untuk tahun keenam sampai tahun
                                                                                                                                kesepuluh jika Bank tidak melakukan
                                                                                                                                    opsi beli pada tahun kelima sejak
                                                                                                                                                    tanggal penerbitan/
                                                                                                                                   12.60% fixed for first year until fifth
                                                                                                                                     year, 22.60% fixed for sixth year
                                                                                                                                  until tenth year if the Bank does not
                                                                                                                             exercise its option to buyback on the fifth
                                                                                                                                          year since the issuance date
          Surat Hutang Jangka Panjang BTN               10.186         16 tahun/years                        17 Juni/                                      1,37% tetap/
               Tahap I 2021/                                                                           June 17, 2037                                               fixed
          Long Term Notes BTN
               Phase 1 2021
          Surat Hutang Jangka Panjang BTN               47.740         14 tahun/years                    12 Oktober/                                       1,37% tetap/
               Seri A 2022/                                                                         October 12, 2036                                              fixed
          Long Term Notes BTN
               Series A 2022
          Surat Hutang Jangka Panjang BTN               79.379         15 tahun/years                        12 April/                                     0,55% tetap/
               Seri B 2022/                                                                            April 12, 2037                                             fixed
          Long Term Notes BTN
               Series B 2022
          Surat Hutang Jangka Panjang BTN              210.866         15 tahun/years                        14 Juni/                                      0,55% tetap/
               Tahap I 2022.                                                                           June 14, 2037                                              fixed
          Long Term Notes BTN
               Phase I 2022
          Surat Hutang Jangka Panjang BTN              131.185         14 tahun/years                      28 Maret/                                       0,55% tetap/
               Tahap II 2022/                                                                         March 28, 2037                                              fixed
          Long Term Notes BTN
               Phase II 2022
          Surat Hutang Jangka Panjang BTN               35.898         14 tahun/years                        28 April/                                     0,55% tetap/
               Tahap I 2023/                                                                           April 28, 2037                                             fixed
          Long Term Notes BTN
               Phase I 2023
          Surat Hutang Jangka Panjang BTN              404.745         14 tahun/years                  15 September/                                       1,37% tetap/
               Tahap II 2023/                                                                     September 15, 2037                                              fixed
          Long Term Notes BTN
               Phase II 2023
          Surat Hutang Jangka Panjang BTN                6.242         15 tahun/years                 27 December/                                         0,55% tetap/
               Seri A 2023/                                                                       December 27, 2038                                               fixed
          Long Term Notes BTN Series A 2023

            *) Bank telah melakukan pelunasan obligasi yang diterbitkan pada                       *) The Bank has made the repayment of bonds issued on maturity date.
                tanggal jatuh temponya.
            **) Bank telah melakukan opsi beli kembali pada 25 Mei 2009                            **) The Bank has exercised the call options on May 25, 2009




                                                                               21
Page 473
                                                                                               The original financial statements included herein are in the
                                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                 unless otherwise stated)


1.   UMUM (lanjutan)                                                                      1.   GENERAL (continued)
     c.    Penerbitan Surat Berharga Bank (lanjutan)                                           c.    Issuance of Bank Securities (continued)
           Bank telah menerbitkan obligasi sebanyak                                                  The Bank issued 25 (twenty-five) series of
           25 (dua puluh lima) kali penerbitan, 1 (satu)                                             bonds, 1 (one) series of subordinated bond, 1
           kali penerbitan instrumen obligasi subordinasi,                                           (one) series of global, 7 (seven) series of long
           1 (satu) kali penerbitan global bond, 7 (tujuh)                                           term notes, 2 (two) sukuk mudharabah from
           kali penerbitan surat hutang jangka panjang, 2                                            July 25, 1989 to December 31, 2024, with the
           (dua) kali penerbitan sukuk mudharabah sejak                                              details as follows: (continued)
           tanggal 25 Juli 1989 sampai dengan tanggal
           31 Desember 2024 dengan rincian sebagai
           berikut: (lanjutan)
             Nama Obligasi/             Jumlah Nominal/               Jangka Waktu/              Jatuh Tempo/                         Tingkat Bunga/
             Name of Bonds              Nominal Amount                    Term                   Maturity Date                           Interest

          Rupiah
          Surat Hutang Jangka Panjang BTN               234.542         14 tahun/years                  27 December/                                          1,37% tetap/
               Seri B 2023/                                                                         December 27, 2037                                                fixed
          Long Term Notes BTN
               Series B 2023
          Surat Hutang Jangka Panjang BTN               203.351         14 tahun/years                     7 Agustus/                                         1,37% tetap/
               Tahun 2024/                                                                              August 7, 2038                                               fixed
          Long Term Notes BTN
               2024
          Surat Hutang Jangka Panjang BTN               312.678         14 tahun/years                  27 Desember/                                          1,37% tetap/
               Tahap V 2024/                                                                        December 27, 2038                                                fixed
          Long Term Notes BTN
               Phase V 2024
          Surat Hutang Jangka Panjang BTN               147.909         14 tahun/years                  23 Desember/                                          1,37% tetap/
               Tahap VI 2024/                                                                       December 23, 2038                                                fixed
          Long Term Notes BTN
               Phase VI 2024


          Sukuk BTN I Tahun 2023                         92.553        15,5 tahun/years                    28 Oktober/                                          11,00%***
              Tahap I/                                                                                October 28, 2036
          Sukuk BTN Phase I 2023
          Sukuk BTN I Tahun 2023                        175.039         13 tahun/years                  27 Desember/                                            27,40%****
              Tahap II/                                                                             December 27, 2036
          Sukuk BTN Phase II 2023
          Sukuk BTN I Tahun 2024                         80.956         13 tahun/years                  27 Desember/                                            27,40%****
              Tahap III/                                                                            December 27, 2037
          Sukuk BTN Phase III 2024
          Sukuk BTN I Tahun 2024                         52.444         13 tahun/years                   23 September/                                          27,40%****
              Tahap IV/                                                                             September 23, 2038
          Sukuk BTN Phase IV 2024

          Dolar Amerika Serikat/United States Dollar
          BBTN September or Global Bond 2020/     300.000.000            5 tahun/years                     23 Januari/                                        4,20% tetap/
          BBTN September or Global Bond 2020                                                          January 23, 2025                                               fixed
           ***) 11% dari pendapatan yang dibagi hasilkan dengan indikasi bagi                        ***) 11% of the income generated with the indication of profit sharing of
               hasil sebesar 0,55% per tahun.                                                              0.55% per year
           ****) 27,40% dari pendapatan yang dibagi hasilkan dengan indikasi                         ****) 27.40% of the income generated with the indication of profit sharing
               bagi hasil sebesar 1,37% per tahun.                                                         of 1.37% per year

     d.    Penawaran Umum Saham Perdana (IPO)                                                  d.    Initial Public Offering (IPO)
           Bank telah memperoleh izin untuk melakukan                                                The Bank obtained a permit to undertake a
           Penawaran      Umum      sesuai    dengan                                                 Public Offering based on the approval of the
           persetujuan Dewan Perwakilan Rakyat                                                       House of Representatives of the Republic
           Republik Indonesia yang tertuang dalam                                                    of Indonesia in its Chairman Letter
           Surat Ketua Dewan Perwakilan Rakyat                                                       No. PW.01/3104/DPRRI/V/2009 dated May 29,
           Republik     Indonesia     No.PW.01/3104/                                                 2009 and was enacted by the Government as
           DPRRI/V/2009 tanggal 29 Mei 2009, serta                                                   stipulated by the Republic of Indonesia
           penetapan dari Pemerintah sebagaimana                                                     Government Regulation No. 66 of 2009 and
           tertuang dalam Peraturan Pemerintah                                                       circulated in State Gazette No. 167 dated
           Republik Indonesia No. 66 tahun 2009 dan                                                  November 16, 2009 regarding the amendment
           diundangkan dalam Lembaran Negara                                                         of the stock ownership structure of the State
           No.167 tanggal 16 November 2009 tentang                                                   through Initial Public Offering of the shares of
           Perubahan Struktur Kepemilikan Saham                                                      PT Bank Tabungan Negara (Persero).
           Negara Melalui Penerbitan dan Penjualan
           Saham Baru Pada PT Bank Tabungan
           Negara (Persero).


                                                                                22
Page 474
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


1.   UMUM (lanjutan)                                         1.   GENERAL (continued)

     d.   Penawaran Umum Saham Perdana (IPO)                       d.    Initial Public Offering (IPO) (continued)
          (lanjutan)

          Berdasarkan Surat Badan Pengawas Pasar                        Based on Letter No. S-10523/BL/2009 of the
          Modal dan Lembaga Keuangan (BAPEPAM-                          Capital Market and Financial Institutions
          LK)     No.    S-10523/BL/2009      tanggal                   Supervisory Agency (BAPEPAM-LK) dated
          8 Desember 2009, pernyataan pendaftaran                       December 8, 2009, the Registration Statement
          yang diajukan Bank dalam rangka IPO                           submitted by the Bank relating to the IPO of
          sejumlah 6.353.999.999 lembar Saham Biasa                     6,353,999,999 ordinary shares Series B of the
          Atas Nama Seri B milik Negara Republik                        Republic of Indonesia and 2,360,057,000 new
          Indonesia dan 2.360.057.000 lembar Saham                      ordinary shares Series B, at par value of Rp500
          Biasa Atas Nama Seri B baru, dengan nilai                     (full Rupiah) per share to the public, became
          nominal sebesar Rp500 (Rupiah penuh)                          effective on December 8, 2009. The shares
          setiap saham kepada masyarakat telah                          which were offered to the public, were listed and
          menjadi      efektif     pada       tanggal                   traded on the Indonesia Stock Exchange on
          8 Desember 2009. Saham yang ditawarkan                        December 17, 2009, with the selling price of
          tersebut     dicatatkan      dan      mulai                   Rp800 (full Rupiah) per share.
          diperdagangkan di Bursa Efek Indonesia pada
          tanggal 17 Desember 2009 dengan harga jual
          Rp800 (Rupiah penuh) per saham.

          Berkaitan dengan penawaran umum saham                         In relation to the Initial Public Offering of the
          perdana, Bank telah mengimplementasikan                       shares,      the   Bank      implemented      the
          program kepemilikan saham oleh Manajemen                      Management and Employee Stock Allocation
          dan Karyawan (Management and Employee                         (MESA) program. MESA program is allocated
          Stock Allocation/MESA). Program MESA                          with a maximum of 9.62% of the newly issued
          diberikan maksimal 9,62% dari saham baru                      shares for registered employees as of
          yang diterbitkan kepada karyawan yang                         December 31, 2009. The MESA Program
          tercatat pada tanggal 31 Desember 2009.                       became effective on September 17, 2009 and
          Program MESA tersebut telah efektif pada                      all qualified employees availed of the program
          tanggal 17 September 2009 dan seluruh                         consisting of 226,928,500 Series B shares (with
          karyawan yang memiliki kualifikasi telah                      par value of Rp500 per share) with a purchase
          mengambil program tersebut dengan jumlah                      price of Rp640 per share (after share price
          lembar saham biasa atas nama Seri B                           discount of 20% from the initial public offering
          sebanyak 226.928.500 lembar (nilai nominal                    price of Rp800 per share) and a lock up period
          Rp500 per lembar saham) dengan harga beli                     until six months.
          Rp640 per lembar saham (setelah diskon 20%
          dari harga penawaran perdana sebesar
          Rp800 per lembar saham) dengan masa lock
          up selama enam bulan.

          Diskon harga saham untuk program MESA                         In relation to the Initial Public Offering of the
          menjadi beban Bank di tahun 2009, yaitu                       share price discount for MESA program was
          sebesar 20% atau Rp41.353, yang termasuk                      recognized as the Bank’s expense in 2009,
          beban pajak penghasilan.                                      amounting to 20% or Rp41,353 including the
                                                                        income tax expense.




                                                        23
Page 475
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


1.   UMUM (lanjutan)                                           1.   GENERAL (continued)

     e.   Program Opsi Kepemilikan Saham untuk                      e.    Management & Employee Stock Option Plan
          Manajemen dan Karyawan                                          (MESOP)

          Sesuai dengan RUPS Luar Biasa tanggal 12                       In accordance with the Extraordinary GMS on
          Oktober 2009, pemegang saham menyetujui                        12 October 2009, shareholders approved the
          penerbitan    saham    opsi    sebanyak                        issuance of 363,085,500 share options which
          363.085.500 lembar saham yang akan                             will be implemented in 3 (three) stages. Stock
          dilaksanakan dalam 3 (tiga) tahap. Opsi                        options are granted to management and
          saham diberikan kepada manajemen dan                           employees in certain positions and titles who
          karyawan pada posisi dan jabatan tertentu                      meet the specified requirements (Management
          yang memenuhi Persyaratan yang telah                           & Employee Stock Option Plan (MESOP)).
          ditetapkan (Management & Employee Stock
          Option Plan (MESOP)).

          Manajemen dan karyawan Bank telah                              The Bank's management and employees have
          melakukan eksekusi atas opsi saham yang                        executed share options starting in 2011 with
          dimulai tahun 2011 dengan rincian untuk                        details for MESOP I with the end of the option
          MESOP I dengan akhir hak opsi pada tahun                       rights in 2014 amounting to 145,234,500,
          2014 sebanyak 145.234.500, MESOP II                            MESOP II with the end of the option rights in
          dengan akhir hak opsi pada tahun 2015                          2015 amounting to 108,925,500 shares, and
          sebanyak 108.925.500 lembar saham, dan                         MESOP III with the end of the option rights in
          MESOP III dengan akhir hak opsi pada tahun                     2016 amounting to 108,925,500 shares. The
          2016 sebanyak 108.925.500 lembar saham.                        agio from the execution in 2011 was Rp94,733,
          Agio yang timbul dari eksekusi tersebut untuk                  in 2012 it was Rp6,349, in 2013 it was
          tahun 2011 adalah sebesar Rp94.733, tahun                      Rp232,261, in 2014 it was Rp2,372, in 2015 it
          2012 adalah sebesar Rp6.349, tahun 2013                        was Rp18,462, in 2016 it was amounting to
          adalah sebesar Rp232.261, tahun 2014                           Rp7,856.
          adalah sebesar Rp2.372, tahun 2015 adalah
          sebesar Rp18.462, tahun 2016 adalah
          sebesar Rp7.856.
     f.   Penawaran Umum Saham Terbatas I                           f.    Limited Public Offering I
          Untuk memperkuat struktur permodalan,                          To Strengthen the capital structure, through the
          melalui persetujuan Rapat Umum Pemegang                        approval of the Extraordinary General Meeting
          Saham Luar Biasa tanggal 7 November 2012                       of Shareholders on November 7, 2012 and on
          dan Surat Badan Pengawas Pasar Modal dan                       Letter No. S-13001/BL/2012 of the Capital
          Lembaga Keuangan (BAPEPAM-LK) No. S-                           Market and Financial Institutions Supervisory
          13001/BL/2012 tanggal 6 November 2012,                         Agency (BAPEPAM-LK) dated November 6,
          Bank melakukan Penawaran Umum Terbatas                         2012, the Bank undertook a Limited Public
          I (“PUT I”) dalam rangka penerbitan Hak                        Offering I (“LPO I”) through the issuance of pre-
          Memesan Efek Terlebih Dahulu (HMETD)                           emptive rights of 1,512,857,500 Class B shares
          sebanyak 1.512.857.500 saham Seri B                            with a par value per share of Rp500 (full
          dengan nilai nominal sebesar Rp500 (nilai                      amount). Each holder of 555,000 share was
          penuh) setiap saham. Setiap pemegang                           entitled to buy 94,943 new shares for
          555.000 saham lama berhak membeli 94.943                       Rp1,235.00 (full amount) per share. As a result
          saham baru dengan harga Rp1.235,00 (nilai                      of LPO I, the Bank increased its capital by
          penuh) setiap saham. Dari PUT I ini, Bank                      1,512,857,500 Class B shares issued to the
          meningkatkan modal sahamnya sebanyak                           public on December 04, 2012 and the LPO I
          1.512.857.500 lembar saham Seri B yang                         listed in the Indonesia Stock Exchanges.
          diterbitkan kepada masyarakat umum pada
          tanggal 4 Desember 2012 dan terdaftar di
          Bursa Efek Indonesia.




                                                          24
Page 476
                                                                                  The original financial statements included herein are in the
                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


1.   UMUM (lanjutan)                                                         1.   GENERAL (continued)
     g.     Penawaran Umum Saham Terbatas II                                      g.     Limited Public Offering II
            Untuk memperkuat struktur permodalan,                                       To Strengthen the capital structure, through the
            melalui persetujuan Rapat Umum Pemegang                                     approval of the Extraordinary General Meeting
            Saham Luar Biasa tanggal 18 Oktober 2022                                    of Shareholders on October 18, 2022 and Letter
            dan surat OJK No. S-264/D.04/2022 tanggal                                   from OJK No. S-264/D.04/2022 dated
            14 Desember 2022 perihal Pemberitahuan                                      December 14, 2022 about Notification of
            Efektifnya Pernyataan Pendaftaran, Bank                                     Effectiveness of Registration Statement, the
            melakukan Penawaran Umum Terbatas II                                        Bank undertook a Limited Public Offering II
            (“PUT II”) dalam rangka penerbitan Hak                                      (“LPO II”) through the issuance of pre-emptive
            Memesan Efek Terlebih Dahulu (HMETD)                                        rights of 3,444,444,413 Class B shares with a
            sebanyak 3.444.444.413 saham Seri B                                         par value per share of Rp500 (full amount).
            dengan nilai nominal sebesar Rp500 (nilai                                   Each holder of 100,000,000 share was entitled
            penuh) setiap saham. Setiap pemegang                                        to buy 32,525,443 new shares for Rp1,200.00
            100.000.000 saham lama berhak membeli                                       (full amount) per share. As a result of LPO II,
            32.525.443 saham baru dengan harga                                          the Bank increased its capital by 3,444,444,413
            Rp1.200,00 (nilai penuh) setiap saham. Dari                                 Class B shares issued to the public on January
            PUT II ini, Bank meningkatkan modal                                         10, 2023 and the LPO II listed in the Indonesia
            sahamnya sebanyak 3.444.444.413 lembar                                      Stock Exchanges.
            saham Seri B yang diterbitkan kepada
            masyarakat umum pada tanggal 10 Januari
            2023 dan terdaftar di Bursa Efek Indonesia.

     h. Dewan    Komisaris, Direksi, Dewan                                        h. Boards of Commissioners, Directors, Sharia
        Pengawas Syariah, Komite Audit dan                                           Supervisory Board, Audit Committee and
        Karyawan                                                                     Employees

          Berdasarkan Rapat Umum Pemegang Saham                                         Based on the Bank’s The Annual General
          Tahunan (RUPST) Bank tanggal 6 Maret                                          Meeting of Shareholders (AGMS) held on
          2024, dengan Akta Risalah RUPST No. 06                                        March 6, 2024, as stated under the Deed of
          tanggal 6 Maret 2024 yang dibuat oleh Notaris                                 AGMS Minutes No. 06 on March 6, 2024, by
          Ashoya Ratam, S.H., M.Kn., susunan Dewan                                      Notary Ashoya Ratam, S.H., M.Kn., the
          Komisaris Bank adalah sebagai berikut:                                        composition of the Bank’s Board of
                                                                                        Commissioners are as follows:
          31 Desember 2024                                                                                        December 31, 2024
          Komisaris Utama/Independen                            Chandra M. Hamzah                 President/Independent Commissioner
          Wakil Komisaris Utama/Independen                         Iqbal Latanro             Vice President/Independent Commissioner
          Komisaris                                              Andin Hadiyanto                                        Commissioner
          Komisaris                                            Herry Trisaputra Zuna                                    Commissioner
          Komisaris                                            Himawan Arief Sugoto                                     Commissioner
          Komisaris Independen                                 Armand Bachtiar Arief                        Independent Commissioner
          Komisaris Independen                                  Sentot A. Sentausa                          Independent Commissioner
          Komisaris Independen                                 Bambang Widjanarko*                          Independent Commissioner
          Komisaris Independen                                   Adi Sulistyowati*                          Independent Commissioner
          * Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan              *    Appointed as a member of Board of Commissioners of PT Bank
            Negara (Persero) Tbk berdasarkan hasil keputusan RUPS                      Tabungan Negara (Persero) Tbk based on the Annual General Meeting
            Tahunan Perseroan tanggal 6 Maret 2024 dan telah efektif                   of Shareholders dated March 6, 2024 has effectively served since
            menjabat sejak memperoleh persetujuan OJK pada tanggal 7                   receiving OJK approval on October 7, 2024 based on OJK Letter No.
            Oktober 2024 berdasarkan Surat OJK No. SR-438/PB.02/2024                   SR-438/PB.02/2024 dated October 7, 2024.
            tanggal 7 Oktober 2024.




                                                                        25
Page 477
                                                                                        The original financial statements included herein are in the
                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)


1.    UMUM (lanjutan)                                                              1.    GENERAL (continued)
     h. Dewan     Komisaris, Direksi, Dewan                                             h. Boards of Commissioners, Directors, Sharia
        Pengawas Syariah, Komite Audit dan                                                 Supervisory Board, Audit Committee and
        Karyawan (lanjutan)                                                                Employees (continued)
         Berdasarkan Rapat Umum Pemegang Saham                                                Based on the Bank’s The Annual General
         Tahunan (RUPST) Bank tanggal 16 Maret                                                Meeting of Shareholders held on March 16,
         2023, dengan berita acara No. 16 yang dibuat                                         2023, as stated under the notarial No. 16 by
         oleh Notaris Ashoya Ratam, S.H., M.Kn.,                                              Notary Ashoya Ratam, S.H., M.Kn., the
         susunan Dewan Komisaris Bank adalah                                                  composition of the Bank’s Board of
         sebagai berikut:                                                                     Commissioners are as follows:
         31 Desember 2023                                                                                      December 31, 2023
         Komisaris Utama/Independen                                  Chandra M. Hamzah         President/Independent Commissioner
         Wakil Komisaris Utama/Independen                               Iqbal Latanro     Vice President/Independent Commissioner
         Komisaris Independen                                       Armand Bachtiar Arief                Independent Commissioner
         Komisaris Independen                                       Ahdi Jumhari Luddin**                Independent Commissioner
         Komisaris Independen                                         Sentot A. Sentausa                 Independent Commissioner
         Komisaris                                                     Andin Hadiyanto                               Commissioner
         Komisaris                                                  Herry Trisaputra Zuna                            Commissioner
         Komisaris                                                  Himawan Arief Sugoto                             Commissioner
         Komisaris                                                 Mohamad Yusuf Permana*                            Commissioner
         *   Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan                    *   Appointed as a member of Board of Commissioners of PT Bank
             Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Luar                       Tabungan Negara (Persero) Tbk based on the Annual General Meeting
             Biasa Perseroan tanggal 11 Januari 2023 dan telah efektif pada                   of Shareholders dated January 11, 2023 and has been effective on June
             tanggal 07 Juni 2023 berdasarkan Keputusan Dewan Komisioner                      7, 2023 based on Financial Service Authority’s Decision No. KEPR-
             OJK No. KEPR-46/D.03/2023 tanggal 07 Juni 2023.                                  46/D.03/2023 dated June 7, 2023.
         ** Berakhir masa jabatan tanggal 12 Agustus 2023 karena meninggal                ** Ends of term of positions on August 12, 2023 due to passed away.
             dunia.

         Berdasarkan Rapat Umum Pemegang Saham                                                Based on the Bank’s The Annual General
         Tahunan (RUPST) Bank tanggal 2 Maret                                                 Meeting of Shareholders held on March 2,
         2022, dengan berita acara No. 04 yang dibuat                                         2022, as stated under the notarial No. 04 by
         oleh Notaris Ashoya Ratam, S.H., M.Kn.,                                              Notary Ashoya Ratam, S.H., M.Kn., the
         susunan Dewan Komisaris Bank adalah                                                  composition of the Bank’s Board of
         sebagai berikut:                                                                     Commissioners are as follows:
         31 Desember 2022                                                                                          December 31, 2022
         Komisaris Utama/Independen                                   Chandra M. Hamzah            President/Independent Commissioner
         Wakil Komisaris Utama/Independen                                 Iqbal Latanro       Vice President/Independent Commissioner
         Komisaris                                                    Heru Budi Hartono****                              Commissioner
         Komisaris                                                       Andin Hadiyanto                                 Commissioner
         Komisaris                                                   Herry Trisaputra Zuna***                            Commissioner
         Komisaris                                                   Himawan Arief Sugoto**                              Commissioner
         Komisaris Independen                                         Armand Bachtiar Arief                  Independent Commissioner
         Komisaris Independen                                         Ahdi Jumhari Luddin                    Independent Commissioner
         Komisaris Independen                                           Sentot A. Sentausa*                  Independent Commissioner
      * Diangkat sebagai Anggota Komisaris PT Bank Tabungan Negara                       *      Appointed as the Board of Commissioner of PT Bank Tabungan
        (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan                                Negara (Persero) Tbk, based on the Annual General Meeting of
        Perseroan tanggal 2 Maret 2022 dan telah efektif pada tanggal 8                       Shareholder dated March 2, 2022 and has been effective on August
        Agustus 2022 berdasarkan Keputusan Dewan Komisioner OJK                               8, 2022 based on Financial Service Authority’s Decision No.
        No. 31/KDK.03/2022 tanggal 8 Agustus 2022.                                            31/KDK.03/2022 dated August 8, 2022.
      ** Diangkat sebagai Anggota Komisaris PT Bank Tabungan Negara                      **    Appointed as the Board of Commissioner of PT Bank Tabungan
         (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan                               Negara (Persero) Tbk, based on the Annual General Meeting of
         Perseroan tanggal 2 Maret 2022 dan telah efektif pada tanggal 3                      Shareholder dated March 2, 2022 and has been effective on October
         Oktober 2022 berdasarkan Keputusan Dewan Komisioner OJK                              3, 2022 based on Financial Service Authority’s Decision No. KEP-
         No. KEP-149/D.03/2022 tanggal 3 Oktober 2022.                                        149/D.03/2022 dated October 3, 2022.
      *** Diangkat sebagai Anggota Komisaris PT Bank Tabungan Negara                     *** Appointed as the Board of Commissioner of PT Bank Tabungan
          (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan                             Negara (Persero) Tbk, based on the Annual General Meeting of
          Perseroan tanggal 2 Maret 2022 dan telah efektif pada tanggal 11                   Shareholder dated March 2, 2022 and has been effective on October
          Oktober 2022 berdasarkan Keputusan Dewan Komisioner OJK                            11, 2022 based on Financial Service Authority’s Decision No. KEP-
          No. KEP-162/D.03/2022 tanggal 11 Oktober 2022.                                     162/D.03/2022 dated October 11, 2022.
      ****Berdasarkan Surat Perseroan No. 582/DIR/CSD/X/2022 perihal                    **** Based on Company Letter No. 582/DIR/CSD/X/2022 regarding Report
          Laporan Informasi atau Fakta Material tertanggal 14 Oktober                        on Material Information or Facts dated October 14, 2022, Heru Budi
          2022, masa jabatan Heru Budi Hartono selaku anggota Dewan                          Hartono's term of office as a member of the Company's Board of
          Komisaris Perseroan berakhir sejak pelantikan dirinya menjadi                      Commissioners ended since his inauguration as Acting Governor of
          Penjabat Gubernur Daerah Khusus Ibukota Jakarta pada tanggal                       the Special Capital Region of Jakarta on October 17, 2022. In
          17 Oktober 2022. Sehubungan dengan berakhirnya masa jabatan                        connection with the expiration of Heru Budi Hartono, the Company will
          Heru Budi Hartono tersebut, Perseroan akan menyelenggarakan                        hold a General Meeting of Shareholders to comply with the provisions
          Rapat Umum Pemegang Saham untuk memenuhi ketentuan                                 of the laws and regulations and the Company's articles of association.
          peraturan perundang-undangan dan anggaran dasar Perseroan.



                                                                              26
Page 478
                                                                                                The original financial statements included herein are in the
                                                                                                                                      Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
            (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                             unless otherwise stated)


1.    UMUM (lanjutan)                                                                 1.   GENERAL (continued)
       h. Dewan    Komisaris, Direksi, Dewan                                                    h. Boards of Commissioners, Directors, Sharia
          Pengawas Syariah, Komite Audit dan                                                       Supervisory Board, Audit Committee and
          Karyawan (lanjutan)                                                                      Employees (continued)

          Berdasarkan Rapat Umum Pemegang Saham                                                      Based on the Bank’s The Annual General
          Tahunan       (RUPST)      Bank      tanggal                                               Meeting      of  Shareholders    held     on
          6 Maret 2024, dengan Akta Risalah RUPST                                                    March 6, 2024, as stated under the Deed of
          No. 06 tanggal 6 Maret 2024 yang dibuat oleh                                               AGMS Minutes No. 06 on March 6, 2024, by
          Notaris Ashoya Ratam, S.H., M.Kn., susunan                                                 Notary Ashoya Ratam, S.H., M.Kn., the
          Direksi Bank adalah sebagai berikut:                                                       composition of the Bank’s Board of Directors
                                                                                                     are as follows:
          31 Desember 2024                                                                                                                 December 31, 2024
          Direktur Utama                               Nixon Lambok Pahotan Napitupulu                               President Director
          Wakil Direktur Utama                              Oni Febriarto Rahardjo                              Vice President Director
          Direktur Finance                                     Nofry Rony Poetra                                    Director of Finance
          Direktur Assets Management                       Elisabeth Novie Riswanti                   Director of Assets Management
          Direktur Human Capital,                                                                           Director of Human Capital,
             Compliance and Legal                                 Eko Waluyo                                Compliance and Legal
          Direktur Risk Management                              Setiyo Wibowo                            Director of Risk Management
          Direktur Distribution and Institutional Funding            Jasmin          Director of Distribution and Institutional Funding
          Direktur Information Technology                        Andi Nirwoto                      Director of Information Technology
          Direktur Consumer                                     Hirwandi Gafar                                   Director of Consumer
          Direktur Operations and Customer Experience          Hakim Putratama      Director of Operations and Customer Experience
          Direktur SME and Retail Funding                     Muhammad Iqbal *                    Director of SME and Retail Funding
          * Diangkat sebagai anggota Dieksi PT Bank Tabungan Negara (Persero)                    *   Appointed as a member of Board of Directors of PT Bank Tabungan
            Tbk berdasarkan hasil keputusan RUPS Tahunan Perseroan tanggal                           Negara (Persero) Tbk based on the Annual General Meeting of
            6 Maret 2024 dan telah efektif menjabat sejak memperoleh                                 Shareholders dated March 6, 2024 and has effectively served since
            persetujuan OJK pada tanggal 8 Agustus 2024 berdasarkan Surat OJK                        receiving OJK approval on August 8, 2024 based on OJK Letter No. SR-
            No. SR-333/PB.02/2024 tanggal 8 Agustus 2024.                                            333/PB.02/2024 dated August 8, 2024 .

          Berdasarkan Rapat Umum Pemegang Saham                                                      Based on the Bank’s The Annual General
          Tahunan (RUPST) Bank tanggal 16 Maret                                                      Meeting of Shareholders held on March 16,
          2023, dengan berita acara No. 16 yang dibuat                                               2023, as stated under the notarial No. 16 by
          oleh Notaris Ashoya Ratam, SH., MKn,                                                       Notary Ashoya Ratam, S.H., M.Kn., the
          susunan Direksi Bank adalah sebagai berikut:                                               composition of the Bank’s Board of Directors
                                                                                                     are as follows:
          31 Desember 2023                                                                                                                 December 31, 2023
          Direktur Utama                                      Nixon Lambok Pahotan Napitupulu*                                                President Director
          Wakil Direktur Utama                                     Oni Febriarto Rahardjo**                                             Vice President Director
          Direktur IT and Digital                                        Andi Nirwoto                                                  Director of IT and Digital
          Direktur Assets Management                               Elisabeth Novie Riswanti                                    Director of Assets Management
          Direktur Distribution and Funding                                  Jasmin                                        Director of Distribution and Funding
          Direktur Risk Management                                      Setiyo Wibowo                                            Director of Risk Management
          Direktur Consumer                                             Hirwandi Gafar                                                    Director of Consumer
          Direktur Finance                                             Nofry Rony Poetra                                                        Director Finance
          Direktur Human Capital,                                                                                                   Director of Human Capital,
             Compliance and Legal                                          Eko Waluyo                                                Compliance and Legal
          Direktur Institutional Banking                                Hakim Putratama***                                     Director of Institutional Banking
          * Menerima pengalihan tugas sebagai Direktur Utama PT Bank Tabungan              * Receive assignment transfer as President Director of The Borad of Directors
             Negara (Persero) Tbk, berdasarkan hasil keputusan RUPS Tahunan                   of PT Bank Tabungan Negara (Persero) Tbk based on the Annual General
             Perseroan tanggal 16 Maret 2023 dan telah efektif pada tanggal 07                Meeting of Shareholders dated March 16, 2023 and has been effective on
             Juni 2023 berdasarkan Keputusan Dewan Komisioner OJK No. KEPR-                   June 7, 2023 based on Financial Service Authority’s Decision No. KEPR-
             44/D.03/2023 tanggal 07 Juni 2023.                                               44/D.03/2023 dated June 7, 2023.

          ** Diangkat sebagai Wakil Direktur Utama PT Bank Tabungan Negara                 **    Appointed as Vice President Director of PT Bank Tabungan Negara
             (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan Perseroan                   (Persero) Tbk based on the Annual General Meeting of Shareholders dated
             tanggal 16 Maret 2023 dan telah efektif pada tanggal 07 Juni 2023                  March 16, 2023 and has been effective on June 7, 2023 based on Financial
             berdasarkan Keputusan Dewan Komisioner OJK No. KEPR-                               Service Authority’s Decision No. KEPR-45/D.03/2023 dated June 7, 2023.
             45/D.03/2023 tanggal 07 Juni 2023.
                                                                                           *** Appointed as a member of Board of Directors of PT Bank Tabungan Negara
          *** Diangkat sebagai anggota Direksi PT Bank Tabungan Negara                         (Persero) Tbk based on the Annual General Meeting of Shareholders dated
             (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan Perseroan                  March 16, 2023 and has been effective on July 26, 2023 based on Financial
             tanggal 16 Maret 2023 dan telah efektif pada tanggal 26 Juli 2023                 Service Authority’s Decision No. KEPR-83/D.03/2023 dated July 26, 2023.
             berdasarkan Keputusan Dewan Komisioner OJK No. KEPR-
             83/D.03/2023 tanggal 26 Juli 2023.




                                                                                 27
Page 479
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                           unless otherwise stated)


1.   UMUM (lanjutan)                                                                1.   GENERAL (continued)

     h. Dewan    Komisaris, Direksi, Dewan                                               h. Boards of Commissioners, Directors, Sharia
        Pengawas Syariah, Komite Audit dan                                                  Supervisory Board, Audit Committee and
        Karyawan (lanjutan)                                                                 Employees (continued)

        Berdasarkan Rapat Umum Pemegang Saham                                                Based on the Bank’s The Annual General
        Tahunan (RUPST) Bank tanggal 2 Maret                                                 Meeting of Shareholders (AGMS) held on
        2022, dengan berita acara No. 04 yang dibuat                                         March 2, 2022, as stated under the notarial No.
        oleh Notaris Ashoya Ratam, S.H., M.Kn.,                                              04 by Notary Ashoya Ratam, S.H., M.Kn., the
        susunan Direksi Bank adalah sebagai berikut:                                         composition of the Bank’s Board of Directors
                                                                                             are as follows:
        31 Desember 2022                                                                                                           December 31, 2022
        Direktur Utama                                                Haru Koesmahargyo*                                              President Director
        Wakil Direktur Utama                                    Nixon Lambok Pahotan Napitupulu                                 Vice President Director
        Direktur Consumer                                                Hirwandi Gafar                                           Director of Consumer
        Direktur Finance                                               Nofry Rony Poetra                                             Director of Finance
        Direktur Human Capital,                                                                                             Director of Human Capital,
           Compliance and Legal                                             Eko Waluyo                                       Compliance and Legal
        Direktur Assets Management                                    Elisabeth Novie Riswanti                         Director of Assets Management
        Direktur IT and Digital                                             Andi Nirwoto                                       Director of IT and Digital
        Direktur Distribution and Funding                                     Jasmin                               Director of Distribution and Funding
        Direktur Risk Management                                          Setiyo Wibowo                                  Director of Risk Management
        * Berdasarkan Risalah Rapat Umum Pemegang Saham Tahunan
          dengan Akta nomor 16 tertanggal 16 Maret 2023, perseroan                             * Based on Annual General Meeting of Shareholders with notarial
          memberhentikan dengan hormat Haru Koesmahargyo selaku                                  deed number 16 dated March 16, 2023, the company terminate
          Direktur Utama Perseroan.                                                              with honor Haru Koesmahargyo as President Director.

        Gaji dan kompensasi lainnya yang dibayarkan                                          Salaries and other compensation benefits paid
        kepada dewan komisaris adalah sebesar                                                to the Board of Commissioners of the Bank
        Rp76.260, Rp64.480 dan Rp51.960 masing-                                              amounted to Rp76,260, Rp64,480 and
        masing untuk tahun yang berakhir pada                                                Rp51,960 for the years ended December 31,
        tanggal 31 Desember 2024, 2023 dan 2022                                              2024, 2023, and 2022, respectively (Note 44b).
        (Catatan 44b). Gaji dan kompensasi lainnya                                           Salaries and other compensation benefits paid
        yang dibayarkan kepada direksi adalah                                                to the Board of Directors of the Bank amounted
        sebesar    Rp199.832,     Rp161.529     dan                                          to Rp199,832, Rp161,529 and Rp131,671 for
        Rp131.671 masing-masing untuk tahun yang                                             the years ended December 31, 2024, 2023, and
        berakhir pada tanggal 31 Desember 2024,                                              2022, respectively (Note 44b).
        2023 dan 2022 (Catatan 44b).
        Sekretaris Perusahaan dan Kepala Divisi                                              The Bank’s Corporate Secretary and the Head
        Audit Internal Bank adalah sebagai berikut:                                          of Internal Audit Division are as follows:

        31 Desember 2024                                                                                                          December 31, 2024
        Sekretaris Perusahaan                                          Ramon Armando                                          Corporate Secretary
        Kepala Divisi Audit Internal                                 Hendratno Tri Wibowo                           Head of Internal Audit Division
        31 Desember 2023                                                                                                          December 31, 2023
        Sekretaris Perusahaan                                         Ramon Armando*                                          Corporate Secretary
        Kepala Divisi Audit Internal                                 Hendratno Tri Wibowo                           Head of Internal Audit Division
        *   Diangkat berdasarkan Surat Keputusan Direksi Bank No.                            * Appointed based on the Bank’s Board of Directors’ Decision Letter
            231/DIR/2023 tanggal 14 April 2023 dan bertindak sebagai pejabat                   No. 231/DIR/2023 dated April 14, 2023 and Head of Corporate
            sejak tanggal 14 April 2023.                                                       Secretary Division since April 14, 2023.




                                                                               28
Page 480
                                                                                       The original financial statements included herein are in the
                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


1.   UMUM (lanjutan)                                                              1.   GENERAL (continued)

     h. Dewan    Komisaris, Direksi, Dewan                                             h. Boards of Commissioners, Directors, Sharia
        Pengawas Syariah, Komite Audit dan                                                Supervisory Board, Audit Committee and
        Karyawan (lanjutan)                                                               Employees (continued)
        Sekretaris Perusahaan dan Kepala Divisi                                           The Bank’s Corporate Secretary and the Head
        Audit Internal Bank adalah sebagai berikut:                                       of Internal Audit Division are as follows:
        (lanjutan)                                                                        (continued)
        31 Desember 2022                                                                                                       December 31, 2022
        Sekretaris Perusahaan                                       Achmad Chaerul*                                        Corporate Secretary
        Kepala Divisi Audit Internal                              Hendratno Tri Wibowo**                         Head of Internal Audit Division

        *      Diangkat berdasarkan Surat Keputusan Direksi Bank No.                       * Appointed based on the Bank’s Board of Directors’ Decision Letter
               711/DIR/2022 tanggal 7 Juli 2022 dan bertindak sebagai                        No. 711/DIR/2022 dated July 7, 2022 and Head of Corporate
               pejabat sejak tanggal 11 Juli 2022.                                           Secretary Division since July 11, 2022.
        **     Diangkat berdasarkan Surat Keputusan Direksi Bank                          ** Appointed based on the Bank’s Board of Directors’ Decision Letter
               No. 642/DIR/2021 tanggal 26 Juli 2021 dan bertindak sebagai                   No. 642/DIR/2021 dated July 26, 2021 and as the Acting Task of
               pejabat sejak tanggal 26 Juli 2021.                                           Internal Audit Division Head since July 26, 2021.

        Susunan Dewan Pengawas Syariah Bank, Rapat                                            The composition of the Bank’s Sharia
        Umum Pemegang Saham Tahunan (RUPST)                                                   Supervisory Board based on the Bank’s The
        Bank tanggal 6 Maret 2024, dengan Akta Risalah                                        Annual General Meeting of Shareholders
        RUPST No. 06 tanggal 6 Maret 2024 yang dibuat                                         held on March 6, 2024, as stated under Deed
        oleh Notaris Ashoya Ratam, S.H., M.Kn., adalah                                        of AGMS Minutes No. 06 on March 6, 2024,
        sebagai berikut:                                                                      by Notary Ashoya Ratam, S.H., M.Kn., are
                                                                                              as follows:

        31 Desember 2024                                                                                                      December 31, 2024
        Ketua                                                  M. Quraish Shihab                                                      Chairman
        Anggota                                           Mohammad Bagus Teguh Perwira                                                 Member
        Anggota                                                 Muhammad Faiz                                                          Member
        Susunan Dewan Pengawas Syariah Bank, Rapat                                          The composition of the Bank’s Sharia
        Umum Pemegang Saham Tahunan (RUPST)                                                 Supervisory Board based on the Bank’s The
        Bank tanggal 16 Maret 2023, dengan berita acara                                     Annual General Meeting of Shareholders held
        No. 16 yang dibuat oleh Notaris Ashoya Ratam,                                       on March 16, 2023, as stated under the
        S.H., M.Kn., adalah sebagai berikut:                                                notarial No. 16 by Notary Ashoya Ratam,
                                                                                            S.H., M.Kn., are as follows:

        31 Desember 2023                                                                                                      December 31, 2023
        Ketua                                                    M. Quraish Shihab                                                   Chairman
        Anggota                                             Mohammad Bagus Teguh Perwira                                               Member
        Anggota                                                   Muhammad Faiz*                                                       Member
             * Diangkat sebagai anggota Dewan Pengawas Syariah PT Bank                     * Appointed as a member of the Sharia Supervisory Board of PT Bank
               Tabungan Negara (Persero) Tbk berdasarkan hasil keputusan                     Tabungan Negara (Persero) Tbk based on the results of the
               RUPS Tahunan Perseroan tanggal 16 Maret 2023, telah                           Company's Annual GMS decision on March 16, 2023, having
               memperoleh persetujuan OJK pada tanggal 18 Oktober 2023                       obtained OJK approval on October 18, 2023, based on OJK Letter
               berdasarkan Surat OJK No. S-267/PB.02/2023 tanggal 18                         No. S-267/PB.02/2023 dated October 18, 2023, and effective since
               Oktober 2023 dan efektif sejak persetujuan Dewan Komisaris                    the approval of the Board of Commissioners on November 29, 2023,
               tanggal 29 November 2023 berdasarkan Surat Dewan                              based on the Letter of the Board of Commissioners of PT Bank
               Komisaris PT Bank Tabungan Negara (Persero) Tbk No.                           Tabungan Negara (Persero) Tbk No. 144/KOM/BTN/XI/2023 dated
               144/KOM/BTN/XI/2023 tanggal 29 November 2023.                                 November 29, 2023.




                                                                             29
Page 481
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
            (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                            unless otherwise stated)


1.    UMUM (lanjutan)                                                                1.    GENERAL (continued)
       h. Dewan     Komisaris, Direksi, Dewan                                              h. Boards of Commissioners, Directors, Sharia
          Pengawas Syariah, Komite Audit dan                                                  Supervisory Board, Audit Committee and
          Karyawan (lanjutan)                                                                 Employees (continued)
             Susunan Dewan Pengawas Syariah Bank                                                The composition of the Bank’s Sharia
             berdasarkan Rapat Umum Pemegang Saham                                              Supervisory Board based on the Bank’s The
             Tahunan (RUPST) Bank tanggal 2 Maret 2022,                                         Annual General Meeting of Shareholders held
             dengan berita acara No. 4 yang dibuat oleh                                         on March 2, 2022, as stated under the notarial
             Notaris Ashoya Ratam, S.H., M.Kn., adalah                                          No. 4 by Notary Ashoya Ratam, S.H.,
             sebagai berikut:                                                                   M.Kn.,are as follows:
             31 Desember 2022                                                                                                           December 31, 2022
             Ketua                                                 M. Quraish Shihab                                                            Chairman
             Anggota                                               Mohamad Hidayat*                                                              Member
             Anggota                                          Mohammad Bagus Tegus Perwira                                                       Member
             * Berdasarkan Risalah Rapat Umum Pemegang Saham Tahunan                            * Based on Annual General Meeting of Shareholders with notarial
               dengan Akta nomor 16 tertanggal 16 Maret 2023, perseroan                           deed number 16 dated March 16, 2023, the company terminate with
               memberhentikan dengan hormat Mohamad Hidayat selaku Anggota                        honor Mohamad Hidayat as Member of Sharia Supervisory Board.
               Dewan Pengawas Syariah Perseroan.

             Susunan Anggota Komite Audit Bank                                                 The composition of the Bank’s Audit
             berdasarkan Surat Dewan Komisaris No.                                             Committee, based on the Bank’s Board of
             50/KOM/BTN/III/2024 tanggal 13 Maret 2024                                         Commissioners’        Decision       No.
             adalah sebagai berikut:                                                           50/KOM/BTN/III/2024 dated March 13, 2024
                                                                                               are as follows:
             31 Desember 2024                                                                                                 December 31, 2024
             Ketua merangkap anggota                                       Iqbal Latanro                        Chairman concurrently as a Member
             Anggota                                                    Sentot A. Sentausa                                                 Member
             Anggota                                                  Bambang Widjanarko*                                                  Member
             Anggota                                                   Endang A.Suprijatna                                                 Member
             Anggota                                                  Indra Jaka Aprilyanta**                                              Member

         *    Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan                         * Appointed as a member of Board of Commissioners of PT Bank
              Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan                       Tabungan Negara (Persero) Tbk based on the Annual General
              Perseroan tanggal 6 Maret 2024 dan telah efektif menjabat sejak                     Meeting of Shareholders dated March 6, 2024 has effectively served
              memperoleh persetujuan dari Otoritas Jasa Keuangan (OJK) pada                       since receiving Financial Services Authority (OJK) approval on
              tanggal 7 Oktober 2024 berdasarkan Surat OJK No.SR-                                 October 7, 2024 based on OJK Letter No.SR-438/PB.02/2024 dated
              438/PB.02/2024 tanggal 7 Oktober 2024.                                              October 7, 2024

         ** Diangkat sebagai anggota Komite Audit PT Bank Tabungan Negara                       ** Appointed as a member of Audit Comittee of PT Bank Tabungan
            (Persero) Tbk berdasarkan Keputusan Dewan Komisaris PT Bank                            Negara (Persero) Tbk based on the Decree of the Board of
            Tabungan Negara (Persero) Tbk No. 15/KOM/BTN/2024 tanggal 19                           Commissioners of PT Bank Tabungan Negara (Persero) Tbk No.
            November 2024 tentang Pengangkatan Sdr. Indra Jaka Aprilyanta                          15/KOM/BTN/2024 dated November 19, 2024 concerning the
            sebagai Anggota Komite Audit PT Bank Tabungan Negara (Persero)                         Appointment of Mr. Indra Jaka Aprilyanta as Member of the Audit
            Tbk.                                                                                   Committee of PT Bank Tabungan Negara (Persero) Tbk.

             Susunan Anggota Komite Audit Bank                                                 The composition of the Bank’s Audit
             berdasarkan Surat Dewan Komisaris No.                                             Committee, based on the Bank’s Board of
             101/KOM/BTN/VIII/2023 tanggal 14 Agustus                                          Commissioners’       Decision       No.
             2023 adalah sebagai berikut:                                                      101/KOM/BTN/VIII/2023 dated August 14,
                                                                                               2023 are as follows:
             31 Desember 2023                                                                                                 December 31, 2023
             Ketua merangkap anggota                                       Iqbal Latanro                        Chairman concurrently as a Member
             Anggota                                                   Sentot A. Sentausa                                                  Member
             Anggota                                                     Andin Hadiyanto                                                   Member
             Anggota                                                  Peter Eko Budi Darwito                                               Member
             Anggota                                                   Endang A.Suprijatna                                                 Member




                                                                                30
Page 482
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
            (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                             unless otherwise stated)


1.    UMUM (lanjutan)                                                                 1.    GENERAL (continued)
       h. Dewan     Komisaris, Direksi, Dewan                                               h. Boards of Commissioners, Directors, Sharia
          Pengawas Syariah, Komite Audit dan                                                   Supervisory Board, Audit Committee and
          Karyawan (lanjutan)                                                                  Employees (continued)

             Susunan Anggota Komite Audit Bank                                                    The composition of the Bank’s Audit
             berdasarkan Surat Dewan Komisaris No.                                                Committee, based on the Bank’s Board of
             111/KOM/BTN/XI/2022 tanggal 16 November                                              Commissioners’       Decision       No.
             2022 adalah sebagai berikut:                                                         111/KOM/BTN/XI/2022 dated November 16,
                                                                                                  2022 are as follows:
             31 Desember 2022                                                                                                  December 31, 2022
             Ketua merangkap anggota                                       Iqbal Latanro                         Chairman concurrently as a Member
             Anggota                                                   Ahdi Jumhari Luddin                                                  Member
             Anggota                                                     Andin Hadiyanto                                                    Member
             Anggota                                                   Sentot A. Sentausa*                                                  Member
             Anggota                                                        Adi Prakoso                                                     Member
             Anggota                                                 Peter Eko Budi Darwito**                                               Member
             * Diangkat sebagai anggota Komite Audit PT Bank Tabungan Negara                      * Appointed as a member of the Bank’s Audit Committee PT Bank
               (Persero) Tbk berdasarkan Surat Keputusan Dewan Komisaris Bank                       Tabungan Negara (Persero) Tbk based on the Board of
               No. 03/KOM/BTN/2022 tanggal 17 Maret 2022 dan berlaku efektif                        Commissioners Decision Letter No. 03/KOM/BTN/2022 dated March
               berdasarkan Surat OJK Nomor 31/KDK.03/2022 tertanggal 8 Agustus                      17, 2022 and effective based on OJK Letter Number 31/KDK.03/2022
               2022.                                                                                dated August 8, 2022.
            ** Diperpanjang masa jabatan sebagai anggota Komite Audit PT Bank
               Tabungan Negara (Persero) Tbk berdasarkan Surat Keputusan                          ** Appointed as a member of the Bank’s Audit Committee PT Bank
               Dewan Komisaris Bank No. 108/KOM/BTN/XI/2022 tanggal 9                                Tabungan Negara (Persero) Tbk based on the Board of
               November 2022                                                                         Commissioners Decision Letter No. 108/KOM/BTN/XI/2022 dated
                                                                                                     November 9, 2022


             Berdasarkan ketentuan internal Bank,                                                 Based on the Bank’s internal policy, key
             manajemen kunci Bank cakupannya adalah                                               management       consists    of    Board     of
             Dewan Komisaris, Komite Audit, Direksi,                                              Commissioners, Audit Committee, Board of
             Kepala Kantor Wilayah, Kepala Divisi, dan                                            Directors, Regional Office Head, Division Head,
             Kepala Cabang. Jumlah karyawan tetap Bank                                            and Branch Manager. The Bank has permanent
             pada tanggal 31 Desember 2024, 2023 dan                                              employees as of December 31, 2024, 2023 and
             2022 masing-masing adalah 12.697, 11.270                                             2022 of 12.697, 11,270 and 10,711 employees,
             dan 10.711 orang.                                                                    respectively.
 2.    IKHTISAR KEBIJAKAN                      AKUNTANSI             YANG              2.    SUMMARY            OF      SIGNIFICANT            ACCOUNTING
       SIGNIFIKAN                                                                            POLICIES
       a.    Dasar Penyajian Laporan Keuangan                                                a.    Basis of Preparation of the Financial
                                                                                                   Statements
             Pernyataan Kepatuhan                                                                  Statement of Compliance
             Laporan keuangan pada tanggal dan untuk                                               The financial statements as of and for the year
             tahun yang berakhir pada tanggal-tanggal 31                                           ended December 31, 2024, 2023 and 2022
             December 2024, 2023 dan 2022 disusun dan                                              were prepared and presented in accordance
             disajikan sesuai dengan Standar Akuntansi                                             with     Indonesian   Financial     Accounting
             Keuangan di Indonesia, yang mencakup                                                  Standards, which includes the Statements and
             Pernyataan dan Interpretasi yang dikeluarkan                                          Interpretations issued by the Financial
             oleh Dewan Standar Akuntansi Keuangan                                                 Accounting Standards Board of the Indonesian
             Ikatan Akuntan Indonesia dan peraturan                                                Institute of Accountants and Bapepam-LK’s
             Bapepam-LK No. VIII.G.7 lampiran keputusan                                            Regulation No. VIII.G.7, Appendix of the
             Ketua Bapepam-LK No. KEP-347/BL/2012                                                  Decision of the Chairman of Bapepam-LK
             tanggal 25 Juni 2012 tentang “Penyajian dan                                           No. KEP-347/BL/2012 dated June 25, 2012
             Pengungkapan Laporan Keuangan Emiten atau                                             regarding the “Guidelines on Financial
             Perusahaan Publik”.                                                                   Statements Presentations and Disclosures for
                                                                                                   Issuers or Public Companies”.




                                                                                 31
Page 483
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)
     a.   Dasar     Penyajian     Laporan     Keuangan                 a.    Basis of Preparation of the Financial
          (lanjutan)                                                         Statements (continued)
          Pernyataan Kepatuhan (lanjutan)                                    Statement of Compliance (continued)
          Laporan keuangan disusun sesuai dengan                            The Financial Statements is presented in
          Pernyataan Standar Akuntansi Keuangan                             conformity with the Statement of Financial
          (PSAK) No.201 (Amandemen 2019), “Penyajian                        Accounting Standards ("SFAS") No.201
          Laporan Keuangan”.                                                (Amendment 2019), “Presentation of Financial
                                                                            Statements”.
          Laporan keuangan unit syariah Bank yang                           The financial statements of the Bank’s sharia
          didasarkan pada prinsip syariah disajikan                         unit have been presented in conformity with the
          sesuai dengan Pernyataan Standar Akuntansi                        Statement of Financial Accounting Standards
          Keuangan (PSAK) No. 401 (Revisi 2020)                             ("SFAS") No. 401 (Revised 2020) on “Sharia
          tentang    “Penyajian   Laporan    Keuangan                       Financial Statements Presentation”, SFAS No.
          Syariah”, PSAK No. 402 (Revisi 2020) tentang                      402 (Revised 2020) on “Accounting for
          “Akuntansi Murabahah”, PSAK No. 404 tentang                       Murabahah”, SFAS No. 404 on “Accounting for
          “Akuntansi Istishna”, PSAK No. 405 tentang                        Istishna”, SFAS No. 405 on “Accounting for
          “Akuntansi Mudharabah”, PSAK No. 406 (Revisi                      Mudharabah”, SFAS No. 406 (Revised 2020)
          2020) tentang “Akuntansi Musyarakah” dan                          on “Accounting for Musyarakah” and SFAS
          PSAK No. 107 tentang “Akuntansi Ijarah” yang                      No. 407 on “Accounting for Ijarah”, which
          menggantikan PSAK No. 59 tentang “Akuntansi                       supersede SFAS No. 59 on “Accounting for
          Perbankan Syariah” yang berkaitan dengan                          Sharia Banking” associated with recognition,
          pengakuan, pengukuran, penyajian dan                              measurement, presentation and disclosure for
          pengungkapan untuk topik tersebut, PSAK No.                       the respective topics, SFAS No. 410 (Revised
          410 (Revisi 2020) tentang “Akuntansi Sukuk”,                      2020) on “Accounting for Sukuk”, SFAS No. 411
          PSAK No. 411 tentang “Akuntansi Wa’d” dan                         on “Accounting for Wa’d” and other SFAS, as
          PSAK lain selama tidak bertentangan dengan                        long as not contradict with sharia principles and
          prinsip syariah dan Pedoman Akuntansi                             the Indonesia Sharia Banking Accounting
          Perbankan Syariah Indonesia (PAPSI) (revisi                       Guidelines (PAPSI) (revised 2013).
          2013).

          Laporan keuangan telah disajikan berdasarkan                      The Financial Statements have been prepared
          nilai historis, kecuali untuk beberapa akun yang                  on a historical cost basis, except for some
          dinilai menggunakan dasar pengukuran lain                         accounts that were assessed using another
          sebagaimana dijelaskan pada kebijakan                             measurement basis as explained in the
          akuntansi dari akun tersebut. Laporan                             accounting policies of the account. The
          keuangan disusun dengan dasar akrual, kecuali                     Financial Statements have been prepared on
          pendapatan dari istishna dan bagi hasil dari                      accrual basis, except for the revenue from
          pembiayaan mudharabah dan musyarakah                              istishna and the profit sharing from the
          serta laporan arus kas.                                           mudharabah and musyarakah financing and the
                                                                            statement of cash flow.




                                                             32
Page 484
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)
     a.   Dasar     Penyajian    Laporan      Keuangan                a.    Basis of Preparation of the Financial
          (lanjutan)                                                        Statements (continued)
          Pernyataan Kepatuhan (lanjutan)                                   Statement of Compliance (continued)
          Laporan arus kas disusun menggunakan                             The statement of cash flows has been prepared
          metode langsung dan arus kas dikelompokkan                       using direct method and the cash flows have
          atas dasar aktivitas operasi, investasi dan                      been classified on the basis of operating,
          pendanaan. Kas dan setara kas terdiri dari kas,                  investing and financing activities. Cash and
          giro pada Bank Indonesia dan giro pada bank                      cash equivalents consist of cash, current
          lain, penempatan pada Bank Indonesia dan                         accounts with Bank Indonesia and current
          bank lain, Sertifikat Bank Indonesia dan                         accounts with other banks, placements with
          Sertifikat Deposito Bank Indonesia, yang jatuh                   Bank Indonesia and other banks, Bank
          tempo dalam waktu 3 (tiga) bulan sejak tanggal                   Indonesia Certificates and Deposits Certificates
          perolehan, sepanjang tidak digunakan sebagai                     of Bank Indonesia maturing within 3 (three)
          jaminan atas pinjaman yang diterima serta tidak                  months or less from the acquisition date
          dibatasi penggunaannya.                                          provided they are neither pledged as collateral
                                                                           for borrowings nor restricted.
          Mata uang penyajian yang digunakan dalam                         The presentation currency used in the financial
          laporan keuangan adalah Rupiah (Rp), yang                        statements is the Indonesian Rupiah (Rp),
          merupakan mata uang fungsional Bank. Angka-                      which is the Bank’s functional currency. Unless
          angka yang disajikan dalam laporan keuangan,                     otherwise stated, all figures presented in the
          kecuali dinyatakan lain dibulatkan dalam jutaan                  financial statement are rounded off to millions of
          Rupiah.                                                          Rupiah.
          Berdasarkan PSAK No. 51 (Revisi 2003)                            Based on SFAS No. 51 (Revised 2003),
          tentang ”Akuntansi Kuasi-Reorganisasi”, kuasi-                   “Accounting for Quasi-Reorganization”, a quasi-
          reorganisasi merupakan prosedur akuntansi                        reorganization is an accounting procedure that
          yang mengatur perusahaan merestrukturisasi                       enables a company to restructure its equity by
          ekuitasnya dengan menghilangkan defisit dan                      eliminating its deficit and revaluating all its
          menilai kembali seluruh aset dan liabilitasnya                   assets and liabilities based on their fair values.
          berdasarkan nilai wajar. Dengan kuasi-                           Under a quasi-reorganization, a company will
          reorganisasi, perusahaan mendapatkan awal                        have a fresh start with its statement of financial
          yang baik (fresh start) dengan laporan posisi                    position showing figures that represent present
          keuangan yang menunjukkan nilai sekarang                         values and without the burden of a deficit
          dan tanpa dibebani defisit karena defisit                        because the deficit has been eliminated to nil.
          dieliminasikan menjadi nihil.




                                                            33
Page 485
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)
     b.   Perubahan Kebijakan Akuntansi                                 b.    Changes in Accounting Policy
          Pada tanggal 1 Januari 2024, terdapat standar                       On January 1, 2024, there were new standards
          baru dan penyesuaian atau amendemen                                 and adjustments or amendments for several
          terhadap beberapa standar yang masih berlaku                        prevailing standards and effective since that
          dan berlaku efektif sejak tanggal tersebut yaitu                    date, as follows:
          sebagai berikut:
          a.   Pilar Standar Akuntansi Keuangan                              a.   Pillars of Financial Accounting Standards
               Standar ini memberikan persyaratan dan                             These standards provides requirements
               pedoman bagi entitas untuk menerapkan                              and guidelines for entities to apply the
               standar akuntansi keuangan yang benar                              correct financial accounting standards in
               dalam menyusun laporan keuangan                                    preparing general purpose financial
               bertujuan umum. Akan ada 4 (empat)                                 statements. There will be 4 (four) financial
               standar akuntansi keuangan yang saat ini                           accounting standards that are currently
               diterapkan di Indonesia, yaitu:                                    applied in Indonesia, namely:
               1. Pilar 1 Standar Akuntansi Keuangan                              1. Pillar      1   International    Financial
                    Internasional,                                                     Accounting Standards,
               2. Pilar 2 Standar Akuntansi Keuangan                              2. Pillar      2    Indonesian      Financial
                    Indonesia (PSAK),                                                  Accounting Standards (PSAK),
               3. Pilar 3 Standar Akuntansi Keuangan                              3. Pillar      3    Indonesian      Financial
                    Indonesia          untuk        Entitas                            Accounting Standards for Private
                    Swasta/Standar Akuntansi Keuangan                                  Entities/Indonesian            Financial
                    Indonesia     untuk    Entitas  Tanpa                              Accounting Standards for Entities
                    Akuntabilitas Publik, dan                                          without Public Accountability, and
               4. Pilar 4 Standar Akuntansi Keuangan                              4. Pillar      4    Indonesian      Financial
                    Indonesia untuk Entitas Mikro Kecil dan                            Accounting Standards for Micro Small
                    Menengah.                                                          and Medium Entities.
          b.   Standar Akuntansi Keuangan Internasional                      b.   International       Financial        Accounting
                                                                                  Standard
               Standar ini merupakan adopsi penuh dari                            This standard is a full-adoption of
               International Financial Reporting Standards                        International Financial Reporting Standards
               (“IFRS”) yang diterjemahkan kata demi kata                         (“IFRS”) which is translated in a word-for-
               dan tidak ada modifikasi dari Standar IFRS,                        word basis and there is no modifications
               termasuk tanggal efektifnya. Entitas yang                          from IFRS Standards, including the
               memenuhi persyaratan dapat menerapkan                              effective date. Entities that meet the
               standar ini, sejak tanggal efektif.                                requirements can apply this standard, from
                                                                                  the effective date.
          c.   Nomenklatur Standar Akuntansi Keuangan                        c.   Nomenklatur Standar Akuntansi Keuangan
               Standar ini ini mengatur penomoran baru                            This standard regulates the new numbering
               untuk standar akuntansi keuangan yang                              for    financial   accounting     standards
               berlaku di Indonesia yang diterbitkan oleh                         applicable in Indonesia issued by DSAK IAI.
               DSAK IAI.
          d.   Amendemen PSAK        No. 1, ”Penyajian                       d.   Amendment of SFAS No. 1: “Presentation
               Laporan Keuangan” tentang liabilitas jangka                        of Financial Statements” regarding long-
               panjang dengan konvenan. Penerapan                                 term liabilities with the convention. The
               amendemen tersebut berlaku efektif sejak 1                         application of the amendment is effective
               Januari 2024 sesuai dengan perubahan                               from January 1, 2024, in accordance with
               tanggal berlaku efektifnya Amendemen                               the change in the effective date of
               PSAK No. 1 tentang ”Penyajian Laporan                              Amendment of SFAS No. 1 regarding
               Keuangan” terkait ”Klasifikasi Liabilitas                          “Presentation of Financial Statements”
               sebagai Jangka Pendek atau Jangka                                  related to “Classification of Liabilities as
               Panjang” yang sebelumnya berlaku efektif                           Short Term or Long Term” which was
               sejak 1 Januari 2023 menjadi 1 Januari                             previously became effective from January
               2024.                                                              1, 2023, will become January 1, 2024.




                                                              34
Page 486
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)
     b.   Perubahan Kebijakan Akuntansi (lanjutan)                       b.    Changes in Accounting Policy (continued)

          Pada tanggal 1 Januari 2024, terdapat standar                       On January 1, 2024, there were new standards
          baru dan penyesuaian atau amendemen                                 and adjustments or amendments for several
          terhadap beberapa standar yang masih berlaku                        prevailing standards and effective since that
          dan berlaku efektif sejak tanggal tersebut yaitu                    date, as follows: (continued)
          sebagai berikut: (lanjutan)
          e.   Amendemen PSAK No. 73, “Sewa” terkait                          e.    Amendment of SFAS No. 73: “Lease”
               liabilitas sewa dalam jual dan sewa-balik.                           regarding liabilities in sale-and-leaseback
               Amendemen tersebut mengadopsi seluruh                                transactions. The amendment adopts the
               pengaturan dalam Amendemen IFRS 16                                   entire provision in IFRS Amendment 16 on
               tentang “Lease” terkait “Lease Liability in a                        “Lease” regarding “Lease Liability in Sale
               Sale      and    Leaseback”.    Penerapan                            and Leaseback”. Application of this
               amendemen ini dimulai untuk periode                                  amendment commences for the period of
               tahun buku yang dimulai pada atau setelah                            the financial year beginning on or after
               tanggal 1 Januari 2024 dan penerapan                                 January 1, 2024, and early adoption is
               lebih dini diperkenankan.                                            permitted.

          f.   Amandemen PSAK No. 2 “Laporan Arus                             f.    Amendment to PSAK No. 2 “Cash Flow
               Kas” dan Amandemen PSAK No. 60                                       Statement” and Amendment to PSAK No.
               “Instrumen Keuangan: Pengungkapan                                    60 “Financial Instruments: Disclosures
               tentang     Pengaturan Pembiayaan                                    about Supplier Financing Arrangements”.
               Pemasok”.    Penerapan lebih   dini                                  Early application is permitted.
               diperkenankan.

          Implementasi dari standar-standar tersebut                           The implementation of the above standards did
          tidak menghasilkan perubahan substansial                             not result in substantial changes to the Bank’s
          terhadap kebijakan akuntansi Bank dan tidak                          accounting policies and had no material impact
          memiliki dampak yang material terhadap                               to the consolidated financial statements for
          laporan keuangan konsolidasian di tahun                              current or prior financial years.
          berjalan atau tahun sebelumnya.

     c.   Transaksi dengan pihak-pihak berelasi                          c.    Transactions with related parties

          Dalam      menjalankan       usahanya,     Bank                      In the normal course of its business, the Bank
          melakukan transaksi dengan pihak-pihak                               enters into transactions with related parties
          berelasi seperti yang didefinisikan dalam PSAK                       which are defined under SFAS No. 224,
          No. 224 tentang “Pengungkapan Pihak-pihak                            “Related Party Disclosures”.
          Berelasi”.
          Suatu pihak dianggap berelasi dengan Bank                            The Bank considers the following as its related
          jika:                                                                parties:
          a)   Suatu pihak yang secara langsung, atau                          a)    A person who, directly or indirectly through
               tidak langsung yang melalui satu atau lebih                           one or more intermediaries, (i) controls, or
               perantara, suatu pihak (i) mengendalikan,                             is controlled by, or under common control
               atau dikendalikan oleh, atau berada di                                with the Bank; (ii) has significant influence
               bawah pengendalian bersama, dengan                                    over the Bank; or (iii) has joint control over
               Bank; (ii) memiliki pengaruh signifikan atas                          the Bank;
               Bank; atau (iii) memiliki pengendalian
               bersama atas Bank;
          b)   Suatu pihak yang berada dalam kelompok                          b) An entity which is a member of the same
               usaha yang sama dengan Bank;                                       group as the Bank;
          c) Suatu pihak yang merupakan ventura                                c) An entity which is a joint venture of a third
             bersama di mana Bank sebagai venturer;                               party in which the Bank has ventured in;
          d) Suatu pihak adalah anggota dari personil                          d) A member of key management personnel of
             manajemen kunci Bank;                                                the Bank;


                                                               35
Page 487
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR KEBIJAKAN              AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                                 POLICIES (continued)

     c.   Transaksi     dengan      pihak-pihak     berelasi               c.    Transactions         with       related       parties
          (lanjutan)                                                             (continued)
          e)   Suatu pihak adalah anggota keluarga dekat                         e)   A close family member of the person
               dari individu yang diuraikan dalam butir (a)                           described in clause (a) or (d);
               atau (d);
          f)   Suatu pihak adalah suatu program imbalan                          f)   An entity which is a post-employment
               pasca kerja untuk imbalan kerja dari Bank                              benefit plan for the benefit of employees of
               atau entitas terkait Bank;                                             either the Bank or an entity related to the
                                                                                      Bank;
          g)   Suatu pihak adalah entitas yang                                   g)   An entity that is controlled, jointly controlled
               dikendalikan, dikendalikan bersama atau                                or significantly influenced, directly or
               dipengaruhi signifikan oleh beberapa                                   indirectly by the person described in clause
               entitas, langsung maupun tidak langsung,                               (d) or (e).
               individu seperti diuraikan dalam butir (d)
               atau (e).

          Transaksi    dengan    pihak-pihak berelasi                            Transactions with related parties are made on
          dilakukan dengan syarat dan kondisi yang                               the term and conditions agreed by both parties
          disetujui oleh kedua belah pihak dimana                                where such terms may not be the same as
          persyaratan tersebut mungkin tidak sama                                transactions undertaken with third parties. All
          dengan transaksi yang dilakukan dengan pihak                           material transactions and balances with related
          ketiga. Seluruh transaksi dan saldo yang                               parties are disclosed in the relevant notes to the
          material    dengan    pihak-pihak     berelasi                         financial statements and the details have been
          diungkapkan dalam catatan atas laporan                                 presented in Note 44 of the financial
          keuangan yang relevan dan rinciannya telah                             statements. Furthermore, material transactions
          disajikan dalam Catatan 44 atas laporan                                and balances between the Bank and the
          keuangan. Selanjutnya, saldo dan transaksi                             Government of the Republic of Indonesia (RI)
          yang material antara Bank dan Pemerintah                               and other entities related to the Bank are also
          Negara Republik Indonesia (RI) dan entitas lain                        disclosed in Note 44.
          yang berelasi dengan Bank diungkapkan juga
          pada Catatan 44.

     d.   Aset keuangan dan liabilitas keuangan                            d.    Financial assets and liabilities

          Aset keuangan Bank terdiri dari kas, giro pada                        The Bank’s financial assets consist of cash,
          Bank Indonesia, giro pada bank lain,                                  current accounts with Bank Indonesia, current
          penempatan pada Bank Indonesia dan bank                               accounts with other banks, placements with
          lain, efek-efek, obligasi Pemerintah, efek-efek                       Bank Indonesia and other banks, securities,
          yang dibeli dengan janji dijual kembali, tagihan                      government bonds, securities purchased under
          derivatif, tagihan akseptasi, penyertaan saham,                       agreement to resell, derivatives receivable,
          kredit yang diberikan dan pembiayaan/piutang                          acceptance receivable, investment in shares,
          syariah, bunga yang masih akan diterima dan                           loans and sharia financing/receivables, interest
          aset lain-lain (tagihan kepada pihak ketiga).                         receivable and other assets (third party
                                                                                receivables).

          Liabilitas keuangan Bank terdiri dari liabilitas                       The Bank’s financial liabilities consist of
          segera, simpanan dari nasabah, simpanan dari                           liabilities due immediately, deposits from
          bank lain, surat-surat berharga yang diterbitkan,                      customers, deposits from other banks,
          liabilitas derivatif, liabilitas akseptasi, pinjaman                   securities    issued,    derivatives    payable,
          yang diterima, pinjaman subordinasi, efek-efek                         acceptance      payable,    fund     borrowings,
          yang dijual dengan janji dibeli kembali, bunga                         subordinated loan, securities sold under
          yang masih harus dibayar dan liabilitas lain-lain                      repurchase agreements, interest payable and
          (setoran      jaminan        dan    dana     jaminan                   other liabilities (guarantee deposits and
          pengembang).                                                           developers’ security deposits).




                                                                 36
Page 488
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG          2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                         d.    Financial assets and liabilities (continued)
          (lanjutan)

          (i) Klasifikasi                                                    (i) Classification
             Bank mengklasifikasikan aset keuangan                               The Bank classified its financial assets in
             berdasarkan kategori sebagai berikut pada                           the following categories on initial
             saat pengakuan awal:                                                recognition:
                    Aset keuangan yang diukur pada nilai                               Financial assets held at fair value
                     wajar melalui laba rugi;                                            through profit or loss (FVTPL);
                    Aset keuangan yang diukur pada biaya                               Financial assets held at amortized cost;
                     perolehan diamortisasi;
                    Aset keuangan yang diukur pada nilai                               Financial assets held at fair value
                     wajar melalui penghasilan komprehensif                              through other comprehensive income
                     lain (FVTOCI).                                                      (FVTOCI).

             Aset keuangan diklasifikasikan menjadi                              Financial assets are classified into these
             kategori tersebut di atas berdasarkan model                         categories based on the business model
             bisnis dimana aset keuangan tersebut                                within which they are held, and their
             dimiliki, dan karakteristik arus kas                                contractual cash flow characteristics.
             kontraktualnya.

             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.


             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 principal
             hanya dari pembayaran pokok dan bunga                               and interest from the outstanding principal
             dari jumlah pokok terutang (Solely Payment                          (Solely Payment of Principal and Interest or
             of Principal and Interest atau Pass SPPI)                           Pass SPPI) that is consistent with basic
             yang konsisten       dengan pengaturan                              lending agreement. In making the
             pinjaman dasar (Basic Lending Agreement).                           assessment, the Bank considers:
             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;                                             Prepayment;
                     Ketentuan kontrak tidak sah dan de                                 Non-genuine features and de minimis.
                      minimis




                                                              37
Page 489
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR KEBIJAKAN                  AKUNTANSI   YANG            2.   SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                                POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                           d.    Financial assets and liabilities (continued)
          (lanjutan)

          (i)   Klasifikasi (lanjutan)                                          (i) Classification (continued)

                 Aset keuangan diukur pada biaya                                     Financial assets are measured at
                 perolehan amortisasi 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
                terpenuhi:                                                          are met:
                 Aset keuangan yang dikelola untuk                                  Financial assets are managed to collect
                    mendapatkan arus kas kontraktual dan                                the contractual cash flows and sell the
                    menjual aset keuangan; dan                                          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).

                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 amortisasi                               measured at amortized cost or fair value
                atau nilai wajar melalui penghasilan                                 through other comprehensive income.
                komprehensif lain.

          (ii) Pengakuan awal                                                   (ii) Initial recognition

                 a.   Pembelian atau penjualan aset                                  a.   Purchases or sales of financial assets
                      keuangan       yang     memerlukan                                  that require delivery of assets within a
                      penyerahan aset dalam kurun waktu                                   time frame established by regulation
                      yang telah ditetapkan oleh peraturan                                or convention in the marketplace
                      dan kebiasaan yang berlaku di pasar                                 (regular    way      purchases)      are
                      (pembelian secara reguler) diakui                                   recognized on the settlement date.
                      pada tanggal penyelesaian.

                 b. Aset keuangan dan liabilitas keuangan                            b.   Financial assets and liabilities are
                    pada awalnya diukur pada nilai                                        initially recognised at fair value. For
                    wajarnya. Dalam hal aset keuangan                                     those financial assets or financial
                    atau liabilitas keuangan tidak diukur                                 liabilities not measured at fair value
                    pada nilai wajar melalui laba rugi. Nilai                             through profit or loss. The fair value
                    wajar tersebut ditambah/dikurangkan                                   includes        directly    attributable
                    biaya       transaksi   yang      dapat                               transaction costs. The subsequent
                    diatribusikan      secara    langsung.                                measurement of financial assets and
                    Pengukuran aset keuangan dan                                          liabilities    depends      on      their
                    liabilitas keuangan setelah pengakuan                                 classification.
                    awal tergantung pada klasifikasinya.


                                                                38
Page 490
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                        d.    Financial assets and liabilities (continued)
          (lanjutan)
          (ii) Pengakuan awal (lanjutan)                                     (ii) Initial recognition (continued)

              Biaya transaksi hanya meliputi biaya-biaya                          Transaction costs only include costs that
              yang dapat diatribusikan secara langsung                            are directly attributable to the acquisition
              untuk perolehan suatu aset keuangan atau                            of a financial asset or issuance of a
              penerbitan suatu liabilitas keuangan dan                            financial liability and an additional charge
              merupakan biaya tambahan yang tidak                                 that would not occur if the instrument is
              akan terjadi apabila instrumen keuangan                             not acquired or issued. For financial
              tersebut tidak diperoleh atau diterbitkan.                          assets, transaction costs are added to the
              Untuk aset keuangan, biaya transaksi                                amount recognized in the initial
              ditambahkan pada jumlah yang diakui                                 recognition of the asset, while for financial
              pada awal pengakuan aset, sedangkan                                 liabilities, transaction costs are deducted
              untuk liabilitas keuangan, biaya transaksi                          from the amount of debt recognized on
              dikurangkan dari jumlah utang yang diakui                           initial recognition of a liability.
              pada pengakuan awal liabilitas.

              Biaya transaksi tersebut diamortisasi                               The transaction costs are amortized over
              selama umur instrumen berdasarkan                                   the terms of the instrument based on the
              metode suku bunga efektif dan dicatat                               effective interest rate method and
              sebagai bagian dari pendapatan bunga                                recorded as part of interest income for
              untuk biaya transaksi sehubungan dengan                             transaction costs related to the financial
              aset keuangan atau sebagai bagian dari                              asset or as part of interest expense for
              beban bunga untuk biaya transaksi                                   transaction costs related to financial
              sehubungan dengan liabilitas keuangan.                              liabilities.
              Bank, pada pengakuan awal, dapat                                    The Bank, upon initial recognition, may
              menetapkan aset keuangan dan liabilitas                             designate certain financial assets and
              keuangan tertentu sebagai nilai wajar                               liabilities, at fair value through profit or
              melalui laba rugi (opsi nilai wajar). Opsi                          loss (fair value option). The fair value
              nilai wajar dapat digunakan hanya bila                              option is only applied when the following
              memenuhi ketetapan sebagai berikut:                                 conditions are met:
                 Penetapan sebagai opsi nilai wajar                                 The determination of the fair value
                  mengurangi      atau    mengeliminasi                               option reduces or eliminates an
                  ketidak-konsistenan pengukuran dan                                  accounting mismatch that would
                  pengakuan (accounting mismatch)                                     otherwise arise; or
                  yang dapat timbul; atau
                 Aset keuangan dan liabilitas keuangan                            The financial assets and liabilities are
                  merupakan bagian dari portofolio                                  part of a portfolio of financial
                  instrumen keuangan yang risikonya                                 instruments, the risks of which are
                  dikelola dan dilaporkan kepada                                    managed and reported to key
                  manajemen kunci berdasarkan nilai                                 management on a fair value basis; or
                  wajar; atau
                 Aset keuangan dan liabilitas keuangan                              The financial assets and liabilities
                  terdiri dari kontrak utama dan derivatif                            consist of a host contract and an
                  melekat yang harus dipisahkan.                                      embedded derivative that must be
                                                                                      bifurcated.




                                                             39
Page 491
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.    SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                        d.    Financial assets and liabilities (continued)
          (lanjutan)
          (ii) Pengakuan awal (lanjutan)                                     (ii) Initial recognition (continued)
              Opsi nilai wajar digunakan untuk kredit                              The fair value option is applied to certain
              yang diberikan dan piutang tertentu yang                             loans and receivables that are hedged
              dilindung nilai menggunakan credit                                   with credit derivatives or interest rate spot,
              derivatives atau spot suku bunga, namun                              but does not meet the criteria for hedge
              tidak memenuhi kriteria untuk akuntansi                              accounting. Otherwise, the loans would
              lindung nilai. Jika tidak, kredit yang                               be recorded at amortized cost, while the
              diberikan akan dicatat menggunakan                                   derivatives are measured at fair value
              biaya perolehan diamortisasi dan derivatif                           through profit or loss.
              akan diukur menggunakan nilai wajar
              melalui laba rugi.
              Opsi nilai wajar juga digunakan untuk                                The fair value option is also applied to
              dana investasi yang merupakan bagian                                 investment funds that are part of a
              dari portofolio yang dikelola dengan basis                           portfolio managed on a fair value basis.
              nilai wajar. Opsi nilai wajar juga digunakan                         Furthermore, the fair value option is
              untuk structured investment termasuk                                 applied to structured investments that
              derivatif melekat.                                                   include embedded derivatives.

          (iii) Pengukuran setelah pengakuan awal                           (iii) Subsequent measurement

              Aset keuangan dalam kelompok nilai wajar                             Fair value through other comprehensive
              melalui penghasilan komprehensif lain dan                            income financial assets and financial
              aset keuangan dan liabilitas keuangan                                assets and liabilities measured at fair
              yang diukur pada nilai wajar melalui laba                            value through profit or loss are
              rugi diukur pada nilai wajarnya.                                     subsequently measured at fair value.
              Aset dan liabilitas keuangan lainnya yang                            Assets and other financial liabilities which
              diukur pada biaya perolehan amortisasi,                              are measured at amortized cost, are
              diukur pada biaya perolehan amortisasi                               measured at amortized cost using the
              dengan menggunakan metode suku bunga                                 effective interest method.
              efektif.
          (iv) Penghentian pengakuan                                        (iv) Derecognition

              a.   Aset     keuangan           dihentikan                         a.   Financial assets are derecognized
                   pengakuannya jika:                                                  when:

                   -   Hak kontraktual atas arus kas yang                              -   The contractual rights to receive
                       berasal dari aset keuangan                                          cash flows from the financial assets
                       tersebut berakhir; atau                                             have expired; or




                                                             40
Page 492
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                          d.    Financial assets and liabilities (continued)
          (lanjutan)

          (iv) Penghentian pengakuan (lanjutan)                               (iv) Derecognition (continued)

                  -   Bank telah mentransfer hak-nya                                    -   The Bank has transferred its rights
                      untuk menerima arus kas yang                                          to receive cash flows arising from
                      berasal dari aset keuangan atau                                       the financial assets or has assumed
                      menanggung        liabilitas    untuk                                 an obligation to pay the cash flows
                      membayarkan arus kas yang                                             in full without significant delay to a
                      diterima tersebut secara penuh                                        third party under a ‘pass-through
                      tanpa penundaan berarti kepada                                        arrangement’; and either (a) the
                      pihak ketiga di bawah kesepakatan                                     Bank has transferred substantially
                      pelepasan             (pass-through                                   all the risks and rewards of the
                      arrangement); dan antara (a) Bank                                     asset, or (b) the Bank has neither
                      telah      mentransfer         secara                                 transferred        nor        retained
                      substansial seluruh risiko dan                                        substantially all the risks and
                      manfaat atas aset, atau (b) Bank                                      rewards of the asset, but has
                      tidak mentransfer maupun tidak                                        transferred the control of the asset.
                      memiliki     secara        substansial
                      seluruh risiko dan manfaat atas
                      aset, namun telah mentransfer
                      pengendalian atas aset.

                      Ketika Bank telah mentransfer hak                                      When the Bank has transferred its
                      untuk menerima arus kas dari aset                                      rights to receive cash flows from an
                      atau telah memasuki pass through                                       asset or has entered into a pass-
                      arrangement dan tidak mentransfer                                      through arrangement and has
                      serta     tidak  mempertahankan                                        neither transferred nor retained
                      secara substansial seluruh risiko                                      substantially all the risks and
                      dan manfaat atas aset atau tidak                                       rewards of the asset nor
                      mentransfer kendali atas aset, aset                                    transferred control of the asset, the
                      diakui sebesar keterlibatan Bank                                       asset is recognized to the extent of
                      yang berkelanjutan atas aset                                           the Bank’s continuing involvement
                      tersebut.                                                              in the asset.

                  Kredit yang diberikan atau aset                                        Loans or other financial assets are
                  keuangan lain dihapusbukukan ketika                                    written off when there is no realistic
                  tidak terdapat prospek yang realistis                                  prospect of collection in the near
                  mengenai pengembalian kredit dalam                                     future or the normal relationship
                  waktu dekat atau hubungan normal                                       between the Bank and the borrowers
                  antara Bank dan debitur telah                                          has ceased to exist. When a loan is
                  berakhir. Kredit yang tidak dapat                                      deemed uncollectible, it is written off
                  dilunasi, dihapusbukukan dengan                                        against the related allowance for
                  mendebit       cadangan       kerugian                                 impairment       losses.    Subsequent
                  penurunan       nilai.    Penerimaan                                   recoveries from loans previously
                  kemudian atas kredit yang telah                                        written off, are added to the allowance
                  dihapusbukukan sebelumnya, jika                                        for impairment losses account in the
                  pada periode berjalan dikreditkan ke                                   statement of financial position, if
                  dalam akun cadangan kerugian                                           recovered in the current year and are
                  penurunan nilai atas kredit yang                                       recognized in the statement of profit or
                  diberikan di laporan posisi keuangan,                                  loss and comprehensive income as
                  sedangkan jika setelah tanggal                                         other operating income, if recovered
                  laporan posisi keuangan dikreditkan                                    after the statement of financial
                  sebagai pendapatan operasional                                         position dates.
                  lainnya dalam laporan laba rugi dan
                  penghasilan komprehensif lain.


                                                               41
Page 493
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                                POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                           d.    Financial assets and liabilities (continued)
          (lanjutan)

          (iv) Penghentian pengakuan (lanjutan)                                (iv) Derecognition (continued)

              b.   Liabilitas   keuangan         dihentikan                          b. Financial liabilities are derecognized
                   pengakuannya jika liabilitas keuangan                                when they are extinguished, i.e.,
                   tersebut berakhir, yaitu ketika liabilitas                           liabilities stated in the contract are
                   yang ditetapkan dalam kontrak                                        discharged, cancelled or expired.
                   dilepaskan atau dibatalkan atau
                   kadaluwarsa.

                   Jika suatu liabilitas keuangan yang                                    Where an existing financial liability is
                   ada digantikan dengan yang lain oleh                                   replaced by another from the same
                   pemberi pinjaman yang sama pada                                        lender on substantially different terms,
                   keadaan yang secara substansial                                        or the terms of an existing liability are
                   berbeda, atau berdasarkan suatu                                        substantially modified, such an
                   liabilitas yang ada yang secara                                        exchange or modification is treated as
                   substansial telah diubah, seperti                                      derecognition of the original liability
                   pertukaran atau modifikasi yang                                        and the recognition of a new liability,
                   diperlakukan sebagai penghentian                                       and the difference in the respective
                   pengakuan     liabilitas  awal   dan                                   carrying amounts is recognised in the
                   pengakuan      liabilitas baru   dan                                   statement of profit or loss and other
                   perbedaan nilai tercatat masing-                                       comprehensive income.
                   masing diakui dalam laporan laba rugi
                   dan penghasilan komprehensif lain.

          (v) Modifikasi atas Arus Kas Aset Keuangan                           (v) Modifications to Cash Flow of Financial
                                                                                   Assets
              Penilaian apakah suatu aset keuangan                                  An assessment of whether a financial asset
              telah dimodifikasi baik secara substansial                            has been modified substantially or not
              maupun tidak substansial dilakukan oleh                               substantially is carried out by a business
              unit bisnis yang berwenang melakukan                                  unit authorized to modify or restructure
              modifikasi atau restrukturisasi aset                                  financial assets when the business unit
              keuangan pada saat unit bisnis tersebut                               carries out modification or restructuring of
              melakukan tindakan modifikasi atau                                    a financial asset.
              restrukturisasi atas suatu aset keuangan.

              Modifikasi aset keuangan dianggap                                     Modifications to financial assets are
              substansial dan Bank akan berhenti                                    considered substantial and the Bank will
              mengakui aset keuangan awal ketika:                                   stop recognizing the original financial
                                                                                    assets when:
              a. Aset keuangan (atau bagiannya)                                      a.   The financial asset (or part thereof)
                 berakhir, yaitu jika debitur secara                                      expires, that is, if the debtor is legally
                 hukum dibebaskan dari tanggung                                           released from primary responsibility
                 jawab utama atas aset tersebut (atau                                     for the asset (or part thereof), either
                 bagiannya), baik melalui proses hukum                                    through legal process or by the
                 maupun oleh kreditur pembuatan                                           creditor entering into a new credit
                 kontrak kredit baru (sebagai contoh,                                     contract (for example, the equity
                 opsi equity conversion); atau                                            conversion option); or




                                                                42
Page 494
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                      ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                         d.    Financial assets and liabilities (continued)
          (lanjutan)

          (v) Modifikasi atas Arus Kas Aset Keuangan                         (v) Modifications to Cash Flow of Financial
              (lanjutan)                                                         Assets (continued)
              b. Terdapat konversi mata uang.                                      b. Currency conversion.
              Bank kemudian akan mengukur aset                                      The bank will then measure the modified
              keuangan yang telah dimodifikasi baik                                 financial assets either substantially or not
              secara    substansial    maupun  tidak                                substantially in the following manner:
              substansial dengan cara berikut:

              a. Modifikasi Aset Keuangan yang                                      a. Substantial Modification of Financial
                 Substansial:                                                          Assets:
                 1. Saat arus kas kontraktual atas aset                                1. When the contractual cash flows
                    keuangan       direnegosiasi      atau                                 on a financial asset are
                    dimodifikasi (antara lain ketika kredit                                renegotiated or modified (for
                    direstrukturisasi)             dimana                                  example, when a credit is
                    renegosiasi atau modifikasi tersebut                                   restructured)      where      the
                    menghasilkan             penghentian                                   renegotiation or modification
                    pengakuan aset keuangan, Bank                                          results in derecognition of the
                    akan mencatat aset keuangan                                            financial asset, the Bank will
                    tersebut sebagai aset keuangan                                         record the financial asset as a
                    baru/modifikasian pada tanggal                                         new/modified financial asset at
                    modifikasi/negosiasi.                                                  the      modification/negotiation
                                                                                           date.

                 2. Selisih jumlah tercatat bruto aset                                2.        The difference between the gross
                    keuangan awal dengan nilai wajar                                            carrying amount of the original
                    aset modifikasian diakui di laba rugi.                                      financial asset and the fair value of
                                                                                                the modified asset is recognized in
                                                                                                profit or loss.

                 3. Pendapatan atau biaya transaksi                                   3.        Income or costs incurred in
                    yang terjadi sehubungan dengan                                              connection with a modification
                    kejadian modifikasi diakui sebagai                                          event are recognized as part of the
                    bagian dari keuntungan atau                                                 gain or loss on the modification.
                    kerugian atas modifikasi tersebut.

                 4. Selanjutnya,    Bank   melakukan                                       4.    Subsequently,       the      Bank
                    penilaian apakah aset keuangan                                               assesses         whether        the
                    baru/modifikasian merupakan aset                                             new/modified financial assets
                    yang berasal dari aset keuangan                                              are those that arise from
                    memburuk.                                                                    deteriorating financial assets.

                 5. Pengakuan pendapatan bunga atas                                        5.    Recognition of interest income
                    aset yang berasal dari aset                                                  on assets originating from
                    keuangan memburuk ditentukan                                                 deteriorating financial assets is
                    berdasarkan suku bunga efektif                                               determined based on the risk-
                    yang telah disesuaikan dengan                                                adjusted effective interest rate to
                    risiko kredit (risk-adjusted effective                                       discount the cash flows of
                    interest rate) untuk mendiskontokan                                          modified financial assets.
                    arus kas aset keuangan yang telah
                    dimodifikasi.




                                                              43
Page 495
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                       d.    Financial assets and liabilities (continued)
          (lanjutan)
          (v) Modifikasi atas Arus Kas Aset Keuangan                       (v) Modifications to Cash Flow of Financial
              (lanjutan)                                                       Assets (continued)
             a. Modifikasi Aset Keuangan yang Tidak                              a. Non-Substantial          Modification       of
                Substansial:                                                        Financial Assets:
                1. Saat Bank melakukan renegosiasi                                    1. When the Bank renegotiates or
                   atau modifikasi arus kas kontraktual                                  modifies contractual cash flows for
                   atas aset keuangan (antara lain                                       financial assets (among others
                   ketika kredit direstrukturisasi) yang                                 when credit is restructured) that do
                   tidak memenuhi kriteria modifikasi                                    not meet the criteria for substantial
                   aset keuangan yang substansial di                                     modification of financial assets
                   atas, maka renegosiasi atau                                           above, the renegotiation or
                   modifikasi        tersebut       tidak                                modification does not result in
                   menghasilkan             penghentian                                  derecognition of financial assets.
                   pengakuan aset keuangan.
                2. Jumlah tercatat bruto aset keuangan                              2.    The gross carrying amount of
                   dihitung sebesar nilai kini (net                                       financial assets is computed at the
                   present value) dari arus kas                                           net present value of modified or
                   kontraktual yang telah dimodifikasi                                    renegotiated contractual cash
                   atau        direnegosiasi        yang                                  flows discounted at the original
                   didiskontokan menggunakan suku                                         effective interest rate.
                   bunga efektif awal.
                3. Bank       kemudian         mengakui                             3.    The Bank then recognizes the gain
                   keuntungan atau kerugian dari                                          or loss from the modification (i.e.
                   modifikasi (yaitu sebesar perubahan                                    the change in the gross carrying
                   jumlah tercatat bruto aset keuangan)                                   amount of the financial asset) in
                   dalam laporan laba rugi.                                               the profit or loss.
                4. Pendapatan atau biaya transaksi                                  4.    Transaction income or costs
                   yang terjadi sehubungan dengan                                         incurred in connection with a
                   kejadian modifikasi diakui sebagai                                     modification event are recognized
                   penyesuaian       terhadap     jumlah                                  as an adjustment to the carrying
                   tercatat aset keuangan yang telah                                      amount of the modified financial
                   dimodifikasi     dan     diamortisasi                                  asset and amortized over the
                   selama sisa jangka waktu aset                                          remaining term of the modified
                   keuangan modifikasian tersebut                                         financial asset.




                                                            44
Page 496
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                       d.    Financial assets and liabilities (continued)
          (lanjutan)

          (vi) Pengakuan pendapatan dan beban                              (vi) Income and expense recognition

             a.   Pendapatan dan beban bunga atas                                a.   Interest income and expense on
                  aset keuangan yang diukur pada nilai                                financial assets measured at fair value
                  wajar        melalui       penghasilan                              through other comprehensive income
                  komprehensif lain serta aset keuangan                               as well as financial assets and
                  dan liabilitas keuangan yang dicatat                                financial    liabilities recorded at
                  berdasarkan       biaya      perolehan                              amortized cost are recognized in the
                  diamortisasi, diakui pada laporan laba                              statement of profit or loss using the
                  rugi dengan menggunakan metode                                      effective interest method.
                  suku bunga efektif.

                  Jumlah tercatat bruto aset keuangan                                 The gross carrying amount of a
                  adalah biaya perolehan diamortisasi                                 financial asset is the amortized cost of
                  aset keuangan sebelum disesuaikan                                   a financial asset before adjusting for
                  dengan cadangan penurunan nilai.                                    allowance for impairment.

                  Dalam menghitung pendapatan dan                                     In calculating interest income and
                  beban bunga, tingkat bunga efektif                                  expenses, the effective interest rate is
                  diterapkan pada jumlah tercatat bruto                               applied to the gross carrying amount
                  aset (ketika aset tersebut bukan aset                               of an asset (when the asset is not a
                  keuangan memburuk) atau terhadap                                    deteriorated financial asset) or to the
                  biaya perolehan diamortisasi dari                                   amortized cost of a liability.
                  liabilitas.

                  Untuk aset keuangan yang memburuk                                   For financial assets that deteriorated
                  setelah pengakuan awal, pendapatan                                  after initial recognition, interest income
                  bunga dihitung dengan menerapkan                                    is calculated by applying an effective
                  tingkat bunga efektif terhadap biaya                                interest rate to the amortized cost of
                  perolehan diamortisasi dari aset                                    the financial assets. If the asset no
                  keuangan tersebut. Jika aset tersebut                               longer deteriorates, the calculation of
                  tidak    lagi     memburuk,     maka                                interest income will be calculated by
                  perhitungan pendapatan bunga akan                                   applying an effective interest rate to
                  dihitung dengan menerapkan tingkat                                  the gross carrying amount of the
                  bunga efektif terhadap nilai tercatat                               financial asset.
                  bruto dari aset keuangan tersebut.

                  Untuk aset keuangan yang telah                                      For financial assets that have
                  memburuk pada saat pengakuan                                        deteriorated at initial recognition,
                  awal, pendapatan bunga dihitung                                     interest income is calculated by
                  dengan menerapkan tingkat bunga                                     applying the effective interest rate to
                  efektif terhadap biaya perolehan                                    the amortized cost of the financial
                  diamortisasi dari aset keuangan                                     assets. If the asset no longer
                  tersebut. Jika aset tersebut tidak lagi                             deteriorates, the calculation of interest
                  memburuk,       maka      perhitungan                               income will still be calculated by
                  pendapatan bunga akan tetap dihitung                                applying the effective interest rate to
                  dengan menerapkan tingkat bunga                                     the amortized cost of the financial
                  efektif terhadap biaya perolehan                                    asset.
                  diamortisasi dari aset keuangan
                  tersebut.




                                                            45
Page 497
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                          d.    Financial assets and liabilities (continued)
          (lanjutan)
          (vi) Pengakuan     pendapatan      dan     beban                    (vi) Income      and       expense        recognition
               (lanjutan)                                                          (continued)
              b.   Keuntungan dan kerugian atas aset                                b.   Gain and losses on financial assets
                   keuangan (yaitu: instrumen utang                                      (which is debt instrument hold by
                   yang dimiliki oleh Bank) yang diukur                                  Bank) measured at fair value through
                   pada nilai wajar melalui penghasilan                                  other      comprehensive        income
                   komprehensif lain (FVTOCI) diakui                                     (FVTOCI) are recognized at other
                   dalam penghasilan komprehensif lain,                                  comprehensive        income,     except
                   kecuali untuk kerugian penurunan                                      losses on impairment, until those
                   nilai, sampai aset keuangan tersebut                                  financial instrument derecognized,
                   dihentikan               pengakuannya,                                unrealized gain and losses record on
                   keuntungan atau kerugian kumulatif                                    other      comprehensive        income
                   yang telah diakui sebelumnya dalam                                    reclassified from equity to profit and
                   penghasilan       komprehensif       lain                             loss as reclassification adjustment.
                   direklasifikasi dari ekuitas ke laba rugi
                   sebagai penyesuaian reklasifikasi.
                   Keuntungan dan kerugian atas aset                                     Gain and losses on financial assets or
                   keuangan atau liabilitas keuangan                                     financial liabilities measured at fair
                   yang diukur pada nilai wajar melalui                                  value through profit or loss (FVTPL)
                   laba rugi (FVTPL) diakui dalam                                        are recognized at statement of profit
                   laporan laba rugi, kecuali:                                           or loss, except:
                       Bagian dari hubungan lindung                                         Part of a hedging relationship;
                        nilai;
                       Investasi     dalam      instrumen                                    Investments           in     equity
                        ekuitas dan Bank telah memilih                                         instruments and the Bank has
                        untuk menyajikan keuntungan                                            chosen to present gains and
                        dan kerugian atas investasi                                            losses on investment in other
                        dalam                  penghasilan                                     comprehensive income;
                        komprehensif lain;                                                    Financial liabilities determined to
                       Liabilitas     keuangan        yang                                    be measured at fair value
                        ditetapkan untuk diukur pada                                           through profit or loss and the
                        nilai wajar melalui laba rugi dan                                      Bank is required to present the
                        Bank       disyaratkan        untuk                                    impact of changes in credit risk
                        menyajikan       dampak         dari                                   liabilities in other comprehensive
                        perubahan risiko kredit liabilitas                                     income;
                        dalam                  penghasilan                                    Financial assets measured at fair
                        komprehensif lain;                                                     value           through       other
                       Aset keuangan yang diukur pada                                         comprehensive income and the
                        nilai wajar melalui penghasilan                                        Bank is required to recognize
                        komprehensif lain dan Bank                                             some changes in fair value in the
                        disyaratkan untuk mengakui                                             other comprehensive income.
                        sebagian perubahan nilai wajar
                        dalam                  penghasilan
                        komprehensif lain.




                                                               46
Page 498
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG         2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                       d.    Financial assets and liabilities (continued)
          (lanjutan)

          (vi) Pengakuan     pendapatan       dan   beban                  (vi) Income     and        expense        recognition
               (lanjutan)                                                       (continued)

               Keuntungan atau kerugian atas aset                                Gain or losses on financial assets
               keuangan yang diukur pada biaya                                   measured at amortized cost and not part
               perolehan amortisasi dan bukan                                    of a hedging relationship are recognized in
               merupakan bagian dari suatu hubungan                              the statement of profit or loss when the
               lindung nilai diakui pada laporan laba                            financial assets are derecognized,
               rugi ketika aset keuangan dihentikan                              reclassified, through the amortization
               pengakuannya, direklasifikasi, melalui                            process or in order to recognize
               proses amortisasi atau dalam rangka                               impairment gains or losses.
               mengakui keuntungan atau kerugian
               penurunan nilai.

               Keuntungan atau kerugian dari liabilitas                           Gain or losses on liabilities instrument
               keuangan yang diukur pada biaya                                    measured at amortized cost and not part
               perolehan amortisasi dan bukan                                     of a hedging relationship are recognized in
               merupakan bagian dari suatu hubungan                               the statement of profit or loss when
               lindung nilai diakui dalam laporan laba                            liabilities instrument are derecognized and
               rugi ketika liabilitas keuangan dihentikan                         through amortization processed.
               pengakuannya dan melalui proses
               amortisasi.

          (vii) Reklasifikasi aset keuangan                                (vii) Reclassification of financial assets

               Reklasifikasi      aset       keuangan                             Reclassification of financial assets is
               diperbolehkan jika dan hanya jika terjadi                          permissible when and only when there is
               perubahan dalam model bisnis untuk                                 change in business model for managing
               mengelola aset keuangan.                                           financial assets.

               Jika Bank mereklasifikasi aset keuangan                            If the Bank reclassifies financial assets in
               sesuai dengan ketentuan di atas, Bank                              accordance with the above conditions, the
               menerapkan      reklasifikasi      secara                          Bank applies prospective reclassification
               prospektif dari tanggal reklasifikasi.                             from the date of reclassification. The Bank
               Bank    tidak   menyajikan        kembali                          does not restate gains, losses (including
               keuntungan,     kerugian       (termasuk                           impairment gains or losses), or previously
               keuntungan atau kerugian penurunan                                 recognized interest.
               nilai), atau bunga yang diakui
               sebelumnya.

               Reklasifikasi aset keuangan dari                                   Reclassifications of financial assets from
               klasifikasi biaya perolehan yang                                   amortized cost classifications to fair value
               diamortisasi ke klasifikasi nilai wajar                            through profit or loss are recorded at fair
               melalui laba rugi dicatat sebesar nilai                            value. The difference between the
               wajarnya. Selisih antara nilai tercatat                            recorded value and fair value is
               dengan nilai wajar diakui sebagai                                  recognized in profit or loss on the
               keuntungan atau kerugian pada laba                                 statement of profit or loss and other
               rugi.                                                              comprehensive income.




                                                            47
Page 499
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                         d.    Financial assets and liabilities (continued)
          (lanjutan)

          (vii) Reklasifikasi aset keuangan (lanjutan)                       (vii) Reclassification      of    financial     assets
                                                                                   (continued)

              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 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.

              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 is adjusted
              dan disesuaikan terhadap nilai wajar.                                against 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 kelompok                            Reclassification of financial assets from
              dimiliki hingga jatuh tempo ke kelompok                              held-to-maturity    to   available-for-sale
              tersedia untuk dijual dicatat sebesar nilai                          category is recorded at fair value.
              wajarnya. Keuntungan atau kerugian yang                              Unrealized gains or losses are reported in
              belum direalisasi tetap dilaporkan dalam                             equity and are amortized using effective
              ekuitas dan diamortisasi menggunakan                                 interest method over the remaining life of
              metode suku bunga efektif selama sisa                                the financial assets.
              umur aset keuangan tersebut.

          (viii) Saling hapus                                                (viii) Offsetting

              Aset keuangan dan liabilitas keuangan                                Financial assets and liabilities are offset
              dilakukan saling hapus dan nilai bersihnya                           and the net amount is presented in the
              disajikan dalam laporan posisi keuangan                              statement of financial position when, and
              jika, dan hanya jika Bank memiliki hak yang                          only when, the Bank has a legal right to
              berkekuatan hukum untuk melakukan                                    offset the amounts and intends either to
              saling hapus atas jumlah yang telah diakui                           settle on a net basis or to realize the asset
              tersebut dan adanya maksud untuk                                     and settle the liability simultaneously.
              menyelesaikan secara neto atau untuk
              merealisasikan aset dan menyelesaikan
              liabilitasnya secara simultan.




                                                              48
Page 500
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI      YANG            2.   SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                         d.   Financial assets and liabilities (continued)
          (lanjutan)

          (viii) Saling hapus (lanjutan)                                     (viii) Offsetting (continued)

              Hal yang berkekuatan hukum harus tidak                               The legally enforceable right must not be,
              kontinjen atas peristiwa di masa depan dan                           contingent on future events and must be
              harus dapat dipaksakan di dalam situasi                              enforceable in the normal course of
              bisnis yang normal, peristiwa kegagalan                              business and in the event of default,
              atau kebangkrutan dari entitas atas seluruh                          insolvency or bankruptcy of the company
              pihak lawan.                                                         or the counterparty.

              Pendapatan dan beban disajikan dalam                                 Income and expenses are presented on a
              jumlah neto hanya jika diperkenankan oleh                            net basis only when permitted by the
              Standar Akuntansi Keuangan.                                          Financial Accounting Standards.

          (ix) Pengukuran nilai wajar                                        (ix) Fair value measurement

              Nilai wajar adalah harga yang akan                                   Fair value is the price that would be
              diterima untuk menjual suatu aset atau                               received to sell an asset or paid to transfer
              harga    yang      akan    dibayar   untuk                           a liability in an orderly transaction between
              mengalihkan suatu liabilitas dalam                                   market participants at the measurement
              transaksi teratur antara pelaku pasar pada                           date.
              tanggal pengukuran.

              Pengukuran nilai wajar mengasumsikan                                 Fair value measurement assumes the
              bahwa transaksi untuk menjual aset atau                              transaction to sell assets or transfer
              mengalihkan liabilitas terjadi:                                      liabilities occurs:
              -  Di pasar utama untuk aset dan                                       - In the primary market for such assets
                 liabilitas tersebut; atau                                              and liabilities; or
              -  Jika tidak terdapat pasar utama,                                    - If there is no primary market, in the
                 dipasar yang paling menguntungkan                                      most profitable market for these
                 untuk aset atau liabilitas tersebut.                                   assets or liabilities.

              Nilai wajar suatu aset atau liabilitas diukur                        The fair value of an asset or liability is
              menggunakan       asumsi      yang      akan                         measured using the assumptions that
              digunakan      pelaku      pasar       ketika                        would be use by market participants in
              menentukan harga aset dan liabilitas                                 determining the price of the asset and the
              tersebut dengan asumsi bahwa pelaku                                  liability assuming that market participants
              pasar bertindak dalam kepentingan                                    act in their best economic interests.
              ekonomik terbaiknya.

              Pengukuran nilai wajar aset non keuangan                             The measurement of the fair value of non-
              memperhitungkan kemampuan pelaku                                     financial assets takes into account the
              pasar untuk menghasilkan manfaat                                     ability of market participants to generate
              ekonomik dengan menggunakan aset                                     economic benefits by using the asset in
              dalam     penggunaan      tertinggi  dan                             the highest and best use or by selling them
              terbaiknya atau dengan menjualnya                                    to other market participants that would use
              kepada pelaku pasar lain yang akan                                   the asset in the highest and best use.
              menggunakan aset tersebut dalam
              penggunaan tertinggi dan terbaiknya.




                                                              49
Page 501
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                         d.    Financial assets and liabilities (continued)
          (lanjutan)

          (ix) Pengukuran nilai wajar (lanjutan)                             (ix) Fair value measurement (continued)

              Bank menggunakan teknik penilaian yang                               Bank uses suitable valuation techniques in
              sesuai dalam keadaan dan dimana data                                 the circumstances and where sufficient
              yang memadai tersedia untuk mengukur                                 data are available to measure fair value,
              nilai wajar, mengoptimalkan penggunaan                               optimizing the use of relevant observable
              input yang dapat diobservasi yang relevan                            inputs and minimize the use of inputs that
              dan meminimalkan penggunaan input yang                               are not observable.
              tidak dapat diobservasi.

              Semua aset dan liabilitas dimana nilai                               All assets and liabilities which fair value is
              wajar diukur atau diungkapkan dalam                                  measured or disclosed in the financial
              laporan keuangan dapat dikategorikan                                 statements can be classified in fair value
              pada level hirarki nilai wajar, berdasarkan                          hierarchy levels, based on the lowest level
              tingkatan input terendah yang signifikan                             of input that is significant to the overall fair
              atas pengukuran nilai wajar secara                                   value measurement:
              keseluruhan:

              -    Tingkat 1 : harga kuotasian (tanpa                              -   Level 1 : quoted prices (unadjusted) in
                   penyesuaian) di pasar aktif untuk aset                              active markets for identical assets or
                   atau liabilitas yang identik yang dapat                             liabilities which are accessible at the
                   diakses pada tanggal pengukuran.                                    measurement date.

              -    Tingkat 2 : input selain harga                                  -   Level 2 : inputs other than quoted
                   kuotasian yang termasuk dalam level                                 prices included in level 1 that are
                   1 yang dapat diobservasi untuk aset                                 observable for the assets and liabilities,
                   dan liabilitas, baik secara langsung                                either directly or indirectly.
                   atau tidak langsung.

              -    Tingkat 3 : input yang tidak dapat                              -   Level 3 : inputs that are not observable
                   diobservasi untuk aset dan liabilitas.                              for the assets and liabilities.

              Untuk aset dan liabilitas yang diakui pada                           For assets and liabilities that are
              laporan keuangan secara berulang, Bank                               recognized in the financial statements on
              menentukan apakah terjadi transfer antara                            recurring basis, the Bank determines
              level di dalam hirarki dengan cara                                   whether there is a transfer between levels
              mengevaluasi kategori (berdasarkan input                             in the hierarchy by evaluating categories
              level terendah yang signifikan dalam                                 (based on the lowest level input that is
              pengukuran nilai wajar) setiap akhir                                 significant to the fair value measurement)
              periode pelaporan.                                                   at the end of each reporting period.

              Bank, untuk tujuan pengungkapan nilai                                The Bank, for purposes of disclosing the
              wajar, telah menentukan kelas aset dan                               fair value, has determined the classes of
              liabilitas berdasarkan sifat, karakteristik,                         assets and liabilities based on the nature,
              risiko aset dan liabilitas, dan level hirarki                        characteristics, risk of assets and liabilities,
              nilai wajar (Catatan 46).                                            and the fair value hierarchy levels
                                                                                   (Note 46).




                                                              50
Page 502
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                        d.    Financial assets and liabilities (continued)
          (lanjutan)

          (x) Pengukuran biaya perolehan diamortisasi                       (x) Amortized cost measurement

              Biaya perolehan diamortisasi dari aset                              The amortized cost of a financial asset or
              keuangan atau liabilitas keuangan adalah                            liability is the amount at which the financial
              jumlah aset keuangan atau liabilitas                                asset or liability is measured at initial
              keuangan yang diukur pada saat                                      recognition, minus principal repayments,
              pengakuan awal dikurangi pembayaran                                 plus or minus the cumulative amortization
              pokok pinjaman, ditambah atau dikurangi                             using the effective interest method of any
              amortisasi kumulatif menggunakan metode                             difference between the initial amount
              suku bunga efektif yang dihitung dari                               recognized and the maturity amount,
              selisih antara nilai pengakuan awal dan                             minus any reduction for impairment.
              nilai jatuh temponya, dan dikurangi
              penurunan nilai.

          (xi) Aset keuangan sukuk                                           (xi) Sukuk Financial Asset

              Berdasarkan PSAK No.410 (Revisi 2015),                               In accordance with SFAS No.410
              Bank menentukan investasi pada sukuk                                 (Revised 2015), the Bank determines the
              ijarah dan mudharabah sebagai diukur                                 classification of investments in sukuk
              pada biaya perolehan, diukur pada nilai                              ijarah and mudharabah either measured
              wajar melalui penghasilan komprehensif                               at cost, fair value through other
              lain atau diukur pada nilai wajar melalui                            comprehensive income or fair value
              laba rugi.                                                           through profit or loss.

              Klasifikasi sukuk adalah sebagai berikut:                            Sukuk classifications are as follows:

              a.   Diukur pada biaya perolehan                                    a.   Measured at cost
                      Investasi tersebut dimiliki dalam                                The investment is held in a
                       suatu     model     usaha     yang                                business model whereby the
                       bertujuan       utama         untuk                               primary goal is to obtain
                       memperoleh arus kas kontraktual                                   contractual cash flows and has
                       dan      terdapat      persyaratan                                contractual terms in determining
                       kontraktual dalam menentukan                                      the specific date of principal
                       tanggal tertentu atas pembayaran                                  payments and or the results.
                       pokok dan atau hasilnya.
                      Biaya perolehan sukuk termasuk                                     Sukuk acquisition cost includes
                       biaya transaksi, dan selisih antara                                 transaction cost, and difference
                       biaya perolehan dan nilai nominal                                   between the acquisition cost and
                       diamortisasi secara garis lurus                                     the nominal value is amortized on
                       selama jangka waktu sukuk dan                                       a straight-line basis over the period
                       diakui dalam laba rugi.                                             of the sukuk and recognized to
                                                                                           profit or loss.




                                                             51
Page 503
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     d.   Aset keuangan dan liabilitas keuangan                          d.    Financial assets and liabilities (continued)
          (lanjutan)

          (xi) Aset keuangan sukuk (lanjutan)                                  (xi) Sukuk Financial Asset (continued)

              Klasifikasi sukuk adalah sebagai berikut:                              Sukuk classifications are as follows:
              (lanjutan)                                                             (continued)

              b.   Diukur pada nilai wajar melalui                                  b. Measured at fair value through other
                   penghasilan komprehensif lain                                       comprehensive income

                      Investasi tersebut dimiliki dalam                                    The investment is held in a
                       suatu    model     usaha      yang                                    business model whereby the
                       bertujuan       utama         untuk                                   primary goal is to obtain
                       memperoleh arus kas kontraktual                                       contractual cash flows and sell
                       dan melakukan penjualan sukuk,                                        sukuk, has contractual terms in
                       terdapat persyaratan kontraktual                                      determining the specific date of
                       dalam     menentukan        tanggal                                   principal payments and or the
                       tertentu atas pembayaran pokok                                        results.
                       dan atau hasilnya.
                      Biaya perolehan sukuk termasuk                                      Sukuk acquisition cost includes
                       biaya transaksi, dan selisih antara                                  transaction cost, and difference
                       biaya perolehan dan nilai nominal                                    between the acquisition cost and
                       diamortisasi secara garis lurus                                      the nominal value is amortized on
                       selama jangka waktu sukuk dan                                        a straight-line basis over the period
                       diakui dalam laba rugi.                                              of the sukuk and recognized to
                                                                                            profit or loss.
                      Keuntungan atau kerugian dari                                      Gain or loss from changes of fair
                       perubahan nilai wajar diakui                                        value is recognized in other
                       dalam penghasilan komprehensif                                      comprehensive         income      after
                       lain setelah memperhitungkan                                        considering unamortized difference
                       saldo selisih biaya perolehan dan                                   of acquisition cost and nominal
                       nilai    nominal      yang    belum                                 value and accumulated gain or loss
                       diamortisasi dan saldo akumulasi                                    of fair value which has previously
                       keuntungan atau kerugian nilai                                      recognized in other comprehensive
                       wajar yang telah diakui dalam                                       income.        When       sukuk      is
                       penghasilan komprehensif lain                                       derecognized, accumulated gain or
                       sebelumnya. Ketika investasi                                        loss      which    has      previously
                       sukuk dihentikan pengakuannya,                                      recognized in other comprehensive
                       akumulasi       keuntungan      atau                                income is reclassified to profit or
                       kerugian yang sebelumnya diakui                                     loss.
                       dalam penghasilan komprehensif
                       lain direklasifikasi ke laba rugi.

              c.   Diukur pada nilai wajar melalui laba                             c.   Measured at fair value through profit
                   rugi                                                                  or loss

                   Biaya perolehan sukuk tidak termasuk                                  Sukuk acquisition cost excludes
                   biaya transaksi, dan selisih antara nilai                             transaction cost and the difference
                   wajar dan jumlah tercatat diakui dalam                                between fair value and the carrying
                   laba rugi.                                                            value is recognized in profit or loss.




                                                               52
Page 504
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                       e.    Allowance for         impairment        losses     on
          aset keuangan                                                      financial assets

          Pada setiap tanggal pelaporan, Bank                                At reporting date, the Bank calculates expected
          menghitung kerugian kredit ekspektasian                            credit loss based on estimated 12 months. If
          berdasarkan estimasi 12 bulan. Jika terjadi                        there is a significant increase in credit risk since
          kenaikan risiko kredit yang signifikan sejak                       initial recognition, the estimated expected credit
          pengakuan awal maka estimasi kerugian kredit                       loss will be calculated throughout the life of the
          ekspektasian akan dihitung sepanjang umur                          contract.
          kontrak.

          Kerugian kredit ekspektasian merupakan                            Expected credit losses are estimated weighted
          estimasi probabilitas tertimbang dari kerugian                    probabilities of credit losses (is the present
          kredit (yaitu nilai kini dari seluruh kekurangan                  value of all cash shortages) over the estimated
          kas) selama perkiraan umur instrumen                              life of the financial instrument. Cash shortages
          keuangan. Kekurangan kas adalah selisih                           are the difference between the cash flows owed
          antara arus kas yang terutang kepada Bank                         to the Bank in accordance with the contract and
          sesuai dengan kontrak dan arus kas yang                           the cash flows that are expected to be received
          diperkirakan akan diterima oleh Bank.                             by the Bank.

          Bank menetapkan definisi peningkatan risiko                       The Bank has determined the definition of a
          kredit instrumen keuangan secara signifikan                       significant increase in credit risk of financial
          sejak pengakuan awal sebagai berikut:                             instruments since initial recognition as follows:
               Sesuai dengan praduga (rebuttable                                 In    accordance      with    presumption
                presumption) PSAK 109, yaitu ketika                               (rebuttable presumption) SFAS 109, i.e.
                pembayaran kontraktual tertunggak lebih                           when contractual payments are overdue
                dari 30 hari; atau                                                for more than 30 days; or
               Ketika    terjadi   restrukturisasi aset                         When there is a restructuring of financial
                keuangan       yang   disebabkan    oleh                          assets caused by increased credit risk.
                peningkatan risiko kredit.

          Bank menerapkan definisi gagal bayar (stage                       The Bank applies a definition of default (stage
          3) yang konsisten dengan definisi yang                            3) that is consistent with the definition used for
          digunakan untuk tujuan manajemen risiko                           internal credit risk management for relevant
          kredit internal untuk instrumen keuangan yang                     financial instruments, namely:
          relevan, yaitu:
               Ketika     instrumen   keuangan telah                            When financial instruments are in 90 days
                menunggak 90 hari; atau                                           in arrears; or
               Telah berada pada kolektibilitas BI 3, 4,                        Is in BI collectibility 3, 4, or 5.
                atau 5.




                                                             53
Page 505
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                         e.    Allowance for impairment                losses     on
          aset keuangan (lanjutan)                                             financial assets (continued)

          Bank mengelompokkan aset keuangan dibeli                            The Bank classifies purchased or originated
          dari aset keuangan memburuk apabila:                                credit-impaired financial asset if:
               Hilangnya pasar aktif dari aset keuangan;                         Loss of an active market from financial
                dan                                                                assets; and
               Pembelian dengan diskon sangat besar.                             Purchases with very large discounts.

          Bank mengelompokkan aset keuangan berasal                           The Bank classifies financial assets derived
          dari aset keuangan memburuk apabila:                                from deteriorat financial assets if:
               Pihak peminjam dinyatakan pailit;                               The borrower is declared bankrupt;
               Terdapat     perubahan      dari    bentuk                      There is a change in the form of provision
                penyediaan dana, atau                                             of funds, or
               Debitur telah berada pada stage 3 dan                           The debtor is at stage 3 and meets one of
                memenuhi salah satu kondisi berikut:                              the following conditions:
                 Telah dilakukan restrukturisasi secara                              Repeated restructuring and significant
                   berulang-ulang        dan         terjadi                           breach of contract; or
                   pelanggaran        kontrak       secara
                   signifikan; atau
                 Atas restrukturisasi yang terjadi,                                    For the restructuring that occurs, there
                   terdapat selisih negatif lebih dari 20%                               is a negative difference of more than
                   atas nilai kini arus kas masa depan                                   20% of the present value of future
                   (yang didiskontokan menggunakan                                       cash flows (discounted using the initial
                   suku bunga efektif awal) antara                                       effective interest rate) between the
                   persyaratan awal dan persyaratan                                      initial terms and the terms of the
                   restrukturisasi.                                                      restructuring.

          Bank melakukan penurunan nilai secara                               The Bank is impaired individually or collectively
          individu      atau      kolektif     dengan                         by considering all reasonable and supported
          mempertimbangkan semua informasi yang                               information,   including    forward      looking
          wajar dan terdukung, termasuk informasi yang                        information.
          bersifat perkiraan masa depan (forward-
          looking).

          Perhitungan cadangan kerugian penurunan                             Calculation of allowance for impairment losses
          nilai atas aset keuangan yang dinilai secara                        on financial assets assessed collectively is
          kolektif, berdasarkan pada karakteristik risiko                     grouped based on similar credit risk
          kredit yang sama dengan mempertimbangkan                            characteristics and taking into account the loan
          segmentasi kredit berdasarkan permodelan                            segmentation based on future loss model
          kerugian masa depan.

          Bank menggunakan metode statistik, credit                           The Bank uses statistical method, credit rating
          rating dan perkiraan makroekonomi untuk                             and macroeconomy forecast to assess
          menilai cadangan kerugian penurunan nilai                           allowance for impairment losses on loans.
          atas kredit yang diberikan.




                                                               54
Page 506
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                         e.    Allowance for impairment                losses     on
          aset keuangan (lanjutan)                                             financial assets (continued)
     e.1. Kredit yang diberikan dan pembiayaan/piutang                   e.1. Loans and murabahah financing receivables
          murabahah
          Bank dapat menetapkan debitur untuk                                 Bank may assign debtors to be evaluated
          dievaluasi secara individual apabila memenuhi                       individually if they meet at least one of the
          minimal salah satu kriteria sebagai berikut:                        following criteria:
          Kredit Konsumer:                                                    Consumer Credit:
          1. Akun yang memenuhi kriteria sebagai                               1. Accounts that meet the following criteria:
             berikut:
             a. Akun yang default (bucket 5) atau                                 a. Account that defaults (bucket 5) or
                  restrukturisasi; dan                                                restructured; and
             b. Memiliki pokok di atas atau sama dengan                           b. Has a principal of more than or equal to
                  Rp4 miliar                                                          Rp4 billion
          2. Mengalami bencana alam yang ditentukan                            2. Experienced a natural disaster as
             oleh Otoritas Jasa Keuangan ataupun                                  determined by the Financial Services
             instansi pemerintah dan disetujui Direksi.                           Authority or government agency and
                                                                                  approved by the Board of Directors.
          3. Kualitas kredit kolektibilitas 5 di atas                          3. Credit quality collectibility of 5 over 5 (five)
             5 (lima) tahun (minimal DPD 2006 hari)                               years (minimum DPD 2006 days) with the
             dengan kriteria tidak ada sertifikat atau belum                      criteria of no certificate or perfect binding
             dilakukan pengikatan sempurna (HT) kecuali                           (HT) except for program credit (SKMHT)
             kredit program (SKMHT)
          4. Hasil lelang dibawah kewajiban pokok                              4. The auction proceeds under the principal
                                                                                  obligation
          5. Terkait pemasalahan hukum dengan                                  5. In relation to legal issues with indications,
             indikasi, antara lain:                                               among others:
             a. Sengketa agunan; atau                                             a. Collateral dispute ; or
             b. Sengketa lahan.                                                   b. Land dispute.
             Dimana salah satu dari 2 (dua) sengketa                              Where one of the 2 (two) disputes a binding
             tersebut sudah terbit ketetapan hukum                                legal provision has been issued and causes
             mengikat dan menimbulkan kerugian bagi                               losses to the Bank.
             Bank.
          6. Debitur minimal masuk bucket 4 dan terdapat                       6. Debtors are at least in bucket 4 and there
             minimal 2 (dua) permasalahan sebagai                                 are at least 2 (two) problems as follows:
             berikut:
             a. Tempat bekerja debitur atau usaha debitur                         a. The debtor's place of work or the
                  mengalami kebangkrutan                                             debtor's business is bankrupt
             b. Debitur terkena PHK                                               b. The debtor is laid off
             c. Sertifikat belum terbit selama minimal 36                         c. The certificate has not been issued for
                  bulan sejak akad kredit                                            at least 36 months since the credit
                                                                                     agreement
            d. Rumah yang menjadi agunan tidak selesai                            d. The house that became the collateral
                 atau terbengkalai                                                   was not finished or was abandoned
            e. Pembayaran angsuran dilakukan oleh                                 e. Installment payments are made by a
                 pihak ketiga yang tidak terafiliasi oleh                            third party that is not affiliated with the
                 debitur                                                             debtor
            f. Debitur sudah mengalami restrukturisasi                            f. The debtor has undergone restructuring
                 minimal 2 (dua) kali.                                               at least 2 (two) times.
            g. Debitur mengalami permasalahan hukum                               g. The debtor is experiencing legal
            h. Klaim asuransi terkait kredit ditolak/ tidak                          problems
                 dibayar oleh asuradur.                                           h. Insurance claims related to credit
                                                                                     rejected/not paid by the insurer.



                                                               55
Page 507
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                        e.    Allowance for impairment                losses     on
          aset keuangan (lanjutan)                                            financial assets (continued)

     e.1. Kredit yang diberikan dan pembiayaan/piutang                  e.1. Loans and murabahah financing receivables
          murabahah (lanjutan)                                               (continued)

          Kredit Komersial:                                                  Commercial Credit:

          1.   Akun yang memenuhi kriteria sebagai                            1. Accounts that meet the following criteria:
               berikut:
               a. Akun yang default (bucket 5) atau                              a. Account that defaults (bucket 5) or
                    restrukturisasi; dan                                             restructured; and
               b. Memiliki pokok di atas atau sama                               b. Has a principal of more than or equal to
                    dengan Rp30 miliar                                               Rp30 billion
          2.   Mengalami bencana alam yang ditentukan                         2. Experienced a natural disaster as
               oleh Otoritas Jasa Keuangan ataupun                               determined by the Financial Services
               instansi pemerintah dan disetujui Direksi.                        Authority or government agency and
                                                                                 approved by the Board of Directors.
          3.   Kualitas kredit kolektibilitas 5 di atas                       3. Credit quality collectibility of 5 over 5 (five)
               5 (lima) tahun (minimal DPD 2006 hari)                            years (minimum DPD 2006 days) with the
               dengan kriteria tidak ada sertifikat atau                         criteria of no certificate or perfect binding
               belum dilakukan pengikatan sempurna                               (HT) except for program credit (SKMHT)
               (HT) kecuali kredit program (SKMHT)
          4.   Hasil lelang dibawah kewajiban pokok                           4. The auction proceeds under the principal
                                                                                 obligation
          5.   Terkait pemasalahan hukum dengan                               5. In relation to legal issues with indications,
               indikasi, antara lain:                                            among others:
               a. Sengketa pengurus,                                             a. Collateral dispute ; or
               b. Sengketa agunan,                                               b. Collateral dispute,
               c. Sengketa lahan,                                                c. Land dispute,
               d. Sengketa proyek,                                               d. Project dispute
               Dimana salah satu dari 4 (empat) sengketa                         Where one of the 4 (four) disputes has
               tersebut sudah terbit ketetapan hukum                             issued a binding legal provision and/or
               mengikat dan menimbulkan kerugian bagi                            causes losses to the bank.
               bank.
          6.   Dalam      hal penetapan kolektibilitas                        6. In the case of collectability using the 3
               menggunakan konsep 3 (tiga) pilar maka                            (three) pillar concept, the individual
               kriteria individual assessment dapat                              assessment criteria can be determined with
               ditetapkan dengan kriteria: minimal masuk                         the following criteria: at least entering bucket
               bucket 4 (hari tunggakan 61 hari) dan                             4 (days arrears 61 days) and there are at
               terdapat minimal 2 (dua) dari 3 (tiga)                            least 2 (two) out of 3 (three) problems as
               permasalahan sebagai berikut:                                     follows:
               a. Permasalahan           prospek      usaha                      a. Problems with decreased business
                      menurun dengan indikasi antara lain:                            prospects with indications include:
                     i.   Tidak terdapat pembayaran                                    i. There is no principal payment in
                          pokok sesuai dengan ketentuan                                   accordance with the provisions
                          dan atau kesepakatan yang telah                                 and/or agreements that have been
                          dibuat, atau                                                    made, or
                    ii.   Pembangunan berhenti lebih                                  ii. Construction has stopped for more
                          dari 1 (satu) tahun, dan/atau                                   than 1 (one) year, and/ or
                   iii.   Tidak terdapat penjualan lebih                             iii. There are no sales for more than 1
                          dari 1 (satu) tahun.                                            (one) year




                                                              56
Page 508
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                        e.    Allowance for impairment                losses     on
          aset keuangan (lanjutan)                                            financial assets (continued)

     e.1. Kredit yang diberikan dan pembiayaan/piutang                  e.1. Loans and murabahah financing receivables
          murabahah (lanjutan)                                               (continued)

           Kredit Komersial: (lanjutan)                                      Commercial Credit: (continued)

              b.   Permasalahan         agunan     dengan                          b. Collateral problems by meeting one of
                    memenuhi salah satu indikasi/ kriteria                            the following indications/criteria:
                    sebagai berikut:
                     i. Sertifikat agunan belum atas                                    i.   The collateral certificate is not yet
                        nama debitur atau pengurus yang                                      in the name of the debtor or
                        tidak      dapat    diikat     Hak                                   management that cannot be bound
                        Tanggungan;                                                          by the Mortgage;
                    ii. Sertifikat agunan belum dilakukan                              ii.   Collateral certificate has not been
                        pengikatan Hak Tanggungan                                            bound by the Mortgage Rights
                        12 bulan sejak akad kredit dan                                       12 months since the credit
                        status default;                                                      agreement and default status;
                   iii. Sertifikat tidak memiliki alas                                iii.   The certificate has no legal basis
                        hukum         untuk      dilakukan                                   for transfer to the buyer;
                        pengalihan kepada pembeli;
                   iv. Agunan belum terbit sertifikat;                                iv.The collateral has not been issued
                                                                                         a certificate;
                   v. Agunan tidak terbangun 100%                                    v. Collateral is not built 100%
                      khusus kredit investasi;                                           specifically for investment credit;
              c.   Permasalahan            kemampuan                             c. The problem of ability to pay has
                   membayar mengalami penurunan                                     decreased

          Perhitungan komponen PD, LGD, dan EAD                              The computation of PD, LGD, and EAD
          yang dilakukan secara kolektif pada setiap                         components carried out collectively in each
          segmentasi kredit mempertimbangkan data                            credit segmentation takes into account
          historis, saat ini dan masa yang akan datang.                      historical, current and future data.

          Perhitungan cadangan kerugian penurunan                            Calculation of allowance for impairment losses
          nilai atas aset keuangan yang dinilai secara                       on financial assets assessed collectively
          kolektif berdasarkan karakteristik risiko kredit                   grouped based on similar credit risk
          yang sama dengan mempertimbangkan                                  characteristics and taking into account the loan
          segmentasi kredit berdasarkan pengalaman                           segmentation based on historical loss
          kerugian masa lalu dan kemungkinan terjadinya                      experience and the possibility of failure
          kegagalan (probability of default). Aset                           (probability of default). Financial assets are
          keuangan          dikelompokan      berdasarkan                    grouped on the basis of similar credit risk
          karakteristik risiko kredit yang sama antara lain                  characteristics by considering the credit
          dengan mempertimbangkan segmentasi kredit                          segmentation and past due status of the
          dan tunggakan debitur.                                             debtors, among others.




                                                              57
Page 509
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI      YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                           POLICIES (continued)

     e.   Cadangan kerugian penurunan nilai atas                     e.    Allowance for impairment                losses     on
          aset keuangan (lanjutan)                                         financial assets (continued)

     e.1. Kredit yang diberikan dan pembiayaan/piutang               e.1. Loans and murabahah financing receivables
          murabahah (lanjutan)                                            (continued)

          Bank perlu mempertimbangkan informasi masa                      Bank needs to consider past, present and future
          lalu, masa sekarang dan masa depan dalam                        information in calculating the probability of
          menghitung kemungkinan kejadian gagal                           default. Therefore, the calculation of PD is
          bayar. Oleh karena itu, perhitungan PD                          carried out in the following stages:
          dilakukan dengan tahapan sebagai berikut:
           a. Perhitungan PD secara historis (PD TTC)                      a.   Historical PD calculation (PD TTC)
           b. Perhitungan PD forward-looking; dan                          b.   forward-looking PD calculation; and
           c. Perhitungan PD Point in time (PiT) melalui                   c.   Calculation of PD Point in time (PiT)
               proses scaling                                                   through a scaling process

          LGD merupakan estimasi kerugian atas debitur                    LGD is an estimated loss for a debtor by
          dengan menghitung recovery yang didapatkan                      calculating the recovery obtained after the
          setelah debitur tersebut default. LGD                           debtor defaults. LGD is calculated as 100%
          diperhitungkan sebesar 100% dikurangi tingkat                   minus the rate of return (recovery rate), LGD
          pengembalian (recovery rate), perhitungan                       calculation is carried out in the following stages:
          LGD dilakukan dengan tahapan sebagai
          berikut:
          a. Perhitungan LGD secara historis (LGD                         a.    Historical LGD calculation (LGD TTC);
              TTC);
          b. Perhitungan LGD Point in Time (LGD PiT)                      b.    Calculation of LGD Point in Time (LGD
              dengan mempertimbangkan informasi                                 PiT) by considering forward looking
              forward looking.                                                  information.

          Dalam membuat estimasi recoverable amount                       The Bank uses the fair value of collateral as the
          (estimasi jumlah yang dapat diperoleh                           basis for future cash flow if one of the following
          kembali), Bank dapat menggunakan metode                         conditions is met:
          berikut ini:
          a. Discounted Cash Flow                                         a.    Discounted Cash Flow
              Bank melakukan perhitungan berdasarkan                            The Bank performs calculations based on
              jumlah yang telah didiskonto (discounted                          the discounted amount (discounted value)
              value) dari estimasi arus kas masa datang                         of future cash flows (principal and interest)
              (pokok dan bunga) yang didiskonto                                 discounted based on the Effective Interest
              berdasarkan Suku Bunga Efektif dari setiap                        Rate of each loan.
              kredit.
          b. Expected Collateral                                          b.    Expected Collateral
              Bank melakukan perhitungan berdasarkan                            The Bank calculates earthquakes which
              estimasi penjualan agunan yang dilakukan                          are calculated based on the analysis
              dengan mempertimbangkan nilai wajar dan                           carried out by considering the fair value
              jangka waktu estimasi penjualan agunan di                         and the estimated future sales period. The
              masa depan. Hasil perhitungan akan                                calculation results will be discounted
              didiskontokan berdasarkan Suku Bunga                              based on the Effective Interest Rate of
              Efektif dari setiap kredit.                                       each loan.
          c. Metode lainnya yang berdasarkan analisis                     c.    Other methods based on the Bank's
              Bank lebih sesuai dan tidak bertentangan                          analysis are more appropriate and do not
              dengan ketentuan Regulator.                                       conflict with the Regulators' provisions.




                                                           58
Page 510
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI      YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                          POLICIES (continued)
      e. Cadangan kerugian penurunan nilai atas                      e. Allowance for impairment                  losses     on
         aset keuangan (lanjutan)                                       financial assets (continued)
     e.1. Kredit yang diberikan dan pembiayaan/piutang              e.1. Loans and murabahah financing receivables
          murabahah (lanjutan)                                           (continued)
         Sesuai dengan PSAK No. 402, “Akuntansi                           In accordance with SFAS No. 402, “Accounting
         Murabahah”     dan     Pedoman      Akuntansi                    for Murabahah” and Indonesia Sharia Banking
         Perbankan Syariah Indonesia (PAPSI) Revisi                       Accounting Guidelines (PAPSI Revised 2013),
         2013), Bank menghitung CKPN untuk piutang                        the Bank calculates individual allowance for
         murabahah sesuai dengan ketentuan di ISAK                        impairment losses for murabahah receivable in
         No. 402, “Penurunan Nilai Piutang Murabahah”.                    accordance with IFAS No. 402 “Impairment of
                                                                          Murabahah Receivables”.
     e.2. Pembiayaan/piutang syariah selain murabahah               e.2. Sharia financing/receivables            other     than
                                                                         murabahah
         Untuk aset keuangan berupa piutang istishna,                    For financial assets of istishna receivables,
         pinjaman qardh, pembiayaan mudharabah, dan                      funds of qardh, mudharabah financing, and
         pembiayaan musyarakah, Bank menerapkan                          musyarakah financing, the Bank implements
         Peraturan Otoritas Jasa Keuangan (POJK)                         POJK No.02/POJK.03/2022 dated January 31,
         No.02/POJK.03/2022 tanggal 31 Januari 2022                      2022 regarding “Asset Quality Ratings for
         tentang ”Penilaian Kualitas Aset Bank Umum                      Sharia Bank and Sharia Business Unit".
         Syariah dan Unit Usaha Syariah”.
         Cadangan kerugian minimum yang harus                            The minimum allowance to be provided in
         dibentuk sesuai dengan Peraturan Bank                           accordance with Bank Indonesia Regulation is
         Indonesia adalah sebagai berikut:                               as follows:

         a.   1% dari aset produktif yang digolongkan                    a. 1% of earning assets classified as Current,
              Lancar, di luar penempatan pada Bank                          excluding placements with Bank Indonesia,
              Indonesia, obligasi pemerintah, instrumen                     government bonds, other debt instruments
              hutang lain yang diterbitkan oleh                             issued by the Government of the Republic of
              Pemerintah Republik Indonesia dan aktiva                      Indonesia and earning assets secured by
              produktif yang dijamin dengan agunan                          cash collateral;
              tunai;
         b.   5% dari aset produktif yang digolongkan                    b. 5% of earning assets classified as Special
              Dalam Perhatian Khusus setelah dikurangi                      Mention, net of deductible collateral;
              agunan;
         c.   15% dari aset produktif yang digolongkan                   c. 15% of earning assets classified as Sub-
              Kurang Lancar setelah dikurangi agunan;                       standard, net of deductible collateral;
         d.   50% dari aset produktif yang digolongkan                   d. 50% of earning assets classified as
              Diragukan setelah dikurangi agunan; dan                       Doubtful, net of deductible collateral; and
         e.   100% dari aset produktif yang digolongkan                  e. 100% of earning assets classified as Loss,
              Macet setelah dikurangi agunan.                               net of deductible collateral.

         Kriteria penilaian nilai agunan yang dapat                      The criterias for assessment of the value of
         dikurangkan dalam pembentukan cadangan                          collateral that can be deducted in the calculation
         kerugian penurunan nilai sesuai dengan                          of allowance for impairment losses are based on
         Peraturan Bank Indonesia (OJK).                                 Bank Indonesia Regulations (OJK).




                                                          59
Page 511
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     f.   Giro pada Bank Indonesia dan bank lain                        f.    Current accounts with Bank Indonesia and
                                                                              other banks
          Giro pada Bank Indonesia dan bank lain                              Current accounts with Bank Indonesia and
          dinyatakan      sebesar    biaya     perolehan                      other banks are stated at amortized cost using
          diamortisasi menggunakan metode suku bunga                          the effective interest method less allowance for
          efektif dikurangi cadangan kerugian penurunan                       impairment losses. Current accounts with Bank
          nilai. Giro pada Bank Indonesia dan Bank lain                       Indonesia and other banks are classified as
          diklasifikasikan sebagai biaya perolehan                            amortized cost.
          diamortisasi.
     g.   Penempatan pada Bank Indonesia dan bank                       g.    Placements with Bank Indonesia and other
          lain                                                                banks
          Penempatan pada Bank Indonesia dan bank                             Placements with Bank Indonesia and other
          lain merupakan penanaman dana pada Bank                             banks represent placements of funds in Bank
          Indonesia berupa deposit facility, term deposit                     Indonesia in the form of deposit facility, term
          dan deposit facility syariah, sedangkan                             deposit and sharia deposit facility, whereas
          penempatan pada bank lain berupa deposito                           placement with other banks is in the form of
          berjangka, interbank call money dan tabungan.                       time deposit, interbank call money and savings.
          Penempatan pada Bank Indonesia dan bank                             Placements with Bank Indonesia and other
          lain dinyatakan sebesar biaya perolehan                             banks are stated at amortized cost using the
          diamortisasi menggunakan metode suku bunga                          effective interest method less allowance for
          efektif dikurangi cadangan kerugian penurunan                       impairment losses. Placements with Bank
          nilai. Penempatan pada Bank Indonesia dan                           Indonesia and other banks are classified as
          bank lain diklasifikasikan sebagai biaya                            amortized cost.
          perolehan diamortisasi.
     h.   Efek-efek dan obligasi pemerintah                             h.    Securities and government bonds
          Efek-efek terdiri dari surat berharga yang                         Securities consist of securities traded in the
          diperdagangkan dalam pasar modal dan pasar                         capital market and money market, such as Bank
          uang, antara lain Sertifikat Bank Indonesia                        Indonesia     Certificates  (SBI),    Deposits
          (SBI), Sertifikat Deposito Bank Indonesia                          Certificates of Bank Indonesia (SDBI), bonds,
          (SDBI), obligasi, Negotiable Certificate of                        Negotiable Certificate of Deposit (NCD),
          Deposit (NCD), Medium Term Notes (MTN),                            Medium Term Notes (MTN) mutual funds and
          penyertaan reksadana dan Efek Beragun Aset                         Asset Backed Securities (ABSs).
          (EBA).
          EBA adalah portofolio efek yang terdiri dari aset                  ABSs are securities portfolio consisting of
          keuangan berupa kumpulan tagihan kredit                            financial assets in the form of mortgages loan.
          kepemilikan rumah. EBA terbentuk ketika bank                       ABSs are created when bank sells its loans or
          menjual pinjaman atau utang lainnya kepada                         other debts to an issuer (financial institution)
          penerbit (lembaga keuangan) lalu disusun                           and then arranged in a portfolio in order to
          dalam suatu portofolio untuk dijual kembali                        resale to investors.
          kepada investor.

          Obligasi Pemerintah adalah obligasi yang                           Government bonds are bonds issued by the
          diterbitkan oleh Pemerintah Indonesia.                             Indonesian Government.




                                                              60
Page 512
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)
     h.   Efek-efek dan obligasi pemerintah (lanjutan)                   h.    Securities       and      government          bonds
                                                                               (continued)
          Pengukuran efek-efek dan obligasi Pemerintah                        The      measurement      of     securities  and
          didasarkan atas klasifikasinya sebagai berikut:                     Government bonds are based on the
                                                                              classification of the securities as follows:
          1.   Efek-efek dan obligasi pemerintah yang                         1. Securities and government bonds classified
               diklasifikasikan sebagai biaya perolehan                          as amortized cost are measured at
               yang diamortisasi diukur dengan biaya                             amortized cost using the effective interest
               perolehan yang diamortisasi menggunakan                           method. Interest income is recognized in the
               metode suku bunga efektif. Pendapatan                             statement of profit or loss and other
               bunga diakui dalam laporan laba rugi dan                          comprehensive income using the effective
               penghasilan      komprehensif        lain                         interest method.
               menggunakan metode suku bunga efektif.
          2.   Efek-efek dan obligasi pemerintah yang                         2. Securities and government bonds classified
               diklasifikasikan sebagai nilai wajar melalui                      as fair value through profit or loss (FVTPL)
               laba rugi (FVTPL) diukur dengan                                   are measured using fair value. Unrealized
               menggunakan nilai wajar. Keuntungan atau                          gains or losses resulting from changes in fair
               kerugian yang belum direalisasi akibat                            values are recognized in the statement of
               kenaikan atau penurunan nilai wajarnya                            profit or loss and other comprehensive
               disajikan dalam laporan laba rugi dan                             income. Changes in fair value are
               penghasilan komprehensif lain. Perubahan                          recognized in profit or loss. Upon sale of
               nilai wajar diakui pada laporan laba rugi.                        portfolio of fair value through profit or loss
               Atas penjualan portofolio efek-efek dan                           securities and government bonds, the
               obligasi pemerintah untuk nilai wajar                             difference between the selling price and the
               melalui laba rugi, perbedaan antara harga                         fair value is recognized as a gain or loss in
               jual dengan nilai pasar wajar diakui sebagai                      the year when the securities and
               keuntungan atau kerugian penjualan pada                           government bonds are sold.
               tahun dimana efek-efek dan obligasi
               pemerintah tersebut dijual.
          3.   Efek-efek dan obligasi pemerintah yang                         3. Securities and government bonds classified
               diklasifikasikan sebagai nilai wajar melalui                      as fair value through other comprehensive
               penghasilan komprehensif lain (FVTOCI)                            income (FVTOCI) are measured using fair
               diukur dengan menggunakan nilai wajar.                            value. Interest income is recognized in the
               Pendapatan bunga diakui dalam laporan                             statement of profit or loss and other
               laba rugi dan penghasilan komprehensif                            comprehensive income using the effective
               lain menggunakan metode suku bunga                                interest method. Other fair value changes
               efektif. Perubahan nilai wajar lainnya diakui                     are recognized directly in equity until the
               langsung dalam ekuitas sampai efek-efek                           securities and Government bonds are sold
               dan obligasi pemerintah dijual atau                               or impaired, whereby the cumulative gains
               mengalami penurunan nilai, dimana                                 and losses previously recognized in the
               akumulasi keuntungan dan kerugian yang                            equity are recognized in the statement of
               sebelumnya diakui dalam ekuitas diakui                            profit or loss and other comprehensive
               dalam laporan laba rugi penghasilan                               income.
               komprehensif lain.
     i.   Kredit yang diberikan                                          i.    Loans
           Kredit yang diberikan merupakan penyediaan                         Loans represent the lending of money or
           uang atau tagihan yang dapat disamakan                             equivalent receivables under contracts with
           dengan itu, berdasarkan kesepakatan dengan                         borrowers, where the borrowers are required to
           pihak penerima kredit dan mewajibkan pihak                         repay their debts with interest after a specified
           penerima kredit untuk melunasi setelah jangka                      period of time.
           waktu tertentu dengan imbalan bunga.




                                                               61
Page 513
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     i.   Kredit yang diberikan (lanjutan)                               i.    Loans (continued)

          Kredit yang diberikan (termasuk kredit yang                         Loans (including loans under syndication) are
          diberikan dalam pinjaman sindikasi) pada                            initially measured at fair value plus transaction
          awalnya diukur pada nilai wajar ditambah                            costs that are directly attributable to obtaining
          dengan      biaya   transaksi yang     dapat                        the financial asset. After initial recognition,
          diatribusikan secara langsung dan biaya                             loans are measured at amortized cost using the
          tambahan untuk memperoleh aset keuangan                             effective interest method, net of allowance for
          tersebut. Setelah pengakuan awal kredit yang                        impairment losses.
          diberikan diukur pada biaya perolehan
          amortisasi menggunakan metode suku bunga
          efektif dikurangi dengan cadangan kerugian
          penurunan nilai.
          Kredit yang diberikan diklasifikasikan sebagai                      Loans are classified as amortized costs.
          diukur pada biaya perolehan diamortisasi.

          Kredit yang diberikan dalam pinjaman sindikasi                      Loans under syndication or channelling are
          ataupun penerusan kredit dinyatakan sebesar                         stated at the principal amount equal to the risk
          pokok kredit sesuai dengan porsi risiko yang                        portion assumed by the Bank.
          ditanggung oleh Bank.

          Restrukturisasi kredit                                              Loan restructuring
          Restrukturisasi    kredit   meliputi adanya                         Loan restructuring may involve extending the
          perpanjangan jangka waktu pembayaran dan                            payment arrangements and new loan
          ketentuan kredit yang baru.                                         conditions.

          Kredit yang direstrukturisasi disajikan sebesar                     Restructured loans are stated at the lower of
          nilai yang lebih rendah antara nilai tercatat                       carrying value on the date of restructuring or
          kredit pada tanggal restrukturisasi atau nilai                      value of the future cash receipts after the
          tunai penerimaan kas masa depan setelah                             restructuring. Losses resulting from the
          restrukturisasi. Kerugian akibat selisih antara                     difference between the carrying value on the
          nilai tercatat kredit pada tanggal restrukturisasi                  date of restructuring the present value of future
          dengan nilai tunai penerimaan kas masa depan                        cash receipts after the restructuring is
          setelah restrukturisasi diakui dalam laporan                        recognized in the statement of profit or loss and
          laba rugi dan penghasilan komprehensif lain.                        other comprehensive income. After the
          Setelah restrukturisasi, semua penerimaan kas                       restructuring, all future cash receipts specified
          masa      depan      yang    ditetapkan    dalam                    by the new terms are recorded as a return of
          persyaratan baru dicatat sebagai pengembalian                       principal loans and interest income in
          pokok kredit yang diberikan dan pendapatan                          accordance with the terms of the restructuring.
          bunga       sesuai      dengan      syarat-syarat
          restrukturisasi.
          Penjualan Kredit Pemilikan Rumah (KPR)                              Sales of Housing Loans (KPR)
          Bank telah melakukan penjualan atas KPR                             The Bank sold its KPR to third parties.
          kepada pihak ketiga.

          Atas    penjualan    tersebut,     Bank     telah                   In relation with the above mention sale, the
          memindahkan risiko dan manfaat atas                                 Bank has transferred the risk and rewards of
          kepemilikan KPR kepada pihak lawan. Oleh                            ownership of the KPR to counterparty. Hence,
          karena itu, pada tanggal efektif penjualan, Bank                    at the effective date of the sale, the Bank
          menghentikan pengakuan atas KPR tersebut.                           derecognized the KPR.

          Penjualan tersebut telah memenuhi kriteria jual                     The sale has fulfill the criteria of true sale
          putus seperti yang tertuang dalam Peraturan                         according   to      OJK      regulation    No.
          OJK No.11/POJK.03/2019.                                             11/POJK.03/2019.



                                                               62
Page 514
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.    SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     j.   Pembiayaan/piutang syariah                                   j.    Sharia financing/receivables

          Pembiayaan/piutang         syariah        adalah                  Financing/receivables       based    on    sharia
          penyediaan uang atau tagihan yang dapat                           principles is receivables from providing funds or
          disamakan dengan itu, yang timbul dari                            other similar form of receivables arising from
          transaksi berdasarkan prinsip jual beli dan bagi                  transactions carried out based on sale or
          hasil antara Bank dengan pihak lain selama                        purchase arrangements and profit sharing
          jangka waktu tertentu. Piutang tersebut meliputi                  between Bank and other parties for a certain
          piutang murabahah, piutang istishna dan qardh,                    period of time. Such receivables consist of
          untuk pembiayaan meliputi pembiayaan                              receivables      arising     from     murabahah
          mudharabah dan pembiayaan musyarakah.                             transactions, istishna transactions and qardh
                                                                            transactions, for financing consist            of
                                                                            mudharabah and musyarakah financing.

          Murabahah adalah akad jual beli antara                            Murabahah is a sale and purchase contract
          nasabah dengan Bank, dimana Bank                                  between the customer and Bank, whereby Bank
          membiayai kebutuhan konsumsi, investasi dan                       finances the consumption, investment and
          modal kerja nasabah yang dijual dengan harga                      working capital needs of the customer sold with
          pokok ditambah dengan keuntungan yang                             a principle price plus a certain margin that is
          diketahui dan disepakati bersama. Pembayaran                      mutually informed and agreed. Repayment on
          atas pembiayaan ini dilakukan dengan cara                         this financing is made in installments within a
          mengangsur dalam jangka waktu yang                                specified period.
          ditentukan.

          Piutang murabahah pada awalnya diukur pada                        Murabahah receivables are initially measured at
          nilai wajar ditambah dengan biaya transaksi                       fair value plus direct attributable transaction
          yang dapat diatribusikan secara langsung dan                      costs and is an additional cost to obtain the
          merupakan biaya tambahan untuk memperoleh                         respected financial assets and after the initial
          aset keuangan tersebut dan setelah pengakuan                      recognition are measured at amortized cost
          awal diukur pada biaya perolehan diamortisasi                     using the effective margin method less any
          menggunakan metode marjin efektif dikurangi                       allowance for impairment losses value.
          dengan cadangan kerugian penurunan nilai.

          Mudharabah        merupakan     pembiayaan                        Mudharabah financing is a joint financing made
          kerjasama antara Bank sebagai pemilik dana                        between Bank as the owner of the funds
          (shahibul maal) dengan nasabah sebagai                            (shahibul maal) and the customer as a business
          pelaksana usaha (mudharib) selama jangka                          executor (mudharib) during a certain period.
          waktu tertentu. Pembagian hasil keuntungan                        The profit sharing from the project or the
          dari proyek atau usaha tersebut ditentukan                        business is determined in accordance with the
          sesuai dengan nisbah (pre-determined ratio)                       mutually agreed nisbah (pre-determined ratio).
          yang telah disepakati bersama. Pada tanggal                       On the statement of financial position date,
          laporan    posisi   keuangan,   pembiayaan                        mudharabah financing is stated at the
          mudharabah dinyatakan sebesar saldo                               outstanding financing balance less allowance
          pembiayaan dikurangi dengan saldo cadangan                        for impairment losses which is provided based
          kerugian penurunan nilai yang dibentuk                            on the management’s review of the financing
          berdasarkan hasil reviu oleh manajemen                            quality.
          terhadap kualitas pembiayaan yang ada.




                                                             63
Page 515
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.    SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                               POLICIES (continued)

     j.   Pembiayaan/piutang syariah (lanjutan)                         j.    Sharia financing/receivables (continued)

          Musyarakah adalah akad kerjasama yang                              Musyarakah is a partnership contract among
          terjadi diantara para pemilik modal (mitra                         fund’s owners (musyarakah partners) to
          musyarakah) untuk menggabungkan modal                              contribute funds and conduct a business on a
          dan melakukan usaha secara bersama dalam                           joint basis through partnership with the profit
          suatu kemitraan dengan nisbah pembagian                            sharing based on a predetermined ratio, while
          hasil sesuai dengan kesepakatan, sedangkan                         the losses are borne proportionally based on
          kerugian ditanggung secara proporsional                            the capital contribution. On the statement of
          sesuai dengan kontribusi modal. Pada tanggal                       financial position date, musyarakah financing is
          laporan    posisi    keuangan,   pembiayaan                        stated at the outstanding financing balance less
          musyarakah      dinyatakan   sebesar   saldo                       allowance for impairment losses which is
          pembiayaan dikurangi dengan saldo cadangan                         provided based on the management’s review on
          kerugian penurunan nilai yang dibentuk                             the financing quality.
          berdasarkan hasil reviu oleh manajemen
          terhadap kualitas pembiayaan yang ada.

          Istishna adalah akad penjualan antara al-                          Istishna is a sale and purchase contract
          mustashni (pembeli) dan al-shani (produsen                         between al-mustashni (buyer) and al-shani
          yang juga bertindak sebagai penjual).                              (manufacturer also acting as the seller). Based
          Berdasarkan akad tersebut, pembeli menugasi                        on the contract, the buyer orders the
          produsen untuk membuat atau mengadakan al-                         manufacturer to produce or to supply al-mashnu
          mashnu (barang pesanan) sesuai spesifikasi                         (goods ordered) according to the specifications
          yang diisyaratkan pembeli dan menjualnya                           required by the buyer and to sell them at agreed
          dengan harga yang disepakati. Piutang istishna                     price. Istishna receivables are stated at
          disajikan sebesar tagihan termin kepada                            outstanding billings to final buyer less allowance
          pembeli akhir dikurangi cadangan kerugian                          for impairment losses.
          penurunan nilai.

          Qardh adalah penyediaan dana atau tagihan                          Qardh is the provision of funds or equivalent
          yang dapat dipersamakan dengan itu                                 claims based on agreement between the
          berdasarkan persetujuan atau kesepakatan                           borrower and the lender that requires the
          antara peminjam dan pihak yang meminjamkan                         borrower to repay the debts after a certain
          yang    mewajibkan      peminjam     melunasi                      period of time. Qardh are stated at outstanding
          hutangnya setelah jangka waktu tertentu.                           balance less allowance for impairment losses
          Pinjaman qardh dinyatakan sebesar saldo                            based on the management’s review on the
          pinjaman dikurangi dengan saldo cadangan                           financing quality.
          kerugian penurunan nilai yang dibentuk
          berdasarkan hasil reviu oleh manajemen
          terhadap kualitas pinjaman yang ada.
     k.   Tagihan dan liabilitas akseptasi                              k.    Acceptances receivable and payable
          Tagihan dan liabilitas akseptasi merupakan                          Acceptances receivable and payable represent
          transaksi Surat Kredit Berdokumen Dalam                             Letters of Credit by Local Document (SKBDN)
          Negeri (SKBDN) yang diaksep oleh bank                               transactions that have been accepted by the
          pengaksep (accepting bank).                                         accepting bank.
          Tagihan dan liabilitas akseptasi dinyatakan                        Acceptances receivable and payable are stated
          sebesar biaya perolehan diamortisasi. Tagihan                      at amortized cost. Acceptances receivable are
          akseptasi disajikan setelah dikurangi cadangan                     stated net of allowance for impairment losses.
          kerugian penurunan nilai.

          Tagihan dan liabilitas akseptasi diklasifikasikan                  Acceptances receivable and             payable     are
          sebagai diukur pada biaya perolehan                                classified as amortized costs.
          amortisasi.




                                                              64
Page 516
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                       unless otherwise stated)


2.     IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
       SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

       l.   Penyertaan Saham                                             l.    Investment in shares

            Penyertaan saham merupakan investasi jangka                        Investments in shares represent long-term
            panjang pada perusahaan non-publik serta                           investments in non-publicly-listed companies
            penyertaan modal sementara pada perusahaan                         and temporary investments in debtor
            debitur yang timbul akibat konversi kredit yang                    companies arising from conversion of loans or
            diberikan atau jenis transaksi tertentu yang                       certain of transactions which resulted The Bank
            berakibat Bank memiliki saham pada                                 have shares in debtor’s company.
            perusahaan debitur.

            Penyertaan saham          dengan persentase                        Investments in shares represent ownership
            kepemilikan 20,00% sampai dengan 50,00%                            interests of 20.00% to 50.00% are recorded
            dicatat dengan metode ekuitas. Dalam metode                        using the equity method. Under this method,
            ini, penyertaan dicatat sebesar biaya perolehan                    investments are recorded at cost and adjusted
            disesuaikan dengan bagian Bank atas ekuitas                        for the Bank’s proportionate share in the net
            perusahaan asosiasi dan dikurangi dengan                           equity of the investees and reduced by
            penerimaan dividen sejak tanggal perolehan,                        dividends earned starting the acquisition date
            dikurangi cadangan kerugian penurunan nilai.                       net of by allowance for impairment losses

            Penyertaan modal sementara dihapusbuku dari                       Temporary investment is written-off from the
            laporan posisi keuangan apabila telah                             statement of financial position if it is held for
            melampaui jangka waktu 5 (lima) tahun sesuai                      more than 5 (five) years in accordance with OJK
            dengan Peraturan OJK No. 40/POJK.03/2019                          Regulation No. 40/POJK.03/2019 regarding
            tentang “Penilaian Kualitas Aset Bank Umum”.                      “Asset Quality Rating for Commercial Banks”.

       m. Aset tetap                                                     m. Premises and equipment

            Aset tetap awalnya diakui sebesar biaya                           All premises and equipment are initially
            perolehan, yang terdiri atas harga perolehan                      recognized at cost, which comprises its
            dan biaya-biaya tambahan yang dapat                               purchase price and any costs directly
            diatribusikan langsung untuk membawa aset ke                      attributable in bringing the asset to the location
            lokasi dan kondisi yang diinginkan supaya aset                    and condition necessary for it to be capable of
            tersebut siap digunakan sesuai dengan maksud                      operating in the manner intended by
            manajemen.                                                        management.

            Setelah pengakuan awal, aset tetap selain                         Subsequent to initial recognition, premises and
            tanah dinyatakan pada biaya perolehan                             equipment besides lands are carried at cost
            dikurangi akumulasi penyusutan dan akumulasi                      less any subsequent accumulated depreciation
            rugi penurunan nilai.                                             and impairment losses.

            Aset tetap yang diperoleh dalam pertukaran                        Premises and equipment acquired in exchange
            aset non-moneter atau kombinasi aset moneter                      for a non-monetary asset or for a combination
            dan non-moneter diukur pada nilai wajar,                          of monetary and non-monetary assets are
            kecuali:                                                          measured at fair values, unless:

            (i) Transaksi pertukaran tidak         memiliki                    (i) The   exchange      transaction             lacks
                substansi komersial, atau                                          commercial substance, or

            (ii) Nilai wajar dari aset yang diterima dan                       (ii) The fair value of neither the assets received
                 diserahkan tidak dapat diukur secara andal.                        nor the assets given up can be measured
                                                                                    reliably.




                                                               65
Page 517
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI        YANG           2.     SUMMARY OF SIGNIFICANT                   ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     m. Aset tetap (lanjutan)                                           m. Premises and equipment (continued)

         Penyusutan bangunan dihitung dengan                                 Depreciation of buildings is computed using the
         menggunakan metode garis lurus (straight-line                       straight-line method while depreciation of office
         method) sedangkan peralatan kantor dan                              furniture and fixtures, and motor vehicles is
         kendaraan      bermotor    dihitung  dengan                         computed using the double-declining balance
         menggunakan metode saldo menurun ganda                              method, based on the estimated useful lives of
         (double-declining       balance     method)                         the assets as follows:
         berdasarkan taksiran masa manfaat aset tetap
         sebagai berikut:

                                                       Tahun/Years
        Bangunan                                            10 - 20                                                Buildings
        Peralatan kantor dan kendaraan bermotor              4-8            Office furniture and fixtures and motor vehicles
         Penilaian aset tetap dilakukan atas penurunan                      The carrying amounts of premises and
         dan kemungkinan penurunan nilai wajar aset                         equipment are reviewed for impairment when
         jika terjadi peristiwa atau perubahan keadaan                      events or changes in circumstances indicate
         yang mengindikasikan bahwa nilai tercatat                          that the carrying values may not be fully
         mungkin tidak dapat seluruhnya terealisasi.                        recoverable.

         Pada setiap akhir tahun buku, manajemen                            The residual values, useful lives and methods
         melakukan pengkajian ulang atas nilai residu,                      of depreciation of premises and equipment are
         masa manfaat dan metode penyusutan dan                             reviewed by the management and adjusted
         disesuaikan secara prospektif, jika diperlukan.                    prospectively, if appropriate, at the end of each
                                                                            year, if necessary.

         Jumlah tercatat aset tetap dihentikan                              An item of premises and equipment is
         pengakuannya pada saat dilepaskan atau saat                        derecognized upon disposal or when no future
         tidak ada manfaat ekonomis masa depan yang                         economic benefits are expected from its use or
         diharapkan     dari     penggunaan       atau                      disposal. Any gain or loss arising on
         pelepasannya. Laba atau rugi yang timbul dari                      derecognition of the asset (calculated as the
         penghentian pengakuan aset (dihitung sebagai                       difference between the net disposal proceeds
         perbedaan antara jumlah neto hasil pelepasan                       and the carrying amount of the asset) is
         dan jumlah tercatat dari aset) diperhitungkan                      included in the statement of profit or loss and
         dalam laporan laba rugi dan penghasilan                            other comprehensive income in the period such
         komprehensif lain pada periode aset tersebut                       asset is derecognized.
         dihentikan pengakuannya.

         Tanah awalnya dinyatakan sebesar biaya                             Land are initially recognized at cost and not
         perolehan dan tidak disusutkan. Setelah                            depreciated. Subsequent to initial recognition,
         pengakuan awal, tanah diukur pada nilai wajar                      land is measured at fair value at the revaluation
         pada tanggal revaluasi dikurangi akumulasi rugi                    date less any subsequent accumulated
         penurunan nilai setelah tanggal revaluasi.                         impairment losses. Valuation of land are
         Penilaian terhadap tanah dilakukan oleh penilai                    performed by appraisers with professional
         yang memiliki kualifikasi profesional, dan                         qualification and is done in regular basis to
         dilakukan secara berkala untuk memastikan                          ensure that the carrying amount does not differ
         bahwa jumlah tercatat tanah tidak berbeda                          materially from its fair value at the end of
         secara material dengan jumlah yang ditentukan                      reporting period (Note 14).
         dengan menggunakan nilai wajarnya pada akhir
         periode pelaporan (Catatan 14).




                                                           66
Page 518
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     m. Aset tetap (lanjutan)                                         m. Premises and equipment (continued)

         Kenaikan nilai tercatat yang timbul dari                           Increase in the carrying amount arising from
         revaluasi dicatat sebagai “Surplus Revaluasi                       revaluation is recorded in “Premises and
         Aset Tetap”, dan disajikan dalam penghasilan                       equipment Revaluation Surplus” and presented
         komprehensif lain. Namun, kenaikan tersebut                        in other comprehensive income. However, the
         diakui dalam laba rugi hingga sebesar jumlah                       increase is recognized in profit or loss, up to the
         penurunan nilai aset yang sama akibat                              amount of impairment of the same assets due
         revaluasi yang pernah dilakukan sebelumnya                         to revaluation previously recognized in profit or
         dalam laba rugi. Penurunan nilai tercatat yang                     loss. A decrease in carrying value arising as a
         timbul dari revaluasi diakui dalam laba rugi.                      result of a revaluation should be recognized in
                                                                            profit or loss.

         Beban     pemeliharaan      dan     perbaikan                     Repairs and maintenance is charged to the
         dibebankan pada operasi pada saat terjadinya.                     profit or loss as incurred. The cost of major
         Beban pemugaran dan penambahan bahan                              renovation and restoration is capitalized to the
         dalam jumlah besar dikapitalisasi kepada                          carrying amount of the related premises and
         jumlah tercatat aset tetap terkait bila besar                     equipment when it is probable that future
         kemungkinan bagi kelompok usaha manfaat                           economic benefits in excess of the originally
         ekonomi masa depan menjadi lebih besar dari                       assessed standard of performance of the
         standar kinerja awal yang ditetapkan                              existing asset and is depreciated over the
         sebelumnya dan disusutkan sepanjang sisa                          remaining useful life of the related asset.
         masa manfaat aset tetap terkait.

         Aset tetap dalam penyelesaian dicatat sebesar                     Construction in-progress are stated at cost,
         biaya perolehan, yang mencakup kapitalisasi                       including capitalized borrowing costs and other
         beban pinjaman dan biaya-biaya lainnya yang                       charges incurred in connection with the
         terjadi sehubungan dengan pendanaan aset                          financing of the said asset constructions. The
         tetap dalam penyelesaian tersebut. Akumulasi                      accumulated costs will be reclassified to the
         biaya perolehan akan direklasifikasi ke akun                      appropriate “Premises and Equipment” account
         “Aset Tetap” yang bersangkutan pada saat aset                     when the construction is completed and
         tetap tersebut telah selesai dikerjakan dan siap                  available for intended use. Assets under
         untuk     digunakan.     Aset     tetap   dalam                   construction are not depreciated as these are
         penyelesaian tidak disusutkan karena belum                        not yet available for use.
         tersedia untuk digunakan.

         Biaya pengurusan legal hak atas tanah dalam                       The legal cost of land rights in the form of
         bentuk Hak Guna Usaha (“HGU”), Hak Guna                           Business Usage Rights (“Hak Guna Usaha” or
         Bangunan (“HGB”) dan Hak Pakai (“HP”) ketika                      “HGU”), Building Usage Right (“Hak Guna
         tanah diperoleh pertama kali diakui sebagai                       Bangunan” or “HGB”) and Usage Rights (“Hak
         bagian dari biaya perolehan tanah pada akun                       Pakai” or “HP”) when the land was initially
         “Aset Tetap”. Biaya pengurusan perpanjangan                       acquired are recognized as part of the cost of
         atau pembaruan legal hak atas tanah diakui                        the land under the “Premises and Equipment”.
         sebagai aset tidak berwujud dan diamortisasi                      The extension or the legal renewal costs of land
         sepanjang umur hak hukum atau umur ekonomi                        rights were recognized as intangible assets and
         tanah, mana yang lebih pendek.                                    were amortized over the shorter of the rights'
                                                                           legal life and land's economic life.

         Jika nilai wajar dari aset yang direvaluasi                       If the fair value of the revalued asset change
         mengalami perubahan yang signifikan dan                           significantly, it is necessary to revaluate on an
         fluktuatif, maka perlu direvaluasi secara                         annual basis, whereas if the fair value of the
         tahunan, sedangkan jika nilai wajar dari aset                     revaluated asset does not change significantly,
         yang direvaluasi tidak mengalami perubahan                        it is necessary to revaluate at a minimum every
         yang signifikan dan fluktuatif, maka perlu                        3 (three) years.
         dilakukan revaluasi paling kurang 3 (tiga) tahun
         sekali.



                                                            67
Page 519
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                           POLICIES (continued)

     n.   Aset Tidak Berwujud                                        n.    Intangible Assets

          Berdasarkan PSAK 238 definisi aset berwujud                     Based on PSAK 238, the definition of tangible
          adalah aset nonmoneter teridentifikasi tanpa                    assets is identified non-monetary assets without
          wujud fisik. Dalam hal ini, Piranti lunak                       physical form. In this case, computer software is
          komputer secara jelas disebutkan dalam PSAK                     explicitly stated in PSAK 238 as a type of asset
          238 sebagai jenis aset yang teridentifikasi                     identified as tangible assets.
          sebagai aset berwujud.

          Aset tak berwujud awalnya diakui sebesar                        Intangible assets are initially recognized at the
          Pengakuan biaya perolehan dalam jumlah                          cost of acquisition. The recognition of the cost
          tercatat aset takberwujud dihentikan pada aset                  of acquisition of intangible assets is stopped
          tersebut berada pada kondisi yang diinginkan                    when the asset is in the desired condition to be
          agar aset tersebut siap digunakan dengan cara                   ready for use in the manner intended by
          yang di intensikan oleh manajamen. Oleh                         management. Therefore, costs incurred when
          karena itu, biaya yang dikeluarkan saat aset                    the asset can be used in accordance with the
          sudah dapat digunakan sesuai dengan cara                        intended management and costs to redevelop
          yang di intensikan oleh manajemen dan biaya                     intangible assets are not included in the carrying
          untuk mengembangkan kembali aset tak                            amount of intangible assets.
          berwujud tidak termasuk dalam jumlah tercatat
          aset tak berwujud.

          Setelah pengakuan awal, Aset tak berwujud                       After initial recognition, intangible assets are
          dinyatakan pada biaya perolehan dikurangi                       stated at cost less accumulated amortization.
          akumulasi amortisasi.

          Amortisasi aset tak berwujud dihitung dengan                    Amortization of intangible assets is calculated
          menggunakan metode garis lurus (straight-line                   using the straight-line method. Based on the
          method) Berdasarkan rata-rata penggunaan                        average use of software at the Bank, the useful
          piranti lunak pada Bank, untuk umur manfaat                     life of intangible assets is determined by the
          aset tak berwujud ditetapkan oleh unit                          intangible asset management unit for 5 years.
          pengelola aset tak berwujud selama 5 Tahun.                     The carrying amount of intangible assets is
          Jumlah tercatat aset tak berwujud dihentikan                    stopped when the asset is released or when
          pengakuannya pada saat dilepaskan atau saat                     there is no expected future economic benefit
          tidak ada manfaat ekonomis masa depan                           from use or disposal. Profit or loss arising from
          yang diharapkan dari penggunaan atau                            the cessation of asset recognition (calculated as
          pelepasannya. Laba atau rugi yang timbul dari                   the difference between the net proceeds of
          penghentian pengakuan aset (dihitung sebagai                    disposal and the carrying amount of the asset)
          perbedaan antara jumlah neto hasil pelepasan                    is recognized in the income statement for the
          dan jumlah tercatat dari aset) diperhitungkan                   period in which the asset is derecognized.
          dalam laporan laba rugi pada periode aset
          tersebut dihentikan pengakuannya.

          Aset tak berwujud tidak boleh dikeluarkan dari                  Intangible assets should not be removed from
          daftar rincian aset takberwujud mesikipun                       the list of intangible assets details even if the
          aset tersebut telah sepenuhnya dilakukan                        asset has been fully amortized, because if the
          amortisasi, karena jika aset tersebut masih                     asset still has expected future economic
          memiliki manfaat ekonomis masa depan yang                       benefits from its use, the cost of acquisition and
          diharapkan dari penggunaanya, maka biaya                        accumulated amortization remain in the list of
          perolehan dan akumulasi Amortisasi tetap                        intangible assets details owned by the entity.
          berada dalam daftar rincian aset takberwujud
          yang dimiliki oleh entitas.




                                                           68
Page 520
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                           POLICIES (continued)

     n.   Aset Tidak Berwujud (lanjutan)                             n.    Intangible Assets (continued)

          Aset dalam penyelesaian dicatat sebesar biaya                   Assets under development are recorded at cost,
          perolehan, yang mencakup biaya-biaya yang                       which includes costs incurred in connection with
          terjadi sehubungan dengan upaya perolehan,                      the acquisition, development, and procurement
          pengembangan dan pengadaan aset tak                             efforts of intangible assets under development.
          berwujud dalam penyelesaian tersebut.                           The accumulation of acquisition costs will be
          Akumulasi biaya perolehan akan direklasifikasi                  reclassified to the related "Intangible Assets"
          ke akun “Aset tak berwujud” yang bersangkutan                   account when the intangible asset is completed
          pada saat aset tak berwujud tersebut telah                      and ready for use.
          selesai dikerjakan dan siap untuk digunakan.

          Aset tak berwujud dalam penyelesaian tidak                      Intangible assets under development are not
          disusutkan karena belum tersedia untuk                          amortized because they are not yet available for
          digunakan.                                                      use.

     o.   Aset hak guna dan liabilitas sewa                          o.    Right-of use assets and lease liabilities

          PSAK No. 116 menerapkan persyaratan baru                        SFAS No. 116 introduces new or amended
          atau amandemen sehubungan dengan                                requirements with respect to lease accounting.
          akuntansi sewa. Standar ini memperkenalkan                      It introduces significant changes to lessee
          perubahan signifikan untuk akuntansi lessee                     accounting by removing the distinction between
          dengan menghapus perbedaan antara sewa                          operating and finance lease and requiring the
          operasi dan pembiayaan dan pengakuan aset                       recognition of a right-of-use asset and a lease
          hak guna dan liabilitas sewa, kecuali untuk                     liability at commencement for all leases, except
          sewa jangka pendek dan aset dengan nilai                        for short-term leases and leases of low value
          rendah. Berbeda dengan akuntansi lessee,                        assets. In contrast to lessee accounting, the
          persyaratan untuk akuntansi lessor sebagian                     requirements for lessor accounting have
          besar tidak berubah. Dalam hal ini, Bank                        remained largely unchanged. In this case, Bank
          terekspos risiko Bank sebagai lessee.                           is exposed the risk of the Bank as lessee.

          a) Dampak definisi baru dari sewa                               a) Impact of the new definition of a lease

             Perubahan utama dari definisi sewa                                The change in the definition of a lease
             berkaitan dengan konsep pengendalian.                             mainly relates to the concept of control.
             PSAK No. 116 menentukan apakah kontrak                            SFAS No. 116 determines whether a
             merupakan, atau mengandung sewa atas                              contract is, or contains, a lease if the lessee
             dasar jika penyewa memiliki hak untuk                             has the right to control the use of an
             mengendalikan penggunaan aset selama                              identified asset for a certain period of time
             suatu jangka waktu tertentu untuk                                 in exchange for consideration. This is in
             dipertukarkan dengan imbalan. Hal tersebut                        contrast to the focus on 'risks and rewards'
             merupakan perbedaan penentuan kontrak                             in SFAS No. 30.
             merupakan, atau mengandung sewa
             berdasarkan PSAK No. 30 yaitu dengan
             konsep risiko dan manfaat.
             Bank menerapkan definisi sewa dan                                 The Bank applies the definition of a lease
             panduan terkait yang diterapkan dalam                             and related guidance set out in SFAS No.
             PSAK No. 116 untuk semua kontrak yang                             116 to all contracts entered into or
             dicatat atau diubah pada atau setelah                             changed on or after January 1, 2020.
             tanggal 1 Januari 2020.




                                                           69
Page 521
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI      YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                           POLICIES (continued)

     o.   Aset hak guna dan liabilitas sewa (lanjutan)               o.    Right-of use assets and lease liabilities
                                                                           (continued)

          b)    Panduan         praktis,    pengecualian                   b)    Practical      expedient,        recognition
                pengakuan dan pilihan kebijakan pada                             exemption and accounting policy option at
                saat masa transisi, Bank memilih untuk                           the transition date, Bank decided to use
                menerapkan panduan praktis yang                                  the practical expedient that is permitted in
                terdapat pada panduan transisi dalam                             SFAS No. 116, as:
                PSAK No. 116, yang antara lain:                                  1. Using a single discount rate to a
                1. Penggunaan tingkat diskonto tunggal                               portfolio of leases with reasonably
                    untuk    portofolio   sewa dengan                                similar characteristics;
                    karakteristik yang hampir sama;
                2. Tidak menerapkan pengakuan dan                                2. Not to apply the recognition and
                    pengukuran berdasarkan PSAK 116                                 measurement according to SFAS No.
                    untuk kontrak dengan masa sewa                                  116 of the contracts which lease term
                    kurang dari 12 bulan pada tanggal 1                             ends within 12 months of January 1,
                    Januari 2020 dan dicatat sebagai                                2021 and recorded as short term
                    sewa jangka pendek; dan                                         lease; and
                3. Pengecualian biaya langsung awal                              3. Exclude intial direct cost from the
                    dari pengukuran aset hak guna pada                              measurement of the right of use
                    tanggal penerapan awal.                                         assets at the date of initial application.

               Bank memilih pengecualian pengakuan                              Bank may choose the recognition exemption
               untuk tidak menerapkan pengakuan dan                             not to recognize and measure according to
               pengukuran berdasarkan PSAK No. 116                              SFAS No. 116 of the contract:
               untuk kontrak:
               1. Sewa jangka pendek dengan masa                                1. Short term leases for which lease term
                  sewa 12 bulan atau kurang; dan                                   is or below 12 months; and
               2. Sewa dengan aset pendasar bernilai                            2. Lease for which the underlying asset is
                  rendah.                                                          low value.

               Bank mengakui pembayaran sewa jangka                             Bank recognise the lease payment of short
               pendek dan aset bernilai rendah sebagai                          term and low value leases as an expense
               beban baik dengan dasar garis lurus                              on either a straight line basis over ther lease
               maupun dasar sistematik lainnya yang                             term or another systematic basis which
               merepresentasikan pola manfaat.                                  represent the pattern of the benefit.

               Selain itu, Bank juga memilih pilihan                            Besides, Bank may choose the policy
               kebijakan untuk:                                                 option:
               1. Tidak memisahkan kompenen nonsewa                             1. Not to separate the non-leased
                  dari komponen sewa, dan memilih                                   component from lease component, and
                  mencatat masing-masing komponen                                   choose to record the lease component
                  sewa dan komponen nonsewa terkait                                 and non-leased component as a single
                  sebagai komponen sewa tunggal.                                    lease component.
               2. Tidak mencatat sewa atas aset tak                             2. Not to record the lease of intangible
                  berwujud berdasarkan PSAK No. 116.                                assets according to SFAS No. 116.




                                                           70
Page 522
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.    SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     o.   Aset hak guna dan liabilitas sewa (lanjutan)                o.    Right-of use assets and lease liabilities
                                                                            (continued)

          c)   Dampak pada akuntansi lessee                                  c)   Impact on lessee accounting

               Bank       menerapkan       pendekatan                             Bank applies a single recognition and
               pengakuan dan pengukuran tunggal                                   measurement approach for the entire
               untuk seluruh sewa, kecuali untuk sewa                             lease, except for the short terms and low-
               jangka pendek dan sewa aset bernilai                               value lease. Bank recognises lease
               rendah. Bank mengakui liabilitas sewa                              liabilities for the lease payments and right
               untuk melakukan pembayaran sewa dan                                of use asset that represent right of use of
               aset hak guna yang mewakili hak untuk                              the underlying asset
               menggunakan aset pendasar.

               Bank mengakui aset hak guna dan                                    Bank recognises right of use asset and
               liabilitas sewa pada tanggal permulaan                             lease liabilities at the commencement
               sewa.                                                              date.

               Pada tanggal permulaan sewa, aset hak                              On the commencement date, right of use
               guna diukur pada biaya perolehan yang                              assets measured at cost, which shall
               meliputi jumlah pengukuran awal liabilitas                         comprise the amount initial measurement
               sewa, biaya langsung awal yang                                     of lease liabilities, initial direct cost
               dikeluarkan, estimasi biaya restorasi dan                          incurred, an estimate of restoration cost,
               pembayaran sewa yang dilakukan pada                                and lease payments made at or before the
               atau sebelum tanggal mulai sewa                                    commencement date less the rental
               dikurangi insentif sewa yang diterima.                             incentives received. For the subsequent
               Untuk pengurukuran selanjutnya, aset                               measurements, the right of use assets
               hak guna dikurangi dengan akumulasi                                less the accumulated depreciation, any
               penyusutan dan kerugian penurunan nilai,                           accumulated impairment losses, and
               serta     disesuaikan    untuk      setiap                         adjusted for any remeasurement of lease
               pengukuran kembali liabilitas sewa.                                liabilities.

               Aset hak guna disusutkan dengan metode                             Right of use assets depreciated by
               sesuai dengan persyaratan depresiasi                               methods in accordance with the fixed
               yang ada pada aset tetap.                                          assets depreciation requirements.

               Jika kepemilikan aset sewa dialihkan ke                            If the ownership of lease assets
               Bank pada akhir masa sewa atau                                     transferred to the Bank at the end of the
               pembayaran      sewa     mencerminkan                              lease term or the lease payments reflects
               pelaksanaan opsi pembelian, penyusutan                             the purchase option, then the depreciation
               dihitung menggunakan estimasi masa                                 period measured by using the estimation
               manfaat ekonomis aset. Aset hak guna                               of asset economic benefit. The right of use
               diuji penurunan nilainya sesuai dengan                             asset tested for impairment in accordance
               PSAK No. 236 Penurunan Nilai Aset.                                 with SFAS No. 236 Impairment of Asset.




                                                            71
Page 523
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     o.   Aset hak guna dan liabilitas sewa (lanjutan)                 o.    Right-of use assets and lease liabilities
                                                                             (continued)
          Pada tanggal permulaan sewa, Bank mengakui                        At the commencement date, Bank recognized
          liabilitas sewa yang diukur pada nilai kini dari                  the lease liabilities measured at the present
          pembayaran sewa masa depan yang akan                              value of the future lease payment during the
          dilakukan selama masa sewa. Pembayaran                            lease term. Lease payment including the fixed
          sewa termasuk pembayaran tetap (termasuk                          payment (including substantial fixed-payments)
          pembayaran tetap secara-substansi) dikurangi                      less lease incentive receivable, variable lease
          piutang insentif sewa, pembayaran sewa                            payment that depend on the index or exchange
          variabel yang bergantung pada indeks atau                         rate, and the expected amount will be paid in a
          kurs, dan jumlah yang diharapkan akan dibayar                     residual value guarantee. Lease payments also
          dalam jaminan nilai residu. Pembayaran sewa                       include the execution price of a reasonable
          juga termasuk harga eksekusi opsi pembelian                       purchase option if it ensured to exercise by the
          yang wajar jika dipastikan akan dilakukan oleh                    Bank and the penalty payment to terminate the
          Bank dan pembayaran penalti untuk                                 lease, if the lease term reflects the Bank to
          mengakhiri sewa, jika jangka waktu sewa                           execute the lease termination option. Variable
          mencerminkan Bank mengeksekusi opsi                               lease payments that do not rely on the index or
          penghentian sewa. Pembayaran sewa variabel                        exchange rates recognized as expense in
          yang tidak bergantung pada indeks atau kurs                       periods in which events or conditions that
          diakui sebagai beban pada periode di mana                         trigger payments occur.
          peristiwa atau      kondisi yang memicu
          pembayaran terjadi.
          Dalam menghitung nilai kini dari pembayaran                       In calculating the present value of lease
          sewa, Bank menggunakan suku bunga                                 payments, Bank uses the incremental
          pinjaman inkremental penyewa pada tanggal                         borrowing rate of the lessee at the
          dimulainya sewa karena suku bunga implisit                        commencement date of the lease, as the
          dalam sewa tidak dapat ditentukan. Untuk                          implicit interest rate of the lease cannot be
          pengukuran selanjutnya, jumlah liabilitas sewa                    determined. For the subsequent measurement,
          ditingkatkan        untuk       mencerminkan                      amount of lease liabilities increased to reflect
          pertambahan        bunga      dan     dikurangi                   the increasing of interest and reduced by the
          pembayaran sewa yang dilakukan. Selain itu,                       lease payments. In addition, the carrying
          jumlah tercatat liabilitas sewa diukur kembali                    amount of lease liabilities remeasured if there
          jika terdapat modifikasi, perubahan jangka                        is a modification, change in lease term, change
          waktu sewa, perubahan pembayaran sewa,                            of lease payment, or changes in assessment of
          atau perubahan dalam penilaian opsi untuk                         purchase option of the underlying asset.
          membeli aset pendasar.
          PSAK No. 116 mengubah cara Bank                                   SFAS No. 116 changes the way of Bank
          menyajikan      sewa     yang  sebelumnya                         presents lease that previously classified as an
          diklasifikasikan sebagai sewa operasi pada                        operating lease in SFAS No. 30, which not
          PSAK No. 30, yang tidak diungkapkan dalam                         disclosed in financial statements, with the
          laporan keuangan, dengan rincian sebagai                          details of below:
          berikut:

          1.   Menyajikan aset hak-guna secara                              1.    Present the right of use asset separately
               terpisah;
          2.   Menyajikan liabilitas sewa sebagai bagian                    2.    Present the lease liabilities as part of other
               dari liabilitas lain-lain;                                         liabilities
          3.   Menyajikan beban penyusutan aset hak-                        3.    Present the depreciation expense of right
               guna dan beban bunga liabilitas sewa                               of use asset and interest expense of lease
               sebagai bagian dari beban umum dan                                 liabilities as part of general and
               administrasi; dan                                                  administrative expenses, and
          4.   Memisahkan jumlah total pembayaran ke                        4.    Separate the total amount of payment to
               bagian pokok (disajikan dalam kegiatan                             the principal (presented in financing
               pendanaan) dan bunga (disajikan dalam                              activities) and interest (presented in
               kegiatan operasional) dalam laporan arus                           operational activities) in the statement of
               kas                                                                cash flow.

                                                             72
Page 524
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG            2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                                POLICIES (continued)

     p.   Penurunan nilai aset non-keuangan                               p.    Impairment of non-financial assets

          Pada setiap akhir periode pelaporan, Bank                            The Bank assesses at each annual reporting
          menilai apakah terdapat indikasi suatu aset                          period whether there is an indication that an
          mengalami penurunan nilai. Jika terdapat                             asset may be impaired. If any such indication
          indikasi tersebut, maka Bank akan membuat                            exists, Bank makes an estimate of the asset’s
          estimasi atas jumlah terpulihkan aset tersebut.                      recoverable amount.

          Jumlah terpulihkan yang ditentukan untuk aset                        An asset’s recoverable amount is the higher of
          individual adalah jumlah yang lebih tinggi antara                    an asset’s or Cash Generating Unit (CGU)’s fair
          nilai wajar aset atau Unit Penghasil Kas (UPK)                       value less costs of disposal and its value in use,
          dikurangi biaya pelepasan dengan nilai                               and is determined for an individual asset, unless
          pakainya, kecuali aset tersebut tidak                                the asset does not generate cash inflows that
          menghasilkan arus kas masuk yang sebagian                            are largely independent of those from other
          besar independen dari aset atau kelompok aset                        assets or groups of assets.
          lain.

          Jika nilai tercatat aset lebih besar daripada nilai                  Where the carrying amount of an asset exceeds
          terpulihkannya, maka aset tersebut dianggap                          its recoverable amount, the asset is considered
          mengalami penurunan nilai dan nilai tercatat                         impaired and is written down to its recoverable
          aset diturunkan menjadi sebesar nilai                                amount. Impairment losses of continuing
          terpulihkannya. Rugi penurunan nilai dari                            operations are recognized in the statement of
          operasi yang berkelanjutan diakui pada laporan                       profit or loss and other comprehensive income
          laba rugi dan penghasilan komprehensif lain                          as “impairment losses”.
          sebagai “rugi penurunan nilai”.

          Dalam menghitung nilai pakai, estimasi arus                          In assessing the value in use, the estimated net
          kas masa depan neto didiskontokan ke nilai kini                      future cash flows are discounted to their present
          dengan menggunakan tingkat          diskonto                         value using a pre-tax discount rate that reflects
          sebelum pajak yang menggambarkan penilaian                           current market assessments of the time value of
          pasar kini atas nilai waktu uang dan risiko                          money and the risks specific to the asset.
          spesifik aset.

          Dalam menentukan nilai wajar dikurangi biaya                         In determining fair value less costs of disposal,
          pelepasan, mengacu pada PSAK No. 113:                                refers to SFAS No. 113, "Fair Value
          ”Pengukuran Nilai Wajar” (Catatan 2d).                               Measurements" (Note 2d).

          Kerugian penurunan nilai dari operasi yang                           Impairment losses of continuing operations, if
          berkelanjutan, jika ada, diakui pada laporan                         any, are recognized in the statements of profit
          laba rugi dan penghasilan komprehensif lain                          or loss and other comprehensive income under
          sesuai dengan kategori biaya yang konsisten                          expense categories that are consistent with the
          dengan fungsi aset yang diturunkan nilainya.                         functions of the impaired assets.

     q.   Biaya dibayar dimuka                                            q.    Prepaid expenses

          Biaya dibayar di muka diamortisasi selama                            Prepaid expenses are amortized over the
          masa manfaat dengan menggunakan metode                               periods benefited using the straight-line
          garis lurus (straight-line method).                                  method.




                                                                73
Page 525
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI       YANG           2.    SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     r.   Liabilitas segera                                            r.    Liabilities due immediately

          Liabilitas segera dicatat pada saat timbulnya                     This account is recorded at the time the
          kewajiban      atau    diterimanya    perintah                    obligations occur or upon receipt of transfer
          pemindahbukuan dari nasabah maupun dari                           orders from customers or other banks.
          bank lain.

          Liabilitas segera dicatat berdasarkan biaya                       Current liabilities are stated at amortized cost
          perolehan diamortisasi dan diklasifikasikan                       and classified as other financial liabilities.
          sebagai liabilitas keuangan lainnya.

     s.   Simpanan                                                     s.    Deposits

          Giro merupakan simpanan nasabah yang dapat                        Demand deposits represent customer funds
          digunakan sebagai alat pembayaran dan                             which can be used as payment instruments,
          penarikannya dapat dilakukan setiap saat                          and can be withdrawn at any time through
          melalui cek atau pemindahbukuan dengan                            cheque, or transferred through current account
          bilyet giro dan sarana perintah pembayaran                        drafts and other transfer instruction media.
          lainnya. Giro dinyatakan sebesar nilai titipan                    Demand deposits are stated at the amounts
          pemegang giro di Bank.                                            entrusted to the Bank by the depositors.

          Giro Wadiah merupakan titipan dana pihak                          Wadiah demand deposits represent entrusted
          ketiga yang setiap saat tersedia untuk                            third party funds which are available for
          dikembalikan dan dapat diberikan bonus sesuai                     withdrawal at any time and earn bonus based
          kebijakan Bank. Giro Wadiah dinyatakan                            on the Bank’s policy. Wadiah demand deposits
          sebesar nilai titipan pemegang giro di Bank.                      are stated at the amounts invested by the
                                                                            depositors in the Bank.

          Tabungan merupakan simpanan nasabah yang                          Savings deposits represent customer funds
          penarikannya hanya dapat dilakukan nasabah                        which can be withdrawn by the depositors only
          sesuai dengan persyaratan tertentu yang                           under certain conditions. Savings deposits are
          disepakati. Tabungan dinyatakan sebesar nilai                     stated at the agreed amounts due to the
          kewajiban pada pemilik tabungan.                                  depositors.

          Tabungan Wadiah merupakan simpanan pihak                          Wadiah savings deposits represent third party
          lain yang mendapatkan bonus berdasarkan                           funds which earn bonus based on the Bank’s
          kebijaksanaan Bank. Tabungan Wadiah                               policy. Wadiah savings deposits are stated at
          dinyatakan sebesar nilai investasi pemegang                       the amounts invested by the depositors in the
          tabungan di Bank.                                                 Bank.

          Deposito berjangka merupakan simpanan                             Time deposits represent customer funds which
          nasabah yang penarikannya hanya dapat                             can be withdrawn by the depositors only on
          dilakukan nasabah pada waktu tertentu sesuai                      specific maturity dates based on the
          dengan perjanjian antara pemegang deposito                        agreements between the depositors and the
          berjangka dengan Bank. Deposito berjangka                         Bank. Time deposits are stated at the nominal
          dinyatakan sebesar nilai nominal yang                             amounts stated in the certificates issued by the
          tercantum dalam sertifikat yang diterbitkan oleh                  Bank in accordance with the agreements
          Bank, sesuai dengan perjanjian antara                             between the depositors and the Bank.
          pemegang deposito berjangka dengan Bank.




                                                             74
Page 526
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     s.   Simpanan (lanjutan)                                           s.    Deposits (continued)

          Simpanan nasabah diklasifikasikan sebagai                           Deposits from customers are classified as other
          liabilitas keuangan lainnya dan diukur pada                         financial liabilities and measured at amortized
          biaya perolehan amortisasi menggunakan suku                         cost using the effective interest method except
          bunga efektif kecuali simpanan yang                                 for sharia deposits which are stated at the
          didasarkan pada prinsip perbankan syariah                           Bank’s liability to the customers. Incremental
          yang dinyatakan sebesar kewajiban Bank                              costs that can be attributed directly to the
          kepada nasabah. Biaya tambahan yang dapat                           acquisition of deposits from customers are
          diatribusikan    secara   langsung   kepada                         deducted from total deposits received.
          perolehan simpanan nasabah, dikurangkan dari
          jumlah simpanan yang diterima.

     t.   Simpanan dari bank lain                                       t.   Deposits from other banks

          Simpanan dari bank lain merupakan kewajiban                        Deposits from other banks represent liabilities
          kepada bank lain, dalam bentuk tabungan, giro,                     to other banks, in the form of savings deposits,
          deposito berjangka dan inter-bank call money.                      demand deposits, time deposits and inter-bank
                                                                             call money.

          Di dalam simpanan dari bank lain termasuk                          Deposits from other banks include sharia
          simpanan syariah dalam bentuk giro wadiah.                         deposits in the form of wadiah demand
                                                                             deposits.

          Simpanan dari bank lain diklasifikasikan                           Deposits from other banks are classified as
          sebagai liabilitas keuangan lain dan diukur pada                   other financial liabilities and measured at
          biaya perolehan diamortisasi menggunakan                           amortized cost using the effective interest
          suku bunga efektif kecuali simpanan syariah                        method except for sharia deposits which are
          yang dinyatakan sebesar nilai kewajiban Bank                       stated at the Bank’s liability amount to the
          kepada nasabah. Biaya tambahan yang dapat                          customer. Incremental costs that can be
          diatribusikan     secara   langsung      kepada                    attributed directly to the acquisition of deposits
          perolehan simpanan dari bank lain dikurangkan                      from other banks are deducted from the total
          dari jumlah simpanan yang diterima.                                deposits received.

     u.   Efek-efek yang dibeli dengan janji dijual                     u.    Securities purchased under agreement to
          kembali dan efek-efek yang dijual dengan                            resell and securities sold under agreement
          janji dibeli kembali                                                to repurchase

          Efek-efek yang dibeli dengan janji dijual kembali                  Securities purchased under agreement to resell

          Efek-efek yang dibeli dengan janji untuk dijual                    Securities purchased under agreement to resell
          kembali disajikan sebagai aset keuangan dalam                      are presented as financial assets in the
          laporan posisi keuangan sebesar jumlah                             statement of financial position, at the net resale
          penjualan kembali dikurangi dengan bunga                           price of unamortized interest and net of
          yang belum diamortisasi dan cadangan                               allowance for impairment losses.
          kerugian penurunan nilai.

          Selisih antara harga beli dan harga jual kembali                   The difference between the purchase price and
          diperlakukan sebagai pendapatan bunga yang                         the resale price is treated as unearned interest
          ditangguhkan (belum diamortisasi) dan diakui                       income (unamortized) and recognized as
          sebagai pendapatan selama periode sejak                            income over the period starting from when
          efek-efek tersebut dibeli hingga dijual kembali                    those securities are purchased until they are
          dengan menggunakan suku bunga efektif.                             resold using effective interest rate.




                                                              75
Page 527
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                              POLICIES (continued)

     u.   Efek-efek yang dibeli dengan janji dijual                     u.    Securities purchased under agreement to
          kembali dan efek-efek yang dijual dengan                            resell and securities sold under agreement
          janji dibeli kembali (lanjutan)                                     to repurchase (continued)

          Efek-efek yang dibeli dengan janji untuk dijual                     Securities purchased under agreement are
          kembali diklasifikasikan sebagai diukur pada                        classified as amortized costs.
          biaya perolehan amortisasi.

          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 dimuka yang belum diamortisasi.                            interest.

          Selisih antara harga jual dan harga beli kembali                   The difference between the selling price and the
          diperlakukan sebagai biaya dibayar dimuka dan                      repurchase price is treated as prepaid
          diakui sebagai beban selama jangka waktu                           expenses and recognized as expense over the
          sejak efek-efek tersebut dijual hingga dibeli                      period starting from when those securities are
          kembali menggunakan metode suku bunga                              sold until they are repurchased using the
          efektif.                                                           effective interest method.

          Efek-efek yang dijual dengan janji untuk dibeli                    Securities sold under agreement to repurchase
          kembali diklasifikasikan sebagai liabilitas                        are classified as financial liabilities measured at
          keuangan yang diukur dengan biaya perolehan                        amortized cost.
          diamortisasi.

          Efek-efek yang dibeli dengan janji dijual kembali                  Securities purchased under agreement to resell
          atas surat berharga syariah                                        of sharia-compliant securities

          Bank mencatat transaksi efek-efek yang dibeli                      The Bank records securities purchased under
          dengan janji dijual kembali mengacu ke PSAK                        resale agreements in accordance with SFAS
          No. 411 tentang “Akuntansi Wa’d” yang berlaku                      No. 411 on “Accounting for Wa’d” which is
          secara prospektif. Pada saat pengakuan awal,                       implemented      prospectively.     At   initial
          Bank mengklasifikasikan surat berharga                             recognition, the Bank classifies the underlying
          syariah yang diperoleh dari transaksi jual beli                    securities from the first sale and purchase
          pertama dalam kategori diukur pada nilai wajar                     transaction as at fair value through other
          melalui penghasilan komprehensif lain.                             comprehensive income. Gain or losses arising
          Keuntungan atau kerugian dari perubahan nilai                      from changes in its fair value is recorded as
          wajar diakui dalam penghasilan komprehensif                        other comprehensive income.
          lain.

     v.   Surat-surat berharga yang diterbitkan                         v.    Securities issued

          Surat-surat berharga yang diterbitkan Bank                         Securities issued by Bank consist of bonds,
          adalah obligasi, Long Term Note (LTN) dan                          Long Term Note (LTN) and Sukuk Mudharabah.
          Sukuk Mudharabah.

          Surat berharga yang diterbitkan diakui sebesar                     The securities issued are recognized initially at
          nilai wajar pada awalnya dan selanjutnya diukur                    fair value and subsequently measured at
          sebesar biaya perolehan diamortisasi dengan                        amortized cost using the effective interest rate
          menggunakan metode suku bunga efektif (EIR).                       method (EIR).

          Biaya perolehan diamortisasi dihitung dengan                       Amortized cost is calculated by taking into
          memperhitungkan adanya diskonto atau premi                         account any discount or premium associated
          terkait dengan pengakuan awal dan biaya                            related to the initial recognition and transaction
          transaksi yang tidak terpisah dari suku bunga                      costs that are an integral part of the effective
          efektif.                                                           interest rate.



                                                              76
Page 528
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     w. Pinjaman yang diterima                                        w. Fund borrowings

          Pinjaman yang diterima merupakan dana yang                       Fund borrowings are funds received by the
          diterima oleh Bank dari Bank Indonesia,                          Bank from Bank Indonesia, the government
          pemerintah dan lembaga pembiayaan lain                           and other financing institutions with payment
          dengan kewajiban pembayaran berdasarkan                          obligation based on borrowing agreements.
          perjanjian pinjaman.

          Pinjaman yang diterima diakui sebesar nilai                      Fund borrowings are recognized initially at fair
          wajar pada awalnya dan selanjutnya diukur                        value and subsequently measured at amortized
          sebesar biaya perolehan diamortisasi dengan                      cost using the effective interest rate method
          menggunakan metode suku bunga efektif (EIR).                     (EIR). Amortized cost is calculated by taking
          Biaya perolehan diamortisasi dihitung dengan                     into account any discount or premium
          memperhitungkan adanya diskonto atau premi                       associated related to the initial recognition and
          terkait dengan pengakuan awal dan biaya                          transaction costs that are an integral part of the
          transaksi yang tidak terpisah dari suku bunga                    effective interest rate.
          efektif.

     x.   Pinjaman subordinasi                                        x.    Subordinated loans

          Pinjaman subordinasi diakui sebesar nilai wajar                  Subordinated loans are recognized initially at
          pada awalnya dan selanjutnya diukur sebesar                      fair value and subsequently measured at
          biaya    perolehan     diamortisasi    dengan                    amortized cost using the effective interest rate
          menggunakan metode suku bunga efektif.                           method. Amortized cost is calculated by taking
          Biaya perolehan diamortisasi dihitung dengan                     into account any discount or premium
          memperhitungkan adanya diskonto atau premi                       associated related to the initial recognition and
          terkait dengan pengakuan awal dan biaya                          transaction costs that are an integral part of the
          transaksi yang tidak terpisah dari suku bunga                    effective interest rate.
          efektif.

     y.   Modal saham                                                 y.    Capital stock

          Modal saham diukur pada nilai nominal untuk                      Capital stock is measured at par value for all
          semua saham yang diterbitkan.                                    shares issued.

     z.   Saldo laba                                                  z.    Retained earnings

          Saldo laba merupakan saldo kumulatif dari hasil                   Retained earnings represent the cumulative
          operasi Bank, pembagian dividen, penyesuaian                      balance of the Bank’s results of operations,
          periode sebelumnya, efek dari perubahan                           dividend distributions, prior period adjustments,
          kebijakan akuntansi dan penyesuaian modal                         effects of the changes in accounting policy and
          lainnya.                                                          other capital adjustments.

     aa. Dana syirkah temporer                                        aa. Temporary syirkah funds

          Dana syirkah temporer merupakan investasi                        Temporary syirkah funds represent investments
          dengan akad mudharabah mutlaqah, yaitu                           from other parties conducted on the basis
          pemilik dana (shahibul maal) memberikan                          mudharabah mutlaqah contract in which the
          kebebasan      kepada     pengelola    dana                      owners of the funds (shahibul maal) grant
          (mudharib/BTN     Unit    Syariah)    dalam                      freedom to the fund manager (mudharib/BTN
          pengelolaan investasinya dengan keuntungan                       Sharia Unit) in the management of their
          dibagikan sesuai kesepakatan. Dana syirkah                       investments with profit distributed based on the
          temporer terdiri dari giro mudharabah,                           contract. Temporary syirkah funds consist of
          tabungan    mudharabah,     dan     deposito                     mudharabah current accounts, mudharabah
          mudharabah.                                                      saving deposits, and mudharabah time
                                                                           deposits.



                                                            77
Page 529
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

     PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
            (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                      unless otherwise stated)


2.     IKHTISAR KEBIJAKAN          AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
       SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

       aa. Dana syirkah temporer (lanjutan)                             aa. Temporary syirkah funds (continued)

           Giro dan tabungan mudharabah merupakan                            Mudharabah current accounts and saving
           investasi yang bisa ditarik kapan saja (on call)                  deposits represent investment which could be
           atau sesuai dengan persyaratan tertentu yang                      withdrawn anytime (on call) or can be withdrawn
           disepakati. Giro dan tabungan mudharabah                          based on certain agreed terms. Mudharabah
           dinyatakan sebesar saldo giro dan tabungan                        current accounts and savings deposits are
           nasabah di Bank.                                                  stated based on the customer’s demand and
                                                                             savings deposit balance in Bank.

           Deposito mudharabah merupakan investasi                           Mudharabah      time    deposits   represent
           yang hanya bisa ditarik pada waktu tertentu                       investment that can only be withdrawn at a
           sesuai dengan perjanjian antara pemegang                          certain time based on the agreement between
           deposito mudharabah dengan Bank. Deposito                         the customer and the Bank. Mudharabah time
           mudharabah dinyatakan sebesar nilai nominal                       deposits are stated at nominal amount as
           sesuai dengan perjanjian antara pemegang                          agreed between the deposit holder and the
           deposito dengan Bank.                                             Bank.

           Dana syirkah temporer tidak dapat digolongkan                     Temporary syirkah fund cannot be classified as
           sebagai kewajiban. Hal ini karena BTN Unit                        liability. This was due to the BTN Sharia Unit
           Syariah      tidak     berkewajiban      untuk                    does not have any liability to return the initial
           mengembalikan jumlah dana awal dari pemilik                       fund to the owners, except for losses due to
           dana kecuali akibat kelalaian atau wanprestasi                    BTN Sharia Unit’s management negligence or
           ketika mengalami kerugian. Di sisi lain dana                      default of loss is incurred. On the other hand,
           syirkah temporer tidak dapat digolongkan                          temporary syirkah fund cannot be classified as
           sebagai ekuitas karena mempunyai waktu jatuh                      shareholders’ equity, because of the maturity
           tempo dan pemilik dana tidak mempunyai hak                        period and the depositors do not have the same
           kepemilikan yang sama dengan pemegang                             rights as the shareholders’ such as voting rights
           saham seperti hak voting dan hak atas realisasi                   and the rights of realized gain from current
           keuntungan yang berasal dari aset lancar dan                      assets and other non-investment accounts.
           aset non-investasi (current and other non-
           investment accounts).

           Pemilik dana syirkah temporer mendapatkan                         The owner of temporary syirkah funds receives
           imbalan bagi hasil sesuai dengan nisbah yang                      a return from the profit sharing based on a
           ditetapkan.                                                       predetermined ratio.

           Hak nasabah atas bagi hasil dana syirkah                          Third parties’ share on returns of temporary
           temporer merupakan bagian bagi hasil milik                        syirkah funds represents customer’s share on
           nasabah yang didasarkan pada prinsip                              the Bank’s income derived from the
           mudharabah atas hasil pengelolaan dana                            management of their funds by the Bank under
           mereka oleh Bank. Pendapatan yang dibagikan                       mudharabah principles. Income that will be
           adalah yang telah diterima (cash basis).                          distributed is the cash received (cash basis)
                                                                             from the share.

           Pembagian hasil usaha dilakukan berdasarkan                       The distribution of revenue is based on profit
           prinsip bagi hasil usaha yaitu dari pendapatan                    sharing scheme on the Bank’s gross profit
           Bank yang diterima berupa laba kotor (gross                       margin.
           profit margin).




                                                              78
Page 530
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     aa. Dana syirkah temporer (lanjutan)                             aa. Temporary syirkah funds (continued)

         Pendapatan marjin dan bagi hasil atas                             Margin income and profit sharing on financing
         pembiayaan yang diberikan dan atas aset                           facilities and other earning assets are
         produktif lainnya akan dibagikan kepada                           distributed to fund owners and the Bank based
         nasabah penyimpan dana dan Bank sesuai                            on proportion of fund used in the financing and
         dengan proporsi dana yang dipakai dalam                           other earning assets. Margin income and profit
         pembiayaan yang diberikan dan aset produktif                      sharing income allocated to the fund owners are
         lainnya. Selanjutnya, pendapatan marjin dan                       then distributed to fund owners and depositors
         bagi hasil yang tersedia untuk nasabah                            as shahibul maal and the Bank as mudharib
         tersebut kemudian dibagihasilkan ke nasabah                       based on a predetermined ratio (nisbah).
         penabung dan deposan sebagai shahibul maal                        Margin income and profit sharing from financing
         dan Bank sebagai mudharib sesuai porsi bagi                       facilities and other earning assets using the
         hasil yang telah disepakati         bersama                       Bank's funds, are entirely shared for the Bank,
         sebelumnya (nisbah). Pendapatan marjin dan                        including income from the Bank's fee-based
         bagi hasil dari pembiayaan dan aset produktif                     transactions.
         lainnya yang memakai dana Bank, seluruhnya
         menjadi milik Bank, termasuk pendapatan dari
         investasi Bank berbasis imbalan.

     ab. Pendapatan dan beban bunga                                   ab. Interest income and expense

         Pendapatan dan beban bunga diakui pada                             Interest income and expenses are recognized
         laporan     laba   rugi     dan    penghasilan                     in the statement of profit or loss and other
         komprehensif lain dengan menggunakan                               comprehensive income using the effective
         metode suku bunga efektif. Suku bunga efektif                      interest rate method. The effective interest rate
         adalah suku bunga yang secara tepat                                is the rate that exactly discounts the estimated
         mendiskontokan estimasi pembayaran atau                            future cash payments or receipts over the
         penerimaan kas di masa datang selama                               expected life of the financial instrument (or,
         perkiraan umur dari aset keuangan atau                             where appropriate, a shorter period) to obtain
         liabilitas keuangan (atau, jika lebih tepat,                       the carrying amount of the financial asset or
         digunakan periode yang lebih singkat) untuk                        financial liability.
         memperoleh nilai tercatat bersih dari aset
         keuangan atau liabilitas keuangan.

         Pada saat menghitung suku bunga efektif, Bank                      When calculating the effective interest rate, the
         mengestimasi arus kas di masa datang dengan                        Bank estimates future cash flows considering
         mempertimbangkan         seluruh     persyaratan                   all contractual terms of the financial instrument
         kontraktual dalam instrumen keuangan                               but not future credit losses. This calculation
         tersebut, tetapi tidak mempertimbangkan                            includes all commissions, fees, and other forms
         kerugian kredit       di masa mendatang.                           received by the parties in the contract that are
         Perhitungan ini mencakup seluruh komisi,                           an integral part of the effective interest rate.
         provisi, dan bentuk lain yang diterima oleh para
         pihak dalam kontrak yang merupakan bagian
         tidak terpisahkan dari suku bunga efektif.

         Jika aset keuangan atau nilai kelompok aset                       If a financial asset or group of similar financial
         keuangan serupa telah diturunkan sebagai                           assets’ value has diminished as a result of
         akibat kerugian penurunan nilai, maka                              impairment       losses,    interest      income
         pendapatan bunga yang diperoleh setelahnya                         subsequently obtained is recognized based on
         diakui berdasarkan suku bunga yang digunakan                       the interest rate used to discount future cash
         untuk mendiskonto arus kas masa datang                             flows in calculating impairment losses.
         dalam menghitung kerugian penurunan nilai.




                                                            79
Page 531
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     ac. Pendapatan provisi dan komisi                                ac. Fees and commissions

        Pendapatan provisi dan komisi yang berkaitan                       Fees and commissions directly related to
        langsung dengan kegiatan pinjaman, atau                            lending activities, or fee and commission
        pendapatan       provisi dan komisi yang                           income which relates to a specific period, is
        berhubungan dengan jangka waktu tertentu,                          amortized over the term of the contract using
        diamortisasi sesuai dengan jangka waktu                            the effective interest method and classified as
        kontrak menggunakan metode suku bunga                              part of interest income in the statement of profit
        efektif dan diklasifikasikan sebagai bagian dari                   or loss and other comprehensive income.
        pendapatan bunga pada laporan laba rugi dan
        penghasilan komprehensif lain.

        Pendapatan provisi dan komisi yang tidak                           Fees and commissions that are not related to
        berkaitan dengan kegiatan pemberian kredit                         the credit activity or a period of time and/or
        atau suatu jangka waktu dan/atau terkait                           associated with the service provided, are
        dengan pemberian suatu jasa, diakui sebagai                        recognized as revenue at the time of the
        pendapatan pada saat terjadinya transaksi dan                      transaction and recorded under other operating
        dicatat pada akun pendapatan operasional                           income.
        lainnya.

     ad. Pendapatan bagi hasil dan beban bonus                        ad. Sharia profit sharing income and bonus
         secara syariah                                                   expense

        Pendapatan bagi hasil secara syariah                               Sharia profit sharing income represents income
        merupakan pendapatan istishna, marjin                              from istishna, margin from murabahah and
        murabahah dan bagi hasil pembiayaan                                profit-sharing on mudharabah and musyarakah
        mudharabah dan musyarakah serta aset                               financing and other earning assets which are
        produktif lainnya yang diakui dengan                               recognized on the accrual basis. Sharia
        menggunakan metode akrual. Beban secara                            expense represents the bonus distribution and
        syariah merupakan distribusi bonus dan bagi                        profit-sharing to fund owners which are
        hasil kepada pemilik dana yang diakui                              recognized on an accrual basis.
        berdasarkan metode akrual.

        Pendapatan istishna diakui apabila telah terjadi                   Income from istishna is recognized at the date
        penyerahan barang.                                                 of transfer of assets.

        Pendapatan       atas     piutang    murabahah                     Income from murabahah receivables using the
        menggunakan metode setara tingkat imbal hasil                      effective rate of return method (effective
        efektif (marjin efektif). Marjin efektif adalah                    margin). Effective margin is the margin that
        margin yang secara tepat mendiskontokan                            precisely discounts the estimated future cash
        estimasi pembayaran atau penerimaan kas di                         payments or receipts through the expected life
        masa datang selama perkiraan umur dari                             of the murabahah receivables. When
        piutang murabahah. Pada saat menghitung                            calculating the effective margin, Bank estimates
        marjin efektif, Bank mengestimasi arus kas di                      the future cash flows considering all contractual
        masa datang dengan mempertimbangkan                                terms of the financial instrument, but does not
        seluruh    persyaratan      kontraktual    dalam                   consider the loss of receivables in the future.
        instrumen keuangan tersebut, tetapi tidak                          This calculation includes all commissions,
        mempertimbangkan kerugian piutang di masa                          provision fees and other forms accepted by the
        mendatang. Perhitungan ini mencakup seluruh                        parties in the contract that are an inseparable
        komisi, provisi dan bentuk lain yang diterima                      part of the effective margin, transaction costs
        oleh para pihak dalam kontrak yang merupakan                       and all other premiums or discounts.
        bagian tak terpisahkan dari marjin efektif, biaya
        transaksi, dan seluruh premi atau diskon
        lainnya.




                                                            80
Page 532
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                           POLICIES (continued)

     ad. Pendapatan bagi hasil dan beban bonus                       ad. Sharia profit sharing income and bonus
         secara Syariah (lanjutan)                                       expense (continued)

         Pendapatan       bagi    hasil     pembiayaan                    Mudharabah and musyarakah income are
         mudharabah dan musyarakah diakui pada saat                       recognized when cash is received or in a period
         diterima atau dalam periode terjadinya hak bagi                  where the right of revenue sharing is due based
         hasil sesuai porsi bagi hasil (nisbah) yang                      on agreed portion (nisbah).
         disepakati.

     ae. Imbalan kerja                                               ae. Employee benefits

         Imbalan kerja jangka pendek                                      Short-term employee benefits

         Imbalan kerja jangka pendek seperti upah,                        Short-term employee benefits such as wages,
         iuran jaminan sosial, cuti jangka pendek, bonus                  social security contributions, short-term
         dan imbalan non-moneter lainnya diakui selama                    compensated leaves, bonuses and other non-
         periode jasa diberikan. Imbalan kerja jangka                     monetary benefits are recognized during the
         pendek dihitung sebesar jumlah yang tidak                        period when services have been rendered.
         didiskontokan.                                                   Short-term employee benefits are measured
                                                                          using undiscounted amounts.

         Program pensiun iuran pasti                                       Defined contribution plan

         Iuran kepada dana pensiun sebesar persentase                      Contribution payable to a pension fund
         tertentu gaji pegawai yang menjadi peserta                        equivalent to a certain percentage of salaries
         program     pensiun     iuran    pasti Bank,                      for qualified employees under the Bank’s
         dicadangkan dan diakui sebagai biaya ketika                       defined contribution plan is accrued and
         jasa telah diberikan oleh pegawai-pegawai                         recognized as expense when services have
         tersebut. Pembayaran dikurangkan dari utang                       been rendered by qualified employees. Actual
         iuran. Iuran terutang dihitung berdasarkan                        payments are deducted from the contribution
         jumlah yang tidak didiskontokan.                                  payable. Contribution payable is measured
                                                                           using undiscounted amounts.

         Program imbalan pasti dan imbalan kerja                           Defined benefit plan and other long-term
         jangka panjang lainnya                                            employee benefits

         Imbalan pasca-kerja dicadangkan dan diakui                        The post-employment benefits are accrued and
         sebagai biaya ketika jasa telah diberikan oleh                    recognized as expense when services have
         pegawai yang menjadi peserta program                              been rendered by qualified employees. The
         pensiun Bank. Imbalan kerja ditentukan                            benefits are determined based on the Bank’s
         berdasarkan peraturan Bank dan Undang-                            regulations and Job Creation No. 11 year 2020
         undang Cipta Kerja No. 11 tahun 2020 tanggal                      dated November 2, 2020 (“the Law”).
         2 November 2020 (“Undang-undang”).




                                                           81
Page 533
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     ae. Imbalan kerja (lanjutan)                                      ae. Employee benefits (continued)

         Program imbalan pasti dan imbalan kerja                             Defined benefit plan and other long-term
         jangka panjang lainnya (lanjutan)                                   employee benefits (continued)

         Imbalan pasca-kerja dan imbalan kerja jangka                        The post-employment benefits and other long-
         panjang lainnya secara aktuaris ditentukan                          term employee benefits are actuarially
         berdasarkan metode Projected Unit Credit.                           determined using the Projected Unit Credit
                                                                             Method.
         Pengukuran kembali atas liabilitas (aset)                           Remeasurement of defined benefit liabilities
         imbalan pasti neto, yang diakui sebagai                             (assets) net, which is recognized as other
         penghasilan komprehensif lain, terdiri atas:                        comprehensive income consist of:
         (i) Keuntungan dan kerugian aktuarial.                              (i) Actuarial gain and losses.
         (ii) Imbal hasil atas aset program, tidak                           (ii) Return on plan assets, excluding amounts
               termasuk jumlah yang dimasukkan dalam                               that is included in net interest on liabilities
               bunga neto atas liabilitas (aset).                                  (assets).
         (iii) Setiap perubahan dampak batas aset,                           (iii) The effect of the asset ceiling, excluding
               tidak termasuk jumlah yang dimasukkan                               amounts included in the net interest of
               dalam bunga neto atas liabilitas (aset).                            liabilities (assets).

         Pengukuran kembali atas liabilitas (aset)                           Remeasurement of defined benefit liabilities
         imbalan pasti neto, yang diakui sebagai                             (assets) - net, which is recognized as other
         penghasilan      komprehensif  lain tidak                           comprehensive income is not reclassified to
         direklasifikasi ke laba rugi pada periode                           profit or loss in the subsequent periods.
         berikutnya.

         Untuk imbalan kerja jangka panjang lain atas                        For other long-term employee benefits which
         biaya jasa kini, biaya bunga neto atas liabilitas                   are current service cost, net interest expense
         (aset) imbalan pasti neto, dan pengukuran                           of net defined benefit assets liabilities (assets),
         kembali liabilitas (aset) imbalan pasti neto                        and re-measurement of liability (asset) is
         langsung diakui pada laporan laba rugi dan                          recognized immediately in the current year
         penghasilan komprehensif lain tahun berjalan.                       statement of profit or loss and other
                                                                             comprehensive income.

         Biaya jasa lalu diakui sebagai beban pada                           Past service costs are recognized as expense
         tanggal yang lebih awal antara ketika                               at the earlier date between the amendments or
         amandemen atau kurtailmen program terjadi,                          curtailment program occurs, and when the
         dan ketika biaya restrukturisasi atau pesangon                      costs of restructuring or severance is
         diakui, sehingga biaya jasa lalu yang belum                         recognized, therefore, unvested past service
         vested tidak lagi dapat ditangguhkan dan diakui                     cost can no longer be deferred and recognized
         selama periode vesting masa depan.                                  over the future vesting period.




                                                             82
Page 534
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI           YANG          2.    SUMMARY OF SIGNIFICANT                     ACCOUNTING
     SIGNIFIKAN (lanjutan)                                                POLICIES (continued)

     af. Transaksi dan saldo dalam mata uang asing                        af. Foreign currency transactions and balances

        Transaksi dalam mata uang asing dicatat                                Transactions involving foreign currencies are
        berdasarkan kurs yang berlaku pada saat                                recorded at the rates of exchange prevailing at
        transaksi dilakukan. Pada tanggal laporan                              the time the transactions are made. At
        posisi keuangan, aset dan liabilitas moneter                           statement of financial position dates, monetary
        dalam mata uang asing dijabarkan ke dalam                              assets and liabilities denominated in foreign
        mata uang Rupiah berdasarkan kurs spot                                 currencies are translated into Rupiah based on
        Reuters pada tanggal tersebut pukul 15.00                              Reuters’ spot rates at 15.00 WIB (West
        WIB. Laba atau rugi kurs yang terjadi diakui di                        Indonesian local time) on that date. The
        dalam laporan laba rugi dan penghasilan                                resulting gains or losses are recognized in the
        komprehensif lain tahun berjalan.                                      statement of profit or loss and other
                                                                               comprehensive income for the current year.

        Pada tanggal-tanggal 31 Desember 2024, 2023                             As of December 31, 2024, 2023 and 2022, the
        dan 2022, kurs yang digunakan untuk                                     exchange rates used in translating the foreign
        menjabarkan mata uang asing ke dalam Rupiah                             currencies into Rupiah are as follows (full
        adalah sebagai berikut (Rupiah penuh):                                  Rupiah):

                                    31 Desember/        31 Desember/           31 Desember/
                                  December 31, 2024   December 31, 2023      December 31, 2022
       1 Dolar Amerika Serikat           16.095,00            15.397,00              15.567,50                   1 United States Dollar
       1 Dolar Australia                 10.013,51            10.520,77              10.557,88                       1 Australian Dollar
       1 Pound Sterling Inggris          20.218,54            19.626,56              18.786,09           1 Great Britain Pound Sterling
       1 Euro Eropa                      16.758,12            17.038,32              16.581,72                         1 European Euro
       1 Yen Jepang                         103,03               108,88                 117,81                          1 Japanese Yen
       1 Ringgit Malaysia                 3.597,86             3.355,20               3.533,66                     1 Malaysian Ringgit
       1 Dolar Hong Kong                  2.073,11             1.970,73               1.996,55                     1 Hong Kong Dollar
       1 Riyal Arab Saudi                 4.284,00             4.106,00               4.139,00                   1 Saudi Arabian Riyal
       1 Renminbi                         2.204,99             2.170,06               2.238,91                               1 Renminbi
       1 Dolar Singapura                 11.844,58            11.676,34              11.592,88                       1 Singapore Dollar

     ag. Pajak penghasilan                                                ag. Income tax

        Beban pajak tahun berjalan ditetapkan                                  Current tax expense is provided based on the
        berdasarkan taksiran penghasilan kena pajak                            estimated taxable income for the current year.
        tahun berjalan. Aset dan liabilitas pajak                              Deferred tax assets and liabilities are
        tangguhan diakui atas perbedaan temporer                               recognized for temporary differences between
        aset dan liabilitas antara pelaporan komersial                         the financial and the tax bases of assets and
        dan pajak pada setiap tanggal pelaporan.                               liabilities at each reporting date.

        Aset pajak tangguhan diakui untuk seluruh                              Deferred tax assets are recognized for all
        perbedaan temporer yang boleh dikurangkan                              deductible temporary differences and carry
        dan    saldo  rugi   fiskal    yang   belum                            forward of uncompensated tax losses to the
        dikompensasikan,    sepanjang     perbedaan                            extent that it is probable for temporary
        temporer dan rugi fiskal yang belum                                    differences    and      carry    forward of
        dikompensasikan tersebut dapat dimanfaatkan                            uncompensated tax losses to be utilized in
        untuk mengurangi laba fiskal pada masa yang                            deducting future taxable profit.
        akan datang.




                                                             83
Page 535
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     ag. Pajak penghasilan (lanjutan)                                 ag. Income tax (continued)

         Jumlah tercatat aset pajak tangguhan ditelaah                     The carrying amount of deferred tax assets is
         pada setiap tanggal posisi keuangan dan nilai                     reviewed at each reporting date and reduced to
         tercatat aset pajak tangguhan tersebut                            the extent that it is no longer probable that
         diturunkan apabila tidak lagi terdapat                            sufficient taxable profits will be available to
         kemungkinan besar bahwa laba fiskal yang                          allow all or part of the benefit of the deferred tax
         memadai        akan       tersedia      untuk                     assets to be utilized.
         mengkompensasi sebagian atau semua
         manfaat aset pajak tangguhan.

         Aset dan kewajiban pajak tangguhan diukur                         Deferred tax assets and liabilities are measured
         berdasarkan tarif pajak yang akan berlaku pada                    at the tax rates that are expected to apply to the
         tahun saat aset direalisasikan atau liabilitas                    year when the asset is realized or the liability is
         diselesaikan       berdasarkan       peraturan                    settled based on tax laws that have been
         perpajakan yang berlaku atau yang secara                          enacted or substantively enacted as at
         substantif telah diberlakukan pada tanggal                        statement financial position date.
         laporan posisi keuangan.

         Pengaruh pajak terkait dengan penyisihan                          The related tax effects of the provisions for
         untuk dan/atau pembalikan seluruh perbedaan                       and/or reversals of all temporary differences
         temporer selama tahun berjalan, termasuk                          during the year, including the effect of change
         pengaruh perubahan tarif pajak, diakui sebagai                    in tax rates, are recognized as “Income Tax
         “Beban Pajak Penghasilan - Tangguhan” dan                         Expense - Deferred” and included in the
         termasuk dalam laba atau rugi neto tahun                          determination of net profit or loss for the year,
         berjalan, kecuali untuk transaksi-transaksi yang                  except to the extent that they relate to items
         sebelumnya telah langsung dibebankan atau                         previously charged or credited to equity.
         dikreditkan ke ekuitas.
         Perubahan terhadap liabilitas pajak diakui pada                   Amendment to tax obligation is recorded when
         saat surat ketetapan pajak diterima, atau                         an assessment letter is received or, if objected
         apabila diajukan keberatan dan atau banding                       to or appealed against by the Bank, when the
         oleh Bank, pada saat telah ada keputusan atas                     result of such appeal or objection is determined.
         banding dan atau keberatan tersebut.
         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. Hal ini termasuk juga                        additional taxes and penalties. This includes
         melakukan evaluasi terhadap surat ketetapan                       evaluation on tax assessment letters received
         pajak yang diterima dari kantor pajak.                            from tax authorities.

         Aset dan liabilitas atas pajak tangguhan dan                      Assets and liabilities on deferred tax and
         pajak kini dapat saling hapus apabila terdapat                    current tax can be offset if there is a legal
         hak yang berkekuatan hukum untuk melakukan                        enforceable right to offset.
         saling hapus.




                                                            84
Page 536
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                   unless otherwise stated)


2.   IKHTISAR KEBIJAKAN         AKUNTANSI    YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                       POLICIES (continued)

     ah. Pelaporan segmen                                        ah. Segment reporting

        Informasi  segmen     diungkapkan   untuk                      Segment information is disclosed to enable
        memungkinkan pengguna laporan keuangan                         users of financial statements to evaluate the
        untuk mengevaluasi sifat dan dampak                            nature and financial effects of the business
        keuangan dari aktivitas bisnis yang mana                       activities in which the Bank is involved in and
        Bank terlibat dalam lingkungan ekonomi                         the economic environment where the Bank
        dimana Bank beroperasi.                                        operates.

        Segmen operasi adalah suatu komponen dari                      An operating segment is a component of an
        entitas:                                                       entity:

        a) Yang terlibat dalam aktivitas bisnis yang                  a) That engages in business activities from
           mana memperoleh pendapatan dan                                which it may earn revenues and incur
           menimbulkan         beban       (termasuk                     expenses    (including     revenues     and
           pendapatan dan beban terkait dengan                           expenses relating to transactions with other
           transaksi dengan komponen lain dari                           components of the same entity);
           entitas yang sama);

        b) Hasil operasinya dikaji ulang secara                       b) Whose operating results are reviewed
           reguler    oleh pengambil   keputusan                         regularly by the entity’s chief operating
           operasional untuk membuat keputusan                           decision maker to make decisions about
           tentang sumber daya yang dialokasikan                         resources to be allocated to the segment
           pada segmen tersebut dan menilai                              and assess its performance; and
           kinerjanya; dan

        c) Tersedia informasi keuangan yang dapat                     c) For which discrete financial information is
           dipisahkan.                                                   available.

           Bank       telah   mengidentifikasi   dan                      The Bank identifies and discloses financial
           mengungkapkan       informasi    keuangan                      information based on the business activities
           berdasarkan kegiatan bisnis dimana Bank                        in which the Bank engages (business
           terlibat    (segmen    usaha).    Segmen                       segments)     in.   Segment     revenues,
           pendapatan, biaya, hasil, aset dan                             expenses, income, assets and liabilities
           liabilitas, termasuk bagian yang dapat                         include ítems directly attributable to a
           diatribusikan langsung kepada segmen,                          segment as well as those that can be
           serta yang dapat dialokasikan dengan                           allocated on a reasonable basis to that
           dasar yang memadai untuk segmen                                segment.
           tersebut.

     ai. Laba per saham dasar                                    ai. Basic earnings per share

        Laba per saham dasar dihitung dengan                          Basic earnings per share is computed by
        membagi laba tahun berjalan dengan jumlah                     dividing income for the year by the weighted
        rata-rata tertimbang saham yang ditempatkan                   average number of issued and fully paid shares
        dan disetor penuh pada tahun yang                             during the related year.
        bersangkutan.




                                                       85
Page 537
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     aj. Biaya emisi penerbitan saham                                   aj. Shares issuance costs

         Biaya-biaya emisi efek yang terjadi sehubungan                      Costs related to the public offering of shares
         dengan penawaran saham kepada masyarakat                            (including pre-emptive rights issue) are
         (termasuk penerbitan hak memesan efek                               deducted from the proceeds and presented as
         terlebih dahulu) dikurangkan langsung dari hasil                    a deduction from the “Additional Paid-in-Capital
         emisi dan disajikan sebagai pengurang pada                          - Net” account, under Equity section in the
         akun “Tambahan Modal Disetor - Neto”,                               statement of financial position.
         sebagai bagian dari Ekuitas pada laporan posisi
         keuangan.
     ak. Opsi Saham                                                     ak. Stock Options
         Bank telah memberikan opsi saham kepada                              The Bank has granted stock options to the
         Direksi dan pekerja pada posisi dan jabatan                          Board of Directors and employees of certain
         tertentu berdasarkan persyaratan yang telah                          positions and levels based on established
         ditetapkan. Biaya kompensasi saham pada                              criteria. Cost of stock compensation at the
         penerbitan dihitung dengan menggunakan nilai                         issuance date is calculated using the fair value
         wajar dari opsi saham tersebut dan diakui                            of the stock options and is recognized as part
         dalam akun “Beban Tenaga Kerja dan                                   of "Salaries and Employee Benefits Expense"
         Tunjangan” menggunakan metode garis lurus                            using the straight-line method over the vesting
         selama masa tunggu (vesting period).                                 period. The accumulation of the stock
         Akumulasi dari biaya kompensasi saham diakui                         compensation cost is recognized as "Stock
         sebagai “Opsi Saham” dalam bagian ekuitas.                           Options" in the equity. The fair value of the
         Penentuan nilai wajar dari opsi saham yang                           stock options granted are calculated using the
         diberikan dihitung dengan menggunakan model                          Binomial-tree option pricing model.
         penentuan harga opsi Binomial-tree (Binomial-
         tree option pricing model).

     al. Provisi                                                       al.    Provisions

         Provisi diakui jika Bank memiliki kewajiban kini                     Provisions are recognized when the Bank has
         (baik bersifat hukum maupun bersifat                                 a present obligation (legal or constructive)
         konstruktif) yang akibat peristiwa masa lalu,                        where, as a result of a past event, it is probable
         besar       kemungkinannya         penyelesaian                      that an outflow of resources embodying
         kewajiban tersebut mengakibatkan arus keluar                         economic benefits will be required to settle the
         sumber daya yang mengandung manfaat                                  obligation and a reliable estimate can be made
         ekonomi dan estimasi yang andal mengenai                             of the amount of the obligation.
         jumlah kewajiban tersebut dapat dibuat.

         Provisi ditelaah pada setiap tanggal pelaporan                       Provisions are reviewed at each reporting date
         dan disesuaikan untuk mencerminkan estimasi                          and adjusted to reflect the current best
         terbaik yang paling kini. Jika arus keluar sumber                    estimate. If it is no longer probable that an
         daya     untuk     menyelesaikan        kewajiban                    outflow of resources embodying economic
         kemungkinan besar tidak terjadi, maka provisi                        benefits will be required to settle the obligation,
         dibatalkan.                                                          the provision is reversed.




                                                             86
Page 538
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI       YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                            POLICIES (continued)

     am. Agunan yang diambil alih                                     am. Foreclosed collaterals

         Agunan yang diambil alih disajikan dalam akun                      Foreclosed collaterals are included in the
         “Aset Lain-lain”                                                   “Other Assets” account.

         Agunan yang diambil alih (AYDA) adalah aset                        Foreclosed collaterals represent assets
         yang diperoleh Bank baik melalui pelelangan                        acquired by the Bank both from auction and non
         maupun diluar pelelangan berdasarkan                               auction based on voluntary transfer by the
         penyerahan secara sukarela oleh pemilik                            debtor or based on debtor’s approval to sell the
         agunan atau berdasarkan kuasa untuk menjual                        collateral where the debtor could not fulfill their
         diluar lelang dari pemilik agunan dalam hal                        obligations to the Bank. Foreclosed collaterals
         debitur tidak memenuhi liabilitasnya kepada                        represent loan collateral that were taken over
         Bank. AYDA merupakan jaminan kredit yang                           as part of loans settlement and presented in
         diberikan yang telah diambil alih sebagai bagian                   “Other Assets”.
         dari penyelesaian kredit yang diberikan dan
         disajikan pada “Aset Lain-lain”

         Agunan yang diambil alih diakui sebesar nilai                      Foreclosed collaterals are stated at net
         neto yang dapat direalisasi atau sebesar nilai                     realizable value or stated at loan outstanding
         outstanding kredit yang diberikan, mana yang                       amount, whichever is lower. Net realizable
         lebih rendah. Nilai neto yang dapat direalisasi                    value is the fair value of the foreclosed
         adalah nilai wajar agunan yang diambil alih                        collaterals less the estimated costs to sell the
         dikurangi dengan estimasi biaya untuk menjual                      assets. The excess of loan receivable over the
         agunan tersebut. Selisih lebih saldo kredit di                     net realizable value of the foreclosed collateral
         atas nilai neto yang dapat direalisasi dari                        is charged to allowance for impairment losses.
         agunan yang diambil alih dibebankan ke dalam                       The difference between the recorded amount of
         akun cadangan kerugian penurunan nilai aset.                       the foreclosed collateral and the proceeds from
         Selisih antara nilai agunan yang diambil alih                      the sale of such collateral is recorded as a gain
         dengan hasil penjualan diakui sebagai                              or loss at the time of sale.
         keuntungan atau kerugian pada saat penjualan.

         Beban-beban    yang     berkaitan    dengan                        Maintenance and repair costs related to
         pemeliharaan agunan yang diambil alih                              foreclosed collaterals are charged as an
         dibebankan dalam laporan laba rugi pada saat                       expense in profit or loss when incurred.
         terjadinya.

         Bila terjadi penurunan nilai yang bersifat                         If there is permanent decline in value, the
         permanen, maka nilai tercatatnya dikurangi                         carrying amount of foreclosed collaterals is
         untuk mengakui penurunan tersebut dan                              written down to recognize such permanent
         kerugiannya dibebankan dalam laporan laba                          decline in value and any losses from such write-
         rugi.                                                              down is recognized in profit or loss.

     an. Instrumen derivatif                                          an. Derivative Instruments

         Instrumen keuangan derivatif diukur dan diakui                    Derivatives financial instruments are valued and
         di laporan posisi keuangan pada nilai wajar.                      recognized in the statement of financial position
                                                                           at fair value net of allowance for possible losses.

         Setiap kontrak derivatif dicatat sebagai aset                     Each derivatives contract is recorded as asset
         apabila memiliki nilai wajar positif dan sebagai                  when the fair value is positive and as liability
         liabilitas apabila memiliki nilai wajar negatif.                  when the fair value is negative.




                                                            87
Page 539
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR KEBIJAKAN           AKUNTANSI        YANG           2.   SUMMARY OF SIGNIFICANT                    ACCOUNTING
     SIGNIFIKAN (lanjutan)                                             POLICIES (continued)

     an. Instrumen derivatif (lanjutan)                                an. Derivative Instruments (continued)
         Tagihan dan liabilitas derivatif diklasifikasikan                  Derivatives receivable and payable are
         sebagai aset dan liabilitas keuangan yang                          classified as financial assets and liabilities
         diukur pada nilai wajar melalui laba rugi.                         measured at fair value through profit or loss.

         Keuntungan atau kerugian yang terjadi dari                         Gains or losses resulting from fair value
         perubahan nilai wajar diakui dalam laporan laba                    changes are recognized in the statement of
         rugi dan penghasilan komprehensif lain.                            profit or loss and other comprehensive income.
         Nilai wajar instrumen derivatif ditentukan                         The fair value of derivatives instruments is
         berdasarkan diskonto arus kas dan model                            determined based on discounted cash flows and
         penentu harga atau harga yang diberikan oleh                       pricing models or quoted prices from brokers of
         broker (quoted price) atas instrumen lainnya                       other instruments with similar characteristics,
         yang memiliki karakteristik serupa, yang                           which refers to SFAS No. 113, "Fair Value
         mengacu pada PSAK No. 113 ”Pengukuran                              Measurement" (Note 2d).
         Nilai Wajar” (Catatan 2d).
         Keuntungan atau kerugian dari kontrak derivatif                    Gains or losses from derivative contracts are
         disajikan dalam laporan keuangan berdasarkan                       presented in the financial statements based on
         tujuan Bank atas transaksi yaitu untuk (a)                         its purpose designated upon acquisition, as (a)
         lindung nilai atas nilai wajar, (b) lindung nilai                  fair value hedge, (b) cash flow hedge, (c) net
         atas arus kas, (c) lindung nilai atas investasi                    investment in a foreign operation hedge, and (d)
         bersih pada kegiatan operasi luar negeri dan                       trading instruments as follows:
         (d) instrumen perdagangan, sebagai berikut:

        a. Keuntungan atau kerugian dari kontrak                           a.    Gain or loss on a derivative contract
           derivatif yang ditujukan dan memenuhi                                 designated and qualified as a fair value
           syarat sebagai instrumen lindung nilai atas                           hedging instrument and the gain or loss
           nilai wajar dan keuntungan atau kerugian                              arising from the changes in fair value of
           atas perubahan nilai wajar aset dan liabilitas                        hedged assets and liabilities is recognised
           yang dilindungi, diakui sebagai laba atau                             as gain or loss that can be set off one
           rugi yang dapat saling hapus dalam periode                            another during the same accounting
           akuntansi yang sama. Setiap selisih yang                              period/year. Any difference representing
           terjadi        menunjukkan          terjadinya                        hedge ineffectiveness is directly recognized
           ketidakefektifan lindung nilai dan secara                             as gain or loss in current period.
           langsung diakui sebagai laba atau rugi
           periode berjalan.
        b. Bagian efektif dari keuntungan atau kerugian                     b. The effective portion arising from gain or
           atas kontrak derivatif yang ditujukan sebagai                       loss of derivative contracts, designated as a
           lindung nilai atas arus kas dilaporkan                              cash flow hedge instruments is reported as
           sebagai penghasilan komprehensif lain.                              other comprehensive income. The hedge
           Bagian yang tidak efektif dari lindung nilai                        ineffective portion is recognized as a gain or
           dilaporkan sebagai laba atau rugi periode                           loss in the current period.
           berjalan.
        c. Keuntungan atau kerugian dari kontrak                            c. Gain or loss arising from derivative contract
           derivatif yang ditujukan sebagai lindung nilai                      that is designated as a net investment hedge
           atas investasi bersih pada kegiatan operasi                         in a foreign operation is reported as other
           luar negeri dilaporkan sebagai penghasilan                          comprehensive income, as long as the
           komprehensif lain, sepanjang transaksi                              transactions are effectively recognized as
           tersebut dianggap efektif sebagai transaksi                         hedge transactions.
           lindung nilai.
        d. Keuntungan atau kerugian dari kontrak                            d. Gain or loss arising from derivative contract
           derivatif yang tidak ditujukan sebagai                              that is not designated as a hedging
           instrumen lindung nilai (atau kontrak derivatif                     instrument (or derivative contract that does
           yang tidak memenuhi persyaratan sebagai                             not qualify as a hedging instrument) is
           instrumen lindung nilai) diakui sebagai laba                        recognized as gain or loss in current period.
           atau rugi pada periode berjalan.


                                                             88
Page 540
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                           3.   USE   OF    SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                             JUDGMENTS, ESTIMATES AND ASSUMPTIONS

     Penyusunan         laporan     keuangan       Bank               The preparation of the Bank’s financial statements
     mengharuskan manajemen untuk membuat                             requires management to make judgments,
     pertimbangan, estimasi dan asumsi yang                           estimates and assumptions that affect the reported
     mempengaruhi jumlah yang dilaporkan dari                         amounts of revenues, expenses, assets and
     pendapatan, beban, aset dan liabilitas, dan                      liabilities, and the disclosure of contingent liabilities,
     pengungkapan atas liabilitas kontinjensi, pada akhir             at the end of the reporting period. Uncertainty about
     periode pelaporan. Ketidakpastian mengenai                       these assumptions and estimates could result in
     asumsi dan estimasi tersebut dapat mengakibatkan                 outcomes that require a material adjustment to the
     penyesuaian material terhadap nilai tercatat aset                carrying amounts of the asset and liability affected
     dan liabilitas dalam periode pelaporan berikutnya.               in future periods.

     Pertimbangan                                                      Judgments

     Pertimbangan berikut ini dibuat oleh manajemen                    The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Bank                   in the process of applying the Bank’s accounting
     yang memiliki pengaruh paling signifikan atas                     policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan Bank:                   amounts recognized in the Bank’s Financial
                                                                       Statements:
     Usaha yang berkelanjutan                                          Going concern

     Manajemen Bank telah melakukan penilaian atas                     The Bank’s management has made an assessment
     kemampuan        Bank      untuk    melanjutkan                   of the Bank’s ability to continue as a going concern
     kelangsungan usahanya dan berkeyakinan bahwa                      and is satisfied that the Bank has the resources to
     Bank memilki sumber daya untuk melanjutkan                        continue its business for the foreseeable future.
     usahanya di masa mendatang. Selain itu,                           Furthermore, the management is not aware of any
     manajemen Bank tidak mengetahui adanya                            material uncertainties that may cast significant
     ketidakpastian material yang dapat menimbulkan                    doubt to the Bank’s ability to continue as a going
     keraguan yang signifikan terhadap kemampuan                       concern. Therefore, the financial statements
     Bank untuk melanjutkan usahanya. Oleh karena itu,                 continues to be prepared on the going concern
     laporan keuangan telah disusun atas dasar usaha                   basis.
     yang berkelanjutan.

     Klasifikasi aset dan liabilitas keuangan                          Classification of financial assets and financial
                                                                       liabilities

     Bank menetapkan klasifikasi atas aset dan liabilitas              The Bank determines the classifications of certain
     tertentu sebagai aset keuangan dan liabilitas                     assets and liabilities as financial assets and
     keuangan dengan mempertimbangkan bila definisi                    financial liabilities by judging if they meet the
     yang ditetapkan PSAK No. 109, “Instrumen                          definition set forth in SFAS No. 109, “Financial
     Keuangan” dipenuhi. Dengan demikian, aset                         Instument”. Accordingly, the financial assets and
     keuangan dan liabilitas keuangan diakui sesuai                    financial liabilities are accounted for in accordance
     dengan kebijakan akuntansi Bank seperti                           with the Bank’s accounting policies disclosed in
     diungkapkan pada Catatan 2d.                                      Note 2d.




                                                            89
Page 541
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


3.       PENGGUNAAN PERTIMBANGAN, ESTIMASI                          3.   USE   OF    SIGNIFICANT   ACCOUNTING
         DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                            JUDGMENTS, ESTIMATES AND ASSUMPTIONS
         (lanjutan)                                                      (continued)
         Pertimbangan (lanjutan)                                          Judgments (continued)

         Pertimbangan berikut ini dibuat oleh manajemen                  The following judgments are made by management
         dalam rangka penerapan kebijakan akuntansi                      in the process of applying the Bank’s accounting
         Bank yang memiliki pengaruh paling signifikan                   policies that have the most significant effects on
         atas jumlah yang diakui dalam laporan keuangan                  the amounts recognized in the Bank’s Financial
         Bank: (lanjutan)                                                Statements: (continued)
         Nilai wajar instrumen keuangan                                   Fair value of financial instruments
       Semua aset dan liabilitas dimana nilai wajar diukur                All assets and liabilities in which fair value is
       atau diungkapkan dalam laporan keuangan dapat                      measured or disclosed in the Financial Statements
       dikategorikan pada level hirarki nilai wajar,                      can be classified in fair value hierarchy levels,
       berdasarkan tingkatan input terendah yang                          based on the lowest level of input that is significant
       signifikan atas pengukuran nilai wajar secara                      to the overall fair value measurement:
       keseluruhan:
     -     Level 1: harga kuotasian (tanpa penyesuaian)                  -     Level 1: quoted prices (without adjustments) in
           di pasar aktif untuk aset atau liabilitas yang                      active markets for identical assets or liabilities
           identik yang dapat diakses pada tanggal                             which are accessible at the measurement date.
           pengukuran.
                                                                         -     Level 2: inputs other than quoted prices
     -      Level 2: input selain harga kuotasian yang
                                                                               included in level 1 that are observable for the
            termasuk dalam level 1 yang dapat diobservasi
                                                                               assets and liabilities, either directly or indirectly.
            untuk aset dan liabilitas, baik secara langsung
            atau tidak langsung.
     -      Level 3: input yang tidak dapat diobservasi                  -     Level 3: inputs that are not observable for the
            untuk aset dan liabilitas.                                         assets and liabilities.

         Aset keuangan yang tidak memiliki harga pasar                    Financial assets not quoted in an active market
         Bank mengklasifikasikan aset keuangan dengan                     The Bank classifies financial assets by evaluating,
         mengevaluasi, antara lain, apakah nilai tersebut                 among others, whether the asset is quoted or not in
         dikutip atau tidak di pasar aktif. Termasuk dalam                an active market. Included in the evaluation on
         evaluasi mengenai apakah aset keuangan dikutip                   whether a financial asset is quoted in an active
         di pasar aktif adalah penentuan apakah harga                     market is the determination on whether quoted
         pasar dapat segera dan secara teratur tersedia,                  prices are readily and regularly available, and
         dan apakah mereka mewakili harga aktual dan                      whether those prices represent actual and regularly
         teratur terjadi transaksi pasar secara arms-length.              occurring market transactions on an arm’s length
                                                                          basis.

         Kontinjensi                                                      Contingencies
         Bank sedang terlibat dalam proses hukum.                         The Bank is currently involved in legal proceedings.
         Perkiraan biaya kemungkinan bagi penyelesaian                    The estimate of the probable cost for the resolution
         klaim telah dikembangkan melalui konsultasi                      of claims has been developed in consultation with
         dengan bantuan konsultan hukum Bank didasarkan                   the aid of the external legal counsel handling the
         pada analisis hasil yang potensial. Manajemen                    Bank’s defense in this matter and is based upon an
         tidak berkeyakinan bahwa hasil dari hal ini akan                 analysis of potential results. Management does not
         mempengaruhi hasil usaha. Besar kemungkinan,                     believe that the outcome of this matter will affect the
         bagaimanapun, bahwa hasil operasi di masa depan                  results of operations. It is probable, however, that
         dapat secara material terpengaruh oleh perubahan                 future results of operations could be materially
         dalam estimasi atau efektivitas dari strategi yang               affected by changes in the estimates or in the
         terkait dengan hal tersebut.                                     effectiveness of the strategies relating to these
                                                                          proceedings.




                                                               90
Page 542
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                          3.   USE     OF  SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                            JUDGMENTS, ESTIMATES AND ASSUMPTIONS
     (lanjutan)                                                      (continued)

     Pertimbangan (lanjutan)                                          Judgments (continued)

     Pertimbangan berikut ini dibuat oleh manajemen                   The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Bank                  in the process of applying the Bank’s accounting
     yang memiliki pengaruh paling signifikan atas                    policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan Bank:                  amounts recognized in the Bank’s Financial
     (lanjutan)                                                       Statements: (continued)
     Estimasi dan Asumsi                                              Estimates and Assumptions
     Asumsi utama masa depan dan sumber utama                         The key assumptions concerning the future and
     estimasi ketidakpastian lain pada tanggal                        other key sources of estimation uncertainty at the
     pelaporan yang memiliki risiko untuk dapat                       reporting date that have a significant risk of causing
     menyebabkan penyesuaian yang material terhadap                   a material adjustment to the carrying amounts of
     nilai tercatat aset dan liabilitas untuk tahun                   assets and liabilities within the next financial year
     berikutnya seperti yang diungkapkan di bawah ini.                are disclosed below. The Bank based its
     Bank mendasarkan asumsi dan estimasi yang                        assumptions and estimates on parameters
     digunakan pada parameter yang tersedia pada saat                 available when the financial statements were
     laporan keuangan disusun.                                        prepared.
     Asumsi dan situasi mengenai perkembangan masa                    Existing circumstances and assumptions about
     depan dapat berubah akibat perubahan pasar atau                  future developments may change due to market
     situasi yang timbul di luar kendali Bank. Perubahan              changes or circumstances arising beyond the
     tersebut dicerminkan dalam asumsi yang                           control of the Bank. Such changes are reflected in
     digunakan pada saat terjadinya.                                  the assumptions when they occur.

     Cadangan kerugian penurunan nilai dari kredit                    Allowance for impairment losses on loans and
     dan pembiayaan/piutang syariah                                   sharia financing/receivables
     Bank menelaah aset keuangan mereka pada nilai                    The Bank reviews their financial assets at fair value
     wajar melalui pendapatan komprehensif lain dan                   through other comprehensive income and financial
     aset keuangan pada biaya perolehan diamortisasi                  assets at amortized cost under SFAS No. 109 which
     berdasarkan PSAK No. 109 yang mengharuskan                       required to recognize the expected credit loss at
     untuk mengakui kerugian kredit ekspektasian pada                 each reporting date to reflect changes in credit risk
     setiap tanggal pelaporan untuk mencerminkan                      of the financial assets not at fair value through profit
     perubahan risiko kredit dari aset keuangan tidak                 or loss. SFAS No. 109 incorporates forward looking
     pada nilai wajar melalui laba rugi. PSAK No. 109                 and historical, current and forecasted information
     menggabungkan informasi forward-looking dan                      into expected credit loss estimation
     historis, terkini dan yang diperkirakan ke dalam
     estimasi kerugian kredit ekspektasian.




                                                           91
Page 543
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                          3.   USE     OF  SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                            JUDGMENTS, ESTIMATES AND ASSUMPTIONS
     (lanjutan)                                                      (continued)

     Estimasi dan Asumsi (lanjutan)                                   Estimates and Assumptions (continued)
     Cadangan kerugian penurunan nilai dari kredit                    Allowance for impairment losses on loans and
     dan pembiayaan/piutang syariah (lanjutan)                        sharia financing/receivables (continued)
     Dalam melakukan peninjauan penurunan nilai,                      In carrying out the impairment review, the following
     penilaian manajemen berikut diperlukan:                          management‟s judgements are required:
     i.   Penentuan      apakah     aset      mengalami               i.  Determination whether the assets is impaired
          penurunan nilai berdasarkan indikator tertentu                  based on certain indicators such as, amongst
          seperti, antara lain, kesulitan keuangan                        others, financial difficulties of the debtor’s,
          debitur, penurunan kualitas kredit; dan                         deterioration of the credit quality of the
                                                                          debtor’s; and
     ii. Penentuan umur kredit ekspektasian yang                      ii. Determination of expected credit life that
         mencerminkan:                                                    reflect:
         a. Jumlah yang tidak bias dan probabilitas                       a. An unbiased and probability-weighted
             tertimbang yang ditentukan dengan                                 amount that is determined by evaluating
             mengevaluasi kemungkinan dari berbagai                            a range of possible outcomes;
             hasil;
         b. Nilai waktu dari uang.                                         b.   The time value of money.
     Penurunan nilai untuk surat berharga                             Impairment of securities
     Bank menentukan bahwa surat berharga memiliki                    The Bank determines that securities are impaired
     kriteria penurunan nilai yang sama dengan aset                   based on the same criteria as financial assets
     keuangan yang dicatat pada biaya perolehan                       carried at amortized cost.
     diamortisasi.
     Umur ekonomis dari aset tetap                                    Useful lives of premises and equipment
     Bank memperkirakan masa manfaat aset tetap                       The Bank estimates the useful lives of premises
     berdasarkan periode dimana aset diharapkan akan                  and equipment based on the period over which the
     tersedia untuk digunakan. Masa manfaat ekonomis                  assets are expected to be available-for-use. The
     aset tetap ditinjau secara berkala dan diperbarui                estimated useful lives of premises and equipment
     jika memiliki ekspektasi yang berbeda dari                       are reviewed periodically and are updated if
     perkiraan sebelumnya, karena kerusakan secara                    expectations differ from previous estimates due to
     fisik dan teknis, atau keusangan secara komersial                physical wear and tear, technical or commercial
     dan legal atau batasan lainnya atas penggunaan                   obsolescence and legal or other limits on the use of
     aset tersebut.                                                   the assets.
     Selain hal tersebut, estimasi masa manfaat dari                  In addition, estimation of the useful lives of
     aset tetap didasarkan pada penilaian secara                      premises and equipment is based on collective
     kolektif dengan menggunakan praktik industri,                    assessment of industry practice, internal technical
     teknik evaluasi internal dan pengalaman dengan                   evaluation and experience with similar assets.
     aset serupa.
     Tetap dimungkinkan, bagaimanapun, bahwa hasil                    It is possible, however, that future results of
     masa depan dapat secara material dipengaruhi                     operations could be materially affected by changes
     oleh perubahan estimasi yang disebabkan oleh                     in estimates brought about by changes in factors
     perubahan faktor-faktor tersebut di atas.                        mentioned above.
     Jumlah dan saat pencatatan biaya untuk setiap                    The amounts and timing of recorded expenses for
     periode akan dipengaruhi oleh perubahan dari                     any period would be affected by changes in these
     faktor dan keadaan saat pencatatan. Pengurangan                  factors and circumstances. The reduction in the
     taksiran masa manfaat dari aset tetap akan                       estimated useful lives of premises and equipment
     meningkatkan beban operasional yang diakui.                      would increase the recorded operating expenses.




                                                           92
Page 544
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                        3.   USE     OF  SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                          JUDGMENTS, ESTIMATES AND ASSUMPTIONS
     (lanjutan)                                                    (continued)

     Estimasi dan Asumsi (lanjutan)                                 Estimates and Assumptions (continued)

     Umur ekonomis dari aset tidak berwujud                         Useful lives of intangible assets
     Bank memperkirakan masa manfaat aset tak                       The Bank estimates the useful life of intangible
     berwujud berdasarkan periode dimana aset                       assets based on the period during which the assets
     diharapkan akan tersedia untuk digunakan. Masa                 are expected to be available for use. The economic
     manfaat ekonomis aset tak berwujud ditinjau                    useful life of intangible assets is reviewed
     secara berkala dan diperbarui jika memiliki                    periodically and updated if there are changes in
     ekspektasi yang berbeda dari perkiraan                         expectations from previous estimates.
     sebelumnya.

     Berdasarkan rata-rata penggunaan piranti lunak                 Based on the average usage of software at the
     pada Bank, untuk umur manfaat aset tak berwujud                Bank, the useful life of intangible assets is
     ditetapkan oleh unit pengelola aset tak berwujud               determined by the intangible asset management
     selama 5 Tahun.                                                unit to be 5 years.

     Selain hal tersebut, estimasi masa manfaat dari                In addition, the estimate of the useful life of
     aset tak berwujud didasarkan pada penilaian                    intangible assets is based on a collective
     secara kolektif dengan menggunakan praktik                     assessment using industry practices, internal
     industri teknik evaluasi internal dan pengalaman               evaluation techniques, and experience with similar
     dengan aset serupa.                                            assets.

     Jangka waktu sewa                                              The lease term

     Bank menentukan jangka waktu sewa sebagai                      The Bank determines the lease term as a non
     jangka waktu sewa yang tidak dapat dibatalkan,                 cancellable lease term, along with the period
     bersama dengan periode yang dicakup oleh opsi                  covered by the option to extend the lease if it is
     untuk memperpanjang masa sewa jika dipastikan                  reasonably exercised, or any period covered by the
     akan dilaksanakan, atau periode apa pun yang                   option to terminated the lease, if it is reasonable not
     dicakup oleh opsi untuk menghentikan sewa, jika                to exercise.
     cukup wajar untuk tidak dilakukan.

     Bank memiliki beberapa kontrak sewa yang                       The Bank has several leases that include extention
     mencakup opsi perpanjangan dan penghentian                     option and termination of lease term. Bank
     jangka waktu sewa. Bank menerapkan penilaian                   implements the assessment in evaluating whether
     dalam mengevaluasi apakah dapat dipastikan jika                it ensure to exercise the extention or termination
     akan menggunakan opsi untuk memperpanjang                      option of lease. This done by taking into
     atau menghentikan sewa. Hal tersebut dilakukan                 consideration of all relevant facts and
     dengan mempertimbangkan seluruh fakta dan                      circumstances that provide economic incentives for
     keadaan yang relevan yang memberikan insentif                  the extention or termination of the lease. After the
     ekonomi untuk melakukan perpanjangan atau                      commencement date, the Bank assesses the lease
     penghentian sewa. Setelah tanggal dimulainya,                  term, if there is an event or significant change in
     Bank menilai kembali masa sewa, jika terdapat                  circumstances that are in control and affects
     peristiwa atau perubahan signifikan dalam keadaan              whether the Bank is reasonable to exercise the
     yang berada dalam kendali dan mempengaruhi                     extention or termination option of the lease.
     apakah Bank cukup pasti untuk mengeksekusi opsi
     memperpanjang atau menghentikan sewa.

     Penurunan nilai aset non-keuangan                              Impairment of non-financial assets
     Bank mengevaluasi penurunan nilai aset non-                   The Bank assesses impairment of non-financial
     keuangan apabila terdapat kejadian atau                       assets whenever events or changes in
     perubahan keadaan yang mengindikasikan bahwa                  circumstances indicate that the carrying amount of
     nilai tercatat aset non-keuangan tidak dapat                  non-financial asset may not be recoverable.
     dipulihkan kembali.



                                                         93
Page 545
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                         3.   USE     OF  SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                           JUDGMENTS, ESTIMATES AND ASSUMPTIONS
     (lanjutan)                                                     (continued)

     Estimasi dan Asumsi (lanjutan)                                  Estimates and Assumptions (continued)

     Faktor-faktor penting yang dapat menyebabkan                   The factors that the Bank considers important which
     penelaahan penurunan nilai adalah sebagai                      could trigger an impairment review include the
     berikut:                                                       following:
     a) Kinerja yang rendah secara signifikan jika                  a) significant underperformance relative to
         dibandingkan dengan ekspektasi dari hasil                       expected historical or projected future operating
         operasi historis maupun proyeksi hasil operasi                  results;
         di masa yang akan datang;
     b) perubahan yang signifikan dalam cara                        b)    significant changes in the manner of use of the
         penggunaan aset atau strategi bisnis secara                      acquired assets or the strategy for overall
         keseluruhan; dan                                                 business; and
     c) Industri atau tren ekonomi yang secara                      c)    significant negative industry or economic
         signifikan bernilai negatif.                                     trends.

     Bank mengakui kerugian penurunan nilai apabila                  The Bank recognizes an impairment loss whenever
     nilai tercatat aset melebihi nilai yang dapat                   the carrying amount of an asset exceeds its
     dipulihkan.                                                     recoverable amount.

     Jumlah terpulihkan adalah nilai yang lebih tinggi               The recoverable amount is the higher of an asset’s
     antara nilai wajar dikurang biaya pelepasan dengan              (or Cash Generating Unit’s) fair value less costs of
     nilai pakai aset (atau unit penghasil kas). Jumlah              disposals and its value in use. Recoverable
     terpulihkan diestimasi untuk aset individual atau,              amounts are estimated for individual assets or, if it
     jika tidak memungkinkan, untuk unit penghasil kas               is not possible, for the Cash Generating Unit to
     yang mana aset tersebut merupakan bagian                        which the asset belongs.
     daripada unit tersebut.

     Pengakuan aset pajak tangguhan                                  Recognition of deferred tax assets

     Aset pajak tangguhan diakui untuk seluruh saldo                 Deferred tax assets are recognized for all unused
     rugi fiskal yang belum digunakan sejauh terdapat                tax losses and credits to the extent that it is probable
     kemungkinan bahwa saldo rugi tersebut dapat                     that taxable income will be available against which
     dikompensasikan terhadap penghasilan kena                       the losses can be utilized.
     pajak di masa yang akan datang.

     Pertimbangan manajemen yang signifikan                          Significant management judgment is required to
     diperlukan untuk menentukan jumlah aset pajak                   determine the amount of deferred tax assets that
     tangguhan yang dapat diakui, sesuai dengan saat                 can be recognized, based upon the likely timing and
     dan jumlah penghasilan kena pajak di masa                       level of future taxable income together with future
     mendatang seiring dengan strategi perencanaan                   tax planning strategies.
     pajak.




                                                          94
Page 546
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                         3.    USE     OF  SIGNIFICANT   ACCOUNTING
     DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN                            JUDGMENTS, ESTIMATES AND ASSUMPTIONS
     (lanjutan)                                                      (continued)

     Estimasi dan Asumsi (lanjutan)                                  Estimates and Assumptions (continued)

     Bank menelaah aset pajak tangguhan pada setiap                 The Bank reviews its deferred tax assets at each
     tanggal laporan posisi keuangan dan mengurangi                 statement of financial position date and reduces the
     jumlah tercatat dalam hal tidak adanya lagi                    carrying amount to the extent that it is no longer
     kemungkinan bahwa penghasilan kena pajak yang                  probable that sufficient taxable income will be
     cukup akan tersedia untuk mengkompensasi                       available to allow all or part of the deferred tax
     sebagian atau seluruh aset pajak tangguhan.                    assets to be utilized.

     Pertimbangan signifikan diperlukan         dalam               Significant judgement is required in determining the
     menentukan provisi perpajakan                                  provision for taxes

     Bank menentukan provisi perpajakan berdasarkan                 The Bank provides for tax provision based on
     estimasi atas kemungkinan adanya tambahan                      estimates whether the additional taxes will be due.
     beban pajak. Jika hasil akhir dari hal ini berbeda             Where the final tax outcome of these matters is
     dengan jumlah yang dicatat semula, maka                        different from the amounts that were initially
     perbedaan tersebut akan berdampak terhadap                     recorded, such differences will impact the profit/loss.
     laba/rugi.

     Nilai kini atas kewajiban pensiun                              Present value of retirement obligation

     Biaya atas program pensiun dan imbalan pasca                   The cost of defined retirement pension plan and other
     kerja lainnya ditentukan dengan perhitungan                    post employment benefits is determined using
     aktuaris.                                                      actuarial valuations.

     Perhitungan aktuaris melibatkan penggunaan                     The actuarial valuation involves making assumptions
     asumsi mengenai tingkat diskonto, tingkat                      about discount rates, expected rates of return on
     pengembalian yang diharapkan dari aset,                        assets, future salary increases, mortality rates and
     kenaikan gaji di masa depan, tingkat kematian dan              disability rate. Due to the long-term nature of these
     tingkat kecacatan. Karena program tersebut                     plans, such estimates are subject to significant
     memiliki sifat jangka panjang, maka perkiraan                  uncertainty.
     tersebut memiliki ketidakpastian yang signifikan.




                                                          95
Page 547
                                                                                                       The original financial statements included herein are in the
                                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                       unless otherwise stated)


4.   KAS                                                                                      4.         CASH
                                         31 Desember/                        31 Desember/                          31 Desember/
                                       December 31, 2024                   December 31, 2023                      December 31, 2022

                                Jumlah nosional                     Jumlah nosional                        Jumlah nosional
                                mata uang asing/                    mata uang asing/                       mata uang asing/
                                Notional amount                     Notional amount                        Notional amount
                                   in foreign                          in foreign                             in foreign
                                   currencies      Ekuivalen/          currencies         Ekuivalen/          currencies      Ekuivalen/
                                 (angka penuh/     Equivalent        (angka penuh/        Equivalent        (angka penuh      Equivalent
                                  full amount)      Rupiah            full amount)         Rupiah            full amount)     Equivalent

     Rupiah                                           2.072.074                              2.095.378                           1.645.841                          Rupiah


     Mata uang asing                                                                                                                                    Foreign currencies
     Dolar Amerika Serikat            1.287.963            20.730        1.183.419              18.221            711.837             11.081          United States Dollar
     Dolar Singapura                    513.134             6.078          598.715               6.991            193.883              2.248               Singapore Dollar
     Euro Eropa                         170.315             2.854           94.220               1.605             34.410                570                European Euro
     Dolar Australia                    163.485             1.637          279.700               2.943             99.490              1.050               Australian Dollar
     Pound Sterling Inggris              38.265               774           41.035                 805              2.350                 44   Great Britain Pound Sterling
     Riyal Arab Saudi                   139.167               596           34.040                 140             19.573                 81           Saudi Arabian Riyal
     Yen Jepang                       3.255.000               335        5.497.000                 598          1.310.000                154                 Japanese Yen
     Ringgit Malaysia                    84.349               303           90.389                 303             87.453                309             Malaysian Ringgit
     Renminbi                            61.213               135           61.204                 133             26.102                 58                      Renminbi
     Dolar Hong Kong                     50.260               104          188.570                 372             46.550                 97             Hong Kong Dollar

                                                           33.546                               32.111                                15.692

     Total                                            2.105.620                              2.127.489                           1.661.533                            Total




     Saldo dalam mata uang Rupiah termasuk uang                                                          The Rupiah balance includes cash in ATMs
     pada Anjungan Tunai Mandiri (ATM) sebesar                                                           (Automated Teller Machines) of Rp297,820,
     Rp297.820, Rp311.154 dan Rp270.091, masing-                                                         Rp311,154 and Rp270,091, as of December 31,
     masing pada tanggal 31 Desember 2024, 2023 dan                                                      2024, 2023 and 2022, respectively.
     2022.

5.   GIRO PADA BANK INDONESIA                                                                 5.         CURRENT ACCOUNTS WITH BANK INDONESIA
                                         31 Desember/                        31 Desember/                          31 Desember/
                                       December 31, 2024                   December 31, 2023                      December 31, 2022

                                Jumlah nosional                     Jumlah nosional                        Jumlah nosional
                                mata uang asing/                    mata uang asing/                       mata uang asing/
                                Notional amount                     Notional amount                        Notional amount
                                   in foreign                          in foreign                             in foreign
                                   currencies      Ekuivalen/          currencies         Ekuivalen/          currencies      Ekuivalen/
                                 (angka penuh/     Equivalent        (angka penuh/        Equivalent        (angka penuh      Equivalent
                                  full amount)      Rupiah            full amount)         Rupiah            full amount)     Equivalent

     Rupiah                                          21.133.838                             17.607.788                          25.192.737                         Rupiah
     Mata uang asing                                                                                                                                      Foreign currency
        Dolar Amerika Serikat       99.787.638        1.606.082         34.940.135             537.973         14.402.083         224.204          United States Dollar

     Total                                           22.739.920                             18.145.761                          25.416.941                            Total



     Dalam giro pada Bank Indonesia termasuk giro                                                        Current accounts with Bank Indonesia include
     yang didasarkan pada prinsip perbankan syariah                                                      current accounts based on sharia banking
     sebesar    Rp2.720.152,    Rp3.290.216    dan                                                       principles amounting to Rp2,720,152, Rp3,290,216
     Rp3.381.362 masing-masing pada tanggal 31                                                           and Rp3,381,362 as of December 31, 2024, 2023
     Desember 2024, 2023 dan 2022.                                                                       and 2022, respectively.




                                                                                     96
Page 548
                                                                                                              The original financial statements included herein are in the
                                                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                              unless otherwise stated)


6.   GIRO PADA BANK LAIN                                                                             6.         CURRENT ACCOUNTS WITH OTHER BANKS

     a.     Berdasarkan mata uang                                                                               a.      By currency
                                          31 Desember/                             31 Desember/                              31 Desember/
                                        December 31, 2024                        December 31, 2023                          December 31, 2022

                                Jumlah nosional                         Jumlah nosional                              Jumlah nosional
                                mata uang asing/                        mata uang asing/                             mata uang asing/
                                Notional amount                         Notional amount                              Notional amount
                                   in foreign                              in foreign                                   in foreign
                                   currencies          Ekuivalen/          currencies            Ekuivalen/             currencies         Ekuivalen/
                                 (angka penuh/         Equivalent        (angka penuh/           Equivalent           (angka penuh         Equivalent
                                  full amount)          Rupiah            full amount)            Rupiah               full amount)        Equivalent

             Rupiah                                        130.372                                    234.046                                  540.052                               Rupiah

             Mata uang asing                                                                                                                                             Foreign currencies
             Dolar Amerika Serikat 287.618.441            4.629.219            48.194.949             742.058            19.465.688            304.746                 United States Dollar
             Yen Jepang             6.876.408.203           708.476         7.806.707.206             849.955         3.825.323.896            450.661                        Japanese Yen
             Euro Eropa                11.867.005           198.869             4.801.220              81.805               104.380             30.893                       European Euro
             Pound Sterling Inggris     9.283.447           187.698             4.344.397              85.266             3.372.747             63.361          Great Britain Pound Sterling
             Australia Dollar           6.287.352            62.958            16.604.307             174.690             4.480.725             47.307                      Australian Dollar
             Singapura Dollar           2.551.720            30.224             2.758.939              32.214             2.950.598             34.206                      Singapore Dollar
             Renminbi                   1.782.529             3.930             1.550.357               3.364               460.499              1.031                             Renminbi

                                                          5.821.374                                 1.969.352                                  932.205

          Total                                           5.951.746                                 2.203.398                                 1.472.257                               Total
          Dikurangi cadangan                                                                                                                                             Less allowance for
             kerugian penurunan nilai                       (2.571)                                    (1.804)                                   (1.747)             impairment losses

          Neto                                            5.949.175                                 2.201.594                                 1.470.510                                  Net



     b.     Berdasarkan bank                                                                                    b.       By bank

                                                      31 Desember/                31 Desember/                     31 Desember/
                                                    December 31, 2024           December 31, 2023                December 31, 2022

          Rupiah                                                                                                                                                            Rupiah
          Pihak Ketiga                                                                                                                                                Third Parties
             PT Bank Maybank Indonesia Tbk                    100.653                            189.189                        215.125          PT Bank Maybank Indonesia Tbk
             Standard Chartered Bank, Jakarta                  17.916                             10.179                         46.579         Standard Chartered Bank, Jakarta
             PT Bank Central Asia Tbk                           7.646                             32.948                        263.538                PT Bank Central Asia Tbk
             Citibank N.A., Jakarta                               925                                925                            925                    Citibank N.A., Jakarta
                 Lainnya                                        1.372                                357                            337                             Others
                                                              128.512                            233.598                        526.504

          Pihak Berelasi (Catatan 44)                                                                                                                      Related Parties (Note 44)
             PT Bank Rakyat Indonesia                                                                                                                  PT Bank Rakyat Indonesia
               (Persero) Tbk                                        1.035                              52                        12.350                       (Persero) Tbk
             PT Bank Negara Indonesia                                                                                                                  PT Bank Negara Indonesia
               (Persero) Tbk                                          212                            183                               -                     (Persero) Tbk
             PT Bank Syariah Indonesia Tbk                            201                            200                           1.198           PT Bank Syariah Indonesia Tbk
             PT Bank Mandiri (Persero) Tbk                            412                             13                               -           PT Bank Mandiri (Persero) Tbk
                                                                    1.860                            448                         13.548

          Mata uang asing                                                                                                                                             Foreign currencies
          Pihak Ketiga                                                                                                                                                      Third Parties
             Standard Chartered Bank                          562.272                            600.159                        325.746                     Standard Chartered Bank
             PT Bank Central Asia Tbk                          96.770                            108.146                         27.410                     PT Bank Central Asia Tbk
             PT Bank ANZ Indonesia                             62.958                            174.690                         47.307                       PT Bank ANZ Indonesia
             PT Bank DBS Indonesia                             30.224                             32.214                         34.206                       PT Bank DBS Indonesia
             PT Bank ICBC Indonesia                             3.930                              3.364                          1.031                      PT Bank ICBC Indonesia
             Indonesische Overzeese                                                                                                                          Indonesische Overzeese
                Bank N.V., Amsterdam                                1.749                          1.778                           1.731                  Bank N.V., Amsterdam

                                                              757.903                            920.351                        437.431




                                                                                            97
Page 549
                                                                                                 The original financial statements included herein are in the
                                                                                                                                       Indonesian language.

    PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
           (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                               unless otherwise stated)


    6. GIRO PADA BANK LAIN (lanjutan)                                                    6.        CURRENT ACCOUNTS WITH OTHER BANKS
                                                                                                   (continued)

       b.    Berdasarkan bank (lanjutan)                                                          b.     By bank (continued)
                                               31 Desember/               31 Desember/                   31 Desember/
                                             December 31, 2024          December 31, 2023              December 31, 2022
`


            Mata uang asing (lanjutan)                                                                                                    Foreign currencies(continued)
            Pihak Berelasi (Catatan 44)                                                                                                       Related Parties (Note 44)
               PT Bank Mandiri (Persero) Tbk           4.278.290                     147.591                         37.26             PT Bank Mandiri (Persero) Tbk
               PT Bank Negara Indonesia                                                                                                   PT Bank Negara Indonesia
                 (Persero) Tbk                           785.181                     901.410                      457.512                           (Persero) Tbk
                                                       5.063.471                    1.049.001                     494.774
            Total                                      5.951.746                    2.203.398                   1.472.257                                          Total
               Dikurangi cadangan kerugian                                                                                                            Less allowance
                  penurunan nilai                           (2.571)                    (1.804)                       (1.747)                 for impairment losses
            Neto                                       5.949.175                    2.201.594                   1.470.510                                              Net



             Dalam giro pada bank lain termasuk giro yang                                                Current accounts with other banks include
             didasarkan pada prinsip perbankan syariah                                                   current accounts based on sharia banking
             sebesar Rp201, Rp200 dan Rp1.198, masing-                                                   principles amounting to Rp201, Rp200 and
             masing pada tanggal 31 Desember 2024, 2023                                                  Rp1,198, as of December 31, 2024, 2023 and
             dan 2022.                                                                                   2022, respectively.

             Berikut adalah perubahan giro pada bank lain                                                Presented below is the movements in
             dengan klasifikasi biaya perolehan diamortisasi                                             amortized cost of current account with other
             untuk tahun yang berakhir pada tanggal                                                      banks for the years ended as of
             31 Desember 2024, 2023 dan 2022:                                                            December 31, 2024, 2023 and 2022,
                                                                                                         respectively:
                                                                       31 Desember/December 31, 2024

                                                  Stage 1             Stage 2         Stage 3            Syariah*)             Total

                                                                                                                                                   Current Accounts with
                Giro pada Bank Lain                                                                                                                         Other Banks
                Saldo awal                          2.201.420                   -          1.778                 200           2.203.398                 Beginning balance
                Pengukuran kembali bersih                                                                                                             Net remeasurement of
                  nilai tercatat                    3.748.376                   -               (29)                 1         3.748.348                  carrying amount
                Aset keuangan baru yang                                                                                                                 New financial assets
                  diterbitkan atau dibeli                     -                 -                  -                 -                  -         originated or purchased
                Aset keuangan yang                                                                                                                   Derecognized financial
                  dihentikan pengakuannya                     -                 -                  -                 -                  -                           assets

                Saldo akhir periode                 5.949.796                   -          1.749                 201           5.951.746      Balance at the end of period


                                                                       31 Desember/December 31, 2023

                                                  Stage 1             Stage 2         Stage 3            Syariah*)             Total

                                                                                                                                                   Current Accounts with
                Giro pada Bank Lain                                                                                                                         Other Banks
                Saldo awal                          1.469.328                   -          1.731                1.198          1.472.257                 Beginning balance
                Pengukuran kembali bersih                                                                                                             Net remeasurement of
                  nilai tercatat                      732.092                   -                47             (998)            731.141                  carrying amount
                Aset keuangan baru yang                                                                                                                 New financial assets
                  diterbitkan atau dibeli                     -                 -                  -                 -                  -         originated or purchased
                Aset keuangan yang                                                                                                                   Derecognized financial
                  dihentikan pengakuannya                     -                 -                  -                 -                  -                           assets

                Saldo akhir tahun                   2.201.420                   -          1.778                 200           2.203.398        Balance at the end of year


                *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                    *) Not applying SFAS No. 109 ”Financial Instruments”




                                                                                98
Page 550
                                                                                                The original financial statements included herein are in the
                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                 unless otherwise stated)


6.   GIRO PADA BANK LAIN (lanjutan)                                                      6.          CURRENT ACCOUNTS WITH OTHER BANKS
                                                                                                     (continued)
     b.    Berdasarkan bank (lanjutan)                                                           b. By bank (continued)

           Berikut adalah perubahan giro pada bank lain                                                   Presented below is the movements in
           dengan klasifikasi biaya perolehan diamortisasi                                                amortized cost of current account with other
           untuk tahun yang berakhir pada tanggal                                                         banks for the year ended as of December 31,
           31 Desember 2024, 2023 dan 2022 (lanjutan):                                                    2024, 2023 and 2022, respectively (continued):

                                                                  31 Desember/December 31, 2022

                                                   Stage 1             Stage 2        Stage 3             Syariah*)            Total

                                                                                                                                                      Current Accounts with
              Giro pada Bank Lain                                                                                                                              Other Banks
              Saldo awal                             1.094.220                   -         1.682                   896          1.096.798                   Beginning balance
              Pengukuran kembali bersih                                                                                                                  Net remeasurement of
                nilai tercatat                         358.406                   -              49                 302            358.757                    carrying amount
              Aset keuangan baru yang                                                                                                                      New financial assets
                diterbitkan atau dibeli                 16.702                   -               -                    -            16.702            originated or purchased

              Saldo akhir tahun                      1.469.328                   -         1.731                 1.198          1.472.257          Balance at the end of year


          *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109 ”Financial Instruments”


     c.    Tingkat suku bunga rata-rata per tahun untuk                                              c.    Average annual interest rates for current
           giro pada bank lain adalah sebagai berikut:                                                     accounts with other banks are as follows:

                                               31 Desember/                31 Desember/                 31 Desember/
                                             December 31, 2024           December 31, 2023            December 31, 2022
             Rupiah                                          0,78%                    0,69%                           0,19%                                         Rupiah
             Mata uang asing                                 0,00%                    0,00%                           0,00%                              Foreign currencies



     d.    Pada tanggal 31 Desember 2024, 2023 dan                                                   d.    As of December 31, 2024, 2023 and 2022,
           2022, tidak terdapat saldo giro pada bank lain                                                  there are no current accounts with other banks
           yang digunakan sebagai agunan.                                                                  which are pledged as collateral.

     e.    Perubahan cadangan kerugian penurunan nilai                                               e.    The movements in the allowance for
           giro pada bank lain adalah sebagai berikut:                                                     impairment losses on current accounts with
                                                                                                           other banks are as follows:
                                               31 Desember/                31 Desember/                 31 Desember/
                                             December 31, 2024           December 31, 2023            December 31, 2022
          Saldo awal tahun                                   1.804                     1.747                          1.698                  Balance at beginning of year
          Penyisihan                                                                                                                                              Provision
            kerugian penurunan selama                                                                                                            for impairment losses
            tahun berjalan (Catatan 34)                        767                        57                              49                 during the year (Note 34)

          Saldo akhir tahun                                  2.571                     1.804                          1.747                   Balance at the end of year


          *) Termasuk selisih kurs karena penjabaran mata uang asing                                      *) Including exchange difference on translation of foreign currency




                                                                                 99
Page 551
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


6.   GIRO PADA BANK LAIN (lanjutan)                                                  6.       CURRENT ACCOUNTS WITH OTHER BANKS
                                                                                              (continued)

     e.    Perubahan cadangan kerugian penurunan nilai                                             e.    The movements in the allowance for
           giro pada bank lain adalah sebagai berikut:                                                   impairment losses on current accounts with
           (lanjutan)                                                                                    other banks are as follows: (continued)
                                                                        31 Desember/December 31, 2024

                                                Stage 1           Stage 2         Stage 3               Syariah*)           Total

                                                                                                                                                   Current Accounts with
              Giro pada Bank Lain                                                                                                                          Other Banks
              Saldo awal                                   24               -          1.778                        2            1.804                  Beginning balance
              Pengukuran kembali bersih                                                                                                             Net remeasurement of
                penurunan nilai                           796               -               (29)                    -               767               impairment losses

              Saldo akhir periode                         820               -          1.749                        2            2.571       Balance at the end of period


          *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                         *) Not applying SFAS No. 109 ”Financial Instruments”

                                                                        31 Desember/December 31, 2023

                                                Stage 1           Stage 2         Stage 3               Syariah*)           Total

                                                                                                                                                  Current Accounts with
              Giro pada Bank Lain                                                                                                                          Other Banks
              Saldo awal                                   14               -          1.731                        2            1.747                  Beginning balance
              Pengukuran kembali bersih                                                                                                          Net remeasurement of
                penurunan nilai                            10                                47                     -                57               impairment losses

              Saldo akhir tahun                            24               -          1.778                        2            1.804         Balance at the end of year



          *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                         *) Not applying SFAS No. 109 ”Financial Instruments”

                                                                        31 Desember/December 31, 2022

                                                Stage 1           Stage 2         Stage 3               Syariah*)           Total

                                                                                                                                                  Current Accounts with
              Giro pada Bank Lain                                                                                                                          Other Banks
              Saldo awal                                   14               -          1.682                        2            1.698                  Beginning balance
              Pengukuran kembali bersih                                                                                                          Net remeasurement of
                penurunan nilai                             -               -                49                     -                49               impairment losses

              Saldo akhir tahun                            14               -          1.731                        2            1.747         Balance at the end of year



          *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                         *) Not applying SFAS No. 109 ”Financial Instruments”


           Manajemen berpendapat bahwa jumlah                                                            The management believes that the allowance
           cadangan kerugian atas giro pada bank lain                                                    for impairment losses provided on current
           yang dibentuk telah memadai.                                                                  accounts with other banks is adequate.

     f.    Informasi mengenai klasifikasi aset keuangan                                            f.    Information with respect to classification of
           yang mengalami penurunan nilai dan tidak                                                      impaired and not impaired of financial assets
           mengalami penurunan nilai diungkapkan pada                                                    are disclosed in Note 45.
           Catatan 45.




                                                                            100
Page 552
                                                                                    The original financial statements included herein are in the
                                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


7.   PENEMPATAN PADA BANK INDONESIA DAN                                    7.        PLACEMENTS WITH BANK INDONESIA AND
     BANK LAIN                                                                       OTHER BANKS

     a. Berdasarkan mata uang dan jenis                                              a.    Based on currency and type

                                           31 Desember/        31 Desember/              31 Desember/
                                         December 31, 2024   December 31, 2023         December 31, 2022
       Rupiah                                                                                                                              Rupiah
       Pihak Ketiga                                                                                                                  Third Parties
       Deposit Facility Syariah                                                                                            Deposit Facility Sharia
          Bank Indonesia                        1.810.000            3.150.000                 2.078.000                     Bank Indonesia
       Deposit Facility Bank Indonesia            999.854            8.998.689                 2.499.670          Deposit Facility Bank Indonesia
       Term Deposit Bank Indonesia                      -                    -                 7.998.224           Term Deposit Bank Indonesia
       PT Bank Pembangunan Daerah                                                                                 PT Bank Pembangunan Daerah
          Jawa Timur Tbk                                -                       -                400.000                     Jawa Timur Tbk

                                                2.809.854           12.148.689                12.975.894
       Pihak Berelasi (Catatan 44)                                                                                      Related Party (Note 44)
       Tabungan                                                                                                                 Savings Deposits
          PT Bank Mandiri (Persero) Tbk                61                   61                        61       PT Bank Mandiri (Persero) Tbk
                                                       61                   61                        61
       Mata uang asing                                                                                                       Foreign currencies
       Pihak Ketiga                                                                                                                Third Parties
       Term Deposit Bank Indonesia              1.851.189           18.412.372                          -           Term Deposit Bank Indonesia
                                                1.851.189           18.412.372                          -

       Total                                    4.661.104           30.561.122                12.975.955                                    Total



        Dalam penempatan pada Bank Indonesia dan                                           As of December 31, 2024, 2023 and 2022,
        bank lain termasuk penempatan yang                                                 placements with Bank Indonesia and other
        didasarkan pada prinsip perbankan syariah                                          banks include placements based on sharia
        sebesar Rp1.810.000, Rp3.150.000 dan                                               banking principles amounting to Rp1,810,000,
        Rp2.078.000, masing-masing pada tanggal 31                                         Rp3,150,000 and Rp2,078,000, respectively.
        Desember 2024, 2023 dan 2022.

     b. Berdasarkan sisa umur hingga jatuh tempo                                     b.    Based on remaining period until maturity

                                           31 Desember/        31 Desember/              31 Desember/
                                         December 31, 2024   December 31, 2023         December 31, 2022

       ≤ 1 bulan                                4.661.104           30.561.122                12.975.955                               ≤ 1 month

       Total                                    4.661.104           30.561.122                12.975.955                                    Total



     c. Tingkat suku bunga rata-rata per tahun untuk                                 c.    Average annual interest rates for placement
        penempatan pada Bank Indonesia dan bank                                            with Bank Indonesia and other banks:
        lain:
                                           31 Desember/        31 Desember/              31 Desember/
                                         December 31, 2024   December 31, 2023         December 31, 2022

       Rupiah                                      5,47%                 5,23%                    3,47%                                  Rupiah
       Mata Uang Asing                             5,27%                 5,24%                    0,96%                       Foreign Currencies




                                                                   101
Page 553
                                                                                  The original financial statements included herein are in the
                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


7.   PENEMPATAN PADA BANK INDONESIA DAN                                   7.       PLACEMENTS WITH BANK INDONESIA AND
     BANK LAIN (lanjutan)                                                          OTHER BANKS (continued)
     d. Manajemen berpendapat bahwa cadangan                                       d.    Management believes no allowance for
        kerugian penurunan nilai tidak diperlukan pada                                   impairment losses is required as of December
        tanggal 31 Desember 2024, 2023 dan 2022,                                         31, 2024, 2023 and 2022, because
        karena manajemen berkeyakinan bahwa                                              management believes that placements with
        penempatan pada Bank Indonesia dan bank                                          Bank Indonesia and other banks are fully
        lain dapat ditagih.                                                              collectible.
     e. Informasi mengenai klasifikasi aset keuangan                               e.    Information with respect to classification of
        yang mengalami penurunan nilai dan tidak                                         impaired and not impaired of financial assets
        mengalami penurunan nilai diungkapkan pada                                       are disclosed in Note 45.
        Catatan 45.

8.   EFEK-EFEK                                                            8.       SECURITIES

     a. Berdasarkan tujuan, pihak berelasi dan pihak                               a.    Based on purpose, related party and third
        ketiga                                                                           party

                                         31 Desember/        31 Desember/              31 Desember/
                                       December 31, 2024   December 31, 2023         December 31, 2022
         Pihak Ketiga                                                                                                              Third Parties
            Diukur pada nilai wajar
               melalui laba rugi             19.358.865            1.042.013                   793.831          Fair value through profit or loss
            Diukur pada nilai wajar melalui                                                                            Fair value through other
               penghasilan komprehensif lain    507.016              406.144                          -             comprehensive income
            Diukur pada biaya perolehan
                       di amortisasi              8.324                 6.611                   79.278                           Amortized cost

                                              19.874.205           1.454.768                   873.109


         Pihak Berelasi (Catatan 44)                                                                                   Related Party (Note 44)

           Diukur pada nilai wajar melalui                                                                            Fair value through other
              penghasilan komprehensif lain    1.457.891           1.522.192                   655.293              comprehensive income

           Diukur pada biaya perolehan
              di amortisasi                    4.031.314           2.328.913                   194.766                           Amortized cost

                                               5.489.205           3.851.105                   850.059

         Total                                25.363.410           5.305.873                 1.723.168                                     Total

         Cadangan kerugian                                                                                                       Allowance for
           penurunan nilai                         (787)               (22.903)                 (2.399)                  impairment losses

         Neto                                 25.362.623           5.282.970                 1.720.769                                       Net




                                                                 102
Page 554
                                                                                  The original financial statements included herein are in the
                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                8.        SECURITIES (continued)

     b. Berdasarkan mata uang, jenis dan penerbit                                  b.    Based on currency, type and issuer
                                         31 Desember/        31 Desember/              31 Desember/
                                       December 31, 2024   December 31, 2023         December 31, 2022
       Nilai wajar melalui laba rugi                                                                            Fair value through profit or loss
       Rupiah                                                                                                                            Rupiah
       Pihak Ketiga                                                                                                                Third Parties
          Reksadana                                                                                                           Mutual Funds
              PT Syailendra Capital                   -                       -                100.486            PT Syailendra Capital
              PT Berdikari Manajemen                                                                            PT Berdikari Manajemen
                Investasi                             -                       -                100.470                          Investasi
              PT Batavia Prosperindo                                                                             PT Batavia Prosperindo
                Aset Manajemen                        -                       -                100.460               Aset Manajemen

         Sekuritas Rupiah                                                                                                Rupiah Securities
           Bank Indonesia                    10.092.016              194.060                          -                  Bank Indonesia

         Efek Beragun Aset                                                                                         Asset Backed Securities
            KIK EBA - SP -BTN 05                                                                                 KIK EBA - SP - BTN 05
               Kelas B                          146.532              161.407                   176.898                       Class B
            EBA - SP - BTN04                                                                                         EBA - SP - BTN04
               Kelas B                          101.395                88.598                   95.685                       Class B
            EBA - SP - BTN08                                                                                         EBA - SP – BTN08
               Kelas B                           69.655                75.307                         -                      Class B
            EBA - SP - BTN03                                                                                         EBA - SP - BTN03
               Kelas B                           53.872                49.222                   52.580                       Class B
            EBA - SP - BTN06                                                                                         EBA - SP - BTN06
               Kelas B                           44.527                51.667                   64.494                       Class B
            KIK EBA - SP -BTN 07                                                                                 KIK EBA - SP - BTN 07
               Kelas B                           42.895                54.409                   52.238                       Class B
            EBA - SP - BTN02                                                                                         EBA - SP - BTN02
               Kelas B                                -                59.833                   50.520                       Class B

       Mata Uang Asing                                                                                                       Foreign Currencies
       Dolar Amerika Serikat                                                                                                United States Dollar
         Pihak ketiga                                                                                                            Third parties
         Sekuritas Dollar Amerika Serikat                                                                      United Stated Dollar Securities
             Bank Indonesia                   8.807.973              307.510                          -                    Bank Indonesia

                                             19.358.865            1.042.013                   793.831

       Aset keuangan yang diukur pada                                                                                Financial asset held at fair
         nilai wajar melalui penghasilan                                                                                value through other
         komprehensif lain                                                                                          comprehensive income
       Rupiah                                                                                                                            Rupiah
         Pihak Ketiga                                                                                                          Third Parties
         Reksadana Terproteksi                                                                                     Protected Mutual Funds
         PT Batavia Prosperindo Aset                                                                           PT Batavia Prosperindo Aset
             Manajemen                                                                                                       Manajemen
                BATAVIA MAX 51                  204.118              203.822                          -           BATAVIA MAX 51
                BPSM 3                          100.402                    -                          -                     BPSM 3
         PT Manulife Aset Manajemen                                                                               PT Manulife Aset Manajemen
             Indonesia                                                                                                         Indonesia
                MANULIFE PDU V                  202.496              202.322                          -          MANULIFE PDU V

                                                507.016              406.144                          -

       Pihak Berelasi (Catatan 44)                                                                                    Related Parties (Note 44)
       Obligasi                                                                                                                          Bonds
          PT Perusahaan Listrik Negara                                                                        PT Perusahaan Listrik Negara
             (Persero)                                                                                                         (Persero)
              Sukuk Tahap II Seri B 2017         51.676                51.125                   52.424      Sukuk Phase II Series B 2017
          PT Waskita Karya (Persero) Tbk                                                                    PT Waskita Karya (Persero) Tbk
              Tahap IV Seri A 2022               49.203                49.935                   48.672           Phase IV Series A 2022
          PT Pegadaian                                                                                                       PT Pegadaian
              Sukuk Mudharabah IV 2021                -                30.000                   30.603       Sukuk Mudharabah IV 2021
              Sukuk Mudharabah II 2022           27.795                27.745                   28.028         Sukuk Mudharabah II 2022




                                                                 103
Page 555
                                                                                       The original financial statements included herein are in the
                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                       unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                     8.        SECURITIES (continued)

     b. Berdasarkan mata uang, jenis dan penerbit                                       b.    Based on             currency,      type     and      issuer
        (lanjutan)                                                                            (continued)
                                           31 Desember/           31 Desember/              31 Desember/
                                         December 31, 2024      December 31, 2023         December 31, 2022
     Aset keuangan yang diukur pada                                                                                           Financial asset held at fair
       nilai wajar melalui penghasilan                                                                                           value through other
       komprehensif lain (lanjutan)                                                                                comprehensive income (continued)
     Rupiah(lanjutan)                                                                                                                Rupiah (lanjutan)
       Pihak Berelasi (Catatan 44)                                                                                         Related Parties (Note 44)
       Obligasi                                                                                                                               Bonds
           PT Bank Rakyat Indonesia                                                                                       PT Bank Rakyat Indonesia
           (Persero) Tbk                                                                                                              (Persero) Tbk
              Tahap II Seri D 2017                 25.997                   26.373                   26.598                Phase II Series D 2017
           PT Sarana Multigriya                                                                                                PT Sarana Multigriya
           Finansial (Persero)                                                                                                   Finansial (Persero)
              Tahap I Seri B 2021                  24.856                   24.962                   24.647                 Phase I Series B 2021
              Tahap II 2021                        24.627                   24.656                   24.635                         Phase II 2021
           PT Bank Mandiri Taspen                                                                                          PT Bank Mandiri Taspen
              Tahap II Seri B 2021                 19.973                   20.139                   20.108                Phase II Series B 2021

       Reksadana Terproteksi                                                                                                   Protected Mutual Funds
         PT Bahana TCW Investment                                                                                      PT Bahana TCW Investment
           Management                                                                                                              Management
           Bahana Centrum Protected                                                                                        RDT Bahana Centrum
           Fund 232                               308.406                 307.647                          -                 Protected Fund 232
         PT BNI Asset Management                                                                                        PT BNI Asset Management
                                                                                                                                   RDT BNI AM
           BNI AM Proteksi Amarilis               305.896                 305.072                          -                   Proteksi Amarilis
          PT Danareksa Investment                                                                                         PT Danareksa Investment
            Management                                                                                                            Management
            Danareksa Proteksi 86                 254.340                 254.105                          -          RDT Danareksa Proteksi 86
          PT PNM Investment                                                                                                    PT PNM Investment
            Management                                                                                                             Management
            RDT PNM Investa 48                    151.373                          -                           -            RDT PNM Investa 48

       Medium Term Notes                                                                                                         Medium Term Notes
         Perum Perumnas                                                                                                          Perum Perumnas
            Tahap III Seri A 2018                 100.000                 100.000                   103.083              Phase III Series A 2018

                                                1.344.142               1.221.759                   358.798

     Mata Uang Asing                                                                                                                 Foreign Currencies
     Dolar Amerika Serikat                                                                                                          United States Dollar
       Pihak Berelasi (Catatan 44)                                                                                         Related Parties (Note 44)
       Obligasi                                                                                                                               Bonds
           PT Pertamina (Persero)                                                                                          PT Pertamina (Persero)
             Senior Unsecured Notes                                                                                    Senior Unsecured Notes
                Due 2030                           29.094                   28.044                   27.093                       Due 2030
                Due 2050                           36.506                   38.295                   36.038                       Due 2050
           PT Bank Mandiri (Persero) Tbk                                                                           PT Bank Mandiri (Persero) Tbk
             Euro Medium                                                                                                        Euro Medium
                Term Notes (EMTN)-2024                                      61.242                   60.977        Term Notes (EMTN)-2024
                Term Notes (EMTN)-2025             32.132                   30.565                   30.434        Term Notes (EMTN)-2025
           PT Pelabuhan Indonesia II                                                                                    PT Pelabuhan Indonesia II
             (Persero)                                                                                                                (Persero)
                Senior Notes - 2025                16.017                   15.122                   15.028               Senior Notes - 2025
           PT Perusahaan Gas Negara                                                                                   PT Perusahaan Gas Negara
             (Persero) Tbk                                                                                                        (Persero) Tbk
                Unsecured Fixed                         -                   50.638                   50.944                  Unsecured Fixed

       Medium Term Notes                                                                                                            Medium Term Notes
         Lembaga Pembiayaan                                                                                                   Lembaga Pembiayaan
            Ekspor Indonesia                                                                                                     Ekspor Indonesia
            EMTN Programme                                                                                                     EMTN Programme
            Indonesia Eximbank - 2017                       -               76.527                   75.981            Indonesia Eximbank – 2017

                                                  113.749                 300.433                   296.495

                                                1.457.891               1.522.192                   655.293

                                                1.964.907               1.928.336                   655.293




                                                                      104
Page 556
                                                                                                 The original financial statements included herein are in the
                                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                 unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                               8.            SECURITIES (continued)
     b. Berdasarkan mata uang, jenis dan penerbit                                                     b.    Based on               currency,        type      and       issuer
        (lanjutan)                                                                                          (continued)
                                          31 Desember/                   31 Desember/                    31 Desember/
                                        December 31, 2024              December 31, 2023               December 31, 2022
         Diukur pada biaya perolehan
            di amortisasi                                                                                                                                    Amortized cost
         Rupiah                                                                                                                                                     Rupiah
          Pihak Ketiga                                                                                                                                       Third Parties
          Obligasi                                                                                                                                                 Bonds
          PT Bank Pembangunan                                                                                                                 PT Bank Pembangunan
            Daerah Jawa Barat dan Banten Tbk                                                                                       Daerah Jawa Barat dan Banten Tbk
            Tahap II Seri B 2018                             -                               -                         77.150                Phase II Series B 2018
          PT Berlian Laju Tanker                                                                                                               PT Berlian Laju Tanker
            Sukuk Ijarah 2007                                -                               -                          2.000                    Sukuk Ijarah 2007
         Surat Kredit Berdokumen                                                                                                               Domestic Documentary
           Dalam Negeri (SKBDN)                          8.324                        6.611                                128                     Letters of Credit

                                                         8.324                        6.611                            79.278
       Pihak Berelasi (Catatan 44)                                                                                                               Related Parties (Note 44)
       Obligasi                                                                                                                                                     Bonds
          PT Bank Mandiri Taspen                                                                                                                PT Bank Mandiri Taspen
             Tahap II Seri A 2021                            -                       25.076                            25.338                   Phase II Series A 2021
          PT Bank Mandiri (Persero) Tbk                                                                                                    PT Bank Mandiri (Persero) Tbk
             Tahap III 2018                                  -                               -                          5.027                        Phases III 2018
       Medium Term Notes                                                                                                                             Medium Term Notes
         PT Bahana Pembinaan Usaha                                                                                                         PT Bahana Pembinaan Usaha
            Indonesia (Persero)                         50.000                       50.000                            50.000                    Indonesia (Persero)
         PT Dayamitra                                                                                                                                     PT Dayamitra
            Telekomunikasi                                   -                       50.000                                  -                       Telekomunikasi
       Reksadana                                                                                                                                            Mutual Funds
         PT Permodalan Nasional                                                                                                               PT Permodalan Nasional
            Madani Investment                                                                                                                    Madani Investment
            Management                                           -                  100.000                         100.000                          Management
       Sukuk                                                                                                                                                          Sukuk
         PT Angkasa Pura I                                                                                                                          PT Angkasa Pura I
            Tahap I 2023 (catatan 11.f)           1.547.619                        1.465.771                                 -              Phase I 2023 (note 11.f)
         PT Aviasi Pariwisata Indonesia                                                                                                  PT Aviasi Pariwisata Indonesia
            Tahap I 2024 (catatan 11.f)           2.050.306                                  -                               -              Phase I 2024 (note 11.f)
         Surat Kredit Berdokumen                                                                                                                Domestic Documentary
            Dalam Negeri (SKBDN)                    383.389                         638.066                            14.401                       Letters of Credit
                                                   4.031.314                       2.328.913                        194.766
                                                  4.039.638                        2.335.524                        274.044

         Total                                   25.363.410                        5.305.873                      1.723.168                                          Total
         Cadangan kerugian                                                                                                                                   Allowance for
           penurunan nilai                               (787)                       (22.903)                          (2.399)                       impairment losses
         Neto                                    25.362.623                        5.282.970                      1.720.769                                                Net

        Berikut adalah perubahan efek-efek yang                                                              Presented below is the movements in
        diukur pada nilai wajar melalui penghasilan                                                          securities at fair value through other
        komprehensif lainnya dan yang diukur pada                                                            comprehensive income and at amortized cost
        biaya perolehan diamortisasi untuk tahun yang                                                        for the years ended December 31, 2024, 2023
        berakhir 31 Desember 2024, 2023 dan 2022:                                                            and 2022:
                                                                      31 Desember/December 31, 2024

                                              Stage 1                Stage 2         Stage 3               Syariah*)             Total

           Efek-efek                                                                                                                                                 Securities
           Saldo awal                           2.687.337                      -                  -          1.576.523           4.263.860                  Beginning balance
           Pengukuran kembali bersih                                                                                                                     Net remeasurement of
             nilai tercatat                        14.743                      -                  -             82.449              97.192                   carrying amount
           Aset keuangan baru yang                                                                                                                         New financial assets
             diterbitkan atau dibeli              260.099                      -                  -          2.050.306           2.310.405           originated or purchased
           Aset keuangan yang                                                                                                                           Derecognized financial
             dihentikan pengakuannya            (666.912)                      -                  -                    -         (666.912)                             assets
           Aset keuangan yang dihapusbuku               -                      -                  -                    -                 -           Writte-off financial assets

           Saldo akhir periode                  2.295.267                      -                  -          3.709.278           6.004.545       Balance at the end of period

       *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                              *) Not applying SFAS No. 109, ”Financial Instruments”


                                                                               105
Page 557
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                             8.          SECURITIES (continued)
     b. Berdasarkan mata uang, jenis dan penerbit                                                 b.    Based on             currency,         type       and       issuer
        (lanjutan)                                                                                      (continued)
        Berikut adalah perubahan efek-efek yang                                                          Presented below is the movements in
        diukur pada nilai wajar melalui penghasilan                                                      securities at fair value through other
        komprehensif lainnya dan yang diukur pada                                                        comprehensive income and at amortized cost
        biaya perolehan diamortisasi untuk tahun yang                                                    for the years ended December 31, 2024, 2023
        berakhir 31 Desember 2024, 2023 dan 2022:                                                        and 2022: (continued)
        (lanjutan)
                                                                  31 Desember/December 31, 2023

                                              Stage 1            Stage 2           Stage 3             Syariah*)           Total

           Efek-efek                                                                                                                                             Securities
           Saldo awal                             814.400                   -                 -            114.937            929.337                   Beginning balance
           Pengukuran kembali bersih                                                                                                                Net remeasurement of
             nilai tercatat                        30.357                   -                 -             (2.185)            28.172                    carrying amount
           Aset keuangan baru yang                                                                                                                    New financial assets
             diterbitkan atau dibeli            2.003.272                   -                 -          1.465.771          3.469.043           originated or purchased
           Aset keuangan yang                                                                                                                      Derecognized financial
             dihentikan pengakuannya            (160.692)                   -                 -                   -         (160.692)                               assets
           Aset keuangan yang dihapusbuku               -                   -                 -             (2.000)           (2.000)          Writte-off financial assets

           Saldo akhir tahun                    2.687.337                   -                 -          1.576.523          4.263.860         Balance at the end of year


       *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                          *) Not applying SFAS No. 109, ”Financial Instruments”

                                                                  31 Desember/December 31, 2022

                                              Stage 1            Stage 2           Stage 3             Syariah*)           Total

           Efek-efek                                                                                                                                            Securities
           Saldo awal                           1.432.209                   -                 -            111.751          1.543.960                   Beginning balance
           Pengukuran kembali bersih                                                                                                                 Net remeasurement of
             nilai tercatat                     (442.631)                   -                 -                143          (442.488)                    carrying amount
           Aset keuangan baru yang                                                                                                                     New financial assets
             diterbitkan atau dibeli              761.634                   -                 -             28.176            789.810            originated or purchased
           Aset keuangan yang                                                                                                                       Derecognized financial
             dihentikan pengakuannya            (936.812)                   -                 -            (25.133)         (961.945)                              assets

           Saldo akhir tahun                      814.400                   -                 -            114.937            929.337         Balance at the end of year


       *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                          *) Not applying SFAS No. 109, ”Financial Instruments”




     c. Jatuh tempo dan suku bunga                                                                c.    Maturity and interest rate
                                                                                                           Suku Bunga/
                                                                                                             Bagi Hasil
                                                                                                             Per Tahun/
                                                                                   Tanggal                    Annual
                                                        Jenis/                  Jatuh Tempo/               Interest Rate/
                      Penerbit                          Type                    Maturity Date              Profit Sharing                          Issuer

        Rupiah                                                                                                                                               Rupiah
          Perum Perumnas                                                                                                                       Perum Perumnas
             MTN Tahap III                                                     10 Desember/                   11,85% tetap/                      MTN Phase III
               Tahun 2018 Seri A               Medium Term Notes           December 10, 2026                          fixed               Year 2018 Series A
           PT Angkasa Pura I                                                                                                                    PT Angkasa Pura I
             Sukuk Wakalah                                                           29 Oktober/                    3,50%                       Sukuk Wakalah
             Bi Al-Istitsmar 2023                  Obligasi/Bonds               October 29, 2033             mengambang/                    Bi Al-Istitsmar 2023
                                                                                                                  floating

           PT Aviasi Pariwisata Indonesia                                                                                          PT Aviasi Pariwisata Indonesia
             Sukuk Wakalah                                                      30 September/                       2,42%                      Sukuk Wakalah
             Bi Al-Istitsmar 2024                  Obligasi/Bonds          September 30, 2034                mengambang/                   Bi Al-Istitsmar 2024
                                                                                                                  floating




                                                                           106
Page 558
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                               8.      SECURITIES (continued)
     c. Jatuh tempo dan suku bunga (lanjutan)                                   c.     Maturity and interest rate (continued)
                                                                                        Suku Bunga/
                                                                                          Bagi Hasil
                                                                                          Per Tahun/
                                                                   Tanggal                 Annual
                                              Jenis/            Jatuh Tempo/            Interest Rate/
                    Penerbit                  Type              Maturity Date           Profit Sharing                    Issuer

        Rupiah                                                                                                                        Rupiah
        PT Bahana Pembinaan Usaha                                                                            PT Bahana Pembinaan Usaha
             Indonesia (Persero)                                   2 November/              9,00% tetap/           Indonesia (Persero)
             MTN Tahun 2022 Seri A        Medium Term Notes    November 2, 2027                    fixed       MTN Year 2022 Series A
          PT Bank Rakyat Indonesia                                                                              PT Bank Rakyat Indonesia
            (Persero) Tbk                                                 11 April/         8,80% tetap/                  (Persero) Tbk
            Tahap II Seri D 2017            Obligasi/Bonds          April 11, 2027                 fixed        Phase II Series D 2017

        PT Sarana Multigriya                                                                                         PT Sarana Multigriya
             Finansial (Persero)                                  17 November/              6,00% tetap/              Finansial (Persero)
             Tahap II 2021                  Obligasi/Bonds    November 17, 2026                    fixed                 Phase II 2021
                                                                           8 Juli/          6,40% tetap/
             Tahap I Seri B 2021            Obligasi/Bonds          July 8, 2026                   fixed          Phase I Series B 2021

          PT Bank Mandiri Taspen                                          28 April/          6,5% tetap/          PT Bank Mandiri Taspen
            Tahap II Seri A 2021            Obligasi/Bonds          April 28, 2024                 fixed         Phase II Series A 2021
                                                                          26 April/         7,25% tetap/
             Tahap II Seri B 2021           Obligasi/Bonds          April 26, 2026                 fixed         Phase II Series B 2021


          PT Perusahaan Listrik Negara                                                                       PT Perusahaan Listrik Negara
            (Persero)                                              3 November/              8,20% tetap/                       (Persero)
            Sukuk Tahap II Seri B 2017      Obligasi/Bonds     November 3, 2027                    fixed    Sukuk Phase II Series B 2017

          PT Waskita Karya Realty                                        12 Mei/            6,65% tetap/          PT Waskita Karya Realty
            Seri A 2022                     Obligasi/Bonds          May 12, 2027                   fixed                Series A 2022

          PT Pegadaian                                                                                                    PT Pegadaian
            (Persero)                                                     6 April/          6,00% tetap/                    (Persero)
            Sukuk Mudharabah IV 2021        Obligasi/Bonds          April 6, 2024                  fixed     Sukuk Mudharabah IV 2021
                                                                     16 Agustus/            5,75% tetap/
             Sukuk Mudharabah II 2022       Obligasi/Bonds       August 16, 2025                   fixed      Sukuk Mudharabah II 2022

        Mata Uang Asing                                                                                                   Foreign Currencies
        Dolar Amerika Serikat                                                                                            United States Dollar
          PT Bank Mandiri (Persero) Tbk                                                                     PT Bank Mandiri (Persero) Tbk
              Euro Medium                                                  11 April/        3,75% tetap/                  Euro Medium
              Term Notes (EMTN) - 2024      Obligasi/Bonds          April 11, 2024                  fixed    Term Notes (EMTN) - 2024
                                                                            13 Mei/         4,75% tetap/
             Term Notes (EMTN) - 2025       Obligasi/Bonds          May 13, 2025                   fixed      Term Notes (EMTN) - 2025
          PT Pertamina (Persero)                                                                                   PT Pertamina (Persero)
            Senior Unsecured                                          21 Januari/          3,10% tetap/               Senior Unsecured
            Notes Due 2030                  Obligasi/Bonds      January 21, 2030                  fixed              Notes Due 2030
            Senior Unsecured                                          21 Januari/          4,18% tetap/               Senior Unsecured
            Notes Due 2050                 Obligasi/Bonds       January 21, 2050                  fixed              Notes Due 2050

          PT Pelabuhan Indonesia II                                                                             PT Pelabuhan Indonesia II
            (Persero)                                                                                                        (Persero)
            Senior Unsecured                                               5 Mei/          4,25% tetap/            Senior Unsecured
            Notes Due 2025                 Obligasi/Bonds            May 5, 2025                fixed               Notes Due 2025




                                                              107
Page 559
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                            8.     SECURITIES (continued)

     d. Berdasarkan sisa umur hingga jatuh tempo                                            d. Remaining period to maturity (amortized cost
        (efek-efek yang diukur pada biaya perolehan di                                         securities)
        amortisasi)
                                              31 Desember/             31 Desember/             31 Desember/
                                            December 31, 2024        December 31, 2023        December 31, 2022

          ≤ 1 tahun                                     391.713                  448.505                     96.706                                        ≤ 1 year
          > 1 tahun ≤ 5 tahun                            50.000                  421.248                    175.338                              > 1 year ≤ 5 years
          > 5 tahun ≤ 10 tahun                        3.597.925                1.465.771                          -                             > 5 year ≤ 10 years
          > 10 tahun                                          -                        -                      2.000                                      > 10 years

          Total                                       4.039.638                2.335.524                    274.044                                            Total


     e. Peringkat                                                                           e.      Rating

         Daftar peringkat efek-efek seperti yang                                                    The ratings of securities, as reported by
         dilaporkan oleh PT Pemeringkat Efek Indonesia                                              PT Pemeringkat Efek Indonesia, are as
         adalah sebagai berikut:                                                                    follows:
                                                   Jenis/           31 Desember     31 Desember/       31 Desember/
          Penerbit                                 Type           December 31, 2024 December 31, 2023 December 31, 2022                                        Issuer

       PT Bank Pembangunan                                                                                                                  PT Bank Pembangunan
          Jawa Barat dan Banten Tbk                                                                                                  Jawa Barat dan Banten Tbk
          Tahap II 2018 B                    Obligasi/Bonds                     -                    -                idAA                       Phase II 2018

       PT Bank Mandiri (Persero) Tbk                                                                                                   PT Bank Mandiri (Persero) Tbk
          Tahap III 2018                     Obligasi/Bonds                     -                    -               idAAA                       Phase III 2018
       Euro Medium                                                                                                                                     Euro Medium
          Term Notes (EMTN) - 2024           Obligasi/Bonds                     -             Baa2*)                Baa2*)            Term Notes (EMTN) - 2024
          Term Notes (EMTN) - 2025           Obligasi/Bonds                Baa2*)             Baa2*)                Baa2*)            Term Notes (EMTN) - 2025

       PT Bank Mandiri Taspen                                                                                                                 PT Bank Mandiri Taspen
          Tahap II Seri A 2021               Obligasi/Bonds                     -                AA**)                AA**)                 Phase II Series A 2021
          Tahap II Seri B 2021               Obligasi/Bonds                 idAAA                AA**)                AA**)                 Phase II Series B 2021

       PT Sarana Multigriya Finansial                                                                                                  PT Sarana Multigriya Finansial
          (Persero)                                                                                                                                   (Persero)
          Tahap II 2021                      Obligasi/Bonds                 idAAA             idAAA                  idAAA                       Phase II 2021

          Tahap I Seri B 2021                Obligasi/Bonds                 idAAA             idAAA                  idAAA                  Phase I Series B 2021

       PT Perusahaan Gas Negara                                                                                                          PT Perusahaan Gas Negara
          (Persero) Tbk                                                                                                                           (Persero) Tbk
       Unsecured Fixed                                                                                                                             Unsecured Fixed
         Term Notes (EMTN) - 2024            Obligasi/Bonds                     -            Baa2*)                 Baa2*)            Term Notes (EMTN) - 2024

       PT Pertamina (Persero)                                                                                                                PT Pertamina (Persero)
          Unsecured Fixed                                                                                                                      Unsecured Fixed
         Term Notes (EMTN) - 2030            Obligasi/Bonds                Baa2*)            Baa2*)                 Baa2*)            Term Notes (EMTN) - 2030
         Term Notes (EMTN) - 2050            Obligasi/Bonds                Baa2*)            Baa2*)                 Baa2*)            Term Notes (EMTN) - 2050


       Perum Perumnas                                                                                                                                Perum Perumnas
          MTN Tahap III                                                                                                                             MTN Phase III
          Tahun 2018 Seri A                  Medium Term Notes             idBBB-            idBBB-                 idBBB-                     Year 2018 Series A

       PT Dayamitra Telekomunikasi                                                                                                      PT Dayamitra Telekomunikasi
          MTN Tahap I                                                                                                                             MTN Phase I
          Tahun 2023                         Medium Term Notes                  -             idAAA                       -                          Year 2023

       PT Bahana Pembinaan Usaha                                                                                                       PT Bahana Pembinaan Usaha
          Indonesia (Persero)                                                                                                               Indonesia (Persero)
           MTN Tahun 2022                    Medium Term Notes              idAAA             idAAA                  idAAA                      MTN Year 2022

       Lembaga Pembiayaan                                                                                                                    Lembaga Pembiayaan
          Ekspor Indonesia                                                                                                                    Ekspor Indonesia
        Euro Medium                                                                                                                                   Euro Medium
         Term Notes (EMTN) - 2017            Obligasi/Bonds                     -             Baa2*)                Baa2*)           Term Notes (EMTN) – 2017

       PT Waskita Karya (Persero) Tbk                                                                                                PT Waskita Karya (Persero) Tbk
          Seri A 2022                        Obligasi/Bonds             idAAA(gg)             idAAA(gg)          idAAA(gg)                       Series A 2022

       *) Berdasarkan peringkat yang diterbitkan oleh Moody’s                                    *) Based on ratings published by Moody’s
       **) Berdasarkan peringkat yang diterbitkan oleh Fitch                                     **) Based on ratings published by Fitch




                                                                            108
Page 560
                                                                                                      The original financial statements included herein are in the
                                                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                       unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                                      8.          SECURITIES (continued)
     e. Peringkat (lanjutan)                                                                               e.      Rating (continued)
            Daftar peringkat efek-efek seperti yang                                                                The ratings of securities, as reported by
            dilaporkan oleh PT Pemeringkat Efek Indonesia                                                          PT Pemeringkat Efek Indonesia, are as
            adalah sebagai berikut: (lanjutan)                                                                     follows: (continued)
                                                      Jenis/              31 Desember     31 Desember/       31 Desember/
             Penerbit                                 Type              December 31, 2024 December 31, 2023 December 31, 2022                                                   Issuer

          PT Pelabuhan Indonesia II                                                                                                                          PT Pelabuhan Indonesia II
             (Persero)                                                                                                                                                      (Persero)
             Senior Unsecured                                                                                                                                       Senior Unsecured
             Notes Due 2025                        Obligasi/Bonds                  Baa2*)                  Baa2*)                    Baa3*)                           Notes Due 2025

          PT Bank Rakyat Indonesia                                                                                                                           PT Bank Rakyat Indonesia
             (Persero) Tbk                                                                                                                                               (Persero) Tbk
             Tahap II Seri D 2017                  Obligasi/Bonds                  idAAA                    idAAA                    idAAA                      Phase II Series D 2017

          PT Perusahaan Listrik                                                                                                                                  PT Perusahaan Listrik
             Negara (Persero)                                                                                                                                        Negara (Persero)
             Sukuk Tahap II 2017 Seri B            Obligasi/Bonds              idAAA(sy)              idAAA(sy)                    idAAA(sy)              Sukuk Phase II 2017 Series B

          PT Angkasa Pura I                                                                                                                                         PT Angkasa Pura I
             Sukuk Tahap I 2023                    Obligasi/Bonds              idAAA(sy)              idAA+(sy)                           -                        Sukuk Phase I 2023

          PT Pegadaian (Persero)                                                                                                                               PT Pegadaian (Persero)
             Sukuk Mudharabah IV 2021              Obligasi/Bonds                      -              idAAA(Sy)                   idAAA(Sy)             Sukuk Mudharabah IV 2021
             Sukuk Mudharabah II 2022              Obligasi/Bonds              idAAA(sy)              idAAA(Sy)                   idAAA(Sy)             Sukuk Mudharabah II 2022

          PT Aviasi Pariwisata Ind                                                                                                                             PT Aviasi Pariwisata Ind
             Sukuk Tahap I 2024                    Obligasi/Bonds              idAAA(sy)                            -                     -                       Sukuk Phase I 2024


          *) Berdasarkan peringkat yang diterbitkan oleh Moody’s                                                *) Based on ratings published by Moody’s
          **) Berdasarkan peringkat yang diterbitkan oleh Fitch                                                 **) Based on ratings published by Fitch


     f.     Perubahan cadangan kerugian penurunan nilai                                                f.         The movements in the allowance                                     for
            adalah sebagai berikut:                                                                               impairment losses are as follows:

                                                                       31 Desember/December 31, 2024

                                                    Stage 1              Stage 2            Stage 3               Syariah*)            Total

               Efek-efek yang diukur pada nilai                                                                                                                           Securities at
                 wajar melalui penghasilan                                                                                                                 fair value through other
                 komprehensif lainnya                                                                                                                       comprehensive income
               Saldo awal                                 59.957                    -                  -                      -            59.957                   Beginning balance
               Pengukuran kembali bersih                                                                                                                         Net remeasurement of
                 penurunan nilai                           2.754                    -                  -                      -                2.754               impairment losses
               Aset keuangan baru yang                                                                                                                             New financial assets
                 diterbitkan atau dibeli                           -                -                  -                      -                    -         originated or purchased
               Aset keuangan yang                                                                                                                               Derecognized financial
                 dihentikan pengakuannya                   (261)                    -                  -                      -                (261)                           assets
               Pembayaran kembali valuta asing                                                                                                            Repayment foreign exchange
                 dan perubahan lain                        2.485                    -                  -                      -                2.485            and other movement

               Saldo akhir periode                        64.935                    -                  -                      -            64.935         Balance at the end of period



                                                                       31 Desember/December 31, 2023

                                                    Stage 1              Stage 2            Stage 3               Syariah*)            Total

               Efek-efek yang diukur pada nilai                                                                                                                           Securities at
                 wajar melalui penghasilan                                                                                                                 fair value through other
                 komprehensif lainnya                                                                                                                       comprehensive income
               Saldo awal                                 51.959                    -                  -                      -            51.959                   Beginning balance
               Pengukuran kembali bersih                                                                                                                         Net remeasurement of
                 penurunan nilai                           4.902                    -                  -                      -                4.902               impairment losses
               Aset keuangan baru yang                                                                                                                             New financial assets
                 diterbitkan atau dibeli                       790                  -                  -                      -                 790          originated or purchased
               Aset keuangan yang                                                                                                                               Derecognized financial
                 dihentikan pengakuannya                 (3.618)                    -                  -                      -               (3.618)                          assets
               Pembayaran kembali valuta asing                                                                                                            Repayment foreign exchange
                 dan perubahan lain                        5.924                    -                  -                      -                5.924            and other movement

               Saldo akhir tahun                          59.957                    -                  -                      -            59.957           Balance at the end of year




                                                                                    109
Page 561
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                                             8.          SECURITIES (continued)
     f.    Perubahan cadangan kerugian penurunan nilai                                        f.    The movements in the allowance for
           adalah sebagai berikut: (lanjutan)                                                       impairment losses are as follows: (continued)
                                                                    31 Desember/December 31, 2022

                                                 Stage 1           Stage 2         Stage 3           Syariah*)          Total

              Efek-efek yang diukur pada nilai                                                                                                            Securities at
                wajar melalui penghasilan                                                                                                  fair value through other
                komprehensif lainnya                                                                                                        comprehensive income
              Saldo awal                              71.617                 -                -                  -          71.617                   Beginning balance
              Pengukuran kembali bersih                                                                                                          Net remeasurement of
                penurunan nilai                     (20.889)                 -                -                  -         (20.889)                impairment losses
              Aset keuangan baru yang                                                                                                              New financial assets
                diterbitkan atau dibeli                    238               -                -                  -              238            originated or purchased
              Aset keuangan yang                                                                                                                Derecognized financial
                dihentikan pengakuannya               (3.088 )               -                -                  -          (3.088)                            assets
              Pembayaran kembali valuta asing                                                                                             Repayment foreign exchange
                dan perubahan lain                     4.081                 -                -                  -           4.081              and other movement

              Saldo akhir tahun                       51.959                 -                -                  -          51.959         Balance at the end of year




          *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                    *) Not applying SFAS No. 109, ”Financial Instruments”



                                                                    31 Desember/December 31, 2024

                                                 Stage 1           Stage 2         Stage 3           Syariah*)          Total

              Efek-efek yang diukur pada biaya                                                                                                             Securities at
                perolehan diamortisasi                                                                                                                 amortized cost
              Saldo awal                              22.534                 -                -              369            22.903                   Beginning balance
              Pengukuran kembali bersih                                                                                                           Net remeasurement of
                 penurunan nilai                           (26)              -                -              (56)               (82)               Impairment losses
              Aset keuangan baru yang                                                                                                               New financial assets
                diterbitkan atau dibeli                      1               -                -              439                440          originated or purchased
              Aset keuangan yang                                                                                                                 Derecognized financial
                dihentikan pengakuannya             (22.474)                 -                -                  -         (22.474)                            assets

              Saldo akhir periode                           35               -                -              752                787      Balance at the end of period



                                                                    31 Desember/December 31, 2023

                                                 Stage 1           Stage 2         Stage 3           Syariah*)          Total

              Efek-efek yang diukur pada biaya                                                                                                             Securities at
                perolehan diamortisasi                                                                                                                 amortized cost
              Saldo awal                                   399               -                -            2.000             2.399                   Beginning balance
              Pengukuran kembali bersih                                                                                                           Net remeasurement of
                 penurunan nilai                      22.135                 -                -                  -          22.135                 Impairment losses
              Aset keuangan baru yang                                                                                                               New financial assets
                diterbitkan atau dibeli                       -              -                -              369                369          originated or purchased
              Aset keuangan yang                                                                                                                      Writte off financial
                dihapusbuku                                   -              -                -          (2.000)            (2.000)                            assets

              Saldo akhir tahun                       22.534                 -                -              369            22.903         Balance at the end of year



                                                                    31 Desember/December 31, 2022

                                                 Stage 1           Stage 2         Stage 3           Syariah*)          Total

              Efek-efek yang diukur pada biaya                                                                                                            Securities at
                perolehan diamortisasi                                                                                                                amortized cost
              Saldo awal                                      -              -                -            2.000             2.000                   Beginning balance
              Aset keuangan baru yang                                                                                                              New financial assets
                diterbitkan atau dibeli                    399               -                -                  -              399          originated or purchased

              Saldo akhir tahun                            399               -                -            2.000             2.399         Balance at the end of year



          *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                    *) Not applying SFAS No. 109, ”Financial Instruments”

     g. Manajemen berpendapat bahwa jumlah                                                    g. Management believes that the allowance for
        cadangan kerugian penurunan nilai efek-efek                                              impairment losses provided on securities is
        yang dibentuk telah memadai.                                                             adequate.


                                                                             110
Page 562
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


8.   EFEK-EFEK (lanjutan)                                               8.     SECURITIES (continued)

     h. Bank mengakui keuntungan (kerugian) bersih                             h. The Bank recognized net gain (loss) on sale of
        atas penjualan efek-efek masing-masing                                    securities amounting to Rp932,900, Rp6,669
        sebesar     Rp932.900,      Rp6.669     dan                               and Rp(234,089), for the year ended December
        Rp(234.089), masing-masing untuk tahun yang                               31, 2024, 2023 and 2022, respectively, which is
        berakhir pada tanggal 31 Desember 2024,                                   presented in the statement of profit or loss and
        2023 dan 2022 yang disajikan dalam akun                                   other comprehensive income as “Gain (losses)
        “Keuntungan (kerugian) dari penjualan efek-                               on sale of securities - net”.
        efek - neto” di laporan laba rugi dan
        penghasilan komprehensif lain.

     i.   Nilai pasar efek-efek yang diklasifikasikan                          i.    As of December 31, 2024, 2023 and 2022, the
          sebagai “Nilai Wajar melalui Laba Rugi dan                                 market values of securities classified as fair
          Aset Keuangan yang Diukur pada Nilai Wajar                                 value through profit or loss and Fair Value
          Melalui Penghasilan Komprehensif lain” pada                                Through Other Comprehensive Income of
          tanggal 31 Desember 2024, 2023 dan 2022,                                   nominal amounts range from 93.14% to
          masing-masing berkisar dari 93,14% sampai                                  108.00%, 82.91% to 105.49% and range from
          dengan 108,00%, 82,91% sampai dengan                                       77.16% to 125.88% respectively.
          105,49% dan 77,16% sampai dengan 125,88%.

     j.   Bank mengakui keuntungan yang belum                                  j.    The Bank recognized unrealized gain - net
          direalisasi bersih (setelah pajak tangguhan)                               (after deferred tax) of Rp77,551, Rp67,906
          sebesar Rp77.551, Rp67.906 dan Rp35.792                                    and Rp35,792 from the changes in fair values
          dari perubahan nilai wajar efek-efek diukur                                through other comprehensive income include
          pada nilai wajar melalui penghasilan                                       allowance for impairment losses amounted
          komprehensif lain termasuk cadangan kerugian                               Rp64,935, Rp59,957 and Rp51,959 as of
          penurunan nilai sebesar Rp64.935, Rp59.957                                 December 31, 2024, 2023 and 2022,
          dan Rp51.959 masing-masing pada posisi                                     respectively, which are presented as
          31 Desember 2024, 2023 dan 2022 dalam akun                                 unrealized gain (loss) on securities and
          keuntungan yang belum direalisasi atas efek-                               government bonds, net of deferred tax in the
          efek dan obligasi pemerintah setelah pajak                                 statement of financial position.
          tangguhan dalam laporan posisi keuangan.

      k. Terdapat investasi efek-efek dengan pihak-                             k. As of December 31, 2024, 2023 and 2022,
         pihak   berelasi   sebesar    Rp5.489.205,                                investments in securities with related parties
         Rp3.851.105 dan Rp850.059, masing-masing                                  amounted to Rp5,489,205, Rp3,851,105 and
         pada tanggal 31 Desember 2024, 2023 dan                                   Rp850,059, respectively (Note 44).
         2022 (Catatan 44).

      l. Informasi mengenai klasifikasi aset keuangan                          l.   Information with respect to classification of
         yang mengalami penurunan nilai dan tidak                                   impaired and not impaired financial assets are
         mengalami penurunan nilai diungkapkan pada                                 disclosed in Note 45.
         Catatan 45.


9.   OBLIGASI PEMERINTAH                                                9.     GOVERNMENT BONDS

     a. Berdasarkan tujuan, pihak berelasi dan pihak                           a.    Based on purpose, related party and third
        ketiga                                                                       party
                                        31 Desember/        31 Desember/           31 Desember/
                                      December 31, 2024   December 31, 2023      December 31, 2022

          Pihak Berelasi (Catatan 44)                                                                              Related Party (Note 44)
          Diukur pada nilai wajar
             melalui laba rugi                3.265.550           3.796.440             19.591.199          Fair value through profit or loss
          Diukur pada nilai wajar melalui                                                                          Fair value through other
             penghasilan komprehensif lain   14.109.049          12.511.991             14.332.949              comprehensive income
          Diukur pada biaya perolehan
             amortisasi                      18.100.930          19.585.498             18.040.825                           Amortized cost

          Total                              35.475.529          35.893.929             51.964.973                                     Total


                                                                111
Page 563
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                      9.     GOVERNMENT BONDS (continued)

     b. Berdasarkan mata uang dan jenis                                         b.    Based on currency and type
                                         31 Desember/        31 Desember/           31 Desember/
                                       December 31, 2024   December 31, 2023      December 31, 2022

       Pihak berelasi                                                                                                        Related parties
       Nilai wajar melalui laba rugi                                                                         Fair value through profit or loss
          Rupiah                                                                                                                 Rupiah
          Tingkat bunga tetap                                                                                         Fixed interest rate
              FR 0100                           367.242                    -                      -                          FR 0100
              FR 0103                           245.038                    -                      -                          FR 0103
              FR 0104                           235.185                    -                      -                          FR 0104
              FR 0102                           227.399                    -                      -                          FR 0102
              FR 0097                           204.262               36.310                    701                          FR 0097
              FR 0087                           181.347                    -                 30.396                          FR 0087
              FR 0101                           177.946               30.504                      -                          FR 0101
              FR 0083                           175.479                9.723                 11.643                          FR 0083
              FR 0075                            88.635              156.057                    206                          FR 0075
              FR 0098                            86.948               41.970                      -                          FR 0098
              FR 0096                            59.965               20.814                 52.743                          FR 0096
              FR 0091                            53.874               19.791                 73.201                          FR 0091
              FR 0079                            44.316               28.757                      -                          FR 0079
              FR 0064                            37.004                    -                 10.370                          FR 0064
              FR 0068                            34.032                    -                 54.890                          FR 0068
              FR 0078                            31.349                    -                  9.002                          FR 0078
              FR 0059                            30.042                7.119                      -                          FR 0059
              FR 0072                            27.252               22.568                 23.366                          FR 0072
              FR 0082                            24.994                    -                      -                          FR 0082
              FR 0071                            24.957                    -                 88.494                          FR 0071
              FR 0065                            22.433                    -                     97                          FR 0065
              FR 0095                            19.869               15.771                 70.191                          FR 0095
              FR 0090                            14.557                7.044                 33.017                          FR 0090
              FR 0056                            10.211                    -                      -                          FR 0056
              ORI 024T6                           7.294                    -                      -                        ORI 024T6
              FR 0062                             6.053                  196                      -                          FR 0062
              ORI 021                             4.988               20.894                    496                          ORI 021
              FR 0086                             3.925              170.509                      -                          FR 0086
              ORI 025T3                           3.610                    -                      -                        ORI 025T3
              FR 0076                             3.181                  211                      -                          FR 0076
              ORI 023T3                           2.510                    -                      -                        ORI 023T3
              PBS 033                             1.641               19.214                      -                          PBS 033
              FR 0093                             1.418                2.438                    290                          FR 0093
              ORI 023T6                           1.158                    -                      -                        ORI 023T6
              FR 0089                             1.066                7.399                      -                          FR 0089
              SR 019T3                            1.031                    -                      -                         SR 019T3
              PBS 037                             1.000                    -                      -                          PBS 037
              PBS 017                               993                    -                 51.220                          PBS 017
              PBS 015                               988                    -                      -                          PBS 015
              ORI 022                               792               11.436                      -                          ORI 022
              SR 0017                               694                    -                    198                          SR 0017
              SR 0016                               547                5.486                      -                          SR 0016
              FR 0081                               499              201.564                      -                          FR 0081
              SR 020T5                              304                    -                      -                         SR 020T5
              FR 0084                               301               59.682                 20.526                          FR 0084
              FR 0088                               282                1.455                     65                          FR 0088
              SR 018T3                              272                    -                      -                         SR 018T3
              ORI 024T3                             247                    -                      -                        ORI 024T3
              FR 0085                               207                    -                    187                          FR 0085
              PBS 038                               195                    -                      -                          PBS 038
              PBS 004                               187                    -                      -                          PBS 004
              SR 021T3                              146                    -                      -                         SR 021T3
              SR 018T5                               99                    -                      -                         SR 018T5
              PBS 032                                97                    -                      -                          PBS 032
              SR 020T3                                5                    -                      -                         SR 020T3
              FR 0092                                 -               93.940                 16.136                          FR 0092
              FR 0070                                 -               43.057                      -                          FR 0070
              PBS 036                                 -               14.105                      -                          PBS 036
              ORI 020                                 -               11.647                      -                          ORI 020
              FR 0074                                 -               10.588                    207                          FR 0074
              FR 0073                                 -                3.141                      -                          FR 0073
              FR 0044                                 -                3.073                      -                          FR 0044
              PBS 026                                 -                1.000                      -                          PBS 026
              SR 0014                                 -                  618                     80                          SR 0014
              FR 0040                                 -                    -                 55.701                          FR 0040
              FR 0046                                 -                    -                 46.040                          FR 0046


                                                                 112
Page 564
                                                                                     The original financial statements included herein are in the
                                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                         9.        GOVERNMENT BONDS (continued)

     b. Berdasarkan mata uang dan jenis (lanjutan)                                    b.    Based on currency and type (continued)
                                           31 Desember/         31 Desember/              31 Desember/
                                         December 31, 2024    December 31, 2023         December 31, 2022

       Pihak berelasi (lanjutan)                                                                                        Related parties (continued)
       Nilai wajar melalui laba rugi (lanjutan)                                                         Fair value through profit or loss (continued)
          Rupiah                                                                                                                          Rupiah
          Tingkat bunga tetap                                                                                                Fixed interest rate
              FR 0080                                     -                      -                 41.472                             FR 0080
              ORI 018                                     -                      -                 40.110                             ORI 018
              ORI 019                                     -                      -                  2.087                             ORI 019
              SR 0015                                     -                      -                    191                             SR 0015
              ORI 017                                     -                      -                     70                             ORI 017
              SR 0012                                     -                      -                     50                             SR 0012

                                                  2.470.066           1.078.081                   733.443

       Zero Coupon Bonds                                                                                                    Zero Coupon Bonds
            SPN12250612                            249.387                    -                         -                      SPN12250612
            SPN12250213                            232.404                    -                         -                      SPN12250213
            SPN12250314                            197.116                    -                         -                      SPN12250314
            SPNS01042025                            76.506                    -                         -                    SPNS01042025
            SPNS03032025                            37.057                    -                 3.334.531                    SPNS03032025
            SPN12250710                              3.014                    -                 2.779.061                      SPN12250710
            SPN12240201                                  -            1.367.851                         -                      SPN12240201
            SPN12240229                                  -              746.378                         -                      SPN12240229
            SPN12240104                                  -              577.100                         -                      SPN12240104
            SPN03240313                                  -               24.651                         -                      SPN03240313
            SPN12230303                                  -                    -                 3.334.531                      SPN12230303
            SPN12230203                                  -                    -                 2.779.061                      SPN12230203
            SPN12230105                                  -                    -                 2.061.001                      SPN12230105
            SPN12230413                                  -                    -                 1.744.737                      SPN12230413
            SPN12230526                                  -                    -                 1.494.707                      SPN12230526
            SPN12230330                                  -                    -                 1.284.484                      SPN12230330
            SPN12230622                                  -                    -                 1.220.975                      SPN12230622
            SPN03230208                                  -                    -                   760.534                      SPN03230208
            SPN12230818                                  -                    -                   750.789                      SPN12230818
            SPN12230914                                  -                    -                   723.728                      SPN12230914
            SPN03230222                                  -                    -                   496.595                      SPN03230222
            SPNS02052023                                 -                    -                   473.497                    SPNS02052023
            SPNS07032023                                 -                    -                   421.154                    SPNS07032023
            SPN03230111                                  -                    -                   349.606                      SPN03230111
            SPNS10012023                                 -                    -                   299.754                    SPNS10012023
            SPN12231207                                  -                    -                   224.643                      SPN12231207
            SPN03230308                                  -                    -                    99.130                      SPN03230308
            SPN12230720                                  -                    -                    97.296                      SPN12230720
            SPN12231012                                  -                    -                    96.027                      SPN12231012
            SPN12231109                                  -                    -                    95.755                      SPN12231109
            SPNS07022023                                 -                    -                    49.752                    SPNS07022023

       Mata uang asing                                                                                                           Foreign Currencies
         Dolar Amerika Serikat                                                                                              United States Dollar
         Tingkat bunga tetap                                                                                                 Fixed interest rate
            INDOIS 2024                                   -               2.379                         -                       INDOIS 2024
            INDOIS 2031                                   -                   -                    18.773                       INDOIS 2031
            INDON 2024N                                   -                   -                       609                     INDON 2024N

                                                   795.484            2.715.980                18.857.756

                                                  3.265.550           3.796.440                19.591.199




                                                                    113
Page 565
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                      9.      GOVERNMENT BONDS (continued)

     b. Berdasarkan mata uang dan jenis (lanjutan)                               b.    Based on currency and type (continued)
                                         31 Desember/        31 Desember/            31 Desember/
                                       December 31, 2024   December 31, 2023       December 31, 2022

       Aset keuangan yang diukur pada                                                                              Financial asset held at fair
         nilai wajar melalui penghasilan                                                                              value through other
         komprehensif lain                                                                                        comprehensive income
         Rupiah                                                                                                                   Rupiah
         Tingkat bunga tetap                                                                                           Fixed interest rate
             FR 0104                          1.334.719                    -                       -                           FR 0104
             FR 0101                            995.000                    -                       -                           FR 0101
             FR 0084                            477.806              482.823                 489.041                           FR 0084
             FR 0078                            475.457              490.381                 490.508                           FR 0078
             FR 0090                            471.135              472.787                 470.978                           FR 0090
             FR 0042                            409.172              425.627                 435.458                           FR 0042
             FR 0056                            408.424              419.566                 427.016                           FR 0056
             FR 0040                            359.300              375.507                 389.801                           FR 0040
             FR 0071                            337.185              348.849                 350.602                           FR 0071
             FR 0059                            315.444              320.355                 323.036                           FR 0059
             FR 0083                            285.841              540.390               1.360.887                           FR 0083
             FR 0081                            269.333              270.087                 272.327                           FR 0081
             FR 0087                            262.718              269.194                 263.695                           FR 0087
             FR 0091                            243.576              250.102                 243.430                           FR 0091
             FR 0052                            197.445              203.717                 205.584                           FR 0052
             FR 0073                            138.129              142.338                 140.750                           FR 0073
             FR 0037                            118.576              125.128                 129.092                           FR 0037
             FR 0104                             58.610                    -                       -                           FR 0104
             FR 0082                             49.988               51.174                 156.466                           FR 0082
             FR 0044                                  -              233.128                 241.971                           FR 0044
             FR 0077                                  -              122.766                 129.035                           FR 0077
             FR 0054                                  -                    -                  47.085                           FR 0054
             FR 0068                                  -                    -                 567.123                           FR 0068
             FR 0072                                  -                    -                 369.052                           FR 0072
             FR 0075                                  -                    -                 188.673                           FR 0075
             FR 0039                                  -                    -                 171.841                           FR 0039
             FR 0046                                  -                    -                 102.310                           FR 0046
             FR 0085                                  -                    -                  57.797                           FR 0085
             FR 0062                                  -                     -                 57.785                           FR 0062

                                              7.207.858            5.543.919               8.081.343

       Obligasi Syariah Negara                                                                                  Government Sharia Bond
         PBSG 001                               761.946              542.139                   4.199                     PBSG 001
         PBS 003                                338.649              338.469                 191.598                       PBS 003
         PBS 017                                300.431              303.279                 308.382                       PBS 017
         PBS 030                                275.784              276.560                 273.796                       PBS 030
         PBS 037                                251.292              250.434                       -                       PBS 037
         PBS 032                                195.692              193.968                 194.051                       PBS 032
         PBS 033                                154.044              156.676                  32.921                       PBS 033
         PBS 038                                146.166               99.621                       -                       PBS 038
         PBS 025                                104.978              106.808                 105.392                       PBS 025
         PBS 029                                104.544              102.918                 101.669                       PBS 029
         PBS 039                                 96.721                    -                       -                       PBS 039
         PBS 022                                 78.108               78.965                  79.275                       PBS 022
         PBS 028                                 73.533               73.878                  71.208                       PBS 028
         PBS 021                                 67.848               68.795                  71.851                       PBS 021
         PBS 012                                 58.389               59.863                  59.124                       PBS 012
         PBS 004                                 52.478               46.542                  45.960                       PBS 004
         PBS 034                                 34.291               34.736                  32.610                       PBS 034
         PBS 026                                      -              253.450                 254.920                       PBS 026
         PBS 027                                      -                    -                 479.969                       PBS 027
         PBS 019                                      -                    -                 104.917                       PBS 019
         PBS 011                                      -                    -                   8.209                       PBS 011

                                              3.094.894            2.987.101               2.420.051




                                                                 114
Page 566
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                      9.     GOVERNMENT BONDS (continued)

     b. Berdasarkan mata uang dan jenis (lanjutan)                              b.    Based on currency and type (continued)
                                         31 Desember/        31 Desember/           31 Desember/
                                       December 31, 2024   December 31, 2023      December 31, 2022

     Aset keuangan yang diukur pada                                                                              Financial asset held at fair
     nilai wajar melalui penghasilan                                                                                    value through other
     komprehensif lain (lanjutan)                                                                         comprehensive income (continued)
     Mata uang asing                                                                                                     Foreign Currencies
         Dolar Amerika Serikat                                                                                     United States Dollar
         Tingkat bunga tetap                                                                                         Fixed interest rate
            INDON 2047                          783.459              825.805                775.119                    INDON 2047
            INDON 2046                          553.707              579.496                544.954                     INDON 2046
            INDON 2038                          535.027              545.560                516.227                     INDON 2038
            INDON 2044                          397.239              413.980                383.132                     INDON 2044
            INDON 2043                          362.810              383.217                361.545                     INDON 2043
            INDON 2045                          321.061              338.525                365.197                     INDON 2045
            INDON 2048                          203.841              215.720                203.418                     INDON 2048
            INDON 2049                          163.524              171.050                158.781                     INDON 2049
            INDOIS 2050                         126.907              134.838                127.609                    INDOIS 2050
            INDON 2049N                         103.266              112.072                116.540                   INDON 2049N
            INDON 2037                          100.996              102.953                127.775                     INDON 2037
            INDON 2050N                          90.981               97.039                 90.032                   INDON 2050N
            USDFR0002                            63.479               60.716                 61.226                     USDFR0002

                                              3.806.297            3.980.971              3.831.555

                                             14.109.049           12.511.991             14.332.949

     Diukur pada biaya
     perolehan amortisasi                                                                                                     Amortized cost
        Rupiah                                                                                                                    Rupiah
        Tingkat bunga tetap                                                                                            Fixed interest rate
           FR 0081                            1.447.513            1.452.798              1.457.898                           FR 0081
           FR 0084                            1.191.608            1.212.730              1.231.951                           FR 0084
           FR 0086                            1.140.181            1.138.797              1.137.564                           FR 0086
           FR 0056                            1.104.558            1.126.953              1.048.174                           FR 0056
           FR 0059                              920.386              923.741                442.347                           FR 0059
           FR 0064                              899.798              900.859                835.184                           FR 0064
           FR 0047                              762.223              784.201                804.972                           FR 0047
           FR 0085                              402.311              403.858                405.264                           FR 0085
           FR 0078                              332.756              336.975                340.917                           FR 0078
           FR 0087                              265.051              263.786                262.628                           FR 0087
           FR 0040                              260.671              272.759                284.041                           FR 0040
           FR 0082                              238.852              238.723                238.580                           FR 0082
           FR 0054                              147.551              149.411                151.148                           FR 0054
           FR 0071                              131.938              134.592                137.061                           FR 0071
           FR 0073                              129.591              130.747                131.814                           FR 0073
           FR 0090                               97.334               96.277                 95.292                           FR 0090
           FR 0088                               75.587               75.251                 74.948                           FR 0088
           FR 0037                               71.337               74.779                 78.003                           FR 0037
           FR 0091                               47.869               47.656                 47.456                           FR 0091
           FR 0065                               46.931               46.676                 46.442                           FR 0065
           FR 0052                               40.365               41.116                 41.811                           FR 0052
           FR 0042                               16.132               16.524                 16.889                           FR 0042
           FR 0070                                    -              431.886                440.831                           FR 0070
           FR 0044                                    -              288.687                300.342                           FR 0044
           FR 0077                                    -              101.037                103.718                           FR 0077
           FR 0046                                    -                    -                 41.273                           FR 0046
           FR 0039                                    -                    -                 14.565                           FR 0039

                                              9.770.543           10.690.819             10.211.113
       Obligasi Syariah Negara                                                                                     Government Sharia Bond
         Sukuk BI                             7.983.835            8.421.151              7.116.523                       Sukuk BI

                                             17.754.378           19.111.970             17.327.636


     Mata uang asing                                                                                                       Foreign Currencies
       Dolar Amerika Serikat                                                                                         United States Dollar
       Tingkat bunga tetap                                                                                            Fixed interest rate
          INDON 2026                            249.690              246.600                257.113                       INDON 2026
          INDON 2025                             96.862               95.492                 99.348                       INDON 2025
          INDOIS 2024                                 -              100.642                102.380                      INDOIS 2024
          INDOIS 2024N                                -               30.794                 31.135                   INDOIS 2024N
          INDOIS 2023                                 -                    -                128.695                      INDOIS 2023

                                                                 115
Page 567
                                                                                       The original financial statements included herein are in the
                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                       unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                           9.        GOVERNMENT BONDS (continued)

     b. Berdasarkan mata uang dan jenis (lanjutan)                                      b.    Based on currency and type (continued)
                                            31 Desember/        31 Desember/                31 Desember/
                                          December 31, 2024   December 31, 2023           December 31, 2022

     Diukur pada biaya
     perolehan amortisasi (lanjutan)                                                                                     Amortized cost (continued)
     Mata uang asing                                                                                                             Foreign Currencies
        Dolar Amerika Serikat                                                                                              United States Dollar
        Tingkat bunga tetap                                                                                                 Fixed interest rate
           INDON 2023                                    -                         -                    62.816                  INDON 2023
           INDON 2023 N                                  -                         -                    31.702              INDON 2023 N

                                                   346.552                 473.528                     713.189

                                                18.100.930            19.585.498                  18.040.825

          Total                                 35.475.529            35.893.929                  51.964.973                                     Total

     c. Berdasarkan jatuh tempo dan suku bunga                                          c.    Based on maturity and interest rate
                                                    Tanggal jatuh tempo/               Suku Bunga/
                     Keterangan                        Maturity date                   Interest Rate                         Description

          Nilai wajar melalui laba rugi                                                                                Fair value through profit or loss
             Rupiah                                                                                                                        Rupiah
             Tingkat bunga tetap                                                                                                Fixed interest rate
                 FR 0044                               15 September/                   10,00% tetap/                                   FR 0044
                                                     September 15, 2024                    fixed
                  FR 0056                              15 September/                   8,38% tetap/                                    FR 0056
                                                     September 15, 2026                    fixed
                  FR 0059                                  15 Mei/                     7,00% tetap/                                    FR 0059
                                                        May 15, 2027                       fixed
                  FR 0062                                  15 April/                   6,38% tetap/                                    FR 0062
                                                        April 15, 2042                     fixed
                  FR 0064                                  15 Mei/                     6,13% tetap/                                    FR 0064
                                                        May 15, 2028                       fixed
                  FR 0065                                  15 Mei/                     6,63% tetap/                                    FR 0065
                                                        May 15, 2033                       fixed
                  FR 0068                                 15 Maret/                    8,38% tetap/                                    FR 0068
                                                       March 15, 2034                      fixed
                  FR 0070                                 15 Maret/                    8,38% tetap/                                    FR 0070
                                                       March 15, 2024                      fixed
                  FR 0071                                 15 Maret/                    9,00% tetap/                                    FR 0071
                                                       March 15, 2029                      fixed
                  FR 0072                                  15 Mei/                     8,25% tetap/                                    FR 0072
                                                        May 15, 2036                       fixed
                  FR 0073                                  15 Mei/                     8,75% tetap/                                    FR 0073
                                                        May 15, 2031                       fixed
                  FR 0075                                  15 Mei/                     7,50% tetap/                                    FR 0075
                                                        May 15, 2038                       fixed
                  FR 0076                                  15 Mei/                     7,38% tetap/                                    FR 0076
                                                        May 15, 2048                       fixed
                  FR 0078                                  15 Mei/                     8,25% tetap/                                    FR 0078
                                                        May 15, 2029                       fixed
                  FR 0079                                  15 April/                   8,38% tetap/                                    FR 0079
                                                        April 15, 2039                     fixed
                  FR 0081                                  15 Juni/                    6,50% tetap/                                    FR 0081
                                                        June 15, 2025                      fixed
                  FR 0082                              15 September/                   7,00% tetap/                                    FR 0082
                                                     September 15, 2030                    fixed
                  FR 0083                                  15 April/                   7,50% tetap/                                    FR 0083
                                                        April 15, 2040                     fixed
                  FR 0084                                15 Februari/                  7,25% tetap/                                    FR 0084
                                                      February 15, 2026                    fixed
                  FR 0085                                  15 April/                   7,75% tetap/                                    FR 0085
                                                        April 15, 2031                     fixed
                  FR 0086                                  15 April/                   5,50% tetap/                                    FR 0086
                                                        April 15, 2026                     fixed
                  FR 0087                                15 Februari/                  6,50% tetap/                                    FR 0087
                                                      February 15, 2031                    fixed
                  FR 0088                                  15 Juni/                    6,25% tetap/                                    FR 0088
                                                        June 15, 2036                      fixed
                  FR 0089                                15 Agustus/                   6,88% tetap/                                    FR 0089
                                                       August 15, 2051                     fixed
                  FR 0090                                  15 April/                   5,13% tetap/                                    FR 0090
                                                        April 15, 2027                     fixed
                  FR 0091                                  15 April/                   6,38% tetap/                                    FR 0091
                                                        April 15, 2032                     fixed


                                                                    116
Page 568
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                              9.     GOVERNMENT BONDS (continued)

     c.   Berdasarkan jatuh tempo dan suku bunga                       c.    Based on maturity and interest rate (continued)
          (lanjutan)
                                          Tanggal jatuh tempo/        Suku Bunga/
                     Keterangan              Maturity date            Interest Rate                         Description

          Nilai wajar melalui laba rugi                                                               Fair value through profit or loss
             Rupiah                                                                                                       Rupiah
             Tingkat bunga tetap                                                                               Fixed interest rate
                 FR 0093                          15 Juli/             6,38% tetap/                                   FR 0093
                                               July 15, 2037               fixed
                FR 0095                         15 Agustus/            6,38% tetap/                                   FR 0095
                                             August 15, 2028               fixed
                FR 0096                         15 Februari/           7,00% tetap/                                   FR 0096
                                            February 15, 2033              fixed
                FR 0097                           15 Juni/             7,13% tetap/                                   FR 0097
                                              June 15, 2043                fixed
                FR 0098                           15 Juni/             7,13% tetap/                                   FR 0098
                                              June 15, 2038                fixed
                FR 0100                         15 Februari/           6,63% tetap/                                   FR 0100
                                            February 15, 2034              fixed
                FR 0101                           15 April/            6,88% tetap/                                   FR 0101
                                              April 15, 2029               fixed
                FR 0102                           15 Juli/             6,88% tetap/                                   FR 0102
                                               July 15, 2054               fixed
                FR 0103                           15 Juli/             6,75% tetap/                                   FR 0103
                                               July 15, 2035               fixed
                FR 0104                           15 Juli/             6,50% tetap/                                   FR 0104
                                               July 15, 2030               fixed
                ORI 021                         15 Februari/           4,90% tetap/                                   ORI 021
                                            February 15, 2025              fixed
                ORI 022                         15 Oktober/            5,95% tetap/                                   ORI 022
                                            October 15, 2025               fixed
                ORI 023T3                         15 Juli/             5,90% tetap/                                ORI 023T3
                                               July 15, 2026               fixed
                ORI 023T6                         15 Juli/             6,10% tetap/                                ORI 023T6
                                               July 15, 2029               fixed
                ORI 024T3                       15 Oktober/            6,10% tetap/                                ORI 024T3
                                            October 15, 2026               fixed
                ORI 024T6                       15 Oktober/            6,35% tetap/                                ORI 024T6
                                            October 15, 2029               fixed
                ORI 025T3                       15 Februari/           6,25% tetap/                                ORI 025T3
                                            February 15, 2027              fixed
                PBS 004                         15 Februari/           6,10% tetap/                                  PBS 004
                                            February 15, 2037              fixed
                PBS 015                           15 Juli/             8,00% tetap/                                  PBS 015
                                               July 15, 2047               fixed
                PBS 017                         15 Oktober/            6,13% tetap/                                  PBS 017
                                            October 15, 2025               fixed
                PBS 032                           15 Juli/             4,88% tetap/                                  PBS 032
                                               July 15, 2026
                PBS 033                           15 Juni/             6,75% tetap/                                  PBS 033
                                              June 15, 2047                fixed
                PBS 037                          15 Maret/             6,88% tetap/                                  PBS 037
                                             March 15, 2036                fixed
                PBS 038                       15 Desember/             6,88% tetap/                                  PBS 038
                                           December 15, 2049               fixed
                SR 0014                          10 Maret/             5,47% tetap/                                  SR 0014
                                             March 10, 2024                fixed
                SR 0016                          10 Maret/             4,95% tetap/                                  SR 0016
                                             March 10, 2025                fixed
                SR 0017                       10 September/            5,90% tetap/                                  SR 0017
                                          September 10, 2025               fixed
                SR 018T3                         10 Maret/             6,25% tetap/                                 SR 018T3
                                             March 10, 2026                fixed
                SR 018T5                         10 Maret/             6,40% tetap/                                 SR 018T5
                                             March 10, 2028                fixed
                SR 019T3                      10 September/            5,95% tetap/                                 SR 019T3
                                          September 10, 2026               fixed
                SR 020T3                         10 Maret/             6,30% tetap/                                 SR 020T3
                                             March 10, 2027                fixed
                SR 020T5                         10 Maret/             6,40% tetap/                                 SR 020T5
                                             March 10, 2029                fixed
                SR 021T3                      10 September/            6,35% tetap/                                 SR 021T3
                                           September 10, 2027              fixed
                                             January 2, 2025               fixed
             Zero Coupon Bonds                                                                               Zero Coupon Bonds
                SPN                             Beragam/                Beragam/                                       SPN
                                                Various                  Various




                                                           117
Page 569
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                       9.     GOVERNMENT BONDS (continued)

     c. Berdasarkan jatuh tempo dan suku bunga                                  c.    Based on maturity and interest rate (continued)
        (lanjutan)
                                                   Tanggal jatuh tempo/        Suku Bunga/
                   Keterangan                         Maturity date            Interest Rate                            Description

        Nilai wajar melalui laba rugi (lanjutan)                                                     Fair value through profit or loss (continued)
        Mata uang asing                                                                                                       Foreign Currencies
           Dolar Amerika Serikat                                                                                         United States Dollar
           Tingkat bunga tetap                                                                                             Fixed interest rate
               INDOIS 2025                               28 Mei/                4,32% tetap/                               INDOIS 2025
                                                      May 28, 2025                  fixed
              INDOIS 2024                             10 September/             4,35% tetap/                                INDOIS 2024
                                                    September 10, 2024              fixed

        Aset keuangan yang diukur pada                                                                             Financial asset held at fair
        nilai wajar melalui penghasilan                                                                                 value through other
        komprehensif lain                                                                                           comprehensive income
           Rupiah                                                                                                                    Rupiah
           Tingkat bunga tetap                                                                                            Fixed interest rate
              FR 0037                                 15 September/            12,00% tetap/                                    FR 0037
                                                    September 15, 2026             fixed
              FR 0040                                 15 September/            11,00% tetap/                                     FR 0040
                                                    September 15, 2025             fixed
              FR 0042                                     15 Juli/             10,25% tetap/                                     FR 0042
                                                       July 15, 2027               fixed
              FR 0044                                 15 September/            10,00% tetap/                                     FR 0044
                                                    September 15, 2024             fixed
              FR 0052                                   15 Agustus/            10,50% tetap/                                     FR 0052
                                                      August 15, 2030              fixed
              FR 0056                                 15 September/            8,38% tetap/                                      FR 0056
                                                    September 15, 2026             fixed
              FR 0059                                     15 Mei/              7,00% tetap/                                      FR 0059
                                                       May 15, 2027                fixed
              FR 0071                                    15 Maret/             9,00% tetap/                                      FR 0071
                                                      March 15, 2029               fixed
              FR 0073                                     15 Mei/              8,75% tetap/                                      FR 0073
                                                       May 15, 2031                fixed
              FR 0077                                     15 Mei/              8,13% tetap/                                      FR 0077
                                                       May 15, 2024                fixed
              FR 0078                                     15 Mei/              8,25% tetap/                                      FR 0078
                                                       May 15, 2029                fixed
              FR 0081                                     15 Juni/             6,50% tetap/                                      FR 0081
                                                       June 15, 2025               fixed
              FR 0082                                 15 September/            7,00% tetap/                                      FR 0082
                                                    September 15, 2030             fixed
              FR 0083                                     15 April/            7,50% tetap/                                      FR 0083
                                                       April 15, 2040              fixed
              FR 0084                                   15 Februari/           7,25% tetap/                                      FR 0084
                                                     February 15, 2026             fixed
              FR 0087                                   15 Februari/           6,50% tetap/                                      FR 0087
                                                     February 15, 2031             fixed
              FR 0090                                     15 April/            5,13% tetap/                                      FR 0090
                                                       April 15, 2027              fixed
              FR 0091                                     15 April/            6,38% tetap/                                      FR 0091
                                                       April 15, 2032              fixed
              FR 0101                                     15 April/            6,88% tetap/                                      FR 0101
                                                       April 15, 2029              fixed
              FR 0104                                     15 Juli/             6,50% tetap/                                      FR 0104
                                                       July 15, 2030               fixed




                                                                   118
Page 570
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                              9.    GOVERNMENT BONDS (continued)

     c. Berdasarkan jatuh tempo dan suku bunga                         c.    Based on maturity and interest rate (continued)
        (lanjutan)
                                          Tanggal jatuh tempo/        Suku Bunga/
                 Keterangan                  Maturity date            Interest Rate                          Description

        Aset keuangan yang diukur pada                                                                Financial asset held at fair
        nilai wajar melalui penghasilan                                                                     value through other
        komprehensif lain (lanjutan)                                                          comprehensive income (continued)
          Rupiah (lanjutan)                                                                                  Rupiah (continued)
          Tingkat bunga tetap                                                                                 Fixed interest rate
          Obligasi Syariah Negara                                                                      Government Sharia Bonds
             PBS 003                           15 Januari/             6,00% tetap/                                 PBS 003
                                            January 15, 2027               fixed
             PBS 004                           15 Februari/            6,10% tetap/                                  PBS 004
                                            February 15, 2037              fixed
             PBS 012                          15 November/             8,88% tetap/                                  PBS 012
                                           November 15, 2031               fixed
             PBS 017                           15 Oktober/             6,13% tetap/                                  PBS 017
                                            October 15, 2025               fixed
             PBS 021                          15 November/             8,50% tetap/                                  PBS 021
                                           November 15, 2026               fixed
             PBS 022                             15 April/             8,63% tetap/                                  PBS 022
                                              April 15, 2034               fixed
             PBS 025                             15 Mei/               8,38% tetap/                                  PBS 025
                                              May 15, 2033                 fixed
             PBS 028                           15 Oktober/             7,75% tetap/                                  PBS 028
                                            October 15, 2046               fixed
             PBS 029                            15 Maret/              6,38% tetap/                                  PBS 029
                                             March 15, 2034                fixed
             PBS 030                             15 Juli/              5,88% tetap/                                  PBS 030
                                              July 15, 2028                fixed
             PBS 032                             15 Juli/              4,88% tetap/                                  PBS 032
                                              July 15, 2026                fixed
             PBS 033                             15 Juni/              6,75% tetap/                                  PBS 033
                                             June 15, 2047                 fixed
             PBS 034                             15 Juni/              6,50% tetap/                                  PBS 034
                                             June 15, 2039                 fixed
             PBS 037                            15 Maret/              6,88% tetap/                                  PBS 037
                                             March 15, 2036                fixed
             PBS 038                          15 Desember/             6,88% tetap/                                  PBS 038
                                           December 15, 2049               fixed
             PBS 039                             15 Juli/              6,63% tetap/                                  PBS 039
                                              July 15, 2041                fixed
             PBSG001                         15 September/             6,63% tetap/                                 PBSG001
                                           September 15, 2029              fixed
        Mata uang asing                                                                                          Foreign Currencies
          Dolar Amerika Serikat                                                                               United States Dollar
          Tingkat bunga tetap                                                                                  Fixed interest rate
             INDOIS 2050                         23 Juni/              3,80% tetap/                            INDOIS 2050
                                              June 23, 2050                fixed
             INDON 2037                        17 Februari/            6,63% tetap/                              INDON 2037
                                            February 17, 2037              fixed
             INDON 2038                        17 Januari/             7,75% tetap/                              INDON 2038
                                            January 17, 2038               fixed
             INDON 2043                          15 April/             4,63% tetap/                              INDON 2043
                                              April 15, 2043               fixed
             INDON 2044                        15 Januari/             6,75% tetap/                              INDON 2044
                                            January 15, 2044               fixed
             INDON 2045                        15 Januari/             5,13% tetap/                              INDON 2045
                                            January 15, 2045               fixed
             INDON 2046                         8 Januari/             5,95% tetap/                              INDON 2046
                                             January 8, 2046               fixed
             INDON 2047                         8 Januari/             5,25% tetap/                              INDON 2047
                                             January 8, 2047               fixed
             INDON 2048                        11 Januari/             4,35% tetap/                              INDON 2048
                                            January 11, 2048               fixed
             INDON 2049                        11 Februari/            5,35% tetap/                              INDON 2049
                                            February 11, 2049              fixed
             INDON 2049N                       30 Oktober/             3,70% tetap/                            INDON 2049N
                                            October 30, 2049               fixed
             INDON 2050N                       15 Oktober/             4,20% tetap/                            INDON 2050N
                                            October 15, 2050               fixed
             USD FR 0002                         24 Juni/              4,05% tetap/                             USD FR 0002
                                              June 24, 2026                fixed




                                                           119
Page 571
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                          9.     GOVERNMENT BONDS (continued)

     c. Berdasarkan jatuh tempo dan suku bunga                      c. Based on maturity and interest rate (continued)
        (lanjutan)
                                      Tanggal jatuh tempo/        Suku Bunga/
                 Keterangan              Maturity date            Interest Rate                         Description

        Diukur pada biaya
        perolehan amortisasi                                                                                    Amortized cost
          Rupiah                                                                                                     Rupiah
          Tingkat bunga tetap                                                                             Fixed interest rate
             FR 0037                      15 September/            12,00% tetap/                                FR 0037
                                       September 15, 2026               fixed
             FR 0040                     15 September/            11,00% tetap/                                 FR 0040
                                       September 15, 2025               fixed
             FR 0042                          15 Juli/             10,25% tetap/                                FR 0042
                                           July 15, 2027                fixed
             FR 0044                      15 September/           10,00% tetap/                                 FR 0044
                                       September 15, 2024               fixed
             FR 0047                        15 Februari/           10,00% tetap/                                FR 0047
                                        February 15, 2028               fixed
             FR 0052                        15 Agustus/            10,50% tetap/                                FR 0052
                                         August 15, 2030                fixed
             FR 0054                          15 Juli/             9,50% tetap/                                 FR 0054
                                           July 15, 2031                fixed
             FR 0056                      15 September/            8,38% tetap/                                 FR 0056
                                       September 15, 2026               fixed
             FR 0059                          15 Mei/              7,00% tetap/                                 FR 0059
                                          May 15, 2027                 fixed
             FR 0064                          15 Mei/              6,13% tetap/                                 FR 0064
                                          May 15, 2028                 fixed
             FR 0065                          15 Mei/              6,63% tetap/                                 FR 0065
                                          May 15, 2033                  fixed
             FR 0070                          15 Maret/            8,38% tetap/                                 FR 0070
                                          March 15, 2024               fixed
             FR 0071                          15 Maret/            9,00% tetap/                                 FR 0071
                                          March 15, 2029               fixed
             FR 0073                          15 Mei/              8,75% tetap/                                 FR 0073
                                          May 15, 2031                  fixed
             FR 0077                          15 Mei/              8,13% tetap/                                 FR 0077
                                          May 15, 2024                 fixed
             FR 0078                          15 Mei/              8,25% tetap/                                 FR 0078
                                          May 15, 2029                 fixed
             FR 0081                         15 Juni/              6,50% tetap/                                 FR 0081
                                          June 15, 2025                fixed
             FR 0082                      15 September/            7,00% tetap/                                 FR 0082
                                       September 15, 2030               fixed
             FR 0084                       15 Februari/            7,25% tetap/                                 FR 0084
                                        February 15, 2026              fixed
             FR 0085                          15 April/            7,75% tetap/                                 FR 0085
                                          April 15, 2031                fixed
             FR 0086                         15 April/             5,50% tetap/                                 FR 0086
                                          April 15, 2026               fixed
             FR 0087                        15 Februari/           6,50% tetap/                                 FR 0087
                                        February 15, 2031               fixed
             FR 0088                          15 Juni/             6,25% tetap/                                 FR 0088
                                          June 15, 2036                 fixed
             FR 0090                          15 April/            5,13% tetap/                                 FR 0090
                                          April 15, 2027                fixed
             FR 0091                          15 April/            6,38% tetap/                                 FR 0091
                                          April 15, 2032                fixed
             FR 0104                         7 Januari/            6,35% tetap/                                 FR 0104
                                         January 7, 2025                fixed

          Obligasi Syariah Negara                                                                   Government Sharia Bond
            Sukuk BI                        3 Januari/             6,89% tetap/                                Sukuk BI
                                         January 3, 2025               fixed
             Sukuk BI                       3 Januari/             6,83% tetap/                                 Sukuk BI
                                         January 3, 2025               fixed
             Sukuk BI                       3 Januari/             7,32% tetap/                                 Sukuk BI
                                         January 3, 2025               fixed
             Sukuk BI                       3 Januari/             6,00% tetap/                                 Sukuk BI
                                         January 3, 2025               fixed
             Sukuk BI                       6 Januari/             6,00% tetap/                                 Sukuk BI
                                         January 6, 2025               fixed
             Sukuk BI                      22 Januari/             6,57% tetap/                                 Sukuk BI
                                        January 22, 2025               fixed
             Sukuk BI                      31 Januari/             6,82% tetap/                                 Sukuk BI
                                        January 31, 2025               fixed
             Sukuk BI                      31 Januari/             7,32% tetap/                                 Sukuk BI
                                        January 31, 2025               fixed


                                                       120
Page 572
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                                   9.    GOVERNMENT BONDS (continued)
     c. Berdasarkan jatuh tempo dan suku bunga                              c. Based on maturity and interest rate (continued)
        (lanjutan)
                                               Tanggal jatuh tempo/        Suku Bunga/
                  Keterangan                      Maturity date            Interest Rate                          Description
        Diukur pada biaya
        perolehan amortisasi (lanjutan)                                                                       Amortized cost (continued)
          Rupiah (lanjutan)                                                                                       Rupiah (continued)
          Tingkat bunga tetap                                                                                      Fixed interest rate
          Obligasi Syariah Negara (lanjutan)                                                      Government Sharia Bond (continued)
             Sukuk BI                                31 Januari/            7,09% tetap/                                 Sukuk BI
                                                 January 31, 2025               fixed
             Sukuk BI                               26 Februari/            6,70% tetap/                                  Sukuk BI
                                                February 26, 2025               fixed
             Sukuk BI                                  7 Maret/             6,86% tetap/                                  Sukuk BI
                                                   March 7, 2025                fixed
             Sukuk BI                                  7 Maret/             7,33% tetap/                                  Sukuk BI
                                                   March 7, 2025                fixed
             Sukuk BI                                  7 Maret/             7,02% tetap/                                  Sukuk BI
                                                   March 7, 2025                fixed
             Sukuk BI                                 25 Maret/             6,72% tetap/                                  Sukuk BI
                                                  March 25, 2025                fixed
             Sukuk BI                                  4 April/             6,92% tetap/                                  Sukuk BI
                                                    April 4, 2025               fixed
             Sukuk BI                                  4 April/             7,43% tetap/                                  Sukuk BI
                                                    April 4, 2025               fixed
             Sukuk BI                                  4 April/             6,69% tetap/                                  Sukuk BI
                                                    April 4, 2025               fixed
             Sukuk BI                                   2 Mei/              7,47% tetap/                                  Sukuk BI
                                                    May 2, 2025                 fixed
             Sukuk BI                                   2 Mei/              7,18% tetap/                                  Sukuk BI
                                                    May 2, 2025                 fixed
             Sukuk BI                                   2 Mei/              6,78% tetap/                                  Sukuk BI
                                                    May 2, 2025                 fixed
             Sukuk BI                                   6 Juni/             7,38% tetap/                                  Sukuk BI
                                                    June 6, 2025                fixed
             Sukuk BI                                   6 Juni/             7,11% tetap/                                  Sukuk BI
                                                    June 6, 2025                fixed
             Sukuk BI                                  10 Juni/             7,12% tetap/                                  Sukuk BI
                                                   June 10, 2025                fixed
             Sukuk BI                                   4 Juli/             7,52% tetap/                                  Sukuk BI
                                                    July 4, 2025                fixed
             Sukuk BI                                   4 Juli/             6,78% tetap/                                  Sukuk BI
                                                    July 4, 2025                fixed
             Sukuk BI                                1 Agustus/             7,24% tetap/                                  Sukuk BI
                                                  August 1, 2025                fixed
             Sukuk BI                                1 Agustus/             6,85% tetap/                                  Sukuk BI
                                                  August 1, 2025                fixed
             Sukuk BI                              8 September/             7,15% tetap/                                  Sukuk BI
                                                September 8, 2025               fixed
             Sukuk BI                                3 Oktober/             6,82% tetap/                                  Sukuk BI
                                                  October 3, 2025               fixed
             Sukuk BI                                31 Oktober/            7,05% tetap/                                  Sukuk BI
                                                 October 31, 2025               fixed
             Sukuk BI                               5 Desember/             7,23% tetap/                                  Sukuk BI
                                                December 5, 2025                fixed

          Dolar Amerika Serikat                                                                                   United States Dollar
          Tingkat bunga tetap                                                                                      Fixed interest rate

            INDON 2025                              15 Januari/             4,13% tetap/                              INDON 2025
                                                 January 15, 2025               fixed
            INDON 2026                               8 Januari/             4,75% tetap/                              INDON 2026
                                                  January 8, 2026               fixed




                                                                121
Page 573
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


9.   OBLIGASI PEMERINTAH (lanjutan)                             9.    GOVERNMENT BONDS (continued)
     c. Berdasarkan jatuh tempo dan suku bunga                        c. Based on maturity and interest rate (continued)
        (lanjutan)

        Bunga atas obligasi pemerintah syariah untuk                   Interest of ORI series, PBS and SR series
        seri ORI, PBS dan seri SR, masing-masing                       sharia government bonds are paid monthly and
        dibayarkan secara bulanan dan semester.                        semi-annually, respectively.
        Nilai pasar obligasi pemerintah yang                           The market values of government bonds
        diklasifikasikan sebagai nilai wajar melalui                   classified as fair value through profit or loss and
        laba rugi dan diukur pada nilai wajar melalui                  fair value through other comprehensive income
        penghasilan komprehensif lain berkisar dari                    are ranging from 93.40% to 158.29%, 83.40%
        93,40% sampai dengan 158,29%, 83,40%                           to 128.61% and 77.42% to 120.93% of nominal
        sampai dengan 128,61% dan 77,42% sampai                        amounts as of December 31, 2024, 2023 and
        dengan 120,93% masing-masing pada                              2022, respectively.
        tanggal 31 Desember 2024, 2023 dan 2022.
        Kerugian yang belum direalisasi akibat                         As of December 31, 2024, 2023 and 2022, the
        penurunan nilai wajar obligasi pemerintah                      unrealized gain or loss due to the decrease in
        yang diukur pada nilai wajar melalui                           the fair value of fair value through other
        pendapatan komprehensif lain pada tanggal                      comprehensive income government bonds
        31 Desember 2024, 2023 dan 2022 masing-                        (after deferred tax) amounted to (Rp1.185.533),
        masing sebesar (Rp1.185.533), (Rp836.907)                      (Rp836,907) and (Rp1,229,044), respectively,
        dan (Rp1.229.044), yang disajikan dalam                        which are presented as “Unrealized (loss) on
        akun “(Kerugian) yang belum direalisasi atas                   securities and government bonds, net of
        efek-efek dan obligasi pemerintah setelah                      deferred tax” in the equity section of the
        pajak tangguhan” pada ekuitas dalam laporan                    statement of financial position.
        posisi keuangan.
        Bank mengakui keuntungan dan kerugian                          The Bank recognized gain and loss-net on sale
        bersih atas penjualan obligasi pemerintah                      of government bonds amounting to Rp49,049,
        masing-masing        sebesar    Rp49.049,                      Rp541,392 and (Rp266,235) for the years
        Rp541.392 dan (Rp266.235), untuk tahun                         ended December 31, 2024, 2023 and 2022,
        yang berakhir pada tanggal 31 Desember                         respectively, which is presented in the
        2024, 2023 dan 2022, yang disajikan dalam                      statement of profit or loss and other
        akun “Keuntungan dan (kerugian) dari                           comprehensive income as “Gain and (loss) on
        penjualan obligasi pemerintah - neto” di                       sale of government bonds - net”.
        laporan   laba     rugi  dan  penghasilan
        komprehensif lain.
        Bank mengakui keuntungan dan kerugian                          The Bank recognized unrealized gain and loss-
        yang belum direalisasi-neto atas perubahan                     net from the change in fair value of government
        nilai wajar obligasi pemerintah melalui laba                   bonds classified as at fair value through profit or
        rugi sebesar (Rp40.444), (Rp5.780) dan                         loss amounting to (Rp40,444), (Rp5,780) and
        Rp55.045 masing-masing untuk tahun yang                        Rp55,045 for the years ended December 31,
        berakhir pada tanggal 31 Desember 2024,                        2024, 2023 and 2022, respectively, which is
        2023 dan 2022, yang disajikan dalam akun                       presented in the statement of profit and loss in
        “Keuntungan       (kerugian)    yang    belum                  other comprehensive income as “Unrealized
        direalisasi dari perubahan nilai wajar obligasi                gain and loss from change in fair value of
        pemerintah - neto” di laporan laba rugi dan                    government bonds - net”.
        penghasilan komprehensif lain.




                                                          122
Page 574
                                                                                                The original financial statements included herein are in the
                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                     unless otherwise stated)


10. EFEK-EFEK YANG DIBELI DENGAN JANJI                                                    10.        SECURITIES    PURCHASED                                       UNDER
    DIJUAL KEMBALI                                                                                   AGREEMENT TO RESELL
   Efek-efek yang dibeli dengan janji dijual kembali                                                 Securities purchased under agreement to resell
   terdiri dari:                                                                                     consist of:
                                                                      31 Desember/December 31, 2024

                                   Jenis                                                                                                     Pendapatan Bunga
                                   Surat         Suku        Nilai                                     Tanggal              Harga Pen-          yang Belum          Nilai
                                  Berharga/    Bunga/      Nominal/         Tanggal Dimulai/          Penjualan           jualan Kembali/        Direalisasi/     Tercatat/
          Nasabah/                Type of      Interest    Nominal          Commencement               Kembali/                Resell            Unrealized       Carrying
          Customer                Securities     rate      Amount               Date                  Resell Date              Price               Interest         Value

  Pihak Ketiga/Third Party
  Bank Pembangunan         IDSR240125364S       6,46%             50.000     17 Desember/           2 Januari/                   49.785                  9            49.776
       Daerah Kalimantan                                                   December 17, 2024     January 2, 2025
       Tengah
  Nationalnobu Bank         IDSR051225364S      6,30%             50.000     24 Desember/           7 Januari/                   46.868                 50            46.818
                                                                           December 24, 2024     January 7, 2025
  Bank Pembangunan        IDSR101025364S        6,46%             33.000     18 Desember/           3 Januari/                   31.334                 11            31.323
      Daerah Kalimantan                                                    December 18, 2024     January 3, 2025
      Tengah
  Standard Chartered Bank IDSR040425364S        6,30%             10.000     23 Desember/           6 Januari/                    9.832                  9             9.823
                                                                           December 23, 2024     January 6, 2025
  Standard Chartered Bank IDSR040425364         6,30%             10.000     19 Desember/           2 Januari/                    9.825                  2             9.823
                                                                           December 19, 2024     January 2, 2025
  Bank Pembangunan        FR0087                6,46%             10.000     20 Desember/           3 Januari/                    9.205                  3             9.202
      Daerah Jawa Barat                                                    December 20, 2024     January 3, 2025
      Dan Banten Tbk
  Bank Pembangunan        FR0087                6,46%             10.000     27 Desember/           10 Januari/                   9.211                 15             9.196
      Daerah Jawa Barat                                                    December 27, 2024     January 10, 2025
      Dan Banten Tbk
  Standard Chartered Bank IDSR040425364          6,30%             5.000     30 Desember/           13 Januari/                   4.923                 11             4.912
                                                                           December 30, 2024     January 13, 2025
  Bank Pembangunan            FR0096           6,46%               5.000     31 Desember/           14 Januari/                   4.763                 11             4.752
      Daerah Jawa Barat                                                    December 31, 2024     January 14, 2025
      Dan Banten Tbk

  Total                                                          183.000                                                        175.746               121           175.625



                                                                      31 Desember/December 31, 2022

                                    Jenis                                                                                                  Pendapatan Bunga
                                    surat        Suku        Nilai                                  Tanggal                Harga Pen-         yang Belum            Nilai
                                  berharga/     bunga/     nominal/         Tanggal dimulai/       penjualan             jualan kembali/      Direalisasi/         tercatat/
          Nasabah/                 Type of     Interest    Nominal          commencement            kembali/                  Resell           Unrealized          Carrying
          Customer                securities     rate      amount                date             Resell date                 price             interest            Value

  Pihak Ketiga/Third Party
  Bank Indonesia                  VR0035       5,50%        1.000.000        30 Desember/           6 Januari/                  957.562               731           956.831
                                                                           December 30, 2022     January 6, 2023
  Bank Indonesia                  VR0039       5,50%             500.000     30 Desember/           6 Januari/                  477.724               365           477.359
                                                                           December 30, 2022     January 6, 2023

                                                            1.500.000                                                         1.435.286              1.096        1.434.190




   Berikut adalah perubahan efek-efek yang dibeli                                                    Presented below is the movements in securities
   dengan janji dijual kembali untuk tahun yang                                                      purchased under agreement to resell for the year
   berakhir 31 Desember 2024, 2023 dan 2022:                                                         ended December 31, 2024, 2023 and 2022,
                                                                                                     respectively:
                                                                       31 Desember/December 31, 2024

                                                 Stage 1              Stage 2         Stage 3            Syariah*)           Total

              Efek-efek yang dibeli dengan                                                                                                      Securities purchased under
                janji dijual kembali                                                                                                                  agreement to resell
                Saldo awal                                   -                  -                -                   -                 -                Beginning Balance

              Aset keuangan baru yang                                                                                                                    New financial assets
                diterbitkan atau dibeli                175.625                  -                -                   -          175.625            originated or purchased
              Aset keuangan yang                                                                                                                      Derecognized financial
                dihentikan pengakuannya                      -                                   -                   -                 -                             assets

              Saldo akhir tahun                        175.625                  -                -                   -          175.625          Balance at the end of year


          *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                         *) Not applying SFAS No. 109 ”Financial Instruments”




                                                                                123
Page 575
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


10. EFEK-EFEK YANG DIBELI DENGAN JANJI                                               10.         SECURITIES    PURCHASED         UNDER
    DIJUAL KEMBALI (lanjutan)                                                                    AGREEMENT TO RESELL (continued)
      Berikut adalah perubahan efek-efek yang dibeli                                             Presented below is the movements in securities
      dengan janji dijual kembali untuk tahun yang                                               purchased under agreement to resell for the year
      berakhir 31 Desember 2024, 2023 dan 2022:                                                  ended December 31, 2024, 2023 and 2022,
                                                                                                 respectively:
                                                                  31 Desember/December 31, 2023

                                                Stage 1          Stage 2          Stage 3           Syariah*)           Total

             Efek-efek yang dibeli dengan                                                                                                Securities purchased under
               janji dijual kembali                                                                                                            agreement to resell
               Saldo awal                         1.434.190                -                 -                  -       1.434.190                Beginning Balance

             Aset keuangan baru yang                                                                                                               New financial assets
               diterbitkan atau dibeli                    -                -                 -                  -                -           originated or purchased
             Aset keuangan yang                                                                                                                 Derecognized financial
               dihentikan pengakuannya          (1.434.190)                -                 -                  -      (1.434.190)                             assets

             Saldo akhir tahun                            -                -                 -                  -                -        Balance at the end of year


         *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                      *) Not applying SFAS No. 109 ”Financial Instruments”

                                                                  31 Desember/December 31, 2022

                                                Stage 1          Stage 2          Stage 3           Syariah*)           Total

             Efek-efek yang dibeli dengan                                                                                                Securities purchased under
               janji dijual kembali                                                                                                            agreement to resell
               Saldo awal                         1.598.325                -                 -                  -       1.598.325                Beginning Balance

             Aset keuangan baru yang                                                                                                               New financial assets
               diterbitkan atau dibeli            1.434.190                -                 -                  -       1.434.190            originated or purchased
             Aset keuangan yang                                                                                                                 Derecognized financial
               dihentikan pengakuannya          (1.598.325)                -                 -                  -      (1.598.325)                             assets

             Saldo akhir tahun                    1.434.190                -                 -                  -       1.434.190         Balance at the end of year


         *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                      *) Not applying SFAS No. 109 ”Financial Instruments”

11.    KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                         11.         LOANS    AND                   SHARIA               FINANCING/
       PIUTANG SYARIAH                                                                           RECEIVABLES
       Seluruh kredit yang diberikan oleh Bank, termasuk                                      All loans provided by the Bank, including sharia
       pembiayaan/piutang syariah adalah dalam Rupiah.                                       financing/receivables are in Rupiah. The details of
       Rincian kredit dan pembiayaan/piutang syariah                                         loans and sharia financing/receivables classified by
       yang diberikan oleh Bank berdasarkan jenis,                                           type, transactions with related parties, economic
       transaksi dengan pihak-pihak berelasi, sektor                                         sector, period based on agreements, remaining
       ekonomi, jangka waktu sesuai dengan perjanjian,                                       period to maturity and collectibility are as follows:
       sisa umur jatuh tempo dan kolektibilitas adalah
       sebagai berikut:
       a. Jenis Kredit dan Pembiayaan/Piutang Syariah                                            a. Types      of     Loans                      and           Sharia
                                                                                                    Financing/Receivables
                                              31 Desember/           31 Desember/                  31 Desember/
                                            December 31, 2024      December 31, 2023             December 31, 2022

        Konvensional                                                                                                                                Conventional
        Konsumsi                                                                                                                                       Consumer
          Pemilikan rumah (KPR)                  239.067.180               223.468.118                  204.856.626                              Housing loan
          Non-kepemilikan rumah                   14.243.360                12.840.107                   11.546.141                          Non-housing loan

                                                 253.310.540               236.308.225                  216.402.767

        Modal kerja                               34.063.699                   35.696.992                32.155.119                                Working capital
        Investasi                                 17.120.907                   15.453.971                11.501.050                                    Investment
        Sindikasi                                  7.785.728                    7.150.361                 4.504.244                                    Syndicated
        Direksi dan karyawan                                                                                                             Directors and employees
           - Pihak ketiga                           1.739.208                   1.893.632                  2.008.080                            Third parties -
           - Pihak yang berelasi                       60.023                      80.679                     86.305                         Related parties -

                                                 314.080.105               296.583.860                  266.657.565




                                                                           124
Page 576
                                                                                          The original financial statements included herein are in the
                                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                           unless otherwise stated)


11.    KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                       11.     LOANS    AND      SHARIA                       FINANCING/
       PIUTANG SYARIAH (lanjutan)                                                          RECEIVABLES (continued)

       a. Jenis Kredit dan Pembiayaan/Piutang Syariah                                      a. Types      of     Loans       and                    Sharia
         (lanjutan)                                                                           Financing/Receivables (continued)
                                             31 Desember/              31 Desember/            31 Desember/
                                           December 31, 2024         December 31, 2023       December 31, 2022

           Syariah                                                                                                                               Sharia
           Konsumsi                                                                                                                          Consumer
             Pemilikan rumah (KPR)                 40.863.836               34.602.763              29.030.428                         Housing loan
             Non-kepemilikan rumah                    280.853                  166.474                 143.517                     Non-housing loan

                                                   41.144.689               34.769.237              29.173.945
           Modal kerja                              2.464.181                2.263.137               2.300.564                           Working capital
           Investasi                                   72.475                   78.036                 142.572                               Investment
           Direksi dan karyawan                                                                                                Directors and employees
              - Pihak yang berelasi                   211.482                    3.871                   7.058                     Related parties -

                                                   43.892.827               37.114.281              31.624.139

           Total                                 357.972.932               333.698.141             298.281.704                                     Total
           Dikurangi cadangan kerugian                                                                                                   Less allowance
              penurunan nilai                    (13.057.187)              (15.591.964)            (15.674.923)                for impairment losses

           Neto                                  344.915.745               318.106.177             282.606.781                                        Net


      b.    Sektor Ekonomi                                                                 b.   Economic Sector
                                             31 Desember/              31 Desember/            31 Desember/
                                           December 31, 2024         December 31, 2023       December 31, 2022

           Konvensional                                                                                                                      Conventional
           Perumahan                             263.792.957               251.091.492             233.309.666                                   Property
           Konstruksi                             13.957.153                12.078.073              13.089.795                               Construction
           Jasa usaha                             10.705.016                10.226.514               7.260.835                          Business service
           Listrik. gas dan air                    5.665.747                 5.106.305               3.368.130                 Electricity. gas and water
           Perdagangan. restoran. dan hotel        5.180.920                 4.117.417               1.410.821              Trading. restaurant and hotel
           Transportasi, pergudangan,                                                                                      Transportation, Warehousing,
              dan komunikasi                        5.030.174                4.830.547               4.414.947                   and communication
           Manufaktur                               2.350.749                1.604.572               1.058.915                              Manufacturing
           Pertambangan                             1.672.093                1.842.962               1.228.096                                     Mining
           Jasa-jasa sosial                           743.868                1.542.949               1.148.943                              Social service
           Pertanian                                  144.363                  177.819                  52.234                                   Farming
           Lain-lain*)                              4.837.065                3.965.210                 315.183                                     Other*)

                                                 314.080.105               296.583.860             266.657.565

           Syariah                                                                                                                                Sharia
           Perumahan                               40.866.066               34.604.291              29.035.910                                 Property
           Konstruksi                               1.886.725                1.597.691               1.466.466                              Construction
           Jasa usaha                               1.140.036                  912.299               1.121.763                          Business service

                                                   43.892.827               37.114.281              31.624.139

           Total                                 357.972.932               333.698.141             298.281.704                                     Total
           Dikurangi cadangan kerugian                                                                                                   Less allowance
              penurunan nilai                    (13.057.187)              (15.591.964)            (15.674.923)                for impairment losses

           Neto                                  344.915.745               318.106.177             282.606.781                                        Net

           *) Terdiri dari rumah tangga dan sektor ekonomi lainnya                                   *) Consists of household and other economic sectors




                                                                           125
Page 577
                                                                                  The original financial statements included herein are in the
                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


11.    KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                               11.     LOANS    AND      SHARIA                    FINANCING/
       PIUTANG SYARIAH (lanjutan)                                                  RECEIVABLES (continued)

      c.   Transaksi dengan pihak-pihak berelasi                                   c.     Transactions with related parties

                                           31 Desember/        31 Desember/              31 Desember/
                                         December 31, 2024   December 31, 2023         December 31, 2022

           Konvensional                                                                                                         Conventional
           Konsumsi                                                                                                                Consumer
             Pemilikan rumah (KPR)                  1.811                 4.176                   4.538                     Housing Loan
             Non-kepemilikan rumah                 70.076                85.559                  91.185                  Non-housing loan

                                                   71.887                89.735                  95.723

           Modal Kerja                         11.582.140           12.066.600                8.884.001                       Working capital
           Investasi                           10.083.466            9.340.394                6.728.046                          Investment
           Sindikasi                            6.198.506            6.188.754                3.731.972                          Syndicated

                                               27.935.999           27.685.483               19.439.742

           Syariah                                                                                                                     Sharia
           Konsumsi                                                                                                                Consumer
             Pemilikan rumah (KPR)                  2.229                 1.529                    5.483                    Housing Loan
             Non-kepemilikan rumah                  9.253                 2.342                    1.575                 Non-housing loan

                                                   11.482                 3.871                    7058

           Modal Kerja                            200.000                83.332                 249.999                       Working capital

                                                  211.482                87.203                 257.057

           Total                               28.147.481           27.772.686               19.696.799                                 Total




      d.   Jangka waktu (sesuai dengan perjanjian kredit                          d.     Loan period (based on agreements covering
           dan pembiayaan/piutang syariah)                                               loan and sharia financing/receivables)

                                           31 Desember/        31 Desember/              31 Desember/
                                         December 31, 2024   December 31, 2023         December 31, 2022

           Konvensional                                                                                                          Conventional
           ≤ 1 tahun                            1.834.798            2.889.936                2.871.853                               ≤ 1 year
           > 1 tahun ≤ 2 tahun                  4.539.869            4.026.448                1.945.142                     > 1 year ≤ 2 years
           > 2 tahun ≤ 5 tahun                 17.542.693           15.988.179               11.756.496                    > 2 years ≤ 5 years
           > 5 tahun                          290.162.745          273.679.297              250.084.074                              > 5 years

                                              314.080.105          296.583.860              266.657.565


           Syariah                                                                                                                      Sharia
           ≤ 1 tahun                              100.035              146.877                  114.641                               ≤ 1 year
           > 1 tahun ≤ 2 tahun                    681.543              631.048                  413.397                     > 1 year ≤ 2 years
           > 2 tahun ≤ 5 tahun                  1.963.533            1.486.054                1.624.779                    > 2 years ≤ 5 years
           > 5 tahun                           41.147.716           34.850.302               29.471.322                              > 5 years

                                               43.892.827           37.114.281               31.624.139


           Total                              357.972.932          333.698.141              298.281.704                                  Total
           Dikurangi cadangan kerugian                                                                                         Less allowance
              penurunan nilai                 (13.057.187)         (15.591.964)              (15.674.923)            for impairment losses

           Neto                               344.915.745          318.106.177              282.606.781                                   Net




                                                                   126
Page 578
                                                                                    The original financial statements included herein are in the
                                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                     unless otherwise stated)


11.    KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                11.      LOANS    AND      SHARIA                    FINANCING/
       PIUTANG SYARIAH (lanjutan)                                                    RECEIVABLES (continued)

      e.   Sisa Umur Jatuh Tempo                                                     e.     Remaining Period to Maturity
                                            31 Desember/        31 Desember/               31 Desember/
                                          December 31, 2024   December 31, 2023          December 31, 2022

            Konvensional                                                                                                           Conventional
            ≤ 1 tahun                           16.129.318           14.044.527                15.001.990                               ≤ 1 year
            > 1 tahun ≤ 2 tahun                  6.200.166            8.528.139                 6.996.578                     > 1 year ≤ 2 years
            > 2 tahun ≤ 5 tahun                 29.855.225           29.474.735                25.171.528                    > 2 years ≤ 5 years
            > 5 tahun                          261.895.396          244.536.459               219.487.469                              > 5 years

                                               314.080.105          296.583.860               266.657.565


            Syariah                                                                                                                       Sharia
            ≤ 1 tahun                            1.488.421              861.160                 1.033.295                               ≤ 1 year
            > 1 tahun ≤ 2 tahun                  1.183.565              858.624                   979.616                     > 1 year ≤ 2 years
            > 2 tahun ≤ 5 tahun                  2.751.754            2.325.080                 1.831.707                    > 2 years ≤ 5 years
            > 5 tahun                           38.469.087           33.069.417                27.779.521                              > 5 years

                                                43.892.827           37.114.281                31.624.139


            Total                              357.972.932          333.698.141               298.281.704                                  Total
            Dikurangi cadangan kerugian                                                                                          Less allowance
               penurunan nilai                 (13.057.187)         (15.591.964)              (15.674.923)             for impairment losses

            Neto                               344.915.745          318.106.177               282.606.781                                   Net



      f.   Informasi pokok lainnya                                                  f.     Other significant information

           i. Termasuk di dalam kredit yang diberikan                                       i. Loans     include     sharia      financing/
              adalah pembiayaan/piutang syariah yang                                           receivables with details, as follows:
              diberikan dengan rincian sebagai berikut:

                                            31 Desember/        31 Desember/               31 Desember/
                                          December 31, 2024   December 31, 2023          December 31, 2022

            Piutang Murabahah                   32.568.565           28.605.876                23.810.202                Murabahah receivables
            Pembiayaan Musyarakah                6.014.023            4.527.313                 4.563.573                 Musyarakah financing
            Piutang Istishna                     5.263.020            3.861.013                 2.955.715                   Istishna receivables
            Pembiayaan Mudharabah                   16.790              102.689                   284.162                 Mudharabah financing
            Pinjaman Qardh                          20.904               15.940                    10.487                        Funds of Qardh
            Aset yang Diperoleh                                                                                                  Assets Acquired
               Untuk Ijarah – Bersih                 9.525                1.450                          -                    for Ijarah - Net

            Total                               43.892.827           37.114.281                31.624.139                                  Total
            Dikurangi cadangan kerugian                                                                                       Less allowance for
               penurunan nilai                  (1.329.253)           (1.400.428)               (1.570.009)                impairment losses

            Neto                                42.563.574           35.713.853                30.054.130                                   Net




                                                                    127
Page 579
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                          11.    LOANS     AND      SHARIA                    FINANCING
    PIUTANG SYARIAH (lanjutan)                                            /RECEIVABLES (continued)

   f.   Informasi pokok lainnya (lanjutan)                               f.    Other significant information (continued)

        ii.    Tingkat suku bunga rata-rata per tahun                          ii.    Average annual interest rates for
               untuk kredit konsumer sebesar 7,68%,                                   consumer loans are 7.68%, 9.66% and
               9,66% dan 10,41% masing-masing untuk                                   10.41% for the years ended December 31,
               tahun yang berakhir pada tanggal 31                                    2024, 2023 and 2022, respectively.
               Desember 2024, 2023 dan 2022. Tingkat                                  Average annual interest rates for
               suku bunga rata-rata per tahun untuk kredit                            commercial loans are 6.30%, 6.26% and
               komersial masing-masing sebesar 6,30%,                                 6.54% for the years ended December 31,
               6,26% dan 6,54% masing-masing untuk                                    2024, 2023 and 2022, respectively.
               tahun yang berakhir pada tanggal 31
               Desember 2024, 2023 dan 2022.

        iii.   Kredit yang diberikan dijamin dengan hak                        iii.   The loans are collateralized by registered
               tanggungan atau surat kuasa memasang                                   mortgages or by powers of attorney to
               hak tanggungan atau surat kuasa untuk                                  mortgage or sell, demand deposits,
               menjual,    giro,   tabungan,    deposito                              savings deposits, time deposits, or by other
               berjangka atau jaminan lain yang                                       collaterals generally acceptable by the
               umumnya diterima oleh Bank (Catatan 18,                                Bank (Notes 18, 19 and 20).
               19 dan 20).
        iv. Bank telah menjual dan mengalihkan                                 iv. The Bank has sold and transferred its
            Kredit Pemilikan Rumah (KPR) yang                                      housing loans (KPR) to PT Sarana
            dimilikinya kepada penerbit PT Sarana                                  Multigriya Finansial (Persero) based on
            Multigriya Finansial (Persero) yang                                    sale-purchase deed No. 48 dated
            tertuang dalam Akta Jual Beli No. 48                                   October 26, 2022 and Deed of Cessie
            tanggal 26 Oktober 2022 dan Akta Cessie                                No. 36 dated December 23, 2022.
            No. 36 tanggal 23 Desember 2022.

               Nilai KPR yang dijual tersebut adalah                                  The principal amount of KPR sold
               sebesar Rp373.064 yang terdiri dari 5.475                              amounted to Rp373,064 which consists of
               debitur dengan harga jual sebesar nilai                                5,475 debtors with selling price at the
               pokok KPR pada tanggal cut-off final                                   principal amount of KPR as of final cut off
               (2 Oktober 2022). Penjualan ini memenuhi                               date (October 2, 2022). This sale qualified
               kriteria penjualan putus karena risiko dan                             for derecognition as the risks and rewards
               manfaat atas kepemilikan KPR secara                                    of ownership over the KPR have been
               signifikan telah dialihkan kepada pembeli.                             substantially transferred to the buyer.

        v.     Bank telah menjual dan mengalihkan                              v.     The Bank has sold and transferred its
               Kredit Pemilikan Rumah (KPR) yang                                      housing loans (KPR) to PT Sarana
               dimilikinya kepada penerbit PT Sarana                                  Multigriya Finansial (Persero) based on
               Multigriya Finansial (Persero) yang                                    sale-purchase deed No. 33 dated
               tertuang dalam Akta Jual Beli No. 33                                   July 28, 2023 and Deed of Cessie
               tanggal 28 Juli 2023 dan Akta Cessie No.                               No. 28 dated September 26, 2023.
               28 tanggal 26 September 2023.

               Nilai KPR yang dijual tersebut adalah                                  The principal amount of KPR sold
               sebesar Rp599.359 yang terdiri dari 4.330                              amounted to Rp599,359 which consists of
               debitur dengan harga jual sebesar nilai                                4,330 debtors with selling price at the
               pokok KPR pada tanggal cut-off final                                   principal amount of KPR as of final cut off
               (4 Juli 2023). Penjualan ini memenuhi                                  date (July 4, 2023). This sale qualified for
               kriteria penjualan putus karena risiko dan                             derecognition as the risks and rewards of
               manfaat atas kepemilikan KPR secara                                    ownership over the KPR have been
               signifikan telah dialihkan kepada pembeli.                             substantially transferred to the buyer.




                                                             128
Page 580
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                        11.    LOANS    AND      SHARIA                    FINANCING/
    PIUTANG SYARIAH (lanjutan)                                          RECEIVABLES (continued)

   f.   Informasi pokok lainnya (lanjutan)                             f.    Other significant information (continued)

        vi. Pada tanggal 30 Desember 2024, Bank                              vi. On December 30, 2024, the Bank sold
            menjual kredit yang diberikan tertentu                               certain loans to PT AMC Dharma Jaya
            kepada PT AMC Dharma Jaya (“AMC”)                                    ("AMC") in the amount of Rp1,309,117,
            sejumlah Rp1.309.117 dimana nilai                                    where the gross carrying value of the
            tercatat bruto atas pokok adalah                                     principal was Rp1,308,723 and the interest
            Rp1.308.723 dan tagihan bunga adalah                                 receivable was Rp394. The bank had
            Rp394.      Bank      sebelumnya       telah                         previously established a full allowance for
            membentuk cadangan kerugian penurunan                                impairment losses so that the carrying
            nilai secara penuh sehingga nilai                                    value was Rpnil. The sale of the credit
            tercatatnya adalah Rpnihil. Penjualan                                granted was carried out through a sale and
            kredit yang diberikan ini dilakukan melalui                          purchase deed and cessie dated
            akta jual beli dan cessie tertanggal 30                              December 30, 2024 and from that date the
            Desember 2024 dan sejak tanggal tersebut                             Bank stopped recognizing the credit. In
            Bank menghentikan pengakuan kredit                                   accordance with the provisions of the sale
            tersebut. Sesuai dengan ketentuan dalam                              and purchase deed and cessie, the Bank
            akta jual beli dan cessie tersebut, Bank                             has transferred all rights to cash flows and
            telah mengalihkan seluruh hak atas arus                              also transferred all risks and benefits of the
            kas dan juga mengalihkan seluruh risiko                              credit granted for sale. Therefore, the Bank
            dan manfaat atas kredit yang diberikan                               derecognized this credit and recognized
            yang dijual tersebut. Oleh karena itu, Bank                          the recovery of all previously established
            menghentikan pengakuan atas kredit yang                              allowances for impairment losses.
            diberikan ini dan mengakui pemulihan
            seluruh cadangan kerugian penurunan nilai
            yang dibentuk sebelumnya.

            Pada tanggal yang sama, Bank membeli                                  On the same date, the Bank purchased
            surat berharga syariah yaitu Sukuk                                    sharia securities, namely Sukuk Wakalah
            Wakalah BI Al-Istitsmar (“Sukuk”) yang                                BI Al-Istitsmar ("Sukuk") issued by PT
            diterbitkan oleh PT Aviasi Pariwisata                                 Aviasi Pariwisata Indonesia (Persero) from
            Indonesia (Persero) dari Subsidiary of                                the Subsidiary of Enterprise ("SOE")
            Enterprise (“SOE”) Dharmawangsa Fund                                  Dharmawangsa Fund with a value of
            dengan nilai sebesar Rp3.224.017 Sukuk                                Rp3,224,017. This sukuk has been
            ini telah dicatat pada nilai wajarnya                                 recorded at its fair value of Rp2,049,646 at
            sebesar Rp2.049.646 pada tanggal                                      the date of purchase (see Note 8
            pembelian (lihat Catatan 8 (Efek-Efek).                               (Securities). SOE Dharmawangsa Fund is
            SOE Dharmawangsa Fund merupakan sub                                   a sub fund of Namco Indonesia Raya VCC
            fund dari Namco Indonesia Raya VCC                                    which is managed by Mandiri Investment
            yang dikelola oleh Mandiri Investment                                 Management Pte. Ltd. as investment
            Management Pte. Ltd. selaku manajer                                   manager. The majority shareholder of
            investasi. Pemegang mayoritas saham                                   AMC is Bidara Pte. Ltd. with ownership of
            AMC adalah Bidara Pte. Ltd. dengan                                    99.9%, where the sole shareholder is
            kepemilikan sebesar 99,9%, dimana                                     Raflesia Jaya Pte. Ltd. Is Henry Shaw as
            pemegang saham tunggal Bidara Pte. Ltd.                               one of the Director Namco Indonesia Raya
            adalah Henry Shaw merupakan Direktur                                  VCC. SOE Dharmawangsa and AMC are
            Namco Indonesia Raya VCC. SOE                                         affiliated companies. The Bank does not
            Dharmawangsa dan AMC merupakan                                        have share ownership or involvement in
            perusahaan terafiliasi. Bank tidak memiliki                           activities in these two entities.
            kepemilikan saham ataupun keterlibatan
            dalam aktivitas di dalam kedua entitas ini.




                                                           129
Page 581
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                       11.    LOANS    AND      SHARIA                    FINANCING/
    PIUTANG SYARIAH (lanjutan)                                         RECEIVABLES (continued)

   f.   Informasi pokok lainnya (lanjutan)                            f.    Other significant information (continued)

            Pada tanggal 29 Desember 2023, Bank                                  On December 29, 2023, the Bank sold
            menjual kredit yang diberikan tertentu                               certain loans to PT AMC Padma Jaya
            kepada PT AMC Padma Jaya (“AMC”)                                     ("AMC") in the amount of Rp872,378,
            sejumlah Rp872.378 dimana nilai tercatat                             where the gross carrying value of the
            bruto atas pokok adalah Rp860.503 dan                                principal was Rp860,503 and the interest
            tagihan bunga adalah Rp11.875. Bank                                  receivable was Rp11,875. The bank had
            sebelumnya telah membentuk cadangan                                  previously established a full allowance for
            kerugian penurunan nilai secara penuh                                impairment losses so that the carrying
            sehingga nilai tercatatnya adalah Rpnihil.                           value was Rpnil. The sale of the credit
            Penjualan kredit yang diberikan ini                                  granted was carried out through a sale and
            dilakukan melalui akta jual beli dan cessie                          purchase deed and cessie dated
            tertanggal 29 Desember 2023 dan sejak                                December 29, 2023 and from that date the
            tanggal tersebut Bank menghentikan                                   Bank stopped recognizing the credit. In
            pengakuan kredit tersebut. Sesuai dengan                             accordance with the provisions of the sale
            ketentuan dalam akta jual beli dan cessie                            and purchase deed and cessie, the Bank
            tersebut, Bank telah mengalihkan seluruh                             has transferred all rights to cash flows and
            hak atas arus kas dan juga mengalihkan                               also transferred all risks and benefits of the
            seluruh risiko dan manfaat atas kredit yang                          credit granted for sale. Therefore, the Bank
            diberikan yang dijual tersebut. Oleh karena                          derecognized this credit and recognized
            itu, Bank menghentikan pengakuan atas                                the recovery of all previously established
            kredit yang diberikan ini dan mengakui                               allowances for impairment losses.
            pemulihan seluruh cadangan kerugian
            penurunan       nilai     yang     dibentuk
            sebelumnya.

            Pada tanggal yang sama, Bank membeli                                 On the same date, the Bank purchased
            surat berharga syariah yaitu Sukuk                                   sharia securities, namely Sukuk Wakalah
            Wakalah BI Al-Istitsmar (“Sukuk”) yang                               BI Al-Istitsmar ("Sukuk") issued by
            diterbitkan oleh PT Angkasa Pura I                                   PT Angkasa Pura I (Persero) from the
            (Persero) dari Subsidiary of Enterprise                              Subsidiary      of     Enterprise   ("SOE")
            (“SOE”) Wijayakusuma Fund dengan nilai                               Wijayakusuma Fund with a value of
            sebesar Rp2.268.378. Sukuk ini telah                                 Rp2,268,378. This sukuk has been
            dicatat pada nilai wajarnya sebesar Rp                               recorded at its fair value of Rp1,465,100 at
            1.465.100 pada tanggal pembelian (lihat                              the date of purchase (see Note 8
            Catatan       8     (Efek-Efek)).      SOE                           (Securities)). SOE Wijayakusuma Fund is
            Wijayakusuma Fund merupakan sub fund                                 a sub fund of Namco Indonesia Raya VCC
            dari Namco Indonesia Raya VCC yang                                   which is managed by Mandiri Investment
            dikelola     oleh   Mandiri      Investment                          Management Pte. Ltd. as investment
            Management Pte. Ltd. selaku manajer                                  manager. The majority shareholder of
            investasi. Pemegang mayoritas saham                                  AMC is Raflesia Jaya Pte. Ltd. with
            AMC adalah Raflesia Jaya Pte. Ltd.                                   ownership of 99.9%, where the sole
            dengan kepemilikan sebesar 99,9%,                                    shareholder is Raflesia Jaya Pte. Ltd. is
            dimana pemegang saham tunggal Raflesia                               Namco Indonesia Raya VCC. SOE
            Jaya Pte. Ltd. adalah Namco Indonesia                                Wijayakusuma and AMC are affiliated
            Raya VCC. SOE Wijayakusuma dan AMC                                   companies. The Bank does not have share
            merupakan perusahaan terafiliasi. Bank                               ownership or involvement in activities in
            tidak memiliki kepemilikan saham ataupun                             these two entities.
            keterlibatan dalam aktivitas di dalam kedua
            entitas ini.




                                                          130
Page 582
                                                                        The original financial statements included herein are in the
                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                         11.    LOANS    AND      SHARIA                    FINANCING/
    PIUTANG SYARIAH (lanjutan)                                           RECEIVABLES (continued)

   f.   Informasi pokok lainnya (lanjutan)                              f.    Other significant information (continued)

            Mempertimbangkan transaksi pembelian                                   Considering that the sukuk purchase and
            sukuk dan penjualan kredit yang diberikan                              credit sales transactions provided above
            di atas dilakukan pada waktu yang sama                                 were carried out at the same time and with
            dan dengan pihak-pihak lawan yang                                      affiliated counterparties, the Bank views
            terafiliasi, Bank melihat transaksi-transaksi                          these      transactions   as    interrelated
            ini sebagai transaksi yang saling berkaitan                            transactions so that the financial impact of
            sehingga dampak keuangan dari kedua                                    both transactions is recognized in the
            transaksi diakui dalam akun beban                                      provision for impairment lossess on
            penyisihan kerugian penurunan nilai aset                               financial and non-financial aasets in the
            keuangan dan aset non keuangan pada                                    profit and loss statement Bank on the
            laporan laba rugi Bank pada tanggal                                    transaction date.
            transaksi.

        vii. Kredit yang diberikan kepada direksi dan                         vii. The loans given to the Bank’s directors and
             karyawan Bank merupakan kredit untuk                                  employees consist of loans intended for
             membeli kendaraan dan keperluan pribadi                               purchase of vehicles and other personal
             lainnya yang dibebani bunga dengan suku                               necessities. These loans earn an average
             bunga rata-rata pada tahun yang berakhir                              interest of 5.76%, 6.01% and 6.18%, for
             pada tanggal 31 Desember 2024, 2023 dan                               the year ended December 31, 2024, 2023
             2022 sebesar 5,76%, 6,01% dan 6,18%,                                  and 2022, with term ranging from 1 to 15
             dengan jangka waktu berkisar antara                                   years. This loan will be repaid through
             1 sampai dengan 15 tahun. Kredit ini akan                             employee deduction salary. Difference
             dibayar kembali melalui pemotongan gaji                               between employee loan’s interest rates
             setiap bulan. Perbedaan antara tingkat                                and Base Lending Rate (BLR) is deferred
             bunga pinjaman karyawan dan Base                                      and recorded as deferred expense for
             Lending Rate (BLR) ditangguhkan dan                                   employee loans as part of other assets.
             dicatat sebagai beban yang ditangguhkan                               Deferred expense for employee loans
             untuk pinjaman karyawan, bagian dari aset                             amounted to Rp341,757, Rp400,702 and
             lain-lain. Besarnya akun beban yang                                   Rp459,549 as of December 31, 2024, 2023
             ditangguhkan untuk pinjaman karyawan                                  and 2022, respectively (Note 16).
             sebesar Rp341.757, Rp400.702 dan
             Rp459.549 pada tanggal 31 Desember
             2024, 2023 dan 2022 (Catatan 16).
        viii. Kredit yang diberikan dan pembiayaan/                           viii. As of December 31, 2024, 2023 and 2022,
              piutang syariah kepada pihak-pihak                                    the outstanding balances of loans and
              berelasi pada tanggal 31 Desember 2024,                               sharia financing/receivables from related
              2023 dan 2022 masing-masing sebesar                                   parties amounted to Rp28,147,481,
              Rp28.147.481,      Rp27.772.686       dan                             Rp27,772,686        and      Rp19,696,799,
              Rp19.696.799 (Catatan 44). Persentase                                 respectively (Note 44). As of December 31,
              kredit yang diberikan dan pembiayaan/                                 2024, 2023 and 2022, the percentage of
              piutang syariah dari pihak-pihak berelasi                             loans and sharia financing/receivables
              terhadap jumlah kredit yang diberikan dan                             from      related     parties     represent
              pembiayaan/piutang     syariah    masing-                             approximately 7.86%, 8.32% and 6.60%,
              masing pada tanggal 31 Desember 2024,                                 respectively, of the total loans and sharia
              2023 dan 2022 adalah sebesar 7,86%,                                   financing/receivables.
              8,32% dan 6,60%.




                                                            131
Page 583
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                           11.        LOANS    AND      SHARIA                             FINANCING/
    PIUTANG SYARIAH (lanjutan)                                                                 RECEIVABLES (continued)
    f. Informasi pokok lainnya (lanjutan)                                                   f.    Other significant information (continued)
       ix. Perubahan nilai tercatat dan cadangan                                                 ix. The movements in the gross carrying
           kerugian penurunan nilai kredit yang                                                      amount and allowance for impairment
           diberikan dan pembiayaan/piutang syariah                                                  losses     on     loans     and       sharia
           adalah sebagai berikut:                                                                   financing/receivables are as follows:

                                           31 Desember/            31 Desember/                  31 Desember/
                                         December 31, 2024       December 31, 2023             December 31, 2022

           Saldo awal tahun               15.591.964                         15.674.923                14.435.760                    Balance at beginning of year
             Penyisihan kerugian
                penurunan nilai
                selama tahun berjalan*                                                                                             Provision for impairment losses
                (Catatan 34)                  847.517                         2.907.844                 4.039.507                        during the year (Note 34)
             Penerimaan kembali kredit
                yang telah dihapusbukukan      82.469                            77.065                    71.716                    Recovery of loans written-off
             Penghapusbukuan kredit       (3.464.763)                        (3.067.868)               (2.872.060)                              Loans written-off

           Saldo akhir tahun                    13.057.187                   15.591.964                15.674.923                     Balance at the end of year



      *) Termasuk dampak nilai wajar sukuk sebesar Rp1.174.371juta dan                           *) Included impact of fair value sukuk amounted Rp1,174,371million and
      Rp803.278juta pada tahun 2024 dan 2023.                                                    Rp803,278million in 2024 and 2023.


            Perubahan nilai tercatat bruto adalah                                                Movements in the gross carrying amount are as
            sebagai berikut:                                                                     follows:
                                                                 31 Desember/December 31, 2024

                                             Stage 1           Stage 2          Stage 3          Syariah*)           Total

          Kredit yang diberikan dan                                                                                                               Loans and sharia
            pembiayaan/piutang syariah                                                                                                      financing/receivables
          Saldo Awal                         243.236.678        33.119.298       20.227.884       37.114.281        333.698.141                   Beginning Balance
          Pengalihan ke:                                                                                                                                 Transfer to:
            Stage 1                            6.030.081       (5.807.436)        (222.645)                  -                 -                           Stage 1
            Stage 2                         (11.650.757)       12.138.970         (488.213)                  -                 -                           Stage 2
            Stage 3                          (2.966.383)       (1.941.500)        4.907.883                  -                 -                           Stage 3

          Total saldo awal setelah                                                                                                             Total opening balance
            pengalihan                       234.649.619        37.509.332       24.424.909       37.114.281        333.698.141                       after transfer


          Pengukuran kembali bersih                                                                                                             Net remeasurement of
            nilai tercatat                  (14.914.833)         (737.501)        (866.271)       (2.214.778)      (18.733.383)                     carrying amount
          Aset keuangan baru yang                                                                                                                 New financial assets
            diterbitkan atau dibeli           52.640.932          197.834           691.175       10.583.276         64.113.217             originated or purchased
          Aset keuangan yang                                                                                                                   Derecognized financial
            dihentikan pengakuannya         (13.080.174)       (1.053.826)       (2.197.638)      (1.308.642)      (17.640.280)                              assets
          Aset keuangan yang                                                                                                                       Written-off financial
            dihapusbuku                         (96.961)         (438.461)       (2.648.031)        (281.310)        (3.464.763)                             assets

          Total penambahan/(penurunan)                                                                                                        Total addition/(reversal)
            tahun berjalan                    24.548.964       (2.031.954)       (5.020.765)       6.778.546         24.274.791                      during the year

          Saldo akhir tahun                  259.198.583        35.477.378       19.404.144       43.892.827        357.972.932          Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                     *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                         132
Page 584
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                         11.        LOANS    AND      SHARIA                            FINANCING/
    PIUTANG SYARIAH (lanjutan)                                                               RECEIVABLES (continued)

    f. Informasi pokok lainnya (lanjutan)                                                 f.    Other significant information (continued)

       ix. Perubahan nilai tercatat dan cadangan                                               ix. The movements in the gross carrying
           kerugian penurunan nilai kredit yang                                                    amount and allowance for impairment
           diberikan dan pembiayaan/piutang syariah                                                losses     on     loans  and   sharia
           adalah sebagai berikut: (lanjutan)                                                      financing/receivables are as follows:
                                                                                                   (continued)

          Perubahan nilai tercatat bruto adalah sebagai                                        Movements in the gross carrying amount are as
          berikut: (lanjutan)                                                                  follows: (continued)

                                                                 31 Desember/December 31, 2023

                                             Stage 1           Stage 2         Stage 3         Syariah*)           Total

          Kredit yang diberikan dan                                                                                                            Loans and sharia
            pembiayaan/piutang syariah                                                                                                   financing/receivables
          Saldo Awal                         220.360.764        28.662.115     17.634.686       31.624.139       298.281.704                   Beginning Balance
          Pengalihan ke:                                                                                                                              Transfer to:
            Stage 1                            6.365.574       (6.168.358)      (197.216)                  -                 -                          Stage 1
            Stage 2                         (13.235.646)       13.321.409         (85.763)                 -                 -                          Stage 2
            Stage 3                          (4.641.382)       (1.297.379)      5.938.761                  -                 -                          Stage 3

          Total saldo awal setelah                                                                                                          Total opening balance
            pengalihan                       208.849.310        34.517.787     23.290.468       31.624.139       298.281.704                       after transfer


          Pengukuran kembali bersih                                                                                                          Net remeasurement of
            nilai tercatat                  (10.575.269)         (527.760)       (491.309)      (2.944.142)      (14.538.480)                    carrying amount
          Aset keuangan baru yang                                                                                                              New financial assets
            diterbitkan atau dibeli           61.107.511          104.446       1.528.461        9.244.792         71.985.210            originated or purchased
          Aset keuangan yang                                                                                                                Derecognized financial
            dihentikan pengakuannya         (16.016.044)         (702.994)     (1.800.346)        (443.041)      (18.962.425)                             assets
          Aset keuangan yang                                                                                                                    Written-off financial
            dihapusbuku                        (128.830)         (272.181)     (2.299.390)        (367.467)       (3.067.868)                             assets

          Total penambahan/(penurunan)                                                                                                     Total addition/(reversal)
            tahun berjalan                    34.387.368       (1.398.489)     (3.062.584)       5.490.142         35.416.437                     during the year

          Saldo akhir tahun                  243.236.678        33.119.298     20.227.884       37.114.281       333.698.141          Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                   *) Not applying SFAS No. 109, ”Financial Instruments”



                                                           31 Desember/December 31, 2022

                                             Stage 1           Stage 2         Stage 3         Syariah*)           Total

          Kredit yang diberikan dan                                                                                                            Loans and sharia
            pembiayaan/piutang syariah                                                                                                   financing/receivables
          Saldo Awal                         200.610.568        29.282.802     17.392.063       27.549.858       274.835.291                   Beginning Balance
          Pengalihan ke:                                                                                                                              Transfer to:
            Stage 1                           10.127.196       (9.252.362)      (874.834)                  -                 -                          Stage 1
            Stage 2                         (10.109.606)       10.556.294       (446.688)                  -                 -                          Stage 2
            Stage 3                          (4.362.863)         (678.482)      5.041.345                  -                 -                          Stage 3

          Total saldo awal setelah                                                                                                          Total opening balance
            pengalihan                       196.265.295        29.908.252     21.111.886       27.549.858       274.835.291                       after transfer


          Pengukuran kembali bersih                                                                                                          Net remeasurement of
            nilai tercatat                   (9.599.191)         (513.843)       (387.887)      (1.924.831)      (12.425.752)                    carrying amount
          Aset keuangan baru yang                                                                                                              New financial assets
            diterbitkan atau dibeli           46.634.491           72.127          31.440        7.261.078         53.999.136            originated or purchased
          Aset keuangan yang                                                                                                                Derecognized financial
            dihentikan pengakuannya         (12.910.849)         (702.799)       (753.529)        (887.734)      (15.254.911)                             assets
          Aset keuangan yang                                                                                                                    Written-off financial
            dihapusbuku                         (28.982)         (101.622)     (2.367.224)        (374.232)       (2.872.060)                             assets

          Total penambahan/(penurunan)                                                                                                     Total addition/(reversal)
            tahun berjalan                    24.095.469       (1.246.137)     (3.477.200)       4.074.281         23.446.413                     during the year

          Saldo akhir tahun                  220.360.764        28.662.115     17.634.686       31.624.139       298.281.704          Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                   *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                         133
Page 585
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                           11.        LOANS    AND      SHARIA                            FINANCING/
    PIUTANG SYARIAH (lanjutan)                                                                 RECEIVABLES (continued)

   f.    Informasi pokok lainnya (lanjutan)                                                 f.    Other significant information (continued)

         ix. Perubahan nilai tercatat dan cadangan                                               ix. The movements in the gross carrying
             kerugian penurunan nilai kredit yang                                                    amount and allowance for impairment
             diberikan dan pembiayaan/piutang syariah                                                losses     on     loans  and   sharia
             adalah sebagai berikut: (lanjutan)                                                      financing/receivables are as follows:
                                                                                                     (continued)

              Perubahan cadangan kerugian penurunan                                                The movements in the allowance                                   for
              nilai adalah sebagai berikut:                                                        impairment losses are as follows:
                                                             31 Desember/December 31, 2024

                                               Stage 1           Stage 2         Stage 3         Syariah*)           Total

            Kredit yang diberikan dan                                                                                                            Loans and sharia
              pembiayaan/piutang syariah                                                                                                   financing/receivables
            Saldo Awal                           1.494.287         3.407.511      9.289.738        1.400.428         15.591.964                  Beginning Balance

            Pengalihan ke:                                                                                                                                Transfer to:
              Stage 1                              477.104         (389.026)        (88.078)                 -                 -                            Stage 1
              Stage 2                            (137.427)           367.641       (230.214)                 -                 -                            Stage 2
              Stage 3                             (78.508)         (298.225)         376.733                 -                 -                            Stage 3

            Total saldo awal setelah                                                                                                          Total opening balance
              pengalihan                         1.755.456        3.087.901       9.348.179        1.400.428         15.591.964                      after transfer

            Pengukuran kembali bersih                                                                                                          Net remeasurement of
              penurunan nilai                    (184.904)         1.085.761      1.084.554         (144.156)         1.841.255                  impairment losses
            Aset keuangan baru yang                                                                                                              New financial assets
              diterbitkan atau dibeli              384.334           34.242         169.542          421.410          1.009.528            originated or purchased
            Aset keuangan yang                                                                                                                Derecognized financial
              dihentikan pengakuannya            (152.127)         (204.909)     (1.496.642)         (67.119)       (1.920.797)                                 assets
            Aset keuangan yang                                                                                                                    Written-off financial
              dihapusbuku                         (96.961)         (438.461)     (2.648.031)        (281.310)       (3.464.763)                               assets

            Total penambahan/(penurunan)                                                                                                     Total addition/(reversal)
              tahun berjalan                      (49.658)          476.633      (2.890.577)         (71.175)       (2.534.777)                     during the year

            Saldo akhir tahun                    1.705.798         3.564.534      6.457.602        1.329.253         13.057.187         Balance at the end of year


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                   *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                           134
Page 586
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                                           11.        LOANS    AND      SHARIA                            FINANCING/
    PIUTANG SYARIAH (lanjutan)                                                                 RECEIVABLES (continued)
   f.    Informasi pokok lainnya (lanjutan)                                                 f.    Other significant information (continued)
         ix. Perubahan nilai tercatat dan cadangan                                               ix. The movements in the gross carrying
             kerugian penurunan nilai kredit yang                                                    amount and allowance for impairment
             diberikan dan pembiayaan/piutang syariah                                                losses     on     loans  and   sharia
             adalah sebagai berikut: (lanjutan)                                                      financing/receivables are as follows:
                                                                                                     (continued)

              Perubahan cadangan kerugian penurunan                                                The movements in the allowance for
              nilai adalah sebagai berikut: (lanjutan)                                             impairment losses are as follows: (continued)
                                                             31 Desember/December 31, 2023

                                               Stage 1           Stage 2         Stage 3         Syariah*)           Total

            Kredit yang diberikan dan                                                                                                            Loans and sharia
              pembiayaan/piutang syariah                                                                                                   financing/receivables
            Saldo Awal                           1.694.821         3.525.156      8.884.937        1.570.009         15.674.923                  Beginning Balance

            Pengalihan ke:                                                                                                                                Transfer to:
              Stage 1                              624.497         (525.510)        (98.987)                 -                 -                            Stage 1
              Stage 2                            (252.951)           300.934        (47.983)                 -                 -                            Stage 2
              Stage 3                            (144.285)         (178.906)        323.191                  -                 -                            Stage 3

            Total saldo awal setelah                                                                                                          Total opening balance
              pengalihan                         1.922.082        3.121.674       9.061.158        1.570.009         15.674.923                      after transfer

            Pengukuran kembali bersih                                                                                                          Net remeasurement of
              penurunan nilai                    (432.700)          655.257       3.386.320          197.060          3.805.937                  impairment losses
            Aset keuangan baru yang                                                                                                              New financial assets
              diterbitkan atau dibeli              336.406            9.214         206.860           25.218            577.698            originated or purchased
            Aset keuangan yang                                                                                                                Derecognized financial
              dihentikan pengakuannya            (202.671)         (106.453)     (1.065.210)         (24.392)       (1.398.726)                                 assets
            Aset keuangan yang                                                                                                                    Written-off financial
              dihapusbuku                        (128.830)         (272.181)     (2.299.390)        (367.467)       (3.067.868)                               assets

            Total penambahan/(penurunan)                                                                                                     Total addition/(reversal)
              tahun berjalan                     (427.795)          285.837         228.580         (169.581)          (82.959)                     during the year

            Saldo akhir tahun                    1.494.287         3.407.511      9.289.738        1.400.428         15.591.964         Balance at the end of year


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                   *) Not applying SFAS No. 109, ”Financial Instruments”

                                                             31 Desember/December 31, 2022

                                               Stage 1           Stage 2         Stage 3         Syariah*)           Total

            Kredit yang diberikan dan                                                                                                            Loans and sharia
              pembiayaan/piutang syariah                                                                                                   financing/receivables
            Saldo Awal                           1.209.325         2.309.833      9.646.739        1.269.863         14.435.760                  Beginning Balance

            Pengalihan ke:                                                                                                                                Transfer to:
              Stage 1                             663.412          (499.909)       (163.503)                 -                 -                            Stage 1
              Stage 2                             (53.917)           160.278       (106.361)                 -                 -                            Stage 2
              Stage 3                             (28.068)         (175.118)         203.186                 -                 -                            Stage 3

            Total saldo awal setelah                                                                                                          Total opening balance
              pengalihan                         1.790.752        1.795.084       9.580.061        1.269.863         14.435.760                      after transfer

            Pengukuran kembali bersih                                                                                                          Net remeasurement of
              penurunan nilai                    (226.641)         1.887.803      2.066.364          477.724          4.205.250                  impairment losses
            Aset keuangan baru yang                                                                                                              New financial assets
              diterbitkan atau dibeli              300.732            4.698          15.139          238.053            558.622            originated or purchased
            Aset keuangan yang                                                                                                                Derecognized financial
              dihentikan pengakuannya            (141.040)          (60.807)       (409.403)         (41.399)         (652.649)                                 assets
            Aset keuangan yang                                                                                                                    Written-off financial
              dihapusbuku                         (28.982)         (101.622)     (2.367.224)        (374.232)       (2.872.060)                                 assets

            Total penambahan/(penurunan)                                                                                                     Total addition/(reversal)
              tahun berjalan                      (95.931)         1.730.072       (695.124)         300.146          1.239.163                     during the year

            Saldo akhir tahun                    1.694.821         3.525.156      8.884.937        1.570.009         15.674.923         Balance at the end of year



        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                   *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                           135
Page 587
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/                           11.    LOANS    AND      SHARIA                    FINANCING/
    PIUTANG SYARIAH (lanjutan)                                             RECEIVABLES (continued)
   f.    Informasi pokok lainnya (lanjutan)                                f.   Other significant information (continued)
         ix. Perubahan nilai tercatat dan cadangan                              ix. The movements in the gross carrying
             kerugian penurunan nilai kredit yang                                   amount and allowance for impairment
             diberikan dan pembiayaan/piutang syariah                               losses     on     loans  and   sharia
             adalah sebagai berikut: (lanjutan)                                     financing/receivables are as follows:
                                                                                    (continued)
               Termasuk di dalam saldo cadangan                                      As of December 31, 2024, 2023 and 2022,
               kerugian adalah cadangan kerugian                                     the balance of allowance for impairment
               pembiayaan/piutang   syariah   sebesar                                losses includes allowance for impairment
               Rp1.329.253,      Rp1.400.428      dan                                losses on sharia financing/receivables
               Rp1.570.009, masing-masing pada tanggal                               amounting to Rp1,329,253, Rp1,400,428
               31 Desember 2024, 2023 dan 2022.                                      and Rp1,570,009, respectively.

               Manajemen berpendapat bahwa jumlah                                    Management believes that the amount of
               cadangan kerugian penurunan nilai kredit                              allowance for impairment losses on the
               yang diberikan dan pembiayaan/piutang                                 loans and sharia financing/receivables is
               syariah yang dibentuk telah memadai.                                  adequate.
         x.    Fungsi pengawasan kredit Bank berfokus                           x.   The credit control function of the Bank
               pada pencegahan penurunan kualitas                                    focuses on preventing the deterioration of
               portofolio kredit dan aktivitas penyaluran                            the quality of credit portfolio and unsound
               kredit yang tidak sehat yang dapat                                    practices in granting credit facilities that
               mengakibatkan timbulnya kerugian. Risiko                              may result in losses. Credit risks are
               kredit dikelola dan diatasi dengan                                    managed by establishing credit limits and
               membuat pembatasan penyaluran kredit                                  setting consistent lending policies, periodic
               (credit limit) dan kebijakan penyaluran                               monitoring of individual portfolio, and
               kredit      yang     seragam,     melakukan                           measuring the collectibility level of credit
               pengawasan portofolio individual secara                               portfolio.
               periodik      dan     pengukuran     tingkat
               kolektibilitas portofolio kredit.
         xi. Kredit sindikasi merupakan kredit yang                             xi. Syndicated loans represent loans provided
             diberikan kepada nasabah di bawah                                      to     customers       under      syndication
             perjanjian pembiayaan bersama dengan                                   agreements with other banks. As of
             bank-bank lain. Keikutsertaan Bank                                     December 31, 2024, 2023 and 2022, the
             sebagai    anggota    sindikasi dengan                                 Bank’s share as a co-lender in syndicated
             persentase penyertaan sebesar 7,28%,                                   loans is 7.28%, 8.61% and 7.62% for each,
             8,61% dan 7,62% dari jumlah kredit                                     respectively, of the total syndicated loans.
             sindikasi masing-masing pada tanggal 31
             Desember 2024, 2023 dan 2022.

        xii.   Kredit yang telah dihapusbukukan oleh                            xii. The loans written-off by the Bank are
               Bank dicatat sebagai kredit off balance                               recorded as off balance sheet in the
               sheet di dalam rekening administratif.                                administrative account.

   g. Informasi mengenai klasifikasi aset keuangan                        g.    Information with respect to classification of
      yang mengalami penurunan nilai dan tidak                                  impaired and not impaired and credit quality of
      mengalami penurunan nilai dan kualitas kredit                             financial assets are disclosed in Note 45.
      diungkapkan pada Catatan 45.




                                                              136
Page 588
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


12. TAGIHAN DAN LIABILITAS DERIVATIF                             12.    DERIVATIVE RECEIVABLE AND LIABILITIES

    Bank menerapkan akuntansi lindung nilai atas                       Bank implemented hedge accounting of the cash
    arus kas dengan tujuan untuk melindungi suatu                      flow with purpose to protect an instrument from
    instrumen atau kelompok instrumen dari                             exposure of cashflow variability that can be
    eksposur variabilitas arus kas yang dapat                          atributed at certain risk that related to acknowledge
    diatribusikan pada risiko tertentu yang terkait                    assets or liabilities (such as all or partial of future
    dengan aset atau liabilitas yang diakui (seperti                   interest payment on foreign currency debt) or which
    seluruh atau sebagian pembayaran bunga di                          can be atributed to certain risk that are most likely
    masa depan atas utang dengan mata uang                             to occur and can affect profit or loss.
    asing) atau yang dapat diatribusikan pada risiko
    tertentu yang terkait dengan prakiraan transaksi
    yang kemungkinan besar terjadi, dan dapat
    mempengaruhi laba rugi.

    Pada tanggal 10 November 2022 dan 18                               On November 10, 2022 and November 18, 2022,
    November 2022, Bank melakukan lindung nilai                        Bank entered into cashflow hedge for interest rate
    arus kas atas suku bunga dari obligasi                             and principal of subordinated bond amounting to
    subordinasi sebesar USD 300 juta (nilai penuh)                     USD 300 milion (full amount) with cross currency
    dengan Cross Currency Swap (CCS), dengan                           swap (CCS), with notional value amount of USD 72
    nilai nosional sebesar USD 72 juta (nilai penuh).                  million (full amount).

    Pada tanggal 28 Juli 2022 Bank melakukan                           On July 28, 2022, Bank entered into cashflow
    lindung nilai arus kas atas suku bunga dan nilai                   hedge for interest rate and principal of corporate
    pokok      dari    pinjaman    korporasi  Japan                    loan Japan International Corporate Agency (JICA)
    International Cooperation Agency (JICA) sebesar                    amounting to JPY 7 bilion (full amount) with cross
    JPY 7 miliar (nilai penuh) dengan Cross Currency                   currency swap (CCS), with notional value amount
    Swap (CCS), dengan nilai nosional sebesar JPY                      of JPY 3 billion (full amount).
    3 miliar (nilai penuh).

    Pada tanggal 24 Januari 2020 Bank melakukan                        On January 24, 2020, Bank entered into cashflow
    lindung nilai arus kas atas suku bunga dan nilai                   hedge for interest rate and principal of
    pokok dari obligasi subordinasi sebesar USD 300                    Subordinated Bond amounting to USD 300 milion
    juta (nilai penuh) dengan Cross Currency Swap,                     (full amount) with cross currency swap (CCS), with
    dengan nilai nosional sebesar USD 150 juta (nilai                  notional value amount of USD 150 million (full
    penuh)                                                             amount)

    Perubahan nilai wajar dari kontrak CCS sebagai                     The changes of fair value of CCS contract as a
    instrumen lindung nilai yang ditentukan sebagai                    hedging instrument that is designated as an
    lindung nilai yang efektif (yaitu bagian yang saling               effective hedge (that is, a part of set off) are
    hapus) diakui dalam penghasilan komprehensif                       recognized in other comprehensive income. The
    lain. Setiap sisa keuntungan/kerugian atas                         remaining gains/losses on the hedging instrument
    instrumen lindung nilai (yaitu ketidakefektifan)                   (ie. inefectiveness) of the hedge, recognized in
    untuk lindung nilai diakui dalam laba rugi.                        profit/loss.

    Sejak dimulainya akuntansi lindung nilai arus kas                  Since the inception of the cashflow hedge
    tersebut, manajemen telah memiliki dokumentasi                     accounting, management has documented the
    mengenai hubungan antara instrumen lindung                         relationship between hedging instruments and
    nilai dan item yang dilindung nilai dan juga tujuan                hedged items as well as the objectives of risk
    manajemen risikonya serta strategi dalam                           management and strategies for engaging various
    melakukan berbagai transaksi lindung nilai.                        hedging transaction.




                                                           137
Page 589
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)


 12. TAGIHAN         DAN       LIABILITAS       DERIVATIF               12. DERIVATIVE RECEIVABLE AND LIABILITIES
     (lanjutan)                                                             (continued)

        Dokumentasi juga meliputi penilaian efektivitas                    The documentation also includes assessing the
        lindung nilai dari derivatif yang digunakan                        effectivieness of hedge from derivative that used as
        sebagai instrumen lindung nilai dan item yang                      hedging instrument and hedged items. This
        dilindung nilai. Penilaian ini dilakukan baik pada                 assessment is carried out both at the beginning of
        permulaan lindung nilai tersebut diterapkan dan                    the hedging applied and at later on an ongoing
        pada saat-saat berikutnya secara berkelanjutan.                    basis.

                                                     31 Desember/December 31, 2024


                                                                                                 Suku bunga yang
                                                                            Suku bunga yang         diterima/
Tanggal Transaksi/         Pihak ketiga/              Nosional/                dibayarkan/           Interest             Jatuh tempo/
 Transaction Date          Third Parties              Notional                Interest Paid         eceivable             Maturity Date
     27 Januari/                                                                                                            23 Januari/
  January 27, 2020    Standard Chartered Bank        USD25.000.000               8,30%                4,20%              January 23, 2025
     27 Januari/                                                                                                            23 Januari/
  January 27, 2020      Deutsche Bank AG             USD25.000.000               8,30%                4,20%              January 23, 2025
    10 November/
    November 10,                                                                                                            23 Januari/
        2022                ANZ Bank                 USD25.000.000               6,20%                4,20%               January 23, 2025
    10 November/
    November 10,                                                                                                            23 Januari/
        2022                UOB Bank                 USD25.000.000               6,20%                4,20%               January 23, 2025
    18 November/
    November 18,                                                                                                            23 Januari/
        2022          Standard Chartered Bank        USD22.000.000               6,33%                4,20%               January 23, 2025




                                                     31 Desember/December 31, 2023


                                                                                                 Suku bunga yang
                                                                            Suku bunga yang         diterima/
Tanggal Transaksi/         Pihak ketiga/              Nosional/                dibayarkan/           Interest             Jatuh tempo/
 Transaction Date          Third Parties              Notional                Interest Paid         eceivable             Maturity Date
     27 Januari/                                                                                                            23 Januari/
  January 27, 2020    Standard Chartered Bank        USD25.000.000               8,30%                4,20%              January 23, 2025
     27 Januari/                                                                                                            23 Januari/
  January 27, 2020      Deutsche Bank AG             USD25.000.000               8,30%                4,20%              January 23, 2025
    10 November/
    November 10,                                                                                                            23 Januari/
        2022                ANZ Bank                 USD25.000.000               6,20%                4,20%               January 23, 2025
    10 November/
    November 10,                                                                                                            23 Januari/
        2022                UOB Bank                 USD25.000.000               6,20%                4,20%               January 23, 2025
    18 November/
    November 18,                                                                                                            23 Januari/
        2022          Standard Chartered Bank        USD22.000.000               6,33%                4,20%               January 23, 2025




                                                             138
Page 590
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

   PT BANK TABUNGAN NEGARA (PERSERO) TBK                                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
          (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                           unless otherwise stated)


12. TAGIHAN             DAN         LIABILITAS        DERIVATIF                      12.     DERIVATIVE RECEIVABLE AND LIABILITIES
    (lanjutan)                                                                               (continued)

                                                                31 Desember/December 31, 2022

                                                                                            Suku bunga yang        Suku bunga yang
Tanggal Transaksi/             Pihak ketiga/                      Nosional/                    dibayarkan/              diterima/               Jatuh tempo/
 Transaction Date              Third Parties                      Notional                    Interest Paid        Interest eceivable           Maturity Date
     27 Januari/                                                                                                                                  23 Januari/
  January 27, 2020        Standard Chartered Bank               USD5.000.000                     8,25%                   4,20%                January 23, 2023
     27 Januari/                                                                                                                                  23 Januari/
  January 27, 2020        Standard Chartered Bank               USD25.000.000                    8,30%                   4,20%                January 23, 2025
     27 Januari/                                                                                                                                  23 Januari/
  January 27, 2020          Deutsche Bank AG                    USD20.000.000                    8,25%                   4,20%                January 23, 2023
     27 Januari/                                                                                                                                   3 Januari/
  January 27, 2020          Deutsche Bank AG                    USD25.000.000                    8,30%                   4,20%                 January 3, 2025
    10 November/                                                                                                                                  23 Januari/
 November 10, 2022              ANZ Bank                        USD25.000.000                    6,20%                   4,20%                  January 23, 2025
    10 November/                                                                                                                                  23 Januari/
 November 10, 2022              UOB Bank                        USD25.000.000                    6,20%                   4,20%                 January 23, 2025
    18 November/                                                                                                                                  23 Januari/
 November 18, 2022        Standard Chartered Bank               USD22.000.000                    6,33%                   4,20%                 January 23, 2025
       28 Juli/                                                                                                                                     10 Mei/
    July 28, 2022               ANZ Bank                       JPY1.500.000.000                  6,11%                   0,90%                   May 10, 2023
       28 Juli/                                                                                                                                     10 Mei/
    July 28, 2022               UOB Bank                       JPY1.500.000.000                  6,11%                   0,90%                   May 10, 2023


     Selisih nilai wajar instrumen derivatif yang ditujukan                                 The fair value difference of derivative instruments
     sebagai lindung nilai arus kas dan kerugian selisih                                    designated as cash flow hedges and loss on foreign
     kurs atas obligasi subordinasi dalam mata uang                                         exchange of subordinated bonds denominated in
     asing dicatat pada penghasilan komprehensif lain                                       foreign currency were reported as other
     masing-masing pada tanggal 31 Desember 2024,                                           comprehensive income amounting to Rp44,082,
     2023 dan 2022. Saldo kerugian tersebut sebesar                                         Rp32,346 and Rp49,301 as of December 31, 2024,
     Rp44.082, Rp32.346 dan Rp49.301 masing-masing                                          2023 and 2022, respectively. The amount is
     pada tanggal 31 Desember 2024, 2023 dan 2022                                           presented as “Effective portion of cashflow hedge”
     disajikan sebagai ”Bagian efektif lindung nilai arus                                   in equity.
     kas” pada ekuitas.

     Ringkasan transaksi derivatif sebagai berikut:                                         The summary of the derivatives transaction as
                                                                                            follow:
                                             31 Desember/           31 Desember/                31 Desember/
                                           December 31, 2024      December 31, 2023           December 31, 2022

          Tagihan Derivatif                                                                                                          Derivative Receivable
          Cross currency interest                                                                                                   Cross currency interest
            rate swap                               102.843                       32.176                 103.939                              rate swap


          Total                                     102.843                       32.176                 103.939                                      Total




                                                                         139
Page 591
                                                                                              The original financial statements included herein are in the
                                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


13. TAGIHAN AKSEPTASI                                                                  13. ACCEPTANCES RECEIVABLE

   Rincian tagihan akseptasi kepada nasabah adalah                                             The details of acceptances receivable from
   sebagai berikut:                                                                            customers are as follows:

   a. Berdasarkan Jenis dan Mata Uang                                                         a.     By Type and Currency

                                             31 Desember/              31 Desember/                  31 Desember/
                                           December 31, 2024         December 31, 2023             December 31, 2022

          Pihak Berelasi                                                                                                                           Related Parties
          Surat Kredit Berdokumen                                                                                                              Domestic Document
            Dalam Negeri (SKBDN)                     433.708                       68.746                     131.356                             Letter of Credit

          Pihak Ketiga                                                                                                                                Third Parties
          Surat Kredit Berdokumen                                                                                                              Domestic Document
            Dalam Negeri (SKBDN)                     508.190                      475.821                     282.045                             Letter of Credit
          Letter of Credit                                 -                            -                       7.161                              Letter of Credit

          Total                                     941.898                       544.567                     420.562                                             Total

          Cadangan kerugian                                                                                                                          Alowance for
            penurunan nilai                              (1.987)                   (23.876)                           (136)                  impairment losses

        Total                                        939.911                      520.691                     420.426                                             Total



   b. Berdasarkan Jangka Waktu                                                                     b. By Period
                                             31 Desember/              31 Desember/                  31 Desember/
                                           December 31, 2024         December 31, 2023             December 31, 2022

        < 1 bulan                                     96.814                      362.394                      80.697                                     < 1 month
        > 1 bulan - 3 bulan                          724.495                       27.223                      49.568                          > 1 month - 3 months
        > 3 bulan - 1 tahun                          120.589                      154.950                     290.297                            > 3 months - 1 year

        Total                                        941.898                      544.567                     420.562                                             Total



   c.    Nilai tercatat bruto dan cadangan kerugian                                           c.     Gross carrying amount and allowance for
         penurunan nilai                                                                             impairment losses

         Perubahan nilai tercatat bruto adalah sebagai                                               Movements in the gross carrying amount are as
         berikut:                                                                                    follows:
                                                                         31 Desember/December 31, 2024

                                               Stage 1             Stage 2         Stage 3            Syariah*)               Total

            Tagihan akseptasi                                                                                                                 Acceptances receivable
            Saldo Awal                            488.494              56.073                  -                  -             544.567            Beginning balance

            Aset keuangan baru yang                                                                                                                 New financial assets
              diterbitkan atau dibeli             941.898             (56.073)                 -                  -             885.825       originated or purchased
            Pembayaran kembali                   (488.494)                    -                -                  -           (488.494)                      Repayment

            Total penambahan/(penurunan)                                                                                                        Total addition/(reversal)
              tahun berjalan                      453.404             (56.073)                 -                  -             397.331


            Saldo akhir periode                   941.898                    -                 -                  -             941.898   Balance at the end of period




                                                                             140
Page 592
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


13. TAGIHAN AKSEPTASI (lanjutan)                                                    13. ACCEPTANCES RECEIVABLE (continued)

   c.    Nilai tercatat bruto dan cadangan kerugian                                        c.    Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                              impairment losses (continued)

         Perubahan nilai tercatat bruto adalah sebagai                                           Movements in the gross carrying amount are as
         berikut: (lanjutan)                                                                     follows: (continued)
        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                  *) Not applying SFAS No. 109, ”Financial Instruments”

                                                                       31 Desember/December 31, 2023

                                               Stage 1           Stage 2         Stage 3         Syariah*)          Total

            Tagihan akseptasi                                                                                                             Acceptances receivable
            Saldo Awal                             420.562                 -                -                -         420.562                 Beginning balance

            Aset keuangan baru yang                                                                                                             New financial assets
              diterbitkan atau dibeli              488.494           56.073                 -                -         544.567            originated or purchased
            Pembayaran kembali                   (420.562)                -                 -                -       (420.562)                           Repayment

            Total penambahan/(penurunan)                                                                                                   Total addition/(reversal)
              tahun berjalan                        67.932           56.073                 -                -         124.005


            Saldo akhir tahun                      488.494           56.073                 -                -         544.567         Balance at the end of year



        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                  *) Not applying SFAS No. 109, ”Financial Instruments”

                                                                       31 Desember/December 31, 2022

                                               Stage 1           Stage 2         Stage 3         Syariah*)          Total

            Tagihan akseptasi                                                                                                             Acceptances receivable
            Saldo Awal                             454.140                 -                -                -         454.140                 Beginning balance

            Aset keuangan baru yang                                                                                                             New financial assets
              diterbitkan atau dibeli              420.562                 -                -                -         420.562            originated or purchased
            Pembayaran kembali                   (454.140)                 -                -                -       (454.140)                           Repayment

            Total penambahan/(penurunan)                                                                                                   Total addition/(reversal)
              tahun berjalan                      (33.578)                 -                -                -        (33.578)


            Saldo akhir tahun                      420.562                 -                -                -         420.562         Balance at the end of year


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                  *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                           141
Page 593
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


13. TAGIHAN AKSEPTASI (lanjutan)                                                      13. ACCEPTANCES RECEIVABLE (continued)

   c.    Nilai tercatat bruto dan cadangan kerugian                                           c. Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                              impairment losses (continued)

         Perubahan cadangan kerugian penurunan                                                    The movements in the allowance                                    for
         nilai adalah sebagai berikut:                                                            impairment losses are as follows:
                                                                  31 Desember/December 31, 2024

                                               Stage 1           Stage 2           Stage 3            Syariah*)           Total

            Tagihan akseptasi                                                                                                                   Acceptances receivable
            Saldo awal                               1.447           22.429    -                  -                           23.876                 Beginning Balance

            Aset keuangan baru yang                                                                                                                   New financial assets
              diterbitkan atau dibeli                1.987                 -                  -                                1.987            originated or purchased
            Pembayaran kembali                     (1.447)          (22.429)                  -                   -         (23.876)                           Repayment

            Total penambahan/(penurunan)                                                                                                          Total addition/(reversal)
              tahun berjalan                             540        (22.429)                  -                   -         (21.889)                     during the year

            Saldo akhir periode                      1.987                 -                  -                   -            1.987       Balance at the end of period


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                        *) Not applying SFAS No. 109, ”Financial Instruments”



                                                                  31 Desember/December 31, 2023

                                               Stage 1           Stage 2           Stage 3            Syariah*)           Total

            Tagihan akseptasi                                                                                                                   Acceptances receivable
            Saldo awal                                   136               -                  -                   -                136               Beginning Balance

            Aset keuangan baru yang                                                                                                                   New financial assets
              diterbitkan atau dibeli                1.447           22.429                   -                               23.876            originated or purchased
            Pembayaran kembali                       (136)                -                   -                   -            (136)                           Repayment

            Total penambahan/(penurunan)                                                                                                          Total addition/(reversal)
              tahun berjalan                         1.311           22.429                   -                   -           23.740                     during the year

            Saldo akhir tahun                        1.447           22.429                   -                   -           23.876         Balance at the end of year


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                        *) Not applying SFAS No. 109, ”Financial Instruments”


                                                                  31 Desember/December 31, 2022

                                               Stage 1           Stage 2           Stage 3            Syariah*)           Total

            Tagihan akseptasi                                                                                                                   Acceptances receivable
            Saldo awal                                   623               -                  -                   -                623               Beginning Balance

            Aset keuangan baru yang                                                                                                                   New financial assets
              diterbitkan atau dibeli                  136                                                                          136         originated or purchased
            Pembayaran kembali                       (623)                 -                  -                   -               (623)                        Repayment

            Total penambahan/(penurunan)                                                                                                          Total addition/(reversal)
              tahun berjalan                         (487)                 -                  -                   -               (487)                  during the year

            Saldo akhir tahun                            136               -                  -                   -                136       Balance at the end of year


        *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                        *) Not applying SFAS No. 109, ”Financial Instruments”


        Bank melakukan penilaian atas penurunan nilai                                                 The Bank assessed acceptance receivables
        tagihan akseptasi secara kolektif.                                                            collectively for impairment.

        Manajemen     berpendapat    bahwa jumlah                                                     The management believes that the allowance
        cadangan kerugian atas tagihan yang dibentuk                                                  for impairment losses provided on acceptances
        telah memadai.                                                                                receivable is adequate.




                                                                           142
Page 594
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


14. ASET TETAP                                                   14. PREMISES AND EQUIPMENT

   Akun ini terdiri dari:                                              This account consists of:
                                              31 Desember/December 31, 2024

                                                                Penambahan/         Pengurangan/
                             Saldo Awal/                        Reklasifikasi/      Reklasifikasi/     Saldo Akhir/
                              Beginning      Revaluasi/           Additions/         Deductions/         Ending
                               Balance       Revaluation       Reclassifications   Reclassifications    Balance

   Biaya/nilai revaluasi                                                                                               Cost/revaluation value
   Tanah                         4.548.181                 -           819.606                     -     5.367.787                        Land
   Bangunan                      1.860.935                 -           762.769                     -     2.623.704                    Buildings

   Peralatan kantor dan                                                                                               Office furniture, fixtures,
       kendaraan bermotor        4.111.287                 -           537.602            (557.075)      4.091.814        and motor vehicle

                               10.520.403                  -          2.119.977           (557.075)     12.083.305
                                                                                                                              Constructions in
   Aset dalam penyelesaian       1.634.202                 -           975.906          (1.461.362)      1.148.746                progress


                               12.154.605                  -          3.095.883         (2.018.437)     13.232.051
   Aset hak guna                  799.141                  -            155.278           (126.513)        827.906       Right of use of asset

                               12.953.746                  -          3.251.161         (2.144.950)     14.059.957

                                                                                                                                 Accumulated
   Akumulasi penyusutan                                                                                                         depreciation
   Bangunan                       938.176                  -           109.408                     -     1.047.584                   Buildings
                                                                                                                              Office furniture,
   Peralatan kantor dan                                                                                                        fixtures and
       kendaraan bermotor        3.421.448                 -           417.575            (557.075)      3.281.948           motor vehicles

                                 4.359.624                 -           526.983            (557.075)      4.329.532
   Aset hak guna                   476.310                 -           204.497            (126.513)        554.294       Right of use of asset

                                 4.835.934                 -           731.480            (683.588)      4.883.826

   Nilai Buku Neto               8.117.812                                                               9.176.131            Net Book Value


                                              31 Desember/December 31, 2023

                                                                Penambahan/         Pengurangan/
                             Saldo Awal/                        Reklasifikasi/      Reklasifikasi/     Saldo Akhir/
                              Beginning      Revaluasi/           Additions/         Deductions/         Ending
                               Balance       Revaluation       Reclassifications   Reclassifications    Balance

   Biaya/nilai revaluasi                                                                                               Cost/revaluation value
   Tanah                         4.406.143         57.208               84.830                     -     4.548.181                        Land
   Bangunan                      1.730.187              -              130.748                     -     1.860.935                    Buildings

   Peralatan kantor dan                                                                                               Office furniture, fixtures,
       kendaraan bermotor        3.673.813                 -           437.474                     -     4.111.287        and motor vehicle

                                 9.810.143         57.208              653.052                     -    10.520.403
                                                                                                                              Constructions in
   Aset dalam penyelesaian          69.685                 -          1.684.492           (119.975)      1.634.202                progress


                                 9.879.828         57.208             2.337.544           (119.975)     12.154.605
   Aset hak guna                   720.020                              205.957           (126.836)        799.141       Right of use of asset

                               10.599.848          57.208             2.543.501           (246.811)     12.953.746

                                                                                                                                 Accumulated
   Akumulasi penyusutan                                                                                                         depreciation
   Bangunan                       862.248                  -             75.928                    -       938.176                   Buildings
                                                                                                                              Office furniture,
   Peralatan kantor dan                                                                                                        fixtures and
       kendaraan bermotor        3.007.502                 -           413.946                     -     3.421.448           motor vehicles

                                 3.869.750                 -           489.874                    -      4.359.624
   Aset hak guna                   376.295                 -           226.851            (126.836)        476.310       Right of use of asset

                                 4.246.045                 -           716.725            (126.836)      4.835.934

   Nilai Buku Neto               6.353.803                                                               8.117.812            Net Book Value




                                                     143
Page 595
                                                                            The original financial statements included herein are in the
                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                               unless otherwise stated)


14. ASET TETAP (lanjutan)                                                14. PREMISES AND EQUIPMENT (continued)

   Akun ini terdiri dari:                                                    This account consists of:

                                                 31 Desember/December 31, 2022

                                                                      Penambahan/         Pengurangan/
                                 Saldo Awal/                          Reklasifikasi*)/    Reklasifikasi/     Saldo Akhir/
                                  Beginning        Revaluasi/           Additions/         Deductions/           Ending
                                   Balance         Revaluation       Reclassifications   Reclassifications      Balance
   Biaya/nilai revaluasi                                                                                                    Cost/revaluation value
   Tanah                             3.981.531          200.574              224.038                     -     4.406.143                    Land
   Bangunan                          1.645.843                -               84.344                     -     1.730.187                Buildings
                                                                                                                                 Office furniture,
   Peralatan kantor dan                                                                                                           fixtures and
       kendaraan bermotor            3.188.072                   -           485.741                     -     3.673.813        motor vehicles

                                     8.815.446          200.574              794.123                     -     9.810.143
                                                                                                                                    Constructions
   Aset dalam penyelesaian              71.689                   -             72.891            (74.895)         69.685            in progress

                                     8.887.135          200.574              867.014             (74.895)      9.879.828
   Aset hak guna                       581.520                -              253.379            (114.879)        720.020     Right of use of asset

                                     9.468.655          200.574             1.120.393           (189.774)     10.599.848

                                                                                                                                    Accumulated
   Akumulasi penyusutan                                                                                                            depreciation
   Bangunan                           787.416                    -             74.832                    -       862.248                Buildings
                                                                                                                                 Office furniture,
   Peralatan kantor dan                                                                                                           fixtures and
       kendaraan bermotor            2.655.788                   -           351.714                     -     3.007.502        motor vehicles

                                     3.443.204                   -           426.546                    -      3.869.750
   Aset hak guna                       288.660                   -           202.514            (114.879)        376.295     Right of use of asset

                                     3.731.864                   -           629.060            (114.879)      4.246.045

     Nilai Buku Neto                 5.736.791                                                                 6.353.803         Net Book Value




   Jumlah penyusutan aset tetap yang dibebankan pada                          Depreciation of premises and equipment and right of
   tahun yang berakhir pada tanggal 31 Desember                               use asset charged to operations amounted to
   2024, 2023 dan 2022 masing-masing sebesar                                  Rp526,983, Rp489,874 and Rp426,546, for the year
   Rp526.983, Rp489.874 dan Rp426.546 (Catatan 35).                           ended December 31, 2024, 2023 and 2022,
                                                                              respectively (Note 35).

   Nilai tercatat bruto dari aset tetap yang telah                            The gross carrying amount of the Bank's fully
   didepresiasi penuh oleh Bank namun masih                                   depreciated premises and equipment that are still in
   digunakan     masing-masing    adalah    sebesar                           use amounted to Rp2,512,814, Rp2,659,757 and
   Rp2.512.814, Rp2.659.757 dan Rp2.359.401 pada                              Rp2,359,401 as of December 31, 2024, 2023 and
   tanggal 31 Desember 2024, 2023 dan 2022.                                   2022, respectively.

   Hak atas tanah terdiri dari hak milik dan hak guna                         Landrights consist of ownership rights and rights to
   bangunan. Manajemen berpendapat bahwa jangka                               use. Management has the opinion that the terms of
   waktu hak atas tanah dapat diperbaharui atau                               the landrights can be renewed or extended upon
   diperpanjang kembali.                                                      their expiration.




                                                           144
Page 596
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


14. ASET TETAP (lanjutan)                                              14. PREMISES AND EQUIPMENT (continued)

   Bank telah mengasuransikan aset tetap kecuali                           The Bank insured its premises and equipment from
   tanah untuk menutup kemungkinan kerugian                                losses due to risks of fire and theft to PT Asuransi
   terhadap risiko kebakaran dan pencurian kepada                          Bina Griya (related party) on date December 31,
   PT Asuransi Bina Griya (pihak berelasi) pada                            2024, 2023 and 2022 amounting to Rp8,637,222,
   tanggal 31 Desember 2024, 2023 dan 2022 masing-                         Rp4,148,624 and Rp4,565,947, respectively.
   masing sebesar Rp8.637.222, Rp4.148.624 dan
   Rp4.565.947.

   Persentase tingkat penyelesaian aset dalam                              The percentage of completion of the constructions
   penyelesaian    masing-masing  pada    tanggal                          in progress as of December 31, 2024, 2023 and
   31 Desember 2024, 2023 dan 2022 masing-masing                           2022:
   adalah sebagai berikut:

                                               31 Desember/December 31, 2024
                                          Kisaran persentase jumlah
                                                                             Kisaran persentase
                                        tercatat terhadap nilai kontrak
                            Jumlah/                                             penyelesaian/
                                                 penyelesaian/
                            Amount                                          Range percentage of
                                          Range percentage carrying
                                                                                 completion
                                           amount to contract value
    Bangunan                550.132           43,10% - 87,60%                   43,10% - 87,60%                                Building
    Non Bangunan            598.614              2% - 95%                             2% - 95%                             Non-Building

                                               31 Desember/December 31, 2023
                                          Kisaran persentase jumlah
                                                                             Kisaran persentase
                                        tercatat terhadap nilai kontrak
                            Jumlah/                                             penyelesaian/
                                                 penyelesaian/
                            Amount                                          Range percentage of
                                          Range percentage carrying
                                                                                 completion
                                           amount to contract value
    Bangunan               1.404.028            0% - 57,70%                         0% - 57,70%                                Building
    Non Bangunan            230.174              5% - 95%                             5% - 95%                             Non-Building


                                                31 Desember/December 31, 2022
                                          Kisaran persentase jumlah
                                                                             Kisaran persentase
                                        tercatat terhadap nilai kontrak
                           Jumlah/                                              penyelesaian/
                                                 penyelesaian/
                           Amount                                           Range percentage of
                                          Range percentage carrying
                                                                                 completion
                                           amount to contract value
    Bangunan                69.685             52,94% - 87%                        52,94% - 87%                                Building


   Penilaian atas tanah di tahun 2016 dilakukan oleh                     The valuations of land in 2016 were performed by an
   penilai independen eksternal KJPP Immanuel,                           external independent appraiser KJPP Immanuel,
   Johnny, dan Rekan melalui laporannya pada                             Johnny, dan Rekan through its report dated April 19,
   tanggal 19 April 2016. Selanjutnya di tahun 2019,                     2016. Next in 2019, the bank revalued its land which
   Bank melakukan penilaian kembali atas tanah yang                      was done by an external independent appraiser
   dimiliki yang dilakukan oleh penilai independen                       KJPP Agus, Ali, Firdaus and Partners with its report
   eksternal KJPP Agus, Ali, Firdaus dan Rekan                           dated October 22, 2019. The bank revalued its land
   dengan laporan tertanggal 22 Oktober 2019. Bank                       in 2022 which was done by an external independent
   melakukan penilaian kembali atas tanah yang                           appraiser KJPP Aditya Iskandar and Partners with its
   dimiliki pada tahun 2022 yang dilakukan oleh penilai                  report dated December 12, 2022 which signed by
   independen eksternal KJPP Aditya Iskandar dan                         appraiser Aditya Iskandar Dwiatmaja.
   Rekan dengan laporan tertanggal 12 Desember
   2022 yang ditandatangani oleh penilai Aditya
   Iskandar Dwiatmaja.




                                                            145
Page 597
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


14. ASET TETAP (lanjutan)                                       14. PREMISES AND EQUIPMENT (continued)

   Penilaian dilakukan sesuai dengan dan tunduk                     The appraisal is carried out in accordance with and
   kepada ketentuan-ketentuan dari Kode Etik Penilai                subject to the provisions of the Indonesian Appraiser
   Indonesia (KEPI) dan berdasarkan POJK No.                        Code of Ethics (KEPI) and based on POJK No.
   28/POJK.04/2021 tanggal 30 Desember 2021                         28/POJK.04/2021 dated December 30, 2021
   tentang “Penyajian Laporan Penilaian Properti Di                 concerning "Presentation of Property Valuation
   Pasar Modal” dan Standar Penilaian Indonesia,                    Reports in the Capital Market" and Indonesian
   ditentukan berdasarkan transaksi pasar terkini dan               Valuation Standards, determined based on recent
   dilakukan dengan ketentuan-ketentuan yang lazim.                 market transactions and carried out with customary
                                                                    provisions.

   Dalam pengukuran nilai wajar tanah, Penilai                      In the fair value measurement of the land, the
   Independen memperhitungkan kemampuan peserta                     Independent Appraisers takes into account a market
   pasar untuk menghasilkan manfaat ekonomi dengan                  participant’s ability to generate economic benefits by
   penggunaan tertinggi dan terbaik atas aset atau                  using the assets in its highest and best use or by
   dengan menjual aset ke peserta pasar lain yang                   selling it to another market participant that would use
   akan menggunakan aset pada kondisi tertinggi dan                 the asset in its highest and best use. The valuation
   penggunaan terbaik. Metode penilaian yang                        method used by the Independent Appraiser is market
   digunakan oleh Penilai Independen adalah                         approach.
   pendekatan pasar.

   Informasi mengenai penilaian kembali aset tetap                  Information on the revaluation of land performed by
   untuk kelompok aset tanah yang dilakukan Bank                    the Bank in 2016, 2019, 2022 are as follows:
   tahun 2016, 2019, 2022 adalah sebagai berikut:

                                             31 Desember/December 31, 2022

                   Nilai Buku sebelum
                   Revaluasi/ Carrying           Nilai Buku setelah               Keuntungan/(Kerugian)
                     Amount Before              Revaluasi/ Carrying              Revaluasi/ Gain/(Loss) on
                       Revaluation            Amount after Revaluation                 Revaluation

    Tanah                       3.991.340                      4.191.914                            200.574                  Land

                                             31 Desember/December 31, 2019

                   Nilai Buku sebelum
                   Revaluasi/ Carrying           Nilai Buku setelah               Keuntungan/(Kerugian)
                     Amount Before              Revaluasi/ Carrying              Revaluasi/ Gain/(Loss) on
                       Revaluation            Amount after Revaluation                 Revaluation

    Tanah                       3.635.660                      3.970.391                            334.731                  Land

                                             31 Desember/December 31, 2016

                   Nilai Buku sebelum
                   Revaluasi/ Carrying           Nilai Buku setelah               Keuntungan/(Kerugian)
                     Amount Before              Revaluasi/ Carrying              Revaluasi/ Gain/(Loss) on
                       Revaluation            Amount after Revaluation                 Revaluation

    Tanah                        537.559                       3.580.298                          3.042.739                  Land

   Pada tahun 2023, Bank melakukan reklasifikasi atas                 In 2023, the Bank reclassified abandoned property
   properti terbengkalai yang memiliki nilai buku                     which has a book value of Rp25 and recognised as
   sebesar Rp25 dan melakukan pencatatan sebagai                      a fixed asset. The recording of these fixed assets is
   aset tetap. Pencatatan atas aset tetap tersebut                    based on the results of the revaluation carried out
   berdasarkan hasil penilaian kembali yang dilakukan                 by the Bank according to the market value of the
   oleh Bank sesuai dengan nilai pasar aset. Penilaian                assets. The revaluation of the abandoned property
   Kembali yang dilakukan atas properti terbengkalai                  resulted in an increase in the carrying amounting to
   tersebut menghasilkan jumlah kenaikan tercatat                     Rp57,234, where the increase in the recorded value
   sebesar Rp57.234 dimana kenaikan nilai tercatat                    arising from the revaluation was recorded as "Fixed
   yang timbul dari penilaian kembali dicatat sebagai                 Asset Revaluation Surplus", and was presented in
   “Surplus Revaluasi Aset Tetap”, dan disajikan dalam                other comprehensive income amounting to
   penghasilan komprehensif lain sebesar Rp57.208.                    Rp57,208.



                                                         146
Page 598
                                                               The original financial statements included herein are in the
                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


14. ASET TETAP (lanjutan)                                     14. PREMISES AND EQUIPMENT (continued)

   Penilaian kembali yang dilakukan atas tanah pada             The revaluation of land in 2022, resulted in an
   tahun 2022 menghasilkan jumlah kenaikan nilai                increase in the carrying amount of land amounting
   tercatat sebesar Rp200.574 yang tercatat pada                to Rp200,574 which consists of the increase in the
   “Penghasilan Komprehensif Lain”. Sedangkan                   carrying amount of land recognised as “Other
   penilaian kembali yang dilakukan atas tanah pada             Comprehensive Income”. However, the revaluation
   tahun 2019, menghasilkan jumlah kenaikan nilai               of land in 2019, resulted in an increase in the
   tercatat sebesar Rp334.731 yang terdiri dari                 carrying amount of land amounting to Rp334,731
   kenaikan nilai tanah yang dicatat sebagai                    which consists of the increase in the carrying
   “Penghasilan     Komprehensif     Lain”   sebesar            amount of        land recognised       as   “Other
   Rp341.000 dan penurunan nilai tanah yang diakui              Comprehensive Income” amounting to Rp341,000
   sebagai beban tahun berjalan sebesar Rp6.269.                and a decrease in carrying amount of land
   Kenaikan nilai tercatat yang timbul dari revaluasi           recognised in the current year expenses amounting
   tahun 2016 dicatat sebagai “Surplus Revaluasi Aset           to Rp6,269. Increase in the carrying amount arising
   Tetap”,    dan    disajikan  dalam     penghasilan           from revaluation in 2016 is recorded in “Premises
   komprehensif lain sebesar Rp3.042.739.                       and Equipment Revaluation Surplus” and
                                                                presented in other comprehensive income
                                                                amounting to Rp3,042,739.

   Pada tahun 2022 dan 2019, Bank melakukan                     In 2022 and 2019, Bank has revalued the value of
   penilaian kembali atas tanah tersebut bukan untuk             that land not for tax purpose rather for the
   tujuan perpajakan tetapi hanya untuk tujuan                   accounting purpose according to the Financial
   akuntansi sesuai dengan Standar Akuntansi                     Accounting Standard.
   Keuangan.
   Penilaian kembali tanah pada tahun 2016 adalah               Revaluation of land in 2016, for tax purposes is
   untuk tujuan perpajakan dilakukan setelah                    performed after the approval from Directorate
   mendapatkan persetujuan dari Direktorat Jenderal             General of Tax through its letter No. KEP-
   Pajak dengan Surat Keputusan No. KEP-                        435/WPJ.19/2016 dated June 8, 2016. The amount
   435/WPJ.19/2016 tanggal 8 Juni 2016. Jumlah pajak            of tax which has been paid by the Bank in relation
   yang telah dibayar oleh Bank sehubungan penilaian            with the revaluation was amounting to Rp75,748.
   kembali tersebut adalah sebesar Rp75.748.

   Jika tanah dicatat sebesar harga perolehan, maka             If land is recorded at historical cost basis, the
   pada tanggal 31 Desember 2024, 2023 dan 2022                 amount as of December 31,2024, 2023 and 2022,
   adalah sebesar Rp1.790.401, Rp970.795 dan                    would     be   Rp1,790,401,     Rp970,795     and
   Rp828.757.                                                   Rp828,757.

   Nilai wajar atas tanah termasuk pada hirarki nilai           The fair value of land included in the fair value
   wajar level 3.                                               hierarchy as level 3.

   Tidak ada aset tetap yang dimiliki Bank yang                 As of December 31, 2024, 2023 and 2022, there are
   dijadikan  jaminan      pada     tanggal-tanggal             no fixed assets owned by the Bank which are
   31 Desember 2024, 2023 dan 2022.                             pledged as collateral.

   Manajemen berpendapat bahwa tidak terdapat                   Management believes that there is no impairment
   penurunan nilai aset tetap dan jumlah nilai                  in value of premises and equipments and the
   pertanggungan asuransi cukup untuk menutup risiko            amount of insurance coverage is adequate to cover
   kerugian yang mungkin timbul atas aset tetap pada            the risk of loss that may arise on the premises and
   tanggal-tanggal 31 Desember 2024, 2023 dan 2022.             equipments as of December 31, 2024, 2023 and
                                                                2022.




                                                        147
Page 599
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


14. ASET TETAP (lanjutan)                                       14. PREMISES AND EQUIPMENT (continued)

   Bank menyewa beberapa aset termasuk bangunan,                       The Bank leases several assets including
   rumah dinas, lahan ATM, kendaraan mobil, jaringan,                  buildings, official residences, ATM space, car,
   mesin ATM, dan media promosi. Rata-rata masa                        network, ATM machine, and promotional media.
   sewa adalah 4 tahun.                                                The average lease term is 4 years.

   Bank mempunyai sewa tertentu dengan masa sewa                       The Bank also has certain leases with lease terms
   12 bulan atau kurang dan sewa bernilai rendah.                      of 12 months or less and low value assets. The
   Bank menerapkan pengecualian pengakuan sewa                         Bank applies the recognition exemptions of short-
   jangka pendek dan sewa bernilai rendah untuk sewa                   term leases and low-value assets for these leases.
   tersebut.

   Nilai tercatat untuk aset hak guna adalah sebagai                   The carrying amount of right of use assets are as
   berikut:                                                            follows:

                                                31 Desember/December 31, 2024

                                 Saldo Awal/                                     Saldo Akhir/
                                  Beginning      Penambahan/    Pengurangan/       Ending
                                   Balance        Additions/     Deductions/       Balance

   Nilai tercatat                                                                                               Carrying amount
   Bangunan                           582.084         103.113       (118.804)          566.393                         Buildings
   Kendaraan                          216.939          52.165         (7.591)          261.513                           Vehicle
   Mesin ATM                                -               -               -                -                    ATM Machine
   Lainnya                                118               -           (118)                -                            Others

                                      799.141         155.278       (126.513)          827.906

   Akumulasi penyusutan                                                                                 Accumulated depreciation
   Bangunan                           346.417         145.052       (118.805)          372.664                         Buildings
   Kendaraan                          129.776          59.445         (7.591)          181.630                           Vehicle
   Mesin ATM                                -               -               -                -                    ATM Machine
   Lainnya                                117               -           (117)                -                           Others

                                      476.310         204.497       (126.513)          554.294

  Nilai Buku Neto                     322.831                                          273.612                  Net Book Value



                                                31 Desember/December 31, 2023

                                 Saldo Awal/                                     Saldo Akhir/
                                  Beginning      Penambahan/    Pengurangan/       Ending
                                   Balance        Additions/     Deductions/       Balance

   Nilai tercatat                                                                                               Carrying amount
   Bangunan                           565.724         118.767       (102.407)          582.084                         Buildings
   Kendaraan                          146.319          87.190        (16.570)          216.939                           Vehicle
   Mesin ATM                            7.839               -         (7.839)                -                    ATM Machine
   Lainnya                                138               -            (20)              118                            Others

                                      720.020         205.957       (126.836)          799.141

   Akumulasi penyusutan                                                                                 Accumulated depreciation
   Bangunan                           297.729         151.095       (102.407)          346.417                         Buildings
   Kendaraan                           72.237          74.108        (16.569)          129.776                           Vehicle
   Mesin ATM                            6.196           1.643         (7.839)                -                    ATM Machine
   Lainnya                                133               4            (20)              117                           Others

                                      376.295         226.850       (126.835)          476.310

  Nilai Buku Neto                     343.725                                          322.831                  Net Book Value




                                                         148
Page 600
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


14. ASET TETAP (lanjutan)                                                 14. PREMISES AND EQUIPMENT (continued)

   Nilai tercatat untuk aset hak guna adalah sebagai                             The carrying amount of right of use assets are as
   berikut: (lanjutan)                                                           follows: (continued)


                                                         31 Desember/December 31, 2022

                                        Saldo Awal/                                          Saldo Akhir/
                                         Beginning        Penambahan/    Pengurangan/          Ending
                                          Balance          Additions/     Deductions/          Balance

   Nilai tercatat                                                                                                              Carrying amount
   Bangunan                                  514.000           137.542           (85.818)          565.724                            Buildings
   Kendaraan                                  59.433           115.837           (28.951)          146.319                              Vehicle
   Mesin ATM                                   7.839                 -                 -             7.839                       ATM Machine
   Lainnya                                       248                 -              (110)              138                               Others

                                             581.520           253.379          (114.879)          720.020

   Akumulasi penyusutan                                                                                               Accumulated depreciation
   Bangunan                                  236.048           147.499           (85.818)          297.729                           Buildings
   Kendaraan                                  47.345            53.843           (28.951)           72.237                             Vehicle
   Mesin ATM                                   5.074             1.122                 -             6.196                      ATM Machine
   Lainnya                                       193                50              (110)              133                             Others

                                             288.660           202.514          (114.879)          376.295

  Nilai Buku Neto                           292.860                                                343.725                     Net Book Value




15. BUNGA YANG MASIH AKAN DITERIMA                                        15. INTERESTS RECEIVABLES

   Akun ini terdiri dari:                                                       This account consists of:

                                       31 Desember/          31 Desember/            31 Desember/
                                     December 31, 2024     December 31, 2023       December 31, 2022

  Kredit yang diberikan                     10.896.436             10.991.199               10.165.322                                    Loans
  Obligasi pemerintah                          490.258                406.144                  385.556                      Government bonds
  Efek-efek dan penempatan pada bank lain       94.997                 93.842                  170.468Securities and placement with other Banks
  Derivatif                                     36.883                 35.502                   28.956                                Derivative

  Total                                     11.518.574             11.526.687               10.750.302                                    Total




                                                                  149
Page 601
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


16. ASET LAIN-LAIN                                                        16. OTHER ASSETS

   Akun ini terdiri dari:                                                       This account consists of:

                                         31 Desember/        31 Desember/            31 Desember/
                                       December 31, 2024   December 31, 2023       December 31, 2022

  Pihak ketiga                                                                                                                    Third party
  Tagihan kepada pihak ketiga                 1.781.884            1.873.496               1.040.048                 Third party receivables
  Biaya dibayar dimuka                          985.821              698.200                 505.346                      Prepaid expenses
  Uang Muka Pajak                                                                                                             Prepaid Taxes
     PPh 29 (Catatan 39a)                       721.042                     -                       -                  Article 29 (Note 39a)
     PPh 21                                      33.053                     -                       -                              Article 21
  Beban yang ditangguhkan untuk                                                                                        Deferred expense for
     pinjaman karyawan (Catatan 11f)            341.757              400.702                 459.549            employee loan (Note 11f)
  Agunan yang diambil alih                       77.591               77.591                  77.591                   Foreclosed collateral
  Lainnya                                       264.516              185.057                 270.228                                  Others

  Total                                       4.205.664            3.235.046               2.352.762                                     Total



   Tagihan kepada pihak ketiga merupakan tagihan                                Third party receivables represent receivables from
   kepada nasabah dan pihak lainnya seperti tagihan                             customers and other parties such as the receivables
   kepada      Pemerintah     Republik     Indonesia                            from the Government of the Republic of Indonesia,
   (Perumpera), tagihan kepada PT Pos Indonesia                                 (Perumpera) receivables from PT Pos Indonesia
   (Persero) sehubungan dengan kerja sama                                       (Persero) regarding collaboration on holding
   penyelenggaraan Tabungan Batara Kantor Pos,                                  Tabungan Batara Kantor Pos, and receivables from
   serta tagihan kepada PT Artajasa terkait dengan                              PT Artajasa arising from transactions with
   transaksi ATM Bersama, PT Finnet Indonesia atas                              ATM Bersama, receivables from PT Finnet
   transaksi ATM Link, PT Alto Network atas transaksi                           Indonesia arising from ATM Link’s transactions,
   ATM Alto, dan PT Rintis Sejahtera atas transaksi                             receivables from PT Alto Network arising from
   ATM Prima.                                                                   transaction with ATM Alto, and receivables from PT
                                                                                Rintis Sejahtera arising from transaction with ATM
                                                                                Prima.

   Rincian biaya dibayar dimuka terutama terdiri dari                           Details of prepaid expenses consist mainly of rent
   biaya sewa dan biaya pemeliharaan gedung dan                                 expenses and building and office furnitures
   peralatan kantor.                                                            maintenance expenses.

17. LIABILITAS SEGERA                                                     17. LIABILITIES DUE IMMEDIATELY

    Akun ini terdiri dari:                                                      This account consists of:

                                         31 Desember/        31 Desember/            31 Desember/
                                       December 31, 2024   December 31, 2023       December 31, 2022

  Kewajiban kepada pihak ketiga               2.147.228            2.384.802               2.534.231                      Third party payables
  Bagi hasil yang belum dibagikan                87.581               84.951                  37.548              Undistributed profit sharing
  Hutang pajak                                                                                                                  Taxes payable
  Pajak penghasilan                                                                                                                 Income tax
     Pasal 4 ayat (2)                           181.728              157.517                 122.810               Article (4) paragraph 2
     Pasal 25                                   154.348                    -                       -                  Article 29 (Note 39)
     Pasal 21                                    10.580               95.946                  88.045                             Article 21
     Pasal 29 (Catatan 39a)                           -              345.514                 347.774                 Article 29 (Note 39a)
  Pajak pertambahan nilai                        21.817               90.810                  32.567                           Value added tax
  Deposito berjangka jatuh tempo                 12.748               90.263                  14.058                    Matured time deposits
  Bunga atas deposito berjangka                                                                             Interest on time deposits which is
     yang belum diambil nasabah                  10.597                 7.255                  2.634           not yet collected by customers
  Lainnya                                        17.795                20.456                 25.691                                     Others

  Total                                       2.644.422            3.277.514               3.205.358                                     Total




                                                                 150
Page 602
                                                                                     The original financial statements included herein are in the
                                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


18. GIRO                                                                         18. DEMAND DEPOSITS

   Akun ini terdiri dari:                                                             This account consists of:
                                         31 Desember/                    31 Desember/                   31 Desember/
                                       December 31, 2024               December 31, 2023              December 31, 2022

                                  Jumlah nosional                 Jumlah nosional               Jumlah nosional
                                  mata uang asing                 mata uang asing/              mata uang asing/
                                  Notional amount                 Notional amount               Notional amount
                                    in foreign                      in foreign                    in foreign
                                    currencies       Ekuivalen/     currencies     Ekuivalen/     currencies        Ekuivalen/
                                  (angka penuh/      Equivalent   (angka penuh/    Equivalent   (angka penuh/       Equivalent
                                   full amount)       Rupiah       full amount)     Rupiah       full amount)        Rupiah

    Pihak ketiga                                                                                                                          Third parties
       Rupiah                                        21.613.002                   23.347.492                        19.411.404              Rupiah
       Dolar Amerika Serikat         3.784.587           60.913       793.608         12.219         527.470             8.211 United States Dollar

                                                     21.673.915                    23.359.71                       19.419.615

    Pihak Berelasi (Catatan 44)                                                                                                Related parties (Note 44)
       Rupiah                                       122.895.873                  101.003.321                        92.304.844               Rupiah
       Dolar Amerika Serikat      949.523.112        15.282.574    98.007.695     18.445.724     115.706.948         1.801.268 United States Dollar
       Euro Eropa                   3.202.415            53.666                            -                                 -         Europe Euro

                                                    138.232.113                  119.449.045                        94.106.112

    Total                                           159.906.028                  142. 808.756                      113.525.727                    Total




   Pada tanggal 31 Desember 2024, 2023 dan 2022,                                      As of December 31, 2024, 2023 and 2022, demand
   saldo giro termasuk giro yang didasarkan pada                                      deposits balance include deposits based on sharia
   prinsip perbankan syariah adalah masing-masing                                     banking principles amounting to Rp18,882,765,
   sebesar    Rp18.882.766,   Rp13.439.465   dan                                      Rp13,439,465 and Rp8,624,809, respectively.
   Rp8.624.809.
   Tingkat suku bunga rata-rata untuk giro Rupiah                                     The average annual interest rates for Rupiah
   adalah sebesar 1,86%, 2,21% dan 1,59% masing-                                      demand deposits are 1.86%, 2.21% and 1.59% for
   masing untuk tahun yang berakhir pada tanggal 31                                   the year ended December 31, 2024, 2023, and
   Desember 2024, 2023 dan 2022, dan tingkat suku                                     2022, respectively, and for foreign currency
   bunga rata-rata untuk giro dalam mata uang asing                                   denominated demand deposits are 6.13%, 4.51%
   adalah sebesar 6,13%, 4,51% dan 1,03% untuk                                        and 1.03% for the year ended December 31, 2024,
   tahun yang berakhir pada tanggal 31 Desember                                       2023 and 2022, respectively.
   2024, 2023 dan 2022.


   Giro yang digunakan sebagai jaminan atas fasilitas                                 Demand deposits amounting to Rp450,375,
   kredit yang diberikan oleh Bank pada tanggal                                       Rp438,578 and Rp354,287 as of December 31,
   31 Desember 2024, 2023 dan 2022 masing-masing                                      2024, 2023 and 2022, respectively, are pledged as
   sebesar Rp450.375, Rp438.578 dan Rp354.287                                         collateral for loans provided by the Bank (Note 11).
   (Catatan 11).




                                                                       151
Page 603
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


18. GIRO (lanjutan)                                                     18. DEMAND DEPOSITS (continued)

    Giro simpanan dari nasabah dan wadiah dari pihak-                        As of December 31, 2024, 2023 and 2022, demand
    pihak berelasi pada 31 Desember 2024, 2023 dan                           deposit and wadiah demand deposits from
    2022 masing-masing sebesar Rp138.232.113,                                depositors who are related parties of the bank
    Rp119.449.045 dan Rp94.106.112 (Catatan 44).                             amounted to Rp138,232,133, Rp119,449,045 and
                                                                             Rp94,106,112 (Note 44).

    Pada tahun 2023, telah dilakukan migrasi dana                            In 2023, the security deposits were migrated to the
    jaminan ke rekening giro escrow per masing-masing                        escrow demand deposits per each developer
    pengembang/nasabah           sebesar    Rp3.044.849.                     amounted to Rp3,044,849. Previously, the security
    Sebelumnya, dana jaminan ini dicatat pada akun                           deposits were recorded in other liabilities account.
    liabilitas lain-lain. Kemudian atas akad kredit baru di                  Afterwards, the new credit agreement at the end of
    akhir tahun 2023, Bank mencatat seluruh dana                             2023, the Bank will record all security deposits in the
    jaminan pada rekening giro escrow per masing-                            escrow demand deposits per each developer. As of
    masing pengembang/nasabah. Pada tanggal                                  December 31, 2024 and 2023, the security deposits
    31 Desember 2024 dan 2023, saldo dana jaminan                            balance in the escrow demand deposits was
    yang terdapat pada rekening masing-masing giro                           amounted to Rp3,578,332 and              Rp3,738,754
    escrow sebesar Rp3.578.332 dan Rp3.738.754.                              respectively.
    Dana Syirkah Temporer - Giro Mudharabah                                  Temporary Syirkah Funds – Current Accounts
    a. Berdasarkan jenis produk                                               a.    By product
                                       31 Desember/        31 Desember/           31 Desember/
                                     December 31, 2024   December 31, 2023      December 31, 2022

       Giro BTN Prima iB                      941.925              726.061                480.786                      Giro BTN Prima iB

       Total                                  941.925              726.061                480.786                                  Total


    b. Berdasarkan hubungan                                                   b.    By relationship
                                       31 Desember/        31 Desember/           31 Desember/
                                     December 31, 2024   December 31, 2023      December 31, 2022

       Pihak Ketiga                           929.940              712.587                468.889                           Third Parties
       Pihak Berelasi (Catatan 44)             11.985               13.474                 11.897                 Related Party (Note 44)

       Total                                  941.925              726.061                480.786                                  Total

         Nisbah dan tingkat bagi hasil rata-rata untuk                             The average rate of ratio and profit sharing for
         giro Mudharabah untuk tahun yang berakhir                                 Mudharabah current accounts for the year
         pada 31 Desember 2024, 2023 dan 2022                                      ended December 31, 2024, 2023 and 2022 are
         adalah sebagai berikut:                                                   as follows:
                                                                2024

                                                                          Tingkat
                                                                       bagi hasil (%)/
                                                  Nisbah (%)/          Profit sharing
                                                   Ratio (%)              rate (%)

         Giro Mudharabah                       12,70 : 87,30               1,28%                        Mudharabah current accounts




                                                                152
Page 604
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


18. GIRO (lanjutan)                                                                  18. DEMAND DEPOSITS (continued)
    Dana Syirkah            Temporer - Giro Mudharabah                                    Temporary Syirkah Funds - Mudharabah Current
    (lanjutan)                                                                            Accounts (continued)

    Nisbah dan tingkat bagi hasil rata-rata untuk giro                                    The average rate of ratio and profit sharing for
    Mudharabah untuk tahun yang berakhir pada 31                                          Mudharabah current accounts for the year ended
    Desember 2024, 2023 dan 2022 adalah sebagai                                           December 31, 2024, 2023 and 2022 are as follows:
    berikut: (lanjutan)                                                                   (continued)

                                                                         2023

                                                                                       Tingkat
                                                                                    bagi hasil (%)/
                                                      Nisbah (%)/                   Profit sharing
                                                       Ratio (%)                       rate (%)
            Giro Mudharabah                          12,70 : 87,30                      1,28%                                 Mudharabah current accounts

                                                                         2022

                                                                                       Tingkat
                                                                                    bagi hasil (%)/
                                                      Nisbah (%)/                   Profit sharing
                                                       Ratio (%)                       rate (%)

            Giro Mudharabah                                14 : 86                      1,37%                                 Mudharabah current accounts

     Pada tanggal 31 Desember 2024, 2023 dan 2022                                          As of December 31, 2024, 2023 and 2022, there
     tidak terdapat giro mudharabah yang dijadikan                                         are no mudharabah demand deposits which are
     jaminan.                                                                              pledged as collateral.

19. TABUNGAN                                                                         19. SAVINGS DEPOSITS
                                         31 Desember/                     31 Desember/                           31 Desember/
                                       December 31, 2024                December 31, 2023                      December 31, 2022

                                 Jumlah nosional                   Jumlah nosional                       Jumlah nosional
                                 mata uang asing                   mata uang asing/                      mata uang asing/
                                 Notional amount                   Notional amount                       Notional amount
                                   in foreign                         in foreign                           in foreign
                                   currencies      Ekuivalen/        currencies     Ekuivalen/             currencies       Ekuivalen/
                                 (angka penuh/     Equivalent      (angka penuh/    Equivalent           (angka penuh/      Equivalent
                                  full amount)      Rupiah          full amount)     Rupiah               full amount)       Rupiah

    Rupiah                                                                                                                                                   Rupiah
     Tabungan Batara                                37.410.000                          37.557.013                           36.079.683      Batara savings deposits
                                                                                                                                             Batara Wadiah savings
     Tabungan Batara Wadiah                          1.521.932                           1.276.592                            1.193.718                  deposit

                                                    38.931.932                          38.833.605                           37.273.401

    Dolar Amerika Serikat                                                                                                                       United States Dollar
     Tabungan Batara             10.428.441           167.846          8.712.221           134.142           6.211.491           96.697      Batara savings deposits

    Dolar Australia                                                                                                                                 Australian Dollar
     Tabungan Batara             9.696.070              97.092         1.941.014            20.421                 348                   4   Batara savings deposits

    Dolar Singapura                                                                                                                                 Singapore Dollar
     Tabungan Batara             1.626.026              19.260         2.655.444            31.006             512.114             5.937     Batara savings deposits

    Yen Jepang                                                                                                                                           Japan Yen
     Tabungan Batara             56.622.416                5.834       2.503.206             8.399              37.082                   4   Batara savings deposits

    Euro Eropa                                                                                                                                       European Euro
     Tabungan Batara                 4.445                   74                 -                    -               -                   -   Batara savings deposits

    Renminbi                                                                                                                                              Renminbi
     Tabungan Batara                19.275                   43           6.625                 14               1.619                   4   Batara savings deposits

                                                       290.149                             165.148                              102.646

    Total                                           39.222.081                          38.998.753                           37.376.047                        Total




                                                                        153
Page 605
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                               unless otherwise stated)


19. TABUNGAN (lanjutan)                                                19. SAVINGS DEPOSITS (continued)

   Pada tanggal 31 Desember 2024, 2023 dan 2022,                             As of December 31, 2024, 2023 and 2022, savings
   saldo tabungan termasuk tabungan yang                                     deposits balance include savings deposits based
   didasarkan pada prinsip perbankan syariah                                 on sharia banking principles amounted to
   masing-masing     sebesar        Rp1.521.932,                             Rp1,521,932, Rp1,276,592 and Rp1,193,718,
   Rp1.276.592 dan Rp1.193.718.                                              respectively.

   Tingkat suku bunga rata-rata untuk tabungan                               The average annual interest rates for rupiah
   rupiah sebesar 1,57%, 1,53% dan 1,44% masing-                             savings deposits are 1.57%, 1.53% and 1.44%, for
   masing untuk tahun yang berakhir pada tanggal                             the year ended December 31, 2024, 2023 and
   31 Desember 2024, 2023 dan 2022. Tingkat suku                             2022, respectively. The average annual interest
   bunga rata-rata untuk tabungan valas sebesar                              rates for foreign currencies savings deposits are
   0,27%, 0,21% dan 0,16% masing-masing untuk                                0.27%, 0.21% and 0.16%, for the year ended
   tahun yang berakhir pada tanggal 31 Desember                              December 31, 2024, 2023 and 2022, respectively.
   2024, 2023 dan 2022.

   Tabungan yang digunakan sebagai jaminan atas                              Savings deposits amounting to Rp728,630,
   fasilitas kredit yang diberikan oleh Bank pada                            Rp594,105 and Rp598,326 as of December 31,
   tanggal 31 Desember 2024, 2023 dan 2022                                   2024, 2023 and 2022, respectively, are pledged as
   masing-masing sebesar Rp728.630, Rp594.105                                collateral for loans provided by the Bank to its
   dan Rp598.326 (Catatan 11).                                               customers (Note 11).
   Tabungan Batara dan wadiah dari pihak-pihak                               As of December 31, 2024, 2023 and 2022, Batara
   berelasi pada tanggal 31 Desember 2024, 2023                              and wadiah savings deposits from depositors who
   dan 2022 masing-masing sebesar Rp923.901,                                 are related parties of the Bank amounted to
   Rp694.298 dan Rp526.282 (Catatan 44).                                     Rp923,901,      Rp694,298     and   Rp526,282,
                                                                             respectively (Note 44).
   Dana Syirkah Temporer - Tabungan Mudharabah                                Temporary Syirkah Funds - Mudharabah Savings
                                                                              Deposits

    a. Berdasarkan jenis produk                                               a.    By product

                                       31 Desember/        31 Desember/           31 Desember/
                                     December 31, 2024   December 31, 2023      December 31, 2022

      Rupiah                                                                                                                    Rupiah
      Tabungan BTN Prima iB                 6.007.492            5.214.570              4.602.505                Tabungan BTN Prima iB
      Tabungan BTN Haji & Umroh iB            262.500              245.314                205.866          Tabungan BTN Haji & Umroh iB
      Tabungan BTN Emas iB                     10.454                7.266                  6.006                Tabungan BTN Emas iB
      Tabungan Qurban BTN iB                    7.334                6.092                  4.736               Tabungan Qurban BTN iB

      Total                                 6.287.780            5.473.242              4.819.113                                  Total



    b. Berdasarkan hubungan                                                   b.    By relationship
                                       31 Desember/        31 Desember/           31 Desember/
                                     December 31, 2024   December 31, 2023      December 31, 2022

      Pihak Ketiga                          6.161.887            5.331.275              4.730.686                           Third Parties
      Pihak Berelasi (Catatan 44)             125.893              141.967                 88.427                 Related Party (Note 44)

      Total                                 6.287.780            5.473.242              4.819.113                                  Total



   Tabungan Mudharabah merupakan simpanan dana                                Mudharabah savings deposits represent deposits
   pihak lain yang mendapatkan imbalan bagi hasil dari                        from third parties who receive a share in the
   pendapatan Bank atas penggunaan dana tersebut                              revenue derived by the Bank from the use of such
   dengan nisbah yang ditetapkan dan disetujui                                funds based on a pre-determined and pre-agreed
   sebelumnya.                                                                ratio.




                                                               154
Page 606
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


19. TABUNGAN (lanjutan)                                       19. SAVINGS DEPOSITS (continued)

   Dana Syirkah Temporer - Tabungan Mudharabah                     Temporary Syirkah Funds - Mudharabah Savings
   (lanjutan)                                                      Deposits (continued)

   Nisbah dan tingkat bagi hasil rata-rata untuk                   The average rate of ratio and profit sharing for
   tabungan Mudharabah untuk tahun yang berakhir                   Mudharabah savings deposits for the year ended
   pada 31 Desember 2024, 2023 dan 2022 adalah                     December 31, 2024, 2023 and 2022 are as follows:
   sebagai berikut:
                                                       2024

                                                               Tingkat
                                                            bagi hasil (%)/
                                      Nisbah (%)/           Profit sharing
                                       Ratio (%)               rate (%)

       Tabungan BTN Prima iB          34,10 : 65,90             2,87%                         Tabungan BTN Prima iB
       Tabungan BTN Haji & Umroh iB       2 : 98                0,17%                   Tabungan BTN Haji & Umroh iB
       Tabungan Qurban BTN iB         15,50 : 84,50             1,30%                        Tabungan Qurban BTN iB
       Tabungan BTN Emas iB             25 : 75                 2,10%                        Tabungan BTN Emas iB

                                                       2023

                                                               Tingkat
                                                            bagi hasil (%)/
                                      Nisbah (%)/           Profit sharing
                                       Ratio (%)               rate (%)

       Tabungan BTN Prima iB          34,10 : 65,90             3,42%                         Tabungan BTN Prima iB
       Tabungan BTN Haji & Umroh iB       2 : 98                0,20%                   Tabungan BTN Haji & Umroh iB
       Tabungan Qurban BTN iB         15,50 : 84,50             1,55%                        Tabungan Qurban BTN iB
       Tabungan BTN Emas iB              25 : 75                2,50%                          Tabungan BTN Emas iB


                                                       2022

                                                               Tingkat
                                                            bagi hasil (%)/
                                      Nisbah (%)/           Profit sharing
                                       Ratio (%)               rate (%)
       Tabungan BTN Prima iB          10,50 : 89,50             1,03%                         Tabungan BTN Prima iB
       Tabungan BTN Haji & Umroh iB   15,50 : 84,50             1,52%                   Tabungan BTN Haji & Umroh iB
       Tabungan Qurban BTN iB         15,50 : 84,50             1,52%                        Tabungan Qurban BTN iB
       Tabungan BTN Emas iB              25 : 75                2,44%                          Tabungan BTN Emas iB




                                                      155
Page 607
                                                                                       The original financial statements included herein are in the
                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


20. DEPOSITO BERJANGKA                                                            20. TIME DEPOSITS
   a.    Tingkat suku bunga rata-rata per tahun untuk                                   a.     Average annual interest rates for time deposits
         deposito berjangka adalah sebagai berikut:                                            are as follows:
                                        31 Desember/               31 Desember/                31 Desember/
                                      December 31, 2024          December 31, 2023           December 31, 2022

        Rupiah                                                                                                                                     Rupiah
          1 bulan                                  3,58%                      4,19%                       2,86%                                   1 month
          3 bulan                                  5,50%                      4,93%                       3,13%                                  3 months
          6 bulan                                  5,57%                      4,71%                       3,13%                                  6 months
          12 bulan                                 3,28%                      3,59%                       3,03%                                 12 months
          24 bulan                                 2,83%                      4,96%                       4,51%                                 24 months

        Mata uang asing                            2,65%                      4,25%                       0,36%                         Foreign currencies


   b.    Rincian deposito berjangka berdasarkan mata                                    b.     The details of time deposits by currency and
         uang dan jangka waktu kontrak:                                                        contract period are as follows:
                                        31 Desember/                     31 Desember/                       31 Desember/
                                      December 31, 2024                December 31, 2023                  December 31, 2022

                                 Jumlah nosional                  Jumlah nosional                   Jumlah nosional
                                 mata uang asing                  mata uang asing/                  mata uang asing/
                                 Notional amount                  Notional amount                   Notional amount
                                   in foreign                        in foreign                       in foreign
                                   currencies      Ekuivalen/       currencies     Ekuivalen/         currencies       Ekuivalen/
                                 (angka penuh/     Equivalent     (angka penuh/    Equivalent       (angka penuh/      Equivalent
                                  full amount)      Rupiah         full amount)     Rupiah           full amount)       Rupiah

         Rupiah                                                                                                                                     Rupiah
           1 bulan                                  43.540.540                        42.852.585                        49.859.586             1 month
           3 bulan                                  66.320.320                        53.384.291                        49.971.583            3 months
           6 bulan                                  33.843.069                        19.375.655                        23.370.744            6 months
           12 bulan                                  3.585.531                        18.032.209                        10.416.465           12 months
           24 bulan                                     48.252                           285.408                        11.553.056           24 months

                                                   147.337.712                     133.930.148                         145.171.434

         Dolar Amerika Serikat                                                                                                           United States Dollar
            1 bulan                102.582.998       1.651.073       56.059.161          863.143        2.448.639           38.119              1 month
            3 bulan                262.208.207       4.220.241      244.021.914        3.757.205       56.778.006          883.892             3 months
            6 bulan                  5.076.257          81.702      137.882.149        2.122.971        5.083.726           79.141             6 months
            12 bulan                   183.065           2.946          287.521            4.427          473.642            7.373            12 months
            24 bulan                     1.000              16                -                -                -                -            12 months

                                                     5.955.978                         6.747.746                         1.008.525

         Dolar Singapura                                                                                                                    Singapore Dollar
            1 bulan                    123.716           1.465          186.901            2.182          104.900            1.216             1 months
            3 bulan                  1.173.618          13.901        1.161.570           13.563          453.603            5.259             3 months
            6 bulan                                          -                         1.000.000                            11.593             6 months

                                                        15.366                           15.745                             18.068

         Renminbi                                                                                                                                 Renminbi
           1 bulan                                           -                -                 -                 -                 -          1 months
           3 bulan                                           -                -                 -                 -                 -          3 months
           6 bulan                     143.036             315                -                 -                 -                 -          6 months

                                                           315                           15.745                             18.068

         Total                                     153.309.371                     140.693.639                         146.198.027                     Total




                                                                       156
Page 608
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


20. DEPOSITO BERJANGKA (lanjutan)                                                    20. TIME DEPOSITS (continued)

   c.    Rincian deposito berjangka berdasarkan mata                                        c.     Details of time deposits by currency and
         uang dan sisa umur hingga jatuh tempo:                                                    remaining period to maturity are as follows:
                                           31 Desember/                      31 Desember/                       31 Desember/
                                         December 31, 2024                 December 31, 2023                  December 31, 2022

                                    Jumlah nosional                   Jumlah nosional                   Jumlah nosional
                                    mata uang asing                   mata uang asing/                  mata uang asing/
                                    Notional amount                   Notional amount                   Notional amount
                                      in foreign                         in foreign                       in foreign
                                      currencies      Ekuivalen/        currencies     Ekuivalen/         currencies       Ekuivalen/
                                    (angka penuh/     Equivalent      (angka penuh/    Equivalent       (angka penuh/      Equivalent
                                     full amount)      Rupiah          full amount)     Rupiah           full amount)       Rupiah

         Rupiah                                                                                                                                            Rupiah
           ≤ 1 bulan                                   72.097.219                         85.190.601                        66.439.113              ≤ 1 month
           > 1 bulan ≤ 3 bulan                         46.512.423                         29.134.976                        37.434.888 > 1 month ≤ 3 months
           > 3 bulan ≤ 6 bulan                         25.146.713                          9.635.943                        20.558.238 > 3 months ≤ 6 months
           > 6 bulan ≤ 12 bulan                         3.481.815                          9.921.401                         9.195.878 > 6 months ≤ 12 months
           > 12 bulan ≤ 24 bulan                           99.541                             47.227                        11.543.318 > 12 months ≤ 24 months

                                                      147.337.711                      133.930.148                         145.171.435

         Dolar Amerika Serikat                                                                                                                 United States Dollar
            ≤ 1 bulan                                   1.822.992                          4.997.452                           186.307              ≤ 1 month
            > 1 bulan ≤ 3 bulan                         4.122.897                            906.749                           811.341 > 1 month ≤ 3 months
            > 3 bulan ≤ 6 bulan                             8.569                            448.970                             8.037 > 3 months ≤ 6 months
            > 6 bulan ≤ 12 bulan                            1.505                            394.575                             2.840 > 6 months ≤ 12 months
            > 12 bulan ≤ 24 bulan                              16                                  -                                 - > 12 months ≤ 24 months

                                                        5.955.979                          6.747.746                         1.008.525

         Dolar Singapura                                                                                                                             Singapore Dollar
            ≤ 1 bulan                                        1.465                            3.596                              1.216                 ≤ 1 month
            > 1 bulan ≤ 3 bulan                              6.060                           12.149                             11.055      > 1 month ≤ 3 months
            > 3 bulan ≤ 6 bulan                              7.841                                -                              5.796      > 1 month ≤ 3 months

                                                           15.366                            15.745                             18.067

         Renminbi                                                                                                                                United States Dollar
           ≤ 1 bulan                                          315                                   -                                   -             ≤ 1 month

                                                              315                                   -                                   -

         Total                                        153.309.371                      140.693.639                         146.198.027                         Total



   Deposito berjangka yang dijadikan jaminan atas                                           As of December 31, 2024, 2023 and 2022, time
   fasilitas kredit yang diberikan oleh Bank kepada                                         deposits amounting to Rp906,630, Rp704,548 and
   konsumennya pada tanggal 31 Desember 2024,                                               Rp1,040,402, respectively, are pledged as collateral
   2023 dan 2022 masing-masing sebesar Rp906.630,                                           for loans provided by the Bank to its customers
   Rp704.548 dan Rp1.040.402 (Catatan 11).                                                  (Note 11).

   Deposito berjangka dari pihak-pihak berelasi pada                                         As of December 31, 2024, 2023 and 2022, time
   tanggal 31 Desember 2024, 2023 dan 2022 masing-                                           deposits from depositors who are related parties
   masing sebesar Rp76.636.682, Rp76.717.583 dan                                             of the Bank amounted to Rp76.636.682,
   Rp79.389.842 (Catatan 44).                                                                Rp76,717,583 and Rp79,389,842, respectively
                                                                                             (Note 44).

   Dana Syirkah Temporer - Deposito Mudharabah                                               Temporary Syirkah Funds - Mudharabah Time
                                                                                             Deposits
   a.    Berdasarkan jangka waktu kontrak                                                   a.      By contractual period
                                        31 Desember/                   31 Desember/                31 Desember/
                                        December 31, 2024            December 31, 2023           December 31, 2022

        1 bulan                                   7.503.550                   7.144.730                  10.306.290                                        1 month
        3 bulan                                  11.437.586                   8.653.688                   5.096.193                                       3 months
        6 bulan                                   3.002.351                   3.245.297                   4.060.838                                       6 months
        12 bulan                                     42.695                   1.833.604                      58.587                                      12 months
        24 bulan                                        885                       6.238                       1.649                                      24 months

        Total                                    21.987.067                  20.883.557                  19.523.557                                            Total



                                                                           157
Page 609
                                                                                                 The original financial statements included herein are in the
                                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                    unless otherwise stated)


20. DEPOSITO BERJANGKA (lanjutan)                                                            20. TIME DEPOSITS (continued)

   Dana Syirkah Temporer - Deposito Mudharabah                                                     Temporary Syirkah Funds - Mudharabah Time
   (lanjutan)                                                                                      Deposits (continued)

   b.      Berdasarkan sisa umur jatuh tempo                                                       b.     By remaining period to maturity

                                          31 Desember/                      31 Desember/               31 Desember/
                                          December 31, 2024               December 31, 2023          December 31, 2022

         < 1 bulan                                      7.503.550                   7.144.730                  12.300.037                                       < 1 month
         > 1 bulan ≤ 3 bulan                           11.437.586                   8.653.688                   3.169.127                            > 1 month ≤ 3 months
         > 3 bulan ≤ 6 bulan                            3.002.351                   3.245.297                   4.025.968                           > 3 months ≤ 6 months
         > 6 bulan ≤ 12 bulan                              42.695                   1.833.604                      27.682                         > 6 months ≤ 12 months
         > 12 bulan ≤ 24 bulan                                885                       6.238                         743                        > 12 months ≤ 24 months

         Total                                         21.987.067                  20.883.557                  19.523.557                                          Total



   c.      Berdasarkan hubungan                                                                    c.     By relationship

                                             31 Desember/                   31 Desember/               31 Desember/
                                           December 31, 2024              December 31, 2023          December 31, 2022

         Pihak Ketiga                                  15.129.659                  11.975.188                  11.886.366                                   Third Parties
         Pihak Berelasi (Catatan 44)                    6.857.408                   8.908.369                   7.637.191                         Related Party (Note 44)

         Total                                         21.987.067                  20.883.557                  19.523.557                                          Total



   Deposito mudharabah merupakan investasi pihak                                                   Mudharabah time deposits represent investment
   lain yang mendapatkan imbalan bagi hasil dari                                                   from other parties who receive share in the income
   pendapatan atas penggunaan dana tersebut                                                        derived from the use of such funds based on a
   dengan       nisbah   yang  ditetapkan    dan                                                   predetermined and pre-agreed ratio.
   disetujui sebelumnya.

   Nisbah dan tingkat bagi hasil rata-rata untuk                                                   The average rate of ratio and profit sharing for
   deposito mudharabah untuk tahun yang berakhir                                                   mudharabah time deposits for the year ended
   pada tanggal 31 Desember 2024, 2023 dan 2022                                                    December 31, 2024, 2023 and 2022, are as follows:
   adalah sebagai berikut:

                                             31 Desember/                          31 Desember/                        31 Desember/
                                           December 31, 2024                     December 31, 2023                   December 31, 2022

                                      Tingkat                                 Tingkat                            Tingkat
                                   bagi hasil (%)/                         bagi hasil (%)/                    bagi hasil (%)/
                                    Nisbah (%)/          Profit sharing     Nisbah (%)/      Profit sharing    Nisbah (%)/      Profit sharing
                                     Ratio (%)             Ratio (%)         Ratio (%)          rate (%)        Ratio (%)          rate (%)

        1 bulan                        29,50 : 70,50            2,48%       29,50 : 70,50            2,95%      29,50 : 70,50            2,88%                    1 month
        3 bulan                        29,50 : 70,50            2,48%       29,50 : 70,50            2,95%      29,50 : 70,50            2,88%                   3 months
        6 bulan                        29,50 : 70,50            2,48%       29,50 : 70,50            2,95%      29,50 : 70,50            2,88%                   6 months
        12 bulan                       29,50 : 70,50            2,48%       29,50 : 70,50            2,95%      29,50 : 70,50            2,88%                  12 months
        24 bulan                       29,50 : 70,50            2,48%       29,50 : 70,50            2,95%            39 : 61            3,81%                  24 months

   Pada tanggal 31 Desember 2024, 2023 dan 2022                                                    As of December 31, 2024, 2023 and 2022, there
   tidak terdapat deposito mudharabah yang dijadikan                                               are no mudharabah time deposits which are
   jaminan.                                                                                        pledged as collateral.




                                                                                 158
Page 610
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


21. SIMPANAN DARI BANK LAIN                                               21. DEPOSITS FROM OTHER BANKS
   Tingkat suku bunga rata-rata per tahun untuk                                   Average annual interest rates for deposits from
   simpanan dari bank lain adalah sebagai berikut:                                other banks are as follows:
                                     31 Desember/          31 Desember/               31 Desember/
                                   December 31, 2024     December 31, 2023          December 31, 2022

    Giro                                      0,95%                    1,12%                         0,99%                             Demand Deposit
    Deposito                                  5,02%                    4,69%                         2,75%                                Time Deposits
    Inter-bank call money                     6,20%                    5,65%                         3,40%                        Inter-bank call money

   Rincian simpanan dari bank lain berdasarkan sisa                               Details of deposits from other banks by remaining
   umur sampai dengan saat jatuh tempo adalah                                     period to maturity are as follows:
   sebagai berikut:
                                                    31 Desember/December 31, 2024

                              ≤ 1 bulan/    > 1 - 3 bulan/   > 3 - 6 bulan/     > 6 - 12 bulan/
                                month          months           months             months                Total

   Rupiah                                                                                                                                     Rupiah
     Giro                          70.035                -                -                  -                70.035                Demand deposits

   Total                           70.035                -                -                      -            70.035                             Total


                                                    31 Desember/December 31, 2023

                              ≤ 1 bulan/    > 1 - 3 bulan/   > 3 - 6 bulan/     > 6 - 12 bulan/
                                month          months           months             months                Total

   Rupiah                                                                                                                                     Rupiah
     Giro                          91.312                -                -                  -                91.312                Demand deposits

   Total                           91.312                -                -                  -                91.312                             Total


                                                    31 Desember/December 31, 2022

                              ≤ 1 bulan/    > 1 - 3 bulan/   > 3 - 6 bulan/     > 6 - 12 bulan/
                                month          months           months             months                Total

   Rupiah                                                                                                                                     Rupiah
     Giro                         136.408                -                -                  -            136.408                   Demand deposits

  Total                           136.408                -                -                  -            136.408                                Total


   Simpanan dari bank lain yang termasuk pihak-pihak                              As of December 31, 2024, 2023 and 2022, deposits
   berelasi pada 31 Desember 2024, 2023 dan 2022                                  from other banks which are related parties of the
   masing-masing sebesar RpNihil.                                                 Bank amounted to RpNil, respectively.
   Pada tanggal 31 Desember 2024, 2023 dan 2022,                                  As of December 31, 2024, 2023 and 2022, there are
   tidak terdapat simpanan dari bank lain yang                                    no deposits from other banks which are pledged as
   dijadikan jaminan.                                                             collateral.
   Dana Syirkah Temporer - Simpanan Dari Bank Lain                                Temporary Syirkah Funds - Deposits From Other
                                                                                  Banks
   Akun ini terdiri dari:                                                         This account consists of:
                                     31 Desember/          31 Desember/               31 Desember/
                                   December 31, 2024     December 31, 2023          December 31, 2022

    Pihak Ketiga                                                                                                                          Third Parties
       Rupiah                                                                                                                               Rupiah
       Tabungan Mudharabah                    21.730                   14.781                        19.674             Mudharabah Saving deposits
       Giro Mudharabah                         9.214                    4.154                            56            Mudharabah Current accounts
       Deposito berjangka Mudharabah             300                    4.300                        19.089              Mudharabah Time deposits

    Total                                     31.244                   23.235                        38.819                                      Total




                                                                159
Page 611
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


21. SIMPANAN DARI BANK LAIN (lanjutan)                                                     21. DEPOSITS FROM OTHER BANKS (continued)

   Dana Syirkah Temporer - Simpanan Dari Bank Lain                                                Temporary Syirkah Funds - Deposits From Other
   (lanjutan)                                                                                     Banks (continued)

   Simpanan bank lain berdasarkan dana syirkah                                                     Deposits from other banks based on temporary
   temporer yang termasuk pihak-pihak berelasi pada                                                syirkah funds which are related parties of the Bank
   tanggal 31 Desember 2024, 2023 dan 2022 masing-                                                 as of December 31, 2024, 2023 and 2022
   masing sebesar RpNihil.                                                                         amounted to RpNil, respectively.
   Tabungan dan giro Mudharabah merupakan                                                          Mudharabah savings deposits and current account
   simpanan dana pihak lain yang mendapatkan                                                       represent deposits from third parties who receive a
   imbalan bagi hasil dari pendapatan Bank atas                                                    share in the revenue earned by the Bank from the
   penggunaan dana tersebut dengan nisbah yang                                                     use of such funds based on a pre-determined and
   ditetapkan dan disetujui sebelumnya.                                                            pre-agreed ratio.
   Deposito Mudharabah merupakan investasi pihak                                                   Mudharabah time deposits represent investment
   lain yang mendapatkan imbalan bagi hasil dari                                                   from other parties who receive share in the income
   pendapatan atas penggunaan dana tersebut                                                        derived from the use of such funds based on a
   dengan nisbah yang ditetapkan dan disetujui                                                     predetermined and pre-agreed ratio.
   sebelumnya.
   Berdasarkan tingkat suku bunga dan bagi hasil per                                              By annual interest rates and profit sharing:
   tahun:
                                                 31 Desember/                31 Desember/              31 Desember/
                                               December 31, 2024           December 31, 2023         December 31, 2022

     Giro mudharabah                                          0.85%                    1,28%                          1,37%               Mudharabah demand deposits
     Tabungan mudharabah                                      1.00%                    3,42%                          1,03%                Mudharabah saving deposits
     Deposito berjangka mudharabah                            2.48%                    2,95%                          2,88%                  MudharabahTime deposits

   Pada tanggal 31 Desember 2024, 2023 dan 2022,                                                   As of December 31, 2024, 2023 and 2022, there are
   tidak terdapat simpanan dari bank lain mudharabah                                               no mudharabah deposits from other banks which
   yang dijadikan jaminan.                                                                         are pledged as collateral.


22. EFEK-EFEK YANG DIJUAL DENGAN JANJI                                                    22. SECURITIES SELL UNDER AGREEMENT TO
    DIBELI KEMBALI                                                                            REPURCHASED

   Rincian efek-efek yang dijual dengan janji dibeli                                              The details of securities sold under repurchase
   Kembali adalah sebagai berikut:                                                                agreements with third parties are as follows:
                                                                      31 Desember/December 31, 2024

                                   Jenis                                                                Tanggal                         yang Belum
                                   Surat             Suku         Nilai                                Pembelian        Harga Pembelian Diamortisasi/        Nilai
                                  Berharga/         Bunga/      Nominal/       Tanggal Dimulai/         Kembali/          Kembali/      Unamortized        Tercatat/
           Nasabah/               Type of          Interest     Nominal        Commencement            Repurchase        Repurchase        Interest        Carrying
           Customer               Securities         rate       Amount             Date                   Date              Price          Expense          Value

   Pihak Ketiga/Third parties
   Hongkong and Shanghai            FR0104          6,35%        60.000       31 Desember/            7 Januari/                55.969               59        55.910
       Banking Corporation                                                  December 31, 2024       January 7, 2025
   Bank Indonesia                   FR0056          6,25%     1.000.000       31 Desember/            7 Januari/               996.394            1.037       995.358
                                                                            December 31, 2024      January 7, 2025
   Bank Indonesia                   FR0059          6,25%     1.000.000       31 Desember/            7 Januari/               958.719              997       957.721
                                                                            December 31, 2024      January 7, 2025
   National nobu Bank           IDSR140525364S     6,20%        300.000       31 Desember/            2 Januari/               291.930               50       291.880
                                                                            December 31, 2024      January 2, 2025
   Bank Pembangunan             IDSR300525364S     6,20%        150.000       31 Desember/            2 Januari/               145.540               25       145.515
       Sulut Gorontalo                                                      December 31, 2024      January 2, 2025

   Pihak Berelasi/Related parties

   PT Bank Rakyat               IDSR110625364S      6,15%       500.000       31 Desember/            2 Januari/               484.192               83       484.109
       Indonesia                                                            December 31, 2024      January 2, 2025
   PT Bank Rakyat               IDSR080825364S      6,15%       500.000       31 Desember/            2 Januari/               479.015               82       478.933
       Indonesia                                                            December 31, 2024      January 2, 2025

   Total                                                       3.510.000                                                      3.411.759           2.333      3.409.426




                                                                                 160
Page 612
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


23. LIABILITAS AKSEPTASI                                                23. ACCEPTANCES PAYABLE
    Rincian liabilitas akseptasi kepada nasabah adalah                         The details of acceptances payable from customers
    sebagai berikut:                                                           are as follows:
    a. Berdasarkan Jenis dan Mata Uang                                        a.     By Type and Currency
                                      31 Desember/        31 Desember/               31 Desember/
                                    December 31, 2024   December 31, 2023          December 31, 2022

      Rupiah                                                                                                                       Rupiah
      Pihak ketiga                                                                                                           Third Parties
      Surat Kredit Berdokumen                                                                                         Domestic Document
      Dalam Negeri (SKBDN)                   251.423              320.522                   294.876                      Letter of Credit
         Letter of Credit                          -                    -                     7.161                      Letter of Credit
      Pihak berelasi (Catatan 44)                                                                                 Related parties (Note 44)
         Surat Kredit Berdokumen                                                                                   Domestic Document
         Dalam Negeri (SKBDN)                690.475              224.045                   118.525                     Letter of Credit

           Total                             941.898              544.567                   420.562                                  Total

    b. Berdasarkan Jangka Waktu:                                              b.      By Period
                                      31 Desember/        31 Desember/               31 Desember/
                                    December 31, 2024   December 31, 2023          December 31, 2022

      < 1 bulan                               96.814              362.394                    80.697                             < 1 month
      > 1 bulan - 3 bulan                    724.495               27.223                    49.568                  > 1 month - 3 months
      > 3 bulan - 1 tahun                    120.589              154.950                   290.297                    > 3 months - 1 year

      Total                                  941.898              544.567                   420.562                                  Total



24. SURAT-SURAT                 BERHARGA                YANG            24. SECURITIES ISSUED
    DITERBITKAN
                                      31 Desember/        31 Desember/               31 Desember/
                                    December 31, 2024   December 31, 2023          December 31, 2022

  Rupiah                                                                                                                            Rupiah
  Long Term Note Yang Dilakukan Tanpa                                                                            Long Term Notes Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2021 Tahap I                                                                                       Negara 2021 Phase I
       Pihak berelasi (Catatan 44)             8.214                  8.872                   9.529            Related parties (Note 44)

  Long Term Note II Yang Dilakukan Tanpa                                                                        Long Term Notes II Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2022 Seri A                                                                                       Negara 2022 Series A
       Pihak berelasi (Catatan 44)            40.202                 43.552                  46.903            Related parties (Note 44)
  Long Term Note II Yang Dilakukan Tanpa                                                                        Long Term Notes II Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2022 Seri B                                                                                       Negara 2022 Series B
       Pihak berelasi (Catatan 44)            67.270                 72.652                  78.033            Related parties (Note 44)
  Long Term Note III Yang Dilakukan Tanpa                                                                      Long Term Notes III Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2022 Tahap I                                                                                       Negara 2022 Phase I
       Pihak berelasi (Catatan 44)           181.781              196.324                   210.866            Related parties (Note 44)
  Long Term Note III Yang Dilakukan Tanpa                                                                      Long Term Notes III Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2022 Tahap II                                                                                     Negara 2022 Phase II
       Pihak berelasi (Catatan 44)           112.773              121.979                   131.185            Related parties (Note 44)
  Long Term Note IV Yang Dilakukan Tanpa                                                                       Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2023 Tahap I                                                                                       Negara 2023 Phase I
       Pihak berelasi (Catatan 44)            32.635                 35.245                       -            Related parties (Note 44)
  Long Term Note IV Yang Dilakukan Tanpa                                                                       Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                               Private Placement Bank Tabungan
    Negara Tahun 2023 Tahap II                                                                                     Negara 2023 Phase II
       Pihak berelasi (Catatan 44)           368.607              397.517                         -            Related parties (Note 44)




                                                               161
Page 613
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


24. SURAT-SURAT         BERHARGA                          YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

                                        31 Desember/        31 Desember/             31 Desember/
                                      December 31, 2024   December 31, 2023        December 31, 2022

  Rupiah (lanjutan)                                                                                                        Rupiah (continued)
  Long Term Note IV Yang Dilakukan Tanpa                                                                          Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                                  Private Placement Bank Tabungan
    Negara Tahun 2023 Tahap III Seri A                                                                      Negara 2023 Phase III Series A
       Pihak berelasi (Catatan 44)               5.826                  6.242                       -             Related parties (Note 44)
  Long Term Note IV Yang Dilakukan Tanpa                                                                          Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                                  Private Placement Bank Tabungan
    Negara Tahun 2023 Tahap III Seri B                                                                      Negara 2023 Phase III Series B
       Pihak berelasi (Catatan 44)             217.789              234.542                         -             Related parties (Note 44)
  Long Term Note IV Yang Dilakukan Tanpa                                                                          Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                                  Private Placement Bank Tabungan
    Negara Tahun 2024 Tahap IV                                                                                       Negara 2024 Phase IV
       Pihak berelasi (Catatan 44)             196.216                      -                       -             Related parties (Note 44)
  Long Term Note IV Yang Dilakukan Tanpa                                                                          Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                                  Private Placement Bank Tabungan
    Negara Tahun 2024 Tahap V                                                                                         Negara 2024 Phase V
       Pihak berelasi (Catatan 44)             307.193                      -                       -             Related parties (Note 44)

  Long Term Note IV Yang Dilakukan Tanpa                                                                          Long Term Notes IV Through
    Melalui Penawaran Umum Bank Tabungan                                                                  Private Placement Bank Tabungan
    Negara Tahun 2024 Tahap VI                                              -                                        Negara 2024 Phase VI
       Pihak berelasi (Catatan 44)             147.909                                              -             Related parties (Note 44)
  Sukuk Mudharabah                                                                                                        Sukuk Mudharabah
    Bank Tabungan Negara                                                                                            Bank Tabungan Negara
    Tahun 2023 Tahap I                                                                                                         2023 Phase I
       Pihak berelasi (Catatan 44)              83.822                 90.807                       -            Related parties (Note 44)
  Sukuk Mudharabah                                                                                                        Sukuk Mudharabah
    Bank Tabungan Negara                                                                                            Bank Tabungan Negara
    Tahun 2023 Tahap II                                                                                                       2023 Phase II
       Pihak berelasi (Catatan 44)             161.574              175.039                         -            Related parties (Note 44)

  Sukuk Mudharabah                                                                                                        Sukuk Mudharabah
    Bank Tabungan Negara                                                                                            Bank Tabungan Negara
    Tahun 2024 Tahap III                                                                                                     2024 Phase III
       Pihak berelasi (Catatan 44)              79.428                                              -            Related parties (Note 44)

  Sukuk Mudharabah                                                                                                        Sukuk Mudharabah
    Bank Tabungan Negara                                                                                            Bank Tabungan Negara
    Tahun 2024 Tahap IV                                                                                                      2024 Phase IV
       Pihak berelasi (Catatan 44)              52.444                      -                       -            Related parties (Note 44)
  Obligasi Berkelanjutan IV Tahap I
       setelah dikurangi biaya emisi yang                                                                        Continuing Bonds IV Phase I
       belum diamortisasi masing-masing                                                                    net of unamortized issuance cost
       sebesar Rp97, Rp310 dan Rp1.366                                                               amounted to Rp97, Rp310 and Rp1,366
       pada tanggal 31 Desember 2024                                                                                as of December 31,2024
       2023 dan 2022                                                                                            2023 and 2022, respectively
       Pihak ketiga                             68.966               80.872                  508.247                            Third parties
       Pihak berelasi (Catatan 44)             126.937              114.818                  413.387               Related parties (Note 44)

  Obligasi Berkelanjutan IV Tahap II
       setelah dikurangi biaya emisi yang                                                                      Continuing Bonds IV Phase II
       belum diamortisasi masing-masing                                                                   net of unamortized issuance cost
       sebesar Rp633, Rp1.274 dan Rp1.909                                                         amounted to Rp633, Rp1,274 and Rp1,909
       pada tanggal 31 Desember 2024                                                                              as of December 31, 2024,
       2023 dan 2022                                                                                           2023 and 2022, respectively
       Pihak ketiga                            536.660              627.200                  748.568                           Third parties
       Pihak berelasi (Catatan 44)             462.707              371.526                  249.523              Related parties (Note 44)

  Obligasi Berkelanjutan III Tahap II
       setelah dikurangi biaya emisi yang                                                                      Continuing Bonds III Phase II
       belum diamortisasi masing-masing                                                                  net of unamortized issuance cost
       sebesar RpNihil, Rp127 dan Rp604                                                              amounted to RpNil, Rp127 and Rp604
       pada tanggal 31 Desember 2024                                                                             as of December 31, 2024,
       2023 dan 2022                                                                                          2023 and 2022, respectively
       Pihak ketiga                                  -              279.470                  454.275                           Third parties
       Pihak berelasi (Catatan 44)                   -              939.903                  764.621              Related parties (Note 44)


                                                                 162
Page 614
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


24. SURAT-SURAT         BERHARGA                           YANG          24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

                                        31 Desember/         31 Desember/           31 Desember/
                                      December 31, 2024    December 31, 2023      December 31, 2022

  Rupiah (lanjutan)                                                                                                       Rupiah (continued)
    Obligasi Berkelanjutan III Tahap I
       setelah dikurangi biaya emisi yang                                                                       Continuing Bonds III Phase I
       belum diamortisasi masing-masing                                                                  net of unamortized issuance cost
       sebesar Rp460, Rp743 dan Rp1.298                                                           amounted to Rp460, Rp743 and Rp1,298
       pada tanggal 31 Desember 2024                                                                             as of December 31, 2024,
       2023 dan 2022                                                                                          2023 and 2022, respectively
       Pihak ketiga                              208.431             274.409                791.541                            Third parties
       Pihak berelasi (Catatan 44)             1.177.109           1.963.848              1.446.161               Related parties (Note 44)

    Obligasi Berkelanjutan II Tahap I
      setelah dikurangi biaya emisi yang                                                                         Continuing Bonds II Phase I
      belum diamortisasi masing-masing                                                                    net of unamortized issuance cost
      sebesar Rp30, Rp170 dan Rp497                                                                   amounted to Rp30, Rp170 and Rp497
      pada tanggal 31 Desember 2024                                                                               as of December 31, 2024,
      2023 dan 2022                                                                                            2023 and 2022, respectively
      Pihak ketiga                               30.001               29.994                182.886                             Third parties
      Pihak berelasi (Catatan 44)               770.030              769.837                616.616                Related parties (Note 44)

    Obligasi Berkelanjutan I Tahap II
      setelah dikurangi biaya emisi yang                                                                         Continuing Bonds I Phase II
      belum diamortisasi masing-masing                                                                    net of unamortized issuance cost
      sebesar RpNihil, RpNihil dan Rp81                                                                 amounted to RpNil, RpNil and Rp81
      pada tanggal 31 Desember 2024                                                                               as of December 31, 2024,
      2023 dan 2022                                                                                            2023 and 2022, respectively
      Pihak ketiga                                     -                   -              1.611.735                             Third parties
      Pihak berelasi (Catatan 44)                      -                   -                388.184                Related parties (Note 44)

    Negotiable Certificate of Deposits (NCD)
      setelah dikurangi diskonto                                                                     Negotiable Certificate of Deposits (NCD)
      masing-masing sebesar                                                                                   net of discounts amounted to
      RpNihil, Rp62.549, RpNihil,                                                                                  RpNil, Rp62.549, RpNil
      pada tanggal 31 Desember 2024,                                                                             as of December 31, 2024,
      2023 dan 2022                                                                                            2023 and 2022, respectively
      Pihak ketiga                                     -           1.111.628                       -                            Third parties
      Pihak berelasi (Catatan 44)                      -             325.822                       -              Related parties (Note 44)

    Total                                      5.444.524           8.272.098              8.652.260                                    Total




                                                                  163
Page 615
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


24. SURAT-SURAT         BERHARGA                  YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   i.    Long Term Note Yang Dilakukan Tanpa Melalui                i.    Long Term Notes Through Private Placement
         Penawaran Umum Bank Tabungan Negara                              Bank Tabungan Negara 2021 Phase I
         Tahun 2021 Tahap I

         Bank menerbitkan Long Term Note (LTN) Yang                       The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                           Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2021 Tahap I                          Year 2021 Phase I with a total nominal value of
         dengan jumlah nilai nominal sebesar Rp10.186.                    Rp10,186. Such LTN were issued at 100% of
         LTN tersebut diterbitkan senilai 100% dari nilai                 their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                            rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                       amortized principal and will mature on June 17,
         tiga bulanan berikut amortisasi pokok dan akan                   2037. The payment agent for LTN is
         jatuh tempo pada tanggal 17 Juni 2037.                           PT Kustodian Sentral Efek Indonesia (KSEI).
         PT Kustodian Sentral Efek Indonesia (KSEI)                       LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                            The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                           bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                             Perumahan Rakyat (Tapera) loans.
         (Tapera).

   ii.   Long Term Note II Yang Dilakukan Tanpa                     ii.   Long Term Notes II Through Private Placement
         Melalui Penawaran Umum Bank Tabungan                             Bank Tabungan Negara 2022 Series A
         Negara Tahun 2022 Seri A

         Bank menerbitkan Long Term Note (LTN) Yang                       The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                           Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2022 dengan                           Year 2022 with a total nominal value of
         jumlah nilai nominal sebesar Rp47.740. LTN                       Rp47,740. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                     their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                            rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                       amortized principal and will mature on October
         tiga bulanan berikut amortisasi pokok dan akan                   12, 2036. The payment agent for LTN is
         jatuh tempo pada tanggal 12 Oktober 2036.                        PT Kustodian Sentral Efek Indonesia (KSEI).
         PT Kustodian Sentral Efek Indonesia (KSEI)                       LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                            The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                           bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                             Perumahan Rakyat (Tapera) loans.
         (Tapera).




                                                            164
Page 616
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


24. SURAT-SURAT         BERHARGA                 YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   iii.   Long Term Note II Yang Dilakukan Tanpa                   iii.   Long Term Notes II Through Private Placement
          Melalui Penawaran Umum Bank Tabungan                            Bank Tabungan Negara 2022 Series B
          Negara Tahun 2022 Seri B

          Bank menerbitkan Long Term Note (LTN) Yang                      The Bank issued Long Term Notes (LTN) Bank
          Dilakukan Tanpa Melalui Penawaran Umum                          Tabungan Negara Through Private Placement
          Bank Tabungan Negara Tahun 2022 dengan                          Year 2022 with a total nominal value of
          jumlah nilai nominal sebesar Rp79.379. LTN                      Rp79,379. Such LTN were issued at 100% of
          tersebut diterbitkan senilai 100% dari nilai                    their nominal value with an annual fixed interest
          nominalnya dengan tingkat bunga tetap                           rate of 0.55%, payable every three months with
          tahunan sebesar 0,55% yang dibayarkan tiap                      amortized principal and will mature on April 12,
          tiga bulanan berikut amortisasi pokok dan akan                  2037. The payment agent for LTN is
          jatuh tempo pada tanggal 12 April 2037.                         PT Kustodian Sentral Efek Indonesia (KSEI).
          PT Kustodian Sentral Efek Indonesia (KSEI)                      LTN were not rated.
          bertindak sebagai agen pembayaran. LTN ini
          tidak dilakukan pemeringkatan.

          Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
          tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
          pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
          (Tapera).


   iv.    Long Term Note III Yang Dilakukan Tanpa                     iv. Long Term Notes III Through Private
          Melalui Penawaran Umum Bank Tabungan                            Placement Bank Tabungan Negara 2022
          Negara Tahun 2022 Tahap I                                       Phase I

          Bank menerbitkan Long Term Note (LTN) Yang                      The Bank issued Long Term Notes (LTN) Bank
          Dilakukan Tanpa Melalui Penawaran Umum                          Tabungan Negara Through Private Placement
          Bank Tabungan Negara Tahun 2022 dengan                          Year 2022 with a total nominal value of
          jumlah nilai nominal sebesar Rp210.866. LTN                     Rp210,866. Such LTN were issued at 100% of
          tersebut diterbitkan senilai 100% dari nilai                    their nominal value with an annual fixed interest
          nominalnya dengan tingkat bunga tetap                           rate of 0.55%, payable every three months with
          tahunan sebesar 0,55% yang dibayarkan tiap                      amortized principal and will mature on June 14,
          tiga bulanan berikut amortisasi pokok dan akan                  2037. The payment agent for LTN is
          jatuh tempo pada tanggal 14 Juni 2037.                          PT Kustodian Sentral Efek Indonesia (KSEI).
          PT Kustodian Sentral Efek Indonesia (KSEI)                      LTN were not rated.
          bertindak sebagai agen pembayaran. LTN ini
          tidak dilakukan pemeringkatan.

          Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
          tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
          pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
          (Tapera).




                                                           165
Page 617
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


24. SURAT-SURAT         BERHARGA                YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   v.    Long Term Note III Yang Dilakukan Tanpa                  v.      Long Term Notes III Through Private Placement
         Melalui Penawaran Umum Bank Tabungan                             Bank Tabungan Negara 2022 Phase II
         Negara Tahun 2022 Tahap II

         Bank menerbitkan Long Term Note (LTN) Yang                       The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                           Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2022 dengan                           Year 2022 with a total nominal value of
         jumlah nilai nominal sebesar Rp131.185. LTN                      Rp131,185. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                     their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                            rate of 0.55%, payable every three months with
         tahunan sebesar 0,55% yang dibayarkan tiap                       amortized principal and will mature on March
         tiga bulanan berikut amortisasi pokok dan akan                   28, 2037. The payment agent for LTN is
         jatuh tempo pada tanggal 28 Maret 2037.                          PT Kustodian Sentral Efek Indonesia (KSEI).
         PT Kustodian Sentral Efek Indonesia (KSEI)                       LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                            The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                           bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                             Perumahan Rakyat (Tapera) loans.
         (Tapera).

   vi.   Long Term Note IV Yang Dilakukan Tanpa                        vi. Long Term Notes IV Through Private Placement
         Melalui Penawaran Umum Bank Tabungan                              Bank Tabungan Negara 2023 Phase I
         Negara Tahun 2023 Tahap I

         Bank menerbitkan Long Term Note (LTN) Yang                       The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                           Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2023 dengan                           Year 2023 with a total nominal value of
         jumlah nilai nominal sebesar Rp35.898. LTN                       Rp35,898. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                     their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                            rate of 0.55%, payable every three months with
         tahunan sebesar 0,55% yang dibayarkan tiap                       amortized principal and will mature on April 28,
         tiga bulanan berikut amortisasi pokok dan akan                   2037. The payment agent for LTN is
         jatuh tempo pada tanggal 28 April 2037.                          PT Kustodian Sentral Efek Indonesia (KSEI).
         PT Kustodian Sentral Efek Indonesia (KSEI)                       LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                            The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                           bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                             Perumahan Rakyat (Tapera) loans.
         (Tapera).




                                                          166
Page 618
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


24. SURAT-SURAT         BERHARGA              YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   vii. Long Term Note IV Yang Dilakukan Tanpa                   vii. Long Term Notes IV Through Private Placement
        Melalui Penawaran Umum Bank Tabungan                          Bank Tabungan Negara 2023 Phase II
        Negara Tahun 2023 Tahap II

      Bank menerbitkan Long Term Note (LTN) Yang                      The Bank issued Long Term Notes (LTN) Bank
      Dilakukan Tanpa Melalui Penawaran Umum                          Tabungan Negara Through Private Placement
      Bank Tabungan Negara Tahun 2023 dengan                          Year 2023 with a total nominal value of
      jumlah nilai nominal sebesar Rp404.745. LTN                     Rp404,745. Such LTN were issued at 100% of
      tersebut diterbitkan senilai 100% dari nilai                    their nominal value with an annual fixed interest
      nominalnya dengan tingkat bunga tetap                           rate of 1.37%, payable every three months with
      tahunan sebesar 1,37% yang dibayarkan tiap                      amortized principal and will mature on
      tiga bulanan berikut amortisasi pokok dan akan                  September 15, 2037. The payment agent for
      jatuh tempo pada tanggal 15 September 2037.                     LTN is PT Kustodian Sentral Efek Indonesia
      PT Kustodian Sentral Efek Indonesia (KSEI)                      (KSEI). LTN were not rated.
      bertindak sebagai agen pembayaran. LTN ini
      tidak dilakukan pemeringkatan.

      Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
      tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
      pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
      (Tapera).

   viii. Long Term Note IV Yang Dilakukan Tanpa                  viii. Long Term Notes IV Through Private Placement
         Melalui Penawaran Umum Bank Tabungan                          Bank Tabungan Negara 2023 Phase III
         Negara Tahun 2023 Tahap III Seri A                            Series A

       Bank menerbitkan Long Term Note (LTN) Yang                     The Bank issued Long Term Notes (LTN) Bank
       Dilakukan Tanpa Melalui Penawaran Umum                         Tabungan Negara Through Private Placement
       Bank Tabungan Negara Tahun 2023 dengan                         Year 2023 with a total nominal value of
       jumlah nilai nominal sebesar Rp6.242. LTN                      Rp6,242. Such LTN were issued at 100% of
       tersebut diterbitkan senilai 100% dari nilai                   their nominal value with an annual fixed interest
       nominalnya dengan tingkat bunga tetap                          rate of 0.55%, payable every three months with
       tahunan sebesar 0,55% yang dibayarkan tiap                     amortized principal and will mature on
       tiga bulanan berikut amortisasi pokok dan akan                 December 27, 2038. The payment agent for
       jatuh tempo pada tanggal 27 Desember 2038.                     LTN is PT Kustodian Sentral Efek Indonesia
       PT Kustodian Sentral Efek Indonesia (KSEI)                     (KSEI). LTN were not rated.
       bertindak sebagai agen pembayaran. LTN ini
       tidak dilakukan pemeringkatan.

      Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
      tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
      pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
      (Tapera).




                                                        167
Page 619
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


24. SURAT-SURAT         BERHARGA                YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   ix.   Long Term Note IV Yang Dilakukan Tanpa                    ix. Long Term Notes IV Through Private Placement
         Melalui Penawaran Umum Bank Tabungan                          Bank Tabungan Negara 2023 Phase III Series
         Negara Tahun 2023 Tahap III Seri B                            B

         Bank menerbitkan Long Term Note (LTN) Yang                     The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                         Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2023 dengan                         Year 2023 with a total nominal value of
         jumlah nilai nominal sebesar Rp234.542. LTN                    Rp234,542. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                   their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                          rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                     amortized principal and will mature on
         tiga bulanan berikut amortisasi pokok dan akan                 December 27, 2037. The payment agent for
         jatuh tempo pada tanggal 27 Desember 2037.                     LTN is PT Kustodian Sentral Efek Indonesia
         PT Kustodian Sentral Efek Indonesia (KSEI)                     (KSEI). LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                          The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                         bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                           Perumahan Rakyat (Tapera) loans.
         (Tapera).

   x.    Long Term Note IV Yang Dilakukan Tanpa                   x.    Long Term Notes IV Through Private
         Melalui Penawaran Umum Bank Tabungan                           Placement Bank Tabungan Negara 2024 Phase
         Negara Tahun 2024 Tahap IV                                     IV

         Bank menerbitkan Long Term Note (LTN) Yang                     The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                         Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2024 dengan                         Year 2024 with a total nominal value of
         jumlah nilai nominal sebesar Rp203.351. LTN                    Rp203.351. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                   their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                          rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                     amortized principal and will mature on August 7,
         tiga bulanan berikut amortisasi pokok dan akan                 2038. The payment agent for LTN is
         jatuh tempo pada tanggal 7 Agustus 2038.                       PT Kustodian Sentral Efek Indonesia (KSEI).
         PT Kustodian Sentral Efek Indonesia (KSEI)                     LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                          The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                         bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                           Perumahan Rakyat (Tapera) loans.
         (Tapera).




                                                          168
Page 620
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


24. SURAT-SURAT         BERHARGA                YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   xi.   Long Term Note IV Yang Dilakukan Tanpa                   xi.    Long Term Notes IV Through Private
         Melalui Penawaran Umum Bank Tabungan                            Placement Bank Tabungan Negara 2024 Phase
         Negara Tahun 2024 Tahap V                                       V

         Bank menerbitkan Long Term Note (LTN) Yang                      The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                          Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2024 dengan                          Year 2024 with a total nominal value of
         jumlah nilai nominal sebesar Rp312.678. LTN                     Rp312.678. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                    their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                           rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                      amortized principal and will mature on
         tiga bulanan berikut amortisasi pokok dan akan                  December 27, 2038. The payment agent for
         jatuh tempo pada tanggal 27 Desember 2038.                      LTN is PT Kustodian Sentral Efek Indonesia
         PT Kustodian Sentral Efek Indonesia (KSEI)                      (KSEI). LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
         (Tapera).

   xii. Long Term Note IV Yang Dilakukan Tanpa                    xii.   Long Term Notes IV Through Private
        Melalui Penawaran Umum Bank Tabungan                             Placement Bank Tabungan Negara 2024 Phase
        Negara Tahun 2024 Tahap VI                                       VI

         Bank menerbitkan Long Term Note (LTN) Yang                      The Bank issued Long Term Notes (LTN) Bank
         Dilakukan Tanpa Melalui Penawaran Umum                          Tabungan Negara Through Private Placement
         Bank Tabungan Negara Tahun 2024 dengan                          Year 2024 with a total nominal value of
         jumlah nilai nominal sebesar Rp147.909. LTN                     Rp147.909. Such LTN were issued at 100% of
         tersebut diterbitkan senilai 100% dari nilai                    their nominal value with an annual fixed interest
         nominalnya dengan tingkat bunga tetap                           rate of 1.37%, payable every three months with
         tahunan sebesar 1,37% yang dibayarkan tiap                      amortized principal and will mature on
         tiga bulanan berikut amortisasi pokok dan akan                  December 23, 2038. The payment agent for
         jatuh tempo pada tanggal 23 Desember 2038.                      LTN is PT Kustodian Sentral Efek Indonesia
         PT Kustodian Sentral Efek Indonesia (KSEI)                      (KSEI). LTN were not rated.
         bertindak sebagai agen pembayaran. LTN ini
         tidak dilakukan pemeringkatan.

         Penerimaan bersih dari penerbitan LTN                           The net proceeds from the issuance of the
         tersebut  digunakan  untuk  penyaluran                          bonds were used to finance Tabungan
         pembiayaan Tabungan Perumahan Rakyat                            Perumahan Rakyat (Tapera) loans.
         (Tapera).




                                                          169
Page 621
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


24. SURAT-SURAT         BERHARGA             YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   xiii. Sukuk Mudharabah Bank Tabungan Negara                 xiii. Sukuk Mudharabah Bank Tabungan Negara
         Tahun 2023 Tahap I                                          2023 Phase I

      Bank menerbitkan Sukuk Mudharabah Jangka                       The Bank issued Long Term Sukuk
      Panjang Yang Dilakukan Tanpa Melalui                           Mudharabah Bank Tabungan Negara Through
      Penawaran Umum Bank Tabungan Negara                            Private Placement Year 2023 Phase I with a
      Tahun 2023 tahap I dengan jumlah nilai                         total nominal value of Rp92,553. Such Sukuk
      nominal sebesar Rp92.553. Sukuk tersebut                       were issued at 100% of their nominal value with
      diterbitkan senilai 100% dari nilai nominalnya                 a profit-sharing ratio of 11.00% which is
      dengan dengan nisbah bagi hasil sebesar                        calculated from profit sharing income with
      11,00% yang dihitung dari pendapatan bagi                      indication of an equivalent of 0.55%, payable
      hasil dengan indikasi bagi hasil sebesar                       every year with amortized sukuk and will mature
      ekuivalen sebesar 0,55% per tahun yang                         on October 28, 2036. The payment agent for
      dibayarkan tiap tahun berikut amortisasi dana                  Sukuk is PT Kustodian Sentral Efek Indonesia
      sukuk dan akan jatuh tempo pada tanggal 28                     (KSEI). Sukuk were not rated.
      Oktober 2036. PT Kustodian Sentral Efek
      Indonesia (KSEI) bertindak sebagai agen
      pembayaran. Sukuk ini tidak dilakukan
      pemeringkatan.

      Penerimaan bersih dari penerbitan Sukuk                        The net proceeds from the issuance of the
      tersebut   digunakan     untuk penyaluran                      bonds were used to Sharia finance Tabungan
      pembiayaan Syariah Tabungan Perumahan                          Perumahan Rakyat (Sharia Tapera) loans.
      Rakyat (Syariah Tapera).

   xiv. Sukuk Mudharabah Bank Tabungan Negara                  xiv. Sukuk Mudharabah Bank Tabungan Negara
        Tahun 2023 Tahap II                                         2023 Phase II

      Bank menerbitkan Sukuk Mudharabah Jangka                       The Bank issued Long Term Sukuk
      Panjang Yang Dilakukan Tanpa Melalui                           Mudharabah Bank Tabungan Negara Through
      Penawaran Umum Bank Tabungan Negara                            Private Placement Year 2023 Phase II with a
      Tahun 2023 tahap II dengan jumlah nilai                        total nominal value of Rp175,039. Such Sukuk
      nominal sebesar Rp175.039. Sukuk tersebut                      were issued at 100% of their nominal value with
      diterbitkan senilai 100% dari nilai nominalnya                 a profit-sharing ratio of 27.40% which is
      dengan dengan nisbah bagi hasil sebesar                        calculated from profit sharing income with
      27,40% yang dihitung dari pendapatan bagi                      indication of an equivalent of 1.37%, payable
      hasil dengan indikasi bagi hasil sebesar                       every year with amortized sukuk and will mature
      ekuivalen sebesar 1,37% yang dibayarkan tiap                   on December 27, 2036. The payment agent for
      tahun berikut amortisasi dana sukuk dan akan                   Sukuk is PT Kustodian Sentral Efek Indonesia
      jatuh tempo pada tanggal 27 Desember 2036.                     (KSEI). Sukuk were not rated.
      PT Kustodian Sentral Efek Indonesia (KSEI)
      bertindak sebagai agen pembayaran. Sukuk ini
      tidak dilakukan pemeringkatan.

      Penerimaan bersih dari penerbitan Sukuk                        The net proceeds from the issuance of the
      tersebut   digunakan     untuk penyaluran                      bonds were used to Sharia finance Tabungan
      pembiayaan Syariah Tabungan Perumahan                          Perumahan Rakyat (Sharia Tapera) loans.
      Rakyat (Syariah Tapera).




                                                       170
Page 622
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


24. SURAT-SURAT         BERHARGA             YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   xv. Sukuk Mudharabah Bank Tabungan Negara                   xv.   Sukuk Mudharabah Bank Tabungan Negara
       Tahun 2024 Tahap III                                          2024 Phase III

      Bank menerbitkan Sukuk Mudharabah Jangka                       The Bank issued Long Term Sukuk
      Panjang Yang Dilakukan Tanpa Melalui                           Mudharabah Bank Tabungan Negara Through
      Penawaran Umum Bank Tabungan Negara                            Private Placement Year 2024 Phase III with a
      Tahun 2024 tahap III dengan jumlah nilai                       total nominal value of Rp80,956. Such Sukuk
      nominal sebesar Rp80.956. Sukuk tersebut                       were issued at 100% of their nominal value with
      diterbitkan senilai 100% dari nilai nominalnya                 a profit-sharing ratio of 27.40% which is
      dengan dengan nisbah bagi hasil sebesar                        calculated from profit sharing income with
      27,40% yang dihitung dari pendapatan bagi                      indication of an equivalent of 1.37%, payable
      hasil dengan indikasi bagi hasil sebesar                       every year with amortized sukuk and will mature
      ekuivalen sebesar 1,37% yang dibayarkan tiap                   on December 27, 2037. The payment agent for
      tahun berikut amortisasi dana sukuk dan akan                   Sukuk is PT Kustodian Sentral Efek Indonesia
      jatuh tempo pada tanggal 27 Desember 2037.                     (KSEI). Sukuk were not rated.
      PT Kustodian Sentral Efek Indonesia (KSEI)
      bertindak sebagai agen pembayaran. Sukuk ini
      tidak dilakukan pemeringkatan.

      Penerimaan bersih dari penerbitan Sukuk                        The net proceeds from the issuance of the
      tersebut   digunakan     untuk penyaluran                      bonds were used to Sharia finance Tabungan
      pembiayaan Syariah Tabungan Perumahan                          Perumahan Rakyat (Sharia Tapera) loans.
      Rakyat (Syariah Tapera).

   xvi. Sukuk Mudharabah Bank Tabungan Negara                  xvi. Sukuk Mudharabah Bank Tabungan Negara
        Tahun 2024 Tahap IV                                         2024 Phase IV

      Bank menerbitkan Sukuk Mudharabah Jangka                       The Bank issued Long Term Sukuk
      Panjang Yang Dilakukan Tanpa Melalui                           Mudharabah Bank Tabungan Negara Through
      Penawaran Umum Bank Tabungan Negara                            Private Placement Year 2024 Phase III with a
      Tahun 2024 tahap III dengan jumlah nilai                       total nominal value of Rp52,444. Such Sukuk
      nominal sebesar Rp52.444. Sukuk tersebut                       were issued at 100% of their nominal value with
      diterbitkan senilai 100% dari nilai nominalnya                 a profit-sharing ratio of 27.40% which is
      dengan dengan nisbah bagi hasil sebesar                        calculated from profit sharing income with
      27,40% yang dihitung dari pendapatan bagi                      indication of an equivalent of 1.37%, payable
      hasil dengan indikasi bagi hasil sebesar                       every year with amortized sukuk and will mature
      ekuivalen sebesar 1,37% yang dibayarkan tiap                   on September 23, 2038. The payment agent for
      tahun berikut amortisasi dana sukuk dan akan                   Sukuk is PT. Kustodian Sentral Efek Indonesia
      jatuh tempo pada tanggal 23 September 2038.                    (KSEI). Sukuk were not rated.
      PT. Kustodian Sentral Efek Indonesia (KSEI)
      bertindak sebagai agen pembayaran. Sukuk ini
      tidak dilakukan pemeringkatan.

      Penerimaan bersih dari penerbitan Sukuk                        The net proceeds from the issuance of the
      tersebut   digunakan     untuk penyaluran                      bonds were used to Sharia finance Tabungan
      pembiayaan Syariah Tabungan Perumahan                          Perumahan Rakyat (Sharia Tapera) loans.
      Rakyat (Syariah Tapera).




                                                       171
Page 623
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


24. SURAT-SURAT         BERHARGA               YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

    xvii.Obligasi Berkelanjutan IV Tahap II                       xvii. Continuing Bonds IV Phase II

       Bank menerbitkan Obligasi Berkelanjutan IV                      The Bank issued Continuing Bonds IV Phase II
       BTN Tahap II Tahun 2022 dengan jumlah nilai                     of 2022 with a total nominal value of
       nominal sebesar Rp1.000.000 yang terdaftar di                   Rp1,000,000, which are registered in the
       Bursa Efek Indonesia (BEI). Obligasi tersebut                   Indonesia Stock Exchange (IDX). Such bonds
       diterbitkan senilai 100% dari nilai nominalnya                  were issued at 100% of their nominal value with
       dengan tingkat bunga tetap tahunan sebesar                      an annual fixed interest rates of 5.50% and
       5,50% dan 6,00% yang dibayarkan tiap tiga                       6.00%, payable every three months for
       bulanan masing-masing untuk Obligasi                            Continuing Bonds IV Phase II Series A dan
       Berkelanjutan IV Tahap II Seri A dan Seri B dan                 Series B, respectively, and will mature on May
       akan jatuh tempo masing-masing pada tanggal                     24, 2025 and May 24, 2027, respectively. The
       24 Mei 2025 dan 24 Mei 2027. Penerbitan                         issuance of Continuing Bonds IV Phase II of
       Obligasi Berkelanjutan IV Tahap II tahun 2022                   2022 became effective based on Letter No. S-
       tersebut telah dinyatakan efektif berdasarkan                   211/D.04/2020 dated August 11, 2020 of the
       surat Dewan Komisioner Otoritas Jasa                            Board of Commisioners of the Financial
       Keuangan No.S-211/D.04/2020 tanggal 11                          Services Authority.
       Agustus 2020.

       Penerimaan bersih dari penerbitan obligasi                      The net proceeds from the issuance of the
       tersebut    digunakan     sebagai    sumber                     bonds were used to finance loans. The rights of
       pembiayaan kredit. Hak pemegang obligasi                        the bondholders rank paripassu, without
       adalah paripassu tanpa hak preferen dengan                      preferential rights, with those of the Bank’s other
       hak-hak kreditur Bank lainnya baik yang ada                     creditors for existing or future creditor rights,
       sekarang maupun dikemudian hari, kecuali                        except for the Bank’s creditors’ rights which are
       hak-hak kreditur Bank yang dijamin secara                       guaranteed specifically by the Bank’s existing or
       khusus dengan kekayaan Bank baik yang telah                     future assets. The bonds are not included in the
       ada maupun yang akan ada dikemudian hari.                       Government’s guarantee program on the
       Obligasi ini tidak termasuk dalam program                       obligations of commercial banks.
       jaminan Pemerintah terhadap kewajiban
       pembayaran bank umum.

       Pada tanggal 31 Desember 2024, 2023, dan                        As of December 31, 2024, 2023, and 2022,
       2022, Obligasi Berkelanjutan IV BTN Tahap II                    Continuing Bonds IV Phase II were rated idAA+,
       masing-masing mendapat penilaian peringkat                      idAA+, and idAA by PT Fitch Ratings Indonesia.
       idAA+, idAA+, dan idAA dari PT Fitch Ratings
       Indonesia.
                                                                       The trustee for Continuing Bonds IV Phase II is
       Bertindak sebagai wali amanat Obligasi                          PT Bank Pembangunan Daerah Jawa Barat
       Berkelanjutan IV Tahap II adalah PT Bank                        dan Banten Tbk.
       Pembangunan Daerah Jawa Barat dan Banten
       Tbk.




                                                         172
Page 624
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


24. SURAT-SURAT         BERHARGA               YANG           24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)
    xviii. Obligasi Berkelanjutan IV Tahap I                     xviii. Continuing Bonds IV Phase I
         Bank menerbitkan Obligasi Berkelanjutan IV                   The Bank issued Continuing Bonds IV Phase I
         BTN Tahap I Tahun 2020 dengan jumlah nilai                   of 2020 with a total nominal value of
         nominal sebesar Rp1.500.000 yang terdaftar                   Rp1,500,000, which are registered in the
         di Bursa Efek Indonesia (BEI). Obligasi                      Indonesia Stock Exchange (IDX). Such bonds
         tersebut diterbitkan senilai 100% dari nilai                 were issued at 100% of their nominal value with
         nominalnya dengan tingkat bunga tetap                        an annual fixed interest rates of 6.75%, 7.80%
         tahunan sebesar 6,75%, 7,80% dan 8,40%                       and 8.40%, payable every three months for
         yang dibayarkan tiap tiga bulanan masing-                    Continuing Bonds IV Phase I Series A, Series B
         masing untuk Obligasi Berkelanjutan IV                       and Series C, respectively, and will mature on
         Tahap I Seri A, Seri B dan Seri C dan akan                   August 29, 2021, August 19, 2023, and August
         jatuh tempo masing-masing pada tanggal 29                    19, 2025, respectively. The issuance of
         Agustus 2021, 19 Agustus         2023, dan                   Continuing Bonds IV Phase I of 2020 became
         19 Agustus 2025. Penerbitan Obligasi                         effective based on Letter No. S-211/D.04/2020
         Berkelanjutan IV Tahap I tahun 2020 tersebut                 dated August 11, 2020 of the Board of
         telah dinyatakan efektif berdasarkan surat                   Commisioners of the Financial Services
         Dewan Komisioner Otoritas Jasa Keuangan                      Authority.
         No.S-211/D.04/2020 tanggal 11 Agustus
         2020.
         Penerimaan bersih dari penerbitan obligasi                   The net proceeds from the issuance of the
         tersebut    digunakan     sebagai    sumber                  bonds were used to finance loans. The rights of
         pembiayaan kredit. Hak pemegang obligasi                     the bondholders rank paripassu, without
         adalah paripassu tanpa hak preferen dengan                   preferential rights, with those of the Bank’s other
         hak-hak kreditur Bank lainnya baik yang ada                  creditors for existing or future creditor rights,
         sekarang maupun dikemudian hari, kecuali                     except for the Bank’s creditors’ rights which are
         hak-hak kreditur Bank yang dijamin secara                    guaranteed specifically by the Bank’s existing or
         khusus dengan kekayaan Bank baik yang                        future assets. The bonds are not included in the
         telah ada maupun yang akan ada dikemudian                    Government’s guarantee program on the
         hari. Obligasi ini tidak termasuk dalam                      obligations of commercial banks.
         program jaminan Pemerintah terhadap
         kewajiban pembayaran bank umum.
                                                                      As of December 31, 2024, 2023, and 2022,
         Pada tanggal 31 Desember 2024, 2023, dan                     Continuing Bonds IV Phase I were rated idAA+,
         2022, Obligasi Berkelanjutan IV BTN Tahap I                  idAA+, and idAA by PT Fitch Ratings Indonesia,
         masing-masing mendapat penilaian peringkat                   respectively.
         idAA+, idAA+, dan idAA dari PT Fitch Ratings
         Indonesia.
                                                                      The trustee for Continuing Bonds IV Phase I is
         Bertindak sebagai wali amanat Obligasi                       PT Bank Pembangunan Daerah Jawa Barat
         Berkelanjutan IV Tahap I adalah PT Bank                      dan Banten Tbk.
         Pembangunan Daerah Jawa Barat dan
         Banten Tbk.

         Sampai tanggal 31 Desember 2024, Obligasi                    Until December 31, 2024, Continuing Bonds IV
         Berkelanjutan IV Tahap I Seri A dan B telah                  Phase I Series A and B has been fully paid by
         dilunasi oleh Bank pada tanggal jatuh tempo.                 the Bank on the maturity date.




                                                        173
Page 625
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


24. SURAT-SURAT         BERHARGA              YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

    xix.Obligasi Berkelanjutan III Tahap II                      xix. Continuing Bonds III Phase II

       Bank menerbitkan Obligasi Berkelanjutan III                    The Bank issued Continuing Bonds III Phase II
       BTN Tahap II Tahun 2019 dengan jumlah nilai                    of 2019 with a total nominal value of
       nominal sebesar Rp4.144.000 yang terdaftar di                  Rp4,144,000, which are registered in the
       Bursa Efek Indonesia (BEI). Obligasi tersebut                  Indonesia Stock Exchange (IDX). Such bonds
       diterbitkan senilai 100% dari nilai nominalnya                 were issued at 100% of their nominal value with
       dengan tingkat bunga tetap tahunan sebesar                     an annual fixed interest rates of 7.75%, 8.75%
       7,75%, 8,75% dan 9,00% yang dibayarkan tiap                    and 9.00%, payable every three months for
       tiga bulanan masing-masing untuk Obligasi                      Continuing Bonds III Phase II Series A, Series
       Berkelanjutan III Tahap II Seri A, Seri B dan                  B and Series C, respectively, and will mature on
       Seri C dan akan jatuh tempo masing-masing                      July 8, 2020, June 28, 2022, and June 28,
       pada tanggal 8 Juli 2020, 28 Juni 2022, dan                    2024, respectively. The issuance of Continuing
       28 Juni      2024.     Penerbitan     Obligasi                 Bonds III Phase II of 2019 became effective
       Berkelanjutan III Tahap II tahun 2019 tersebut                 based on Letter No. S-352/D.04/2017 dated
       telah dinyatakan efektif berdasarkan surat                     June 22, 2017 of the Board of Commisioners of
       Dewan Komisioner Otoritas Jasa Keuangan                        the Financial Services Authority.
       No. S-352/D.04/ 2017 tanggal 22 Juni 2017.

       Penerimaan bersih dari penerbitan obligasi                     The net proceeds from the issuance of the
       tersebut    digunakan     sebagai    sumber                    bonds were used to finance loans. The rights of
       pembiayaan kredit. Hak pemegang obligasi                       the bondholders rank paripassu, without
       adalah paripassu tanpa hak preferen dengan                     preferential rights, with those of the Bank’s other
       hak-hak kreditur Bank lainnya baik yang ada                    creditors for existing or future creditor rights,
       sekarang maupun dikemudian hari, kecuali                       except for the Bank’s creditors’ rights which are
       hak-hak kreditur Bank yang dijamin secara                      guaranteed specifically by the Bank’s existing or
       khusus dengan kekayaan Bank baik yang telah                    future assets. The bonds are not included in the
       ada maupun yang akan ada dikemudian hari.                      Government’s guarantee program on the
       Obligasi ini tidak termasuk dalam program                      obligations of commercial banks.
       jaminan Pemerintah terhadap kewajiban
       pembayaran bank umum.

       Pada tanggal 31 Desember 2024, 2023, dan                       As of December 31, 2024, 2023 and
       2022, Obligasi Berkelanjutan III BTN Tahap II                  2022, Continuing Bonds III Phase II were rated
       masing-masing mendapat penilaian peringkat                     idAA+, idAA+, and idAA by PT Fitch Ratings
       idAA+, idAA+, dan idAA dari PT Fitch Ratings                   Indonesia, respectively.
       Indonesia.

       Bertindak sebagai wali amanat Obligasi                         The trustee for Continuing Bonds III Phase II is
       Berkelanjutan III Tahap II adalah PT Bank                      PT Bank Mega Tbk.
       Mega Tbk.

       Sampai tanggal 31 Desember 2024, Obligasi                      Until December 31, 2024, Continuing Bonds III
       Berkelanjutan III Tahap II Seri A, Seri B dan                  Phase II Series A, Series B and Series C has
       Seri C telah dilunasi oleh Bank pada tanggal                   been fully paid by the Bank on the maturity date.
       jatuh tempo.




                                                        174
Page 626
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


24. SURAT-SURAT         BERHARGA                  YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

    xx. Obligasi Berkelanjutan III Tahap I                           xx. Continuing Bonds III Phase I

       Bank menerbitkan Obligasi Berkelanjutan III                        The Bank issued Continuing Bonds III Phase I
       BTN Tahap I Tahun 2017 dengan jumlah nilai                         of 2017 with a total nominal value of
       nominal sebesar Rp5.000.000 yang terdaftar di                      Rp5,000,000, which are registered in the
       Bursa Efek Indonesia (BEI). Obligasi tersebut                      Indonesia Stock Exchange (IDX). Such bonds
       diterbitkan senilai 100% dari nilai nominalnya                     were issued at 100% of their nominal value with
       dengan tingkat bunga tetap tahunan sebesar                         an annual fixed interest rates of 8.30%, 8.50%,
       8,30%, 8,50%, 8,70% dan 8,90% yang                                 8.70% and 8.90%, payable every three months
       dibayarkan tiap tiga bulanan masing-masing                         for Continuing Bonds III Phase I Series A,
       untuk Obligasi Berkelanjutan III Tahap I Seri A,                   Series B, Series C and Series D, respectively,
       Seri B, Seri C dan Seri D dan akan jatuh tempo                     and will mature on July 13, 2020, July 13, 2022,
       masing-masing pada tanggal 13 Juli 2020, 13                        July 13, 2024 and July 13, 2027, respectively.
       Juli 2022, 13 Juli 2024 dan 13 Juli 2027.                          The issuance of Continuing Bonds III Phase I of
       Penerbitan Obligasi Berkelanjutan III Tahap I                      2017 became effective based on Letter No. S-
       tahun 2017 tersebut telah dinyatakan efektif                       352/D.04/2017 dated June 22, 2017 of the
       berdasarkan surat Dewan Komisioner Otoritas                        Board of Commisioners the Financial Services
       Jasa Keuangan No. S-352/D.04/2017 tanggal                          Authority.
       22 Juni 2017.

       Penerimaan bersih dari penerbitan obligasi                         The net proceeds from the issuance of the
       tersebut     digunakan     sebagai    sumber                       bonds were used to finance loans. The rights of
       pembiayaan kredit. Hak pemegang obligasi                           the bondholders rank paripassu, without
       adalah paripassu tanpa hak preferen dengan                         preferential rights, with those of the Bank’s other
       hak-hak kreditur Bank lainnya baik yang ada                        creditors for existing or future creditor rights,
       sekarang maupun dikemudian hari, kecuali hak-                      except for the Bank’s creditors’ rights which are
       hak kreditur Bank yang dijamin secara khusus                       guaranteed specifically by the Bank’s existing or
       dengan kekayaan Bank baik yang telah ada                           future assets. The bonds are not included in the
       maupun yang akan ada dikemudian hari.                              Government’s guarantee program on the
       Obligasi ini tidak termasuk dalam program                          obligations of commercial banks.
       jaminan Pemerintah terhadap kewajiban
       pembayaran bank umum.
       Pada tanggal 31 Desember 2024, 2023, dan                           As of December 31, 2024, 2023, and 2022,
       2022, Obligasi Berkelanjutan III BTN Tahap I                       Continuing Bonds III Phase I were rated idAA+,
       masing-masing mendapat penilaian peringkat                         idAA+, and idAA by PT Fitch Ratings Indonesia,
       idAA+, idAA+, and idAA dari PT Fitch Ratings                       respectively.
       Indonesia.

       Bertindak sebagai wali amanat Obligasi                             The trustee for Continuing Bonds III Phase I is
       Berkelanjutan III Tahap I adalah PT Bank                           PT Bank Mandiri (Persero) Tbk.
       Mandiri (Persero) Tbk.

       Sampai tanggal 31 Desember 2024, Obligasi                          Until December 31, 2024, Continuing Bonds III
       Berkelanjutan III Tahap I Seri A, Seri B, dan Seri                 Phase I Series A and Series B, and Series C
       C telah dilunasi oleh Bank pada tanggal jatuh                      has been fully paid by the Bank on the maturity
       tempo.                                                             date.




                                                            175
Page 627
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


24. SURAT-SURAT         BERHARGA               YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

    xxi. Obligasi Berkelanjutan II Tahap I                        xxi. Continuing Bonds II Phase I

         Bank menerbitkan Obligasi Berkelanjutan II                    The Bank issued Continuing Bonds II Phase I of
         Tahap I Tahun 2015 dengan jumlah nilai                        2015 with a total nominal value of Rp3,000,000,
         nominal sebesar Rp3.000.000 yang terdaftar                    which are registered in the Indonesia Stock
         di Bursa Efek Indonesia (BEI). Obligasi                       Exchange (IDX). Such bonds were issued at
         tersebut diterbitkan senilai 100% dari nilai                  100% of their nominal value with an annual
         nominalnya dengan tingkat bunga tetap                         fixed interest rates of 9.63%, 9.88%, 10.00%
         tahunan sebesar 9,63%, 9,88%, 10,00% dan                      and 10.50%, payable every three months for
         10,50% yang dibayarkan tiap tiga bulanan                      Continuing Bonds II Phase I Series A, Series B,
         masing-masing untuk Obligasi Berkelanjutan                    Series C and Series D, respectively, and will
         II Tahap I Seri A, Seri B, Seri C dan Seri D                  mature on July 8, 2018, July 8, 2020, July 8,
         dan akan jatuh tempo masing-masing pada                       2022 and July 8, 2025, respectively. The
         tanggal 8 Juli 2018, 8 Juli 2020, 8 Juli 2022                 issuance of Continuing Bonds II Phase I of 2015
         dan 8 Juli 2025. Penerbitan Obligasi                          became effective based on Letter No. S-
         Berkelanjutan II Tahap I tahun 2015 tersebut                  207/D.04/2015 dated June 30, 2015 of the
         telah dinyatakan efektif berdasarkan surat                    Board of Commisioners of the Financial
         Dewan Komisioner Otoritas Jasa Keuangan                       Services Authority.
         No. S-207/D.04/2015 tanggal 30 Juni 2015.
         Penerimaan bersih dari penerbitan obligasi                    The net proceeds from the issuance of the
         tersebut    digunakan     sebagai    sumber                   bonds were used to finance loans. The rights of
         pembiayaan kredit. Hak pemegang obligasi                      the bondholders rank paripassu, without
         adalah paripassu tanpa hak preferen dengan                    preferential rights, with those of the Bank’s
         hak-hak kreditur Bank lainnya baik yang ada                   other creditors for existing or future creditor
         sekarang maupun dikemudian hari, kecuali                      rights, except for the Bank’s creditors’ rights
         hak-hak kreditur Bank yang dijamin secara                     which are guaranteed specifically by the Bank’s
         khusus dengan kekayaan Bank baik yang                         existing or future assets. The bonds are not
         telah ada maupun yang akan ada dikemudian                     included in the Government’s guarantee
         hari. Obligasi ini tidak termasuk dalam                       program on the obligations of commercial
         program jaminan Pemerintah terhadap                           banks.
         kewajiban pembayaran bank umum.
         Pada tanggal 31 Desember 2024, 2023, and                      As of December 31, 2024, 2023, and 2022,
         2022 Obligasi Berkelanjutan II Tahap I                        Continuing Bonds II Phase I were rated idAA+,
         masing-masing mendapat penilaian peringkat                    idAA+, and idAA by PT Fitch Ratings Indonesia,
         idAA+, idAA+, dan idAA dari PT Fitch Ratings                  respectively.
         Indonesia.

         Bertindak sebagai wali amanat Obligasi                        The trustee for Continuing Bonds II Phase I is
         Berkelanjutan  II  Tahap   I   adalah                         PT Bank Mega Tbk.
         PT Bank Mega Tbk.

         Sampai tanggal 31 Desember 2024, Obligasi                     Until December 31, 2024, Continuing Bonds II
         Berkelanjutan II Tahap I Seri A, Seri B dan                   Phase I Series A, Series B and Series C has
         Seri C telah dilunasi oleh Bank pada tanggal                  been fully paid by the Bank on the maturity date
         jatuh tempo.




                                                         176
Page 628
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


24. SURAT-SURAT         BERHARGA              YANG            24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   xxii. Obligasi Berkelanjutan I Tahap II                        xxii. Continuing Bonds I Phase II

       Bank menerbitkan Obligasi Berkelanjutan I                      The Bank issued Continuing Bonds I Phase II
       Tahap II Tahun 2013 dengan jumlah nilai                        2013 with a total nominal value of Rp2,000,000,
       nominal sebesar Rp2.000.000 yang terdaftar di                  which are registered in the Indonesia Stock
       Bursa Efek Indonesia (BEI). Obligasi tersebut                  Exchange (IDX). Such bonds were issued at
       diterbitkan senilai 100% dari nilai nominalnya                 100% of their nominal value with an annual fixed
       dengan tingkat bunga tetap tahunan sebesar                     interest rate of 7.90%, payable every three
       7,90% yang dibayarkan tiap tiga bulanan dan                    months and are due on March 27, 2023. The
       akan jatuh tempo pada tanggal 27 Maret 2023.                   issuance of Continuing Bonds I Phase II of 2013
       Penerbitan Obligasi Berkelanjutan I Tahap II                   became       effective   based      on    Letter
       tahun 2013 tersebut telah dinyatakan efektif                   No. S-6349/BL/2012 dated May 28, 2012 of the
       berdasarkan surat Ketua BAPEPAM-LK No. S-                      Chairman of BAPEPAM-LK.
       6349/BL/2012 tanggal 28 Mei 2012.

       Penerimaan bersih dari penerbitan obligasi                     The net proceeds from the issuance of the
       tersebut    digunakan     sebagai    sumber                    bonds were used to finance loans. The rights of
       pembiayaan kredit. Hak pemegang obligasi                       the bondholders rank paripassu, without
       adalah paripassu tanpa hak preferen dengan                     preferential rights, with those of the Bank’s other
       hak-hak kreditur Bank lainnya baik yang ada                    creditors for existing or future creditor rights,
       sekarang maupun di kemudian hari, kecuali                      except for the Bank’s creditors’ rights which are
       hak-hak kreditur Bank yang dijamin secara                      guaranteed specifically by the Bank’s existing or
       khusus dengan kekayaan Bank baik yang telah                    future assets. The bonds are not secured by
       ada maupun yang akan ada di kemudian hari.                     specific collateral, but are secured by all assets
       Obligasi ini tidak dijamin dengan jaminan                      of the Bank, both movable and immovable, and
       khusus, tetapi dijamin dengan seluruh harta                    those that are existing and will exist in the future,
       kekayaan Bank, baik barang bergerak maupun                     which are attributable to the Bank’s
       barang tidak bergerak, baik yang telah ada                     bondholders.
       maupun yang akan ada di kemudian hari
       menjadi jaminan bagi pemegang obligasi.

       Pada tanggal 31 Desember 2022, Obligasi                        As of December 31, 2022, Continuing Bonds I
       Berkelanjutan I BTN Tahap II mendapat                          Phase II were rated idAA by PT Fitch Ratings
       penilaian peringkat idAA dari PT Fitch Ratings                 Indonesia.
       Indonesia.


       Pada tanggal 12 Oktober 2020, Bank                             As of October 12, 2020, the Bank bought back
       melakukan pembelian kembali Obligasi I Tahap                   BTN Continuing Bonds I Phase II Bonds for
       II dengan nilai nominal sebesar Rp75.000                       nominal value of Rp75,000 with repurchased
       dengan harga beli Rp76.620. Pada tanggal 27                    price of Rp76,620. As of May 27, 2022, the Bank
       Mei 2022, Bank melakukan penjualan kembali                     resell BTN Continuing Bonds I Phase II Bonds
       Obligasi I Tahap II dengan nilai nominal                       for nominal value of Rp75,000 with reselling
       sebesar Rp75.000 dengan harga jual                             price of Rp77,250.
       Rp77.250.

       Bertindak sebagai wali amanat Obligasi                         The trustee for Continuing Bonds I Phase II is
       Berkelanjutan I BTN Tahap II adalah                            PT Bank Mega Tbk.
       PT Bank Mega Tbk.

       Sampai tanggal 31 Desember 2024, Obligasi                      Until December 31, 2024, Continuing Bonds I
       Berkelanjutan I Tahap II Tahun 2023 telah                      Phase II 2023 has been fully paid by the Bank
       dilunasi oleh Bank pada tanggal jatuh tempo.                   on the maturity date.




                                                        177
Page 629
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


24. SURAT-SURAT         BERHARGA                            YANG           24. SECURITIES ISSUED (continued)
    DITERBITKAN (lanjutan)

   xviii. Negotiable Certificate of Deposits                                      xviii. Negotiable Certificate of Deposits
           Pada tanggal 20 Oktober 2023, Bank                                           On October 20, 2023, Bank issued Negotiable
           menerbitkan Negotiable Certificate of                                        Certificate of Deposits (NCD) Phase I with
           Deposits (NCD) Tahap I dengan nilai pokok                                    principal value amounted to Rp1,500,000
           sebesar Rp1.500.000 dalam 3 (tiga) seri                                      within 3 (three) series as follows:
           sebagai berikut:
            Seri A: Nilai pokok NCD sebesar                                             A Series: NCD principal value amounted to
             Rp500.000 dengan tingkat bunga tetap                                         Rp500,000 with a fixed interest rate of
             sebesar 6,40% per tahun, untuk jangka                                        6.40% per annum, for 181 (one hundred
             waktu 181 (seratus delapan puluh satu)                                       and eighty one) days period and will mature
             hari dan akan jatuh tempo pada tanggal                                       on April 17, 2024. The NCD were issued at
             17 April 2024. NCD tersebut diterbitkan                                      96.90%. Until December 31, 2024, Series
             sebesar 96,90%. Sampai tanggal 31                                            A NCDs have been fully paid by the Bank
             Desember 2024, NCD Seri A telah dilunasi                                     on the maturity date.
             oleh Bank pada tanggal jatuh tempo.
            Seri B: Nilai pokok NCD sebesar Rp70.000                                    B Series: NCD principal value amounted to
             dengan tingkat bunga tetap sebesar 6,45%                                     Rp70,000 with a fixed interest rate of
             per tahun, untuk jangka waktu 270 (dua                                       6.45% per annum, for 270 (two hundred
             ratus tujuh puluh) hari dan akan jatuh                                       seventy) days period and will mature on
             tempo pada tanggal 16 Juli 2024. NCD                                         July 16, 2024. The NCD were issued at
             tersebut diterbitkan sebesar 95,39%.                                         95.39%. Until December 31, 2024, Series
             Sampai tanggal 31 Desember 2024, NCD                                         B NCDs have been fully paid by the Bank
             Seri B telah dilunasi oleh Bank pada                                         on the maturity date.
             tanggal jatuh tempo.
            Seri C: Nilai pokok NCD sebesar                                             C Series: NCD principal value amounted to
             Rp930.000 dengan tingkat bunga tetap                                         Rp930,000 with a fixed interest rate of
             sebesar 6,53% per tahun, untuk jangka                                        6.53% per annum, for 365 (three hundred
             waktu 365 (tiga ratus enam puluh lima) hari                                  sixty five) days period and will mature on
             dan akan jatuh tempo pada tanggal 21                                         October 21, 2024. The NCD were issued at
             Oktober 2024. NCD tersebut diterbitkan                                       93.76%. Until December 31, 2024, Series
             sebesar 93,76%. Sampai tanggal 31                                            C NCDs have been fully paid by the Bank
             Desember 2024, NCD Seri C telah dilunasi                                     on the maturity date.
             oleh Bank pada tanggal jatuh tempo.

25. PINJAMAN YANG DITERIMA                                                 25. FUND BORROWINGS
                                          31 Desember/        31 Desember/            31 Desember/
                                        December 31, 2024   December 31, 2023       December 31, 2022

    Pihak Ketiga                                                                                                                Third Parties
       Rupiah                                                                                                                     Rupiah
       PT Bank Central Asia Tbk                7.419.753             8.418.879              4.418.075          PT Bank Central Asia Tbk
       PT Bank Danamon Indonesia Tbk           1.999.951             2.000.000              2.000.000    PT Bank Danamon Indonesia Tbk
       Citibank N.A., Jakarta                          -               139.861                139.483              Citibank N.A., Jakarta

                                               9.419.704            10.558.740              6.557.558

      Mata Uang Asing                                                                                                       Foreign Currency
      Japan International                                                                                             Japan International
        Cooperation Agency                       713.155              750.059                 807.762              Cooperation Agency

                                              10.132.859            11.308.799              7.365.320

    Pihak Berelasi (Catatan 44)                                                                                     Related Parties (Note 44)
       Rupiah                                                                                                                      Rupiah
       PT Sarana Multigriya Finansial                                                                       PT Sarana Multigriya Finansial
         (Persero)                            23.352.225            22.453.290             17.455.685                         (Persero)

                                              23.352.225            22.453.290             17.455.685

      Total                                   33.485.084            33.762.089             24.821.005                                  Total


                                                                   178
Page 630
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                          25. FUND BORROWINGS (continued)

   a.   Pinjaman dari PT Bank Central Asia Tbk                    a.   Loan from PT Bank Central Asia Tbk

        Akun ini merupakan fasilitas pinjaman yang                     This account represents loan facility obtained
        diperoleh dari PT Bank Central Asia Tbk                        from PT Bank Central Asia Tbk which is
        ditujukan untuk pembiayaan Kredit Pemilikan                    intended to Finance Housing Loans (KPR) of
        Rumah (KPR) kepada debitur Bank.                               the Bank’s debtors.

        Bank memperoleh pinjaman dari PT Bank                          The Bank obtained loan from with PT Bank
        Central Asia Tbk berdasarkan Perjanjian                        Central Asia Tbk based on loan agreement
        Kredit No. 16 tanggal 19 Desember 2024 yang                    No. 16 dated December 19, 2024 consist of:
        terdiri dari:

           Term Loan sebesar Rp3 triliun (angka                          The Term Loan amounting Rp3 trillion
            penuh) yang memiliki bunga tetap sebesar                       (full amount) with fixed interest rate 7,00%
            7,00% dengan jangka waktu selama                               with 9 months period which will mature on
            9 bulan yang akan jatuh tempo pada                             September 20, 2025.
            20 September 2025.

        Sebelumnya, Bank juga memiliki perjanjian                      Previously, Bank also has loan agreement with
        pinjaman dengan PT Bank Central Asia Tbk                       PT Bank Central Asia Tbk that has been
        yang telah mengalami beberapa kali                             amended several times. The last amendment
        perubahan.         Perubahan        terakhir                   was documented under the loan agreement No.
        didokumentasikan        dalam     Perjanjian                   417 dated December 3, 2024 consist of:
        Kredit No. 417 tanggal 3 Desember 2024 yang
        terdiri dari:

           Perpanjangan jangka waktu Term Loan V                         The Term Loan V the loan were extended
            selama 12 bulan sebesar Rp4 triliun (angka                     for 12 months amounting Rp4 trillion
            penuh) yang memiliki bunga tetap sebesar                       (full amount) with fixed interest rate 6.75%
            6,75% yang akan jatuh tempo pada tanggal                       and will mature on December 6, 2025
            6 Desember 2025.

           Mengubah penyebutan “fasilitas Term Loan                      Amended “Term Loan Facility V” to “Term
            V” menjadi “fasilitas Term Loan”                               Loan Facility”

        Bank memperoleh pinjaman dari PT Bank                          The Bank obtained loan from with PT Bank
        Central Asia Tbk berdasarkan Perjanjian                        Central Asia Tbk based on loan agreement
        Kredit No. 11 tanggal 6 Desember 2023 yang                     No. 11 dated December 6, 2023 consist of:
        terdiri dari:

           Term Loan II dan III yang dilakukan                           The Term Loan II, and III the loan were
            perpanjangan selama 36 bulan atas                              extended for 36 months, for each Rp1 trillion
            pinjaman tersebut sebesar masing-masing                        (full amount) with fixed interest rate are
            Rp1 triliun (angka penuh) yang memiliki                        5.50% per annum and will mature on
            bunga tetap sebesar masing-masing 5,50%                        June 21, 2024 and June           14, 2024,
            dan akan jatuh tempo masing-masing pada                        respectively.
            tanggal 21 Juni 2024 dan 14 Juni 2024.


            Bank telah melakukan pelunasan atas                            The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo pada                        maturity date on June 21, 2024 and
            tanggal 21 Juni 2024 dan 14 Juni 2024                          June 14, 2024 for each amounting to Rp1
            masing - masing sebesar Rp1 triliun (angka                     trillion (full amount).
            penuh).




                                                         179
Page 631
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                           25. FUND BORROWINGS (continued)

   a.   Pinjaman dari PT Bank Central Asia Tbk                     a.   Loan from PT Bank Central Asia Tbk (continued)
        (lanjutan)
           Term Loan IV sebesar Rp2 triliun (angka                            The Term Loan IV amounting Rp2 trillion
            penuh) yang memiliki bunga tetap sebesar                            (full amount) with fixed interest rate 5.50%
            5,50% dengan jangka waktu selama                                    with 36 months period which will mature
            36 bulan yang akan jatuh tempo masing-                              amounting Rp1 trillion (full amount) on April
            masing sebesar Rp1 triliun (angka penuh)                            25, 2024 and amounting Rp1 trillion (full
            pada 25 April 2024 dan sebesar Rp1 triliun                          amount) on May 8, 2024, respectively.
            (angka penuh) pada 8 Mei 2024.
            Bank telah melakukan pelunasan atas                                 The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo pada                             maturity date on April 25, 2024 and May 8,
            tanggal 25 April dan 8 Mei 2024 masing-                             2024 for each amounting to Rp1 trillion (full
            masing sebesar Rp1 triliun (angka penuh).                           amount).

           Term Loan V sebesar Rp4 triliun (angka                             The Term Loan V amounting Rp4 trillion (full
            penuh) yang memiliki bunga tetap sebesar                            amount) with fixed interest rate 6.75% with
            6,75% dengan jangka waktu selama 12                                 12 months period which will mature on
            bulan dan akan jatuh tempo pada 6                                   December 6, 2024.
            Desember 2024.

        Pada tanggal 18 Mei 2022, Bank                                  On May 18, 2022, the Bank received loan from
        mendapatkan pinjaman dari PT Bank Central                       PT Bank Central Asia Tbk with plafond
        Asia Tbk Jakarta sebesar Rp420 miliar                           amounting to Rp420 billion (full amount) with
        (angka penuh) yang memiliki bunga tetap                         fixed interest rate of 5.23% and will mature on
        sebesar 5,23% dan jatuh tempo pada 18 Mei                       May 18, 2025.
        2025.
        Persyaratan-persyaratan     penting    dalam                    The significant requirements in the Bank’s loan
        perjanjian pinjaman Bank antara lain:                           agreement include the following:
          Rasio Non Performing Loan (NPL) Bruto                            Gross Non Performing Loan (NPL) ratio
           tidak melebihi 6%                                                 shall not exceed 6%
          Menjaga Rasio Non Performing Loan                                Maintain Net Non Performing Loan (NPL)
           (NPL) Neto sesuai dengan ketentuan yang                           ratio to comply in accordance with
           berlaku                                                           regulations
          Capital Adequacy Ratio (CAR) minimal                             Capital Adequacy Ratio (CAR) is
           12%                                                               minimum at least 12%
          Laba bersih tahun berjalan dengan angka                          Net income for the current year with
           positif                                                           positive numbers
          Nilai Liquidity Coverage Ratio minimal                           Liquidity Coverage Ratio minimum 100%
           sebesar 100%
          Rasio cakupan Non Performing Loan                                     Non Performing Loan (NPL) coverage
           (NPL) tidak kurang dari 100%                                           minimum 100%
          Rasio eksposur kredit tidak melebihi 40%                              Open credit exposure ratio shall not
                                                                                  exceed than 40%
   b.   Pinjaman dari Citibank N.A., Jakarta                       b.   Loan from Citibank N.A., Jakarta
        Akun ini merupakan fasilitas pinjaman yang                      This account represents loan facility obtained
        diperoleh dari Citibank N.A., Jakarta ditujukan                 from Citibank N.A., Jakarta which is intended to
        untuk mendukung Bank dalam menyalurkan                          support Banks in the context of selling housing
        kredit pemilikan rumah di Indonesia.                            loans in Indonesia.
        Pada tanggal 18 Mei 2022, Bank mendapatkan                      On      May 18, 2022, the Bank received
        pinjaman sindikasi sebesar Rp140 miliar (angka                  syndicated loan with plafond amounting to
        penuh) yang memiliki bunga tetap sebesar                        Rp140 billion (full amount) with fixed interest
        4,70%       dan      jatuh     tempo       pada                 rate of 4.70% and will mature on May 18, 2024,
        18 Mei 2024.                                                    respectively.



                                                          180
Page 632
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                           25. FUND BORROWINGS (continued)
   b.   Pinjaman dari Citibank N.A., Jakarta (lanjutan)            b.   Loan from Citibank N.A., Jakarta (continued)

        Persyaratan-persyaratan     penting   dalam                     The significant requirements in the Bank’s loan
        perjanjian pinjaman Bank antara lain:                           agreement include the following:
          Rasio Non Performing Loan (NPL) Bruto                            Gross Non Performing Loan (NPL) ratio
           tidak melebihi 6%                                                 shall not exceed 6%
          Menjaga Rasio Non Performing Loan (NPL)                          Maintain Net Non Performing Loan (NPL)
           Neto sesuai dengan ketentuan yang berlaku                         ratio to comply in accordance with
                                                                             regulations
          Capital Adequacy Ratio (CAR) minimal 12%                         Capital Adequacy Ratio (CAR) is
                                                                             minimum at least 12%
          Laba bersih tahun berjalan dengan angka                          Net income for the current year with
           positif                                                           positive numbers
          Nilai Liquidity Coverage Ratio minimal                           Liquidity Coverage Ratio minimum 100%
           sebesar 100%
          Rasio cakupan Non Performing Loan (NPL)                            Non Performing Loan (NPL) coverage
           tidak kurang dari 100%                                              minimum 100%
          Rasio eksposur kredit tidak melebihi 40%                           Open credit exposure ratio shall not
                                                                               exceed than 40%
        Bank telah melakukan pelunasan atas                             The Bank has fully repaid the loan at maturity
        pinjaman tersebut saat jatuh tempo pada 18                      date on May 18, 2024 amounting to Rp140
        Mei 2024 masing-masing sebesar Rp140 miliar                     billion (full amount).
        (angka penuh).
   c.   Pinjaman dari Japan International Cooperation              c.   Loan from Japan International Cooperation
        Agency                                                          Agency
        Akun ini merupakan fasilitas pinjaman yang                      This account represents loan facility obtained
        diperoleh dari Japan International Cooperation                  from Japan International Cooperation Agency
        Agency ditujukan untuk mendukung penyaluran                     which is intended to support distributing
        kredit kepemilikan rumah untuk masyarakat                       housing loans for low and middle income
        berpenghasilan rendah dan menengah di                           communities in Indonesia.
        Indonesia.
        Pada tanggal 18 Mei 2022, Bank mendapatkan                      On May 18, 2022, the Bank received loan with
        pinjaman dengan plafon sebesar JPY 7 miliar                     plafond amounting to JPY 7 billion (full amount)
        (angka penuh) atau ekuivalen Rp765.590                          or the equivalent to Rp765,590 with fixed
        dengan bunga tetap sebesar 0,90% dan jatuh                      interest rate of 0.90% and will mature on May
        tempo pada tanggal 10 Mei 2027.                                 10, 2027, respectively.

        Persyaratan-persyaratan      penting  dalam                     The significant requirements in the Bank’s loan
        perjanjian pinjaman Bank antara lain:                           agreement include the following:
                Rasio Non Performing Loan (NPL)                                Gross Non Performing Loan (NPL)
                 Bruto tidak melebihi 6%                                         ratio shall not exceed 6%
                Capital Adequacy Ratio (CAR)                                   Capital Adequacy Ratio (CAR) is
                 minimal 12%                                                     minimum at least 12%
                                                                                Net income for the current year with
                Laba bersih tahun berjalan dengan                               positive numbers
                 angka positif                                                  Liquidity Coverage Ratio minimum
                Nilai Liquidity Coverage Ratio minimal                          100%
                 sebesar 100%
                Rasio cakupan Non Performing Loan                               Non Performing Loan (NPL) coverage
                 (NPL) tidak kurang dari 100%                                     minimum 100%
                Rasio eksposur kredit tidak melebihi                            Open credit exposure ratio shall not
                 46%                                                              exceed than 46%




                                                          181
Page 633
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                              25. FUND BORROWINGS (continued)

   d.   Pinjaman dari PT Bank Danamon Indonesia                      d.    Loan from PT Bank Danamon Indonesia Tbk
        Tbk
        Akun ini merupakan fasilitas pinjaman yang                        This account represents loan facility obtained
        diperoleh dari PT Bank Danamon Indonesia                          from PT Bank Danamon Indonesia Tbk which is
        Tbk      ditujukan   untuk       mendukung                        intended to support the business and
        pengembangan bisnis dan operasional Bank.                         operational development of the Bank.
        Berdasarkan          Perjanjian        Kredit                     The loan agreement with PT Bank Danamon
        No. 108/PP/EB/0121 tanggal 17 Februari 2021,                      Indonesia Tbk has been amended several
        Bank mendapatkan pinjaman bilateral dengan                        times. The last amendment was documented
        plafon sebesar masing-masing Rp500 miliar                         under          the       loan         agreement
        (angka penuh), Rp500 miliar (angka penuh)                         No. 108/PP/EB/0121 dated February 17, 2021,
        dan Rp1.000 miliar (angka penuh) dengan                           the Bank received a loan with plafond amounting
        bunga tetap sebesar masing-masing 5,75% dan                       for each Rp500 billion (full amount), Rp500
        jatuh tempo masing-masing pada tanggal 22                         billion (full amount) and Rp1,000 billion (full
        Agustus 2023, 25 September 2023 dan 24                            amount) with fixed interest rate for each 5.75%
        Desember 2023.                                                    and will mature on August 22, 2023, September
                                                                          25, 2023 and December 24, 2023, respectively.

        Persyaratan-persyaratan      penting       dalam                  The significant requirements in the Bank’s loan
        perjanjian pinjaman Bank antara lain:                             agreement include the following:
         Mempertahankan          minimum         Capital                   Capital Adequacy Ratio (CAR) minimum is
            Adequacy Ratio CAR sesuai             dengan                      in accordance with the provisions of the
            ketentuan regulator yang berlaku                                  applicable regulator under
                                                                            Non-Performing Loan (NPL) ratio in
           Rasio Non-Performing Loan (NPL) sesuai                            accordance with the provisions of the
            dengan ketentuan regulator yang berlaku                           applicable regulator.
                                                                            Liquidity Coverage Ratio minimum is in
           Nilai Liquidity Coverage Ratio sesuai                             accordance with the provisions of the
            dengan ketentuan regulator yang berlaku                           applicable regulator

        Bank telah melakukan pelunasan atas pinjaman                      The Bank has fully repaid the loan at maturity
        tersebut saat jatuh tempo pada tanggal 22                         date on August 22, 2023 and September 25,
        Agustus 2023 dan 25 September 2023 masing-                        2023 with each amounting to Rp500 million (full
        masing sebesar Rp500 miliar (angka penuh).                        amount).

        Berdasarkan            Perjanjian           Kredit                Based on loan agreement No. 331PP/EB/1023
        No. 331/PP/EB/1023 tanggal 6 Oktober 2023,                        dated October 6, 2023, the Bank get involve
        Bank mendapatkan perpanjangan jangka waktu                        extending the payment arrangements and get
        fasilitas kredit serta mendapatkan tambahan                       an additional credit facility with plafond
        fasilitas pinjaman baru sebesar masing-masing                     amounting for each Rp1 trillion with fixed interest
        Rp1 triliun dengan bunga tetap sebesar 6,85%                      rate of 6.85% and mature for each October 27,
        dan jatuh tempo masing-masing pada tanggal                        2024 and June 24, 2024. The maximum plafond
        27 Oktober 2024 dan 24 Juni 2024. Plafon                          under the loan agreement is Rp2 trillion.
        maksimal       yang    diberikan   berdasarkan
        perjanjian kredit tersebut adalah Rp2 triliun.
        Bank telah melakukan pelunasan atas pinjaman                      The Bank has fully prepaid the loan at maturity
        tersebut yang jatuh tempo pada tanggal 24 Juni                    date on June 24, 2024 with amounting to Rp1
        2024 sebesar Rp1 triliun (angka penuh)                            trillion (full amount). Furthermore, the loan will
        sedangkan pinjaman yang jatuh tempo pada                          mature on October 27, 2024, has been extended
        tanggal 27 Oktober 2024 telah diperpanjang                        to mature on April 27, 2025. On November 28,
        sampai dengan 27 April 2025. Pada tanggal 28                      2024, the Bank availed itself of a loan facility
        November 2024, Bank kembali melakukan                             amounting to Rp1 trillion (full amount) will
        penarikan fasilitas pinjaman sebesar Rp1 triliun                  mature on May 28, 2025..
        (angka penuh) yang jatuh tempo pada tanggal
        28 Mei 2025.



                                                             182
Page 634
                                                               The original financial statements included herein are in the
                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                        25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial            e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF)                                              (Persero) (SMF)
        Bank memiliki beberapa perjanjian pinjaman                   The Bank has several loan agreements with
        dengan SMF sebagai berikut:                                  SMF as follow:
           Pinjaman SMF Tahap 1 Tahun 2019                              SMF Loan Phase 1 Year 2019
            Berdasarkan perjanjian No. 028/PP/SMF-                        Based           on      loan        agreement
            BTN/II/2019 tanggal 12 Februari 2019,                         No.       028/PP/SMF-BTN/II/2019         dated
            Bank mendapatkan pinjaman dengan                              February 12, 2019, the Bank received a
            plafond sebesar Rp1,8 triliun (angka                          loan with plafond amounting to Rp1.8
            penuh) dengan bunga tetap 9,20% dan                           trillion (full amount) with fixed interest rate
            akan jatuh tempo pada tanggal 12                              of 9.20% and will mature on February 12,
            Februari 2022.                                                2022.
            Bank telah melakukan pelunasan atas                           The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo pada                       maturity date on February 12, 2022
            tanggal 12 Februari 2022 sebesar                              amounting to Rp1.8 trillion (full amount).
            Rp1,8 triliun (angka penuh).
           Pinjaman SMF Tahap 2 Tahun 2019                              SMF Loan Phase 2 Year 2019
            Berdasarkan perjanjian No. 055/PP/SMF-                        Based on loan agreement                 No.
            BTN/IV/2019 tanggal 11 April 2019, Bank                       055/PP/SMF-BTN/IV/2019 dated April 11,
            mendapatkan pinjaman dengan plafond                           2019, the Bank received a loan with
            sebesar Rp1,5 triliun (angka penuh) yang                      plafond amounting to Rp1.5 trilion (full
            terdiri atas sebesar Rp1 triliun (angka                       amount) with details of amounting to Rp1
            penuh) dan Rp500 miliar (angka penuh)                         trilion (full amount) and Rp500 billion (full
            dengan bunga tetap 8,60% yang akan                            amount) with interest rate of 8.60% and
            jatuh tempo masing-masing pada tanggal                        will mature on April 11, 2022 and May 2,
            11 April 2022 dan 2 Mei 2022.                                 2022.

            Bank telah melakukan pelunasan atas                            The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo                             maturity date for each on April 11, 2022
            masing-masing pada tanggal 11 April                            and May 2, 2022 and amounting to Rp1
            2022 dan 2 Mei 2022 sebesar Rp1 triliun                        trilion (full amount) and Rp500 billion (full
            (angka penuh) dan Rp500 miliar (angka                          amount).
            penuh).

           Pinjaman SMF Tahap 3 Tahun 2019                              SMF Loan Phase 3 Year 2019

            Berdasarkan perjanjian No. 088/PP/SMF-                        Based     on    loan    agreement      No.
            BTN/V/2019 tanggal 29 Mei 2019, Bank                          088/PP/SMF-BTN/V/2019 dated May 29,
            mendapatkan pinjaman dengan plafond                           2019, the Bank received a loan with
            sebesar Rp1 triliun (angka penuh) dengan                      plafond amounting to Rp1 trillion (full
            bunga tetap 8,79% yang akan jatuh tempo                       amount) with fixed interest rate of 8.79%
            pada tanggal 31 Mei 2022.                                     and will mature on May 31, 2022.

            Bank telah melakukan pelunasan atas                            The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo pada                        maturity date on May 31, 2022 amounting
            tanggal      31   Mei    2022   sebesar                        to Rp1 trillion (full amount).
            Rp1 triliun (angka penuh).




                                                       183
Page 635
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                         25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial             e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                    (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                    The Bank has several loan agreements with
        dengan SMF sebagai berikut: (lanjutan)                        SMF as follow: (continued)

           Pinjaman SMF Tahap 4 Tahun 2019                               SMF Loan Phase 4 Year 2019

            Berdasarkan perjanjian No. 092/PP/SMF-                         Based     on    loan     agreement     No.
            BTN/VII/2019 tanggal 9 Juli 2019, Bank                         092/PP/SMF-BTN/VII/2019 dated July 9,
            mendapatkan pinjaman dengan plafond                            2019, the Bank received a loan with
            sebesar Rp2.095 miliar (angka penuh)                           plafond amounting to Rp2,095 billion (full
            yang terdiri atas sebesar Rp640 miliar                         amount) with details of amounting to
            (angka penuh) dengan bunga tetap 8,87%                         Rp640 billion (full amount) with interest
            yang akan jatuh tempo pada tanggal 9 Juli                      rate of 8.87% and will mature on July 9,
            2022 dan sebesar Rp1.455 miliar (angka                         2022, and amounting to Rp1,455 billion
            penuh) dengan bunga tetap 9,09% yang                           (full amount) with interest rate of 9.09%
            akan jatuh tempo pada tanggal 9 Juli                           and will mature on July 9, 2024.
            2024.

            Bank telah melakukan pelunasan atas                             The Bank has fully paid the loan at
            pinjaman tersebut saat jatuh tempo pada                         maturity date on July 9, 2022 and July 9,
            tanggal 9 Juli 2022 dan 9 Juli 2024                             2024 amounting to Rp640 billion (full
            sebesar Rp640 miliar (angka penuh) dan                          amount) and Rp1,455 billion (full amount).
            Rp1.455 miliar (angka penuh).

           Pinjaman SMF FLPP 2024                                         Pinjaman SMF FLPP Year 2024

            Berdasarkan perjanjian No. 036/FLPP/                            Based on loan agreement No. 036/
            SMF/PP/SMF-BTN/II/2024 tanggal 20                               FLPP/SMF/PP/SMF-BTN/II/2024 dated
            Februari 2024, Bank mendapatkan                                 February 20, 2024, the Bank received a
            pinjaman dalam rangka penyaluran kredit                         loan which is intended for distributing
            pemilikan   rumah    sejahtera    untuk                         housing    loans     for   low-income
            masyarakat berpenghasilan rendah.                               communities.

            Pencairan atas fasilitas ini dilakukan                          This disbursement of facility is carried out
            selama availability period sampai dengan                        during the availability period until
            tanggal 31 Desember 2024. Saldo pada                            December 31, 2024. The outstanding
            tanggal 31 Desember 2024 adalah                                 balance as of December 31, 2024 is
            sebesar Rp 3.110.879 dengan suku bunga                          amounting to Rp 3,110,879 with the lowest
            paling rendah sebesar 4.45% dengan                              interest rate of 4.45% for a maximum
            jangka waktu paling lama 20 (dua puluh)                         period of 20 (twenty) years. Loan
            tahun. Pengembalian dana pinjaman                               repayments (principal and interest
            (angsuran pokok dan bunga) kepada SMF                           installments) to SMF is no later than the
            dilaksanakan paling lambat tanggal 10                           10th of each month, if the due date of
            setiap bulannya, apabila tanggal jatuh                          principal and interest payments falls on a
            tempo pembayaran pokok dan bunga                                national holiday, the payment is made on
            jatuh pada hari libur nasional, maka                            the working day after the payment due
            pembayaran dilakukan pada hari kerja                            date.
            sesudah      tanggal      jatuh    tempo
            pembayaran.




                                                        184
Page 636
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                           25. FUND BORROWINGS (continued)
   e.   Pinjaman dari PT Sarana Multigriya Finansial               e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                      (Persero) (SMF) (continued)
        Bank memiliki beberapa perjanjian pinjaman                      The Bank has several loan agreements with
        dengan SMF sebagai berikut: (lanjutan)                          SMF as follow: (continued)
           Pinjaman SMF Mudharabah Muqayadah                                SMF Loan         Mudharabah       Muqayadah
            FLPP 2024                                                         FLPP 2024
            Berdasarkan perjanjian No. 038/FLPP/                              Based on loan agreement No. 038/FLPP/
            PP/SMF-BTNS/II/2024 dan No. 05/                                   PP/SMF-BTNS/II/2024 and No. 05/
            PKS/DIR/2024 tanggal 20 Januari 2024,                             PKS/DIR/2024 dated January 20, 2024,
            Bank mendapatkan pinjaman dalam                                   the Bank received a loan which is intended
            rangka penyaluran kredit pemilikan rumah                          for distributing housing loans for low-
            sejahtera        untuk       masyarakat                           income communities.
            berpenghasilan rendah.
            Pencairan atas fasilitas ini dilakukan                           This disbursement of facility is carried out
            selama availability period sampai dengan                         during the availability period until
            tanggal 31 Desember 2024. Saldo pada                             December 31, 2024. The outstanding
            tanggal 31 Desember 2024 adalah sebesar                          balance as of December 31, 2024 is
            Rp 1.151.705 dengan nisbah bagi hasil                            amounting to Rp 1,151,705 with a profit
            sebesar 22,25% yang dihitung dari                                sharing ratio of 22.25%, which is calculated
            pendapatan bagi hasil yang ditawarkan                            from profit sharing income offered for
            atas fasilitas pembiayaan yang ditarik                           financing facilities drawn during availability
            selama availability period atau dengan                           period or an equivalent of 4.45% per
            ekuivalen sebesar setara dengan 4,45%                            annum for a maximum period of 20 (twenty)
            per dengan jangka waktu paling lama 20                           years. Loan repayments (principal and
            (dua puluh) tahun. Pengembalian dana                             interest instalments) to SMF are held no
            pinjaman (angsuran pokok dan bunga)                              later than the 10th of each month, if the due
            kepada SMF dilaksanakan paling lambat                            date of principal and interest payments falls
            tanggal 10 setiap bulannya, apabila tanggal                      on a national holiday, the payment is made
            jatuh tempo pembayaran pokok dan bunga                           on the working day after the payment due
            jatuh pada hari libur nasional, maka                             date.
            pembayaran dilakukan pada hari kerja
            sesudah tanggal jatuh tempo pembayaran.
           Pinjaman SMF FLPP 2023                                           SMF FLPP Year 2023
            Berdasarkan perjanjian No. 003/FLPP/                              Based on loan agreement No. 003/
            SMF/PP/SMF-BTN/I/2023      tanggal    6                           FLPP/SMF/PP/SMF-BTN/I/2023           dated
            Januari 2023, Bank mendapatkan                                    January 6, 2023, the Bank received a loan
            pinjaman dalam rangka penyaluran kredit                           which is intended for distributing housing
            pemilikan   rumah    sejahtera    untuk                           loans for low-income communities.
            masyarakat berpenghasilan rendah.
            Pencairan atas fasilitas ini dilakukan                            This disbursement of facility is carried out
            selama availability period sampai dengan                          during the availability period until
            tanggal 29 Desember 2023. Saldo pada                              December 29, 2023. The outstanding
            tanggal 31 Desember 2024, 2023 adalah                             balance as of December 31, 2024 and
            sebesar Rp4.573.755 dan Rp4.784.576                               2023 is amounting to Rp4,573,755 and
            dengan suku bunga paling rendah sebesar                           Rp4,784,576 with the lowest interest rate
            4,45% dengan jangka waktu paling lama                             of 4.45% for a maximum period of 20
            20 (dua puluh) tahun. Pengembalian dana                           (twenty)    years.    Loan      repayments
            pinjaman (angsuran pokok dan bunga)                               (principal and interest installments) to
            kepada SMF dilaksanakan paling lambat                             SMF is no later than the 10th of each
            tanggal 10 setiap bulannya, apabila                               month, if the due date of principal and
            tanggal jatuh tempo pembayaran pokok                              interest payments falls on a national
            dan bunga jatuh pada hari libur nasional,                         holiday, the payment is made on the
            maka pembayaran dilakukan pada hari                               working day after the payment due date.
            kerja sesudah tanggal jatuh tempo
            pembayaran.

                                                          185
Page 637
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                          25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial              e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                     (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                     The Bank has several loan agreements with
        dengan SMF sebagai berikut: (lanjutan)                         SMF as follow: (continued)

            Pinjaman SMF Mudharabah Muqayadah                             SMF Loan Mudharabah Muqayadah FLPP
             FLPP 2023                                                      2023
             Berdasarkan perjanjian No. 006/FLPP/                            Based     on     loan    agreement     No.
             PP/SMF-BTNS/I/2023 dan No. 03/                                  006/FLPP/PP/SMF-BTNS/I/2023 and No.
             PKS/DIR/2023 tanggal 17 Januari 2023,                           03/PKS/DIR/2023 dated January 17,
             Bank mendapatkan pinjaman dalam                                 2023, the Bank received a loan which is
             rangka penyaluran kredit pemilikan rumah                        intended for distributing housing loans for
             sejahtera       untuk        masyarakat                         low-income communities.
             berpenghasilan rendah.

             Pencairan atas fasilitas ini dilakukan                          This disbursement of facility is carried out
             selama availability period sampai dengan                        during the availability period until
             tanggal 29 Desember 2023. Saldo pada                            December 29, 2023. The outstanding
             tanggal 31 Desember 2024 and 2023                               balance as of December 31, 2024 and
             adalah sebesar Rp1.257.315 dan Rp                               2023 is amounting to Rp1,257,315 and
             Rp1.316.435 dengan nisbah bagi hasil                            Rp1,316,435 with a profit sharing ratio of
             sebesar 22,25% yang dihitung dari                               22.25%, which is calculated from profit
             pendapatan bagi hasil yang ditawarkan                           sharing income offered for financing
             atas fasilitas pembiayaan yang ditarik                          facilities drawn during availability period or
             selama availability period atau dengan                          an equivalent of 4.45% per annum for a
             ekuivalen sebesar setara dengan 4,45%                           maximum period of 20 (twenty) years.
             per dengan jangka waktu paling lama 20                          Loan repayments (principal and interest
             (dua puluh) tahun. Pengembalian dana                            instalments) to SMF are held no later than
             pinjaman (angsuran pokok dan bunga)                             the 10th of each month, if the due date of
             kepada SMF dilaksanakan paling lambat                           principal and interest payments falls on a
             tanggal 10 setiap bulannya, apabila                             national holiday, the payment is made on
             tanggal jatuh tempo pembayaran pokok                            the working day after the payment due
             dan bunga jatuh pada hari libur nasional,                       date.
             maka pembayaran dilakukan pada hari
             kerja sesudah tanggal jatuh tempo
             pembayaran.




                                                         186
Page 638
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                          25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial              e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                     (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                     The Bank has several loan agreements with
        dengan SMF sebagai berikut: (lanjutan)                         SMF as follow: (continued)

            Pinjaman SMF FLPP 2022                                        SMF FLPP Year 2022

             Berdasarkan        perjanjian        No.                        Based      on    loan   agreement      No.
             016/FLPP/PP/SMF-BTN/I/2022 dan No.                              016/FLPP/PP/SMF-BTN/I/2022 and No.
             02/PKS/DIR/ 2022 tanggal 6 Januari                              02/PKS/DIR/2022 dated January 6, 2022,
             2022, Bank mendapatkan pinjaman                                 the Bank received a loan which is intended
             dalam rangka penyaluran kredit pemilikan                        for distributing housing loans for low-
             rumah sejahtera untuk masyarakat                                income communities.
             berpenghasilan rendah.
             Pencairan atas fasilitas ini dilakukan                          This disbursement of facility is carried out
             selama availability period sampai dengan                        during the availability period until
             tanggal 31 Desember 2022. Saldo pada                            December 31, 2022. The outstanding
             tanggal 31 Desember 2024, 2023, dan                             balance as of December 31, 2024, 2023
             2022 adalah sebesar Rp4.100.677,                                and 2022 is amounting to Rp4,100,677,
             Rp4.302.198 dan Rp4.493.322 dengan                              Rp4,302,198, and Rp4.493.322 with the
             suku bunga paling rendah sebesar 4,45%                          lowest interest rate of 4.45% for a
             dengan jangka waktu paling lama 20 (dua                         maximum period of 20 (twenty) years.
             puluh) tahun. Pengembalian dana                                 Loan repayments (principal and interest
             pinjaman (angsuran pokok dan bunga)                             installments) to SMF is no later than the
             kepada SMF dilaksanakan paling lambat                           10th of each month, if the due date of
             tanggal 10 setiap bulannya, apabila                             principal and interest payments falls on a
             tanggal jatuh tempo pembayaran pokok                            national holiday, the payment is made on
             dan bunga jatuh pada hari libur nasional,                       the working day after the payment due
             maka pembayaran dilakukan pada hari                             date.
             kerja sesudah tanggal jatuh tempo
             pembayaran.

            Pinjaman SMF Mudharabah Muqayadah                              SMF Loan         Mudharabah       Muqayadah
             FLPP 2022                                                       FLPP 2022

             Berdasarkan perjanjian No. 017/FLPP/                            Based     on     loan    agreement     No.
             AKAD/SMF-BTNS/I/2022 dan No. 04/                                017/FLPP/AKAD/SMF-BTNS/I/2022 and
             PKS/DIR/2022 tanggal 6 Januari 2022,                            No. 04/PKS/DIR/2022 dated January 6,
             Bank mendapatkan pinjaman dalam                                 2022, the Bank received a loan which is
             rangka penyaluran kredit pemilikan rumah                        intended for distributing housing loans for
             sejahtera       untuk        masyarakat                         low-income communities.
             berpenghasilan rendah.




                                                         187
Page 639
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


25.   PINJAMAN YANG DITERIMA (lanjutan)                            25. FUND BORROWINGS (continued)

      e. Pinjaman dari PT Sarana Multigriya Finansial                 e.   Loan from PT Sarana Multigriya Finansial
         (Persero) (SMF) (lanjutan)                                        (Persero) (SMF) (continued)

         Bank memiliki beberapa perjanjian pinjaman                        The Bank has several loan agreements with
         dengan SMF sebagai berikut (lanjutan):                            SMF as follow (continued):

            Pinjaman SMF Mudharabah Muqayadah                                  SMF Loan Mudharabah               Muqayadah
             FLPP 2022 (lanjutan)                                                FLPP 2022 (continued)

              Pencairan atas fasilitas ini dilakukan                             This disbursement of facility is carried out
              selama availability period sampai dengan                           during the availability period until
              tanggal 31 Desember 2022. Saldo pada                               December 31, 2022. The outstanding
              tanggal 31 Desember 2024, 2023, dan                                balance as of December 31, 2024, 2023,
              2022 adalah sebesar             Rp896.549,                         and 2022 is amounting to Rp896,549,
              Rp944.879, dan Rp990.267 dengan                                    Rp944,879 and Rp990.267 with a profit
              nisbah bagi hasil sebesar 22,25% yang                              sharing ratio of 22.25%, which is
              dihitung dari pendapatan bagi hasil yang                           calculated from profit sharing income
              ditawarkan atas fasilitas pembiayaan                               offered for financing facilities drawn during
              yang ditarik selama availability period atau                       availability period or an equivalent of
              dengan ekuivalen sebesar setara dengan                             4.45% per annum for a maximum period
              4,45% per dengan jangka waktu paling                               of 20 (twenty) years. Loan repayments
              lama 20 (dua puluh) tahun. Pengembalian                            (principal and interest instalments) to SMF
              dana pinjaman (angsuran pokok dan                                  are held no later than the 10th of each
              bunga) kepada SMF dilaksanakan paling                              month, if the due date of principal and
              lambat tanggal 10 setiap bulannya,                                 interest payments falls on a national
              apabila tanggal jatuh tempo pembayaran                             holiday, the payment is made on the
              pokok dan bunga jatuh pada hari libur                              working day after the payment due date.
              nasional, maka pembayaran dilakukan
              pada hari kerja sesudah tanggal jatuh
              tempo pembayaran.

            Pinjaman SMF FLPP 2021                                             SMF Loan FLPP 2021

             Berdasarkan perjanjian No. 069/FLPP/                                Based on loan agreement No. 069/FLPP/
             PP/SMF-BTN/IV/2021 tanggal 14 April                                 PP/SMF-BTN/IV/2021 dated April 14,
             2021, Bank mendapatkan pinjaman dalam                               2021, the Bank received a loan which is
             rangka penyaluran kredit pemilikan rumah                            intended for distributing housing loans for
             sejahtera       untuk        masyarakat                             low-income communities.
             berpenghasilan rendah.

             Pencairan atas fasilitas ini dilakukan                              This disbursement of facility is carried out
             selama availability period sampai dengan                            during the availability period until
             tanggal 31 Desember 2021. Saldo pada                                December 31, 2021. The outstanding
             tanggal 31 Desember 2024, 2023, dan                                 balance as of December 31, 2024, 2023,
             2022 adalah sebesar Rp3.004.779,                                    and 2022 is amounting to Rp3,004,779,
             Rp3.170.553, dan Rp3.328.337 dengan                                 Rp3,170,553, and Rp3.328.337 with the
             suku bunga paling rendah sebesar 4,45%                              lowest interest rate of 4.45% for a
             dengan jangka waktu paling lama 20 (dua                             maximum period of 20 (twenty) years.
             puluh) tahun. Pengembalian dana                                     Loan repayments (principal and interest
             pinjaman (angsuran pokok dan bunga)                                 installments) to SMF is no later than the
             kepada SMF dilaksanakan paling lambat                               10th of each month, if the due date of
             tanggal 10 setiap bulannya, apabila                                 principal and interest payments falls on a
             tanggal jatuh tempo pembayaran pokok                                national holiday, the payment is made on
             dan bunga jatuh pada hari libur nasional,                           the working day after the payment due
             maka pembayaran dilakukan pada hari                                 date.
             kerja sesudah tanggal jatuh tempo
             pembayaran.



                                                             188
Page 640
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                          25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial              e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                     (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                     The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                         SMF as follow (continued):

           Pinjaman SMF FLPP 2020                                          SMF FLPP Year 2020

             Berdasarkan perjanjian No. 010/FLPP/                            Based      on      loan     agreement
             PP/SMF-BTN/I/2020 tanggal 20 Januari                            No. 010/FLPP/PP/SMF-BTN/I/2020 dated
             2020, Bank mendapatkan pinjaman dalam                           January 20, 2020, the Bank received a
             rangka penyaluran kredit pemilikan rumah                        loan which is intended for distributing
             Sejahtera       untuk        masyarakat                         housing    loans     for   low-income
             berpenghasilan rendah.                                          communities.

             Pencairan atas fasilitas ini dilakukan                          This disbursement of facility is carried out
             selama availability period sampai dengan                        during the availability period until
             tanggal 31 Desember 2020. Saldo pada                            December 31, 2020. The outstanding
             tanggal 31 Desember 2024, 2023 dan                              balance as of December 31, 2024, 2023,
             2022 adalah sebesar           Rp763.064,                        and 2022 is amounting to Rp763,064 ,
             Rp809.252, dan Rp854.264 dengan suku                            Rp809,252, and Rp854.264 with the
             bunga paling rendah sebesar 4,45%                               lowest interest rate of 4.45% for a
             dengan jangka waktu paling lama 15 (lima                        maximum period of 15 (fifteen) years.
             belas) tahun. Pengembalian dana                                 Loan repayments (principal and interest
             pinjaman (angsuran pokok dan bunga)                             instalments) to SMF is no later than the
             kepada SMF dilaksanakan paling lambat                           10th of each month, if the due date of
             tanggal 10 setiap bulannya, apabila                             principal and interest payments falls on a
             tanggal jatuh tempo pembayaran pokok                            national holiday, the payment is made on
             dan bunga jatuh pada hari libur nasional,                       the working day after the payment due
             maka pembayaran dilakukan pada hari                             date.
             kerja sesudah tanggal jatuh tempo
             pembayaran.

           Pinjaman SMF Mudharabah Muqayadah                               SMF Loan         Mudharabah       Muqayadah
            FLPP 2021                                                        FLPP 2021

             Berdasarkan perjanjian No. 069A/FLPP/                           Based        on      loan      agreement
             AKAD/SMF-BTN/IV/2021 tanggal 21 April                           No. 069A/FLPP/AKAD/SMF-BTN/IV/2021
             2021, Bank mendapatkan pinjaman dalam                           dated April 21, 2021, the Bank received a
             rangka penyaluran kredit pemilikan rumah                        loan which is intended for distributing
             sejahtera       untuk        masyarakat                         housing      loans     for    low-income
             berpenghasilan rendah.                                          communities.




                                                         189
Page 641
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                             25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial                 e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (pihak berelasi) (SMF) (lanjutan)                       (Persero) (related parties) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                        The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                            SMF as follow (continued):

           Pinjaman SMF Mudharabah Muqayadah                                  SMF Loan Mudharabah               Muqayadah
            FLPP 2021 (lanjutan)                                                FLPP 2021 (continued)

             Pencairan atas fasilitas ini dilakukan                             This disbursement of facility is carried out
             selama availability period sampai dengan                           during the availability period until
             tanggal 31 Desember 2021. Saldo pada                               December 31, 2021. The outstanding
             tanggal 31 Desember 2024, 2023, and                                balance as of December 31, 2024, 2023,
             2022 adalah sebesar             Rp633.120,                         and 2022 amounting to Rp633,120,
             Rp673.030, Rp710.998 dengan nisbah                                 Rp673,030, and Rp710.998 with a profit
             bagi hasil sebesar 22,25% yang dihitung                            sharing ratio of 22.25%, which is
             dari pendapatan bagi hasil yang                                    calculated from profit sharing income
             ditawarkan atas fasilitas pembiayaan                               offered for financing facilities drawn during
             yang ditarik selama availability period atau                       availability period or an equivalent of
             dengan ekuivalen sebesar setara dengan                             4.45% per annum for a maximum period
             4,45% per dengan jangka waktu paling                               of 15 (fifteen) years. Loan repayments
             lama 15 (lima belas) tahun. Pengembalian                           (principal and interest instalments) to SMF
             dana pinjaman (angsuran pokok dan                                  are held no later than the 10th of each
             bunga) kepada SMF dilaksanakan paling                              month, if the due date of principal and
             lambat tanggal 10 setiap bulannya,                                 interest payments falls on a national
             apabila tanggal jatuh tempo pembayaran                             holiday, the payment is made on the
             pokok dan bunga jatuh pada hari libur                              working day after the payment due date.
             nasional, maka pembayaran dilakukan
             pada hari kerja sesudah tanggal jatuh
             tempo pembayaran.

            Refinancing 1 SMF 2021                                            Refinancing 1 SMF 2021

             Berdasarkan perjanjian No.124/PP/SMF-                             Based         on       loan     agreement
             BTN/VI/2021 tanggal 30 Juni 2021, Bank                            No.124/PP/SMF-BTN/VI/2021 dated June
             mendapatkan pinjaman dengan plafon                                30, 2021, the Bank received a loan with
             sebesar Rp500 miliar (angka penuh) dan                            plafond amounting to Rp500 billion (full
             Rp1.000 miliar (angka penuh) dengan                               amount) and Rp1,000 billion (full amount)
             bunga tetap 5,70% dan 5.95% yang akan                             with interest rate of 5.70% and 5.95% and
             jatuh tempo pada tanggal 30 Juni 2023                             will mature on June 30, 2023 and June 30,
             dan 30 Juni 2024.                                                 2024.

             Bank telah melakukan pelunasan atas                                The Bank has fully repaid the loan at
             pinjaman tersebut saat jatuh tempo pada                            maturity date on June 30, 2023 and 2024
             tanggal 30 Juni 2023 dan 2024 masing-                              amounting to Rp500 billion (full amount),
             masing sebesar Rp500 miliar (angka                                 respectively.
             penuh).




                                                            190
Page 642
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                         25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial             e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (pihak berelasi) (SMF) (lanjutan)                   (Persero) (related parties) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                    The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                        SMF as follow (continued):

            Refinancing 2 SMF 2021                                        Refinancing 2 SMF 2021
             Berdasarkan perjanjian No.254/PP/SMF-                         Based          on      loan        agreement
             BTN/XII/2021 tanggal 28 Desember 2021,                        No.254/PP/SMF-BTN/XII/2021               dated
             Bank mendapatkan pinjaman dengan                              December 28, 2021, the Bank received a
             plafon sebesar Rp200 miliar (angka                            loan with plafond amounting to Rp200
             penuh) dengan bunga tetap 4% yang                             billion (full amount) with interest rate of 4%
             akan jatuh tempo pada tanggal 28                              and will mature on December 28, 2022.
             Desember 2022.
             Bank telah melakukan pelunasan atas                            The Bank has fully repaid the loan at
             pinjaman tersebut saat jatuh tempo pada                        maturity date on December 28, 2022
             tanggal 28 Desember 2022 sebesar                               amounting to Rp200 billion (full amount).
             Rp200 miliar (angka penuh).
            Refinancing 1 SMF 2022                                        Refinancing 1 SMF 2022

             Berdasarkan perjanjian No.119/PP/SMF-                         Based     on    loan     agreement  No.
             BTN/IV/2022 tanggal 28 April 2022, Bank                       119/PP/SMF-BTN/IV/2022 dated April 28,
             mendapatkan pinjaman dengan plafon                            2022, the Bank received a loan with
             sebesar Rp2 triliun (angka penuh) dengan                      plafond amounting to Rp2 trillion (full
             bunga tetap 5,60% yang akan jatuh tempo                       amount) with interest rate of 5.60% and
             pada tanggal 28 April 2025.                                   will mature on April 28, 2025.

            Pinjaman SMF FLPP 2019                                        SMF Loan FLPP 2019

            Berdasarkan       perjanjian        No.                         Based      on      loan     agreement
            099/PP/FLPP/SMF-BTN/I/2019 tanggal                              099/PP/FLPP/SMF-BTN/I/2019       dated
            17 Januari 2019, Bank mendapatkan                               January 17, 2019, the Bank received a
            pinjaman dalam rangka penyaluran kredit                         loan which is intended for distributing
            pemilikan   rumah    sejahtera    untuk                         housing    loans     for   low-income
            masyarakat berpenghasilan rendah.                               communities.

            Pencairan atas fasilitas ini dilakukan                         This disbursement of facility is carried out
            selama availability period sampai dengan                       during the availability period until
            tanggal 31 Desember 2019. Saldo pada                           December 31, 2019. The outstanding
            tanggal 31 Desember 2024, 2023, dan                            balance as of December 31, 2024, 2023,
            2022    adalah     sebesar    Rp703.556,                       and 2022 is amounting to Rp703,556,
            Rp755.927, dan Rp803.296 dengan suku                           Rp755,927, and Rp803.296 respectively,
            bunga paling rendah sebesar 4,45%                              with the lowest interest rate of 4.45% for a
            dengan jangka waktu paling lama 15 (lima                       maximum period of 15 (fifteen) years. Loan
            belas) tahun. Pengembalian dana                                repayments (principal and interest
            pinjaman (angsuran pokok dan bunga)                            installments) to SMF is no later than the
            kepada SMF dilaksanakan paling lambat                          10th of each month, if the due date of
            tanggal 10 setiap bulannya, apabila                            principal and interest payments falls on a
            tanggal jatuh tempo pembayaran pokok                           national holiday, the payment is made on
            dan bunga jatuh pada hari libur nasional,                      the working day after the payment due
            maka pembayaran dilakukan pada hari                            date.
            kerja sesudah tanggal jatuh tempo
            pembayaran.




                                                        191
Page 643
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                              25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial                  e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                         (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                         The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                             SMF as follow (continued):

           Pinjaman SMF Mudharabah Muqayadah                                   SMF Loan Mudharabah Muqayadah

            Berdasarkan perjanjian No. 179/AKAD/                                Based on loan agreement No. 179/AKAD/
            SMF-BTNS/IX/2021        tanggal     15                              SMF-BTNS/IX/2021 dated September 15,
            September 2021, Bank mendapatkan                                    2021, the Bank received loan with plafond
            pinjaman dengan plafon sebesar Rp100                                amounting to Rp100 bilion (full amount)
            miliar (angka penuh) dengan nisbah bagi                             with nisbah ratio 53.17% and will mature
            hasil sebesar 53,17% dan akan jatuh                                 on September 16, 2022.
            tempo pada tanggal 16 September 2022.

            Bank telah melakukan pelunasan atas                                  The Bank has fully repaid the loan at
            pinjaman tersebut saat jatuh tempo pada                              maturity date on September 16, 2022
            tanggal 16 September 2022 sebesar                                    amounting to Rp100 billion (full amount).
            Rp100 miliar (angka penuh).

           Pinjaman SMF Mudharabah Muqayadah                                   SMF Loan         Mudharabah       Muqayadah
            FLPP 2020                                                            FLPP 2020

            Berdasarkan        perjanjian       No.                             Based    on    loan     agreement     No.
            024/FLPP/AKAD/SMF-BTNSy/I/2020                                      024/FLPP/AKAD/SMF-BTNSy/I/2020
            tanggal 29      Januari 2020,     Bank                              dated January 29, 2020, the Bank received
            mendapatkan pinjaman dalam rangka                                   a loan which is intended for distributing
            penyaluran kredit pemilikan rumah                                   housing     loans     for     low-income
            sejahtera       untuk        masyarakat                             communities.
            berpenghasilan rendah.

            Pencairan atas fasilitas ini dilakukan                               This disbursement of facility is carried out
            selama availability period sampai dengan                             during the availability period until
            tanggal 31 Desember 2020. Saldo pada                                 December 31, 2020. The outstanding
            tanggal 31 Desember 2024, 2023, dan                                  balance as of December 31, 2024, 2023,
            2022     adalah     sebesar     Rp147.313,                           and 2022 is amounting to Rp147,313,
            Rp158.041, and Rp168.256 dengan                                      Rp158,041, and Rp168.256 with a profit
            nisbah bagi hasil sebesar 22,25% yang                                sharing ratio of 22.25%, which is
            dihitung dari pendapatan bagi hasil yang                             calculated from profit sharing income
            ditawarkan atas fasilitas pembiayaan yang                            offered for financing facilities drawn during
            ditarik selama availability period atau                              availability period or an equivalent of
            dengan ekuivalen sebesar setara dengan                               4.45% per annum with revenue divided by
            4,45% per tahun dengan pendapatan                                    using the average yield rate effective
            yang dibagihasilkan yang menggunakan                                 financing for KPR Sejahtera Financing
            rata-rata tingkat imbal hasil kas efektif dari                       equal to 5% per year for a maximum
            Pembiayaan KPR Sejahtera sebesar                                     period of 15 (fifteen) years. Loan
            setara dengan 5% per tahun dengan                                    repayments (principal and interest
            jangka waktu paling lama 15 (lima belas)                             instalments) to SMF are held no later than
            tahun. Pengembalian dana pinjaman                                    the 10th of each month, if the due date of
            (angsuran pokok dan bunga) kepada SMF                                principal and interest payments falls on a
            dilaksanakan paling lambat tanggal                                   national holiday, the payment is made on
            10 setiap bulannya, apabila tanggal jatuh                            the working day after the payment due
            tempo pembayaran pokok dan bunga                                     date.
            jatuh pada hari libur nasional, maka
            pembayaran dilakukan pada hari kerja
            sesudah        tanggal     jatuh      tempo
            pembayaran.

                                                             192
Page 644
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                         25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial             e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                    (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                    The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                        SMF as follow (continued):

           Pinjaman SMF FLPP 2018                                         SMF Loan FLPP 2018

            Berdasarkan perjanjian No. 81/PP/SMF-                          Based on loan agreement No. 81/PP/SMF-
            BTN/VIII/2018 tanggal 14 Agustus 2018,                         BTN/VIII/2018 dated August 14, 2018, the
            Bank mendapatkan pinjaman dalam                                Bank received a loan which is intended for
            rangka penyaluran kredit pemilikan rumah                       distributing housing loans for low-income
            sejahtera       untuk        masyarakat                        communities.
            berpenghasilan rendah.

            Pencairan atas fasilitas ini dilakukan                         This disbursement of facility is carried out
            selama availability period sampai dengan                       during the availability period until
            tanggal 28 Desember 2018. Saldo pada                           December 28, 2018. The outstanding
            tanggal 31 Desember 2024, 2023, dan                            balance as of December 31, 2024 and
            2022    adalah     sebesar    Rp531.496,                       2023, and 2022 is amounting Rp531,496,
            Rp571.300, dan Rp607.414 dengan suku                           Rp571,300, and Rp607,414, respectively
            bunga paling rendah sebesar 4,45%                              with the lowest interest rate of 4.45% for a
            dengan jangka waktu paling lama 15 (lima                       maximum period of 15 (fifteen) years. Loan
            belas) tahun. Pengembalian dana                                repayments (principal and interest
            pinjaman (angsuran pokok dan bunga)                            instalments) to the SMF are held no later
            kepada SMF dilaksanakan paling lambat                          than the 10th of each month, if the due date
            tanggal 10 setiap bulannya, apabila                            of principal and interest payments falls on
            tanggal jatuh tempo pembayaran pokok                           a national holiday, the payment is made on
            dan bunga jatuh pada hari libur nasional,                      the working day after the payment due
            maka pembayaran dilakukan pada hari                            date.
            kerja sesudah tanggal jatuh tempo
            pembayaran.

           Pinjaman SMF Mudharabah Muqayadah                              SMF Loan         Mudharabah       Muqayadah
            FLPP 2018                                                       FLPP 2018

            Berdasarkan perjanjian No.103A/AKAD/                           Based on loan agreement No.103A/
            SMF-BTNSy/VIII/2018 tanggal 14 Agustus                         AKAD/SMF-BTNSy/VIII/2018             dated
            2018, Bank mendapatkan pinjaman dalam                          August 14, 2018, the Bank received a loan
            rangka penyaluran kredit pemilikan rumah                       which is intended for distributing housing
            sejahtera       untuk        masyarakat                        loans for low-income communities.
            berpenghasilan rendah.




                                                        193
Page 645
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                         25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial             e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                    (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                    The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                        SMF as follow (continued):

           Pinjaman SMF Mudharabah Muqayadah                              SMF Loan Mudharabah               Muqayadah
            FLPP 2018 (lanjutan)                                            FLPP 2018 (continued)

            Pencairan atas fasilitas ini dilakukan                         This disbursement of facility is carried out
            selama availability period sampai dengan                       during the availability period until
            tanggal 28 Desember 2018. Saldo pada                           December 28, 2018. The outstanding
            tanggal 31 Desember 2024, 2023, dan                            balance as of December 31, 2024, 2023,
            2022 adalah sebesar Rp22.769, Rp24.733                         and 2022, is amounting to Rp22,769,
            dan Rp26.616 dengan nisbah bagi hasil                          Rp24,733, Rp26,616, respectively with a
            sebesar 22,25% yang dihitung dari                              profit sharing ratio of 22.25%, which is
            pendapatan bagi hasil yang ditawarkan                          calculated from profit sharing income
            atas fasilitas pembiayaan yang ditarik                         offered for financing facilities drawn during
            selama availability period atau dengan                         availability period or an equivalent of
            ekuivalen sebesar setara dengan 4,45%                          4.45% per annum with revenue divided by
            per tahun dengan pendapatan yang                               using the average yield rate effective cash
            dibagihasilkan yang menggunakan rata-                          financing for KPR Sejahtera Financing
            rata tingkat imbal hasil kas efektif dari                      equal to 5% per year for a maximum period
            Pembiayaan KPR Sejahtera sebesar                               of 15 (fifteen) years. Loan repayments
            setara dengan 5% per tahun dengan                              (principal and interest instalments) to the
            jangka waktu paling lama 15 (lima belas)                       SMF are held no later than the 10th of each
            tahun. Pengembalian dana pinjaman                              month, if the due date of principal and
            (angsuran pokok dan bunga) kepada SMF                          interest payments falls on a national
            dilaksanakan paling lambat tanggal                             holiday, the payment is made on the
            10 setiap bulannya, apabila tanggal jatuh                      working day after the payment due date.
            tempo pembayaran pokok dan bunga
            jatuh pada hari libur nasional, maka
            pembayaran dilakukan pada hari kerja
            sesudah       tanggal     jatuh    tempo
            pembayaran.

           Pinjaman SMF Mudharabah Muqayadah                              SMF Loan         Mudharabah       Muqayadah
            FLPP 2019                                                       FLPP 2019

            Berdasarkan perjanjian No. 017A/AKAD/                          Based on loan agreement No. 017A/
            FLPP/SMF-BTNSy/I/2019 tanggal 21                               AKAD/FLPP/SMF-BTNSy/I/2019       dated
            Januari 2019, Bank mendapatkan                                 January 21, 2019, the Bank received a
            pinjaman dalam rangka penyaluran kredit                        loan which is intended for distributing
            pemilikan   rumah     sejahtera   untuk                        housing    loans     for   low-income
            masyarakat berpenghasilan rendah.                              communities.




                                                        194
Page 646
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                              25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial                  e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                         (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                         The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                             SMF as follow (continued):

           Pinjaman SMF Mudharabah Muqayadah                                   SMF Loan Mudharabah               Muqayadah
            FLPP 2019 (lanjutan)                                                 FLPP 2019 (continued)

            Pencairan atas fasilitas ini dilakukan                              This disbursement of facility is carried out
            selama availability period sampai dengan                            during the availability period until
            tanggal 31 Desember 2019. Saldo pada                                December 31, 2019. The outstanding
            tanggal 31 Desember 2024, 2023, dan                                 balance as of December 31, 2024, 2023,
            2022      adalah     sebesar      Rp82.004,                         and 2022 is Rp82,004, Rp88,938, and
            Rp88.938, dan Rp95.575 dengan nisbah                                Rp95,575, respectively with a profit
            bagi hasil sebesar 22,25% yang dihitung                             sharing ratio of 22.25%, which is
            dari pendapatan bagi hasil yang                                     calculated from profit sharing income
            ditawarkan atas fasilitas pembiayaan yang                           offered for financing facilities drawn during
            ditarik selama availability period atau                             availability period or an equivalent of
            dengan ekuivalen sebesar setara dengan                              4.45% per annum with revenue divided by
            4,45% per tahun dengan pendapatan                                   using the average yield rate effective cash
            yang dibagihasilkan yang menggunakan                                financing for KPR Sejahtera Financing
            rata-rata tingkat imbal hasil kas efektif dari                      equal to 5% per year for a maximum
            Pembiayaan KPR Sejahtera sebesar                                    period of 15 (fifteen) years. Loan
            setara dengan 5% per tahun dengan                                   repayments (principal and interest
            jangka waktu paling lama 15 (lima belas)                            instalments) to the SMF are held no later
            tahun. Pengembalian dana pinjaman                                   than the 10th of each month, if the due
            (angsuran pokok dan bunga) kepada SMF                               date of principal and interest payments
            dilaksanakan paling lambat tanggal                                  falls on a national holiday, the payment is
            10 setiap bulannya, apabila tanggal jatuh                           made on the working day after the
            tempo pembayaran pokok dan bunga                                    payment due date.
            jatuh pada hari libur nasional, maka
            pembayaran dilakukan pada hari kerja
            sesudah        tanggal     jatuh      tempo
            pembayaran.


           Pinjaman SMF Mudharabah Muqayadah                                   SMF Loan Mudharabah               Muqayadah
            FLPP Percepatan 2019                                                 FLPP Percepatan 2019

            Berdasarkan perjanjian No. 216/FLPP/                                Based        on       loan      agreement
            AKAD/SMF-BTN/XII/2019 tanggal 20                                    No. 216/FLPP/AKAD/SMF-BTN/XII/2019
            Desember 2019, Bank mendapatkan                                     dated December 20, 2019, the Bank
            pinjaman dalam rangka penyaluran kredit                             received loan which is intended for
            pemilikan   rumah    sejahtera    untuk                             distributing housing loans for low-income
            masyarakat berpenghasilan rendah.                                   communities.




                                                             195
Page 647
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                             25. FUND BORROWINGS (continued)

   e.   Pinjaman dari PT Sarana Multigriya Finansial                 e.   Loan from PT Sarana Multigriya Finansial
        (Persero) (SMF) (lanjutan)                                        (Persero) (SMF) (continued)

        Bank memiliki beberapa perjanjian pinjaman                        The Bank has several loan agreements with
        dengan SMF sebagai berikut (lanjutan):                            SMF as follow (continued):

           Pinjaman SMF Mudharabah Muqayadah                                  SMF Loan Mudharabah Muqayadah
            FLPP Percepatan 2019 (lanjutan)                                     FLPP Percepatan 2019 (continued)

            Pencairan atas fasilitas ini dilakukan                             This disbursement of facility is carried out
            selama availability period sampai dengan                           during the availability period until
            tanggal 31 Desember 2019. Saldo pada                               December 31, 2019. The outstanding
            tanggal 31 Desember 2024, 2023, and                                balance as of December 31, 2024, 2023,
            2022      adalah    sebesar      Rp22.668,                         and 2022 is Rp22,668, Rp24,497, and
            Rp24.497, dan Rp26.238 dengan nisbah                               Rp26,238 with a profit sharing ratio of
            bagi hasil sebesar 22,25% yang dihitung                            22.25%, which is calculated from profit
            dari pendapatan bagi hasil yang                                    sharing income offered for financing
            ditawarkan atas fasilitas pembiayaan yang                          facilities drawn during availability period or
            ditarik selama availability period atau                            an equivalent of 4.45% per annum with
            dengan ekuivalen sebesar setara dengan                             revenue divided by using the average yield
            4,45% per tahun dengan pendapatan                                  rate effective cash financing for KPR
            yang dibagihasilkan yang menggunakan                               Sejahtera Financing equal to 5% per year
            ratarata tingkat imbal hasil kas efektif dari                      for a maximum period of 15 (fifteen) years.
            Pembiayaan KPR Sejahtera sebesar                                   Loan repayments (principal and interest
            setara dengan 5% per tahun dengan                                  instalments) to the SMF are held no later
            jangka waktu paling lama 15 (lima belas)                           than the 10th of each month, if the due date
            tahun. Pengembalian dana pinjaman                                  of principal and interest payments falls on
            (angsuran pokok dan bunga) kepada SMF                              a national holiday, the payment is made on
            dilaksanakan paling lambat tanggal                                 the working day after the payment due
            10 setiap bulannya, apabila tanggal jatuh                          date.
            tempo pembayaran pokok dan bunga
            jatuh pada hari libur nasional, maka
            pembayaran dilakukan pada hari kerja
            sesudah       tanggal      jatuh     tempo
            pembayaran.

           Pinjaman SMF FLPP Percepatan 2019                                  SMF Loan FLPP Percepatan 2019

            Berdasarkan perjanjian No. 203/FLPP/PP/                            Based    on    loan   agreement    No.
            SMF-BTN/XI/2019 tanggal 28 November                                203/FLPP/PP/SMF-BTN/XI/2019      dated
            2019, Bank mendapatkan pinjaman dalam                              November 28, 2019, the Bank received a
            rangka penyaluran kredit pemilikan rumah                           loan which is intended for distributing
            sejahtera       untuk        masyarakat                            housing     loans    for   low-income
            berpenghasilan rendah.                                             communities.




                                                            196
Page 648
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                               unless otherwise stated)


25. PINJAMAN YANG DITERIMA (lanjutan)                                  25. FUND BORROWINGS (continued)

   e.    Pinjaman dari PT Sarana Multigriya Finansial                        e.     Loan from PT Sarana Multigriya Finansial
         (Persero) (SMF) (lanjutan)                                                 (Persero) (SMF) (continued)

         Bank memiliki beberapa perjanjian pinjaman                                 The Bank has several loan agreements with
         dengan SMF sebagai berikut (lanjutan):                                     SMF as follow (continued):

               Pinjaman SMF FLPP Percepatan 2019                                        SMF Loan        FLPP      Percepatan       2019
                (lanjutan)                                                                (continued)

                Pencairan atas fasilitas ini dilakukan                                   This disbursement of facility is carried out
                selama availability period sampai dengan                                 during the availability period until
                tanggal 31 Desember 2019. Saldo pada                                     December 31, 2019. The Outstanding
                tanggal 31 Desember 2024, 2023, and                                      Balance as of December 31, 2024, 2023,
                2022    adalah     sebesar    Rp350.570,                                 and 2022 is amounting to Rp350,570,
                Rp373.929, dan Rp396.120 dengan suku                                     Rp373,929, and Rp396,120 respectively
                bunga paling rendah sebesar 4,45%                                        with the lowest interest rate of 4.45% for a
                dengan jangka waktu paling lama 15 (lima                                 maximum period of 15 (fifteen) years. Loan
                belas) tahun. Pengembalian dana                                          repayments (principal and interest
                pinjaman (angsuran pokok dan bunga)                                      installments) to SMF is no later than the
                kepada SMF dilaksanakan paling lambat                                    10th of each month, if the due date of
                tanggal 10 setiap bulannya, apabila                                      principal and interest payments falls on a
                tanggal jatuh tempo pembayaran pokok                                     national holiday, the payment is made on
                dan bunga jatuh pada hari libur nasional,                                the working day after the payment due
                maka pembayaran dilakukan pada hari                                      date.
                kerja sesudah tanggal jatuh tempo
                pembayaran.

         Pinjaman yang diterima dari pihak-pihak                                    As of December 31, 2024, 2023 and 2022, fund
         berelasi pada tanggal 31 Desember 2024, 2023                               borrowings received from related parties
         dan 2022 masing-masing sebesar Rp                                          amounted to Rp23,352,225, Rp22,453,290 and
         Rp23.352.225,         Rp22.453.290       dan                               Rp17,455,685, respectively (Note 44).
         Rp17.455.685 (Catatan 44).

         Pada tanggal 31 Desember 2024, 2023 dan                                    As of December 31, 2024, 2023 and 2022, the
         2022, Bank telah memenuhi ketentuan dan                                    Bank has complied with all of the existing terms
         kondisi yang ada dalam seluruh perjanjian                                  and condition of the fund borrowing
         pinjaman yang diterima.                                                    agreements.


26. PINJAMAN DAN EFEK-EFEK SUBORDINASI                                 26. SUBORDINATED LOAN AND SECURITIES


                                       31 Desember/        31 Desember/             31 Desember/
                                     December 31, 2024   December 31, 2023        December 31, 2022

    Mata Uang Asing                                                                                                     Foreign Currency
    Pihak Ketiga                                                                                                            Third Parties
    Obligasi Subordinasi                    4.828.105            4.612.840               4.658.242                    Subordinated bonds

    Rupiah                                                                                                                         Rupiah
    Pihak Berelasi (Catatan 44)                                                                                   Related Party (Note 44)
    Pinjaman Subordinasi dari                                                                                    Subordinated Loan from
    PT Sarana Multigriya Finansial                                                                          PT Sarana Multigriya Finansial
         (Persero)                          1.500.000            4.499.997               4.499.977                          (Persero)

        Total                               6.328.105            9.112.837               9.158.219                                  Total




                                                               197
Page 649
                                                               The original financial statements included herein are in the
                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


26. PINJAMAN DAN EFEK-EFEK SUBORDINASI                       26. SUBORDINATED           LOAN      AND      SECURITIES
    (lanjutan)                                                   (continued)

  a. Pinjaman Subordinasi PT Sarana Multigriya                  a.   PT Sarana Multigriya Finansial (Persero) (SMF)
     Finansial (Persero) (SMF)                                       Subordinated Loan
     Akun ini merupakan fasilitas pemberian Pinjaman                 This account is a subordinated loan that was
     Subordinasi yang diperoleh dari PT SMF                          obtained from PT SMF (Persero) that is aimed
     (Persero) yang ditujukan untuk mendukung                        to support the one million housing program.
     Program Sejuta Rumah. Pinjaman Subordinasi                      Subordinated loan in the amount of
     sebesar Rp3.000.000 dengan suku bunga 8,90%                     Rp3,000,000 with interest rate of 8.90% was
     dilakukan pencairan pada tanggal 27 Desember                    withdrawn on December 27, 2019 and will
     2019 yang akan jatuh tempo pada tanggal 27                      mature on December 27, 2024. On 15
     Desember 2024. Pada tanggal 15 November                         November 2021, Bank disburse Subordinated
     2021, Bank melakukan pencairan Pinjaman                         Loan amounting Rp1,500,000 with interest rate
     Subordinasi pada tanggal 15 November 2021                       7.65% mature on November 15, 2026.
     sebesar Rp1.500.000 dengan suku bunga 7,65%
     yang akan jatuh tempo pada tanggal 15
     November 2026.
     Pinjaman subordinasi ini telah mendapat                         Subordinated loan has been approved by
     persetujuan dari Otoritas Jasa Keuangan (OJK)                   Financial Service Authority through letter No. S-
     melalui surat No. S-69/PB.31/2016 tanggal 30                    69/PB.31/2016 dated September 30, 2016 and
     September 2016 dan No. S-21/PB.31/2020                          No. S-21/PB.31/2020 dated February 4, 2020
     tanggal 4 Februari 2020 dan No. S-                              and No. S-261/PB.31/2021 dated November 25,
     261/PB.31/2021 tanggal 25 November 2021.                        2021.

     Bank telah melakukan pelunasan atas pinjaman                    The Bank has fully repaid the loan in the amount
     Subordinasi sebesar Rp3.000.000 saat jatuh                      of Rp3,000,000 at maturity date on December
     tempo pada tanggal 27 Desember 2024 sebesar                     27, 2024 amounting to Rp3 Trillion (full amount).
     Rp3Triliun (angka penuh).

  b. Obligasi Subordinasi                                      b.    Subordinated Bonds
     Pada tanggal 23 Januari 2020, Bank telah                        On January 23, 2020, the Bank issued
     menerbitkan obligasi subordinasi sebesar                        subordinated bonds with a total nominal value of
     ASD300 juta atau ekuivalen Rp4.089.000                          USD300 million or the equivalent to
     dengan tenor 5 tahun dan bunga 4,20% per tahun                  Rp4,089,000, with tenor of 5 years and interest
     dan dicatatkan di Bursa Efek Singapura.                         of 4.20% per annum and listed in the Singapore
     Penerbitan Obligasi tersebut telah dinyatakan                   Stock Exchange.The issuance of Global Bond
     efektif berdasarkan surat Otoritas Jasa                         became effective based on letter No.
     Keuangan No. S-35/PB.31/ 2020 tanggal 26                        S-35/PB.31/2020 dated February 26, 2020.
     Februari 2020.
     Biaya penerbitan obligasi subordinasi tersebut                  The issuance costs of the subordinated bonds
     sebesar Rp23.866 dicatat mengurangi nilai                       amounting to Rp23,866 was recorded as
     obligasi subordinasi dan akan diamortisasi                      deduction to the amount of the subordinated
     sampai dengan tanggal jatuh tempo pada 23                       bonds and amortised until the maturity date on
     Januari 2025.                                                   January 23, 2025.

     Pada tanggal 31 Desember 2024, 2023 dan                         As of December 31, 2024, 2023 and 2022, the
     2022, Bank telah memenuhi ketentuan dan                         Bank has complied with all of the existing terms
     kondisi yang ada dalam seluruh perjanjian                       and conditions of the subordinated loan
     pinjaman subordinasi yang diterima.                             agreements.
     Bank melakukan lindung nilai arus kas atas                      Bank entered into partial cashflow hedge for
     pokok dan bunga dari sebagian porsi obligasi                    principal and interest of subordinated bond
     subordinasi (Catatan 12).                                       (Note 12).




                                                       198
Page 650
                                                                                           The original financial statements included herein are in the
                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


27. BUNGA YANG MASIH HARUS DIBAYAR                                                     27. INTEREST PAYABLE

                                             31 Desember/               31 Desember/              31 Desember/
                                           December 31, 2024          December 31, 2023         December 31, 2022

   Deposito berjangka                                  357.271                   324.118                   334.877                              Time deposits
   Pinjaman subordinasi                                                                                                                      Subordinated loan
      dan efek-efek subordinasi                        110.313                   113.839                   114.971                              and securities
   Pinjaman yang diterima                               78.560                    81.069                    51.072                            Fund borrowings
   Surat-surat berharga yang diterbitkan                54.916                    71.460                    79.538                            Securities issued
   Derivatif                                            57.010                    57.010                    48.908                                   Derivative

   Total                                               658.070                   647.496                   629.366                                         Total



28. ESTIMASI  KERUGIAN                       KOMITMEN                 DAN              28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI                                                                            CONTINGENCIES
   Rincian garansi yang diterbitkan dan fasilitas kredit                                   The classification of guarantees issued and unused
   yang belum ditarik yang mempunyai risiko kredit                                         loan facility bearing credit risks are as follows:
   adalah sebagai berikut:
                                             31 Desember/                     31 Desember/                     31 Desember/
                                           December 31, 2024                December 31, 2023                December 31, 2022

                                     Jumlah nosional                   Jumlah nosional                 Jumlah nosional
                                     mata uang asing                   mata uang asing/                mata uang asing/
                                     Notional amount                   Notional amount                 Notional amount
                                       in foreign                         in foreign                     in foreign
                                       currencies      Ekuivalen/        currencies     Ekuivalen/       currencies       Ekuivalen/
                                     (angka penuh/     Equivalent      (angka penuh/    Equivalent     (angka penuh/      Equivalent
                                      full amount)      Rupiah          full amount)     Rupiah         full amount)       Rupiah



   Rupiah                                                                                                                                                  Rupiah
   Garansi yang diterbitkan (Catatan 40)                  2.579.383                        2.112.148                          887.321 Guarantees issued (Note 40)
   Fasilitas kredit                                                                                                                           Unused loan facility
       yang belum ditarik (committed)                       86.184                          127.083                            92.328            (committed)
   Irrevocable L/C yang masih                                                                                                             Outstanding irrevocable
       berjalan (Catatan 40)                               249.694                           20.106                           221.484         L/Cs (Note 40)

                                                          2.915.261                        2.259.337                        1.201.133


   Mata uang asing                                                                                                                             Foreign currencies
   Garansi yang diterbitkan (Catatan 40)                                                                                              Guarantees issued (Note 40)
      Dolar Amerika Serikat              18.315.405        294.786        30.269.447        466.059        3.869.076           60.232    United States Dollar
     Euro Eropa                          14.908.241        249.834            56.784            968           56.784              942         European Euro

                                                           544.620                          467.027                            61.174

                                                          3.459.881                        2.726.364                        1.237.907



   Pada tanggal 31 Desember 2024, 2023 dan 2022                                             As of December 31, 2024, 2023 and 2022, there are
   tidak terdapat transaksi dengan pihak-pihak berelasi                                     no transaction with related parties for unused loan
   untuk fasilitas kredit yang belum ditarik.                                               facility.
   Pada tanggal 31 Desember 2024, 2023 dan 2022,                                            As of December 31, 2024, 2023 and 2022,
   garansi bank yang diterbitkan kepada pihak-pihak                                         guarantees issued to related parties amounted to
   berelasi, masing-masing sebesar Rp1.072.600,                                             Rp1,072,600, Rp1,116,581 and Rp426,438,
   Rp1.116.581 dan Rp426.438 (Catatan 44).                                                  respectively (Note 44)




                                                                            199
Page 651
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


28. ESTIMASI  KERUGIAN                          KOMITMEN                    DAN            28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                                     CONTINGENCIES (continued)

   Perubahan nilai tercatat bruto adalah sebagai                                                  Movements in the gross carrying amount are as
   berikut:                                                                                       follows:
                                                                        31 Desember/December 31, 2024

                                                   Stage 1             Stage 2          Stage 3         Syariah*)          Total

           Fasilitas kredit yang                                                                                                                               Unused loan
             belum ditarik (committed)                                                                                                              facility (committed)
           Saldo Awal                                   127.083                   -                -                -         127.083                   Beginning balance
           Pengalihan ke:                                                                                                                                       Transfer to:
             Stage 1                                           -                  -                -                -                -                            Stage 1
             Stage 2                                           -                  -                -                -                -                            Stage 2
             Stage 3                                           -                  -                -                -                -                            Stage 3

           Total saldo awal setelah                                                                                                                 Total opening balance
             pengalihan                                 127.083                   -                -                -         127.083                      after transfer


           Pengukuran kembali bersih                                                                                                                 Net remeasurement of
             nilai tercatat                            (17.551)                   -                -                -        (17.551)                    carrying amount
           Aset keuangan baru yang                                                                                                                     New financial assets
             diterbitkan atau dibeli                     32.964                   -                -                -          32.964            originated or purchased
           Aset keuangan yang                                                                                                                       Derecognized financial
             dihentikan pengakuannya                   (56.312)                   -                -                -        (56.312)                              assets

           Total Penambahan/(penurunan)                                                                                                          Total additional/(reversal)
             tahun berjalan                            (40.899)                   -                -                -        (40.899)                    during the year

           Saldo akhir periode                           86.184                   -                -                -          86.184**)    Balance at the end of period



      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109, ”Financial Instruments”
      **) Terdiri dari fasilitas kredit yang committed yang belum ditarik                              **) Consist of committed unused loan facility

                                                                        31 Desember/December 31, 2023

                                                   Stage 1             Stage 2          Stage 3         Syariah*)          Total

           Fasilitas kredit yang                                                                                                                               Unused loan
             belum ditarik (committed)                                                                                                              facility (committed)
           Saldo Awal                                    80.128                   -                -                -          80.128                   Beginning balance
           Pengalihan ke:                                                                                                                                       Transfer to:
             Stage 1                                           -                  -                -                -                -                            Stage 1
             Stage 2                                           -                  -                -                -                -                            Stage 2
             Stage 3                                           -                  -                -                -                -                           Stage 3

           Total saldo awal setelah                                                                                                                 Total opening balance
             pengalihan                                  80.128                   -                -                -          80.128                      after transfer


           Pengukuran kembali bersih                                                                                                                 Net remeasurement of
             nilai tercatat                              29.126                   -                -                -          29.126                    carrying amount
           Aset keuangan baru yang                                                                                                                     New financial assets
             diterbitkan atau dibeli                     26.995                   -                -                -          26.995            originated or purchased
           Aset keuangan yang                                                                                                                       Derecognized financial
             dihentikan pengakuannya                     (9.166)                  -                -                -          (9.166)                             assets


           Total Penambahan/(penurunan)                                                                                                          Total additional/(reversal)
             tahun berjalan                              46.955                   -                -                -          46.955                    during the year

           Saldo akhir tahun                            127.083                   -                -                -         127.083**)      Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109, ”Financial Instruments”
      **) Terdiri dari fasilitas kredit yang committed yang belum ditarik                              **) Consist of committed unused loan facility




                                                                                  200
Page 652
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


28. ESTIMASI  KERUGIAN                          KOMITMEN                    DAN            28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                                     CONTINGENCIES (continued)

   Perubahan nilai tercatat bruto adalah sebagai                                                  Movements in the gross carrying amount are as
   berikut: (lanjutan)                                                                            follows: (continued)
                                                                   31 Desember/December 31, 2022

                                                   Stage 1             Stage 2          Stage 3         Syariah*)          Total

           Fasilitas kredit yang                                                                                                                               Unused loan
             belum ditarik (committed)                                                                                                              facility (committed)
           Saldo Awal                                    89.811              8.123                 -                -          97.934                   Beginning balance
           Pengalihan ke:                                                                                                                                       Transfer to:
             Stage 1                                      8.123             (8.123)                -                -                -                            Stage 1
             Stage 3                                          -                   -                -                -                -                            Stage 3

           Total saldo awal setelah                                                                                                                 Total opening balance
             pengalihan                                  97.934                   -                -                -          97.934                      after transfer


           Pengukuran kembali bersih                                                                                                                 Net remeasurement of
             nilai tercatat                                  226                  -                -                -              226                   carrying amount
           Aset keuangan baru yang                                                                                                                     New financial assets
             diterbitkan atau dibeli                           -                  -                -                -                -           originated or purchased
           Aset keuangan yang                                                                                                                       Derecognized financial
             dihentikan pengakuannya                   (18.032)                   -                -                -        (18.032)                              assets


           Total Penambahan/(penurunan)                                                                                                          Total additional/(reversal)
             tahun berjalan                            (17.806)                   -                -                -        (17.806)                    during the year

           Saldo akhir tahun                             80.128                   -                -                -          80.128**)      Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109, ”Financial Instruments”
      **) Terdiri dari fasilitas kredit yang committed yang belum ditarik                              **) Consist of committed unused loan facility



                                                                        31 Desember/December 31, 2024

                                                   Stage 1             Stage 2          Stage 3         Syariah*)          Total

           Irrevocable L/C yang masih berjalan                                                                                             Outstanding irrevocable L/Cs
           Saldo Awal                                    20.107                   -                -                -          20.107                  Beginning balance
           Pengukuran kembali bersih                                                                                                                Net remeasurement of
              nilai tercatat                          (124.543)                   -                -                -       (124.543)                   carrying amount
           Aset keuangan baru yang                                                                                                                    New financial assets
              diterbitkan atau dibeli                   771.596                   -                -                -         771.596           originated or purchased
           Aset keuangan yang                                                                                                                      Derecognized financial
              dihentikan pengakuannya                 (417.466)                   -                -                -       (417.466)                             assets

           Total penambahan/(penurunan)                                                                                                          Total additional/(reversal)
             tahun berjalan                             229.587                   -                -                -         229.587                   during the period

           Saldo akhir periode                          249.694                   -                -                -         249.694       Balance at the end of period


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109, ”Financial Instruments”


                                                                        31 Desember/December 31, 2023

                                                   Stage 1             Stage 2          Stage 3         Syariah*)          Total

           Irrevocable L/C yang masih berjalan                                                                                             Outstanding irrevocable L/Cs
           Saldo Awal                                   221.484                   -                -                -         221.484                  Beginning balance
           Pengukuran kembali bersih                                                                                                                Net remeasurement of
              nilai tercatat                          (175.450)                   -                -                -       (175.450)                   carrying amount
           Aset keuangan baru yang                                                                                                                    New financial assets
              diterbitkan atau dibeli                   460.627                   -                -                -         460.627           originated or purchased
           Aset keuangan yang                                                                                                                      Derecognized financial
              dihentikan pengakuannya                 (486.555)                   -                -                -       (486.555)                             assets

           Total penambahan/(penurunan)                                                                                                          Total additional/(reversal)
             tahun berjalan                           (201.378)                   -                -                -       (201.378)                   during the period

           Saldo akhir tahun                             20.107                   -                -                -          20.107         Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                           *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                                  201
Page 653
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


28. ESTIMASI  KERUGIAN                     KOMITMEN                 DAN              28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                               CONTINGENCIES (continued)

   Perubahan nilai tercatat bruto adalah sebagai                                            Movements in the gross carrying amount are as
   berikut: (lanjutan)                                                                      follows: (continued)
                                                               31 Desember/December 31, 2022

                                                Stage 1           Stage 2         Stage 3          Syariah*)           Total

          Irrevocable L/C yang masih berjalan                                                                                           Outstanding irrevocable L/Cs
          Saldo Awal                               280.604                  -                -                 -          280.604                   Beginning balance
          Pengukuran kembali bersih                                                                                                              Net remeasurement of
             nilai tercatat                        (75.440)                 -                -                 -         (75.440)                    carrying amount
          Aset keuangan baru yang                                                                                                                  New financial assets
             diterbitkan atau dibeli               683.151                  -                -                 -          638.151            originated or purchased
          Aset keuangan yang                                                                                                                    Derecognized financial
             dihentikan pengakuannya              (666.830)                 -                -                 -        (666.830)                              assets

          Total penambahan/(penurunan)                                                                                                       Total additional/(reversal)
            tahun berjalan                         (59.119)                 -                -                 -         (59.119)                    during the year

          Saldo akhir tahun                        221.484                  -                -                 -          221.484          Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                       *) Not applying SFAS No. 109, ”Financial Instruments”


   Perubahan estimasi kerugian komitmen                               dan                   The movements in the estimated for impairment
   kontinjensi adalah sebagai berikut:                                                      losses on commitments and contingencies are as
                                                                                            follows:
                                           31 Desember/               31 Desember/                 31 Desember/
                                         December 31, 2024          December 31, 2023            December 31, 2022

    Rupiah                                                                                                                                                  Rupiah
    Saldo awal tahun                                      3.580                    4.719                       3.644                   Balance at beginning of year
    Penyisihan/(pemulihan)                                                                                                                  Provision/(reversal) for
      kerugian penurunan nilai                                                                                                            impairment losses during
      selama tahun berjalan                               (195)                   (1.139)                      1.075                                       the year

    Saldo akhir                                           3.385                    3.580                       4.719                            Balance at the end




                                                                   31 Desember/December 31, 2024

                                                Stage 1           Stage 2         Stage 3          Syariah*)           Total

          Fasilitas kredit yang                                                                                                                            Unused loan
            belum ditarik (committed)                                                                                                           facility (committed)
          Saldo awal                                 3.564                  -                -                 -            3.564                   Beginning balance
          Pengalihan ke:                                                                                                                                    Transfer to:
            Stage 1                                        -                -                -                 -                   -                          Stage 1
            Stage 2                                        -                -                -                 -                   -                          Stage 2
            Stage 3                                        -                -                -                 -                   -                          Stage 3

          Total saldo awal setelah                                                                                                               Total opening balance
            pengalihan                               3.564                  -                -                 -            3.564                       after transfer


          Pengukuran kembali bersih                                                                                                              Net remeasurement of
            penurunan nilai                         (1.686)                 -                -                 -           (1.686)                 impairment losses
          Aset keuangan baru yang                                                                                                                  New financial assets
            diterbitkan atau dibeli                  2.711                  -                -                 -            2.711            originated or purchased
          Aset keuangan yang                                                                                                                    Derecognized financial
            dihentikan pengakuannya                 (1.243)                 -                -                 -           (1.243)                              asset

          Total Penambahan/(penurunan)                                                                                                       Total Additional(reversal)/
            tahun berjalan                            (218)                 -                -                 -               (218)                 during the year

          Saldo akhir periode                        3.346                  -                -                 -            3.346        Balance at the end of period


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                       *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                            202
Page 654
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)


28. ESTIMASI  KERUGIAN                    KOMITMEN                DAN             28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                            CONTINGENCIES (continued)

   Perubahan cadangan kerugian komitmen dan                                               The movements in the allowance for impairment
   kontinjensi adalah sebagai berikut (lanjutan):                                        losses on commitments and contingencies are as
                                                                                         follows (continued):
                                                                31 Desember/December 31, 2023

                                             Stage 1           Stage 2         Stage 3          Syariah*)         Total

          Fasilitas kredit yang                                                                                                                       Unused loan
            belum ditarik (committed)                                                                                                      facility (committed)
          Saldo awal                               4.607                  -               -                 -          4.607                   Beginning balance
          Pengalihan ke:                                                                                                                               Transfer to:
            Stage 1                                      -                -               -                 -                 -                          Stage 1
            Stage 2                                      -                -               -                 -                 -                          Stage 2
            Stage 3                                      -                -               -                 -                 -                          Stage 3

          Total saldo awal setelah                                                                                                         Total opening balance
            pengalihan                             4.607                  -               -                 -          4.607                      after transfer


          Pengukuran kembali bersih                                                                                                         Net remeasurement of
            penurunan nilai                        (992)                  -               -                 -             (992)               impairment losses
          Aset keuangan baru yang                                                                                                             New financial assets
            diterbitkan atau dibeli                    938                -               -                 -              938          originated or purchased
          Aset keuangan yang                                                                                                               Derecognized financial
            dihentikan pengakuannya                (989)                  -               -                 -             (989)                            asset

          Total Penambahan/(penurunan)                                                                                                  Total Additional(reversal)/
            tahun berjalan                       (1.043)                  -               -                 -         (1.043)                   during the year

          Saldo akhir tahun                        3.564                  -               -                 -          3.564         Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                  *) Not applying SFAS No. 109, ”Financial Instruments”



                                                             31 Desember/December 31, 2022

                                             Stage 1           Stage 2         Stage 3          Syariah*)         Total

          Fasilitas kredit yang                                                                                                                       Unused loan
            belum ditarik (committed)                                                                                                      facility (committed)
          Saldo awal                               1.640             1.640                -                 -          3.280                   Beginning balance
          Pengalihan ke:                                                                                                                               Transfer to:
            Stage 1                                1.640            (1.640)               -                 -                 -                          Stage 1
            Stage 3                                    -                  -               -                 -                 -                          Stage 3

          Total saldo awal setelah                                                                                                         Total opening balance
            pengalihan                             3.280                  -               -                 -          3.280                      after transfer


          Pengukuran kembali bersih                                                                                                         Net remeasurement of
            penurunan nilai                        1.792                  -               -                 -          1.792                  impairment losses
          Aset keuangan baru yang                                                                                                             New financial assets
            diterbitkan atau dibeli                      -                -               -                 -                 -         originated or purchased
          Aset keuangan yang                                                                                                               Derecognized financial
            dihentikan pengakuannya                (465)                  -               -                 -             (465)                            asset

          Total Penambahan/(penurunan)                                                                                                  Total Additional(reversal)/
            tahun berjalan                         1.327                  -               -                 -          1.327                    during the year

          Saldo akhir tahun                        4.607                  -               -                 -          4.607         Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                  *) Not applying SFAS No. 109, ”Financial Instruments”




                                                                         203
Page 655
                                                                                             The original financial statements included herein are in the
                                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


28. ESTIMASI  KERUGIAN                    KOMITMEN                    DAN             28. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                                CONTINGENCIES (continued)
   Perubahan cadangan kerugian komitmen dan                                                  The movements in the allowance for impairment
   kontinjensi adalah sebagai berikut (lanjutan):                                            losses on commitments and contingencies are as
                                                                                             follows (continued):

                                                                 31 Desember/December 31, 2024

                                                Stage 1            Stage 2         Stage 3          Syariah*)         Total

          Irrevocable L/C yang masih berjalan                                                                                         Outstanding irrevocable L/Cs
          Saldo Awal                                       16                -                -                 -               16                Beginning balance
          Pengukuran kembali bersih                                                                                                            Net remeasurement of
             nilai tercatat                                (3)               -                -                 -               (3)                carrying amount
          Aset keuangan baru yang                                                                                                                New financial assets
             diterbitkan atau dibeli                       51                -                -                 -               51         originated or purchased
          Aset keuangan yang                                                                                                                  Derecognized financial
             dihentikan pengakuannya                      (25)               -                -                 -              (25)                          assets

          Total Penambahan/(penurunan)                                                                                                      Total additional/(reversal)
            period berjalan                                23                -                -                 -               23                  period the year

          Saldo akhir periode                              39                -                -                 -               39     Balance at the end of period


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                      *) Not applying SFAS No. 109, ”Financial Instruments”

                                                                 31 Desember/December 31, 2023

                                                Stage 1            Stage 2         Stage 3          Syariah*)         Total

          Irrevocable L/C yang masih berjalan                                                                                         Outstanding irrevocable L/Cs
          Saldo Awal                                      112                -                -                 -              112                Beginning balance
          Pengukuran kembali bersih                                                                                                            Net remeasurement of
             nilai tercatat                         (7.355)                  -                -                 -         (7.355)                  carrying amount
          Aset keuangan baru yang                                                                                                                New financial assets
             diterbitkan atau dibeli                 7.567                   -                -                 -          7.567           originated or purchased
          Aset keuangan yang                                                                                                                  Derecognized financial
             dihentikan pengakuannya                  (308)                  -                -                 -             (308)                          assets

          Total Penambahan/(penurunan)                                                                                                      Total additional/(reversal)
            period berjalan                               (96)               -                -                 -              (96)                 period the year

          Saldo akhir tahun                                16                -                -                 -               16       Balance at the end of year


      *) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan”                                      *) Not applying SFAS No. 109, ”Financial Instruments”


                                                                    31 Desember/December 31, 2022

                                                Stage 1            Stage 2         Stage 3          Syariah*)         Total

          Irrevocable L/C yang masih berjalan                                                                                         Outstanding irrevocable L/Cs
          Saldo Awal                                      364                -                -                 -              364                Beginning balance
          Pengukuran kembali bersih                                                                                                            Net remeasurement of
             nilai tercatat                               (83)               -                -                 -              (83)                carrying amount
          Aset keuangan baru yang                                                                                                                New financial assets
             diterbitkan atau dibeli                 1.395                   -                -                 -          1.395           originated or purchased
          Aset keuangan yang                                                                                                                  Derecognized financial
             dihentikan pengakuannya                (1.564)                  -                -                 -         (1.564)                            assets

          Total Penambahan/(penurunan)                                                                                                      Total additional/(reversal)
            period berjalan                           (252)                  -                -                 -             (252)                 period the year

          Saldo akhir tahun                               112                -                -                 -              112       Balance at the end of year


      *) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan”                                       *) Not applying SFAS No. 109 ”Financial Instruments”


   Manajemen berpendapat bahwa penyisihan                                                    Based on management’s assessment, the amount
   estimasi kerugian komitmen dan kontinjensi yang                                           of estimated losses on commitments and
   dibentuk telah memadai.                                                                   contingencies is adequate.




                                                                             204
Page 656
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


29. LIABILITAS IMBALAN KERJA DAN LAIN-LAIN                               29. EMPLOYEE BENEFITS AND OTHER LIABILITIES

                                         31 Desember/        31 Desember/           31 Desember/
                                       December 31, 2024   December 31, 2023      December 31, 2022

    Liabilitas imbalan kerja                                                                                    Employee benefits liabilities
    Bonus dan tantiem                           396.171              730.178                855.623                    Bonuses and tantiem
    Imbalan kerja jangka panjang                                                                               Long term employee benefits
       (Catatan 41b)                          1.349.111            1.279.342              1.073.511                         (Note 41b)

                                              1.745.282            2.009.520              1.929.134

    Liabilitas lain-lain                                                                                                        Other liabilities
    Dana jaminan pengembang                                                                                    Developers’ security deposits
       (kewajiban pada pihak ketiga)            304.326              511.858              4.680.949             (liabilities to third party)
    Liabilitas sewa                             165.706              186.696                167.633                               Lease liability
    Lainnya                                     156.854              243.774                471.269                                      Others

                                                626.886              942.328              5.319.851

    Total                                     2.372.168            2.951.848              7.248.985                                       Total



   Cadangan atas bonus merupakan kewajiban atas                                Provision for bonus represents unpaid employees’
   jasa produksi karyawan pada tahun berjalan yang                             bonus for the current year which has not yet been
   belum dibagikan pada akhir tahun.                                           distributed at the end of the year.

   Dana jaminan pengembang merupakan setoran                                   Developer’s security deposits represent security
   jaminan dari pengembang untuk menjamin                                      deposit from developer to ensure that the developer
   penyelesaian kewajiban pengembang di Bank.                                  settle its obligation to the Bank.

   Bank telah mengidentifikasi dugaan pemalsuan                                The Bank has identified an indication of forged
   bilyet deposito Bank dan dari hasil pemeriksaan                             transaction in the Bank’s certificate of time deposits
   Bank menunjukkan bahwa terdapat beberapa bilyet                             and based on the Bank’s investigation, there were
   deposito Bank yang diduga dipalsukan oleh pihak                             several Bank’s certificate of time deposits forged by
   lain di luar Bank sehingga tidak tercatat dalam                             third party, therefore it is not recorded in the Bank’s
   sistem Bank. Bank telah melaporkan kasus tersebut                           system. The Bank has reported this case to the
   kepada pihak berwajib dan saat ini sedang dalam                             authority and currently it is in the process of
   proses penyidikan sehingga jumlah pasti atas                                investigation, therefore the definite amount of
   potensi kerugian dari kasus tersebut belum dapat                            pontential loss from this case is still cannot be
   ditentukan. Sebagai bentuk penerapan prinsip                                determined yet. In view of implementation of
   kehati-hatian, Bank telah membentuk cadangan                                prudential banking principle, the Bank has provided
   atas potensi kerugian operasional masing-masing                             allowance for potential operational losses as of
   per tanggal 31 Desember 2024, 2023 dan 2022                                 December 31, 2024, 2023 and 2022 amounting to
   sebesar Rp16.382, Rp32.971 dan Rp16.590.                                    Rp16,382, Rp32,971 and Rp16,590, respectively.




                                                                 205
Page 657
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


29. LIABILITAS IMBALAN KERJA DAN LAIN-LAIN                               29. EMPLOYEE BENEFITS AND OTHER LIABILITIES
    (lanjutan)                                                               (continued)

  Pengungkapan liabilitas sewa pada tanggal                                    Disclosure of lease liabilities on December 31,
  31 Desember 2024, 2023 dan 2022 adalah sebagai                               2024, 2023 and 2022 is as follows:
  berikut:
                                                   31 Desember/December 31, 2024

                                                                 Beban bunga         Pembayaran
                                                Penambahan       atas liabilitas        liabilitas
                               1 Januari/     liabilitas sewa/       sewa/                sewa/          31 Desember/
                              January 1,        Additions of    Interest expense Payment of              December 31,
                                2024          lease liabilities of lease liabilities lease liabilities       2024

         Bangunan                   30.488              7.036                 279             (9.284)          28.240               Building
         Kendaraan                 156.037             65.382               8.331           (83.953)          137.466         Motor vehicles
         Mesin ATM                      48                  -                   -                (48)               -         ATM machine
         Lainnya                       123                  -                   -               (123)               -                Others

         Total                     186.696             72.418               8.610           (93.408)          165.706                 Total


                                                   31 Desember/December 31, 2023
                                                                 Beban bunga         Pembayaran
                                                Penambahan       atas liabilitas        liabilitas
                               1 Januari/     liabilitas sewa/       sewa/                sewa/          31 Desember/
                              January 1,        Additions of    Interest expense Payment of              December 31,
                                2023          lease liabilities of lease liabilities lease liabilities       2023

          Bangunan                  47.274              1.260               1.264           (18.046)           30.488               Building
          Kendaraan                118.726             99.737               8.933           (62.426)          156.037         Motor vehicles
          Mesin ATM                  1.510                 39                  39            (1.501)               48         ATM machine
          Lainnya                      123                  -                   -                   -             123                Others

         Total                     167.633            101.036             10.236            (81.973)          186.696                 Total


                                                   31 Desember/December 31, 2022
                                                                 Beban bunga         Pembayaran
                                                Penambahan       atas liabilitas        liabilitas
                                 1 Januari/   liabilitas sewa/       sewa/                sewa/          31 Desember/
                                January 1,      Additions of    Interest expense Payment of               December 31,
                                   2022       lease liabilities of lease liabilities lease liabilities       2022

          Bangunan                  95.663              3.571               3.571           (51.960)           47.274               Building
          Kendaraan                 25.920            122.449               6.293           (29.643)          118.726         Motor vehicles
          Mesin ATM                  4.605                247                 246            (3.342)            1.510         ATM machine
          Lainnya                      160                  1                   1                (38)             123                Others

          Total                    126.348            126.268             10.111            (84.983)          167.633                 Total




                                                             206
Page 658
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


30. EKUITAS                                                              30. EQUITY
   a.    Modal Saham                                                           a.   Capital Stock
         Rincian modal dasar, modal ditempatkan dan                                 The details of the Bank’s authorized capital
         disetor penuh Bank adalah sebagai berikut:                                 stock and issued and fully paid capital stock are
                                                                                    as follows:

                                                       31 Desember/December 31, 2024

                                                        Nilai nominal
                                                      per lembar saham
                                   Jumlah lembar      (Rupiah penuh)/     Jumlah nilai       Persentase
                                      saham/              Par value         saham/          kepemilikan/
                                     Number of            per share       Total value        Percentage
                                      shares            (Full Rupiah)      of shares         ownership
        Modal Dasar                                                                                                    Authorized Capital
         Saham Seri A Dwiwarna                   1                500                  -          0,00%         Series A Dwiwarna Stock
         Saham Biasa atas
           nama Seri B               20.478.431.999               500       10.239.216          100,00%          Series B Common Stock

                                     20.478.432.000                         10.239.216          100,00%

        Modal Ditempatkan dan
         Disetor Penuh                                                                                      Issued and Fully Paid Capital
         Saham Seri A Dwiwarna                                                                                 Series A Dwiwarna Stock
           Pemerintah                            1                500                  -          0,00%                Government
          Saham Seri B                                                                                                   Series B Stock
            Pemerintah                8.420.666.647               500        4.210.333           60,00%                 Government

          Dewan Komisaris                                                                                      Board of Commissioners
             Herry Trisaputra Zuna         879.300                500               440           0,01%       Herry Trisaputra Zuna
             Himawan Arief Sugoto          879.300                500               440           0,01%       Himawan Arief Sugoto

          Direksi                                                                                                               Directors
               Nixon L.P Napitupulu       5.399.000               500            2.699            0,04%         Nixon L.P Napitupulu
              Oni Febriarto Rahardjo      1.149.100               500              574            0,01%       Oni Febriarto Rahardjo
              Nofry Rony Poetra           3.527.422               500            1.764            0,03%            Nofry Rony Poetra
              Elisabeth Novie Riswanti    2.729.600               500            1.365            0,02%     Elisabeth Novie Riswanti
              Eko Waluyo                  2.868.364               500            1.434            0,02%                   Eko Waluyo
              Setiyo Wibowo               2.889.100               500            1.445            0,02%               Setiyo Wibowo
              Jasmin                      3.844.430               500            1.922            0,03%                       Jasmin
              Andi Nirwoto                2.818.561               500            1.409            0,02%                  Andi Nirwoto
              Hirwandi Gafar              2.759.714               500            1.380            0,02%               Hirwandi Gafar
              Hakim Putratama               794.400               500              397            0,01%             Hakim Putratama

            Masyarakat
             (kepemilikan masing
             -masing dibawah 5%                                                                               Public (ownership less
             untuk setiap pihak)      5.583.239.474               500        2.791.620           39,78%            than 5% each)
        Total                        14.034.444.413                          7.017.222          100,00%                                Total




                                                                  207
Page 659
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


30. EKUITAS (lanjutan)                                                     30. EQUITY (continued)

   a.    Modal Saham (lanjutan)                                                 a.   Capital Stock (continued)

         Rincian modal dasar, modal ditempatkan dan                                  The details of the Bank’s authorized capital
         disetor penuh Bank adalah sebagai berikut                                   stock and issued and fully paid capital stock are
         (lanjutan):                                                                 as follows (continued):

                                                        31 Desember/December 31, 2023

                                                         Nilai nominal
                                                       per lembar saham
                                     Jumlah lembar     (Rupiah penuh)/     Jumlah nilai       Persentase
                                        saham/             Par value         saham/          kepemilikan/
                                       Number of           per share       Total value        Percentage
                                        shares           (Full Rupiah)      of shares         ownership
        Modal Dasar                                                                                                     Authorized Capital
         Saham Seri A Dwiwarna                     1         500                        -          0.00%         Series A Dwiwarna Stock
         Saham Biasa atas
           nama Seri B                20.478.431.999         500             10.239.216          100.00%          Series B Common Stock

                                      20.478.432.000                         10.239.216          100,00%

        Modal Ditempatkan dan
         Disetor Penuh                                                                                       Issued and Fully Paid Capital
         Saham Seri A Dwiwarna                                                                                  Series A Dwiwarna Stock
           Pemerintah                              1         500                        -          0.00%                Government
          Saham Seri B                                                                                                    Series B Stock
            Pemerintah                 8.420.666.647         500              4.210.333           60,00%                 Government
          Dewan Komisaris                                                                                       Board of Commissioners
             Herry Trisaputra Zuna          404.600          500                     202           0,00%       Herry Trisaputra Zuna
             Himawan Arief Sugoto           404.600          500                     202           0,00%       Himawan Arief Sugoto

        Direksi                                                                                                                  Directors
                Nixon L.P Napitupulu       4.250.500         500                  2.125            0,03%         Nixon L.P Napitupulu
                Oni Febriarto Rahardjo       308.000         500                    154            0,01%       Oni Febriarto Rahardjo
                Nofry Rony Poetra          2.531.022         500                  1.266            0,02%            Nofry Rony Poetra
                Elisabeth Novie Riswanti   1.733.200         500                    867            0,01%     Elisabeth Novie Riswanti
                Eko Waluyo                 1.871.964         500                    936            0,01%                   Eko Waluyo
                Setiyo Wibowo              1.892.700         500                    946            0,01%               Setiyo Wibowo
                Jasmin                     2.848.030         500                  1.424            0,02%                       Jasmin
                Andi Nirwoto               1.822.161         500                    911            0,01%                  Andi Nirwoto
                Hirwandi Gafar             1.763.314         500                    882            0,01%               Hirwandi Gafar
            Masyarakat
             (kepemilikan masing
             -masing dibawah 5%                                                                                Public (ownership less
             untuk setiap pihak)       5.593.947.673         500              2.796.974           39,86%            than 5% each)
        Total                         14.034.444.413                          7.017.222          100,00%                                Total




                                                                   208
Page 660
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


30. EKUITAS (lanjutan)                                                   30. EQUITY (continued)

   a.    Modal Saham (lanjutan)                                               a.   Capital Stock (continued)

         Rincian modal dasar, modal ditempatkan dan                                The details of the Bank’s authorized capital
         disetor penuh Bank adalah sebagai berikut                                 stock and issued and fully paid capital stock are
         (lanjutan):                                                               as follows (continued):

                                                      31 Desember/December 31, 2022

                                                       Nilai nominal
                                                     per lembar saham
                                   Jumlah lembar     (Rupiah penuh)/     Jumlah nilai       Persentase
                                      saham/             Par value         saham/          kepemilikan/
                                     Number of           per share       Total value        Percentage
                                      shares           (Full Rupiah)      of shares         ownership
        Modal Dasar                                                                                                   Authorized Capital
         Saham Seri A Dwiwarna                   1         500                        -          0.00%         Series A Dwiwarna Stock
         Saham Biasa atas
           nama Seri B              20.478.431.999         500             10.239.216          100.00%          Series B Common Stock

                                    20.478.432.000                         10.239.216          100,00%

        Modal Ditempatkan dan
         Disetor Penuh                                                                                     Issued and Fully Paid Capital
         Saham Seri A Dwiwarna                                                                                Series A Dwiwarna Stock
           Pemerintah                            1         500                        -          0.00%                Government
          Saham Seri B                                                                                                 Series B Stock
            Pemerintah               6.353.999.999         500              3.177.000           60,00%                Government
          Direksi                                                                                                             Directors
               Haru Koesmahargyo           304.600         500                    152            0,00%         Haru Koesmahargyo
              Nixon L.P Napitupulu       2.481.800         500                  1.241            0,02%         Nixon L.P Napitupulu
              Hirwandi Gafar               603.900         500                    302            0,01%               Hirwandi Gafar
              Elisabeth Novie Riswanti     581.200         500                    291            0,01%     Elisabeth Novie Riswanti
              Andi Nirwoto                 648.300         500                    324            0,01%                 Andi Nirwoto
              Eko Waluyo                   686.300         500                    343            0,01%                  Eko Waluyo
              Nofry Rony Poetra          1.034.600         500                    517            0,01%           Nofry Rony Poetra
              Jasmin                     1.422.400         500                    711            0,01%                      Jasmin
              Setiyo Wibowo                547.900         500                    274            0,00%               Setiyo Wibowo
            Masyarakat
             (kepemilikan masing
             -masing dibawah 5%                                                                              Public (ownership less
             untuk setiap pihak)     4.227.689.000         500              2.113.845           39,92%            than 5% each)
        Total                       10.590.000.000                          5.295.000          100,00%                                Total



         Saham Seri A Dwiwarna adalah saham yang                                   Series A Dwiwarna share is the share that gives
         memberikan      hak-hak   preferen   kepada                               the shareholder preferential rights to approve
         pemegangnya untuk menyetujui pengangkatan                                 the appointment or dismissal of Commissioners
         dan pemberhentian Dewan Komisaris dan                                     and Directors, changes in Articles of
         Direksi, perubahan anggaran dasar, menyetujui                             Association, approve on Bank’s merger,
         penggabungan, peleburan, pengambilalihan                                  dissolution,     acquisition and    separation,
         dan pemisahan Bank, pengajuan permohonan                                  submission of request for bankruptcy and
         agar Bank dinyatakan pailit dan pembubaran                                liquidation of the Bank.
         Bank.

         Saham Seri B adalah saham biasa atas nama                                 Series B shares are common shares that can be
         yang dapat dimiliki oleh masyarakat.                                      owned by the public.




                                                                 209
Page 661
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


30. EKUITAS (lanjutan)                                           30. EQUITY (continued)

   a.   Modal Saham (lanjutan)                                       a.       Capital Stock (continued)

        Kepemilikan saham oleh Dewan Komisaris dan                            The shares ownership by board of
        Direksi adalah dalam rangka Peraturan Otoritas                        commissioners and board of directors follows
        Jasa Keuangan (POJK) No. 45/POJK.03/2015                              the Financial Services Authority Regulation
        tanggal 23 Desember 2015 tentang Penerapan                            (POJK) No. 45/POJK.03/2015 dated December
        Tata Kelola dalam Pemberian Remunerasi Bagi                           23, 2015 concerning Implementation of
        Bank Umum, dimana anggota Direksi dan                                 Governance in the Provision of Remuneration
        Dewan Komisaris Non-Independen diberikan                              for Commercial Banks, where members of the
        remunerasi yang bersifat variabel dalam bentuk                        Directors and Board of Commissioners are
        saham Perseroan.                                                      given variable remuneration in the form of the
                                                                              Company's shares.

        Saham yang dimiliki oleh Dewan Komisaris dan                          Shares held by the Board of Commissioners
        Direksi untuk tahun yang berakhir pada tanggal                        and Board of Directors for the years ended
        31 Desember 2024, 2023 dan 2022 masing-                               December 31, 2024, 2023 and 2022 amounted
        masing sebesar 30.538.291, 19.830.091                                 to 30,538,291, 19,830,091 shares and
        lembar saham dan 8.311.000 lembar saham                               8,311,000 shares or 0.22%, 0.11% and 0.08%
        atau 0,22%, 0,11% dan 0,08% dari jumlah                               of the total authorized capital, respectively.
        modal dasar.

   b.   Tambahan modal disetor                                       b.       Additional Paid In Capital

        Perubahan tambahan modal disetor adalah                               The movements in additional paid in capital are
        sebagai berikut:                                                      as follows:

        Saldo pada tanggal 1 Januari 2009                                 -                     Balance as January 1, 2009
        Tambahan Modal disetor akibat                                                          Additional Paid in capital due
         penawaran umum perdana tahun 2009                      708.017                    to Initial Public Offering in 2009

        Biaya emisi penerbitan saham                             (68.391)                             Shares Issuance Cost
                                                                639.626
        Tambahan Modal disetor akibat
         adanya pelaksanaan opsi                                                           Additional Paid in capital due to
         pembelian (eksekusi) saham                                                       purchased stock option during
         MESOP I tahap 1 dan 2 Tahun 2011                        94.733              phases 1 and 2 of MESOP I in 2011
                                                                734.359
        Tambahan Modal disetor akibat
         adanya pelakskanaan opsi                                                          Additional Paid in capital due to
         pembelian (eksekusi) saham                                                       purchased stock option during
         MESOP I tahap 3 dan 4 Tahun 2012                         5.219              phases 3 and 4 of MESOP I in 2012

        Tambahan Modal disetor akibat
         adanya pelaksanaan opsi                                                           Additional Paid in capital due to
         pembelian (eksekusi) saham                                                        purchased stock option during
         MESOP II tahap 1 dan 2 Tahun 2012                        1.130              phases 1 and 2 of MESOP II in 2012
                                                                740.708
        Tambahan Modal disetor akibat
         Penawaran Umum Saham                                                                Additional paid in capital due to
         Terbatas I pada tahun 2012                            1.111.949                              Right Issue I in 2012

        Biaya emisi penerbitan saham                             (59.154)                             Shares Issuance Cost
                                                               1.793.503




                                                         210
Page 662
                                                               The original financial statements included herein are in the
                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                   unless otherwise stated)


30. EKUITAS (lanjutan)                                     30. EQUITY (continued)

   b.    Tambahan modal disetor (lanjutan)                     b.    Additional paid-in capital (continued)

         Perubahan tambahan modal disetor adalah                     The movements in additional paid in capital are
         sebagai berikut: (lanjutan)                                 as follows: (continued)
           Tambahan Modal disetor akibat
           adanya pelaksanaan opsi                                                 Additional Paid in capital due to
           pembelian (eksekusi) saham                                              purchased stock option during
           MESOP I tahap 5 dan 6 Tahun 2013                11.063             phases 5 and 6 of MESOP I in 2013

         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                 Additional Paid in capital due to
          pembelian (eksekusi) saham                                              purchased stock option during
          MESOP II tahap 3 dan 4 Tahun 2013               117.623            phases 3 and 4 of MESOP II in 2013

         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                  Additional Paid in capital due to
          pembelian (eksekusi) saham                                               purchased stock option during
          MESOP III tahap 1 dan 2 Tahun 2013              103.575            phases 1 and 2 of MESOP III in 2013
                                                         2.025.764
         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                  Additional Paid in capital due to
          pembelian (eksekusi) saham                                               purchased stock option during
          MESOP I tahap 7 dan 8 Tahun 2014                  1.840             phases 7 and 8 of MESOP I in 2014

         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                 Additional Paid in capital due to
          pembelian (eksekusi) saham                                              purchased stock option during
          MESOP II tahap 5 dan 6 Tahun 2014                   243            phases 5 and 6 of MESOP II in 2014

         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                  Additional Paid in capital due to
          pembelian (eksekusi) saham                                               purchased stock option during
          MESOP III tahap 3 dan 4 Tahun 2014                  289            phases 3 and 4 of MESOP III in 2014
                                                         2.028.136
         Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                  Additional Paid in capital due to
          pembelian (eksekusi) saham                                               purchased stock option during
          MESOP II tahap 7 dan 8 serta                                          phases 7 and 8 of MESOP II and
          MESOP III tahap 5 dan 6 Tahun 2015               18.462            phases 5 and 6 of MESOP III in 2015
                                                         2.046.598
        Tambahan Modal disetor akibat
          adanya pelaksanaan opsi                                                    Additional Paid in capital due to
          pembelian (eksekusi) saham                                                 purchased stock option during
          MESOP III tahap 7 Tahun 2016                      7.856                    phase 7 of MESOP III in 2016
                                                         2.054.454
         Tambahan Modal disetor akibat
          Penawaran Umum Saham                                                       Additional paid in capital due to
          Terbatas II pada tahun 2022/2023               2.411.111                       Right Issue II in 2022/2023


         Biaya Emisi Penerbitan Saham                     (46.665)                              Shares Issuance Cost

                                                         4.418.900




                                                   211
Page 663
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


30. EKUITAS (lanjutan)                                          30. EQUITY (continued)

   c.   Penggunaan Laba                                            c.    Profit Distribution

        Penggunaan Laba Tahun 2023                                      Profit Distribution for Year 2023

        Alokasi penggunaan laba untuk tahun yang                        Allocation of profit distribution for the year ended
        berakhir pada tanggal 31 Desember 2023                          December 31, 2023, are as follow:
        adalah sebagai berikut:                                         a. Dividends amounted to Rp700,198
        a. Dividen sebesar Rp700.198                                    b. Appropriated retained earnings amounted to
        b. Laba ditahan yang telah ditentukan                               Rp2,800,790
            penggunaannya Rp2.800.790

        Penggunaan Laba Tahun 2022                                      Profit Distribution for Year 2022

        Alokasi penggunaan laba untuk tahun yang                        Allocation of profit distribution for the year ended
        berakhir pada tanggal 31 Desember 2022                          December 31, 2022, are as follow:
        adalah sebagai berikut:                                         c. Dividends amounted to Rp609,015
        c. Dividen sebesar Rp609.015                                    d. Appropriated retained earnings amounted to
        d. Laba ditahan yang telah ditentukan                               Rp2,436,057
            penggunaannya Rp2.436.057

        Penggunaan Laba Tahun 2021                                      Profit Distribution for Year 2021
        Alokasi penggunaan laba untuk tahun yang                        Allocation of profit distribution for the year ended
        berakhir pada tanggal 31 Desember 2021                          December 31, 2021 are as follow:
        adalah sebagai berikut:                                         a. Dividends amounted to Rp237,624
        a. Dividen sebesar Rp237.624                                    b. Appropriated retained earnings amounted to
        b. Laba ditahan yang telah ditentukan                               Rp2,138,602
            penggunaannya Rp2.138.602

   d.   Dana Setoran Modal                                         d.    Capital deposit fund
        Berdasarkan Rapat Umum Pemegang Saham                           Based on extraordinary meeting of shareholder
        Luar Biasa Tanggal 18 Oktober 2022, Para                        dated October 18, 2022, the shareholder of the
        Pemegang Saham Bank Menyetujui Untuk                            Bank approved the additional capital through the
        Melakukan Penambahan Modal Melalui                              Limited Public Offering II (PUT II) with pre-
        Penawaran Umum Terbatas II (PUT II) Dengan                      emptive rights to the Bank’s shareholders at the
        Memberikan Hak Memesan Efek Terlebih                            most 4,600,000,000 (four billion six hundred
        Dahulu (PMHMETD) kepada para pemegang                           million) common registered shares with a
        saham Bank sejumlah 4.600.000.000 (empat                        nominal value of Rp500 (full amount) per share
        miliar enam ratus juta) lembar saham dengan                     with exercise price of Rp1,200 (full amount) per
        nominal sebesar Rp500 (nilai penuh) (lima ratus                 share.
        rupiah) per lembar saham dengan harga
        pelaksanaan Rp1.200 (nilai penuh) (seribu dua
        ratus rupiah) per lembar saham.

        Bank melakukan pembukuan Penambahan                             The bank has recorded additional capital with
        Modal Dengan Hak Memesan Efek Terlebih                          pre-emptive rights (PMHMETD) for Bank BTN in
        Dahulu (PMHMETD) Bank BTN Tahun 2022                            2022 with a capital deposit from government of
        dengan setoran modal dari pemerintah sebesar                    Rp2,480,000 and paid up capital for the public
        Rp2.480.000 dan setoran modal dari publik                       Rp276,575.
        sebesar Rp276.575.

        Berdasarkan kajian legal yang telah dilakukan                   Based on legal assessment that conducted by
        oleh Bank, dana penambahan modal melalui                        the bank, the additional capital through
        PMHMETD sudah dapat diakui sebagai modal                        PMHMETD can already be recognized as paid-
        disetor dikarenakan sudah terdapatnya akta                      up capital due to the deed of amendment to the
        perubahan anggaran dasar Bank pada tanggal                      Bank's articles of association on March 16, 2023.
        16 Maret 2023.




                                                          212
Page 664
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                               unless otherwise stated)


31. PENDAPATAN BUNGA DAN BAGI HASIL                                    31. INTEREST INCOME AND INCOME FROM PROFIT
                                                                           SHARING

   a.    Pendapatan Bunga                                                    a.    Interest Income

          Akun ini terdiri dari:                                                   This account consists of:

                                                     Tahun yang berakhir pada
                                                       Tanggal 31 Desember/
                                                  For the year Ended December 31

                                           2024               2023                     2022

        Biaya perolehan diamortisasi                                                                                     Amortized cost
        Kredit yang diberikan              23.175.484           22.387.831             20.955.847                                 Loans
                                                                                                                    Current accounts with
        Giro pada Bank Indonesia             417.741              480.068                 217.757                     Bank Indonesia

        Penempatan pada Bank                                                                              Placements with Bank Indonesia
          Indonesia dan bank lain            125.306              133.613                     71.670                      and other banks
                                                                                                                     Current accounts with
        Giro pada bank lain                    1.592                 2.568                     1.311                       other banks
        Tagihan lainnya                       19.239                 8.210                     5.805                 Others receivable
        Efek dibeli dengan janji                                                                           Securities purchased under
        dijual kembali                        29.323               57.873                  86.602                      agreement to resell
        Obligasi pemerintah                  619.449              620.967                 453.703                      Government bonds
        Efek-efek                            165.035               46.996                  56.439                                Securities
        Nilai wajar melalui                                                                                            Fair value through
           laba rugi                                                                                                     profit or loss
           Obligasi pemerintah               169.507              176.455                 236.476                  Government bonds
           Efek-efek                          75.030               80.180                  82.222                           Securities
           Derivatif                          80.940               81.505                  55.005                           Derivative
        Nilai wajar melalui penghasilan                                                                          Fair value through other
        komprehensif lain                                                                                      comprehensive income
           Obligasi pemerintah               398.891              423.226                 828.759               Government bonds
           Efek-efek                         195.088              223.037                 181.604                        Securities

        Total                              25.472.625           24.722.529             23.233.200                                    Total




   b.    Bagi hasil dan marjin unit syariah                                  b.    Profit sharing and margin from sharia unit

          Akun ini terdiri dari:                                                   This account consists of:

                                                     Tahun yang berakhir pada
                                                       Tanggal 31 Desember/
                                                  For the year Ended December 31

                                           2024               2023                     2022

        Pendapatan murabahah                2.555.953            2.242.259              1.657.741               Income from murabahah
        Pendapatan bagi hasil musyarakah      356.586              339.310                322.992       Musyarakah profit sharing income
        Pendapatan istishna                   389.778              339.895                278.899                   Income from istishna
        Pendapatan bagi hasil mudharabah        1.468               11.906                 25.771       Mudharabah profit sharing income
        Pendapatan usaha utama lainnya        765.182              625.353                388.765           Other main operating income

        Total                               4.068.967            3.558.723              2.674.168                                    Total




                                                              213
Page 665
                                                                                   The original financial statements included herein are in the
                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                     unless otherwise stated)


32. BEBAN BUNGA, BAGI HASIL DAN BONUS                                        32. INTEREST, PROFIT SHARING AND BONUS
                                                                                 EXPENSES
   a.    Beban Bunga                                                               a.   Interest Expense
          Akun ini terdiri dari:                                                        This account consists of:
                                                          Tahun yang berakhir pada
                                                            Tanggal 31 Desember/
                                                       For the year Ended December 31

                                                2024               2023                     2022
        Deposito berjangka                       9.707.631            7.292.773               5.204.910                           Time deposits
        Giro                                     2.907.852            2.676.389               1.343.080                       Demand deposits
        Pinjaman yang diterima                   1.417.941            1.240.294               1.133.603                        Fund borrowings
        Pinjaman subordinasi                                                                                                 Subordinated loan
           dan efek-efek subordinasi              598.776              593.559                  596.092                       and securities
        Tabungan                                  535.130              527.326                  563.151                        Savings deposits
        Surat-surat berharga yang diterbitkan     441.754              559.845                  880.152                        Securities issued
        Kewajiban derivatif                       128.449              140.185                  102.692                     Derivative liabilities
        Simpanan dari bank lain                    86.054               97.192                   36.387               Deposits from other banks
        Efek yang dijual dengan janji                                                                                     Securities sold under
           dibeli kembali                          89.872                 75.545                   6.852            repurchase agreements

        Total                                   15.913.459           13.203.108               9.866.919                                     Total



   b.    Bonus Simpanan Wadiah dan Hak Pihak Ketiga                                b.   Wadiah Deposit Bonus and Third Parties’ Share
         atas Bagi hasil Mudharabah                                                     on Return of Mudharabah

          Bonus simpanan wadiah:                                                        Wadiah deposit bonus:
                                                          Tahun yang berakhir pada
                                                            Tanggal 31 Desember/
                                                       For the year Ended December 31

                                                2024               2023                     2022
          Beban bonus simpanan wadiah:                                                                                 Wadiah bonus expenses:
          Giro wadiah                             148.667                 66.217                 52.233                Wadiah demand deposit
          Tabungan wadiah                           4.779                  5.404                  5.325                 Wadiah saving deposit

                                                  153.446                 71.621                 57.558


          Hak bagi hasil mudharabah:                                                    Mudharabah share on return:

                                                          Tahun yang berakhir pada
                                                            Tanggal 31 Desember/
                                                       For the year Ended December 31

                                                2024               2023                     2022
          Hak Pihak Ketiga atas Bagi                                                                              Third Parties’ Share on Return
            hasil Mudharabah:                                                                                                     of Mudharabah:
            Deposito mudharabah                  1.320.300            1.052.226                 601.033                Mudharabah time deposit
            Tabungan mudharabah                    274.558              201.556                 141.241             Mudharabah saving deposit
            Pinjaman mudharabah                    162.793              108.623                  65.839                  Mudharabah borrowing
            Giro mudharabah                         20.787               10.299                   7.690            Mudharabah demand deposit
            Sukuk mudharabah                         3.121                  212                       -                       Mudharabah sukuk

                Total                            1.781.559            1.372.916                 815.803                                     Total




                                                                   214
Page 666
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


33. PENDAPATAN            OPERASIONAL      LAINNYA          -             33. OTHER OPERATING INCOME - OTHERS
    LAIN-LAIN

   Akun ini terdiri dari:                                                        This account consists of:

                                                     Tahun yang berakhir pada
                                                 Tahun yang berakhir pada
                                                   Tanggal 31 Desember/
                                              For the year Ended December 31

                                      2024                      2023                      2022
  Jasa perbankan                         199.813                   216.776                    188.557                             Bank services
  Servicing Fee Sekuritisasi Aset         32.665                    95.158                     87.369      Securitization Assets Servicing Fee
  Jasa penagihan - payment points         19.408                    14.993                     16.955      Collection services - payment points
  Lainnya                                900.852                   983.820                    529.894                                   Others

  Total                                 1.152.738                 1.310.747                   822.775                                    Total



   Jasa perbankan terdiri dari pendapatan dari                                   Bank services pertains to income from fund transfer
   transaksi transfer dana, pendapatan sewa safe                                 transactions, safety deposit box rentals and ATM
   deposit box dan pendapatan administrasi layanan                               service charges.
   ATM.

   Lainnya terutama terdiri dari provisi atas garansi                            Others consist mainly of provision from bank
   bank yang diterbitkan, komisi yang diterima dari                              guarantee issued, commission received from
   perusahaan asuransi atas produk asuransi yang                                 insurance companies for insurance products sold by
   terjual melalui Bank, penyelesaian atas dana titipan                          the Bank to its borrowers, and settlement of
   nasabah dan dana jaminan developer.                                           customer’s and developer’s deposits.

34. PENYISIHAN   (PEMBALIKAN) KERUGIAN                                    34. PROVISION FOR (REVERSAL OF) IMPAIRMENT
    PENURUNAN NILAI ASET KEUANGAN DAN                                         LOSSES ON FINANCIAL AND NON-FINANCIAL
    NON- ASET KEUANGAN                                                        ASSETS

   Akun ini terdiri dari:                                                        This account consists of:
                                                 Tahun yang berakhir pada
                                                   Tanggal 31 Desember/
                                              For the year Ended December 31

                                      2024                      2023                      2022
    Kredit yang diberikan dan
       pembiayaan/piutang syariah                                                                                 Loans and sharia financing/
       (Catatan 11)                     2.021.888                 3.711.122                 4.039.507               receivables (Note 11)
    Efek-efek (Catatan 8)                 (19.271)                   30.502                   (19.259)                     Securities (Note 8)
                                                                                                                        Current accounts with
    Giro pada bank lain (Catatan 6)           767                          57                        49              other banks (Note 6)
    Tagihan Akseptasi (Catatan 13)       (21.889)                      23.740                      (487)     Acceptance Receivable (Note 13)
    Properti Terbengkalai                       -                         (24)                   (2.432)                 Abandoned Property

    Total                               1.981.495                 3.765.397                 4.017.378                                    Total




                                                                215
Page 667
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


35. BEBAN UMUM DAN ADMINISTRASI                                35. GENERAL AND ADMINISTRATIVE EXPENSES

   Akun ini terdiri dari:                                            This account consists of:

                                             Tahun yang berakhir pada
                                               Tanggal 31 Desember/
                                          For the year Ended December 31

                                   2024               2023                    2022
  Perbaikan dan pemeliharaan        1.153.531            1.108.838              1.136.954                  Repairs and maintenance
  Promosi                             551.571              537.253                469.580                                  Promotion
  Penyusutan (Catatan 14)             526.983              489.874                426.546                     Depreciation (Note 14)
  Sewa bukan PSAK No. 116             414.410              357.523                388.480        Lease expense non SFAS No. 116
  Listrik, air dan komunikasi         341.955              258.934                296.549 Electricity, water and telecommunications
  Beban kantor                        261.636              232.271                229.233                            Office expenses
  Jasa profesional                    283.784              229.724                236.277                           Professional fees
  Beban depresiasi aset hak guna                                                          Depreciation expense of right of use asset
     (Catatan 14)                    204.497              226.851                 202.514                               (Note 14)
  Transportasi                       192.500              171.228                 135.604                              Transportation
  Outsourcing                        263.732               45.173                  54.833                                Outsourcing
  Lainnya                            262.262              227.110                 177.458                                     Others

  Total                             4.456.861            3.884.779              3.754.028                                      Total



   Lainnya terutama terdiri dari beban administrasi                  Others consist mainly of branchless banking
   branchless banking, biaya operasional program                     administration expense, government program
   pemerintah, premi asuransi untuk gedung, biaya                    operational expense, outsourcing labor cost,
   tenaga outsourcing, premi asuransi kas dalam                      insurance premium on the building, insurance
   perjalanan serta kas dalam khazanah dan beban                     premium on in transit and cash in vault and
   operasional protokoler.                                           protocoler operational expenses.

36. GAJI DAN TUNJANGAN KARYAWAN                                36. SALARIES AND EMPLOYEE BENEFITS

   Akun ini terdiri dari:                                            This account consists of:

                                             Tahun yang berakhir pada
                                               Tanggal 31 Desember/
                                          For the year Ended December 31

                                   2024               2023                    2022
    Gaji dan upah                                                                                                Salaries and wages
       Rutin                        2.795.322            2.353.451              2.122.173                              Recurring
       Tidak rutin                  1.510.080            1.495.120              1.954.049                         Non-recurring
    Pelatihan dan pengembangan        100.442               95.931                 87.757                 Training and development
    Lainnya                            39.731               38.001                 26.319                                     Others

    Total                           4.445.575            3.982.503              4.190.298                                      Total



   Lainnya terdiri dari beban imbalan kerja, biaya                   Others consists mainly of employee benefits
   perekrutan, pesangon dan tunjangan rekreasi                       expense, recruitment costs, severance costs and
   karyawan.                                                         employee recreational costs.




                                                      216
Page 668
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


37. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN                            37. OTHER OPERATING EXPENSES - OTHERS

   Akun ini terdiri dari:                                                  This account consists of:
                                                  Tahun yang berakhir pada
                                                    Tanggal 31 Desember/
                                               For the year Ended December 31

                                        2024               2023                     2022
  Imbalan atas jasa penagihan              61.521                 63.279                 71.635              Fees for collection services
  Kerugian atas penyelesaian kredit
     bermasalah                            38.845               40.987                   51.106             Loss on bad debt settlement
  Lainnya                                 489.627              383.348                  206.567                                  Others

  Total                                   589.993              487.614                  329.308                                    Total



   Lainnya terutama terdiri dari beban representasi,                       Others    consist   mainly    of   representation,
   jamuan makan dan minum rapat dan beban terkait                          entertainment expense and expense related to the
   dengan penyelesaian dana titipan nasabah dan                            settlement of customer’s and developer’s deposits.
   dana jaminan developer.


38. PENDAPATAN (BEBAN) BUKAN OPERASIONAL                            38. NON-OPERATING INCOME (EXPENSES) - NET
    - NETO

   Akun ini terdiri dari:                                                  This account consists of:

                                                  Tahun yang berakhir pada
                                                    Tanggal 31 Desember/
                                               For the year Ended December 31

                                        2024               2023                     2022
    Pendapatan sewa gedung                      58                  140                     200        Building rental income equipment
    Pendapatan (beban) lainnya - neto     (51.930)             (159.659)                 60.687            Other income (expense) - net

    Total                                 (51.872)             (159.519)                 60.887                                    Total



   Lainnya terutama terdiri dari keuntungan/(kerugian)                     Others mainly consist of gains/(losses) on exchange
   revaluasi kurs, beban denda administrasi,                               rate revaluation, administrative penalty expenses,
   keuntungan/(kerugian) jual beli mata uang asing dan                     gains/(losses) on buying and selling foreign
   beban bina lingkungan.                                                  currencies and environmental development
                                                                           expenses.




                                                           217
Page 669
                                                                                   The original financial statements included herein are in the
                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


39. PERPAJAKAN                                                              39. TAXATION
   a.    Rekonsiliasi antara laba sebelum beban pajak                              a.   The reconciliation between income before tax
         menurut laporan laba rugi dan penghasilan                                      expense, as shown in the statement of profit or
         komprehensif lain dengan taksiran penghasilan                                  loss and other comprehensive income are as
         kena pajak, adalah sebagai berikut:                                            follows:
                                                         Tahun yang berakhir pada
                                                           Tanggal 31 Desember/
                                                      For the year Ended December 31

                                             2024                 2023                      2022
        Laba sebelum                                                                                                                 Income before
          beban pajak                          3.772.841             4.380.210                3.875.690                            tax expense

        Beda temporer:                                                                                                      Temporary differences:
          Penyisihan untuk imbalan                                                                                      Provision for employee
             kerja                               238.070                 19.804                 274.687                               benefits
          Penurunan (kenaikan) nilai                                                                                       Decrease (increase)
             efek-efek yang dimiliki                                                                                          in fair value of
             untuk diperdagangkan                213.455                 59.053                (206.021)                   trading securities
          Penyusutan aset hak guna               (28.356)                 5.637                  (3.753)   Depreciation of Right of Use Asset
          Pembentukan                                                                                                              Provision for
             cadangan kerugian                                                                                     allowance for impairment
             penurunan nilai aset keuangan                                                                        losses on financial assets
             dan non-aset keuangan                                                                                  and non-financial assets
             dan lainnya                     (11.951.852)             (153.722)                 928.143                           and others
          Selisih nilai wajar efek-efek         1.091.193              803.279                        -    Difference in the fair value of securities

                                             (10.437.490)             734.051                   993.056

        Beda tetap:                                                                                                     Permanent differences:
          Dana sosial dan representasi            22.129                 10.231                 113.258     Social funds and representation
          Beban kantor                            29.948                 72.557                  84.703                      Office expense
          Kenikmatan karyawan                     79.829                 65.214                 136.692                   Employee welfare
          Sumbangan                               89.175                 79.996                  62.204                           Donations
          Sewa                                        26                 10.997                  14.401                                Rent
          Perbaikan dan pemeliharaan               2.086                  4.993                   6.061           Repairs and maintenance
          Penyusutan atas aset tetap                                                                               Depreciation of premises
             yang tidak dapat                                                                                  and equipment which are
             disusutkan menurut pajak               2.250                 2.407                   3.031  non-depreciable for tax purposes
             Pendapatan sewa tarif final              (46)                 (128)                   (200) Rent income subject to final tax
          Perubahan nilai EBA yang tidak                                                                Changes in EBA fair value which are
              dapat diakui secara pajak           29.248                    (28)                 60.514 non-recognizable for tax purposes
          Lain-lain                                1.535                  1.036                  15.316                              Others

                                                 256.180              247.275                   495.980

        Taksiran penghasilan (rugi)                                                                                             Estimated taxable
          kena pajak                          (6.408.469)            5.361.536                5.364.726                          income (loss)

        Beban pajak penghasilan                          -           1.018.692                1.019.298                        Income tax expense
        Pajak penghasilan                                                                                                             Income tax -
          Pasal 25                             (721.042)              (673.178)                (671.524)                             Article 25

        Hutang pajak penghasilan Badan                                                                            Corporate income tax payable
           (Catatan 17)/(Uang Muka                                                                                 (Note 17)/(Prepaid Taxes)
           Pajak) (Catatan 16)                 (721.042)              345.514                   347.774                             (Note 16)




         Taksiran rugi pajak hasil rekonsiliasi akan                                    Estimated taxable loss from the reconciliation
         digunakan sebagai dasar untuk menyiapkan                                       will be used as basis for preparing annual tax
         Surat Pemberitahuan Pajak (SPT) untuk tahun                                    return (SPT) for the year ended December 31,
         yang berakhir pada tanggal 31 Desember 2024.                                   2024.




                                                                  218
Page 670
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


39. PERPAJAKAN (lanjutan)                                                                      39. TAXATION (continued)
   a.    Rekonsiliasi antara laba sebelum beban pajak                                             a.    The reconciliation between income before tax
         menurut laporan laba rugi dan penghasilan                                                      expense, as shown in the statement of profit or
         komprehensif lain dengan taksiran penghasilan                                                  loss and other comprehensive income are as
         kena pajak, adalah sebagai berikut: (lanjutan)                                                 follows: (continued)
         Berdasarkan Undang-undang Perpajakan yang                                                      Under the prevailing Taxation Laws of
         berlaku di Indonesia, Bank menghitung,                                                         Indonesia, the Bank calculates, determines and
         menetapkan dan membayar sendiri besarnya                                                       pays tax payable based on self-assessment.
         jumlah pajak yang terutang. Direktur Jendral                                                   The Directorate General of Taxes (“DGT”) may
         Pajak (“DJP”) dapat menetapkan atau                                                            assess or amend taxes within 5 (five) years from
         mengubah liabilitas pajak dalam batas waktu 5                                                  the time the tax becomes due. The taxable profit
         (lima) tahun sejak saat terutangnya pajak. Laba                                                resulting from the reconciliation in 2023 and
         kena pajak hasil rekonsiliasi tahun 2023 dan                                                   2022 conform to the Bank’s Annual Tax Return.
         2022 adalah sesuai dengan SPT Tahunan
         Bank.
   b.    Beban/(manfaat) pajak                                                                    b.    Tax Expense/(benefit)
                                                                  Tahun yang berakhir pada
                                                                    Tanggal 31 Desember/
                                                               For the year Ended December 31

                                                      2024                     2023                          2022
        Beban pajak - kini                                      -                  1.018.692                    1.019.298                           Current tax expense
        Beban/(manfaat) pajak - tangguhan                 765.513                   (139.470)                    (188.681)                Deferred tax expense/(benefit)

        Total                                             765.513                    879.222                        830.617                                           Total

   c.    Aset (Liabilitas) Pajak Tangguhan                                                        c.    Deferred tax assets (liabilities)
         Pengaruh pajak atas perbedaan temporer yang                                                    The tax effects on significant outstanding
         signifikan antara pelaporan keuangan dan                                                       temporary differences between financial and tax
         pajak adalah sebagai berikut:                                                                  reporting purposes are as follows:
                                                                    31 Desember/December 31, 2024

                                                                         Dikreditkan/
                                                                      (dibebankan) ke
                                                                     laporan laba rugi/
                                                                     Credited/(charged)           Dibebankan
                                                                       to statement of            ke ekuitas/
                                                  Saldo awal/         profit or loss and          Charged to            Saldo Akhir/
                                               Beginning balance        other income                 equity            Ending Balance

         Cadangan kerugian penurunan                                                                                                            Allowance for impairment
             nilai kredit yang diberikan                2.328.612              (2.254.882)                      -               73.730                     losses loans
         Cadangan kerugian penurunan                                                                                                            Allowance for impairment
             nilai aset keuangan - selain                                                                                                   losses on financial assets -
             kredit yang diberikan                        21.303                   (7.307)                         -            13.996                    other than loans
         Cadangan kerugian penurunan                                                                                                            Allowance for impairment
             nilai aset non keuangan                         383                           -                    -                  383 losses on non non-financial assets
         Cadangan hukum, kecurangan                                                                                                                   Allowance for legal,
             (fraud) dan lainnya                          24.354                   (8.663)                      -               15.691                 fraud and others
         Cadangan imbalan kerja                          243.075                   45.233                (31.977)              256.331 Allowance for employee benefits
         Penyusutan aset hak guna                         20.773                   (5.387)                      -               15.386 Depreciation of right of use asset
         Rugi yang belum
             direalisasi atas efek                                                                                                                            Unrealized loss
             yang diukur pada nilai                                                                                                                  on fair value through
             wajar melalui laba rugi                         760                   40.557                       -               41.317                        profit or loss
         Rugi yang belum direalisasi                                                                                                                          Unrealized loss
             atas lindung nilai arus kas                   7.588                           -               2.753                10.341               on cash flow hedges
         (Laba) rugi yang belum
             direalisasi atas efek yang                                                                                                               Unrealized (gain) loss
             diukur pada nilai wajar melalui                                                                                                         on fair value through
             penghasilan komprehensif                    198.811                           -              82.493               281.304       other comprehensive income
                                                                                                                                                    Differences in fair value
         Selisih nilai wajar efek-efek                   152.623                  207.326                       -               359.949                       of securities
         Rugi kena pajak                                       -                1.217.610                       -             1.217.610                          Taxable loss

         Aset pajak tangguhan - neto                    2.998.282               (765.513)                 53.269              2.286.038           Deferred tax assets - net




                                                                               219
Page 671
                                                                                                     The original financial statements included herein are in the
                                                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                         unless otherwise stated)


39. PERPAJAKAN (lanjutan)                                                                         39. TAXATION (continued)

   c.   Aset (Liabilitas) Pajak Tangguhan (lanjutan)                                                 c.    Deferred tax assets (liabilities) (continued)

        Pengaruh pajak atas perbedaan temporer yang                                                        The tax effects on significant outstanding
        signifikan antara pelaporan keuangan dan                                                           temporary differences between financial and tax
        pajak adalah sebagai berikut (lanjutan):                                                           reporting purposes are as follows (continued):
                                                                      31 Desember/December 31, 2023

                                                                            Dikreditkan/
                                                                         (dibebankan) ke
                                                                        laporan laba rugi/
                                                                        Credited/(charged)           Dibebankan
                                                                          to statement of            ke ekuitas/
                                                 Saldo awal/             profit or loss and          Charged to         Saldo Akhir/
                                              Beginning balance            other income                 equity         Ending Balance

        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai kredit yang diberikan                2.358.305                    (29.693)                       -          2.328.612                    losses loans
        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai aset keuangan - selain                                                                                                    losses on financial assets -
            kredit yang diberikan                        11.580                       9.723                        -            21.303                    other than loans
        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai aset non keuangan                         383                               -                    -               383 losses on non non-financial assets
        Cadangan hukum, kecurangan                                                                                                                    Allowance for legal,
            (fraud) dan lainnya                          33.591                       (9.237)                     -             24.354                 fraud and others
        Cadangan imbalan kerja                          203.967                         3.763                35.345            243.075 Allowance for employee benefits
        Penyusutan aset hak guna                         19.702                         1.071                     -             20.773 Depreciation of right of use asset
        (Laba) rugi yang belum
            direalisasi atas efek                                                                                                                   Unrealized (gain) loss
            yang diukur pada nilai                                                                                                                 on fair value through
            wajar melalui laba rugi                     (10.460)                      11.220                       -               760                      profit or loss
        Rugi yang belum direalisasi                                                                                                                         Unrealized loss
            atas lindung nilai arus kas                  11.565                               -              (3.977)             7.588             on cash flow hedges
        (Laba) rugi yang belum
            direalisasi atas efek yang                                                                                                             Unrealized (gain) loss
            diukur pada nilai wajar melalui                                                                                                       on fair value through
            penghasilan komprehensif                    292.088                               -             (93.277)           198.811    other comprehensive income
                                                                                                                                                 Differences in fair value
         Selisih nilai wajar efek-efek                         -                     152.623                      -            152.623                     of securities
         Lainnya                                         (5.293)                           -                  5.293                  -                              Others

        Aset pajak tangguhan - neto                    2.915.428                    139.470                 (56.616)          2.998.282         Deferred tax assets - net




                                                                      31 Desember/December 31, 2022

                                                                            Dikreditkan/
                                                                         (dibebankan) ke
                                                                        laporan laba rugi/
                                                                        Credited/(charged)           Dibebankan
                                                                          to statement of            ke ekuitas/
                                                 Saldo awal/            profit or loss and           Charged to         Saldo Akhir/
                                              Beginning balance            other income                 equity         Ending Balance

        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai kredit yang diberikan                2.116.831                     241.474                       -          2.358.305                    losses loans
        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai aset keuangan - selain                                                                                                    losses on financial assets -
            kredit yang diberikan                        15.120                       (3.540)                      -            11.580                 other than loans
        Cadangan kerugian penurunan                                                                                                             Allowance for impairment
            nilai aset non keuangan                         845                        (462)                       -               383 losses on non non-financial assets
        Cadangan hukum, kecurangan                                                                                                                    Allowance for legal,
            (fraud) dan lainnya                          94.716                     (61.125)                      -             33.591                 fraud and others
        Cadangan imbalan kerja                          163.152                       52.191                (11.376)           203.967 Allowance for employee benefits
        Penyusutan aset hak guna                         20.415                        (713)                      -             19.702 Depreciation of right of use asset
        (Laba) rugi yang belum
            direalisasi atas efek                                                                                                                   Unrealized (gain) loss
            yang diukur pada nilai                                                                                                                 on fair value through
            wajar melalui laba rugi                      28.684                     (39.144)                       -           (10.460)                     profit or loss
        Rugi yang belum direalisasi                                                                                                                         Unrealized loss
            atas lindung nilai arus kas                           -                           -              11.565             11.565             on cash flow hedges
        (Laba) rugi yang belum
            direalisasi atas efek yang                                                                                                             Unrealized (gain) loss
            diukur pada nilai wajar melalui                                                                                                       on fair value through
            penghasilan komprehensif                     (9.103)                              -             295.898            286.795    other comprehensive income

        Aset pajak tangguhan - neto                    2.430.660                    188.681                 296.087           2.915.428         Deferred tax assets - net




                                                                                  220
Page 672
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


39. PERPAJAKAN (lanjutan)                                          39. TAXATION (continued)

   d.   Rekonsiliasi antara beban pajak penghasilan                       d.   The reconciliation between the tax expense
        dengan menggunakan tarif pajak yang berlaku                            computed by applying the applicable tax rate on
        dari laba sebelum beban pajak dan beban                                the income before tax expense and the tax
        pajak penghasilan seperti yang disajikan                               expense shown in the statement of profit or loss
        dalam laporan laba rugi dan penghasilan                                and other comprehensive income for the period
        komprehensif lain untuk periode yang berakhir                          ended December 31, 2024, 2023 and 2022, are
        pada tanggal-tanggal 31 Desember 2024,                                 as follows:
        2023 dan 2022 adalah sebagai berikut:
                                                Tahun yang berakhir pada
                                                  Tanggal 31 Desember/
                                             For the year Ended December 31

                                      2024                 2023                    2022
        Laba sebelum beban pajak       3.772.841             4.380.210               3.875.690              Income before tax expense

        Beban pajak dengan                                                                                              Tax expense at
          tarif pajak yang berlaku     (716.840)              (832.240)               (736.381)              the applicable tax rate
        Beda tetap                      (48.673)               (46.982)                (94.236)                 Permanent differences

        Beban pajak                    (765.513)              (879.222)               (830.617)                         Tax expense



   e.   Penurunan Tarif Pajak Penghasilan Badan                           e.    Reduction of the Tax Rate of Corporate Income
                                                                                Tax

        Pada tanggal 31 Maret 2020, Pemerintah                                 On 31 March 2020, the Government issue
        menerbitkan Peraturan Pemerintah Pengganti                             Government Regulation in Lieu of Law (Perpu)
        Undang-Undang (Perpu) Republik Indonesia                               of the Republic of Indonesia No. 1 of 2020 which
        No. 1 Tahun 2020 yang telah menjadi Undang-                            has become Law (UU) No. 2 of 2020, as well as
        Undang (UU) No. 2 Tahun 2020, serta                                    stipulated Government Regulation (PP) No. 30
        menetapkan Peraturan Pemerintah (PP) No.                               of 2020 concerning Tariff Reduction for
        30 Tahun 2020 tentang Penurunan Tarif Pajak                            Domestic Public Companies Taxpayers and
        Penghasilan bagi Wajib Pajak Badan Dalam                               effective since 19 June 2020. The regulation
        Negeri yang Berbentuk Perseroan Terbuka                                has stipulated the reduction in the income tax
        dan berlaku sejak tanggal 19 Juni 2020.                                rates for domestic corporate taxpayers and
        Aturan tersebut menetapkan penurunan tarif                             business establishments from 25% to 22% for
        pajak penghasilan wajib pajak badan dalam                              Fiscal Year 2021 and 2022 and 20% for the
        negeri dan bentuk usaha tetap dari semula                              Fiscal Year 2022 onwards, and a further
        25% menjadi 22% untuk tahun pajak 2021 dan                             reduction of the tax rate by 3% for domestic
        2022 dan 20% mulai tahun pajak 2022 dan                                taxpayers who meet certain requirements.
        seterusnya, serta pengurangan lebih lanjut
        tarif pajak sebesar 3% untuk wajib pajak
        dalam negeri yang memenuhi persyaratan
        tertentu.
        Berdasarkan Undang-Undang No. 7 tahun                                  Based Law No. 7 of 2021 regarding
        2021      tentang   Harmonisasi       Peraturan                        Harmonisation of the Tax Regulation witch
        Perpajakan yang berlaku 1 Januari 2022 maka                            applies on January 1, 2022 therefore the tax
        tarif pajak kembali ke tarif pajak tunggal yaitu                       rate is a single rate of 22%.
        22%.




                                                           221
Page 673
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


39. PERPAJAKAN (lanjutan)                                     39. TAXATION (continued)

   e.   Penurunan Tarif Pajak Penghasilan Badan                  e.   Reduction of the Tax Rate of Corporate Income
        (lanjutan)                                                    Tax (continued)

        Berdasarkan surat keterangan No. DE/I/2025-                   Based on Letter No. DE/I/2025-0037 dated
        0037 tanggal 3 Januari 2025 dan laporan                       January 3, 2025 and the monthly report of
        bulanan kepemilikan saham dari Biro                           shares ownerships form the Securities
        Administrasi Efek, Datindo Entrycom atas                      Administration Agency (Biro Administrasi Efek),
        kepemilikan saham Bank selama periode 2024                    Datindo Entrycom on the ownership of Bank’s
        yang berakhir pada tanggal 31 Desember 2024                   shares during the period ended December 31,
        semua kriteria di atas untuk memperoleh                       2024, all of the above mentioned required
        fasilitas penurunan tarif pajak tersebut atas                 criteria to obtain the tax rate reduction on
        laporan keuangan Bank untuk tahun yang                        Bank’s financial statements for the year then
        berakhir pada tanggal 31 Desember 2024 telah                  ended December 31, 2024 were fulfilled by the
        terpenuhi.                                                    Bank.

        Berdasarkan surat keterangan No. DE/I/2024-                   Based on Letter No. DE/I/2024-0035 dated
        0035 tanggal 3 Januari 2024 dan laporan                       January 3, 2024 and the monthly report of
        bulanan kepemilikan saham dari Biro                           shares ownerships form the Securities
        Administrasi Efek, Datindo Entrycom atas                      Administration Agency (Biro Administrasi Efek),
        kepemilikan saham Bank selama periode 2023                    Datindo Entrycom on the ownership of Bank’s
        yang berakhir pada tanggal 31 Desember 2023                   shares during the period ended December 31,
        semua kriteria di atas untuk memperoleh                       2023, all of the above mentioned required
        fasilitas penurunan tarif pajak tersebut atas                 criteria to obtain the tax rate reduction on
        laporan keuangan Bank untuk tahun yang                        Bank’s financial statements for the year then
        berakhir pada tanggal 31 Desember 2023 telah                  ended December 31, 2023 were fulfilled by the
        terpenuhi.                                                    Bank.

        Berdasarkan surat keterangan No. DE/I/2023-                   Based on Letter No. DE/I/2023-0038 dated
        0038 tanggal 3 Januari 2023 dan laporan                       January 3, 2023 and the monthly report of
        bulanan kepemilikan saham (Formulir No.                       shares ownerships (form No. X.H.I-2 dated
        X.H.I-2 tanggal 3 Januari 2023 dari Biro                      January 3, 2023 from the Securities
        Administrasi Efek, Datindo Entrycom atas                      Administration Agency (Biro Administrasi Efek),
        kepemilikan saham Bank selama periode 2022                    Datindo Entrycom on the ownership of Bank’s
        yang berakhir pada tanggal 31 Desember 2022)                  shares     during      the     period      ended
        semua kriteria di atas untuk memperoleh                       December 31, 2022), all of the above
        fasilitas penurunan tarif pajak tersebut atas                 mentioned required criteria to obtain the tax rate
        laporan keuangan Bank untuk tahun yang                        reduction on Bank’s financial statements for the
        berakhir pada tanggal 31 Desember 2022 telah                  year ended December 31, 2022 were fulfilled by
        terpenuhi.                                                    the Bank.

        Pajak penghasilan badan Bank untuk tahun                      Bank's corporate income tax for the year ended
        yang berakhir pada tanggal-tanggal 31                         December 31, 2024, 2023 and 2022 are
        Desember 2024, 2023 dan 2022 telah dihitung                   calculated using the tax rate of 19%.
        dengan menggunakan tarif pajak 19%.




                                                        222
Page 674
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


39. PERPAJAKAN (lanjutan)                                                 39. TAXATION (continued)

   e.   Penurunan Tarif Pajak Penghasilan Badan                                  e.     Reduction of the Tax Rate of Corporate Income
        (lanjutan)                                                                      Tax (continued)

        Pada tanggal 10 Oktober 2024, Pemerintah                                        On October 10, 2024, the Government issued
        menerbitkan Peraturan Menteri Keuangan                                          Minister of Finance Regulation (PMK) Number
        (PMK) Nomor 74 Tahun 2024 tentang                                               74 Year 2024 concerning Guidelines for the
        Pembentukkan Cadangan Piutang Tak Tertagih                                      Establishment of an Reserve for Uncollectible
        yang Boleh Dikurangkan dari Penghasilan                                         Accounts that can be Deductible from Gross
        Bruto. Sesuai dengan ketentuan peralihan                                        Income. Based on the transitional provisions in
        dalam Peraturan Menteri Keuangan Republik                                       the Regulation of the Minister of Finance of the
        Indonesia Nomor 74 Tahun 2024, Bank telah                                       Republic of Indonesia Number 74 of 2024, Bank
        melaksanakan perhitungan nilai tercatat                                         has calculated the carrying value of the
        cadangan piutang tak tertagih untuk awal tahun                                  allowance for doubtful accounts for the
        fiskal 2024 dan selisih lebih sebesar                                           beginning of the fiscal year 2024, and the
        Rp11.517.405 dan diakui sebagai biaya yang                                      excess amounting to Rp 11,517,405 recognised
        dibebankan seluruhnya untuk tahun fiskal 2024.                                  as an expense fully charged to the fiscal year
        Terkait dengan hal tersebut, aset pajak                                         2024. In relation to the above, BTN utilized
        tangguhan yang dimanfaatkan BTN pada tahun                                      deferred tax assets amounting to Rp 2,188,307
        fiskal 2024 sebesar Rp 2.188.307.                                               in the fiscal year 2024.

40. KOMITMEN DAN KONTINJENSI                                              40. COMMITMENTS AND CONTINGENCIES

   Saldo komitmen dan kontinjensi pada tanggal                                   The outstanding commitments and contingencies as
   31 Desember 2024, 2023 dan 2022 adalah sebagai                                of December 31, 2024, 2023 and 2022 are as
   berikut:                                                                      follows:
                                         31 Desember/        31 Desember/               31 Desember/
                                       December 31, 2024   December 31, 2023          December 31, 2022

    KOMITMEN                                                                                                                  COMMITMENTS
    Liabilitas komitmen                                                                                                 Commitments payable
           Fasilitas kredit kepada nasabah                                                                             Unused loan facility
               yang belum ditarik            15.614.895           18.933.652                15.109.981                    commitments
           Irrevocable L/C yang                                                                                                Outstanding
           masih berjalan (Catatan 28)          249.694                20.106                  221.484          irrevocable L/Cs (Note 28)

    Komitmen - neto                          15.864.589           18.953.758                15.331.465                    Commitments - net


    KONTINJENSI                                                                                                            CONTINGENCIES
    Tagihan kontinjensi                                                                                               Contingent receivables
      Pendapatan bunga dalam                                                                                           Interest income on
         penyelesaian                         3.550.319            3.598.041                 6.855.269           non-performing assets

    Liabilitas kontinjensi                                                                                              Contingent payables
       Garansi yang diterbitkan                                                                                        Guarantees issued
            (Catatan 28)                     (3.124.003)           (2.579.175)                (948.495)                     (Note 28)


        Kontinjensi - neto                      426.316            1.018.866                 5.906.774                    Contingencies - net



41. IMBALAN KERJA                                                         41. EMPLOYEE BENEFITS

   Program pensiun imbalan pasti                                                 Defined benefit pension plan

   Program dana Pensiun diadministrasikan dan                                    The Pension Plan’s assets are being administered
   dikelola oleh Dana Pensiun PT Bank Tabungan                                   and managed by Dana Pensiun PT Bank Tabungan
   Negara (Persero) Tbk (DPBTN).                                                 Negara (Persero) Tbk (DPBTN).




                                                                 223
Page 675
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                  41. EMPLOYEE BENEFITS (continued)

   Program pensiun imbalan pasti (lanjutan)                      Defined benefit pension plan (continued)

   Sesuai dengan ketentuan Dana Pensiun, Program                 According to the Pension Fund regulation, the
   Pensiun dibiayai dari iuran karyawan dan iuran                pension plan is funded through contributions from
   Bank. Iuran karyawan adalah sebesar 5% dari                   both the employees and the Bank. Employees’
   penghasilan dasar pensiun karyawan dan atas sisa              contributions are computed at 5% of the employees’
   jumlah yang perlu didanakan kepada DPBTN                      basic pension salaries and any remaining amount
   merupakan kontribusi Bank.                                    required to fund DPBTN represents the contributions
                                                                 by the Bank.
   Efektif tanggal 1 Januari 2004, semua pekerja yang            Effective January 1, 2004, all newly appointed
   baru diangkat sebagai pekerja tetap tidak                     permanent employees are not included in the
   diikutsertakan dalam program pensiun imbalan pasti            defined benefit pension plan (DPBTN), instead, the
   (DPBTN), namun demikian, karyawan Bank                        Bank’s employees are included in the defined
   diikutsertakan dalam program pensiun iuran pasti              contribution pension plan which was effective since
   yang berlaku efektif sejak bulan Januari 2004.                January 2004. This defined contribution pension
   Program Pensiun ini dikelola oleh Dana Pensiun                plan is managed by Dana Pensiun Lembaga
   Lembaga Keuangan PT Bank Negara Indonesia                     Keuangan PT Bank Negara Indonesia (Persero)
   (Persero) Tbk (DPLK).                                         Tbk (DPLK).
   Beban pensiun iuran pasti yang telah dibebankan               Defined contribution pension expense that was
   pada laporan laba rugi adalah sebesar Rp55.238,               charged to profit or loss amounted to Rp55,238, Rp
   Rp43.871 dan Rp35.782 masing-masing untuk                     Rp43,871 and Rp35,782 for the years ended
   tahun yang berakhir pada tanggal 31 Desember                  December 31, 2024, 2023 and 2022, respectively.
   2024, 2023 dan 2022.
   Imbalan kerja jangka panjang lainnya                          Other long-term employee benefits
   Bank memberikan imbalan kerja kepada pegawai                  The Bank provides employee benefits in the form of
   berupa penghargaan masa kerja dan Masa                        allowance for gratuity for services and retirement
   Persiapan Pensiun (MPP) yaitu 1 (satu) tahun                  preparation period (MPP), which is within 1 (one)
   sebelum pegawai mencapai usia pensiun normal                  year before the normal pension age (56 years old).
   (usia 56 tahun).
   Masa Persiapan Pensiun (MPP) adalah Masa                      Retirement Preparation Period (MPP) is the period
   Pegawai Tetap dibebastugaskan karena telah                    when permanent employees are dismissed because
   mendekati usia pensiun normal. Pada ketentuan                 they are approaching normal retirement age. In the
   sebelumnya (Surat Edaran Direksi Nomor                        previous provisions (Circular Letter of the Board of
   62/SE/DIR/HCSD/2019) dijelaskan bahwa Pegawai                 Directors Number 62/SE/DIR/HCSD/2019) it is
   Tetap yang telah memasuki usia 55 tahun maka                  explained that Permanent Employees who have
   akan melaksanakan MPP dengan Hak upah berupa                  entered the age of 55 will carry out MPP with Wage
   Gaji Pokok Pegawai bulan terakhir hingga Pegawai              Rights in the form of the last month's Basic
   ybs memasuki usia pensiun (56 tahun), apabila                 Employee Salary until the Employee concerned
   dipandang perlu karena keahlian/pengalaman                    enters retirement age (56 years ), if it is deemed
   Pegawai Tetap yang bersangkutan masih                         necessary because the expertise/experience of the
   diperlukan,   Direksi   dapat      menangguhkan/              Permanent Employee concerned is still needed, the
   menghapuskan MPP yang bersangkutan dan                        Board of Directors can suspend/remove the MPP
   selama dipekerjakan yang bersangkutan tetap                   concerned and while employed the person
   diberikan penghasilan seperti halnya pada waktu               concerned is still given income as was the case
   Pegawai Tetap tersebut masih aktif (sebelum MPP).             when the Permanent Employee was still active
                                                                 (before MPP).




                                                        224
Page 676
                                                                                   The original financial statements included herein are in the
                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                    unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                                41. EMPLOYEE BENEFITS (continued)

   Imbalan kerja jangka panjang lainnya (lanjutan)                                 Other long-term employee benefits (continued)

   Terdapat perubahan ketentuan pelaksanaan MPP                                    There are changes to the provisions for
   sebagaimana ditetapkan pada Perjanjian Kerja                                    implementing MPP as stipulated in the Bank BTN
   Bersama (PKB) Bank BTN tahun 2022 pasal 69 ayat                                 Collective Labor Agreement (PKB) in 2022 article 69
   1 dimana Pegawai yang memasuki usia MPP (55                                     paragraph 1 where Employees who enter MPP age
   tahun) maka akan tetap bekerja hingga usia pensiun                              (55 years) will continue to work until retirement age
   (56 tahun) dan apabila Pegawai ingin menjalani                                  (56 years) and if Employees wish to undergo MPP
   MPP maka dapat mengajukan permohonan kepada                                     then may apply to the Company. The changes to the
   Perusahaan. Perubahan ketentuan pelaksanaan                                     MPP implementation provisions have also been
   MPP tersebut juga telah disosialisasikan kepada                                 socialized to all Bank employees based on memos
   seluruh Pegawai Bank berdasarkan memo nomor                                     number 244/M/HCSD/HCSP/IX/2022 and number
   244/M/HCSD/HCSP/IX/2022           dan       nomor                               370/M/HCMD/ER/IX/2022 regarding Notification of
   370/M/HCMD/ER/IX/2022 perihal Pemberitahuan                                     Changes in Retirement Preparation Period (MPP).
   Perubahan Ketentuan Masa Persiapan Pensiun
   (MPP).

   Karyawan Bank juga memperoleh manfaat dari                                      Bank employees are also given welfare program,
   pemberian program kesejahteraan, kontribusi                                     employees’ contributions are 0.00% of their net
   karyawan terhadap dana kesejahteraan sebesar                                    wages for welfare program benefits and the Bank
   0,00% dikali gaji bersih dan kontribusi Bank sebesar                            contributions are 3.50%. The plan assets are being
   3,50%. Aset program diadministrasikan dan dikelola                              administered     and   managed      by    Yayasan
   oleh Yayasan Kesejahteraan Pegawai PT Bank                                      Kesejahteraan Pegawai PT Bank Tabungan Negara
   Tabungan Negara (YKPBTN).                                                       (YKPBTN).

   Perhitungan aktuaris atas imbalan kerja pada                                    The actuarial valuation of employee benefits as of
   tanggal 31 Desember 2024, 2023 dan 2022 masing-                                 December 31, 2024, 2023 and 2022, are based on
   masing adalah berdasarkan laporan aktuaris                                      the actuarial reports dated February 6, 2025,
   tanggal 6 Februari 2025, 5 Februari 2024 dan                                    February 5, 2024 and February 13, 2023, of Kantor
   13 Februari 2023 dari aktuaris Kantor Konsultan                                 Konsultan Aktuaria Santhi Devi dan Ardianto
   Aktuaria Santhi Devi dan Ardianto Handoyo dengan                                Handoyo respectively, using the “Projected Unit
   menggunakan metode “Projected Unit Credit”.                                     Credit” method.

                                       31 Desember/            31 Desember/             31 Desember/
                                     December 31, 2024       December 31, 2023        December 31, 2022

    Asumsi ekonomi:                                                                                                    Economics assumptions:
    Tingkat kenaikan penghasilan dasar                                                                                Basic pensionable annual
       pensiun                                     8,00%                 8,00%                    6,00%                 salary increase rate
    Tingkat diskonto per tahun sebelum                                                                               Annual discount rate before
       usia pensiun normal                         7,00%                 6,75%                    7,00%               normal retirement age

    Asumsi lainnya:                                                                                                         Other assumptions:
    Usia pensiun normal                    56 tahun/years        56 tahun/years           56 tahun/years                  Normal retirement age

    Tingkat mortalita (kematian)                TMI-2019              TMI-2019                 TMI-2019                            Mortality rate

    Tingkat cacat                         1,00% mortalita/      1,00% mortalita/         1,00% mortalita/                          Disability rate
                                                mortality             mortality                mortality
    Asumsi lainnya:                                                                                                          Other assumptions:
    Tingkat Diskonto per tahun untuk:                                                                                       Annual Discount rate:
       Imbalan Jangka Panjang Lainnya -                                                                             Other long-term benefits
          Penghargaan Masa Kerja                   7,00%                 6,75%                    7,00%                           Gratuity
       Program Pesangon Pensiun -                                                                             Retirement severance program
          Selisih DPLK                             7,00%                 6,75%                    7,00%             Difference from DPLK
       Masa Persiapan Pensiun                      7,00%                 6,75%                    7,00%       Retirement Preparation Period
       Program Pensiun Imbalan Pasti               7,00%                 6,75%                    7,25%       Deferred Benefit Pension Plan
       Program Kesejahteraan                       7,00%                 6,75%                    7,00%                     Welfare Program

    Tingkat pengunduran diri                                                                                                       Turnover rate
         Umur 25                                   5,00%                 5,00%                    5,00%                              Age 25
         Umur 30                                   5,00%                 5,00%                    5,00%                              Age 30
         Umur 35                                   5,00%                 5,00%                    5,00%                              Age 35
         Umur 40                                   5,00%                 5,00%                    5,00%                              Age 40
         Umur 45                                   5,00%                 5,00%                    5,00%                              Age 45
         Umur 50                                   3,00%                 4,00%                    3,00%                              Age 50
         Umur 55                                   9,00%                 9,00%                    9,00%                              Age 55

                                                                   225
Page 677
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                              unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                          41. EMPLOYEE BENEFITS (continued)
   Penghargaan masa kerja, program pesangon                                  Gratuity for services, retirement severance program-
   pensiun-selisih DPLK, masa persiapan pensiun dan                          difference from DPLK, retirement preparation period
   program kesejahteraan dicantumkan dalam                                   and welfare program are included in other benefits.
   program lainnya.

   a.   Biaya imbalan kerja                                                  a.   Employee benefits expense
                                                 31 Desember/December 31, 2024

                                    Program Pensiun/     Program Lainnya/
                                      Pension Plan        Other Benefits             Total

        Biaya jasa kini                       32.751              177.907                210.658                       Current service cost
        Iuran peserta                         (6.479)              (6.666)               (13.145)              Contribution from participant
        Beban bunga neto                        9.759              74.384                 84.143                           Net interest cost
        Kerugian aktuaria                           -              26.313                 26.313                               Actuarial loss
        Biaya jasa lalu                       93.324                     -                93.324                          Past service cost

        Beban imbalan kerja                                                                                             Employee benefits
            - neto                           129.355              271.938                401.293                         expense - net



                                                 31 Desember/December 31, 2023

                                    Program Pensiun/     Program Lainnya/
                                      Pension Plan        Other Benefits             Total

        Biaya jasa kini                        34.991             161.198                196.189                       Current service cost
        Iuran peserta                          (6.527)             (6.728)              (13.255)               Contribution from participant
        Beban bunga neto                         1.271              63.231                64.502                           Net interest cost
        Kerugian aktuaria                            -            (41.361)              (41.361)                               Actuarial loss
        Biaya jasa lalu                       (12.446)            (23.817)              (36.263)                          Past service cost

        Beban imbalan kerja                                                                                             Employee benefits
            - neto                            17.289              152.523                169.812                         expense - net



                                                 31 Desember/December 31, 2022

                                    Program Pensiun/     Program Lainnya/
                                      Pension Plan        Other Benefits             Total

        Biaya jasa kini                       35.276              106.523                141.799                      Current service cost
        Iuran peserta                         (7.050)              (7.153)              (14.203)             Contribution from participant
        Beban bunga neto                        5.394               46.104                51.498                           Net interest cost
        Kerugian aktuaria                            -              76.053                76.053                               Actuarial loss
        Biaya jasa lalu                       11.460              256.180                267.640                          Past service cost
        Perubahan metode atribusi                   -             (68.659)              (68.659)       Change in benefit attribution method

        Beban imbalan kerja                                                                                             Employee benefits
             - neto                           45.080              409.048                454.128                         expense – net




                                                              226
Page 678
                                                                                    The original financial statements included herein are in the
                                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                     unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                                 41. EMPLOYEE BENEFITS (continued)
   Penghargaan masa kerja, program pesangon                                         Gratuity for services, retirement severance program-
   pensiun-selisih DPLK, masa persiapan pensiun dan                                 difference from DPLK, retirement preparation period
   program kesejahteraan dicantumkan dalam                                          and welfare program are included in other benefits.
   program lainnya.(lanjutan)                                                       (continued)

   b.   Mutasi atas kewajiban imbalan kerja                                         b.   Movements of liabilities for employee benefits
                                                        31 Desember/December 31, 2024

                                          Program Pensiun/    Program Lainnya/
                                            Pension Plan       Other Benefits               Total

        Saldo awal                                 155.783            1.123.559               1.279.342                            Beginning balance
        Beban imbalan kerja                                                                                           Employee benefits expense
            tahun berjalan - neto                  129.355              271.938                 401.293                   during the year - net
        Pengukuran kembali liabilitas                                                                              Reameasurement of employee
            (aset) imbalan kerja - neto           (179.239)               10.938              (168.301)            benefit liability (asset) - net
        Pembayaran iuran                                                                                                       Payment contribution
            tahun berjalan                         (44.625)            (118.598)              (163.223)                       from current year

        Saldo kewajiban pada                                                                                                  Balance liabilities
         akhir tahun (Catatan 29)                   61.274            1.287.837               1.349.111             at end of year (Note 29)



                                                        31 Desember/December 31, 2023

                                          Program Pensiun/    Program Lainnya/
                                            Pension Plan       Other Benefits               Total

        Saldo awal                                 107.214              966.297               1.073.511                            Beginning balance
        Beban imbalan kerja                                                                                           Employee benefits expense
            tahun berjalan - neto                   17.289              152.523                 169.812                  during the year - net
        Pengukuran kembali liabilitas                                                                              Reameasurement of employee
            (aset) imbalan kerja - neto             76.466              109.561                 186.027            benefit liability (asset) - net
        Pembayaran iuran                                                                                                       Payment contribution
            tahun berjalan                         (45.186)            (104.822)              (150.008)                       from current year

        Saldo kewajiban pada                                                                                                  Balance liabilities
         akhir tahun (Catatan 29)                  155.783            1.123.559               1.279.342             at end of year (Note 29)


                                                        31 Desember/December 31, 2022

                                          Program Pensiun/    Program Lainnya/
                                            Pension Plan       Other Benefits               Total

        Saldo awal                                 148.266              710.429                 858.695                            Beginning balance
        Beban imbalan kerja                                                                                           Employee benefits expense
            tahun berjalan - neto                   45.080              409.048                 454.128                  during the year - net
        Pengukuran kembali liabilitas                                                                              Reameasurement of employee
            (aset) imbalan kerja - neto            (49.512)             (10.360)               (59.872)            benefit liability (asset) - net
        Pembayaran iuran                                                                                                       Payment contribution
            tahun berjalan                         (36.620)            (142.820)              (179.440)                       from current year

        Saldo kewajiban pada                                                                                                  Balance liabilities
         akhir tahun (Catatan 29)                  107.214                966.297             1.073.511             at end of year (Note 29)




                                                                    227
Page 679
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                         41. EMPLOYEE BENEFITS (continued)

   c.   Mutasi nilai kini liabilitas imbalan kerja adalah                  c.   The movements in the present value of liabilities
        sebagai berikut:                                                        for employee benefits are as follows:

                                                31 Desember/December 31, 2024

                                    Program Pensiun/   Program Lainnya/
                                     Pension Plan       Other Benefits             Total

        Saldo awal                        2.446.131           2.098.070              4.544.201                        Beginning balance
        Biaya jasa kini                      32.751             177.907                210.658                       Current service cost
        Beban bunga                         162.884             139.044                301.928                              Interest cost
        Biaya jasa lalu                      93.324                    -                93.324                         Past service cost
        Manfaat yang dibayarkan           (182.044)            (202.096)             (384.140)                             Benefits paid
        Kerugian/(keuntungan)
          aktuaria                          (29.345)              44.197                14.852                       Actuarial loss/(gain)

        Saldo pada akhir tahun            2.523.701           2.257.122              4.780.823               Balance at the end of year


                                                31 Desember/December 31, 2023

                                    Program Pensiun/   Program Lainnya/
                                     Pension Plan       Other Benefits             Total

        Saldo awal                        2.226.053           1.930.356              4.156.409                        Beginning balance
        Biaya jasa kini                       34.991            161.198                196.189                       Current service cost
        Beban bunga                         156.762             127.009                283.771                              Interest cost
        Biaya jasa lalu                     (12.446)            (23.817)               (36.263)                        Past service cost
        Manfaat yang dibayarkan           (155.673)            (186.015)             (341.688)                             Benefits paid
        Kerugian/(keuntungan)
          aktuaria                          196.444               89.339               285.783                       Actuarial loss/(gain)

        Saldo pada akhir tahun            2.446.131           2.098.070              4.544.201               Balance at the end of year




                                                31 Desember/December 31, 2022

                                    Program Pensiun/   Program Lainnya/
                                     Pension Plan       Other Benefits             Total

        Saldo awal                        2.186.761           1.633.262              3.820.023                        Beginning balance
        Biaya jasa kini                      35.276             106.523                141.799                     Current service cost
        Beban bunga                         152.585             110.738                263.323                                Interest cost
        Biaya jasa lalu                      11.460             256.180                267.640                          Past service cost
        Manfaat yang dibayarkan            (140.158)           (208.970)             (349.128)                               Benefits paid
        Perubahan metode atribusi                 -             (68.660)               (68.660)      Change in benefit attribution method
        Kerugian/(keuntungan)
          aktuaria                          (19.871)            101.283                 81.412                       Actuarial loss/(gain)

        Saldo pada akhir tahun            2.226.053           1.930.356              4.156.409               Balance at the end of year



   d.   Mutasi nilai wajar aset program adalah sebagai                     d. The movements in the fair value of plan assets
        berikut:                                                              are as follows:
                                                31 Desember/December 31, 2024

                                    Program Pensiun/   Program Lainnya/
                                     Pension Plan       Other Benefits             Total

        Saldo awal                        2.290.350           1.072.990              3.363.340                         Beginning balance
        Hasil pengembangan aset
         program                             303.018              86.285               389.303                     Return on plan asset
        Kontribusi Bank                       44.625              26.688                71.313                 Contributions by the Bank
        Kontribusi pegawai                     6.480               6.666                13.146                   Employees contribution
        Manfaat yang dibayarkan            (182.044)           (110.185)             (292.229)                              Benefits paid

        Saldo pada akhir tahun            2.462.429           1.082.444              3.544.873               Balance at the end of year




                                                            228
Page 680
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                             41. EMPLOYEE BENEFITS (continued)

   d.   Mutasi nilai wajar aset program adalah sebagai                         d. The movements in the fair value of plan assets
        berikut: (lanjutan)                                                       are as follows: (continued)
                                                    31 Desember/December 31, 2023

                                        Program Pensiun/   Program Lainnya/
                                         Pension Plan       Other Benefits             Total

        Saldo awal                            2.118.844            1.030.736             3.149.580                        Beginning balance
        Hasil pengembangan aset
         program                                 275.470             116.700               392.170                    Return on plan asset
        Kontribusi Bank                           45.183              26.056                71.239                Contributions by the Bank
        Kontribusi pegawai                         6.526               6.729                13.255                  Employees contribution
        Manfaat yang dibayarkan                (155.673)           (107.231)             (262.904)                             Benefits paid

        Saldo pada akhir tahun                2.290.350            1.072.990             3.363.340              Balance at the end of year


                                                    31 Desember/December 31, 2022

                                        Program Pensiun/   Program Lainnya/
                                         Pension Plan       Other Benefits             Total

        Saldo awal                            2.038.499             995.996             3.034.495                         Beginning balance
        Hasil pengembangan aset
         program                                 176.833              93.752               270.585                    Return on plan asset
        Kontribusi Bank                           36.620              29.036                65.656                Contributions by the Bank
        Kontribusi pegawai                         7.050               7.153                14.203                  Employees contribution
        Manfaat yang dibayarkan                (140.158)            (95.201)             (235.359)                             Benefits paid

        Saldo pada akhir tahun                2.118.844           1.030.736              3.149.580              Balance at the end of year


   e.   Pengukuran kembali (aset) liabilitas imbalan                            e.   Remeasurement of net employee benefit
        kerja neto:                                                                  (asset) liabilities:

                                                    31 Desember/December 31, 2024

                                        Program Pensiun/   Program Lainnya/
                                         Pension Plan       Other Benefits             Total

        Saldo awal                               222.024            469.752                691.776                        Beginning balance
        Kerugian aktuaris                       (29.345)              17.884              (11.461)                               Actuary loss
        Imbal hasil atas aset program          (149.894)            (16.446)             (166.340)                     Return on plan assets
                                                                                                                      Change in effect of the
        Perubahan atas dampak atas aset                                                                              asset ceiling excluding
         diluar bunga neto aset/liabilitas             -               9.500                   9.500          net interest of asset/liabilities

        Saldo pada akhir tahun                   42.785             480.690                523.475              Balance at the end of year



                                                    31 Desember/December 31, 2023

                                        Program Pensiun/   Program Lainnya/
                                         Pension Plan       Other Benefits             Total

        Saldo awal                               145.559            360.188                505.747                        Beginning balance
        Kerugian aktuaris                        196.444            130.699                327.143                               Actuary loss
        Imbal hasil atas aset program          (119.979)            (46.916)             (166.895)                     Return on plan assets
                                                                                                                      Change in effect of the
        Perubahan atas dampak atas aset                                                                              asset ceiling excluding
         diluar bunga neto aset/liabilitas             -              25.781                25.781            net interest of asset/liabilities

        Saldo pada akhir tahun                  222.024             469.752                691.776              Balance at the end of year




                                                                229
Page 681
                                                                                     The original financial statements included herein are in the
                                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                       unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                                 41. EMPLOYEE BENEFITS (continued)

   e.   Pengukuran kembali (aset) liabilitas imbalan                                  e.   Remeasurement of net employee benefit
        kerja neto: (lanjutan)                                                             (asset) liabilities: (continued)
                                                       31 Desember/December 31, 2022

                                          Program Pensiun/    Program Lainnya/
                                           Pension Plan        Other Benefits                Total

        Saldo awal                                195.072              370.549                   565.621                        Beginning balance
        Kerugian aktuaris                         (19.871)               25.231                    5.360                               Actuary loss
        Imbal hasil atas aset program             (29.642)             (21.199)                 (50.841)                     Return on plan assets
                                                                                                                            Change in effect of the
        Perubahan atas dampak atas aset                                                                                    asset ceiling excluding
            diluar bunga neto aset/liabilitas             -            (14.391)                 (14.391)             net interest of asset/liabilities

        Saldo pada akhir tahun                     145.559             360.190                   505.749              Balance at the end of year


   f.   Portofolio investasi aset program yang                                       f.    The asset program’s investment portfolio is
        ditempatkan dalam bentuk instrumen keuangan                                        placed in the form of financial instruments
        yang terdiri dari reksadana, efek beragunan                                        including mutual funds, asset backed securities,
        aset, surat berharga negara, obligasi, deposito                                    government securities, bonds, time deposits
        berjangka dan saham.                                                               and shares of stocks.
        Status pendanaan imbalan kerja per                                                 Funding status of employee benefit as of
        31 Desember 2024, 2023 dan 2022 disajikan                                          December 31, 2024, 2023 and 2022 are as
        sebagai berikut:                                                                   follow:
                                                       31 Desember/December 31, 2024

                                                                 Program
                                         Program Pensiun/     Kesejahteraan/
                                           Pension Plan       Welfare Benefits               Total

        Nilai wajar aset dana                                                                                                    Fair value of plan
         (tidak diaudit)                         2.462.429           1.082.444                 3.544.873                     assets (unaudited)
        Nilai kini liabilitas manfaat                                                                              Present value of funded defined
         pasti yang didanai                     (2.523.701)           (969.284)               (3.492.985)                      benefit obligation

        Selisih lebih (kurang) pendanaan          (61.272)             113.160                    51.888                  Funding surplus (deficit)
        Selisih lebih pendanaan yang
         tidak diakui                                     -           (113.160)                (113.160)                          Asset adjustment

        Kewajiban - neto                          (61.272)                       -              (61.272)                           Liabilities - net




                                                       31 Desember/December 31, 2023

                                                                 Program
                                         Program Pensiun/     Kesejahteraan/
                                           Pension Plan       Welfare Benefits               Total

        Nilai wajar aset dana                                                                                                    Fair value of plan
         (tidak diaudit)                         2.290.350            1.072.990                3.363.340                     assets (unaudited)
        Nilai kini liabilitas manfaat                                                                              Present value of funded defined
         pasti yang didanai                     (2.446.131)           (974.509)               (3.420.640)                      benefit obligation

        Selisih lebih (kurang) pendanaan         (155.781)                98.481                (57.300)                  Funding surplus (deficit)
        Selisih lebih pendanaan yang
         tidak diakui                                     -              (98.481)               (98.481)                          Asset adjustment

        Kewajiban - neto                         (155.781)                       -             (155.781)                           Liabilities - net




                                                                   230
Page 682
                                                                                       The original financial statements included herein are in the
                                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                                   41. EMPLOYEE BENEFITS (continued)

   f.    Portofolio investasi aset program yang                                         f.     The asset program’s investment portfolio is
         ditempatkan    dalam    bentuk   instrumen                                            placed in the form of financial instruments
         keuangan yang terdiri dari reksadana, efek                                            including mutual funds, asset backed securities,
         beragunan aset, surat berharga negara,                                                government securities, bonds, time deposits
         obligasi, deposito berjangka dan saham.                                               and shares of stocks. (continued)
         (lanjutan)

         Status pendanaan imbalan kerja per                                                    Funding status of employee benefit as of
         31 Desember 2024, 2023 dan 2022 disajikan                                             December 31, 2024, 2023 and 2022 are as
         sebagai berikut: (lanjutan)                                                           follow: (continued)

                                                       31 Desember/December 31, 2022

                                                                   Program
                                         Program Pensiun/       Kesejahteraan/
                                           Pension Plan         Welfare Benefits                 Total

         Nilai wajar aset dana                                                                                                     Fair value of plan
          (tidak diaudit)                         2.118.844            1.030.736                   3.149.580                   assets (unaudited)
         Nilai kini liabilitas manfaat                                                                               Present value of funded defined
          pasti yang didanai                    (2.226.053)             (964.038)                 (3.190.091)                    benefit obligation

         Selisih lebih (kurang) pendanaan         (107.209)                66.698                   (40.511)                Funding surplus (deficit)
         Selisih lebih pendanaan yang
          tidak diakui                                    -                (66.698)                 (66.698)                       Asset adjustment

         Kewajiban - neto                         (107.209)                        -               (107.209)                         Liabilities - net



         Per tanggal 31 Desember 2024, 2023 dan                                                As of December 31, 2024, 2023 and 2022, there
         2022, tidak ada selisih lebih aset kesejahteraan                                      were no recognition of surplus of Welfare
         yang diakui di laporan posisi keuangan karena                                         Benefits Plan assets in the statement of
         ketentuan untuk pengakuan aset dari selisih                                           financial position as the funding surplus did not
         lebih pendanaan yang disyaratkan dalam                                                meet the recognition criteria of assets under the
         standar akuntansi tidak terpenuhi.                                                    accounting standards.


  g.    Sensitivitas dari kewajiban imbalan kerja                                      g.     The sensitivity of employee benefit liability
        (tidak diaudit) terhadap perubahan asumsi                                             (unaudited) to the changes in actuarial
        aktuaria sebagai berikut:                                                             assumptions is as follow:

                                              31 Desember/         31 Desember/                31 Desember/
                                            December 31, 2024    December 31, 2023           December 31, 2022

        Tingkat diskonto                                                                                                             Discount rate:
           Kenaikan 1%                              (367.005)              (360.599)                  (363.644)                      Increase 1%
           Penurunan 1%                               431.519               425.590                    431.961                      Decrease 1%

        Tingkat kenaikan gaji                                                                                                 Salary increase rate:
           Kenaikan 1%                                220.317               237.562                    221.622                      Increase 1%
           Penurunan 1%                             (192.164)              (163.484)                  (191.781)                    Decrease 1%

   h.    Analisis jatuh tempo yang diharapkan dari                                     h.     Expected maturity analysis of undiscounted
         manfaat pensiun yang tidak terdiskonto adalah                                        pension benefit is as follows: (unaudited)
         sebagai berikut: (tidak diaudit)

                                                       31 Desember/December 31, 2024

                                         Program Pensiun/       Program Lainnya/
                                          Pension Plan           Other Benefits                  Total
         Sampai dengan 1 tahun                      214.409              353.126                     567.535                           Up to 1 year
         1 sampai 5 tahun                           941.945              996.234                   1.938.179                   Between 1 to 5 years
         5 sampai 10 tahun                        1.041.501              882.712                   1.924.213                  Between 5 to 10 years

         Total                                    2.197.855            2.232.072                   4.429.927                                   Total




                                                                     231
Page 683
                                                                                    The original financial statements included herein are in the
                                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                       unless otherwise stated)


41. IMBALAN KERJA (lanjutan)                                                   41. EMPLOYEE BENEFITS (continued)

   h.    Analisis jatuh tempo yang diharapkan dari                                  h.    Expected maturity analysis of undiscounted
         manfaat pensiun yang tidak terdiskonto adalah                                    pension benefit is as follows: (unaudited)
         sebagai berikut: (tidak diaudit) (lanjutan)                                      (continued)

                                                       31 Desember/December 31, 2023

                                        Program Pensiun/         Program Lainnya/
                                         Pension Plan             Other Benefits                Total

         Sampai dengan 1 tahun                      176.478               256.396                   432.874                         Up to 1 year
         1 sampai 5 tahun                           878.676             1.046.050                 1.924.726                 Between 1 to 5 years
         5 sampai 10 tahun                        1.027.144               848.474                 1.875.618                Between 5 to 10 years

         Total                                    2.082.298             2.150.920                 4.233.218                                Total


                                                       31 Desember/December 31, 2022

                                        Program Pensiun/         Program Lainnya/
                                         Pension Plan             Other Benefits                Total
         Sampai dengan 1 tahun                      127.654               278.591                   406.245                         Up to 1 year
         1 sampai 5 tahun                           835.385               978.527                 1.813.912                 Between 1 to 5 years
         5 sampai 10 tahun                        1.064.334               641.241                 1.705.575                Between 5 to 10 years

         Total                                    2.027.373             1.898.359                 3.925.732                                Total



        Rata-rata durasi tertimbang kewajiban imbalan                                     The average duration of the defined benefit
        pasti adalah sebagai berikut:                                                     obligations are as follow:
                                              31 Desember/          31 Desember/           31 Desember/
                                            December 31, 2024     December 31, 2023      December 31, 2022

        Pensiun                               8,81 tahun/years     10,09 tahun/years      10,05 tahun/years                             Pension
        Kesejahteraan                         9,75 tahun/years      9,82 tahun/years       9,50 tahun/years                       Welfare benefit

        Program lainnya                                                                                                           Other programs:
           Pesangon                           7,29 tahun/years     10,28 tahun/years          7,49 tahun/years         Post employment benefit
           Masa persiapan pensiun             7,29 tahun/years     10,28 tahun/years          7,67 tahun/years           Pre-retirement benefit
           Imbalan jangka panjang lainnya     7,29 tahun/years     10,28 tahun/years          7,49 tahun/years          Other long term benefit

  i.    Risiko                                                                      i.    Risk

        Bank tereskpos beberapa risiko atas program                                       The Bank is exposed to a number of risks
        imbalan kerja antara lain:                                                        through its employee benefit plans as follows:

             Risiko yang terekspos pada program iuran                                          The exposed risks in defined contribution
              pasti adalah hasil investasi dibawah tingkat                                       plan is lower return on investment compared
              diskonto. Akumulasi iuran aktual lebih kecil                                       to assumption on discount rate. The
              dari nilai yang diasumsikan sehingga                                               accumulated actual contribution to be lower
              mengakibatkan        selisih    pembayaran                                         than its assumption resulted increase the
              terhadap                     Undang-Undang                                         difference in the amount of contribution
              Ketenagakerjaan akan meningkat dan                                                 based on Labor Law, and will also increase
              berdampak pada beban dan liabilitas yang                                           the amount of the related expenses and
              akan meningkat pula.                                                               liabilities.

             Risiko yang terekspos pada program                                                The exposed risks in defined benefit
              manfaat pasti adalah adanya tingkat hasil                                          pension plan is the lower return on
              investasi dibawah asumsi discount rate dan                                         investment compared to assumption on
              kenaikan gaji aktual yang lebih besar dari                                         discount rate and the increase in the actual
              asumsi.     Hal   tersebut   menimbulkan                                           salary is higher than its assumption. These
              peningkatan iuran yang dibayarkan kepada                                           will cause an increase in contribution paid to
              Dana Pensiun.                                                                      Pension Fund.




                                                                      232
Page 684
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


42. PELAPORAN SEGMEN                                                       42. SEGMENT REPORTING
  Informasi segmen usaha berdasarkan jenis usaha                              Segment information based on business type are as
  adalah sebagai berikut:                                                     follows:
                                                         31 Desember/December 31, 2024

                                       Konvensional/        Syariah/          Eliminasi/
                                       Conventional          Sharia          Elimination         Total

   Pendapatan segmen                       25.472.625         4.068.967                    -      29.541.592             Segment income
   Beban segmen                           (16.113.935)       (1.935.005)                   -    (18.048.940)           Segment expenses

   Pendapatan segmen - neto                 9.358.690         2.133.962                    -     11.492.652         Segment Income - net

   Pendapatan operasional
     lainnya                                4.760.640           151.115          (335.836)         4.575.919        Other operating income
   Penyisihan kerugian penurunan                                                                                   Provision for impairment
     nilai aset keuangan dan                                                                                   losses on financial assets
     non-aset keuangan                     (1.853.801)         (127.694)                   -     (1.981.495)     and non-financial assets
   Pembalikkan penyisihan                                                                                         Reversal for allowance for
     estimasi kerugian                                                                                             estimated losses from
     komitmen dan                                                                                                          commitment &
     kontijensi bersih                             195                                   -              195                 contingencies
   Beban operasional lainnya               (9.313.293)       (1.285.101)           335.836      (10.262.558)      Other operating expenses

   Laba operasional                         2.952.431           872.282                    -       3.824.713       Income from operations
   Pendapatan (beban) bukan                                                                                          Non-operating income
    operasional - neto                       (51.993)              121                     -        (51.872)           (expenses) - net

   Beban pajak                               (765.513)                 -                   -       (765.513)                  Tax expense

   Laba tahun berjalan                      2.134.925           872.403                    -       3.007.328          Income for the year


   Total aset                             416.184.631        60.560.957         (7.131.086)     469.614.502                   Total assets

   Total liabilitas dan dana syirkah                                                                                 Total liabilities and
    temporer                              384.480.961        59.692.738         (7.131.086)     437.042.613     temporary syirkah fund



                                                         31 Desember/December 31, 2023

                                       Konvensional/        Syariah/          Eliminasi/
                                       Conventional          Sharia          Elimination         Total

   Pendapatan segmen                       24.722.529         3.558.723                    -      28.281.252             Segment income
   Beban segmen                           (13.406.425)       (1.444.537)                   -    (14.850.962)           Segment expenses

   Pendapatan segmen - neto                11.316.104         2.114.186                    -     13.430.290         Segment Income - net

   Pendapatan operasional
     lainnya                                4.161.842           154.971          (425.666)         3.891.147        Other operating income
   Penyisihan kerugian penurunan                                                                                   Provision for impairment
     nilai aset keuangan dan                                                                                   losses on financial assets
     non-aset keuangan                     (3.653.668)         (111.729)                   -     (3.765.397)     and non-financial assets
   Pembalikkan penyisihan                                                                                         Reversal for allowance for
     estimasi kerugian                                                                                             estimated losses from
     komitmen dan                                                                                                          commitment &
     kontijensi bersih                           1.139                 -                 -            1.139                 contingencies
   Beban operasional lainnya               (7.988.114)       (1.455.002)           425.666       (9.017.450)      Other operating expenses

   Laba operasional                         3.837.303           702.426                    -       4.539.729       Income from operations
   Pendapatan (beban) bukan                                                                                          Non-operating income
    operasional - neto                      (159.428)              (91)                    -       (159.519)           (expenses) - net

   Beban pajak                                                                                     (879.222)                  Tax expense

   Laba tahun berjalan                                                                             3.500.988          Income for the year


   Total aset                             392.854.285        54.288.709         (8.393.258)     438.749.736                   Total assets

   Total liabilitas dan dana syirkah                                                                                 Total liabilities and
    temporer                              363.082.327        53.581.515         (8.393.258)     408.270.584     temporary syirkah fund




                                                               233
Page 685
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


42. PELAPORAN SEGMEN (lanjutan)                                             42. SEGMENT REPORTING (continued)
   Informasi segmen usaha berdasarkan jenis usaha                             Segment information based on business type are as
   adalah sebagai berikut: (lanjutan)                                         follows: (continued)

                                                         31 Desember/December 31, 2022

                                       Konvensional/        Syariah/          Eliminasi/
                                       Conventional          Sharia          Elimination         Total

   Pendapatan segmen                       23.233.200         2.674.168                    -      25.907.368             Segment income
   Beban segmen                           (10.036.723)         (873.361)                   -    (10.910.084)           Segment expenses

   Pendapatan segmen - neto                13.196.477         1.800.807                    -     14.997.284         Segment Income - net
   Pendapatan operasional
     lainnya                                2.405.171            78.845          (209.164)         2.274.852        Other operating income
   Penyisihan kerugian penurunan                                                                                   Provision for impairment
     nilai aset keuangan dan                                                                                   losses on financial assets
     non-aset keuangan                     (3.414.717)         (602.661)                   -     (4.017.378)     and non-financial assets
   Pembalikkan penyisihan                                                                                         Reversal for allowance for
     estimasi kerugian                                                                                             estimated losses from
     komitmen dan                                                                                                          commitment &
     kontijensi bersih                         (1.074)                 -                 -           (1.074)                contingencies
   Beban operasional lainnya               (8.704.656)         (943.389)           209.164       (9.438.881)      Other operating expenses

   Laba operasional                         3.481.201           333.602                    -       3.814.803       Income from operations
   Pendapatan (beban) bukan                                                                                          Non-operating income
    operasional - neto                         60.912              (25)                    -         60.887            (expenses) - net

   Beban pajak                                                                                     (830.617)                  Tax expense

   Laba tahun berjalan                                                                             3.045.073          Income for the year


   Total aset                             364.284.663        45.335.575         (7.471.926)     402.148.312                   Total assets

   Total liabilitas dan dana syirkah                                                                                 Total liabilities and
    temporer                              338.723.316        44.987.568         (7.471.926)     376.238.958     temporary syirkah fund




43. JAMINAN     PEMERINTAH     TERHADAP                                    43. GOVERNMENT     GUARANTEES   ON                           THE
    KEWAJIBAN PEMBAYARAN BANK UMUM                                             OBLIGATIONS OF COMMERCIAL BANKS

   Berdasarkan Keputusan        Presiden   Republik                           Based on Decision No. 15 year 2004 of the
   Indonesia No. 15 tahun 2004 tentang pengakhiran                            President of the Republic of Indonesia regarding the
   tugas dan pembubaran BPPN, dinyatakan dalam                                termination of the role and winding-up of IBRA,
   pasal 8 bahwa dengan diakhirinya tugas dan                                 stated on article 8 that in relation with the task
   dibubarkannya BPPN, Program Penjaminan                                     completion and dismissal of IBRA, the Government
   Pemerintah terhadap kewajiban pembayaran bank                              Guarantee Program on the obligations of domestic
   umum yang semula dilakukan oleh BPPN                                       banks which was originally handled by IBRA based
   berdasarkan     Keputusan    Presiden   Republik                           on the Decisions of the President of the Republic of
   Indonesia No. 26 tahun 1998 dan Keputusan                                  Indonesia No. 26 year 1998 and No. 27 year 1998
   Presiden Republik Indonesia No. 27 tahun 1998,                             would be handled by the Ministry of Finance,
   selanjutnya dilaksanakan oleh Menteri Keuangan                             specifically by the Government Guarantee
   melalui Unit Pelaksanaan Penjaminan Pemerintah                             Implementation Unit Pelaksanaan Penjaminan
   (UP3) sebagaimana diatur oleh Keputusan Presiden                           Pemerintah (UP3) as provided in the Decision of the
   Republik Indonesia No. 17 tahun 2004, yang diatur                          President of the Republic of Indonesia No. 17 year
   lebih lanjut dengan Keputusan Menteri Keuangan                             2004, which was further regulated by the Decision
   No. 84/KMK.06/2004 tanggal 27 Februari 2004                                No. 84/KMK.06/2004 dated February 27, 2004 of the
   tentang       Perubahan      atas     Keputusan                            Ministry of Finance regarding the Amendment of
   Menteri      Keuangan      Republik    Indonesia                           Decision No. 179/KMK.017/2000 of the Ministry of
   No.179/KMK.017/2000 tentang Syarat, Tata cara                              Finance on the Terms, Implementation Guidelines,
   dan Ketentuan Pelaksanaan Jaminan Pemerintah                               and Conditions of the Government Guarantees on
   terhadap Kewajiban Pembayaran Bank Umum.                                   the obligations of commercial banks.




                                                               234
Page 686
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


43. JAMINAN        PEMERINTAH          TERHADAP               43. GOVERNMENT           GUARANTEES ON  THE
    KEWAJIBAN     PEMBAYARAN         BANK UMUM                    OBLIGATIONS         OF COMMERCIAL BANKS
    (lanjutan)                                                    (continued)

   Program Penjaminan Pemerintah melalui UP3 telah               The Guarantee Program by the Government through
   berakhir pada tanggal 22 September 2005,                      UP3 ended on September 22, 2005, as stated in
   sebagaimana dinyatakan dalam Peraturan Menteri                Regulation No. 68/PMK.05/2005 dated August 10,
   Keuangan Republik Indonesia No. 68/PMK.05/2005                2005 of the Ministry of Finance concerning the
   tanggal 10 Agustus 2005 tentang Perhitungan Dan               Calculation and Payments of Premium on
   Pembayaran Premi Program Penjaminan Terhadap                  Guarantee Program from Commercial Banks for the
   Pembayaran       Bank   Umum      untuk  periode              period July 1 to September 21, 2005. The
   1 Juli sampai 21 September 2005. Sebagai                      Government established the Deposit Insurance
   pengganti UP3 Pemerintah telah membentuk                      Corporation (LPS), an independent agency, to
   Lembaga Independen, yaitu Lembaga Penjamin                    replace UP3, based on Law No. 24 year 2004 dated
   Simpanan (LPS) berdasarkan Undang-undang                      September 22, 2004 of the Republic of Indonesia
   Republik Indonesia No. 24 tahun 2004 tanggal                  regarding the establishment309 Deposit Insurance
   22 September 2004 tentang Lembaga Penjamin                    Corporation (LPS) to guarantee public funds
   Simpanan dimana LPS menjamin dana masyarakat                  including funds from other banks in the form of
   termasuk dana dari bank lain dalam bentuk giro,               demand deposits, time deposits, certificates of
   deposito, sertifikat deposito, tabungan dan/atau              deposit, savings deposits and/or other equivalent
   bentuk lainnya yang dipersamakan dengan itu.                  form.

   Berdasarkan       salinan      Peraturan      LPS             Based on LPS regulation No. 1/PLPS/2006 dated
   No. 1/PLPS/2006 tanggal 9 Maret 2006 tentang                  March 9, 2006 regarding “Government Guarantee
   “Program Penjaminan Simpanan” diatur besarnya                 Program on Saving Account”, the balance of saving
   saldo yang dijamin untuk setiap nasabah pada satu             accounts guaranteed for each customer is at a
   bank adalah paling tinggi sebesar Rp100 juta.                 maximum of Rp100 million.

   Sesuai dengan Peraturan Pemerintah No. 66 Tahun               In accordance with Government Regulation No. 66
   2008 tanggal 13 Oktober 2008 tentang “Besaran                 of 2008, dated October 13, 2008 regarding “The
   Nilai Simpanan yang Dijamin Lembaga Penjamin                  Amount of Public Savings Guaranteed by the
   Simpanan” maka nilai simpanan setiap nasabah                  Indonesia Deposit Insurance Corporation”, the total
   pada satu bank yang dijamin oleh Pemerintah naik              amount of customers’ saving accounts in banks
   menjadi sebesar Rp2 miliar dari semula Rp100 juta,            which is guaranteed by the Government has
   efektif sejak tanggal tersebut di atas.                       increased to Rp2 billion, from the previous Rp100
                                                                 million, effective on the date stated above.

   Suku bunga penjaminan LPS pada tanggal                        LPS interest rates guarantee as of December
   31 Desember 2024, 2023 dan 2022 masing-masing                 31,2024, 2023 and 2022 were 4.25%, 4.25% and
   adalah sebesar 4,25%, 4,25% dan 3,75% untuk                   3.75% for each deposits in Rupiah and 2.25%,
   simpanan dalam mata uang Rupiah, dan masing-                  2.25% and 1.75% for deposits in foreign currencies.
   masing sebesar 2,25%, 2,25% dan 1,75% untuk
   simpanan dalam mata uang asing.

   Pada tanggal 31 Desember 2024, 2023 dan 2022,                 The Bank paid a premium on the guarantee program
   Bank telah membayar premi program penjaminan                  amounting to Rp729,685, Rp656,774 and
   masing-masing sebesar Rp729.685, Rp656.774                    Rp599,991 as of December 31, 2024, 2023 and
   dan Rp599.991.                                                2022, respectively.




                                                        235
Page 687
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                       44. TRANSACTIONS WITH RELATED PARTIES

   Dalam kegiatan normal usaha, Bank melakukan                       In the normal course of business, the Bank enters
   transaksi dengan pihak berelasi karena hubungan                   into certain transactions with parties which are
   kepemilikan dan/atau kepengurusan. Semua                          related to the management and/or owned by the
   transaksi dengan pihak-pihak berelasi telah                       same ultimate shareholder. All transactions with
   dilakukan dengan kebijakan dan syarat yang telah                  related parties have been entered into the agreed
   disepakati bersama.                                               terms and conditions.

   Tabel di bawah menunjukkan rincian pihak-pihak                    The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                 Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                      into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022:                                  and 2022:

          Pihak-pihak berelasi/                    Jenis hubungan/                      Unsur transaksi pihak berelasi/
             Related parties                      Type of relationship                Nature of related party transactions

  Pemerintah Republik Indonesia (RI)        Pemegang saham mayoritas melalui         Obligasi Pemerintah, Kredit yang diberikan dan
                                            Kementerian Keuangan RI/ Majority          pembiayaan/piutang syariah/ Government
                                             shareholder through the Ministry of     Bonds, Loans and sharia financing/receivables
                                            Finance of the Republic of Indonesia

  PT Bank Mandiri (Persero) Tbk              Dalam pengendalian yang sama            Giro pada bank lain, Penempatan pada Bank
                                            melalui pemerintah pusat RI/ Under            Indonesia dan Bank Lain, Efek-efek,
                                            common control through the Central        Liabilitas Akseptasi, Pinjaman yang diterima
                                              Government of the Republic of          dan Surat Berharga yang Diterbitkan/Current
                                                        Indonesia                   accounts with other banks, Placement with Bank
                                                                                        Indonesia and Other Banks, Securities,
                                                                                      Acceptances Payable, Fund Borrowing and
                                                                                                    Securities issued

  PT Bank Negara Indonesia (Persero) Tbk     Dalam pengendalian yang sama             Giro pada bank lain, Penempatan pada Bank
                                            melalui pemerintah pusat RI/ Under         Indonesia dan Bank Lain, Efek-efek, Surat
                                            common control through the Central       Berharga yang Diterbitkan, Liabilitas Akseptasi/
                                              Government of the Republic of          Current accounts with other banks, Placement
                                                        Indonesia                        with Bank Indonesia and Other Banks,
                                                                                     Securities and Securities issued, Acceptances
                                                                                                        Payable

  PT Bank Rakyat Indonesia (Persero) Tbk     Dalam pengendalian yang sama             Giro pada bank lain, Penempatan pada Bank
                                            melalui pemerintah pusat RI/ Under       Indonesia dan Bank Lain, Efek-efek, dan Surat
                                            common control through the Central        Berharga yang Diterbitkan/ Current accounts
                                              Government of the Republic of              with other banks, Placement with Bank
                                                        Indonesia                      Indonesia and Other Banks, Securities and
                                                                                                    Securities issued

  PT Bank Syariah Indonesia Tbk               Dalam pengendalian yang sama            Giro pada bank lain, dan Penempatan pada
                                            melalui pemerintah pusat RI/ Under          Bank Indonesia dan Bank Lain/ Current
                                            common control through the Central       accounts with other banks, and Placement with
                                              Government of the Republic of                Bank Indonesia and Other Banks
                                                        Indonesia

  PT Bank Mandiri Taspen                    Entitas Anak dari Badan Usaha Milik       Penempatan pada Bank Indonesia dan Bank
                                            Negara (BUMN)/ Subsidiary of State       Lain, Efek-efek/Placement with Bank Indonesia
                                                  Owned Enterprise (SOE)                     and Other Banks and Securities


  PT Bank Raya Tbk (dahulu PT Bank Rakyat   Entitas Anak dari Badan Usaha Milik      Penempatan pada Bank Indonesia dan Bank
      Indonesia Agroniaga Tbk)              Negara (BUMN)/ Subsidiary of State         Lain, Simpanan dari Bank Lain dan Surat
                                                  Owned Enterprise (SOE)              Berharga yang Diterbitkan/ Placement with
                                                                                    Bank Indonesia and Other Banks, Deposits from
                                                                                            Other Banks, Securities issued

  Lembaga Pembiayaan Ekspor Indonesia        Dalam pengendalian yang sama             Penempatan pada Bank Indonesia dan Bank
                                            melalui pemerintah pusat RI/ Under       Lain, Efek-efek/Placement with Bank Indonesia
                                            common control through the Central                 and Other Banks, Securities
                                              Government of the Republic of
                                                        Indonesia




                                                       236
Page 688
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                       44. TRANSACTIONS             WITH       RELATED         PARTIES
    (lanjutan)                                                      (continued)

   Tabel di bawah menunjukkan rincian pihak-pihak                    The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                 Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                      into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                       and 2022 (continued):

          Pihak-pihak berelasi/                    Jenis hubungan/                       Unsur transaksi pihak berelasi/
             Related parties                      Type of relationship                 Nature of related party transactions

  PT Hutama Karya (Persero)                   Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                             melalui pemerintah pusat RI/ Under        syariah, Tagihan Akseptasi/Loans and sharia
                                             common control through the Central       financing/receivables, Acceptance Receivable
                                               Government of the Republic of
                                                         Indonesia

  Perum Perumnas                              Dalam pengendalian yang sama              Efek-efek, dan Kredit yang diberikan dan
                                             melalui pemerintah pusat RI/ Under        pembiayaan/piutang syariah/Securities, and
                                             common control through the Central          Loans and sharia financing/receivables
                                               Government of the Republic of
                                                         Indonesia

  PT PP Properti Tbk                         Entitas Anak dari Badan Usaha Milik       Tagihan Akseptasi dan Kredit yang diberikan
                                             Negara (BUMN)/ Subsidiary of State       dan pembiayaan/piutang syariah/Acceptances
                                                   Owned Enterprise (SOE)                   Receivable and Loans and sharia
                                                                                                 financing/receivables

  PT Wijaya Karya Bangunan Gedung Tbk        Entitas Anak dari Badan Usaha Milik           Tagihan Akseptasi dan Garansi yang
                                             Negara (BUMN)/ Subsidiary of State          diterbitkan/Acceptances Receivable and
                                                   Owned Enterprise (SOE)                           Guarantees issued

  PT Wijaya Karya Industri Energi            Entitas Anak dari Badan Usaha Milik       Tagihan Akseptasi/Acceptances Receivable
                                             Negara (BUMN)/ Subsidiary of State
                                                   Owned Enterprise (SOE)

  PT Wijaya Karya Industri & Konstruksi      Entitas Anak dari Badan Usaha Milik       Tagihan Akseptasi/Acceptances Receivable
                                             Negara (BUMN)/ Subsidiary of State
                                                   Owned Enterprise (SOE)

  Perum Percetakan Negara Republik            Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
  Indonesia (Perum PNRI)                     melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                             common control through the Central
                                               Government of the Republic of
                                                         Indonesia

  PT Danareksa Investment Management         Entitas Anak dari Badan Usaha Milik           Efek-Efek dan Surat Berharga yang
                                             Negara (BUMN)/ Subsidiary of State        Diterbitkan/Securities and Securities Issued
                                                   Owned Enterprise (SOE)

  PT Adhi Karya (Persero) Tbk                 Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                             melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                             common control through the Central
                                               Government of the Republic of
                                                         Indonesia

  PT Angkasa Pura II (Persero)                Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                             melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                             common control through the Central
                                               Government of the Republic of
                                                         Indonesia

  PT Dok Dan Perkapalan Surabaya (Persero)    Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                             melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                             common control through the Central
                                               Government of the Republic of
                                                         Indonesia

  PT HK Realtindo                            Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                             Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                   Owned Enterprise (SOE)




                                                       237
Page 689
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                       44. TRANSACTIONS            WITH       RELATED           PARTIES
    (lanjutan)                                                      (continued)

   Tabel di bawah menunjukkan rincian pihak-pihak                    The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                 Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                      into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                       and 2022 (continued):

          Pihak-pihak berelasi/                    Jenis hubungan/                       Unsur transaksi pihak berelasi/
             Related parties                      Type of relationship                 Nature of related party transactions

  PT Indah Karya (Persero)                   Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                            common control through the Central
                                              Government of the Republic of
                                                        Indonesia

  PT Jasamarga Bali Tol                      Entitas Anak dari Badan Usaha Milik     Kredit yang diberikan dan pembiayaan/piutang
                                             Negara (BUMN)/ Subsidiary of State      syariah/Loans and sharia financing/receivables
                                                   Owned Enterprise (SOE)

  PT Mandiri Manajemen Investasi            Entitas Anak dari Badan Usaha Milik            Efek-Efek dan Surat Berharga yang
                                            Negara (BUMN)/ Subsidiary of State         Diterbitkan/Securities and Securities issued
                                                  Owned Enterprise (SOE)

  PT Patra Jasa                             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)

  PT Permodalan Nasional Madani             Entitas Anak dari Badan Usaha Milik         Efek-Efek, Kredit yang diberikan dan
                                            Negara (BUMN)/ Subsidiary of State       pembiayaan/piutang syariah/Securities, Loans
                                                  Owned Enterprise (SOE)                   and sharia financing/receivables

  PT Amarta Karya (Persero)                  Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under       syariah/Loans and sharia financing/receivables
                                            common control through the Central
                                              Government of the Republic of
                                                        Indonesia

  PT Perusahaan Pengelola Aset (Persero)     Dalam pengendalian yang sama               Efek-Efek dan Kredit yang diberikan dan
                                            melalui pemerintah pusat RI/ Under         pembiayaan/piutang syariah/Securities and
                                            common control through the Central           Loans and sharia financing/receivables
                                              Government of the Republic of
                                                        Indonesia

  PT Taspen (Persero)                        Dalam pengendalian yang sama              Surat Berharga yang Diterbitkan/ Securities
                                            melalui pemerintah pusat RI/ Under                          issued
                                            common control through the Central
                                              Government of the Republic of
                                                        Indonesia

  PT Virama Karya (Persero)                  Dalam pengendalian yang sama             Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under       syariah dan Garansi yang diterbitkan/Loans and
                                            common control through the Central         sharia finacing/receivables and Guarantees
                                              Government of the Republic of                               issued
                                                        Indonesia

  PT Waskita Bumi Wira                      Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)

  PT Waskita Karya Realty                   Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       Syariah/ Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)

  PT PPA Finance                            Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)

  PT Waskita FIM Perkasa Realti             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)



                                                       238
Page 690
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                      44. TRANSACTIONS               WITH         RELATED            PARTIES
    (lanjutan)                                                     (continued)

   Tabel di bawah menunjukkan rincian pihak-pihak                   The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                     into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                      and 2022 (continued):

           Pihak-pihak berelasi/                  Jenis hubungan/                        Unsur transaksi pihak berelasi/
              Related parties                    Type of relationship                  Nature of related party transactions

  PT Pertamina (persero)                     Dalam pengendalian yang sama           Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under         syariah dan efek-efek/ Loans and sharia
                                            common control through the Central           financing/receivables and Securities
                                              Government of the Republic of
                                                        Indonesia

  PT Yodya Karya (Persero)                   Dalam pengendalian yang sama             Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under       syariah dan Garansi yang diterbitkan/Loans and
                                            common control through the Central         sharia financing/receivables and Guarantees
                                              Government of the Republic of                                issued
                                                        Indonesia

  PT Adhi Persada Properti                  Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)



  PT Perumnas Jakabaring                    Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)



  PT Perumnas Sentraland                    Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprice (SOE)



  PT Perumnas TOD Tanjung                   Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)



  PT Sinergi Investasi Properti             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)


  PT Perumnas Pondok Cina                   Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)



  PT Adhi Commuter Properti                 Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State         syariah dan Tagihan Lain-Lain/Loans and
                                                  Owned Enterprise (SOE)                 sharia financing/receivables and Other
                                                                                                       receivables

  PT Angkasa Pura I (Persero)                Dalam pengendalian yang sama            Kredit yang diberikan dan pembiayaan/piutang
                                            melalui pemerintah pusat RI/ Under          syariah dan efek-efek/Loans and sharia
                                            common control through the Central            financing/receivables and securities
                                              Government of the Republic of                       Efek-efek/Securities
                                                        Indonesia                      Penyisihan kerugian penurunan nilai aset
                                                                                     keuangan dan aset non keuangan/Provision for
                                                                                    impairment losses on financial and non-financial
                                                                                                         assets

  PT Jalin Pembayaran Nusantara             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)




                                                       239
Page 691
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                       44. TRANSACTIONS            WITH       RELATED           PARTIES
    (lanjutan)                                                      (continued)

   Tabel di bawah menunjukkan rincian pihak-pihak                    The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                 Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                      into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                       and 2022 (continued):

          Pihak-pihak berelasi/                    Jenis hubungan/                      Unsur transaksi pihak berelasi/
             Related parties                      Type of relationship                Nature of related party transactions
  PT Reasuransi Nasional Indonesia          Entitas Anak dari Badan Usaha Milik            Surat Berharga yang Diterbitkan /
                                            Negara (BUMN)/ Subsidiary of State                     Securities issued
                                                  Owned Enterprise (SOE)

  PT Tugu Reasuransi Indonesia              Entitas Anak dari Badan Usaha Milik             Surat Berharga yang Diterbitkan/
                                            Negara (BUMN)/ Subsidiary of State                     Securities issued
                                                  Owned Enterprise (SOE)

  PT Puspetindo                             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)


 PT Asuransi Kredit Indonesia               Entitas Anak dari Badan Usaha Milik       Surat Berharga yang Diterbitkan dan Garansi
                                            Negara (BUMN)/ Subsidiary of State           yang diterbitkan/Securities Issued and
                                                  Owned Enterprise (SOE)                           Guarantees issued

  PT Asuransi Jasa Indonesia                 Entitas Anak dari Badan Usaha Milik       Surat Berharga yang Diterbitkan/ Securities
                                             Negara (BUMN)/ Subsidiary of State                         issued
                                                   Owned Enterprise (SOE)

  PT Asuransi Jasa Raharja                   Entitas Anak dari Badan Usaha Milik       Surat Berharga yang Diterbitkan/ Securities
                                             Negara (BUMN)/ Subsidiary of State                         issued
                                                   Owned Enterprise (SOE)

  PT Perusahaan Listrik Negara (Persero)     Dalam pengendalian yang sama            Kredit yang diberikan dan Efek-efek/ Loans and
                                            melalui pemerintah pusat RI/ Under         sharia financing/receivables and Securities
                                            common control through the Central
                                              Government of the Republic of
                                                        Indonesia

  PT Nindya Karya (Persero)                  Entitas Anak dari Badan Usaha Milik         Kredit yang diberikan dan Garansi yang
                                             Negara (BUMN)/ Subsidiary of State                diterbitkan/Loans and sharia
                                                   Owned Enterprise (SOE)             financing/receivables and Guarantees issued

  PT Centurion Perkasa Iman                 Entitas Anak dari Badan Usaha Milik         Kredit yang diberikan dan Garansi yang
                                            Negara (BUMN)/ Subsidiary of State                diterbitkan/Loans and sharia
                                                  Owned Enterprise (SOE)             financing/receivables and Guarantees issued

  PT Energi Pelabuhan Indonesia             Entitas Anak dari Badan Usaha Milik                Garansi yang diterbitkan/
                                            Negara (BUMN)/ Subsidiary of State                   Guarantees issued
                                                  Owned Enterprise (SOE)

  Perum Jaminan Kredit Indonesia             Dalam pengendalian yang sama              Surat Berharga yang Diterbitkan/ Securities
                                            melalui pemerintah pusat RI/ Under                          issued
                                            common control through the Central
                                              Government of the Republic of
                                                        Indonesia

  PT Daya Mitra Telekomunikasi              Entitas Anak dari Badan Usaha Milik                  Efek-efek/ Securities
                                            Negara (BUMN)/ Subsidiary of State
                                                  Owned Enterprise (SOE)

  PT Industri Kereta Api                    Entitas Anak dari Badan Usaha Milik     Kredit yang diberikan dan pembiayaan/piutang
                                            Negara (BUMN)/ Subsidiary of State      Syariah /Loans and sharia financing/receivables
                                                  Owned Enterprise (SOE)




                                                       240
Page 692
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               44. TRANSACTIONS               WITH         RELATED             PARTIES
    (lanjutan)                                                              (continued)

   Tabel di bawah menunjukkan rincian pihak-pihak                            The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                         Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                              into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                               and 2022 (continued):

          Pihak-pihak berelasi/                            Jenis hubungan/                       Unsur transaksi pihak berelasi/
             Related parties                              Type of relationship                 Nature of related party transactions
  PT AXA Mandiri Financial Services                 Entitas Anak dari Badan Usaha Milik         Surat Berharga yang Diterbitkan/ Securities
                                                    Negara (BUMN)/ Subsidiary of State                           issued
                                                          Owned Enterprise (SOE)

  PT Penjaminan Infrastruktur Indonesia (Persero)     Dalam pengendalian yang sama              Surat Berharga yang Diterbitkan/ Securities
                                                     melalui pemerintah pusat RI/ Under                          issued
                                                     common control through the Central
                                                       Government of the Republic of
                                                                 Indonesia

  PT Reasuransi Indonesia Utama (Persero)             Dalam pengendalian yang sama                   Surat Berharga yang Diterbitkan/
                                                     melalui pemerintah pusat RI/ Under                     Securities issued
                                                     common control through the Central
                                                       Government of the Republic of
                                                                 Indonesia

  PT Tugu Pratama Indonesia                          Entitas Anak dari Badan Usaha Milik        Surat Berharga yang Diterbitkan/ Securities
                                                     Negara (BUMN)/ Subsidiary of State                          issued
                                                           Owned Enterprise (SOE)

  PT Sarana Multigriya Finance (Persero)              Dalam pengendalian yang sama               Efek - Efek, Pinjaman yang diterima dan
                                                     melalui pemerintah pusat RI/ Under            Pinjaman Subordinasi dan efek-efek
                                                     common control through the Central        subordinasi/ Securities, Fund borrowings and
                                                       Government of the Republic of                Subordinated Loan and securities
                                                                 Indonesia

  PT Sinergi Colomadu                               Entitas Anak dari Badan Usaha Milik       Kredit yang diberikan dan pembiayaan/piutang
                                                    Negara (BUMN)/ Subsidiary of State        syariah/Loans and sharia financing/receivables
                                                          Owned Enterprise (SOE)


  PT Perusahaan Gas Negara (Persero) Tbk              Dalam pengendalian yang sama                         Efek-Efek/Securities
                                                     melalui pemerintah pusat RI/ Under
                                                     common control through the Central
                                                       Government of the Republic of
                                                                 Indonesia


  PT Pelabuhan Indonesia II (Persero)                 Dalam pengendalian yang sama                        Efek - Efek/Securities
                                                     melalui pemerintah pusat RI/ Under
                                                     common control through the Central
                                                       Government of the Republic of
                                                                 Indonesia

  PT PP Properti Jababeka Residence                 Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                                    Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                          Owned Enterprise (SOE)

  PT Bahana Pembinaan Usaha Indonesia (Persero)       Dalam pengendalian yang sama                       Efek - Efek/Securities
                                                     melalui pemerintah pusat RI/ Under          Pendapatan dari penerimaan kredit yang
                                                     common control through the Central      dihapus bukukan/Income from recovery of loans
                                                       Government of the Republic of                           written off
                                                                 Indonesia




                                                               241
Page 693
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                         44. TRANSACTIONS            WITH       RELATED           PARTIES
    (lanjutan)                                                        (continued)
   Tabel di bawah menunjukkan rincian pihak-pihak                      The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                   Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                        into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                         and 2022 (continued):

          Pihak-pihak berelasi/                      Jenis hubungan/                       Unsur transaksi pihak berelasi/
             Related parties                        Type of relationship                 Nature of related party transactions

  PT Pegadaian                                Entitas Anak dari Badan Usaha Milik                   Efek-Efek/Securities
                                              Negara (BUMN)/ Subsidiary of State
                                                    Owned Enterprise (SOE)

  PT BNI Asset Management                     Entitas Anak dari Badan Usaha Milik     Surat Berharga yang Diterbitkan dan efek-efek/
                                              Negara (BUMN)/ Subsidiary of State             Securities issued and securities
                                                    Owned Enterprise (SOE)

  PT Waskita Karya (Persero) Tbk               Dalam pengendalian yang sama                        Efek-efek/ Securities
                                              melalui pemerintah pusat RI/ Under
                                              common control through the Central
                                                Government of the Republic of
                                                          Indonesia

  Peruri Properti                             Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                              Negara (BUMN)/ Subsidiary of State      syariah dan Garansi yang diterbitkan/Loans and
                                                    Owned Enterprise (SOE)                     sharia financing/receivables and
                                                                                                      Guarantees issued

  PT Waskita Beton Precast Tbk                Entitas Anak dari Badan Usaha Milik                  Efek-efek/ Securities
                                              Negara (BUMN)/ Subsidiary of State
                                                    Owned Enterprise (SOE)


  PT BRI Manajemen Investasi                  Entitas Anak dari Badan Usaha Milik                  Efek-efek/ Securities
                                              Negara (BUMN)/ Subsidiary of State
                                                    Owned Enterprise (SOE)

  PT Pos Indonesia (Persero)                  Entitas Anak dari Badan Usaha Milik                Garansi yang diterbitkan/
                                              Negara (BUMN)/ Subsidiary of State                   Guarantees issued
                                                    Owned Enterprise (SOE)



  PT Telkom Satelit Indonesia                 Entitas Anak dari Badan Usaha Milik                Garansi yang diterbitkan/
                                              Negara (BUMN)/ Subsidiary of State                   Guarantees issued
                                                    Owned Enterprise (SOE)




  PT Inhutani V                               Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                              Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                    Owned Enterprise (SOE)




  Badan Pengelola Tabungan Perumahan Rakyat    Dalam pengendalian yang sama               Pinjaman dan Efek-Efek Subordinasi/
                                              melalui pemerintah pusat RI/ Under           Subordinated Loan and Securities
                                              common control through the Central
                                                Government of the Republic of
                                                          Indonesia




                                                        242
Page 694
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                  unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                 44. TRANSACTIONS            WITH       RELATED           PARTIES
    (lanjutan)                                                                (continued)
   Tabel di bawah menunjukkan rincian pihak-pihak                              The table below details the related parties of the
   berelasi dengan Bank beserta sifat dari transaksi                           Bank along with the nature of transactions entered
   yang dilakukan oleh Bank tersebut pada tahun                                into by the Bank during December 31, 2024, 2023
   31 Desember 2024, 2023 dan 2022 (lanjutan):                                 and 2022 (continued):

          Pihak-pihak berelasi/                              Jenis hubungan/                       Unsur transaksi pihak berelasi/
             Related parties                                Type of relationship                 Nature of related party transactions
  PT PP Urban                                         Entitas Anak dari Badan Usaha Milik       Garansi yang diterbitkan, Tagihan lain-lain,
                                                      Negara (BUMN)/ Subsidiary of State      Kredit yang diberikan dan pembiayaan/piutang
                                                            Owned Enterprise (SOE)            syariah / Guarantees issued, Other receivables,
                                                                                                  Loans and sharia financing/receivables


  PT Aviasi Pariwisata Indonesia (Persero)             Dalam pengendalian yang sama            Efek-efek dan Kredit yang diberikan dan
                                                      melalui pemerintah pusat RI/ Under    pembiayaan/piutang syariah/Securities and Loans
                                                      common control through the Central           and sharia financing/receivables
                                                        Government of the Republic of
                                                                  Indonesia

  PT Bio Farma (Persero)                               Dalam pengendalian yang sama           Kredit yang diberikan dan pembiayaan/piutang
                                                      melalui pemerintah pusat RI/ Under      syariah/Loans and sharia financing/receivables
                                                      common control through the Central
                                                        Government of the Republic of
                                                                  Indonesia

  PT Inka Multi Solusi Service                        Entitas Anak dari Badan Usaha Milik     Kredit yang diberikan dan pembiayaan/piutang
                                                      Negara (BUMN)/ Subsidiary of State      Syariah dan Tagihan lain-lain/Loans and sharia
                                                            Owned Enterprise (SOE)             financing/receivables and Other receivables


  PT PAL Indonesia (Persero)                           Dalam pengendalian yang sama           Kredit yang diberikan dan pembiayaan/piutang
                                                      melalui pemerintah pusat RI/ Under     syariah dan Garansi yang diterbitkan/Loans and
                                                      common control through the Central              sharia financing/receivables and
                                                        Government of the Republic of                        Guarantees issued
                                                                  Indonesia

  PT Pengembangan Pariwisata Indonesia (Persero)       Dalam pengendalian yang sama           Kredit yang diberikan dan pembiayaan/piutang
                                                      melalui pemerintah pusat RI/ Under      syariah/Loans and sharia financing/receivables
                                                      common control through the Central
                                                        Government of the Republic of
                                                                  Indonesia

  Perum Pengangkutan Penumpang Djakarta                Dalam pengendalian yang sama           Kredit yang diberikan dan pembiayaan/piutang
                                                      melalui pemerintah pusat RI/ Under      syariah/Loans and sharia financing/receivables
                                                      common control through the Central
                                                        Government of the Republic of
                                                                  Indonesia

  PT Wika Realty                                      Entitas Anak dari Badan Usaha Milik      Kredit yang diberikan dan pembiayaan/piutang
                                                      Negara (BUMN)/ Subsidiary of State       syariah/Loans and sharia financing/receivables
                                                            Owned Enterprise (SOE)

  PT Wika Gedung                                      Entitas Anak dari Badan Usaha Milik            Tagihan lain-lain/Other receivables
                                                      Negara (BUMN)/ Subsidiary of State
                                                            Owned Enterprise (SOE)

  PT Bahana TCW Investment Management                 Entitas Anak dari Badan Usaha Milik                   Efek-efek/Securities
                                                      Negara (BUMN)/ Subsidiary of State
                                                            Owned Enterprise (SOE)

  Manajemen Kunci termasuk Direksi, Komisaris,                                                 Kredit yang Diberikan dan Pembiayaan/piutang
  Komite Audit, Kepala Divisi dan Kepala Cabang/Key     Hubungan pengendalian kegiatan           Syariah, Simpanan dari Nasabah, dan Dana
  Management including Director, Commissioner,         perusahaan/ Control on company’s              Syirkah Temporer/Loans and sharia
  Audit Comittee, Head Division and Branch Manager                 activities                  financing/receivables, Deposit from Customers
                                                                                                        and Temporary Syirkah Fund




                                                                243
Page 695
                                                                                     The original financial statements included herein are in the
                                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                         unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                        44. TRANSACTIONS              WITH     RELATED          PARTIES
    (lanjutan)                                                                       (continued)

  a.       Transaksi dengan pihak berelasi karena                                        a.   Transactions with related parties due to
           hubungan kepemilikan dengan pemerintah                                             ownership relation with government of the
           Republik Indonesia:                                                                Republic of Indonesia:
                                                 31 Desember/        31 Desember/           31 Desember/
                                               December 31, 2024   December 31, 2023      December 31, 2022

       Aset                                                                                                                                  Assets
                                                                                                                             Current accounts with
       Giro pada bank lain (Catatan 6)                 5.065.331             1.049.449             508.322                     other banks (Note 6)
       Penempatan pada Bank Indonesia                                                                              Placements with Bank Indonesia
          dan bank lain (Catatan 7)                           61                  61                     61             and other banks (Note 7)
       Efek-efek (Catatan 8)                           5.489.205           3.851.105                850.059                      Securities (Note 8)
       Obligasi pemerintah (Catatan 9)                35.475.529          35.893.929             51.964.973            Government bonds (Note 9)
       Kredit yang diberikan dan
          pembiayaan/piutang syariah                                                                                   Loans and sharia financing/
          (Catatan 11)                                28.063.700          27.678.581             19.594.018                receivables (Note 11)
       Tagihan akseptasi (Catatan 13)                    433.708              68.746                131.356        Acceptance receivable (Note 13)
       Tagihan lain-lain                                 612.280             106.385                 61.169                     Other Receivables

       Total aset untuk pihak-pihak berelasi          75.139.814          68.648.256             73.109.958         Total assets to related parties

       Cadangan kerugian penurunan                                                                                 Allowance for impairment losses
         nilai dari pihak-pihak berelasi               (835.954)          (1.227.528)              (900.235)                   for related parties

       Total dari aset pihak-pihak berelasi                                                                      Total assets from related parties
         - neto                                       74.303.860          67.420.728             72.209.723                                - net

       Persentase total aset pihak                                                                                Percentage of total assets from
         berelasi terhadap total aset                    15,82%                15,37%               17,96%        related parties to total assets




                                                 31 Desember/        31 Desember/           31 Desember/
                                               December 31, 2024   December 31, 2023      December 31, 2022

       Liabilitas                                                                                                                         Liabilities

       Simpanan dari nasabah                                                                                              Deposits from customers
          (Catatan 18, 19 dan 20)                    215.731.937         196.674.002            173.906.896                (Notes 18, 19 and 20)
       Liabilitas Akseptasi (Catatan 23)                 690.475             224.045                118.525           Acceptance payable (Note 23)
       Surat-surat berharga
          yang diterbitkan (Catatan 24)                4.600.466           5.868.525              4.355.008             Securities issued (Note 24)
       Pinjaman yang diterima (Catatan 25)            23.352.225          22.453.290             17.455.685             Fund borrowings (Note 25)
       Efek efek yang dijual dengan janji                                                                           Securities sell under agreement
          Dijual kembali (Catatan 22)                    963.042                     -                    -            to repurchased (Note 22)
       Pinjaman Subordinasi dan                                                                                                   Subordinated loan
          efek-efek subordinasi (Catatan 26)           1.500.000             4.499.997            4.499.977                 and securities (Note 26)

       Total liabilitas untuk pihak-
         pihak berelasi                              246.838.145         229.719.859            200.336.091      Total liabilities to related parties

       Persentase total liabilitas pihak                                                                        Percentage of total liabilities from
         berelasi terhadap total liabilitas              60,53%                60,27%               57,01%      related parties to total liabilities




                                                                       244
Page 696
                                                                             The original financial statements included herein are in the
                                                                                                                   Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                44. TRANSACTIONS             WITH     RELATED          PARTIES
    (lanjutan)                                                               (continued)

   a.   Transaksi dengan pihak berelasi karena                                   a.   Transactions with related parties due to
        hubungan kepemilikan dengan pemerintah                                        ownership relation with government of the
        Republik Indonesia (lanjutan):                                                Republic of Indonesia (continued):

                                         31 Desember/        31 Desember/           31 Desember/
                                       December 31, 2024   December 31, 2023      December 31, 2022

    Dana Syirkah Temporer                                                                                      Temporary Syirkah Funds

    Giro Mudharabah (Catatan 18)                  11.985                11.271               11.897 Mudharabah current accounts (Note 18)
    Tabungan Mudharabah (Catatan 19)             118.667               133.630               83.465 Mudharabah savings deposits (Note 19)
    Deposito Mudharabah (Catatan 20)           6.845.833             8.899.072            7.631.970   Mudharabah time deposits (Note 20)

    Total dana syirkah temporer                                                                                   Total temporary syirkah
      untuk pihak-pihak berelasi               6.976.485             9.043.973            7.727.332             funds to related parties

    Persentase total dana syirkah                                                                  Percentage of total temporary syirkah
      temporer berelasi terhadap                                                                         funds related parties to total
      dana syirkah temporer                      23,85%                33,37%               31,08%           temporary syirkah funds



                                         31 Desember/        31 Desember/           31 Desember/
                                       December 31, 2024   December 31, 2023      December 31, 2022

    Pendapatan bunga dan                                                                                     Interest income and income
      bagi hasil                                                                                                    from profit sharing

    Penempatan pada Bank Indonesia                                                                         Placements with Bank Indonesia
       dan bank lain                             191.171               490.024              282.311                     and other banks
    Efek-efek                                    431.876               299.741              216.020                              Securities
    Obligasi pemerintah                        1.187.847             1.220.648            1.518.936                    Government bonds
    Kredit yang diberikan dan                                                                                   Loans and sharia financing/
       pembiayaan/piutang syariah              1.875.653             1.195.910            1.081.237                         receivables

    Total pendapatan bunga dan                                                                          Total interest income and income
      bagi hasil dari pihak-pihak                                                                               from profit sharing from
      berelasi                                 3.686.547             3.206.323            3.098.504                       related parties

    Persentase terhadap total                                                                                 Percentage to total interest
      pendapatan bunga dan bagi                                                                               income and income from
      hasil                                      12,48%                11,34%               11,96%                      profit sharing




                                                               245
Page 697
                                                                               The original financial statements included herein are in the
                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                  44. TRANSACTIONS             WITH     RELATED         PARTIES
    (lanjutan)                                                                 (continued)

   a.    Transaksi dengan pihak berelasi karena                                    a.   Transactions with related parties due to
         hubungan kepemilikan dengan pemerintah                                         ownership relation with government of the
         Republik Indonesia (lanjutan):                                                 Republic of Indonesia (continued):

                                           31 Desember/        31 Desember/           31 Desember/
                                         December 31, 2024   December 31, 2023      December 31, 2022

        Beban bunga, bagi hasil                                                                                      Interest, profit sharing
          dan bonus                                                                                                and bonus expenses

        Simpanan dari nasabah                    5.810.627           3.137.470             2.642.731               Deposits from customers
        Simpanan dari bank lain                      7.515               2.647                   781              Deposits from other banks
        Surat-surat berharga
           yang diterbitkan                        339.212              433.269              455.401                  Securities issued
        Pinjaman yang diterima                   1.075.252              965.111              843.147                      Fund borrowings
        Efek- efek yang dijual                                                                                        Securities sold under
           dengan janji dibeli kembali              19.314               34.593                4.894             repurchase agreement
        Pinjaman subordinasi dan                                                                                     Subordinated loan and
           efek-efek subordinasi                  378.786               381.770              381.760                          securities
        Giro Mudharabah                               112                    18                  181           Mudharabah current accounts
        Tabungan Mudharabah                         1.244                 1.896                6.521           Mudharabah savings deposits
        Deposito Mudharabah                        88.435               149.498               80.613             Mudharabah time deposits

        Total beban bunga dan bonus                                                                     Total interest and bonus expenses
          dari pihak berelasi                    7.720.497           5.106.272             4.416.029                from related parties

        Persentase terhadap total                                                                              Percentage to total interest,
          beban bunga, bagi hasil                                                                              profit sharing and bonus
          dan bonus                                42,78%               34,38%               40,48%                             expense




                                           31 Desember/        31 Desember/           31 Desember/
                                         December 31, 2024   December 31, 2023      December 31, 2022

    Komitmen dan Kontinjensi pada                                                                          Commitments and Contingencies
      Rekening Administratif                                                                                   in Administrative Accounts
      (Catatan 28)                                                                                                               (Note 28)

        Garansi yang diterbitkan                 1.072.600             1.116.581             426.438
          Irrevocable L/C yang masih                                                                                   Guarantees issued
          Berjalan                                  52.513                8.840              115.445       Outstanding irrevocable LCs

    Total komitmen dan kontinjensi                                                                                      Total commitments
      pada rekening administratif                                                                                   and contingencies in
      dari pihak berelasi                        1.125.113             1.125.421             541.883              administrative accounts



    Presentase terhadap total                                                                            Percentage to total commitments
      komitmen dan kontinjensi                                                                                   and contingencies in
      pada rekening administratif                  35,52%                41,28%              43,35%           administrative accounts




                                                                 246
Page 698
                                                                                   The original financial statements included herein are in the
                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                     44. TRANSACTIONS                 WITH       RELATED          PARTIES
    (lanjutan)                                                                    (continued)

   b.    Transaksi dengan manajemen kunci (lanjutan)                                  b. Transactions with key management personnel
                                                                                         (continued)
                                               31 Desember/         31 Desember/          31 Desember/
                                             December 31, 2024    December 31, 2023     December 31, 2022

        Kredit yang diberikan dan piutang/
           pembiayaan syariah                                                                                                          Loan and sharia
           (Catatan 11)                                 83.781               94.105              102.781       financing/receivables (Note 11)
        Cadangan kerugian penurunan                                                                                   Allowance for impairment losses
           nilai dari pihak-pihak berelasi                (350)                (288)               (374)                          for related parties

        Total dari aset pihak-pihak                                                                                Total assets from related parties
          berelasi - neto                               83.431               93.817              102.407                                    - net

        Persentase terhadap total aset                  0,02%                0,02%                0,03%                  Percentage to total assets



                                               31 Desember/         31 Desember/          31 Desember/
                                             December 31, 2024    December 31, 2023     December 31, 2022

        Liabilitas                                                                                                                         Liabilities

        Simpanan dari nasabah                                                                                               Deposits from customers
           (Catatan 18, 19 dan 20)                      60.759              186.924              115.340                    (Notes 18, 19 and 20)
        Liabilitas imbalan kerja                       271.959              288.487              268.476                   Employee benefits liability

        Total liabilitas dari                                                                                                Total liabilities from key
           manajemen kunci                             332.718              475.411              383.816                   management personnel

        Persentase terhadap
          total liabilitas                              0,08%                0,12%                0,11%                Percentage to total liabilities



                                               31 Desember/         31 Desember/          31 Desember/
                                             December 31, 2024    December 31, 2023     December 31, 2022

        Dana Syirkah Temporer                                                                                             Temporary Syirkah Funds
                                                                                                                       Mudharabah current accounts
        Giro Mudharabah (Catatan 18)                         -                2.203                        -                           (Note 18)
        Tabungan Mudharabah                                                                                            Mudharabah savings deposits
           (Catatan 19)                                  7.226                8.363                4.962                               (Note 19)
        Deposito Mudharabah                                                                                              Mudharabah time deposits
           (Catatan 20)                                 11.575                9.297                5.221                               (Note 20)

        Total dana syirkah temporer                                                                                           Total temporary syirkah
           untuk pihak-pihak berelasi                   18.801               19.863               10.183                      funds to related parties

        Persentase total dana syirkah                                                                                Percentage of total temporary
          temporer berelasi terhadap                                                                             syirkah funds related parties to
          dana syirkah temporer                         0,06%                0,07%                0,04%           total temporary syirkah funds



                                               31 Desember/         31 Desember/          31 Desember/
                                             December 31, 2024    December 31, 2023     December 31, 2022

        Pendapatan bunga dan                                                                                              Interest income and income
          bagi hasil                                                                                                             from profit sharing

        Kredit yang diberikan dan                                                                                         Loans and sharia financing/
           pembiayaan/piutang syariah                    5.149                6.821                6.929                             receivables

        Persentase terhadap total                                                                                       Percentage to total interest
          pendapatan bunga dan bagi                                                                                     income and income from
          hasil                                         0,02%                0,02%                0,03%                           profit sharing




                                                                      247
Page 699
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


44. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                  44. TRANSACTIONS               WITH      RELATED           PARTIES
    (lanjutan)                                                                 (continued)

   b.    Transaksi dengan manajemen kunci (lanjutan)                             b.     Transactions with key management personnel
                                                                                        (continued)
                                            31 Desember/        31 Desember/            31 Desember/
                                          December 31, 2024   December 31, 2023       December 31, 2022

        Beban bunga, bagi hasil                                                                                         Interest, profit sharing
          dan bonus                                                                                                   and bonus expenses
          Simpanan dari nasabah                    1.175                 1.446                   1.564                Deposits from customers
          Dana Syirkah                               287                   402                     168            Mudharabah savings deposits

        Total beban bunga,                                                                                                  Total interest, profit
           bagi hasil, dan bonus                   1.462                 1.848                   1.732          sharing and bonus expense



        Persentase terhadap total beban                                                                   Percentage to total interest, profit
        bunga, bagi hasil, dan bonus              0,01%                 0,01%                   0,03%               sharing and bonus expense



                                            31 Desember/        31 Desember/            31 Desember/
                                          December 31, 2024   December 31, 2023       December 31, 2022

        Imbalan jangka pendek:                                                                                   Short-term employee benefits:
        Direksi (Catatan 1h)                     199.832              161.529                  131.671              Board of directors (Note 1h)
        Dewan komisaris (Catatan 1h)              76.260               64.480                   51.960        Board of commissioners (Note 1h)
        Karyawan kunci lain                      265.859              216.253                  221.825                    Other key employees

        Imbalan pasca kerja:                                                                                            Post-employee benefits:
        Karyawan kunci lain                      196.004              200.829                  182.874                    Other key employees

        Imbalan jangka Panjang lainnya:                                                                                Other long term benefits:
        Karyawan kunci lain                       75.955                87.658                  85.602                    Other key employees

        Total                                    813.910              730.749                  673.932                                      Total

        Persentase terhadap total beban                                                                           Percentage to total salaries
        gaji dan tunjangan karyawan              18,31%                 18,35%                 16,08%                 and employee benefits




                                                                  248
Page 700
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. MANAJEMEN RISIKO                                              45. RISK MANAGEMENT

   Risiko Kredit                                                     Credit Risk

   Risiko Kredit adalah Risiko kerugian akibat                       Credit Risk is the risk of loss resulting from the
   kegagalan      pihak    lain     dalam    memenuhi                failure of another party to fulfill its obligations. This
   kewajibannya. Termasuk dalam Risiko Kredit yaitu                  includes Credit Risk arising from debtor default,
   Risiko Kredit akibat kegagalan debitur, Risiko Kredit             Credit Risk due to concentration of funds (Credit
   akibat terkonsentrasinya penyediaan dana (Risiko                  Concentration Risk), Credit Risk from counterparty
   Konsentrasi Kredit), Risiko Kredit akibat kegagalan               default (Counterparty Credit Risk), Credit Risk from
   pihak lawan (counterparty credit risk), Risiko Kredit             settlement failures (Settlement Risk), and Credit
   akibat kegagalan settlement (settlement risk), dan                Risk from country risk.
   Risiko Kredit akibat country risk.

   Risiko Kredit dapat bersumber dari berbagai                       Credit Risk can arise from various business
   aktivitas bisnis Bank. Pemberian kredit merupakan                 activities of the Bank. Lending represents the largest
   sumber Risiko Kredit yang terbesar. Selain kredit,                source of Credit Risk. Besides loans, the Bank
   Bank menghadapi Risiko Kredit dari berbagai                       encounters Credit Risk from various financial
   instrumen keuangan seperti surat berharga,                        instruments such as securities, acceptances,
   akseptasi, transaksi antar Bank, transaksi                        interbank transactions, trade finance transactions,
   pembiayaan perdagangan, transaksi nilai tukar dan                 foreign exchange and derivatives transactions, as
   derivatif serta kewajiban komitmen dan kontinjensi.               well as commitment and contingency obligations.

   Sebagai bagian dari pengelolaan risiko kredit, Bank               As part of credit risk management, the Bank
   secara teratur meninjau dan memperbarui Pedoman                   regularly reviews and updates the Credit and
   Kebijakan Kredit dan Pembiayaan untuk kredit dan                  Financing Policy Guidelines for both credit and
   pembiayaan sebagai bagian dari proses penilaian                   financing as part of the risk assessment process.
   risiko. Eksposur Risiko Kredit dipantau sejak proses              Credit Risk Exposure is monitored from the
   pemberian kredit sampai dengan jatuh tempo kredit.                issuance of credit through to its maturity. Credit risk
   Pemantauan dan pengendalian risiko kredit di                      monitoring and control involve assessing credit risk
   antaranya dengan mengevaluasi eksposur risiko                     exposure relative to credit risk limits (Risk Appetite
   kredit terhadap limit risiko kredit (Risk Appetite and            and Risk Tolerance).
   Risk Tolerance).

   Pengelolaan kredit Bank diarahkan untuk                           The Bank’s loan management is aimed to support
   melakukan ekspansi kredit dan mengelola kualitas                  the loan expansion and to manage the quality of
   setiap kredit sejak saat diberikan sampai dengan                  each loan from the time the loan was granted until
   dilunasi oleh debitur dan untuk mencegah kredit                   the loan is fully repaid by the debtors and to prevent
   tersebut menjadi kredit. Pengelolaan kredit yang                  the loan becoming a Non-Performing Loan (NPL).
   efektif dapat meminimalkan kerugian dan                           Effective loan management is intended to minimize
   mengoptimalkan       penggunaan     modal   yang                  the risk of losses and optimize the use of capital
   dialokasikan untuk risiko kredit.                                 allocated for credit risk.

   Reviu Kredit UMKM dan Komersial bersama Direksi,                  Bank actively conducts the MSME and Commercial
   Divisi, CBC, Kantor Cabang secara bulanan atau                    Loans Portfolio Quality Review Forums with the
   bila diminta sewaktu-waktu sebagai upaya                          Board of Directors, Divisions, CBC, Branch Offices
   memberikan gambaran terkini mengenai posisi dan                   on a monthly basis or when requested at any time in
   kualitas kredit baik secara bankwide maupun per                   an effort to provide an up-to-date picture of the
   segmentasi kredit. Dalam hal peningkatan proses                   position and quality of loans both bankwide and per
   pengambilan keputusan pemberian kredit, Bank                      loan segment. In terms of improving the credit
   juga melakukan pembentukan komite kredit melalui                  decision making process, the Bank has also
   Rapat Komite Kredit disertai dengan sentralisasi                  established a credit committee through Credit
   proses kredit.                                                    Committee Meetings along with centralizing the
                                                                     credit process.




                                                            249
Page 701
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                 45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                        Credit Risk (continued)
   Pada segmen kredit komersial, Bank telah                        In the commercial loan segment, the Bank has
   mengimplementasikan Commercial Banking Center                   implemented the Commercial Banking Center
   (CBC) dimana CBC berfungsi sebagai sentralisasi                 (CBC) where the CBC serves as the centralization
   pemrosesan kredit komersial. Pada segmen SME,                   of commercial loan processing. In the SME
   Bank juga sedang melakukan implementasi SPU                     segment, the Bank is also implementing SPU
   (Sentra Proses UMKM) sebagai upaya perbaikan                    (MSME Process Center) as an effort to improve the
   proses dan pengelolaan kredit UMKM untuk                        process and management of MSME loans to
   meningkatkan produktivitas, perbaikan kualitas                  increase productivity, improve the quality of credit
   putusan kredit yang tersentral dan objektif, serta              decisions that are centralized and objective, and
   monitoring yang tersentralisasi. Bank juga mulai                centralized monitoring. The Bank has also started to
   menerapkan Portfolio Guideline untuk Kredit                     implement Portfolio Guideline for Wholesale Loans
   Wholesale sebagai pengendalian risiko konsentrasi               as a credit concentration risk control while still
   kredit dengan tetap mengedepankan asas prudent                  prioritizing prudent and governance principles. The
   dan governance. Bank melakukan beberapa                         Bank conducted several system developments such
   pengembangan model terkait pengelolaan risiko                   as in the SME segment, the Credit Scoring Model
   kredit seperti pada segment SME dikembangkan                    SME system was developed and in the MSME,
   sistem Credit Scoring Model SME dan pada                        Commercial and Corporate loan segments an Early
   segment kredit UMKM, Komersial dan Korporasi                    Warning System (EWS) is being developed.
   sedang dikembangkan Early Warning System
   (EWS).

   Pada kredit konsumer, proses pengendalian risiko                In consumer loans, credit risk management is
   kredit dilakukan melalui sistem iLoan Konsumer                  carried out through the iLoan Consumer system,
   yang dilengkapi dengan Credit Scoring Model                     which includes a Credit Scoring Model (CSM). The
   (CSM) dimana saat ini sedang dilakukan                          Bank is currently enhancing its CSM. In addition, the
   pengembangan pada CSM Bank. Selain itu, Bank                    Bank conducts periodic Consumer Credit
   melakukan Performance Review Kredit Konsumer                    Performance Reviews with field directors and
   secara berkala bersama direktur bidang dan unit                 related work units as an effort to provide an up-to-
   kerja terkait sebagai upaya untuk memberikan                    date picture of the position and quality of loans and
   gambaran terkini mengenai posisi dan kualitas kredit            financing both bankwide and per consumer credit
   dan pembiayaan baik secara bankwide maupun per                  segmentation. The management of consumer credit
   segmentasi kredit konsumer. Pengelolaan debitur                 debtors classified as Kol-2 and NPL is handled by
   kredit konsumer Kol-2 dan NPL dilakukan oleh                    the Consumer Collection and Remedial Unit,
   Satuan Kerja Pembinaan, Penyelamatan &                          whereas commercial credit is managed by the
   Penyelesaian Kredit Konsumer sedangkan untuk                    Commercial Asset Management Unit.
   kredit komersial dilakukan oleh Satuan Kerja
   Commercial Asset Management.

   Sebagai tindak lanjut penerapan Pilar 1 Basel II,               As part of implementing Pillar 1 of Basel II, the Bank
   Bank mengimplementasikan pengukuran risiko                      has adopted the Standardized Approach for
   kredit   dengan    menggunakan      Standardized                measuring credit risk, in accordance with OJK
   Approach sesuai dengan SE OJK No.                               Circular Letter No. 24/SEOJK.03/2021 dated
   24/SEOJK.03/2021 tanggal 7 Oktober 2021 perihal                 October 7, 2021, regarding the Calculation of Risk-
   Perhitungan Aset Tertimbang Menurut Risiko                      Weighted Assets (RWA) for Credit Risk using the
   (ATMR) untuk Risiko Kredit dengan menggunakan                   Standard Approach for Commercial Banks, which
   Pendekatan Standar bagi Bank Umum yang efektif                  will come into effect in January 2023.
   diberlakukan pada Januari 2023.




                                                          250
Page 702
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                  45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                         Credit Risk (continued)

   Dalam rangka mengelola risiko kredit, Bank telah                 In managing credit risk, the Bank has implemented
   menerapkan Four Eyes Principle dengan                             the Four Eyes Principle by separating the credit risk
   memisahkan fungi risiko kredit dan unit bisnis.                   function from the business units. For commercial
   Dalam putusan kredit komersial terdiri dari                       credit decisions, there are distinct roles for
   Commercial Risk dan Unit Bisnis selaku Risk Taking                Commercial Risk and the Business Unit as the Risk
   Unit dan first line serta putusan kredit konsumer                 Taking Unit and first line of defense. For consumer
   yang terdiri dari Retail Risk Division (Regional Loan             credit decisions, the roles are divided between the
   Processing Center) dan Kantor Cabang maupun                       Retail Risk Division (Regional Loan Processing
   Kantor Wilayah.                                                   Center) and the Branch Offices or Regional Offices.

   Dalam memperkuat manajemen risiko pembiayaan                     In strengthening financing risk management to
   untuk mengendalikan komposisi portofolio kredit                   control the composition of the Bank's loan portfolio
   Bank dan memastikan laju pertumbuhan portofolio                   and ensure a healthy loan portfolio growth rate,
   kredit yang sehat maka Bank BTN melakukan                         Bank BTN manages credit risk through Portfolio
   pengelolaan risiko kredit melalui Portfolio Guideline             Guideline in-order-to avoid the danger of
   agar dapat menghindarkan bank dari bahaya risiko                  concentration risk. Portfolio Guideline is a strategic
   konsentrasi. Portfolio Guideline merupakan inisiatif              initiative in channelling the Bank's financing to
   strategis dalam penyaluran pembiayaan Bank untuk                  always pay attention to the latest macroeconomic
   selalu memperhatikan kondisi makro ekonomi yang                   conditions, especially in certain sectors that are
   terkini terutama pada sektor-sektor tertentu yang                 considered still feasible to finance, including several
   dinilai masih layak untuk dibiayai termasuk                       sectors that can be used as priority sectors,
   beberapa sektor yang dapat digunakan sebagai                      including aspects of analysis and monitoring of NPL
   sektor-sektor prioritas termasuk didalamnya aspek                 per industrial sector, financing limits per industrial
   analisa dan monitoring terhadap NPL per sektor                    sector and industrial sector prospects in supporting
   industri, limit pembiayaan per sektor industri dan                the development of the Company's business
   prospek sektor industri dalam mendukung                           business and considering ESG aspects in its
   perkembangan usaha bisnis Perseroan serta                         determination.
   mempertimbangkan          aspek     ESG        dalam
   penetapannya.




                                                           251
Page 703
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                   45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                          Credit Risk (continued)

   (i)   Analisa eksposur maksimum terhadap risiko                   (i)   Analysis on maximum exposures against credit
         kredit setelah memperhitungkan dampak                             risks considering the impact of collateral and
         agunan dan mitigasi risiko kredit lainnya:                        other credit risks mitigation:

         Nilai tercatat dari aset keuangan Bank selain                     The carrying value of the Bank’s financial
         kredit    yang     diberikan  menggambarkan                       assets other than loans represents its maximum
         eksposur maksimum atas risiko kredit.                             exposure to credit risk.

         Bank menetapkan jenis dan nilai agunan yang                       The Bank determined the type and value
         dijaminkan sesuai skema kredit dan perkiraan                      of collateral according to the loan scheme
         tingkat risiko kredit dari counterparty sebagai                   as well as estimated credit risk level from the
         second way out yang ditetapkan. Jenis dari                        counterparty as a determined second way out.
         agunan terdiri dari:                                              The types of collateral are as follows:

         a)   Physical collateral, berupa tanah dan                        a)   Physical collateral, such as land and
              bangunan.                                                         buildings.

         b)   Financial collateral, berupa simpanan                        b)   Financial collateral, such as third party
              (tabungan, giro dan deposito), surat                              funds (saving deposits, demand deposits
              berharga, dan lain-lain.                                          and time deposits), securities, etc.

         c)   Lainnya    berupa      garansi,   lembaga                    c)   Others, such as guarantees, guarantee
              penjamin, dan lain-lain.                                          institution, etc.

         Pemberian kredit yang dilaksanakan oleh Bank                      The loan granting conducted by the Bank is
         diatur dalam kebijakan dan prosedur                               stipulated in the loan policy and procedure in
         perkreditan dimana untuk setiap jenis atau                        which every loan type or scheme has minimum
         skema kredit telah ditentukan agunan minimal                      determinable collaterals that should be fulfilled.
         yang harus dipenuhi.

         Untuk segmen kredit komersial yang umumnya                        For commercial loans segment which generally
         merupakan kredit yasa griya, sesuai ketentuan                     represent yasa griya loan, according to the loan
         perkreditan wajib dijamin oleh agunan yang                        policy has to be collateralized adequately. The
         memadai. Agunan dapat berupa physical                             collaterals can be physical collateral, financial
         collateral, financial collateral atau lainnya                     collateral or others such as accounts receivable
         berupa tagihan usaha atau garansi. Untuk                          or guarantees. All collaterals particularly for
         seluruh agunan khususnya physical collateral                      physical collateral will be assessed in which the
         akan dilakukan retaksasi dimana nilai likuidasi                   collateral’s liquidation value will be used in
         atas agunan tersebut yang akan dipergunakan                       determining the coverage ratio.
         dalam menentukan kecukupan nilai agunan
         (coverage ratio).

         Selain aspek agunan untuk meminimalkan                            In addition to collateral aspect to minimize credit
         risiko kredit, pemberian kredit oleh Bank selalu                  risk, loan granting is conducted based on
         dilakukan berdasarkan evaluasi dan analisa                        evaluation and feasibility analysis so that the
         kelayakan          sehingga         kemampuan                     loan repayment ability (first way out) can be
         pengembalian kredit (first way out) dapat                         ascertained.
         dipastikan.

         Adanya keharusan bagi debitur untuk                               The necessity for debtors to comply with
         memenuhi agunan yang dipersyaratkan,                              collaterals    requirement,    loan    feasibility
         evaluasi atas kelayakan kredit, pengikatan                        evaluation, notarial agreement and pre
         kredit secara legal dan prosedur pre screening                    screening procedures will decrease the Bank’s
         akan menurunkan credit risk eksposur Bank ke                      credit risk exposure to the acceptable level.
         tingkat yang layak dan dapat diterima.




                                                            252
Page 704
                                                                                                           The original financial statements included herein are in the
                                                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                               unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                       45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                                    Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                                (ii) Concentration of risks of financial assets with
        eksposur risiko kredit                                                                                      credit risk exposure

       a)     Sektor geografis                                                                                     a)       Geographical sectors

              Tabel berikut menggambarkan rincian                                                                           The following tables provide details of the
              eksposur kredit Bank pada nilai tercatat,                                                                     Bank’s credit exposures at their carrying
              yang dikategorikan berdasarkan area                                                                           amounts, as categorized by geographical
              geografis pada tanggal 31 Desember 2024,                                                                      region as of December 31, 2024, 2023 and
              2023 dan 2022. Untuk tabel ini, Bank telah                                                                    2022. For these tables, the Bank has
              mengalokasikan        eksposur        area                                                                    allocated exposures to the regions based
              berdasarkan wilayah geografis tempat                                                                          on the geographical area where activities
              mereka beroperasi.                                                                                            are undertaken.
                                                                                       31 Desember/December 31, 2024

                                                                              Jawa selain
                                                                           Jabodetabek/
                                  Kantor Pusat/                            Java other than                         Lain-lain/
                                   Head Office         Jabodetabek           Jabodetabek            Sumatera       Others**)                Total

      Giro pada                                                                                                                                                          Current accounts with
        Bank Indonesia               22.739.920                        -                        -              -                  -         22.739.920                       Bank Indonesia
                                                                                                                                                                              Current accounts
      Giro pada bank lain         5.950.059                            -                   31            1.636                  20           5.951.746                     with other banks
      Penempatan pada                                                                                                                                                          Placements with
         Bank Indonesia dan                                                                                                                                             Bank Indonesia and
         bank lain                4.661.104                         -                        -               -                    -          4.661.104                           other banks
      Efek-efek                 24.971.697                    383.875                        -           7.838                    -         25.363.410                               Securities
      Obligasi Pemerintah       35.475.529                          -                                                                       35.475.529                     Government bonds
      Tagihan akseptasi                   -                   941.898                        -                 -                  -            941.898                  Acceptance receivable
      Efek-efek yang dibeli                                                                                                                                            Securities purchased
         Janji dijual kembali       175.625                            -                     -                 -                  -            175.625                under agreement to resell
      Tagihan derivatif             102.843                            -                     -                 -                  -            102.843                    Derivative receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                                    Loans and sharia financing/
         syariah                                                                                                                                                                 receivables
         Konsumer                                                                                                                                                                 Consumer
            Pemilikan rumah               -             116.464.607                 73.058.790      44.058.405       46.349.214           279.931.016                       Housing loan
            Non-kepemilikan rumah         -               4.637.889                  4.708.817       1.836.661        3.340.846            14.524.213                   Non-housing loan
         Modal kerja                      -              24.174.581                  7.438.085       2.653.174        2.462.040            36.727.880                        Working capital
         Investasi                        -              14.354.998                  1.700.369         776.661          361.354            17.193.382                            Investment
         Sindikasi                        -               7.785.728                          -               -                -             7.785.728                            Syndicated
         Direksi dan karyawan                                                                                                                                       Director and Employees
           - Pihak ketiga                 -                   736.962                 490.660          229.176            282.410            1.739.208                          Third party -
          - Pihak berelasi                -                    39.362                  16.671            4.960             10.512               71.505                        Related party -
      Bunga yang masih
        akan diterima               607.244                 5.591.111                3.013.745       1.142.511        1.163.963             11.518.574                        Interest receivable
      Aset lain-lain*)            1.000.199                   765.978                    8.716           2.238            4.753              1.781.884                             Other assets*)

      Total kotor                    95.684.220         175.876.989                 90.435.884      50.713.260       53.975.112           466.685.465                                Total gross

      Cadangan kerugian                                                                                                                                                         Allowances for
        penurunan nilai                                                                                                                   (13.062.532)                   impairment losses

      Neto                                                                                                                                453.622.933                                        Net

       *)    Terdiri atas tagihan kepada pihak ketiga                                                               *)    Consists of third parties receivables
       **)   Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua.                                   **)   Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua.




                                                                                            253
Page 705
                                                                                                         The original financial statements included herein are in the
                                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                             unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                     45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                                  Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                              (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                                         credit risk exposure (continued)

       a)     Sektor geografis (lanjutan)                                                                        a)       Geographical sectors (continued)

              Tabel berikut menggambarkan rincian                                                                         The following tables provide details of the
              eksposur kredit Bank pada nilai tercatat,                                                                   Bank’s credit exposures at their carrying
              yang dikategorikan berdasarkan area                                                                         amounts, as categorized by geographical
              geografis pada tanggal 31 Desember                                                                          region as of December 31,2024, 2023 and
              2024, 2023 dan 2022. Untuk tabel ini, Bank                                                                  2022. For these tables, the Bank has
              telah mengalokasikan eksposur area                                                                          allocated exposures to the regions based
              berdasarkan wilayah geografis tempat                                                                        on the geographical area where activities
              mereka beroperasi. (lanjutan)                                                                               are undertaken. (continued)
                                                                           31 Desember/December 31, 2023

                                                                              Jawa selain
                                                                           Jabodetabek/
                                  Kantor Pusat/                            Java other than                       Lain-lain/
                                   Head Office         Jabodetabek           Jabodetabek          Sumatera       Others**)                Total

      Giro pada                                                                                                                                                         Current accounts with
        Bank Indonesia               18.145.761                        -                     -               -                  -         18.145.761                       Bank Indonesia
                                                                                                                                                                            Current accounts
      Giro pada bank lain         2.202.683                            -                  403           288                    24          2.203.398                      with other banks
      Penempatan pada                                                                                                                                                        Placements with
         Bank Indonesia dan                                                                                                                                            Bank Indonesia and
         bank lain              30.561.122                          -                       -                -                  -         30.561.122                           other banks
      Efek-efek                   4.661.195                   644.080                     598                -                  -          5.305.873                                Securities
      Obligasi Pemerintah       35.893.929                          -                       -                -                  -         35.893.929                      Government bonds
      Tagihan akseptasi                   -                   544.567                       -                -                  -            544.567                   Acceptance receivable
      Tagihan derivatif              32.176                         -                       -                -                  -             32.176                     Derivative receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                                  Loans and sharia financing/
         syariah                                                                                                                                                               receivables
         Konsumer                                                                                                                                                               Consumer
            Pemilikan rumah               -             108.384.592                 66.369.601    40.751.732       42.564.956           258.070.881                       Housing loan
            Non-kepemilikan rumah         -               3.953.716                  4.334.006     1.612.985        3.105.874            13.006.581                   Non-housing loan
         Modal kerja                      -              26.289.070                  6.911.050     2.402.162        2.357.847            37.960.129                        Working capital
         Investasi                        -              13.025.928                  1.571.579       688.670          245.830            15.532.007                            Investment
         Sindikasi                        -               7.150.361                                        -                -             7.150.361                            Syndicated
         Direksi dan karyawan:                                                                                                                                    Director and Employees
           - Pihak ketiga                 -                   815.126                 518.583        253.279            306.644            1.893.632                          Third party -
          - Pihak berelasi                -                    44.440                  23.270          5.808             11.032               84.550                        Related party -
      Bunga yang masih
        akan diterima               535.488                 5.711.328                2.935.706     1.061.214        1.282.951             11.526.687                        Interest receivable
      Aset lain-lain*)            1.495.389                   363.395                    8.930         2.068            3.714              1.873.496                             Other assets*)

      Total kotor                    95.684.220         175.876.989                 90.435.884    50.713.260       53.975.112           466.685.465                                Total gross

      Cadangan kerugian                                                                                                                                                       Allowances for
        penurunan nilai                                                                                                                 (15.640.547)                   impairment losses

      Neto                                                                                                                              451.044.918                                        Net

       *)    Terdiri atas tagihan kepada pihak ketiga                                                             *)    Consists of third parties receivables
       **)   Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua.                                 **)   Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua.




                                                                                            254
Page 706
                                                                                                         The original financial statements included herein are in the
                                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                             unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                     45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                                  Credit Risk (continued)
   (ii) Konsentrasi risiko aset keuangan dengan                                                              (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                                         credit risk exposure (continued)

       a)     Sektor geografis (lanjutan)                                                                        a)       Geographical sectors (continued)

              Tabel berikut menggambarkan rincian                                                                         The following tables provide details of the
              eksposur kredit Bank pada nilai tercatat,                                                                   Bank’s credit exposures at their carrying
              yang dikategorikan berdasarkan area                                                                         amounts, as categorized by geographical
              geografis pada tanggal 31 Desember                                                                          region as of December 31,2024, 2023 and
              2024, 2023 dan 2022. Untuk tabel ini, Bank                                                                  2022. For these tables, the Bank has
              telah mengalokasikan eksposur area                                                                          allocated exposures to the regions based
              berdasarkan wilayah geografis tempat                                                                        on the geographical area where activities
              mereka beroperasi. (lanjutan)                                                                               are undertaken. (continued)
                                                                           31 Desember/December 31, 2022
                                                                              Jawa selain
                                                                           Jabodetabek/
                                  Kantor Pusat/                            Java other than                       Lain-lain/
                                   Head Office         Jabodetabek           Jabodetabek          Sumatera       Others**)                Total

      Giro pada                                                                                                                                                         Current accounts with
        Bank Indonesia               25.416.941                        -                     -               -                  -         25.416.941                        Bank Indonesia
                                                                                                                                                                             Current accounts
      Giro pada bank lain         1.470.723                            -                  240          1.271                  23           1.472.257                       with other banks
      Penempatan pada                                                                                                                                                         Placements with
         Bank Indonesia dan                                                                                                                                            Bank Indonesia and
         bank lain              12.975.955                             -                     -               -                  -         12.975.955                            other banks
      Efek-efek                   1.723.168                            -                                                                   1.723.168                                 Securities
      Obligasi Pemerintah       51.964.973                             -                     -               -                   -        51.964.973                       Government bonds
      Efek - efek yang dibeli                                                                                                                                           Securities purchased
         dengan janji dijual                                                                                                                                              under agreement
         kembali                  1.434.190                         -                       -                -                  -          1.434.190                                to resell
      Tagihan akseptasi                   -                   410.219                  10.343                -                  -            420.562                   Acceptance receivable
      Tagihan derivatif             103.939                         -                       -                -                  -            103.939                     Derivative receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                                  Loans and sharia financing/
         syariah                                                                                                                                                               receivables
         Konsumer                                                                                                                                                               Consumer
            Pemilikan rumah               -               98.728.648                59.465.684    37.405.974       38.286.748           233.887.054                       Housing loan
            Non-kepemilikan rumah         -                3.415.964                 3.965.796     1.400.018        2.907.880            11.689.658                   Non-housing loan
         Modal kerja                      -               22.394.510                 7.732.094     2.044.470        2.284.609            34.455.683                        Working capital
         Investasi                        -                9.556.832                 1.246.509       636.549          203.732            11.643.622                            Investment
         Sindikasi                        -                4.504.244                         -             -                -             4.504.244                            Syndicated
         Direksi dan karyawan:                                                                                                                                    Director and Employees
           - Pihak ketiga                 -                   874.100                 538.776        273.637            321.567            2.008.080                        Third party -
          - Pihak berelasi                -                    52.022                  22.575          6.090             12.676               93.363                     Related party -
      Bunga yang masih
        akan diterima               556.024                 5.216.864                2.719.508       993.220        1.264.686             10.750.302                        Interest receivable
      Aset lain-lain*)              948.131                    78.478                    8.250         2.090            3.099              1.040.048                          Other assets*)

      Total kotor                    96.594.044         145.231.881                 75.709.775    42.763.319       45.285.020           405.584.039                                Total gross

      Cadangan kerugian                                                                                                                                                       Allowances for
        penurunan nilai                                                                                                                 (15.679.205)                   impairment losses

      Neto                                                                                                                              389.904.834                                        Net

       *)    Terdiri atas tagihan kepada pihak ketiga                                                             *)    Consists of third parties receivables
       **)   Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua.                                 **)   Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua.




                                                                                            255
Page 707
                                                                                                        The original financial statements included herein are in the
                                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                            unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                     45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                                 Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                             (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                                        credit risk exposure (continued)

       Eksposur      risiko   kredit atas   rekening                                                            Credit risk exposure related to administrative
       administratif        pada      tanggal-tanggal                                                           accounts as of December 31, 2024, 2023 and
       31 Desember 2024, 2023 dan 2022 adalah                                                                   2022 are as follows:
       sebagai berikut:

                                                                           31 Desember/December 31, 2024

                                                                              Jawa selain
                                                                            Jabodetabek/
                                   Kantor Pusat/                           Java other than                      Lain-lain/
                                    Head Office         Jabodetabek          Jabodetabek         Sumatera       Others*)                Total

      Fasilitas kredit
         yang belum ditarik **)                    -           30.170                  43.227        11.408             1.379               86.184               Unused loan facilities**)
      Garansi yang diterbitkan                     -        1.720.973               1.019.953       154.606           228.471            3.124.003                  Guarantees issued
      Irrevocable L/C                                                                                                                                                      Outstanding
            Yang masih berjalan                    -           249.694                      -               -                 -            249.694                    irrevocable L/Cs

      Total                                        -        2.000.837               1.063.180       166.014           229.850            5.187.592                                      Total




                                                                           31 Desember/December 31, 2023

                                                                              Jawa selain
                                                                            Jabodetabek/
                                   Kantor Pusat/                           Java other than                      Lain-lain/
                                    Head Office         Jabodetabek          Jabodetabek         Sumatera       Others*)                Total

      Fasilitas kredit
         yang belum ditarik **)                    -           34.511                  39.265        46.294             7.013              127.083               Unused loan facilities**)
      Garansi yang diterbitkan                     -        1.189.111               1.176.639        88.872           124.553            2.579.175                  Guarantees issued
      Irrevocable L/C                                                                                                                                                      Outstanding
            Yang masih berjalan                    -            19.393                      -          713                    -             20.106                    irrevocable L/Cs

      Total                                        -        1.243.015               1.215.904       135.879           131.566            2.726.364                                      Total



                                                                           31 Desember/December 31, 2022

                                                                              Jawa selain
                                                                            Jabodetabek/
                                   Kantor Pusat/                           Java other than                      Lain-lain/
                                    Head Office         Jabodetabek          Jabodetabek         Sumatera       Others*)                Total

      Fasilitas kredit
         yang belum ditarik **)                    -            15.819                36.774         25.471             2.064               80.128               Unused loan facilities**)
      Garansi yang diterbitkan                     -           718.932               190.123            623            38.817              948.495                  Guarantees issued
      Irrevocable L/C                                                                                                                                                      Outstanding
              Yang masih berjalan                  -           173.743                47.741                -                 -            221.484                    irrevocable L/Cs

      Total                                        -           908.494               274.638         26.094            40.881            1.250.107                                      Total


       *)     Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua                               *)    Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua
       **)    Hanya fasilitas kredit committed yang belum ditarik                                               **)   Only for committed unused loan facility




                                                                                           256
Page 708
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                              45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                        Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                    (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                               credit risk exposure (continued)

       b)     Sektor industri                                                                                 b)      Industry sectors

              Tabel berikut ini menggambarkan rincian                                                                 The following tables provide the details of
              eksposur kredit Bank pada nilai tercatat                                                                the Bank’s credit exposure at carrying
              (tanpa memperhitungkan agunan atau                                                                      amounts (without taking into account any
              pendukung      kredit  lainnya),   yang                                                                 collateral   held     or   other    credit
              dikategorikan berdasarkan sektor industri                                                               tenhancements), categorized based on
              pada tanggal-tanggal 31 Desember 2024,                                                                  industry sectors as of December 31, 2024,
              2023 dan 2022:                                                                                          2023 and 2022:


                                                                     31 Desember/December 31, 2024

                                Pemerintah
                                 (termasuk
                                    Bank                                 Lembaga
                                Indonesia)/                              keuangan
                                Government                              bukan bank/        Perusahaan
                                 (including                              Non-bank            lainnya/
                                    Bank               Bank/              financial           Other           Perseorangan/
                                 Indonesia)            Banks            institutions       companies**)        Individuals                 Total

      Giro pada                                                                                                                                                    Current accounts with
         Bank Indonesia            22.739.920                    -                     -                  -                     -         22.739.920                   Bank Indonesia
                                                                                                                                                                        Current accounts
      Giro pada bank lain                -              5.951.746                      -                  -                     -          5.951.746                 with other banks
      Penempatan pada                                                                                                                                                    Placements with
         Bank Indonesia dan                                                                                                                                       Bank Indonesia and
         bank lain               4.661.043                     61                   -                 -                         -          4.661.104                       other banks
      Efek-efek                 18.899.989                 78.102           1.884.017         4.501.302                         -         25.363.410                           Securities
      Obligasi Pemerintah       35.475.529                      -                   -                 -                         -         35.475.529                 Government bonds
      Efek-efek yang dibeli                                                                                                                                      Securities purchased
         Janji dijual kembali            -                175.625                      -               -                        -            175.625            under agreement to resell
      Tagihan Akseptasi                  -                      -                      -        941.898                         -            941.898             Acceptance Receivable
      Tagihan Derivatif                  -                102.843                      -              -                         -            102.843               Derivative Receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                               Loans and sharia financing/
         syariah                10.445.528                550.022            609.473         48.893.863             297.474.046         357.972.932                       receivables
      Bunga yang masih
         akan diterima             731.559                  1.894               4.059         1.661.468               9.119.594           11.518.574                    Interest receivable
      Aset lain-lain*)             194.296                  2.383              73.893         1.230.420                 280.892            1.781.884                        Other assets*)

      Total kotor                  93.147.864           6.862.676           2.571.442        57.228.951             306.874.532         466.685.465                            Total gross

      Cadangan kerugian                                                                                                                                                   Allowances for
        penurunan nilai                                                                                                                 (13.062.532)                  impairment losses

      Neto                                                                                                                              453.622.933                                      Net




       *)    Terdiri atas tagihan kepada pihak ketiga.                                                        *)      Consists of third party receivables.
       **)   Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                             **)     Includes other companies under real estate, construction, manufacturing,
             manufaktur, transportasi, pergudangan dan komunikasi, perdagangan,                                       transportation, warehousing and communication, trading, farming, mining and
             pertanian, pertambangan dan industri lainnya.                                                            other industries.




                                                                                    257
Page 709
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                              45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                        Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                    (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                               credit risk exposure (continued)

       b)     Sektor industri (lanjutan)                                                                      b)      Industry sectors (continued)

              Tabel berikut ini menggambarkan rincian                                                                 The following tables provide the details of
              eksposur kredit Bank pada nilai tercatat                                                                the Bank’s credit exposure at carrying
              (tanpa memperhitungkan agunan atau                                                                      amounts (without taking into account any
              pendukung      kredit   lainnya),  yang                                                                 collateral   held     or   other    credit
              dikategorikan berdasarkan sektor industri                                                               enhancements), categorized based on
              pada tanggal-tanggal 31 Desember 2024,                                                                  industry sectors as of December 31, 2024,
              2023 dan 2022: (lanjutan)                                                                               2023 and 2022: (continued)

                                                                     31 Desember/December 31, 2023

                                Pemerintah
                                 (termasuk
                                    Bank                                 Lembaga
                                Indonesia)/                              keuangan
                                Government                              bukan bank/        Perusahaan
                                 (including                              Non-bank            lainnya/
                                    Bank               Bank/              financial           Other           Perseorangan/
                                 Indonesia)            Banks            institutions       companies**)        Individuals                 Total

      Giro pada                                                                                                                                                     Current accounts with
         Bank Indonesia            18.145.761                    -                     -                  -                     -         18.145.761                   Bank Indonesia
                                                                                                                                                                        Current accounts
      Giro pada bank lain                -              2.203.398                      -                  -                     -          2.203.398                  with other banks
      Penempatan pada                                                                                                                                                    Placements with
         Bank Indonesia dan                                                                                                                                        Bank Indonesia and
         bank lain              12.148.687             18.412.435                   -                 -                         -         30.561.122                       other banks
      Efek-efek                    501.570                163.395           1.989.553         2.651.355                         -          5.305.873                           Securities
      Obligasi Pemerintah       35.893.929                      -                   -                 -                         -         35.893.929                  Government bonds
      Tagihan Akseptasi                  -                      -                   -           544.567                         -            544.567              Acceptance Receivable
      Tagihan Derivatif                  -                 32.176                   -                 -                         -             32.176               Derivative Receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                               Loans and sharia financing/
         syariah                 7.558.101              1.325.728           1.407.154        48.195.548             275.211.610         333.698.141                       receivables
      Bunga yang masih
         akan diterima             709.162                  4.651               7.818         2.120.280               8.684.776           11.526.687                    Interest receivable
      Aset lain-lain*)             574.025                 31.022              75.821           876.238                 316.390            1.873.496                        Other assets*)

      Total kotor                  75.531.235          22.172.805           3.480.346        54.387.988             284.212.776         439.785.150                            Total gross

      Cadangan kerugian                                                                                                                                                   Allowances for
        penurunan nilai                                                                                                                 (15.640.547)                  impairment losses

      Neto                                                                                                                              424.144.603                                      Net



       *)    Terdiri atas tagihan kepada pihak ketiga.                                                        *)      Consists of third party receivables.
       **)   Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                             **)     Includes other companies under real estate, construction, manufacturing,
             manufaktur, transportasi, pergudangan dan komunikasi, perdagangan,                                       transportation, warehousing and communication, trading, farming, mining and
             pertanian, pertambangan dan industri lainnya.                                                            other industries.




                                                                                    258
Page 710
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                              45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                        Credit Risk (continued)

   (ii) Konsentrasi risiko aset keuangan dengan                                                    (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                               credit risk exposure (continued)

       b)     Sektor industri (lanjutan)                                                                      b)      Industry sectors (continued)

              Tabel berikut ini menggambarkan rincian                                                                 The following tables provide the details of
              eksposur kredit Bank pada nilai tercatat                                                                the Bank’s credit exposure at carrying
              (tanpa memperhitungkan agunan atau                                                                      amounts (without taking into account any
              pendukung      kredit   lainnya),  yang                                                                 collateral   held     or   other    credit
              dikategorikan berdasarkan sektor industri                                                               enhancements), categorized based on
              pada tanggal-tanggal 31 Desember 2024,                                                                  industry sectors as of December 31, 2024,
              2023 dan 2022: (lanjutan)                                                                               2023 and 2022: (continued)


                                                                     31 Desember/December 31, 2022

                                Pemerintah
                                 (termasuk
                                    Bank                                 Lembaga
                                Indonesia)/                              keuangan
                                Government                              bukan bank/        Perusahaan
                                 (including                              Non-bank            lainnya/
                                    Bank               Bank/              financial           Other           Perseorangan/
                                 Indonesia)            Banks            institutions       companies**)        Individuals                 Total

      Giro pada                                                                                                                                                     Current accounts with
         Bank Indonesia            25.416.941                    -                     -                  -                     -         25.416.941                   Bank Indonesia
                                                                                                                                                                        Current accounts
      Giro pada bank lain                -              1.472.257                      -                  -                     -          1.472.257                  with other banks
      Penempatan pada                                                                                                                                                    Placements with
         Bank Indonesia dan                                                                                                                                        Bank Indonesia and
         bank lain              12.575.894                400.061                  -                  -                         -         12.975.955                       other banks
      Efek-efek                          -                547.036            593.031            583.101                         -          1.723.168                            Securities
      Obligasi Pemerintah       51.964.973                      -                  -                  -                         -         51.964.973                  Government bonds
      Efek - efek yang dibeli                                                                                                                                       Securities purchased
         dengan janji dijual                                                                                                                                         under agreement
         kembali                 1.434.190                      -                      -              -                         -          1.434.190                           to resell
      Tagihan Akseptasi                  -                      -                      -        420.562                         -            420.562              Acceptance Receivable
      Tagihan Derivatif                  -                103.939                                                               -            103.939               Derivative Receivable
      Kredit yang diberikan
         dan piutang/pembiayaan                                                                                                                               Loans and sharia financing/
         syariah                 4.516.550                 40.261            810.586         44.381.293             248.533.014         298.281.704                       receivables
      Bunga yang masih
         akan diterima             545.988                 31.175               4.023         2.427.021               7.742.095           10.750.302                    Interest receivable
      Aset lain-lain*)               5.733                488.071                   -           403.022                 143.222            1.040.048                        Other assets*)

      Total kotor                  96.460.269           3.082.800           1.407.640        48.214.999             256.418.331         405.584.039                            Total gross

      Cadangan kerugian                                                                                                                                                   Allowances for
        penurunan nilai                                                                                                                 (15.679.205)                  impairment losses

      Neto                                                                                                                              389.904.834                                      Net


       *)    Terdiri atas tagihan kepada pihak ketiga.                                                        *)      Consists of third party receivables.
       **)   Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                             **)     Includes other companies under real estate, construction, manufacturing,
             manufaktur, transportasi, pergudangan dan komunikasi, perdagangan,                                       transportation, warehousing and communication, trading, farming, mining and
             pertanian, pertambangan dan industri lainnya.                                                            other industries.




                                                                                    259
Page 711
                                                                                                        The original financial statements included herein are in the
                                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                           unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                    45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                              Credit Risk (continued)
   (ii) Konsentrasi risiko aset keuangan dengan                                                          (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                                     credit risk exposure (continued)
        b)     Sektor industri (lanjutan)                                                                       b)      Industry sectors (continued)
               Eksposur risiko kredit yang terkait dengan                                                               Credit    risk    exposure relating to
               unsur rekening administratif adalah                                                                      administrative account items as of
               sebagai berikut pada tanggal-tanggal                                                                     December 31, 2024, 2023 and 2022, are
               31 Desember 2024, 2023 dan 2022:                                                                         as follows: (continued)
               (lanjutan)
                                                                            31 Desember/December 31, 2024

                                   Pemerintah
                                    (termasuk
                                       Bank                                   Lembaga
                                   Indonesia)/                                keuangan
                                   Government                                bukan bank/         Perusahaan
                                    (including                                Non-bank             lainnya/
                                       Bank                Bank/               financial            Other       Perseorangan/
                                    Indonesia)             Banks             institutions        companies*)     Individuals                Total

      Fasilitas kredit
          yang belum ditarik **)                  -                    -                     -         54.766              31.418              86.184              Unused loan facilities**)
      Garansi yang diterbitkan                    -                    -                     -      3.122.286               1.717           3.124.003                 Guarantees issued
      Irrevocable L/C                                                                                                                                                        Outstanding
          yang masih berjalan                     -                    -                     -        249.694                     -           249.694                 irrevocable L/Cs

      Total                                       -                    -                     -      3.426.746              33.135           3.459.881                                  Total


       *)  Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                                 *)    Includes other companies under real estate, construction, manufacturing,
           manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, pertanian,                              transportation, warehousing and communication, trading, farming, mining and
           pertambangan dan industri lainnya.                                                                         other industries.
       **) Hanya fasilitas kredit komitmen yang belum ditarik                                                   **)   Only for committed unused loan facility

                                                                            31 Desember/December 31, 2023

                                   Pemerintah
                                    (termasuk
                                       Bank                                   Lembaga
                                   Indonesia)/                                keuangan
                                   Government                                bukan bank/         Perusahaan
                                    (including                                Non-bank             lainnya/
                                       Bank                Bank/               financial            Other       Perseorangan/
                                    Indonesia)             Banks             institutions        companies*)     Individuals                Total

      Fasilitas kredit
          yang belum ditarik **)                  -                    -                   140        120.686               6.257             127.083              Unused loan facilities**)
      Garansi yang diterbitkan                    -                    -                     -      2.576.727               2.448           2.579.175                 Guarantees issued
      Irrevocable L/C                                                                                                                                                        Outstanding
          yang masih berjalan                     -                    -                     -         20.106                     -             20.106                irrevocable L/Cs

      Total                                       -                    -                   140      2.717.519               8.705           2.726.364                                  Total


       *)  Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                                 *)    Includes other companies under real estate, construction, manufacturing,
           manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, pertanian,                              transportation, warehousing and communication, trading, farming, mining and
           pertambangan dan industri lainnya.                                                                         other industries.
       **) Hanya fasilitas kredit komitmen yang belum ditarik                                                   **)   Only for committed unused loan facility




                                                                                           260
Page 712
                                                                                                        The original financial statements included herein are in the
                                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                           unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                    45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                              Credit Risk (continued)
   (ii) Konsentrasi risiko aset keuangan dengan                                                          (ii) Concentration of risks of financial assets with
        eksposur risiko kredit (lanjutan)                                                                     credit risk exposure (continued)
        b)     Sektor industri (lanjutan)                                                                       b)      Industry sectors (continued)
               Eksposur risiko kredit yang terkait dengan                                                               Credit    risk    exposure relating to
               unsur rekening administratif adalah                                                                      administrative account items as of
               sebagai berikut pada tanggal-tanggal                                                                     December 31, 2024, 2023 and 2022, are
               31 Desember 2024, 2023 dan 2022:                                                                         as follows: (continued)
               (lanjutan)

                                                                            31 Desember/December 31, 2022

                                   Pemerintah
                                    (termasuk
                                       Bank                                   Lembaga
                                   Indonesia)/                                keuangan
                                   Government                                bukan bank/         Perusahaan
                                    (including                                Non-bank             lainnya/
                                       Bank                Bank/               financial            Other       Perseorangan/
                                    Indonesia)             Banks             institutions        companies*)     Individuals                Total

      Fasilitas kredit
          yang belum ditarik **)                  -                    -                    -          77.942               2.186              80.128              Unused loan facilities**)
      Garansi yang diterbitkan                    -                    -                    -         946.635               1.860             948.495                 Guarantees issued
      Irrevocable L/C                                                                                                                                                        Outstanding
          yang masih berjalan                     -                    -                    -         221.484                     -           221.484                  irrevocable L/Cs

      Total                                       -                    -                    -       1.246.061               4.046           1.250.107                                  Total


       *)  Termasuk perusahaan yang bergerak di industri perumahan, konstruksi,                                 *)    Includes other companies under real estate, construction, manufacturing,
           manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, pertanian,                              transportation, warehousing and communication, trading, farming, mining and
           pertambangan dan industri lainnya.                                                                         other industries.
       **) Hanya fasilitas kredit komitmen yang belum ditarik                                                   **)   Only for committed unused loan facility




                                                                                           261
Page 713
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                   unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                         45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                   Credit Risk (continued)
   (iii) Informasi mengenai aset keuangan yang                                 (iii) Information about impaired and not impaired
         mengalami dan tidak mengalami penurunan                                     financial assets
         nilai
       1.       Giro pada Bank Lain                                                1.       Current Accounts with Other Banks
                                                   31 Desember/December 31, 2024
                                      Tidak mengalami       Mengalami
                                      penurunan nilai/    penurunan nilai/
                                        Not Impaired         Impaired*)                  Total
         Rupiah                                130.372                    -                   130.372                                     Rupiah
         Mata Uang Asing                     5.819.625                1.749                 5.821.374                          Foreign currencies
         Total                               5.949.997                1.749                 5.951.746                                      Total

         Cadangan kerugian
            penurunan nilai                                                                      (2.571)          Allowance for impairment losses

         Neto                                                                               5.949.175                                        Net

       *) Kolektibilitas 3, 4 dan 5                                                *) Collectibility 3, 4 and 5


                                                   31 Desember/December 31, 2023
                                      Tidak mengalami       Mengalami
                                      penurunan nilai/    penurunan nilai/
                                        Not Impaired         Impaired*)                  Total
         Rupiah                                234.046                    -                   234.046                                     Rupiah
         Mata Uang Asing                     1.967.574                1.778                 1.969.352                          Foreign currencies
         Total                               2.201.620                1.778                 2.203.398                                      Total

         Cadangan kerugian
            penurunan nilai                                                                      (1.804)          Allowance for impairment losses
         Neto                                                                               2.201.594                                        Net

       *) Kolektibilitas 3, 4 dan 5                                                *) Collectibility 3, 4 and 5

                                                   31 Desember/December 31, 2022
                                      Tidak mengalami       Mengalami
                                      penurunan nilai/    penurunan nilai/
                                        Not Impaired         Impaired*)                  Total
         Rupiah                                540.052                    -                      540.052                                  Rupiah
         Mata Uang Asing                       930.474                1.731                      932.205                       Foreign currencies
         Total                               1.470.526                1.731                 1.472.257                                      Total

         Cadangan kerugian
            penurunan nilai                                                                      (1.747)          Allowance for impairment losses
         Neto                                                                               1.470.510                                        Net

       *) Kolektibilitas 3, 4 dan 5                                                *) Collectibility 3, 4 and 5



      2.      Penempatan pada Bank Indonesia dan bank                               2.      Placements with Bank Indonesia and other
              lain.                                                                         banks.
               Per 31 Desember 2024, 2023 dan 2022, aset                                    As of December 31, 2024, 2023 and 2022,
               keuangan ini tidak mengalami penurunan nilai                                 these financial assets are not impaired
               secara individual maupun kolektif.                                           individually as well as collectively.




                                                                262
Page 714
                                                                                    The original financial statements included herein are in the
                                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                             45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                         Credit Risk (continued)

   (iii) Informasi mengenai aset keuangan yang                                      (iii) Information about impaired and not impaired
         mengalami dan tidak mengalami penurunan                                          financial assets (continued)
         nilai (lanjutan)

       3.       Efek-efek                                                                3.       Securities
                                                       31 Desember/December 31, 2024
                                        Tidak mengalami        Mengalami
                                        penurunan nilai/     penurunan nilai/
                                          Not Impaired          Impaired*)                    Total
                  Reksadana                    1.527.031                        -                 1.527.031                             Mutual Funds
                  Obligasi                       337.876                        -                   337.876                                    Bonds
                  Medium Term Notes              150.000                        -                   150.000                       Medium Term Notes
                  Efek Beragunan Aset            458.876                        -                   458.876                    Asset-Backed Securities
                  SKBDN                          391.713                        -                   391.713                                   SKBDN
                  SRBI                        10.092.016                        -                10.092.016                                     SRBI
                  SVBI                         8.807.973                        -                 8.807.973                                     SVBI
                  Sukuk                        3.597.925                        -                 3.597.925                                    Sukuk

                  Total                       25.363.410                        -                25.363.410                                      Total

                  Cadangan kerugian
                    penurunan nilai                                                                        (787)        Allowance for impairment losses

                  Neto                                                                           25.362.623                                        Net
       *) Kolektibilitas 3, 4 dan 5                                                      *) Collectibility 3, 4 and 5

                                                       31 Desember/December 31, 2023
                                        Tidak mengalami        Mengalami
                                        penurunan nilai/     penurunan nilai/
                                          Not Impaired          Impaired*)                    Total
                  Reksadana                    1.372.968                        -                 1.372.968                             Mutual Funds
                  Obligasi                     2.046.215                        -                 2.046.215                                    Bonds
                  Medium Term Notes              200.000                        -                   200.000                       Medium Term Notes
                  Efek Beragunan Aset            540.443                        -                   540.443                    Asset-Backed Securities
                  SKBDN                          644.677                        -                   644.677                                   SKBDN
                  SRBI                           194.060                        -                   194.060                                     SRBI
                  SVBI                           307.510                        -                   307.510                                     SVBI

                  Total                        5.305.873                        -                 5.305.873                                      Total

                  Cadangan kerugian
                    penurunan nilai                                                                   (22.903)          Allowance for impairment losses

                  Neto                                                                            5.282.970                                        Net

       *) Kolektibilitas 3, 4 dan 5                                                      *) Collectibility 3, 4 and 5

                                                       31 Desember/December 31, 2022
                                        Tidak mengalami        Mengalami
                                        penurunan nilai/     penurunan nilai/
                                          Not Impaired          Impaired*)                    Total
                  Reksadana                      401.416                      -                       401.416                           Mutual Funds
                  Obligasi                       709.711                  2.000                       711.711                                  Bonds
                  Medium Term Notes              103.085                      -                       103.085                     Medium Term Notes
                  Efek Beragunan Aset            492.415                      -                       492.415                  Asset-Backed Securities
                  SKBDN                           14.541                      -                        14.541                                 SKBDN

                  Total                        1.721.168                  2.000                   1.723.168                                      Total

                  Cadangan kerugian
                    penurunan nilai                                                                     (2.399)         Allowance for impairment losses

                  Neto                                                                            1.720.769                                        Net


       *) Kolektibilitas 3, 4 dan 5                                                      *) Collectibility 3, 4 and 5




                                                                   263
Page 715
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                               45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                      Credit Risk (continued)

   (iii) Informasi mengenai aset keuangan yang                   (iii) Information about impaired and not impaired
         mengalami dan tidak mengalami penurunan                       financial assets (continued)
         nilai (lanjutan)

       4.   Rekening administratif                                     4.   Administrative account

            Per 31 Desember 2024, 2023 dan 2022,                            As of December 31, 2024, 2023 and 2022,
            rekening    administratif   mengalami                           administrative account which are impaired
            penurunan nilai masing-masing sebesar                           amounting to Rp3,385, Rp3,580 and
            Rp3.385, Rp3.580 dan Rp4.719.                                   Rp4,719, respectively.

       5. Efek-efek yang dibeli dengan janji dijual                   5.    Securities Purchased Under Agreement to
          kembali                                                           Resell

            Per 31 Desember 2024, 2023 dan 2022,                            As of December 31, 2024, 2023 and 2022,
            efek-efek yang dibeli dengan janji dijual                       securities purchased under agreement to
            kembali tidak mengalami penurunan nilai.                        resell are not impaired.

       6.   Tagihan Akseptasi                                         6.    Acceptance Receivable

            Per 31 Desember 2024, 2023 dan 2022,                            As of December 31, 2024, 2023 and 2022,
            tagihan akseptasi tidak mengalami                               acceptance receivable are not impaired.
            penurunan nilai.

       7.   Kredit yang diberikan dan pembiayaan/                     7.    Loans and sharia financing/receivables
            piutang syariah

            Per 31 Desember 2024, 2023 dan 2022,                            As of December 31, 2024, 2023 and 2022,
            aset keuangan ini mengalami penurunan                           these financial assets are impaired
            nilai secara individual maupun kolektif                         calculated by individual and collective
            sesuai ketentuan dalam PSAK No. 109 dan                         impairment according to SFAS No. 109
            Peraturan Otoritas Jasa Keuangan                                and     Financial   Service    Authority
            (POJK).                                                         Regulations (POJK).




                                                        264
Page 716
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                        45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                 Credit Risk (continued)
   (iv) Tabel di bawah menunjukkan kualitas aset                                                (iv) The tables below shows the quality of financial
        keuangan berdasarkan golongan aset untuk                                                     assets by class of assets for all financial assets
        semua aset keuangan yang mempunyai risiko                                                    with credit risk (gross of allowance for impairment
        kredit (diluar cadangan kerugian penurunan nilai                                             losses):
        bruto):
                                                                     31 Desember/December 31, 2024

                                                   Belum jatuh tempo dan          Jatuh tempo
                                                tidak mengalami penurunan          dan tidak
                                                   nilai/neither past due          mengalami
                                                         nor impaired              penurunan
                                                                                      nilai/        Mengalami
                                                                    Tingkat         Past due        penurunan
                                               Tingkat tinggi/      standar/         but not          nilai/
                                                High Grade**)    Standard grade**) Impaired         Impaired***)         Total

         Efek-efek                                                                                                                                          Securities
           Diukur pada nilai wajar                                                                                                                Fair value through
              melalui laporan laba rugi            19.358.865                 -                 -                  -    19.358.865                  profit -or-loss
                                                                                                                                         Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                    value through other
             penghasilan komprehensif lain          1.964.907                 -                 -                  -     1.964.907        comprehensive income
           Diukur pada biaya perolehan
             amortisasi                             4.038.851                 -                 -            787         4.039.638                   Amortized cost

         Obligasi pemerintah                                                                                                                     Government bonds
           Diukur pada nilai wajar                                                                                                                Fair value through
              melalui laba rugi                     3.265.550                 -                 -                  -     3.265.550                  profit -or-loss
                                                                                                                                         Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                    value through other
             penghasilan komprehensif lain         14.109.049                 -                 -                  -    14.109.049        comprehensive income
           Diukur pada biaya perolehan
            amortisasi                             18.100.930                 -                 -                  -    18.100.930                   Amortized cost
         Lain-lain                                                                                                                                            Others
                                                                                                                                           Current accounts with
           Giro pada bank Indonesia                22.739.920                 -                 -                  -    22.739.920            Bank Indonesia
                                                                                                                                                Current accounts
           Giro pada bank lain                      5.949.997                 -                 -          1.749         5.951.746           with other banks
           Penempatan pada                                                                                                                      Placements with
             Bank Indonesia                         4.661.104                 -                 -                  -     4.661.104            Bank Indonesia
             dan bank lain                                                                                                                   and other banks
           Tagihan Akseptasi                          941.898                 -                 -                  -       941.898        Acceptance Receivable
           Tagihan Derivatif                          102.843                 -                 -                  -       102.843         Derivative Receivable
           Kredit yang diberikan
             dan piutang/                                                                                                                        Loans and sharia
             pembiayaan syariah                                                                                                          financing/ receivables
                 Konsumer                                                                                                                          Consumer
                     Pemilikan rumah               96.081.803       155.611.500     21.762.388         6.475.325       279.931.016           Housing loan
                     Non kepemilikan
                         rumah                      1.365.214        11.964.101        720.988           473.910        14.524.213     Non-housing loan
                Modal kerja                         2.584.151        23.334.976        392.359        10.416.394        36.727.880           Working capital
                 Investasi                          2.295.722         9.663.097         28.177         5.206.386        17.193.382               Investment
                 Sindikasi                          2.034.573         5.751.155              -                           7.785.728               Syndicated
                 Direksi dan karyawan                                                                                              Directors and employees
                       - Pihak ketiga                 951.300          771.457           5.497            10.954         1.739.208         Third parties -
                       - Pihak yang berelasi           42.233           29.272               -                 -            71.505      Related parties -
           Bunga yang masih
             akan diterima                         11.518.574                 -                 -                  -    11.518.574            Interests receivable
           Aset lain-lain*)                         1.781.884                 -                 -                  -     1.781.884                  Other assets*)

         Total                                    213.889.368       207.125.558     22.909.409        22.585.505       466.509.840                               Total

         Cadangan kerugian                                                                                                                              Allowance for
           nilai                                                                                                       (13.062.532)               impairment losses

         Neto                                                                                                          453.447.308                                   Net



           *) Terdiri atas tagihan kepada pihak ketiga                                                *) Consists of third party receivables
           **) Tidak diaudit                                                                          **) Unaudited
           ***) Terdiri dari kolektibilitas 3, 4 dan 5 dan kredit yang                               ***) Consist of collectibility 3, 4, and 5 and credit with
                cadangan kerugian penurunan nilainya dinilai                                               allowance for impairment losses individually assessed,
                secara individual, termasuk piutang/pembiayaan                                             including sharia financing/receivables with day past
                syariah dengan hari tunggakan diatas 270 hari                                              due 270 days




                                                                             265
Page 717
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                        45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                 Credit Risk (continued)
   (iv) Tabel di bawah menunjukkan kualitas aset                                                (iv) The tables below shows the quality of financial
        keuangan berdasarkan golongan aset untuk                                                     assets by class of assets for all financial assets
        semua aset keuangan yang mempunyai risiko                                                    with credit risk (gross of allowance for impairment
        kredit (diluar cadangan kerugian penurunan nilai                                             losses): (continued)
        bruto): (lanjutan)
                                                                     31 Desember/December 31, 2023

                                                   Belum jatuh tempo dan          Jatuh tempo
                                                tidak mengalami penurunan          dan tidak
                                                   nilai/neither past due          mengalami
                                                         nor impaired              penurunan
                                                                                      nilai/        Mengalami
                                                                    Tingkat         Past due        penurunan
                                               Tingkat tinggi/      standar/         but not          nilai/
                                                High Grade**)    Standard grade**) Impaired         Impaired***)         Total

         Efek-efek                                                                                                                                          Securities
           Diukur pada nilai wajar                                                                                                                Fair value through
              melalui laporan laba rugi             1.042.013                 -                 -                  -     1.042.013                  profit -or-loss
                                                                                                                                         Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                    value through other
             penghasilan komprehensif lain          1.928.336                 -                 -                  -     1.928.336        comprehensive income
           Diukur pada biaya perolehan
             amortisasi                             2.335.524                 -                 -                  -     2.335.524                   Amortized cost

         Obligasi pemerintah                                                                                                                     Government bonds
           Diukur pada nilai wajar                                                                                                                Fair value through
              melalui laba rugi                     3.796.440                 -                 -                  -     3.796.440                  profit -or-loss
                                                                                                                                         Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                    value through other
             penghasilan komprehensif lain         12.511.991                 -                 -                  -    12.511.991        comprehensive income
           Diukur pada biaya perolehan
            amortisasi                             19.585.498                 -                 -                  -    19.585.498                   Amortized cost
         Lain-lain                                                                                                                                            Others
                                                                                                                                           Current accounts with
           Giro pada bank Indonesia                18.145.761                 -                 -                  -    18.145.761            Bank Indonesia
                                                                                                                                                Current accounts
           Giro pada bank lain                      2.201.620                 -                 -          1.778         2.203.398           with other banks
           Penempatan pada                                                                                                                      Placements with
             Bank Indonesia                                                                                                                   Bank Indonesia
             dan bank lain                         30.561.122                 -                 -                  -    30.561.122           and other banks
           Tagihan Akseptasi                          544.567                 -                 -                  -       544.567        Acceptance Receivable
           Tagihan Derivatif                           32.176                 -                 -                  -        32.176         Derivative Receivable
           Kredit yang diberikan
             dan piutang/                                                                                                                        Loans and sharia
             pembiayaan syariah                                                                                                          financing/ receivables
                 Konsumer                                                                                                                          Consumer
                     Pemilikan rumah              101.324.869       135.794.934     16.884.060         4.067.018       258.070.881           Housing loan
                     Non kepemilikan
                         rumah                      1.808.716        10.021.561        805.808           370.496        13.006.581     Non-housing loan
                Modal kerja                         3.213.787        22.252.701        711.771        11.781.870        37.960.129           Working capital
                 Investasi                            123.007         9.606.196         44.474         5.758.330        15.532.007               Investment
                 Sindikasi                             46.911         7.103.450              -                 -         7.150.361               Syndicated
                 Direksi dan karyawan                                                                                              Directors and employees
                       - Pihak ketiga               1.131.978          729.456           7.472            24.726         1.893.632         Third parties -
                       - Pihak yang berelasi           53.307           31.243               -                 -            84.550      Related parties -
           Bunga yang masih
             akan diterima                         11.526.687                 -                 -                  -    11.526.687            Interests receivable
           Aset lain-lain*)                         1.873.496                 -                 -                  -     1.873.496                  Other assets*)

         Total                                    213.787.806       185.539.541     18.453.585        22.004.218       439.785.150                               Total

         Cadangan kerugian                                                                                                                              Allowance for
           nilai                                                                                                       (15.640.547)               impairment losses

         Neto                                                                                                          424.144.603                                   Net


           *) Terdiri atas tagihan kepada pihak ketiga                                                *) Consists of third party receivables
           **) Tidak diaudit                                                                          **) Unaudited
           ***) Terdiri dari kolektibilitas 3, 4 dan 5 dan kredit yang                               ***) Consist of collectibility 3, 4, and 5 and credit with
                cadangan kerugian penurunan nilainya dinilai                                               allowance for impairment losses individually assessed,
                secara individual, termasuk piutang/pembiayaan                                             including sharia financing/receivables with day past
                syariah dengan hari tunggakan diatas 270 hari                                              due 270 days




                                                                             266
Page 718
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                        45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                                                 Credit Risk (continued)
   (iv) Tabel di bawah menunjukkan kualitas aset                                                (iv) The tables below shows the quality of financial
        keuangan berdasarkan golongan aset untuk                                                     assets by class of assets for all financial assets
        semua aset keuangan yang mempunyai risiko                                                    with credit risk (gross of allowance for impairment
        kredit (diluar cadangan kerugian penurunan nilai                                             losses) (continued):
        bruto) (lanjutan):

                                                                     31 Desember/December 31, 2022

                                                   Belum jatuh tempo dan          Jatuh tempo
                                                tidak mengalami penurunan          dan tidak
                                                   nilai/neither past due          mengalami
                                                         nor impaired              penurunan
                                                                                      nilai/        Mengalami
                                                                    Tingkat         Past due        penurunan
                                               Tingkat tinggi/      standar/         but not          nilai/
                                                High Grade**)    Standard grade**) Impaired         Impaired***)          Total

         Efek-efek                                                                                                                                           Securities
           Diukur pada nilai wajar                                                                                                                 Fair value through
              melalui laporan laba rugi              793.831                  -                 -                  -        793.831                  profit -or-loss
                                                                                                                                          Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                     value through other
             penghasilan komprehensif lain            655.293                 -                 -                  -        655.293        comprehensive income
           Diukur pada biaya perolehan
             amortisasi                               272.044                 -                 -          2.000            274.044                   Amortized cost

         Obligasi pemerintah                                                                                                                      Government bonds
           Diukur pada nilai wajar                                                                                                                 Fair value through
              melalui laba rugi                    19.591.199                 -                 -                  -     19.591.199                  profit -or-loss
                                                                                                                                          Financial assets held at fair
           Diukur pada nilai wajar melalui                                                                                                     value through other
             penghasilan komprehensif lain         14.332.949                 -                 -                  -     14.332.949        comprehensive income
           Diukur pada biaya perolehan
            amortisasi                             18.040.825                 -                 -                  -     18.040.825                   Amortized cost
         Lain-lain                                                                                                                                               Others
                                                                                                                                            Current accounts with
           Giro pada bank Indonesia                25.416.941                 -                 -                  -     25.416.941            Bank Indonesia
                                                                                                                                                 Current accounts
           Giro pada bank lain                      1.470.526                 -                 -          1.731          1.472.257           with other banks
           Penempatan pada                                                                                                                       Placements with
             Bank Indonesia                                                                                                                    Bank Indonesia
             dan bank lain                         12.975.955                 -                 -                  -     12.975.955           and other banks
           Tagihan Akseptasi                          420.562                 -                 -                  -        420.562        Acceptance Receivable
           Efek-efek yang Dibeli                                                                                                             Securities purchased
             dengan janji                                                                                                                     under agreement
             dijual kembali                         1.434.190                 -                 -                  -      1.434.190                     to resell
           Tagihan Derivatif                          103.939                 -                 -                  -        103.939         Derivative Receivable
           Kredit yang diberikan
             dan piutang/                                                                                                                         Loans and sharia
             pembiayaan syariah                                                                                                           financing/ receivables
                 Konsumer                                                                                                                           Consumer
                     Pemilikan rumah              106.290.471       109.503.902     15.481.718         2.610.963        233.887.054           Housing loan
                     Non kepemilikan
                         rumah                      2.560.043         8.260.912        650.143           218.560         11.689.658     Non-housing loan
                Modal kerja                         5.987.718        17.130.097      1.162.221        10.175.647         34.455.683           Working capital
                 Investasi                          3.397.768         2.863.506        155.160         5.227.188         11.643.622               Investment
                 Sindikasi                          2.055.846         2.448.398              -                 -          4.504.244               Syndicated
                 Direksi dan karyawan                                                                                               Directors and employees
                       - Pihak ketiga               1.331.455          653.854          10.891            11.880          2.008.080         Third parties -
                       - Pihak yang berelasi           72.047           20.553             655               108             93.363      Related parties -
           Bunga yang masih
             akan diterima                         10.750.302                 -                 -                  -     10.750.302            Interests receivable
           Aset lain-lain*)                         1.040.048                 -                 -                   -     1.040.048                  Other assets*)

         Total                                    228.993.952       140.881.222     17.460.788        18.248.077        405.584.039                               Total

         Cadangan kerugian                                                                                                                               Allowance for
           nilai                                                                                                        (15.674.205)               impairment losses

         Neto                                                                                                           389.909.834                                   Net


           *) Terdiri atas tagihan kepada pihak ketiga                                                *) Consists of third party receivables
           **) Tidak diaudit                                                                          **) Unaudited
           ***) Terdiri dari kolektibilitas 3, 4 dan 5 dan kredit yang                               ***) Consist of collectibility 3, 4, and 5 and credit with
                cadangan kerugian penurunan nilainya dinilai                                               allowance for impairment losses individually assessed,
                secara individual, termasuk piutang/pembiayaan                                             including sharia financing/receivables with day past
                syariah dengan hari tunggakan diatas 270 hari                                              due 270 days




                                                                             267
Page 719
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                45. RISK MANAGEMENT (continued)

   Risiko Kredit (lanjutan)                                       Credit Risk (continued)

   (iv) Tabel di bawah menunjukkan kualitas aset                  (iv) The tables below shows the quality of financial
        keuangan berdasarkan golongan aset untuk                       assets by class of assets for all financial assets
        semua aset keuangan yang mempunyai risiko                      with credit risk (gross of allowance for
        kredit (cadangan kerugian penurunan nilai                      impairment losses) (continued):
        bruto) (lanjutan):
       Kualitas kredit didefinisikan sebagai berikut:                    The credit quality is defined as follows:

       Tingkat tinggi                                                    High grade

       (a)   Giro pada Bank Indonesia, giro pada bank                    (a) Current accounts with Bank Indonesia,
             lain, penempatan pada Bank Indonesia                            current accounts with other banks,
             dan bank lain yaitu giro atau penempatan                        placements with Bank Indonesia and other
             pada institusi Pemerintah, transaksi                            banks are current accounts or placements
             dengan bank yang memiliki reputasi baik                         with government institution, transaction
             dengan tingkat kemungkinan gagal bayar                          with reputable banks with low probability of
             atas kewajiban yang rendah.                                     default for its liabilities.

       (b)   Kredit yang diberikan dan piutang/                         (b) Loans and sharia financing/receivables,
             pembiayaan syariah, bunga yang masih                           interests receivables and third party
             akan diterima, dan tagihan kepada pihak                        receivables     are   receivables   from
             ketiga yaitu debitur dengan riwayat                            borrowers with very satisfactory track
             pembayaran yang sangat baik dan tidak                          record of loan repayment and whose
             pernah menunggak sepanjang jangka                              accounts did not turn past due during the
             waktu kredit.                                                  term of the loan.

       (c)   Efek-efek dan obligasi pemerintah yaitu                   (c)    Securities and government bonds are
             efek-efek   yang     dikeluarkan  oleh                           Sovereign     securities    issued    by
             Pemerintah RI, efek-efek dan obligasi                            government of RI, investment grade
             yang termasuk dalam investment grade                             securities and bonds with a rating of at
             dengan rating minimal BBB- (Pefindo)                             least BBB- (Pefindo) or Baa3 (Moody’s).
             atau Baa3 (Moody’s).

       Tingkat standar                                                  Standard grade

       (a) Giro pada Bank Indonesia, giro pada bank                    (a)    Current accounts with Bank Indonesia,
           lain, penempatan pada Bank Indonesia                               current accounts with other banks,
           dan bank lain yaitu giro atau penempatan                           placements with Bank Indonesia and other
           pada bank lokal yang tidak terdaftar di                            banks are current accounts or placements
           bursa.                                                             with the local banks not listed in the stock
                                                                              exchange.

       (b) Kredit yang diberikan dan piutang/                          (b)    Loans and sharia financing/receivables,
           pembiayaan syariah, bunga yang masih                               interests receivables and third party
           akan diterima, dan tagihan kepada pihak                            receivables    are    receivables     from
           ketiga yaitu debitur dengan riwayat                                borrowers who have an average track
           pembayaran yang baik dan tidak pernah                              record of loan repayment and whose
           menunggak 90 hari atau lebih.                                      account did not turn past due for 90 days.

       (c) Efek-efek dan obligasi Pemerintah yaitu                     (c) Securities and Government bonds with a
           efek-efek dan obligasi dengan rating antara                     rating between idBB+ to idB (Pefindo) or
           idBB+ sampai dengan idB (Pefindo) atau                          Ba1 to B2 (Moody’s).
           Ba1 sampai dengan B2 (Moody’s).




                                                         268
Page 720
                                                                                 The original financial statements included herein are in the
                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                            45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                       Credit Risk (continued)
   (v) Analisis umur pinjaman yang jatuh tempo tetapi                             (v) The aging analysis of past due but not impaired
       tidak mengalami penurunan nilai pada tanggal                                   loans as of December 31, 2024, 2023 and
       31 Desember 2024, 2023 dan 2022, sebagai                                       2022, follows:
       berikut:
                                                         31 Desember/December 31, 2024
                                                                                                   _

                               1 sampai        91 sampai       121 sampai          180 sampai
                                90 hari/        120 hari/        180 hari/          270 hari/
                             1 to 90 days    91 to 120 days   121 to 180 days    180 to 270 days       Total

  Konsumer                                                                                                                             Consumer
     Pemilikan rumah            18.743.567          519.457         1.262.031         1.237.333         21.762.388               Housing Loan
     Non kepemilikan rumah         718.859              886             1.243                 -            720.988           Non housing loan
  Modal kerja                      392.359                -                 -                 -            392.359                Working capital
  Investasi                         28.177                -                 -                 -             28.177                    Investment
  Direktur dan karyawan              5.497                -                 -                 -              5.497      Directors and employees

  Total                         19.888.459          520.343         1.263.274         1.237.333         22.909.409                         Total

  Cadangan kerugian                                                                                                               Allowance for
    nilai                                                                                               (2.059.095)         impairment losses

  Neto                                                                                                  20.850.314                           Net


                                                         31 Desember/December 31, 2023
                                                                                                   _

                               1 sampai        91 sampai       121 sampai          180 sampai
                                90 hari/        120 hari/        180 hari/          270 hari/
                             1 to 90 days    91 to 120 days   121 to 180 days    180 to 270 days       Total

  Konsumer                                                                                                                             Consumer
     Pemilikan rumah            14.498.880          469.405         1.030.681           885.094         16.884.060               Housing Loan
     Non kepemilikan rumah         803.340            1.013             1.455                 -            805.808           Non housing loan
  Modal kerja                      711.771                -                 -                 -            711.771                Working capital
  Investasi                         44.474                -                 -                 -             44.474                    Investment
  Direktur dan karyawan              7.472                -                 -                 -              7.472      Directors and employees

  Total                         16.065.937          470.418         1.032.136           885.094         18.453.585                         Total

  Cadangan kerugian                                                                                                               Allowance for
    nilai                                                                                               (2.018.432)         impairment losses

  Neto                                                                                                  16.435.153                           Net

                                                         31 Desember/December 31, 2022
                                                                                                   _

                               1 sampai        91 sampai       121 sampai          180 sampai
                                90 hari/        120 hari/        180 hari/          270 hari/
                             1 to 90 days    91 to 120 days   121 to 180 days    180 to 270 days       Total

  Konsumer                                                                                                                             Consumer
     Pemilikan rumah            13.190.989          384.038         1.021.398           885.293         15.481.718               Housing Loan
     Non kepemilikan rumah         613.666              638            14.288            21.551            650.143           Non housing loan
  Modal kerja                      719.359                -            12.786           430.076          1.162.221                Working capital
  Investasi                         81.655                -             1.191            72.314            155.160                    Investment
  Direktur dan karyawan              9.513                -               851             1.182             11.546      Directors and employees

  Total                         14.615.182          384.676         1.050.514         1.410.416         17.460.788                         Total

  Cadangan kerugian                                                                                                               Allowance for
    nilai                                                                                               (1.918.975)         impairment losses

  Neto                                                                                                  15.541.813                           Net




                                                                  269
Page 721
                                                                                                  The original financial statements included herein are in the
                                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                       Credit Risk (continued)

   (vi)     Mutasi cadangan berdasarkan jenis kredit                                              (vi) Movements in allowance for imparment losses
            yang diberikan adalah sebagai berikut:                                                     by type of loans are as follows:
                                                                       31 Desember/December 31, 2024

                                             Konsumsi/Konsumer
                                 Pemilikan       Non-kepemilikan    Modal                                          Direksi dan
                                  Rumah/            Rumah/          Kerja/                                         Karyawan/
                                 Housing          Non-Housing      Working        Investasi/     Sindikasi/       Directors and
                                   Loan              Loan          Capital       Investment     Syndicated          Employee       Total


  Saldo Awal                        6.910.527         280.331       6.767.137       1.575.398          22.373             36.198   15.591.964                Beginning balance
  Penyisihan kerugian                                                                                                                                                 Provision for
      penurunan nilai                                                                                                                                      impairment losses
      selama tahun berjalan         2.234.326         224.249      (1.140.566)      (528.988)          45.643             12.853      847.517                 during the year
  Penerimaan kembali kredit
   yang telah dihapus-bukukan          29.353            2.313          46.002          4.801                 -                -        82.469        Recovery of loans written-off
  Penghapusbukuan kredit          (1.772.530)        (195.814)     (1.328.762)      (140.590)                 -         (27.067)   (3.464.763)                   Loans written-off

  Saldo akhir tahun                 7.401.676         311.079       4.343.811        910.621           68.016             21.984   13.057.187         Balance at the end of year


  Penurunan nilai individual           47.476           2.657       2.911.270        647.044                -             10.254    3.618.701                Individual impairment
  Penurunan nilai kolektif          7.354.200         308.422       1.432.541        263.577           68.016             11.730    9.438.486                Collective impairment

  Jumlah kotor kredit yang
   secara individu ditentukan
   sebagai mengalami penurunan                                                                                                                               Gross amount of loans
   nilai sebelum dikurangi                                                                                                                           individually determined to
   kerugian penurunan nilai                                                                                                                      be impaired. before deducting
   atas penilaian secara                                                                                                                             any individually assessed
   individual                         50.090            2.688       8.492.193       4.910.647                 -            8.924   13.464.542                impairment losses




                                                                       31 Desember/December 31, 2023

                                             Konsumsi/Konsumer
                                 Pemilikan       Non-kepemilikan    Modal                                          Direksi dan
                                  Rumah/            Rumah/          Kerja/                                         Karyawan/
                                 Housing          Non-Housing      Working        Investasi/     Sindikasi/       Directors and
                                   Loan              Loan          Capital       Investment     Syndicated          Employee       Total


  Saldo Awal                        6.364.735         264.372       7.490.645       1.526.614          15.493             13.064   15.674.923                Beginning balance
  Penyisihan kerugian                                                                                                                                                 Provision for
      penurunan nilai                                                                                                                                      impairment losses
      selama tahun berjalan         1.917.338         182.897         643.587        125.307            6.880             31.835    2.907.844                 during the year
  Penerimaan kembali kredit
   yang telah dihapus-bukukan          17.442            3.867          44.098         11.658                 -                -        77.065        Recovery of loans written-off
  Penghapusbukuan kredit          (1.388.988)        (170.805)     (1.411.193)       (88.181)                 -          (8.701)   (3.067.868)                   Loans written-off

   Saldo akhir tahun                6.910.527         280.331       6.767.137       1.575.398          22.373             36.198   15.591.964         Balance at the end of year


  Penurunan nilai individual          597.521          31.471       5.134.111       1.390.288               -              4.182    7.157.573                Individual impairment
  Penurunan nilai kolektif          6.313.006         248.860       1.633.026         185.110          22.373             32.016    8.434.391                Collective impairment

  Jumlah kotor kredit yang
   secara individu ditentukan
   sebagai mengalami penurunan                                                                                                                               Gross amount of loans
   nilai sebelum dikurangi                                                                                                                           individually determined to
   kerugian penurunan nilai                                                                                                                      be impaired. before deducting
   atas penilaian secara                                                                                                                             any individually assessed
   individual                        621.615           33.934       9.696.781       5.455.467                 -            3.815   15.811.612                impairment losses




                                                                                 270
Page 722
                                                                                                 The original financial statements included herein are in the
                                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                     unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                               45. RISK MANAGEMENT (continued)
   Risiko Kredit (lanjutan)                                                                      Credit Risk (continued)

   (vi)     Mutasi cadangan berdasarkan jenis kredit                                             (vi) Movements in allowance for imparment losses
            yang diberikan adalah sebagai berikut:                                                    by type of loans are as follows: (continued)
            (lanjutan)
                                                                      31 Desember/December 31, 2022
                                                                                                                         _
                                         Konsumsi/Konsumer

                                 Pemilikan      Non-kepemilikan    Modal                                          Direksi dan
                                  Rumah/           Rumah/          Kerja/                                         Karyawan/
                                 Housing         Non-Housing      Working        Investasi/     Sindikasi/       Directors and
                                   Loan             Loan          Capital       Investment     Syndicated          Employee          Total



  Saldo Awal                        4.296.939        309.075       8.485.819       1.302.032           7.618             34.277      14.435.760                Beginning balance
  Penyisihan kerugian                                                                                                                                                 Provision for
   penurunan nilai                                                                                                                                            impairment losses
   selama tahun berjalan            3.420.001         69.993          38.379        495.348            7.875                 7.911    4.039.507                  during the year
  Penerimaan kembali kredit
   yang telah dihapus-bukukan          11.764           3.838          49.698          6.416                 -                -           71.716       Recovery of loans written-off
  Penghapusbukuan kredit          (1.363.969)       (118.534)     (1.083.251)      (277.182)                 -         (29.124)      (2.872.060)                  Loans written-off

  Saldo akhir tahun                 6.364.735        264.372       7.490.645       1.526.614          15.493             13.064      15.674.923        Balance at the end of year

  Penurunan nilai individual          889.594         86.221       4.902.353       1.331.382               -              1.229       7.210.779               Individual impairment
  Penurunan nilai kolektif          5.475.141        178.151       2.588.292         195.232          15.493             11.835       8.464.144               Collective impairment

  Jumlah kotor kredit yang
   secara individu ditentukan
   sebagai mengalami penurunan                                                                                                                               Gross amount of loans
   nilai sebelum dikurangi                                                                                                                             individually determined to
   kerugian penurunan nilai                                                                                                                        be impaired. before deducting
   atas penilaian secara                                                                                                                               any individually assessed
   individual                        893.068          85.794       8.057.392       5.078.192                 -               1.108   14.115.554                impairment losses




   Risiko Likuiditas                                                                             Liquidity Risk

   Risiko Likuiditas merupakan risiko akibat                                                     Liquidity risk is the risk arising from the inability of
   ketidakmampuan Bank untuk memenuhi kewajiban                                                  the Bank to meet the maturing obligations from cash
   yang jatuh tempo dari sumber pendanaan arus kas                                               flow funding sources and/or from high-quality liquid
   dan/atau dari aset likuid berkualitas tinggi yang                                             assets that can be pledged, without disturbing the
   dapat diagunkan, tanpa mengganggu aktivitas dan                                               activities and financial condition of the Bank. The
   kondisi    keuangan     Bank.   Ketidakmampuan                                                inability to obtain funding for cash flows resulting to
   memperoleh sumber pendanaan arus kas sehingga                                                 liquidity risk can be contributed, among others, by:
   menimbulkan Risiko Likuiditas dapat disebabkan
   antara lain oleh:

   a.      Ketidakmampuan menghasilkan arus kas yang                                              a. Inability to generate cash flows from productive
           berasal dari aset produktif maupun yang                                                   assets as well as from the sale of assets,
           berasal dari penjualan aset termasuk aset                                                 including liquid assets; and/or
           likuid; dan/atau

   b.      Ketidakmampuan menghasilkan arus kas yang                                              b. Inability to generate cash flows from funding,
           berasal dari penghimpunan dana, transaksi                                                 inter-bank transactions and fund borrowings.
           antar Bank, dan pinjaman yang diterima.




                                                                                271
Page 723
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                   45. RISK MANAGEMENT (continued)
   Risiko Likuiditas (lanjutan)                                      Liquidity Risk (continued)

   Secara umum, tujuan utama manajemen risiko                        In general, the main objective of risk management
   untuk risiko likuiditas adalah untuk meminimalkan                 for liquidity risk is to minimize the possibility of the
   kemungkinan ketidakmampuan Bank dalam                             Bank's inability to obtain source of cash flow funding.
   memperoleh sumber pendanaan arus kas. Dengan                      Thus, the Bank can meet some financial obligations
   demikian Bank dapat memenuhi setiap kewajiban                     that have been agreed upon in a timely manner, and
   finansial yang sudah diperjanjikan secara tepat                   to always be able to maintain adequate and optimal
   waktu, dan agar senantiasa dapat memelihara                       levels of liquidity. Liquidity risk management policies
   tingkat likuiditas yang memadai dan optimal.                      include the active supervision of the Board Of
   Kebijakan pengelolaan risiko likuiditas antara lain               Commisioners and Board Of Directors who basically
   mencakup pengawasan aktif Dewan Komisaris dan                     set the implementation of the Bank's liquidity risk
   Direksi, yang pada intinya mengatur penerapan                     management, policy, procedures and determination
   Manajemen Risiko likuiditas pada Bank, Kebijakan,                 of limits, which generally includes the liquidity risk
   Prosedur dan Penetapan Limit yang secara umum                     management strategy, level of risk to be taken (risk
   mencakup strategi manajemen risiko likuiditas,                    appetite) and risk tolerance, and risk management
   tingkat risiko yang akan diambil (risk appetite) dan              process, information systems and internal control
   toleransi risiko (risk tolerance) dan Sistem Informasi            systems by implementing internal controls and
   Manajemen Risiko serta Sistem Pengendalian                        adequate independent review of the risk
   Internal dengan menerapkan pengendalian internal                  management implementation for liquidity risk which
   dan kaji ulang independen yang memadai terhadap                   are being carried out by the Management and
   penerapan Manajemen Risiko untuk Risiko likuiditas                conducted by the Internal Audit Division (IAD) and
   yang dilaksanakan oleh Internal Audit Division (IAD)              Enterprise Risk Management Division (ERMD).
   dan Enterprise Risk Management Division (ERMD).

   Pengendalian risiko likuiditas melalui strategi                   Liquidity risk management is being carried out
   pendanaan, pengelolaan posisi likuiditas dan                      through funding strategy, liquidity positions and
   pemantauan risiko likuiditas harian, pengelolaan                  monitoring of daily liquidity, management of high
   aset likuid yang berkualitas tinggi, dan rencana                  quality liquid assets, planning the emergency
   pendanaan darurat serta penerapan sistem                          funding as well as implementation of a sound risk
   informasi manajemen risiko secara wajar untuk                     management information system to support the
   mendukung pelaksanaan proses identifikasi,                        process of identification, measurement, monitoring
   pengukuran, pemantauan, dan pengendalian, serta                   and control, as well as reporting of liquidity risk under
   pelaporan risiko likuiditas dalam kondisi normal dan              normal and extreme conditions in a comprehensive,
   kondisi krisis secara lengkap, akurat, terkini dan                accurate, timely and sustainable manner.
   berkesinambungan.

   Alat pengukuran yang digunakan dalam pengukuran                   The tools used in the measurement of liquidity risk
   Risiko Likuiditas antara lain adalah Rasio Likuiditas,            among others are Liquidity Ratio, Maturity Profile,
   Profil Maturitas, Proyeksi Arus Kas, dan Stress                   Cash Flow Projection, and Stress Testing (testing
   Testing (pengujian terhadap kemampuan Bank                        the Bank's ability to meet liquidity needs on a state
   untuk memenuhi kebutuhan likuiditas pada kondisi                  of crisis by using the specific stress scenarios on the
   krisis dengan menggunakan skenario stress secara                  Bank as well as on the market factor).
   spesifik pada Bank maupun skenario stress pada
   faktor pasar).




                                                            272
Page 724
                                                                                                                   The original financial statements included herein are in the
                                                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                               45. RISK MANAGEMENT (continued)

    Risiko Likuiditas (lanjutan)                                                                                    Liquidity Risk (continued)

    Tabel jatuh tempo berikut menyajikan informasi                                                                  The following maturity tables provide information
    mengenai perkiraan sisa jatuh tempo dari aset dan                                                               about the expected maturities of the Bank’s financial
    liabilitas keuangan:                                                                                            assets and liabilities:
                                                                                      31 Desember/December 31, 2024

                                                                                                                             > 6 - 12
                                                                                                          >1-6               Bulan/
                                                              Lainnya/            ≤ 1 Bulan/              Bulan/             >6 - 12             > 12 Bulan/
                                            Total             Others *)           ≤ 1 Month               Months             Months              >12 Months

  ASET                                                                                                                                                                                           ASSETS
  Kas                                       2.105.620                       -          2.105.620                     -                    -                       -                                 Cash
  Giro pada                                                                                                                                                                        Current accounts with
      Bank Indonesia                      22.739.920                        -         22.739.920                     -                    -                       -                     Bank Indonesia
                                                                                                                                                                                   Current accounts with
  Giro pada bank lain                       5.949.175               (2.571)            5.951.746                     -                    -                       -                        other banks
  Penempatan pada                                                                                                                                                                        Placements with
      Bank Indonesia                                                                                                                                                                    Bank Indonesia
      dan bank lain                        4.661.104                      -            4.661.104                    -                  -                      -                        and other banks
  Efek-efek                               25.362.623                  (787)            6.858.084            7.992.795          4.516.767              5.995.764                                 Securities
  Obligasi Pemerintah                     35.475.529                      -            9.056.220            3.379.524          1.294.839             21.744.946                        Government bonds
  Efek-efek yang Dibeli Dengan                                                                                                                                                Securities Purchased under
  Janji Dijual Kembali                        175.625                     -              175.625                     -                    -                       -                   Agreement to Resell
  Tagihan Akseptasi                           939.911               (1.987)              941.898                     -                    -                       -              Acceptance Receivable
  Tagihan Derivatif                           102.843                     -              102.843                     -                    -                       -               Derivative Receivables
  Kredit yang diberikan dan
      pembiayaan/piutang                                                                                                                                                                  Loans and sharia
      syariah                            344.915.745         (13.057.187)              2.209.265            7.280.870          6.193.238           342.289.559                     financing/receivables
  Bunga yang masih akan
      diterima                           11.518.574                         -         11.518.574                     -                    -                       -                       Interest receivable
  Aset lain-lain**)                       1.781.884                         -          1.781.884                     -                    -                       -                           Other assets**)

  Total                                  455.728.553         (13.062.532)             68.102.783           18.653.189         12.004.844           370.030.269                                            Total


  LIABILITAS                                                                                                                                                                                  LIABILITIES
  Liabilitas segera ***)                   2.258.154                        -         2.258.154                     -                  -                       -            Liabilities due immediately***)
  Simpanan nasabah                       352.437.480                        -       244.316.185           104.484.549          3.588.478                  48.268                 Deposits from customers
  Simpanan dari bank lain                     70.035                        -            70.035                                        -                       -               Deposits from other banks
  Surat berharga yang
      diterbitkan                           5.444.524                       -                                 599.620           995.934               3.848.970                          Securities issued
  Liabilitas akseptasi                        941.898                       -             941.898                   -                  -                      -                        Acceptance payable
  Liabilitas Derivatif                                                      -                                       -                   -                     -                         Derivative payable
  Pinjaman yang diterima                  33.485.084                        -                               4.419.676          7.000.000             22.065.408                           Fund borrowings
  Bunga yang masih harus
      dibayar                                 658.070                       -            658.070                     -                    -                       -                      Interest payables
  Liabilitas lain-lain****)                   313.931                       -            313.931                     -                    -                       -                    Other liabilities****)
  Pinjaman dan efek-                                                                                                                                                                Subordinated Loan and
  efek subordinasi                          6.328.105                       -          4.828.105                     -                    -           1.500.000                                 Securities

  Total                                  401.937.281                        -       253.386.378           109.503.845        11.584.412              27.462.646                                           Total

  Perbedaan jatuh tempo                   53.791.272         (13.062.532)         (185.283.595)           (90.850.656)          (420.432)          342.567.623                                  Maturity gap




    *)      Cadangan kerugian penurunan nilai atas aset keuangan.                                                   *)      Allowance for impairment losses on financial assets.
    **)     Terdiri atas tagihan pihak ketiga.                                                                      **)     Consists of third party receivables.
    ***)    Terdiri atas kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito                   ***)    Consists of third party payables, undistributed profit sharing, matured time deposits
            berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil                                     and interest on time deposits not collected by customers.
            nasabah.
    ****)   Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak                        ****)   Consists of guarantee deposits and developers’ security deposits (liabilities to third
            ketiga).                                                                                                        party).




                                                                                                    273
Page 725
                                                                                                                   The original financial statements included herein are in the
                                                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                               45. RISK MANAGEMENT (continued)

    Risiko Likuiditas (lanjutan)                                                                                    Liquidity Risk (continued)

    Tabel jatuh tempo berikut menyajikan informasi                                                                   The following maturity tables provide information
    mengenai perkiraan sisa jatuh tempo dari aset dan                                                                about the expected maturities of the Bank’s financial
    liabilitas keuangan (lanjutan):                                                                                  assets and liabilities (continued):

                                                                                      31 Desember/December 31, 2023

                                                                                                                              > 6 - 12
                                                                                                          >1-6                Bulan/
                                                              Lainnya/            ≤ 1 Bulan/              Bulan/              >6 - 12             > 12 Bulan/
                                            Total             Others *)           ≤ 1 Month               Months              Months              >12 Months

  ASET                                                                                                                                                                                            ASSETS
  Kas                                       2.127.489                       -          2.127.489                     -                     -                       -                                 Cash
  Giro pada                                                                                                                                                                          Current accounts with
      Bank Indonesia                      18.145.761                        -        18.145.761                      -                     -                       -                     Bank Indonesia
                                                                                                                                                                                     Current accounts with
  Giro pada bank lain                       2.201.594               (1.804)            2.203.398                     -                     -                       -                        other banks
  Penempatan pada                                                                                                                                                                         Placements with
      Bank Indonesia                                                                                                                                                                     Bank Indonesia
      dan bank lain                       30.561.122                     -           30.561.122                     -                   -                      -                        and other banks
  Efek-efek                                5.282.970              (22.903)            2.979.680               389.173              50.000              1.887.020                                 Securities
  Obligasi Pemerintah                     35.893.929                     -            7.777.100             3.644.949           1.339.247             23.132.633                       Government bonds
  Tagihan Akseptasi                          520.691              (23.876)              544.567                     -                   -                      -                    Acceptance Receivable
  Tagihan Derivatif                           32.176                     -                     -                    -                   -                 32.176                    Derivative Receivables
  Kredit yang diberikan dan
      pembiayaan/piutang                                                                                                                                                                   Loans and sharia
      syariah                            318.106.177         (15.591.964)              4.924.164            3.585.313           6.396.209           318.792.455                     financing/receivables
  Bunga yang masih akan
      diterima                            11.526.687                        -         11.526.687                     -                     -                       -                       Interest receivable
  Aset lain-lain**)                        1.873.496                        -          1.873.496                     -                     -                       -                           Other assets**)

  Total                                  426.272.092         (15.640.547)             82.663.464            7.619.435           7.785.456           343.844.284                                            Total


  LIABILITAS                                                                                                                                                                                   LIABILITIES
  Liabilitas segera ***)                   2.567.271                        -         2.567.271                     -                  -                        -            Liabilities due immediately***)
  Simpanan nasabah                       322.501.148                        -       225.525.422            78.653.684         18.036.635                  285.407                 Deposits from customers
  Simpanan dari bank lain                     91.312                        -            91.312                       -                -                        -               Deposits from other banks
  Surat berharga yang
      diterbitkan                          8.272.098                         -                 -            1.698.524           1.811.017              4.762.557                          Securities issued
  Liabilitas akseptasi                       544.567                        -            362.394              182.173                   -                      -                        Acceptance payable
  Liabilitas Derivatif                             -                        -                  -                    -                    -                     -                         Derivative payable
  Pinjaman yang diterima                  33.762.089                         -                 -            6.139.851           6.454.998             21.167.240                           Fund borrowings
  Bunga yang masih harus
      dibayar                                 647.496                        -           647.496                     -                     -                       -                      Interest payables
  Liabilitas lain-lain****)                   521.548                       -            521.548                     -                     -                       -                    Other liabilities****)
  Pinjaman dan efek-                                                                                                                                                                 Subordinated Loan and
  efek subordinasi                          9.112.837                       -                       -                -                     -           9.112.837                                 Securities

  Total                                  378.020.366                        -       229.715.443            86.674.232         26.302.650              35.328.041                                           Total

  Perbedaan jatuh tempo                   48.251.726         (15.640.547)         (147.051.979)           (79.054.797)       (18.517.194)           308.516.243                                  Maturity gap




    *)      Cadangan kerugian penurunan nilai atas aset keuangan.                                                    *)      Allowance for impairment losses on financial assets.
    **)     Terdiri atas tagihan pihak ketiga.                                                                       **)     Consists of third party receivables.
    ***)    Terdiri atas kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito                    ***)    Consists of third party payables, undistributed profit sharing, matured time deposits
            berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil                                      and interest on time deposits not collected by customers.
            nasabah.
    ****)   Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak                         ****)   Consists of guarantee deposits and developers’ security deposits (liabilities to third
            ketiga).                                                                                                         party).




                                                                                                    274
Page 726
                                                                                                                   The original financial statements included herein are in the
                                                                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                      unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                               45. RISK MANAGEMENT (continued)

    Risiko Likuiditas (lanjutan)                                                                                    Liquidity Risk (continued)

    Tabel jatuh tempo berikut menyajikan informasi                                                                  The following maturity tables provide information
    mengenai perkiraan sisa jatuh tempo dari aset dan                                                               about the expected maturities of the Bank’s financial
    liabilitas keuangan (lanjutan):                                                                                 assets and liabilities (continued):
                                                                                      31 Desember/December 31, 2022

                                                                                                                             > 6 - 12
                                                                                                          >1-6               Bulan/
                                                              Lainnya/            ≤ 1 Bulan/              Bulan/             >6 - 12             > 12 Bulan/
                                            Total             Others *)           ≤ 1 Month               Months             Months              >12 Months

  ASET                                                                                                                                                                                            ASSETS
  Kas                                       1.661.533                       -          1.661.533                     -                    -                       -                                  Cash
  Giro pada                                                                                                                                                                           Current accounts with
      Bank Indonesia                      25.416.941                        -        25.416.941                      -                    -                       -                      Bank Indonesia
                                                                                                                                                                                      Current accounts with
  Giro pada bank lain                       1.470.510               (1.747)            1.472.257                     -                    -                       -                         other banks
  Penempatan pada                                                                                                                                                                          Placements with
      Bank Indonesia                                                                                                                                                                     Bank Indonesia
      dan bank lain                       12.975.955                      -          12.975.955                     -                  -                      -                         and other banks
  Efek-efek                                1.720.769                (2.399)           1.455.405                 8.260             82.165                177.338                                  Securities
  Obligasi Pemerintah                     51.964.973                      -          37.540.672             3.266.511            512.540             10.645.250                         Government bonds
  Efek-efek yang dibeli
      dengan janji                                                                                                                                                             Securities purchased under
      dijual kembali                        1.434.190                     -            1.434.190                    -                  -                      -                        agreement to resell
  Tagihan Akseptasi                           420.426                 (136)               80.697              339.865                  -                      -                   Acceptance Receivable
  Tagihan Derivatif                           103.939                     -               43.543               29.284            512.540             10.645.250                   Derivative Receivables
  Kredit yang diberikan dan
      pembiayaan/piutang                                                                                                                                                                  Loans and sharia
      syariah                            282.606.781         (15.674.923)              5.336.769            4.811.050          5.887.466           282.246.419                     financing/receivables
  Bunga yang masih akan
      diterima                            10.750.302                        -        10.750.302                      -                    -                       -                       Interest receivable
  Aset lain-lain**)                        1.040.048                        -         1.040.048                      -                    -                       -                           Other assets**)

  Total                                  391.566.367         (15.679.205)             99.208.312            8.454.970          6.994.711           303.714.257                                            Total


  LIABILITAS                                                                                                                                                                                  LIABILITIES
  Liabilitas segera ***)                   2.588.471                        -         2.588.471                     -                  -                      -             Liabilities due immediately***)
  Simpanan nasabah                       297.099.801                        -       174.667.266            58.829.356          9.198.718             54.404.461                  Deposits from customers
  Simpanan dari bank lain                    136.408                        -           136.408                     -                  -                      -                Deposits from other banks
  Surat berharga yang
      diterbitkan                          8.652.260                        -                   -           1.999.919           725.924               5.926.417                          Securities issued
  Liabilitas Derivatif                             -                        -                   -                   -                  -                      -                        Derivative Liabilities
  Liabilitas akseptasi                       420.562                        -            80.697               339.865                  -                      -                        Acceptance payable
  Pinjaman yang diterima                  24.821.005                        -            499.997                    -          2.000.000             22.321.008                           Fund borrowings
  Bunga yang masih harus
      dibayar                                 629.366                       -            629.366                     -                    -                       -                      Interest payables
  Liabilitas lain-lain****)                 4.690.821                       -          4.690.821                     -                    -                       -                    Other liabilities****)
  Pinjaman dan efek-                                                                                                                                                                Subordinated Loan and
  efek subordinasi                          9.158.219                       -                       -                -                    -           9.158.219                                 Securities

  Total                                  348.196.913                        -       183.293.026            61.169.140        11.924.642              91.810.105                                           Total

  Perbedaan jatuh tempo                   43.369.454         (15.679.205)           (84.084.714)          (52.714.170)        (4.929.931)          211.904.152                                  Maturity gap




    *)      Cadangan kerugian penurunan nilai atas aset keuangan.                                                   *)      Allowance for impairment losses on financial assets.
    **)     Terdiri atas tagihan pihak ketiga.                                                                      **)     Consists of third party receivables.
    ***)    Terdiri atas kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito                   ***)    Consists of third party payables, undistributed profit sharing, matured time deposits
            berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil                                     and interest on time deposits not collected by customers.
            nasabah.
    ****)   Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak                        ****)   Consists of guarantee deposits and developers’ security deposits (liabilities to third
            ketiga).                                                                                                        party).




                                                                                                    275
Page 727
                                                                                        The original financial statements included herein are in the
                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                  45. RISK MANAGEMENT (continued)
   Risiko Likuiditas (lanjutan)                                                         Liquidity Risk (continued)
   Tabel di bawah ini menunjukkan sisa jatuh tempo                                      The tables below show the remaining contractual
   kontraktual dari liabilitas keuangan berdasarkan                                     maturities of financial liabilities based on
   pada arus kas yang tidak didiskonto (pokok dan                                       undiscounted cashflows (principal and interest):
   bunga):

                                                              31 Desember/December 31, 2024

                                                                               >1-6           > 6 - 12
                                                            ≤ 1 Bulan/         Bulan/         Bulan/         > 12 Bulan/
                                Total       On demand         Month            Months         Months           Months

  LIABILITAS                                                                                                                                    LIABILITIES
  Liabilitas segera*)           2.258.154               -      2.258.154                 -               -                 -   Liabilities due immediately*)
  Simpanan nasabah                                                                                                                Deposits from customers
      Deposito berjangka      154.945.003              -      75.218.809       78.557.079       1.148.552          20.563                   Time deposits
      Tabungan                 39.222.081     39.222.081               -                -               -               -                Savings deposits
      Giro                    159.906.028     82.236.528               -                -               -      77.488.018               Demand deposits
  Simpanan dari bank lain          70.035         70.035               -                -               -               -        Deposits from other banks
  Liabilitas akseptasi            941.898              -         941.898                -               -               -                Acceptance payable
  Liabiltias derivatif                  -              -               -                -               -               -                Derivative Liabilities
  Surat berharga yang
      diterbitkan               6.169.672               -         56.873          775.969       2.546.485       2.790.345                  Securities issued
  Pinjaman yang diterima       50.269.914               -        131.032        4.703.048       9.176.495      36.259.339                  Fund borrowings
  Bunga yang masih harus
      dibayar                    658.070                -        658.070                 -               -                 -             Interest payables
  Liabilitas lain-lain**)        313.931                -        313.931                 -               -                 -             Other liabilities**)
  Pinjaman Subordinasi dan                                                                                                          Subordinated Loan and
      Efek-efek subordinasi     6.926.880               -      5.284.948                 -               -      1.641.932               and securities

  Total                       421.681.666    121.528.644      84.863.715       84.036.096      12.871.532     118.200.197                               Total



                                                              31 Desember/December 31, 2023

                                                                               >1-6           > 6 - 12
                                                            ≤ 1 Bulan/         Bulan/         Bulan/         > 12 Bulan/
                                Total       On demand         Month            Months         Months           Months

  LIABILITAS                                                                                                                                    LIABILITIES
  Liabilitas segera*)           2.567.271               -      2.567.271                 -               -                 -   Liabilities due immediately*)
  Simpanan nasabah                                                                                                                Deposits from customers
      Deposito berjangka      141.895.950              -      90.316.293       40.542.872      10.987.612          49.173                   Time deposits
      Tabungan                 38.998.753     38.998.753               -                -               -               -                Savings deposits
      Giro                    142.808.756     78.489.050               -                -               -      64.319.706               Demand deposits
  Simpanan dari bank lain          91.312         91.312                                -               -               -        Deposits from other banks
  Liabilitas akseptasi            544.567              -         544.567                -               -                                Acceptance payable
  Liabiltias derivatif                  -              -               -                -               -                  -             Derivative Liabilities
  Surat berharga yang
      diterbitkan               9.453.602               -         75.426        1.935.160       2.085.568       5.357.448                  Securities issued
  Pinjaman yang diterima       43.613.659               -        125.750        6.751.324       8.120.580      28.616.005                  Fund borrowings
  Bunga yang masih harus
      dibayar                    647.496                -        647.496                 -               -                 -             Interest payables
  Liabilitas lain-lain**)        521.548                -        521.548                 -               -                 -             Other liabilities**)
  Pinjaman Subordinasi dan                                                                                                          Subordinated Loan and
      Efek-efek subordinasi     9.825.769               -         47.979          239.897       3.287.876       6.250.017               and securities

  Total                       390.968.683    117.579.115      94.846.330       49.469.253      24.481.636     104.592.349                               Total




                                                                         276
Page 728
                                                                                                                 The original financial statements included herein are in the
                                                                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                   unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                           45. RISK MANAGEMENT (continued)

   Risiko Likuiditas (lanjutan)                                                                                  Liquidity Risk (continued)

   Tabel di bawah ini menunjukkan sisa jatuh tempo                                                               The tables below show the remaining contractual
   kontraktual dari liabilitas keuangan berdasarkan                                                              maturities of financial liabilities based on
   pada arus kas yang tidak didiskonto (pokok dan                                                                undiscounted cashflows (principal and interest):
   bunga): (lanjutan)                                                                                            (continued)
                                                                                    31 Desember/December 31, 2022

                                                                                                        >1-6            > 6 - 12
                                                                                ≤ 1 Bulan/              Bulan/          Bulan/              > 12 Bulan/
                                          Total          On demand                Month                 Months          Months                Months

  LIABILITAS                                                                                                                                                                            LIABILITIES
  Liabilitas segera*)                     2.588.471                       -          2.588.471                    -                  -                      -          Liabilities due immediately*)
  Simpanan nasabah                                                                                                                                                        Deposits from customers
      Deposito berjangka               148.981.512                    -             66.763.135          59.616.536          9.631.572          12.970.268                           Time deposits
      Tabungan                          37.376.047           37.376.047                      -                   -                  -                   -                        Savings deposits
      Giro                             113.525.727           70.664.584                      -                   -                  -          42.861.143                       Demand deposits
  Simpanan dari bank lain                  136.408              136.408                      -                   -                  -                   -                Deposits from other banks
  Liabilitas derivatif                           -                    -                      -                   -                  -                   -                         Derivative liabilities
  Liabilitas akseptasi                     420.562                    -                 80.697             339.865                  -                   -                        Acceptance payable
  Surat berharga yang
      diterbitkan                       10.110.074                        -              72.842          2.245.500            991.612           6.800.120                           Securities issued
  Pinjaman yang diterima                32.698.776                        -              85.148          1.026.370          2.602.004          28.985.254                           Fund borrowings
  Bunga yang masih harus
      dibayar                               629.366                       -            629.366                    -                  -                      -                     Interest payables
  Liabilitas lain-lain**)                 4.690.821                       -          4.690.821                    -                  -                      -                     Other liabilities**)
  Pinjaman Subordinasi dan                                                                                                                                                   Subordinated Loan and
     efek-efek subordinasi              10.562.334                        -              48.158            240.792           288.950            9.984.434                              securities

  Total                                361.720.098         108.177.039              74.958.638          63.469.063      13.514.138           101.601.219                                          Total


   *)     Terdiri atas kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito                        *)      Consists of third party payables, undistributed profit sharing, matured time
          berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil                                          deposits and interest on time deposits not collected by customers.
          nasabah.
   **)    Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak                            **)      Consists of guarantee deposits and developers’ security deposits (liabilities
          ketiga).                                                                                                              to third party).




   Risiko Pasar                                                                                                  Market Risk

   Risiko Pasar merupakan risiko pada laporan posisi                                                             Market risk is the risk on statement of financial
   keuangan dan rekening administratif, akibat                                                                   position and administrative accounts, due to
   perubahan secara keseluruhan dari kondisi pasar.                                                              changes in overall market conditions.




                                                                                                  277
Page 729
                                                                                                The original financial statements included herein are in the
                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                       PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                           45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                                                       Market Risk (continued)

   Sesuai Surat Edaran Otoritas Jasa Keuangan                                                    In accordance with the Financial Services Authority
   Nomor 12 /SEOJK.03/2018 tanggal 21 Agustus                                                    Circular No.12 /SEOJK.03/2018 dated in August 21,
   2018 tentang Penerapan Manajemen Risiko dan                                                   2018 regarding the Implementation of Risk
   Pengukuran Risiko Pendekatan Standar, Bank                                                    Management and Measurement of Risk in the
   menggunakan perhitungan Standardized Method                                                   Standard Approach In measuring market risk, the
   yang digunakan untuk menghitung Kewajiban                                                     Bank uses the Standardized Method in calculating
   Penyediaan Modal Minimum (KPMM) untuk Risiko                                                  minimum Capital Adequacy Ratio (CAR) for market
   Pasar. Risiko nilai tukar yang timbul dari fluktuasi                                          risk. Exchange rate risk arises from fluctuations in
   nilai tukar dikelola dengan cara menjaga Posisi                                               exchange rates maintained by keeping the net open
   Devisa Neto sesuai dengan peraturan Bank                                                      position in accordance with Bank Indonesia
   Indonesia. Gejolak eksternal juga diakomodasi                                                 regulations. External shocks are also being
   dengan dilakukan stress testing untuk melihat                                                 considered by stress testing, which is done to
   sejauh mana Bank dapat bertahan dengan                                                        measure the extent to which the Bank can survive
   beberapa skenario perubahan kondisi eksternal,                                                some scenario changes in external conditions,
   khususnya perubahan suku bunga pasar.                                                         particularly changes in market interest rates.

   Termasuk di dalam risiko pasar adalah risiko                                                  Market risk includes the risk of price changes of
   perubahan harga instrumen keuangan akibat                                                     financial instruments due to changes in market
   perubahan faktor-faktor pasar, seperti perubahan                                              factors, such as changes in interest rates and
   suku bunga dan perubahan nilai tukar.                                                         exchange rates.

   i. Risiko tingkat suku bunga                                                                  i. Interest rate risk

      Risiko tingkat bunga timbul dari adanya                                                          Interest rate risks arise from the possibility that
      kemungkinan bahwa perubahan tingkat suku                                                         changes in interest rates will affect future cash
      bunga akan mempengaruhi arus kas di masa                                                         flows from the fair values of financial instruments.
      yang akan datang dari nilai wajar instrumen
      keuangan.

      Tabel di bawah ini menyajikan informasi                                                          The following table presents information on the
      mengenai tingkat suku bunga rata-rata per tahun                                                  average annual interest rates for significant
      untuk aset dan liabilitas keuangan yang penting                                                  financial assets and liabilities for the year ended
      untuk tahun yang berakhir pada tanggal-tanggal                                                   December 31,2024, 2023 and 2022:
      31 Desember 2024, 2023 dan 2022:
                                      31 Desember/December 31, 2024    31 Desember/December 31, 2023       31 Desember/December 31, 2022

                                                        Mata Uang                        Mata Uang                            Mata Uang
                                                          Asing/                           Asing/                               Asing/
                                                         Foreign                          Foreign                              Foreign
    Aset                               Rupiah           currencies       Rupiah          currencies          Rupiah           currencies                             Assets

    Giro pada bank lain                      0,78%             0,00%          0,69%             0,00%             0,19%             0,00%   Current accounts with other Bank
    Penempatan pada Bank                                                                                                                              Placements with Bank
        Indonesia dan                                                                                                                                       Indonesia and
        bank lain                            5,47%             5,27%          5,23%             5,24%             3,47%             0,96%                     other banks
    Efek-efek                                2,96%             4,12%          5,27%             4,13%             8,59%             4,13%                          Securities
    Obligasi pemerintah                                                                                                                                   Government bonds
        Tingkat bunga tetap                  5,87%             4,02%          3,74%             3,07%             3,60%             2,93%              Fixed interest rate
    Efek-efek yang dibeli                                                                                                                        Securities purchased under
        dengan janji dijual kembali          6,18%              0,0%          5,74%             0,00%             4,21%             0,00%             agreement to resell
    Kredit yang diberikan dan                                                                                                                    Loans and sharia financing/
        Piutang syariah                      8,18%             6,43%          8,06%             6,08%             8,14%             4,48%                      receivables

    Liabilitas                                                                                                                                                    Liabilities

    Simpanan nasabah                                                                                                                                Deposits from customers
        Giro                                 1,86%             6,13%          2,21%             4,51%             1,59%             1,03%               Demand deposits
        Tabungan                             1,57%             0,27%          1,53%             0,21%             1,44%             0,16%                Savings deposits
        Deposito berjangka                   6,17%             5,76%          5,34%             4,25%             3,49%             1,71%                   Time deposits
    Simpanan dari Bank lain                                                                                                                        Deposits from other banks
        Giro                                 0,95%             0,00%          1,12%             0,00%             0,99%             0,00%               Demand deposits
        Deposito Berjangka                   5,02%             0,00%          4,69%             0,00%             2,75%             0,00%                   Time deposits
        Inter-bank call money                6,20%             5,25%          5,65%             0,00%             3,40%             1,48%           Inter-bank call money
    Efek-efek yang dijual dengan                                                                                                                        Securities sold under
        janji dibeli kembali                 6,24%             0,00%          5,97%             0,00%             3,93%             0,00%         repurchase agreements
    Surat berharga yang
        yang diterbitkan                     6,92%             0,00%          7,99%             0,00%             8,56%             0,00%                  Securities issued
    Pinjaman yang diterima                   5,16%             1.39%          5,08%             1,37%             5,47%             0,90%                   Fund borrowing
    Pinjaman subordinasi dan                                                                                                                          Subordinated loan and
        efek-efek Subordinasi                8,28%             4,20%          8,28%             4,20%             8,28%             4,20%                      securities




                                                                                  278
Page 730
                                                                                                                The original financial statements included herein are in the
                                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                  unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                            45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                                                                       Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                                                                       i. Interest rate risk (continued)

     Tabel di bawah ini mengikhtisarkan eksposur                                                                     The tables below summarize the Bank’s exposure
     Bank terhadap risiko tingkat suku bunga (gross):                                                                to interest rate risk (gross):
                                                                    31 Desember/December 31, 2024
                                                Suku bunga mengambang/Variable interest rate

                                                                    Lebih dari 3
                                                                    bulan tetapi
                                                                     tidak lebih
                                                                    dari 1 tahun/                                                     Tidak
                                                    Tidak lebih     More than 3         Lebih dari 1        Suku bunga              dikenakan
                                                   dari 3 bulan/    months but            tahun/               tetap/             bunga/syariah
                                                  Not more than      less than 1        More than 1             Fixed              Non-interest
                                                     3 months           year               year             interest rate         bearing/sharia        Total

    Aset Keuangan                                                                                                                                                                            Financial Assets
    Kas                                                        -                    -                  -                -              2.105.620         2.105.620                                        Cash
    Giro pada Bank Indonesia                                   -                    -                  -       18.413.686              4.326.234        22.739.920       Current accounts with Bank Indonesia
    Giro pada bank lain                                5.951.545                    -                  -                -                    201         5.951.746          Current accounts with other banks
    Penempatan pada Bank Indonesia                                                                                      -                                                     Placements with Bank Indonesia
       dan bank lain                                           -                    -               -           2.851.104              1.810.000         4.661.104                          and other banks
    Efek-efek                                                  -                    -       3.580.141           1.262.479             20.520.790        25.363.410                                   Securities
    Obligasi pemerintah                                        -                    -               -          25.408.237             10.067.293        35.475.530                          Government bonds
    Tagihan Akseptasi                                          -                    -               -                   -                941.898           941.898                    Acceptance Receivable
    Efek-efek yang Dibeli dengan                                                                                                                                                   Securities Purchased under
       Janji Dijual Kembali                                    -                    -                  -           175.625                     -           175.625                     Agreement to Resell
    Tagihan Derivatif                                          -                    -                  -                 -               102.843           102.843                    Derivative receivabless
    Kredit yang diberikan dan piutang                                                                                                                                              Loans and sharia financing/
       /pembiayaan syariah                             5.645.341         9.111.795       149.632.739          149.690.230             43.892.827       357.972.932                               receivable
    Bunga yang masih akan diterima                             -                 -                 -                    -             11.518.574        11.518.574                          Interest receivable
    Aset lain-lain*)                                                                                                    -              1.781.884         1.781.884                               Other assets*)

    Total aset keuangan                               11.596.886         9.111.795       153.212.880          197.801.361             97.068.164       468.791.086                          Total financial assets


    Liabilitas Keuangan                                                                                                                                                                     Financial Liabilities
    Liabilitas segera**)                                       -                    -                  -                    -          2.258.154         2.258.154                  Liabilities due immediately**)
    Simpanan dari nasabah                                                                                                                                                              Deposits from customers
       Giro                                           63.535.244                    -                  -       77.488.018             18.882.765       159.906.027                           Demand deposits
       Tabungan                                       37.700.149                    -                  -                -              1.521.932        39.222.081                           Savings deposits
       Deposito berjangka                                      -                    -                  -      153.309.371                      -       153.309.371                              Time deposits
    Simpanan dari bank lain                                    -                    -                  -                -                 70.035            70.035                    Deposits from other banks
    Liabilitas akseptasi                                       -                    -                  -                -                941.898           941.898                           Acceptance payable
    Liabilitas derivatif                                       -                    -                  -                -                      -                 -                           Acceptance payable
    Surat-surat berharga diterbitkan                           -                    -                  -        5.444.524                      -         5.444.524                               Securities issued
    Pinjaman yang diterima                                     -                    -                  -       33.485.084                      -        33.485.084                               Fund Borrowings
    Bunga yang masih harus dibayar                             -                    -                  -                -                658.070           658.070                              Interest payables
    Liabilitas lain-lain***)                                   -                    -                  -                -                313.931           313.931                               Other liabilities***)
    Pinjaman subordinasi dan                                                                                                                                                            Subordinated Loan and
       Efek-efek subordinasi                                   -                    -                  -        6.328.105                       -        6.328.105                                   Securities

    Total liabilitas keuangan                        101.235.393                    -                  -      276.055.102             24.646.785       401.937.280                       Total financial liabilities

       Gap repricing
       suku bunga-kotor                             (89.638.507)         9.111.795       153.212.880          (78.253.741)            72.421.379        66.853.806    Gross interest repricing gap


      *)     Terdiri dari tagihan kepada pihak ketiga.                                                                       *)    Consists of third party receivables.
      **)    Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan,                                   **)    Consists of third party payables, undistributed profit sharing, matured time
             deposito berjangka jatuh tempo dan bunga atas deposito berjangka namun belum                                          deposits and interest on time deposits not collected by customers.
             diambil nasabah.
     ***)     Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada                                ***)       Consists of guarantee deposits and developers’ security deposits (liabilities to
              pihak ketiga).                                                                                                       third party).




                                                                                            279
Page 731
                                                                                                                The original financial statements included herein are in the
                                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                  unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                            45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                                                                       Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                                                                       i. Interest rate risk (continued)

     Tabel di bawah ini mengikhtisarkan eksposur                                                                     The tables below summarize the Bank’s exposure
     Bank terhadap risiko tingkat suku bunga (gross)                                                                 to interest rate risk (gross) (continued):
     (lanjutan):
                                                                    31 Desember/December 31, 2023
                                                Suku bunga mengambang/Variable interest rate

                                                                    Lebih dari 3
                                                                    bulan tetapi
                                                                     tidak lebih
                                                                    dari 1 tahun/                                                     Tidak
                                                    Tidak lebih     More than 3         Lebih dari 1        Suku bunga              dikenakan
                                                   dari 3 bulan/    months but            tahun/               tetap/             bunga/syariah
                                                  Not more than      less than 1        More than 1             Fixed              Non-interest
                                                     3 months           year               year             interest rate         bearing/sharia        Total

    Aset Keuangan                                                                                                                                                                           Financial Assets
    Kas                                                        -                    -                  -                -              2.127.489         2.127.489                                       Cash
    Giro pada Bank Indonesia                                   -                    -                  -       14.317.572              3.828.189        18.145.761       Current accounts with Bank Indonesia
    Giro pada bank lain                                2.203.198                    -                  -                -                    200         2.203.398          Current accounts with other banks
    Penempatan pada Bank Indonesia                                                                                                                                            Placements with Bank Indonesia
       dan bank lain                                           -                    -                  -       27.411.122              3.150.000        30.561.122                         and other banks
    Efek-efek                                          1.042.013                    -                  -        4.154.990                108.870         5.305.873                                  Securities
    Obligasi pemerintah                                        -                    -                  -       21.735.376             14.158.553        35.893.929                         Government bonds
    Tagihan Akseptasi                                          -                    -                  -                -                544.567           544.567                    Acceptance Receivable
    Tagihan Derivatif                                          -                    -                  -           32.176                      -            32.176                    Derivative receivabless
    Kredit yang diberikan dan piutang                                                                                                                                              Loans and sharia financing/
       /pembiayaan syariah                             4.843.685         8.545.336       142.367.230          140.827.609             37.114.281       333.698.141                              receivable
    Bunga yang masih akan diterima                             -                 -                 -                    -             11.526.687        11.526.687                         Interest receivable
    Aset lain-lain*)                                           -                 -                 -                    -              1.873.496         1.873.496                              Other assets*)

    Total aset keuangan                                8.088.896         8.545.336       142.367.230          208.478.845             74.432.332       441.912.639                          Total financial assets


    Liabilitas Keuangan                                                                                                                                                                     Financial Liabilities
    Liabilitas segera**)                                       -                    -                  -                    -          2.567.271         2.567.271                  Liabilities due immediately**)
    Simpanan dari nasabah                                                                                                                                                              Deposits from customers
       Giro                                           75.362.852                    -                  -       54.006.439             13.439.465       142.808.756                           Demand deposits
       Tabungan                                       37.722.161                    -                  -                -              1.276.592        38.998.753                           Savings deposits
       Deposito berjangka                                      -                    -                  -      140.693.639                      -       140.693.639                              Time deposits
    Simpanan dari bank lain                                    -                    -                  -                -                 91.312            91.312                    Deposits from other banks
    Liabilitas akseptasi                                       -                    -                  -                -                544.567           544.567                           Acceptance payable
    Liabilitas derivatif                                       -                    -                  -                -                      -                 -                           Acceptance payable
    Surat-surat berharga diterbitkan                           -                    -                  -        8.006.252                265.846         8.272.098                               Securities issued
    Pinjaman yang diterima                                     -                    -                  -       30.531.530              3.230.559        33.762.089                               Fund Borrowings
    Bunga yang masih harus dibayar                             -                    -                  -                -                647.496           647.496                              Interest payables
    Liabilitas lain-lain***)                                   -                    -                  -                -                521.548           521.548                               Other liabilities***)
    Pinjaman subordinasi dan                                                                                                                                                            Subordinated Loan and
       Efek-efek subordinasi                                   -                    -                  -        9.112.837                       -        9.112.837                                   Securities

    Total liabilitas keuangan                       113.085.013                     -                  -      242.350.697             22.584.656       378.020.366                       Total financial liabilities

       Gap repricing
       suku bunga-kotor                            (104.996.117)         8.545.336       142.367.230          (33.871.852)            51.847.676        63.892.273               Gross interest repricing gap


      *)     Terdiri dari tagihan kepada pihak ketiga.                                                                       *)    Consists of third party receivables.
      **)    Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan,                                   **)    Consists of third party payables, undistributed profit sharing, matured time
             deposito berjangka jatuh tempo dan bunga atas deposito berjangka namun belum                                          deposits and interest on time deposits not collected by customers.
             diambil nasabah.
     ***)     Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada                                ***)       Consists of guarantee deposits and developers’ security deposits (liabilities to
              pihak ketiga).                                                                                                       third party).




                                                                                            280
Page 732
                                                                                                                The original financial statements included herein are in the
                                                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                  unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                                                            45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                                                                       Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                                                                       i. Interest rate risk (continued)

     Tabel di bawah ini mengikhtisarkan eksposur                                                                     The tables below summarize the Bank’s exposure
     Bank terhadap risiko tingkat suku bunga (gross)                                                                 to interest rate risk (gross)(continued):
     (lanjutan):
                                                                                31 Desember/December 31, 2022
                                                Suku bunga mengambang/Variable interest rate

                                                                    Lebih dari 3
                                                                    bulan tetapi
                                                                     tidak lebih
                                                                    dari 1 tahun/                                                     Tidak
                                                    Tidak lebih     More than 3         Lebih dari 1        Suku bunga              dikenakan
                                                   dari 3 bulan/    months but            tahun/               tetap/             bunga/syariah
                                                  Not more than      less than 1        More than 1             Fixed              Non-interest
                                                     3 months           year               year             interest rate         bearing/sharia         Total

    Aset Keuangan                                                                                                                                                                             Financial Assets
    Kas                                                        -                    -                  -                    -          1.661.533         1.661.533                                         Cash
    Giro pada Bank Indonesia                          22.035.579                    -                  -                    -          3.381.362        25.416.941        Current accounts with Bank Indonesia
    Giro pada bank lain                                1.471.059                    -                  -                    -              1.198         1.472.257           Current accounts with other banks
    Penempatan pada Bank Indonesia                                                                                                                                             Placements with Bank Indonesia
       dan bank lain                                          -                     -                  -       10.897.955              2.078.000        12.975.955                           and other banks
    Efek-efek                                           793.831                     -                  -          816.282                113.055         1.723.168                                    Securities
    Obligasi pemerintah                                       -                     -                  -       43.150.065              8.814.908        51.964.973                          Government bonds
    Efek-efek yang dibeli dengan                                                                                                                                                    Securities purchaces under
       janji dijual kembali                                    -                    -                  -        1.434.190                      -          1.434.190                         agreement to resell
    Tagihan akseptasi                                          -                    -                  -                -                420.562            420.562                    Acceptance Receivable
    Tagihan derivatif                                          -                    -                  -          103.939                      -            103.939                    Derivative receivabless
    Kredit yang diberikan dan piutang                                                                                                                                               Loans and sharia financing/
       /pembiayaan syariah                             3.898.479         9.715.127       187.066.985           65.976.974             31.624.139       298.281.704                                receivable
    Bunga yang masih akan diterima                             -                 -                 -                    -             10.750.302        10.750.302                           Interest receivable
    Aset lain-lain*)                                           -                 -                 -                    -              1.040.048         1.040.048                                Other assets*)

    Total aset keuangan                               28.198.948         9.715.127       187.066.985          122.379.405             59.885.107       407.245.572                          Total financial assets



    Liabilitas Keuangan                                                                                                                                                                     Financial Liabilities
    Liabilitas segera**)                                       -                    -                  -                    -          2.614.055          2.614.055                 Liabilities due immediately**)
    Simpanan dari nasabah                                                                                                                                                              Deposits from customers
       Giro                                           62.039.775                    -                  -       42.861.143              8.624.809       113.525.727                           Demand deposits
       Tabungan                                       36.182.329                    -                  -                               1.193.718        37.376.047                           Savings deposits
       Deposito berjangka                                      -                    -                  -      146.198.027                      -       146.198.027                              Time deposits
    Simpanan dari bank lain                              136.408                    -                  -                -                      -           136.408                    Deposits from other banks
    Liabilitas akseptasi                                       -                    -                  -                -                420.562           420.562                           Acceptance payable
    Liabilitas derivatif                                       -                    -                  -                -                      -                 -                            Derivative liabilities
    Surat-surat berharga diterbitkan                           -                    -                  -        8.652.260                      -         8.652.260                               Securities issued
    Pinjaman yang diterima                                     -                    -                  -       22.803.052              2.017.953        24.821.005                               Fund Borrowings
    Bunga yang masih harus dibayar                             -                    -                  -                -                629.366           629.336                              Interest payables
    Liabilitas lain-lain***)                                   -                    -                  -                -              4.690.821         4.690.821                               Other liabilities***)
    Pinjaman subordinasi dan                                                                                                                                                            Subordinated Loan and
       Efek-efek subordinasi                                   -                    -                  -        9.158.219                        -        9.158.219                                 Securities

    Total liabilitas keuangan                         98.358.512                    -                  -      229.672.701             20.191.284       348.222.467                       Total financial liabilities

    Gap repricing
      suku bunga-kotor                              (70.159.564)         9.715.127       187.066.985        (107.293.296)             39.693.823        59.023.105                Gross interest repricing gap


      *)     Terdiri dari tagihan kepada pihak ketiga.                                                                       *)    Consists of third party receivables.
      **)    Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan,                                   **)    Consists of third party payables, undistributed profit sharing, matured time
             deposito berjangka jatuh tempo dan bunga atas deposito berjangka namun belum                                           deposits and interest on time deposits not collected by customers.
             diambil nasabah.
     ***)     Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada                                ***)        Consists of guarantee deposits and developers’ security deposits (liabilities to
              pihak ketiga).                                                                                                        third party).




                                                                                            281
Page 733
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                    45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                                 Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                                   i. Interest rate risk (continued)

      Analisis sensitivitas untuk beberapa faktor pasar                       Sensitivity analyses for several market factors
      menunjukkan bagaimana laba atau rugi dan                                showing how profit or loss and equity could be
      ekuitas dapat dipengaruhi oleh perubahan dari                           affected by changes in the relevant risk factor are
      beberapa faktor risiko sesuai dengan tabel                              shown in the tables below. In general, sensitivity
      dibawah ini. Secara umum, sensitivitas diestimasi                       is estimated by comparing an initial value to the
      dengan membandingkan suatu nilai awal ke nilai                          value derived after a specified change in the
      tertentu setelah perubahan tertentu dari faktor                         market factor, assuming all other variables are
      pasar, dengan mengasumsikan seluruh variabel                            constant. The sensitivity of the statement of profit
      lainnya tetap. Sensitivitas atas laporan laba rugi                      or loss and other comprehensive income is the
      dan penghasilan komprehensif lain merupakan                             effect of the assumed changes in interest rates on
      efek atas perubahan estimasi suku bunga atas                            the profit or loss for a period, based on the variable
      laba rugi untuk suatu periode, berdasarkan nilai                        rate trading and non-trading financial assets and
      suku bunga mengambang atas aset dan liabilitas                          liabilities held by the Bank as of December 31,
      yang diperdagangkan dan tidak diperdagangkan                            2024, 2023 and 2022. The sensitivity of equity is
      yang dimiliki Bank pada tanggal-tanggal                                 calculated by revaluing fixed interest rate fair
      31 Desember 2024, 2023 dan 2022. Analisis                               value through other comprehensive income and
      sensitivitas atas ekuitas dihitung dengan menilai                       fair value to profit or loss financial assets as of
      kembali perubahan estimasi suku bunga tetap                             December 31, 2024, 2023 and 2022 for the effects
      atas aset keuangan yang diukur pada nilai wajar                         of the assumed changes in interest rates. The
      melalui penghasilan komprehensif lain dan nilai                         total sensitivity of equity is based on the
      wajar melalui laba rugi pada tanggal-tanggal                            assumption that there are parallel shifts in the
      31 Desember 2024, 2023 dan 2022. Jumlah                                 yield curve.
      sensitivitas atas ekuitas didasarkan pada asumsi
      bahwa terdapat perubahan paralel dalam kurva
      imbal hasil.

      Tabel dibawah ini menunjukkan sensitivitas dari                         The tables below demonstrate the sensitivity of
      laporan laba rugi dan penghasilan komprehensif                          the Bank’s statement of profit or loss and other
      lain dan ekuitas Bank terhadap kemungkinan                              comprehensive income and equity to reasonably
      perubahan wajar atas suku bunga untuk aset dan                          possible changes in interest rates for fixed rate
      liabilitas keuangan dengan suku bunga tetap                             financial assets and liabilities as of December 31,
      pada tanggal-tanggal 31 Desember 2024, 2023                             2024, 2023 and 2022, there is significant changes
      dan 2022, terdapat perubahan signifikan                                 compare to December 2022 from impact of profit
      dibandingkan dengan Desember 2022 atas                                  or loss and equity because of the increasing from
      dampak ke laba rugi dan ekuitas dikarenakan                             securities in USD:
      peningkatan portofolio surat berharga dalam
      USD:
                                              31 Desember/December 31, 2024

                                                    Dampak ke laporan
                                                    laba rugi komprehensif
                                                       sebelum pajak/
                                                         Impact to              Dampak ke
                                 Perubahan basis        Statement of              ekuitas/
                                   poin/Change        Comprehensive              Impact to
                                  in basis point     Income before tax             Equity

    Rupiah                                   +125              (261.744)                (315.892)                               Rupiah
                                              +50              (109.241)                (129.741)
                                              -50               108.854                  133.279
                                             -125               293.444                  337.962
    Dolar Amerika Serikat                    +125               (11.242)               (509.350)                    United States Dollar
                                              +50                (4.502)               (216.369)
                                              -50                  4.509                 235.193
                                             -125                 11.286                 627.522




                                                           282
Page 734
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                    45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                               Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                                  i. Interest rate risk (continued)

     Tabel dibawah ini menunjukkan sensitivitas dari                         The tables below demonstrate the sensitivity of
     laporan laba rugi dan penghasilan komprehensif                          the Bank’s statement of profit or loss and other
     lain dan ekuitas Bank terhadap kemungkinan                              comprehensive income and equity to reasonably
     perubahan wajar atas suku bunga untuk aset dan                          possible changes in interest rates for fixed rate
     liabilitas keuangan dengan suku bunga tetap                             financial assets and liabilities as of December 31,
     pada tanggal-tanggal 31 Desember 2024, 2023                             2024, 2023 and 2022, there is significant changes
     dan 2022, terdapat perubahan signifikan                                 compare to December 2022 from impact of profit
     dibandingkan dengan Desember 2022 atas                                  or loss and equity because of the increasing from
     dampak ke laba rugi dan ekuitas dikarenakan                             securities in USD: (continued)
     peningkatan portofolio surat berharga dalam
     USD: (lanjutan)

                                              31 Desember/December 31, 2023

                                                   Dampak ke laporan
                                                laba rugi dan penghasilan
                                                   komprehensif lainnya
                                                      sebelum pajak/
                                                        Impact to              Dampak ke
                                Perubahan basis        Statement of              ekuitas/
                                  poin/Change        Comprehensive              Impact to
                                 in basis point     Income before tax             Equity

    Rupiah                                   +125             (67.861)               (285.489)                              Rupiah
                                              +50             (28.181)               (116.975)
                                              -50              29.653                 120.901
                                             -125              77.208                 310.063
    Dolar Amerika Serikat                    +125                (146)              (567.433)                   United States Dollar
                                              +50                 (58)              (241.791)
                                              -50                   59                264.001
                                             -125                  146                706.923


                                              31 Desember/December 31, 2022

                                                    Dampak ke laporan
                                                laba rugi dan penghasilan
                                                   komprehensif lainnya
                                                      sebelum pajak/
                                                         Impact to
                                                       Statement of            Dampak ke
                                Perubahan basis      profit or loss and          ekuitas/
                                  poin/Change      Other Comprehensive          Impact to
                                 in basis point     Income before tax             Equity

    Rupiah                                   +125             (43.380)               (556.734)                              Rupiah
                                              +50             (17.878)               (230.043)
                                              -50              18.623                 240.557
                                             -125              48.045                 622.570
    Dolar Amerika Serikat                    +125                    -               (546.154)                  United States Dollar
                                              +50                    -              (232.895)
                                              -50                    -                254.593
                                             -125                    -                682.459




                                                          283
Page 735
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                   45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                              Market Risk (continued)

   i. Risiko tingkat suku bunga (lanjutan)                              i. Interest rate risk (continued)

     Tabel dibawah ini menunjukkan sensitivitas dari                       The tables below demonstrate the sensitivity of
     laporan laba rugi dan penghasilan komprehensif                        profit or loss and other comprehensive income to
     lain terhadap kemungkinan perubahan suku                              reasonably possible changes in interest rates for
     bunga untuk aset dan liabilitas keuangan dengan                       variable rate financial assets and liabilities as of
     suku bunga variable pada tanggal-tanggal                              December 31, 2024, 2023 and 2022, respectively:
     31 Desember 2024, 2023 dan 2022:

                                              31 Desember/December 31, 2024

                                                                    Pengaruh ke
                                                                 laporan laba rugi
                                                                   komprehensif/
                                             Perubahan               Impact to
                                             basis poin/            Statement of
                                             Change in            comprehensive
                                             basis point              income

    Rupiah                                             ±125              ±432.964                                     Rupiah
                                                        ±50              ±173.186




                                              31 Desember/December 31, 2023

                                                                   Pengaruh ke
                                                                 laporan laba rugi
                                                                 dan penghasilan
                                                              komprehensif lainnya/
                                                                     Impact to
                                             Perubahan             Statement of
                                             basis poin/         profit or loss and
                                             Change in          other comprehensive
                                             basis point              income

    Rupiah                                             ±125              ±410.748                                     Rupiah
                                                        ±50              ±164.299



                                              31 Desember/December 31, 2022

                                                                   Pengaruh ke
                                                                 laporan laba rugi
                                                                 dan penghasilan
                                                              komprehensif lainnya/
                                                                     Impact to
                                             Perubahan             Statement of
                                             basis poin/         profit or loss and
                                             Change in          other comprehensive
                                             basis point              income

    Rupiah                                             ±125              ±405.949                                     Rupiah
                                                        ±50              ±162.380




                                                           284
Page 736
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


45. MANAJEMEN RISIKO (lanjutan)                                  45. RISK MANAGEMENT (continued)

   Risiko Pasar (lanjutan)                                            Market Risk (continued)

   ii. Risiko Nilai Tukar (lanjutan)                                    ii. Exchange rate risk (continued)

     Risiko nilai tukar adalah kemungkinan kerugian                       Exchange rate risk is the probability of loss to
     yang timbul dari perubahan kurs valuta asing.                        earnings arising from changes in foreign
     Bank mengelola paparan terhadap pengaruh                             exchange rates. The Bank manages exposure to
     fluktuasi nilai tukar dengan Posisi Devisa Neto                      effects of fluctuations in exchange rates with Net
     sesuai dengan peraturan OJK (tidak diaudit).                         Open Position based on OJK regulations
                                                                          (unaudited).
                                           31 Desember/December 31, 2024

                                          Perubahan
                                          persentase
                                          nilai tukar             Pengaruh ke
                                          mata uang               laporan laba
                                             asing/            rugi komprehensif/
                                          Percentage                Impact to
                                           change in              Statement of
                                            foreign              comprehensive
                                         currency rate               income

      Dolar Amerika Serikat                      ±0.30%                   ±4.804                        United States Dollar
                                                 ±0.35%                   ±5.604

                                           31 Desember/December 31, 2023

                                          Perubahan             Pengaruh ke
                                          persentase          laporan laba rugi
                                          nilai tukar         dan penghasilan
                                          mata uang        komprehensif lainnya/
                                             asing/               Impact to
                                          Percentage            Statement of
                                           change in          profit or loss and
                                            foreign          other comprehensive
                                         currency rate             income

      Dolar Amerika Serikat                 ±0.30%                        ±3.840                        United States Dollar
                                            ±0.35%                        ±4.480

                                           31 Desember/December 31, 2022

                                          Perubahan             Pengaruh ke
                                          persentase          laporan laba rugi
                                          nilai tukar         dan penghasilan
                                          mata uang        komprehensif lainnya/
                                             asing/               Impact to
                                          Percentage            Statement of
                                           change in          profit or loss and
                                            foreign          other comprehensive
                                         currency rate             income

      Dolar Amerika Serikat                      ±0.30%                   ±1.106                        United States Dollar
                                                 ±0.35%                   ±1.290

     Sensitivitas atas laporan laba rugi dan                               The sensitivity of the statement of profit or loss
     penghasilan komprehensif lain merupakan                               and other comprehensive income is the
     dampak yang diestimasi atas perubahan yang                            estimated effect of the assumed change in
     diasumsikan atas perubahan nilai tukar                                foreign currency exchange rates on income,
     berdasarkan aset dan liabilitas keuangan dalam                        based on foreign currency denominated assets
     mata uang asing.                                                      and liabilities.

     Pada tanggal 31 Desember 2024, 2023 dan 2022,                         As of December 31, 2024, 2023 and 2022, the
     dampak atas perubahan nilai tukar mata uang                           effect of fluctuations in exchange rates of other
     lainnya seperti Pound Sterling Inggris, Euro                          currencies, such as British Pound Sterling,
     Eropa, Yen Jepang, Dolar Singapura, Dolar                             European Euro, Japanese Yen, Singapore
     Australia dan Dolar Hongkong tidak material.                          Dollar, Australian Dollar and Hongkong Dollar, is
                                                                           not material.

                                                         285
Page 737
                                                                                                                         The original financial statements included herein are in the
                                                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                                        unless otherwise stated)


46. NILAI WAJAR      ASET                                  DAN              LIABILITAS                         46. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                                                            LIABILITIES (continued)

    Tabel di bawah ini menyajikan perbandingan antara                                                                      The table below summarizes the comparison
    nilai tercatat dan nilai wajar dari semua aset dan                                                                     between the carrying amounts and fair values of all
    liabilitas keuangan. Nilai wajar yang diungkapkan                                                                      financial assets and liabilities of the Bank. The fair
    adalah berdasarkan informasi relevan yang tersedia                                                                     values disclosed are based on relevant information
    pada tanggal 31 Desember 2024, 2023 dan 2022,                                                                          available as of December 31, 2024, 2023 and 2022
    dan tidak diperbaharui untuk mencerminkan                                                                              and are not updated to reflect changes in market
    perubahan dalam kondisi pasar yang telah terjadi                                                                       conditions which have occurred after these dates.
    setelah tanggal ini.
                                        31 Desember/December 31, 2024              31 Desember/December 31, 2023                  31 Desember/December 31, 2022

                                       Nilai Tercatat/       Nilai wajar/        Nilai Tercatat/          Nilai wajar/           Nilai Tercatat/         Nilai wajar/
                                       Carrying Value        Fair value          Carrying Value           Fair value             Carrying Value          Fair value

  Aset Keuangan                                                                                                                                                                                   Financial Assets
  Kas                                        2.105.620            2.105.620             2.127.489             2.127.489                1.661.533              1.661.533                                      Cash

  Nilai wajar melalui                                                                                                                                                                           Fair value through
      laba rugi                                                                                                                                                                                   profit or loss
      Efek-efek                             19.358.865          19.358.865              1.042.013             1.042.013                  793.831                793.831                             Securities
      Obligasi Pemerintah                    3.265.550           3.265.550              3.796.440             3.796.440               19.591.199             19.591.199                     Government bonds

  Aset keuangan yang diukur pada                                                                                                                                                         Financial asset held at fair
     nilai wajar melalui penghasilan                                                                                                                                                       value through other
     komprehensif lain                                                                                                                                                                  comprehensive income
     Efek-efek                               1.964.907           1.964.907              1.928.336             1.928.336                  655.293                655.293                                   Securities
     Obligasi Pemerintah                    14.109.049          14.109.049             12.511.991            12.511.991               14.332.949             14.332.949                     Government bonds

  Diukur pada biaya
      perolehan amortisasi                                                                                                                                                                        Amortized cost
      Efek-efek                              4.039.638           4.039.638              2.335.524             2.338.545                  271.645                280.451                                Securities
      Obligasi pemerintah                   18.100.930          18.100.930             19.585.498            19.502.452               18.040.825             17.945.001                     Government bonds

  Efek-efek yang Dibeli dengan                                                                                                                                                          Securities purchased under
      Janji Dijual Kembali                     175.625              175.625                     -                     -                1.434.190              1.434.190                    agreement to resell
  Tagihan derivatif                            102.843              102.843                32.176                32.176                  103.939                103.939                       Derivative receivable
  Tagihan Akseptasi                            941.898              941.898               544.567               544.567                  420.426                420.426                    Acceptance Receivable

  Giro pada Bank Indonesia                  22.739.920          22.739.920             18.145.761            18.145.761               25.416.941             25.416.941      Current accounts with Bank Indonesia
  Giro pada bank lain                        5.951.746           5.951.746              2.201.594             2.201.594                1.470.510              1.470.510          Current accounts with other Bank
  Penempatan pada Bank Indonesia                                                                                                                                                  Placements with Bank Indonesia
      dan Bank Lain                          4.661.104            4.661.104            30.561.122            30.561.122               12.975.955             12.975.955                        and other Banks
  Kredit yang diberikan dan                                                                                                                                                            Loans and sharia financing/
      Piutang Syariah                                                                                                                                                                               receivables
      Konsumsi                                                                                                                                                                                       Consumer
      Pemilikan rumah                      272.529.340         265.489.178           251.160.354            246.332.418              227.522.319           225.618.498                            Housing loan
      Non-kepemilikan Rumah                 14.213.133          14.213.133            12.726.250             12.726.250               11.425.286            11.425.286                       Non-housing loan
      Modal kerja                           32.384.070          32.384.070            31.192.994             31.192.994               26.965.038            26.965.038                          Working capital
      Investasi                             16.282.762          16.282.762            13.956.609             13.956.609               10.117.008            10.117.008                              Investment
      Sindikasi                              7.717.712           7.717.712             7.127.988              7.127.988                4.488.751             4.488.751                              Syndicated
      Direksi dan karyawan                   1.788.728           1.788.728             1.941.982              1.941.982                2.088.379             2.088.379                Directors and employees
  Bunga yang masih akan
      diterima                              11.518.574          11.518.574             11.526.687            11.526.687               10.750.302             10.750.302                          Interest receivable
  Aset lain-lain*)                           1.781.884           1.781.884              1.873.496             1.873.496                1.040.048              1.040.048                               Other assets*)

  Total aset keuangan                      455.733.898         448.693.736           426.318.871            421.410.910              391.566.367           389.575.528                      Total financial assets


  Liabilitas Keuangan                                                                                                                                                                        Financial Liabilities
  Nilai wajar melalui                                                                                                                                                                           Fair value through
      laba rugi                                                                                                                                                                                    profit or loss
  Liabilitas segera**)                       2.258.154            2.258.154             2.567.271             2.567.271                2.611.027              2.611.027                         Current liabilities**)
  Simpanan nasabah                                                                                                                                                                        Deposits from customers
      Giro                                 159.906.028         159.906.028           142.808.756            142.808.756              113.525.727           113.525.727                      Demand deposits
      Tabungan                              39.222.081          39.222.081            38.998.753             38.998.753               37.376.047            37.376.047                       Savings deposits
      Deposito Berjangka                   153.309.371         153.309.371           140.693.639            140.693.639              146.198.027           146.198.027                          Time deposits
  Simpanan dari Bank Lain                                                                                                                                                                Deposits from other banks
      Giro                                      70.035               70.035                91.312                91.312                  136.408                136.408                     Demand deposits
  Surat berharga yang
      Diterbitkan                            5.444.524           5.518.386              8.272.098             8.387.536                8.652.260              8.828.249                           Securities issued
  Liabilitas akseptasi                         941.898             941.898                544.567               544.567                  420.562                420.562                        Acceptance Paybale
  Pinjaman yang diterima                    33.485.084          29.739.959             33.762.089            31.075.777               24.821.005             21.731.531                           Fund Borrowings
  Bunga yang masih harus dibayar               658.070             658.070                647.496               647.496                  629.366                600.410                           Interest payables
  Liabilitas lain-lain***)                     313,931             313,931                521.548               521.548                4.690.821              4.690.821                            Other liabilities***)
  Pinjaman Subordinasi dan                                                                                                                                                                      Subordinated Loan
      efek-efek subordinasi                  6.328.105            6.322.658             9.112.837             9.006.404                9.158.219              8.899.563                          and securities

  Total liabilitas keuangan                401.937.281         398.260.571           378.020.366            375.343.059              348.219.469           345.018.372                    Total financial liablities




    *)      Terdiri dari tagihan pihak ketiga.                                                                             *)     Consists of third party receivables.
    **)     Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito                          **)    Consists of third party payables, undistributed profit sharing, matured time deposits
            berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil                                           and interest on time deposits not collected by customers.
            nasabah.
    ***)    Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak                             ***)     Consists of guarantee deposits and developers’ security deposits (liabilities to third
            ketiga).                                                                                                              party).




                                                                                                    286
Page 738
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                             unless otherwise stated)


46. NILAI WAJAR      ASET                      DAN            LIABILITAS             46. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                                  LIABILITIES (continued)

   Tabel di bawah ini menyajikan instrumen keuangan                                        The tables below show the financial instruments
   yang diakui pada nilai wajar berdasarkan hirarki                                        recognized at fair value based on the hierarchy used
   yang digunakan Bank untuk menentukan dan                                                by the Bank in determining and disclosing the fair
   mengungkapkan nilai wajar dari instrumen                                                value of financial instruments:
   keuangan:
   (i)     Tingkat 1: harga kuotasian (tanpa penyesuaian)                                  (i)     Level 1: quoted prices (unadjusted) in active
           di pasar aktif untuk aset atau liablitas yang                                           markets for identical assets or liabilities which
           identik yang dapat diakses pada tanggal                                                 are accessible at the measurement date;
           pengukuran;
   (ii) Tingkat 2: input selain harga kuotasian yang                                       (ii)    Level 2: inputs other than quoted prices
        termasuk dalam level 1 yang dapat diobservasi                                              included in level 1 that are observable for the
        untuk aset dan liabilitas, baik secara langsung                                            assets and liabilities, either directly or
        atau tidak langsung;                                                                       indirectly;

   (iii) Tingkat 3: input yang tidak dapat diobservasi                                     (iii)   Level 3: inputs that are not observable for the
         untuk aset dan liabilitas.                                                                assets and liabilities.
                                                                   31 Desember/December 31, 2024

                                               Nilai Wajar/        Tingkat/            Tingkat/          Tingkat/
                                               Fair Value          Level 1             Level 2           Level 3

         Aset Keuangan                                                                                                                     Financial Assets
         Nilai wajar melalui
             laba rugi                                                                                                       Fair value through profit or loss
               Efek-efek                           19.358.865        18.899.989             458.876                 -                           Securities
               Obligasi pemerintah                  3.265.550         3.265.550                   -                 -                  Government bonds

         Total nilai wajar
            laba rugi                              22.624.415        22.165.539             458.876                 -   Total fair value through profit or loss

         Aset keuangan yang diukur pada                                                                                           Financial asset held at fair
         nilai wajar melalui penghasilan                                                                                                value through other
         komprehensif lain                                                                                                           comprehensive income
               Efek-efek                            1.964.907         1.964.907                    -                -                           Securities
               Obligasi pemerintah                 14.109.949        14.109.949                    -                -                  Government bonds

         Total Aset keuangan yang
            diukur pada nilai wajar                                                                                          Total financial asset held at fair
            melalui penghasilan                                                                                                          value through other
            komprehensif lain                      16.074.856        16.074.856                    -                -                 comprehensive income


         Diukur pada biaya
            perolehan amortisasi                                                                                                             Amortized cost
             Efek-efek                              4.039.638            50.000                    -        3.989.638                          Securities
             Obligasi pemerintah                   18.100.930        18.100.930                    -                -                  Government bonds
             Efek-efek yang dibeli dengan                                                                                     Securities purchased under
                janji dijual kembali                  175.625                   -           175.625                 -             agreement to resell

         Total diukur pada biaya
            perolehan amortisasi                   22.316.193        18.150.930             175.625                 -                   Total Amortized cost



         Tagihan Derivatif                            102.843                   -           102.843                 -                Derivative Receivable


         Kredit yang diberikan dan piutang                                                                                              Loan and receivables
              Kredit yang diberikan. piutang                                                                                               Loan and sharia
              dan pembiayaan Syariah - Net        337.875.583                   -       331.276.899         6.598.684                 financing receivables


         Liabilitas Keuangan                                                                                                            Financial Liabilities
         Liabilitas Derivatif                                  -                                                                          Derivative payable
         Surat berharga yang
            diterbitkan                             5.518.386                   -         5.518.386                 -                       Securities issued
         Pinjaman yang diterima                    29.739.959                   -        29.739.959                 -                        Fund borrowing
         Pinjaman subordinasi                                                                                                              Subordinated loan
            dan efek-efek subordinasi               6.322.658                   -         6.322.658                 -                        and securities




                                                                              287
Page 739
                                                                                      The original financial statements included herein are in the
                                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)


46. NILAI WAJAR      ASET                   DAN            LIABILITAS             46. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                               LIABILITIES (continued)

   Tabel di bawah ini menyajikan instrumen keuangan                                     The tables below show the financial instruments
   yang diakui pada nilai wajar berdasarkan hirarki                                     recognized at fair value based on the hierarchy used
   yang digunakan Bank untuk menentukan dan                                             by the Bank in determining and disclosing the fair
   mengungkapkan nilai wajar dari instrumen                                             value of financial instruments: (continued)
   keuangan: (lanjutan)
                                                                31 Desember/December 31, 2023

                                            Nilai Wajar/        Tingkat/            Tingkat/        Tingkat/
                                            Fair Value          Level 1             Level 2         Level 3

     Aset Keuangan                                                                                                                      Financial Assets
     Nilai wajar melalui
         laba rugi                                                                                                        Fair value through profit or loss
           Efek-efek                             1.042.013            501.570            540.443               -                             Securities
           Obligasi pemerintah                   3.796.440          3.796.440                  -               -                    Government bonds

     Total nilai wajar
        laba rugi                                4.838.453          4.298.010           540.443                -     Total fair value through profit or loss

      Aset keuangan yang diukur pada                                                                                           Financial asset held at fair
      nilai wajar melalui penghasilan                                                                                                value through other
      komprehensif lain                                                                                                           comprehensive income
            Efek-efek                            1.928.336         1.928.336                    -              -                             Securities
            Obligasi pemerintah                 12.511.991        12.511.991                    -              -                    Government bonds

      Total Aset keuangan yang
         diukur pada nilai wajar                                                                                          Total financial asset held at fair
         melalui penghasilan                                                                                                          value through other
         komprehensif lain                      14.440.327        14.440.327                    -              -                   comprehensive income


      Diukur pada biaya
         perolehan amortisasi                                                                                                              Amortized cost
          Efek-efek                              2.338.545           228.097                    -      2.110.448                               Securities
          Obligasi pemerintah                   19.502.452        19.502.452                    -              -                       Government bonds
          Efek-efek yang dibeli dengan                                                                                        Securities purchased under
             janji dijual kembali                           -                -                  -              -                   agreement to resell

      Total diukur pada biaya
         perolehan amortisasi                   21.840.997        19.730.549           1.465.771         644.677                     Total Amortized cost



     Tagihan Derivatif                              32.176                   -            32.176               -                  Derivative Receivable


      Kredit yang diberikan dan piutang                                                                                              Loan and receivables
           Kredit yang diberikan. piutang                                                                                               Loan and sharia
           dan pembiayaan Syariah - Net        313.278.241                   -       304.624.202       8.654.039                   financing receivables


     Liabilitas Keuangan                                                                                                             Financial Liabilities
     Surat berharga yang
        diterbitkan                              8.387.536                   -         8.387.536               -                         Securities issued
     Pinjaman yang diterima                     31.075.777                   -        31.075.777               -                          Fund borrowing
     Pinjaman subordinasi                                                                                                               Subordinated loan
        dan efek-efek subordinasi                9.006.404                   -         9.006.404               -                          and securities




                                                                           288
Page 740
                                                                                         The original financial statements included herein are in the
                                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


46. NILAI WAJAR      ASET                     DAN            LIABILITAS             46. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                                 LIABILITIES (continued)

   Tabel di bawah ini menyajikan instrumen keuangan                                       The tables below show the financial instruments
   yang diakui pada nilai wajar berdasarkan hirarki                                       recognized at fair value based on the hierarchy used
   yang digunakan Bank untuk menentukan dan                                               by the Bank in determining and disclosing the fair
   mengungkapkan nilai wajar dari instrumen                                               value of financial instruments: (continued)
   keuangan: (lanjutan)
                                                                  31 Desember/December 31, 2022

                                              Nilai Wajar/         Tingkat/           Tingkat/           Tingkat/
                                              Fair Value           Level 1            Level 2            Level 3

        Aset Keuangan                                                                                                                      Financial Assets
        Nilai wajar melalui
            laba rugi                                                                                                        Fair value through profit or loss
              Efek-efek                              793.831            301.416            492.415                  -                           Securities
              Obligasi pemerintah                 19.591.199         19.591.199                  -                  -                  Government bonds

        Total nilai wajar
           laba rugi                              20.385.030         19.892.615            492.415                  -   Total fair value through profit or loss

        Aset keuangan yang diukur pada                                                                                            Financial asset held at fair
        nilai wajar melalui penghasilan                                                                                                 value through other
        komprehensif lain                                                                                                            comprehensive income
              Efek-efek                              655.293            655.293                    -                -                           Securities
              Obligasi pemerintah                 14.332.949         14.332.949                    -                -                  Government bonds

        Total Aset keuangan yang
           diukur pada nilai wajar                                                                                           Total financial asset held at fair
           melalui penghasilan                                                                                                           value through other
           komprehensif lain                      14.988.242         14.988.242                    -                -                 comprehensive income


        Diukur pada biaya
           perolehan amortisasi                                                                                                               Amortized cost
            Efek-efek                                280.451            280.451                    -                -                             Securities
            Obligasi pemerintah                   17.945.001         17.945.001                    -                -                     Government bonds
            Efek-efek yang dibeli dengan                                                                                         Securities purchased under
               janji dijual kembali                1.434.190          1.434.190                    -                -                 agreement to resell

        Total diukur pada biaya
           perolehan amortisasi                   19.659.642         19.659.642                    -                -                   Total Amortized cost

        Tagihan Derivatif                            103.939                    -          103.939                  -                  Derivative Receivable


        Kredit yang diberikan dan piutang                                                                                               Loan and receivables
             Kredit yang diberikan. piutang                                                                                                Loan and sharia
             dan pembiayaan Syariah - Net       280.702.960                     -      273.798.185          6.904.775                 financing receivables

        Liabilitas Keuangan                                                                                                             Financial Liabilities
        Surat berharga yang
           diterbitkan                             8.828.249                    -        8.828.249                  -                       Securities issued
        Pinjaman yang diterima                    21.731.531                    -       21.731.531                  -                        Fund borrowing
        Pinjaman subordinasi                                                                                                               Subordinated loan
           dan efek-efek subordinasi               8.899.563                    -        8.899.563                  -                         and securities




   a.     Nilai wajar aset dan kewajiban keuangan                                         a.      The fair values of certain financial assets and
          tertentu, kecuali efek-efek dan Obligasi                                                liabilities, except for securities and Government
          Pemerintah yang dimiliki hingga jatuh tempo,                                            Bonds classified as held to maturity, loans, fund
          kredit yang diberikan, pinjaman yang diterima,                                          borrowings, and marketable securities issued
          dan surat berharga yang diterbitkan, mendekati                                          approximate to their carrying values due to their
          nilai tercatatnya karena mempunyai jangka                                               short-term maturities.
          waktu jatuh tempo yang singkat.

         Estimasi nilai wajar terhadap aset keuangan                                              The estimated fair values of certain financial
         tertentu ditetapkan berdasarkan diskonto arus                                            assets are determined based on discounted
         kas dengan menggunakan suku bunga pasar                                                  cash flows using money market interest rates
         uang yang berlaku untuk utang dengan risiko                                              for debt instruments with similar credit risk and
         kredit dan sisa jatuh tempo yang serupa.                                                 remaining maturities.




                                                                              289
Page 741
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


46. NILAI WAJAR      ASET          DAN      LIABILITAS            46. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                               LIABILITIES (continued)

        Estimasi nilai wajar terhadap kewajiban                           The estimated fair values of certain financial
        keuangan tertentu yang tidak memiliki kuotasi di                  obligations which are not quoted in an active
        pasar aktif ditetapkan berdasarkan diskonto                       market are determined based on discounted
        arus kas dengan menggunakan suku bunga                            cash flows using interest rates of instruments
        utang baru dengan sisa jatuh tempo yang                           with similar remaining maturities.
        serupa.

   b.   Kredit yang diberikan                                        b.   Loans

        Portofolio kredit Bank secara umum terdiri dari                   Generally, the Bank’s loan portfolio consists of
        kredit yang diberikan dengan suku bunga                           loans with variable interest rate and short-term
        mengambang dan kredit yang diberikan dengan                       loans with fixed interest rate. Loans are stated
        jangka pendek dengan suku bunga tetap. Kredit                     at amortized cost. The estimated fair value of
        yang diberikan dinyatakan berdasarkan                             loans represents the discounted amount of
        amortized cost. Nilai wajar dari kredit yang                      estimated future cash flows expected to be
        diberikan menunjukkan nilai diskon dari                           received by the Bank using the current market
        perkiraan arus kas masa depan yang                                rates.
        diharapkan akan diterima oleh Bank dengan
        menggunakan suku bunga pasar saat ini.

        Nilai tercatat dari kredit yang diberikan dengan                  The carrying amounts of variable rate 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.
        tetap adalah perkiraan yang layak atas nilai
        wajar.

   c.   Efek-efek dan Obligasi pemerintah                            c.   Securities and Government bonds

        Nilai wajar untuk surat-surat berharga dan                        The fair values of amortized cost marketable
        Obligasi pemerintah yang diukur pada biaya                        securities and Government bonds are based on
        perolehan diamortisasi ditetapkan berdasarkan                     the market prices or broker/dealer price
        harga pasar atau harga kuotasi perantara                          quotations. When this information is not
        (broker)/ pedagang efek (dealer). Jika informasi                  available, the fair value is estimated using
        ini tidak tersedia, nilai wajar diestimasi dengan                 quoted market prices for securities with similar
        menggunakan harga pasar kuotasi efek yang                         credit, maturity and yield characteristics or
        memiliki karakteristik kredit, jatuh tempo dan                    using internal valuation model.
        yield yang serupa atau dinilai dengan
        menggunakan metode penilaian internal.


   d.   Surat-surat   berharga     yang    diterbitkan,              d.   Securities issued, fund borrowings                and
        pinjaman yang diterima dan pinjaman                               subordinated loan and securities
        subordinasi dan efek-efek subordinasi

        Nilai wajar agregat berdasarkan model diskonto                    The aggregate fair values are based on
        arus kas menggunakan tingkat suku bunga                           discounted cash flow model using current
        pasar untuk sisa periode jatuh temponya.                          market rate for the remaining term to maturity.




                                                            290
Page 742
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


47. LABA PER SAHAM                                             47. EARNINGS PER SHARE
   Rekonsiliasi faktor-faktor penentu perhitungan laba              The reconciliation of the factors used in calculating
   per saham dasar untuk tahun yang berakhir tanggal                the basic earnings per share, for the year ended
   31 Desember 2024, 2023 dan 2022 adalah sebagai                   December 31, 2024, 2023 and 2022 are as follows:
   berikut:
                                                  31 Desember/
                                                December 31, 2024
  (i) Laba tahun berjalan                            3.007.328             (a)                        Income for the year (i)
  (ii) Rata-rata tertimbang                                                                            Weighted average (ii)
           saham biasa yang beredar                       14.034           (b)              number of shares outstanding
  (iii) Laba per saham dasar                                 214         (a/b)                 Basic earnings per share (iii)

                                                  31 Desember/
                                                December 31, 2023
  (i) Laba tahun berjalan                            3.500.988             (a)                        Income for the year (i)
  (ii) Rata-rata tertimbang                                                                            Weighted average (ii)
           saham biasa yang beredar                       14.022           (b)              number of shares outstanding
  (iii) Laba per saham dasar                                 249         (a/b)                 Basic earnings per share (iii)

                                                  31 Desember/
                                                December 31, 2022
  (i) Laba tahun berjalan                            3.045.073             (a)                        Income for the year (i)
  (ii) Rata-rata tertimbang                                                                            Weighted average (ii)
           saham biasa yang beredar                       10.590           (b)              number of shares outstanding
  (iii) Laba per saham dasar                                 288         (a/b)                 Basic earnings per share (iii)

   Pada tanggal 31 Desember 2024, 2023, dan 2022,                    On December 31, 2024, 2023, and 2022, there
   tidak terdapat opsi saham yang beredar, sehingga                  were no outstanding stock options; therefore, there
   tidak ada saham dilusian yang perlu diperhitungkan.               are no diluted shares to be considered.


48. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN                      48. SIGNIFICANT                AGREEMENTS                  AND
                                                                   CONTINGENCIES
   a.   Perjanjian Signifikan                                       a.     Significant Agreements
        Pada tanggal 12 Desember 2024, Bank                                On December 12, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Nindya                             agreement with PT Nindya Karya regarding the
        Karya sehubungan dengan Jasa Kontraktor                            Construction Contractor Services of Branch
        Pembangunan Gedung Bank BTN KC Kelapa                              Kelapa Gading Square with a contract value of
        Gading Square dengan nilai kontrak sebesar                         Rp132,001.
        Rp132.001.
        Pada tanggal 20 November 2024, Bank                                On November 20, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Brantas                            agreement with PT Brantas Abipraya regarding
        Abipraya sehubungan dengan Jasa Kontraktor                         the Construction Contractor Services of Branch
        Pembangunan KC Kebon Jeruk dengan nilai                            Kebon Jeruk with a contract value of
        kontrak sebesar Rp121.500.                                         Rp121,500.

        Pada tanggal 5 November 2024, Bank                                 On November 5, 2024, the Bank signed an
        mengadakan        perjanjian    dengan     PT                      agreement with PT Pembangunan Perumahan
        Pembangunan        Perumahan      sehubungan                       regarding the Construction Contractor Services
        dengan      Jasa      Kontraktor    Pekerjaan                      of BTN Eco Park Gandul (fase 1) with a contract
        Pembangunan BTN Eco Park Gandul (Tahap 1)                          value of Rp322,899.
        dengan nilai kontrak sebesar Rp322.899.

        Pada tanggal 29 Oktober 2024, Bank                                 On October 29, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Binayasa                           agreement with PT Binayasa Putrabatara
        Putrabatara   sehubungan     dengan    Jasa                        regarding the Renovation Work Contractor
        Kontraktor Pekerjaan Renovasi Menara 2 BTN                         Services of Menara 2 Kuningan with a contract
        Kuningan dengan nilai kontrak sebesar                              value of Rp22,700.
        Rp22.700.

                                                         291
Page 743
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


48. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN                     48. SIGNIFICANT      AGREEMENTS                         AND
    (lanjutan)                                                    CONTINGENCIES (continued)

   a.   Perjanjian Signifikan (lanjutan)                        a.   Significant Agreements (continued)

        Pada tanggal 28 Oktober 2024, Bank                           On October 28, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Casa Prima                   agreement with PT Casa Prima Indonesia
        Indonesia sehubungan dengan Jasa Kontraktor                  regarding the Relayout Renovation Work
        Renovasi Kantor KC Tanjungpinang dengan                      Contractor Services of Tanjungpinang KC with
        nilai kontrak sebesar Rp13.280.                              a contract value of Rp13,280
        Pada tanggal 14 Oktober 2024, Bank                           On Octoberr 14, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Brantas                      agreement with PT Brantas Abipraya regarding
        Abipraya sehubungan dengan Jasa Kontraktor                   the Construction Contractor Services of BTN
        Pekerjaan Pembangunan Learning Center                        Learning Center Bandung (fase 1) with a
        Bandung (Tahap 1) dengan nilai kontrak                       contract value of Rp100,500.
        sebesar Rp100.500.

        Pada tanggal 2 Oktober 2024, Bank                            On October 2, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Casa Prima                   agreement with PT Casa Prima Indonesia
        Indonesia sehubungan dengan Jasa Kontraktor                  regarding the Relayout Renovation Work
        Renovasi Kantor KC Surabaya dengan nilai                     Contractor Services of Surabaya KC with a
        kontrak sebesar Rp13.700.                                    contract value of Rp13,700
        Pada tanggal 24 September 2024, Bank                         On September 24, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Neocelindo                   agreement with PT Neocelindo Intibeton
        Intibeton sehubungan dengan Jasa Kontraktor                  regarding the Construction Contractor Services
        Pembangunan Kantor Wilayah 6 dengan nilai                    of Regional Office 6 with a contract value of
        kontrak sebesar Rp61.500.                                    Rp61,500.
        Pada tanggal 26 Juli 2024, Bank mengadakan                   On July 26, 2024, the Bank signed an
        perjanjian dengan PT Casa Prima Indonesia                    agreement with PT Casa Prima Indonesia
        sehubungan      dengan     Jasa    Kontraktor                regarding the Relayout Renovation Work
        Pekerjaan Renovasi Relayout KC Banjarmasin                   Contractor Services of Banjarmasin KC with a
        dengan nilai kontrak sebesar Rp11.100.                       contract value of Rp11,100.

        Pada tanggal 8 Juli 2024, Bank mengadakan                    On July 8, 2024, the Bank signed an agreement
        perjanjian dengan PT Patroon Arsindo                         with PT Patroon Arsindo regarding the Detail
        sehubungan     dengan     Jasa     Konsultan                 Engineering Design (DED), RAB, BQ and RKS
        Perencana Detail Engineering Design (DED),                   Planning Consultant Services for Phase 1
        RAB, BQ dan RKS Pembangunan Fase 1 BTN                       Development of BTN Eco Park Gandul with a
        Eco Park Gandul dengan nilai kontrak sebesar                 contract value of Rp17,700.
        Rp17.700.

        Pada tanggal 24 Juni 2024, Bank mengadakan                   On June 24, 2024, the Bank signed an
        perjanjian dengan PT Victory Utama Karya                     agreement with PT Victory Utama Karya
        sehubungan     dengan      Jasa    Kontraktor                regarding BTN Tower 2 Division Workspace
        Pekerjaan Renovasi Ruang Kerja Divisi Menara                 Renovation Contractor Services with a contract
        2 BTN dengan nilai kontrak sebesar Rp26.930.                 value of Rp26,930




                                                        292
Page 744
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


48. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN                      48. SIGNIFICANT      AGREEMENTS                         AND
    (lanjutan)                                                     CONTINGENCIES (continued)

   a.   Perjanjian Signifikan (lanjutan)                         a.   Significant Agreements (continued)

        Pada tanggal 24 Juni 2024, Bank mengadakan                    On June 24, 2024, the Bank signed an
        perjanjian dengan PT Binayasa Putrabatara                     agreement with PT Binayasa Putrabatara
        sehubungan      dengan      Jasa   Kontraktor                 regarding the Renovation Work Contractor
        Pekerjaan Renovasi KC Jakarta Kuningan dan                    Services for the Jakarta Kuningan KC and
        Kantor Wilayah II di Menara 2 BTN dengan nilai                Regional Office II at Menara 2 BTN with a
        kontrak sebesar Rp18.000.                                     contract value of Rp18,000.
        Pada tanggal 31 Mei 2024, Bank mengadakan                     On May 31, 2024, the Bank signed an
        perjanjian dengan PT Casa Prima Indonesia                     agreement with PT Casa Prima Indonesia
        sehubungan     dengan     Jasa   Kontraktor                   regarding    BTN KC Kupang Building
        Pekerjaan Pembangunan Gedung BTN KC                           Construction Work Contractor Services with a
        Kupang dengan nilai kontrak sebesar                           contract value of Rp47,550.
        Rp47.550.

        Pada tanggal 23 Mei 2024, Bank mengadakan                     On May 23, 2024, the Bank signed an
        perjanjian dengan PT Usaha Gedung Mandiri                     agreement with PT Usaha Gedung Mandiri
        sehubungan      dengan    Jasa   Kontraktor                   regarding Contractor Services for Meeting
        Pekerjaan Ruang Rapat Lantai 30 dan 32                        Room Work on Floors 30 and 32 of Tower 2
        menara 2 BTN dengan nilai kontrak sebesar                     BTN with a contract value of Rp11,785.
        Rp11.785.
        Pada tanggal 14 Mei 2024, Bank mengadakan                     On May 14, 2024, the Bank signed an
        perjanjian dengan PT Casa Prima Indonesia                     agreement with PT Casa Prima Indonesia
        sehubungan      dengan     Jasa    Kontraktor                 regarding KCS Lhokseumawe Renovation
        Pekerjaan Renovasi KCS Lhokseumawe                            Work Contractor Services with a contract value
        dengan nilai kontrak sebesar Rp10.500.                        of Rp10,500.

        Pada tanggal 2 Mei 2024, Bank mengadakan                      On May 2, 2024, the Bank signed an
        perjanjian dengan PT Integra Dayacipta                        agreement with PT Integra Dayabuat
        Grahatama    sehubungan    dengan   Jasa                      Grahatama in connection with Regional Office I
        Kontraktor Pekerjaan Pembangunan Kantor                       Construction Work Contractor Services with a
        Wilayah I dengan nilai kontrak sebesar                        contract value of Rp53,500.
        Rp53.500.
        Pada tanggal 20 Februari 2024, Bank                           On February 20 2024, the Bank signed an
        mengadakan perjanjian dengan PT Neocelindo                    agreement with PT Neocelindo Intibeton
        Intibeton sehubungan dengan Jasa Kontraktor                   regarding Bank BTN KC Cibubur Building
        Pekerjaan Pembangunan Gedung Bank BTN                         Construction Work Contractor Services with
        KC Cibubur dengan nilai kontrak sebesar                       contract value of Rp47,280.
        Rp47.280.

        Pada tanggal 12 Januari 2024, Bank                            On January 12 2024, the Bank signed an
        mengadakan perjanjian dengan PT Casa Prima                    agreement with PT Casa Prima Indonesia
        Indonesia sehubungan dengan Jasa Kontraktor                   regarding Contractor Services for the
        Pekerjaan Pembangunan Gedung Record                           Construction of the Record Center Building,
        Center, KCP dan Rumah Dinas Di Lahan                          KCP and Official Homes on Soekarno Hatta
        Soekarno Hatta Bandung dengan nilai kontrak                   Land, Bandung with contract value of
        sebesar Rp41.150.                                             Rp41,150.

        Pada tanggal 11 Januari 2024, Bank                            On January 11, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Binayasa                      agreement with PT Binayasa Putrabatara in
        Putrabatara   sehubungan   dengan   Jasa                      connection    with     Bank    BTN     KC
        Kontraktor Pekerjaan Pembangunan Gedung                       Pematangsiantar Building Construction Work
        Bank BTN KC Pematangsiantar dengan nilai                      Contractor Services with contract value of
        kontrak sebesar Rp42.300.                                     Rp42,300.




                                                         293
Page 745
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


48. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN                     48. SIGNIFICANT      AGREEMENTS                         AND
    (lanjutan)                                                    CONTINGENCIES (continued)

   a.   Perjanjian Signifikan (lanjutan)                        a.   Significant Agreements (continued)

        Pada tanggal 10 Januari 2024, Bank                           On January 10, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Binayasa                     agreement with PT Binayasa Putrabatara
        Putrabatara sehubungan dengan Sentralisasi                   regarding the Centralization of Procurement of
        Pengadaan Building Management Kantor                         Building Management for Region VI Office with
        Wilayah VI dengan nilai kontrak sebesar                      contract value of Rp56,850.
        Rp56.850.
        Pada tanggal 10 Januari 2024, Bank                           On January 10, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Binayasa                     agreement with PT Binayasa Putrabatara
        Putrabatara sehubungan dengan Sentralisasi                   regarding the Centralization of Procurement of
        Pengadaan Building Management Kantor                         Building Management for Region IV Office with
        Wilayah IV dengan nilai kontrak sebesar                      contract value of Rp91,500.
        Rp91.500.
        Pada tanggal 10 Januari 2024, Bank                           On January 10, 2024, the Bank signed an
        mengadakan perjanjian dengan PT Binayasa                     agreement with PT Binayasa Putrabatara
        Putrabatara sehubungan dengan Sentralisasi                   regarding the Centralization of Procurement of
        Pengadaan Building Management Kantor                         Building Management for Region I Office with
        Wilayah I dengan nilai kontrak sebesar                       contract value of Rp176,246.
        Rp176.246.
        Pada tanggal 19 Desember 2023, Bank                          On December 19, 2023, Bank signed an
        mengadakan perjanjian dengan PT Multipolar                   agreement with PT Multipolar Technology Tbk
        Technology     Tbk     sehubungan    dengan                  in relation to re-procurement of PC Desktop
        Pengadaan Ulang PC Desktop dan Notebook                      and Notebook with Seat Management Scheme
        Bank BTN dengan Skema Seat Management                        with contract value of Rp115,980.
        dengan nilai kontrak sebesar Rp115.980.
        Pada tanggal 4 Desember 2023, Bank                           On December 4, 2023, Bank signed an
        mengadakan perjanjian dengan PT Sinergy                      agreement with PT Sinergy Information
        Informasi Pratama sehubungan dengan                          Pratama in relation to procurement of Cash
        Pengadaan Cash Recycle Machine (CRM)                         Recycle Machine (CRM) 2023 with contract
        Tahun 2023 dengan nilai kontrak sebesar                      value of Rp133,863.
        Rp133.863.
        Pada tanggal 11 Juli 2023, Bank mengadakan                   On July 11, 2023, Bank signed an agreement
        perjanjian dengan PT Berkat Manunggal Energi                 with PT Berkat Manunggal Energi regarding the
        sehubungan dengan pengadaan penggantian                      procurement of generator replacement for the
        genset Gedung Menara BTN dengan nilai                        BTN Tower Building with a contract value of Rp
        kontrak Rp 13.986.                                           13,986.
        Pada tanggal 15 Maret 2023, Bank                              On March 15, 2023, Bank signed an agreement
        mengadakan        perjanjian   dengan     PT                  with PT Telekomunikasi Indonesia in
        Telekomunikasi Indonesia sehubungan dengan                    connection with the procurement of a third year
        pengadaan      perpanjangan    sewa    lokasi                 Sentul Data Center collocation lease with a
        (collocation) Data Center Sentul tahun ketiga                 contract value of Rp10,638.
        dengan nilai kontrak Rp10.638.
        Pada tanggal 20 Februari 2023, Bank                          On February 20, 2023, Bank signed an
        mengadakan perjanjian dengan PT Trees                        agreement with PT Trees Solutions in
        Solutions sehubungan dengan pengadaan                        connection with the re-procurement of
        ulang Integrated End to End Procurement                      Integrated End to End Procurement with a
        dengan nilai kontrak Rp30.669.                               contract value of Rp30,669.




                                                        294
Page 746
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


48. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN                        48. SIGNIFICANT      AGREEMENTS                         AND
    (lanjutan)                                                       CONTINGENCIES (continued)

   a.   Perjanjian Signifikan (lanjutan)                           a.    Significant Agreements (continued)

        Pada tanggal 8 Februari 2023, Bank                               On February 8, 2023, Bank signed an
        mengadakan perjanjian dengan PT Multipolar                       agreement with PT Multipolar Technology in
        Technology sehubungan dengan pengadaan                           connection with the procurement of network
        peremajaan       perangkat network    dan                        equipment upgrades and standardization of
        standarisasi LAN Menara Bank BTN dengan                          Bank BTN Tower LAN with a contract value of
        nilai kontrak Rp39.575.                                          Rp39,575.
        Pada tanggal 3 Februari 2023, Bank                               On February 3, 2023, Bank signed an
        mengadakan perjanjian dengan PT Binayasa                         agreement with PT Binayasa Putra Batara in
        Putra Batara sehubungan dengan Jasa                              relation to contractor services of construction for
        Kontraktor Pekerjaan Pembangunan KC                              the Bank BTN KC Cirebon Building with contract
        Cirebon dengan nilai kontrak Rp39.100.                           value of Rp39,100.
        Pada tanggal 6 Januari 2023, Bank                                On January 6, 2023, Bank signed an agreement
        mengadakan perjanjian dengan PT Binayasa                         with PT Binayasa Putra Batara in relation to
        Putra Batara sehubungan dengan Jasa                              contractor services of renovation for the Bank
        kontraktor pekerjaan renovasi     Gedung                         BTN Tanah Abang Pusdiklat Building with
        Pusdiklat Bank BTN Tanah Abang dengan nilai                      contract value of Rp30,500.
        kontrak sebesar Rp30.500.


   b.   Liabilitas Kontinjensi                                      b.   Contingent Liabilities

        Dalam       melakukan     usahanya,       Bank                   In conducting its business, the Bank is a
        menghadapi berbagai perkara hukum dan                            defendant with various litigation proceedings
        tuntutan di mana Bank sebagai tergugat,                          and legal claims mainly with respect to matters
        terutama sehubungan dengan kepatuhan                             of contractual compliance. Although there is no
        dengan kontrak. Walaupun belum ada                               clear assurance yet, the Bank believes that
        kepastian yang jelas, Bank berpendapat bahwa                     based on information currently available, the
        berdasarkan informasi yang ada dan keputusan                     ultimate resolution of these legal proceedings
        terakhir dari perkara bahwa tuntutan hukum ini                   and legal claims will not likely have a material
        tidak akan berdampak secara material pada                        effect on the operations, financial position or
        operasi, posisi keuangan atau tingkat likuiditas                 liquidity level of Bank
        Bank.

        Pada tanggal-tanggal 31 Desember 2024, 2023                      As of December 31, 2024, 2023 and 2022,
        dan 2022, Bank telah membentuk cadangan                          Bank has established an allowance (included in
        (disajikan dalam akun “Liabilitas Imbalan Kerja                  “Employee Benefits and Other Liabilities”) for
        dan Lain-lain”) untuk sejumlah tuntutan hukum                    several pending lawsuits filed against Bank
        yang belum diputuskan masing-masing adalah                       amounted to Rp66,205, Rp95,209 and
        sebesar Rp66.205, Rp95.209 dan Rp160.209.                        Rp160,209.

        Manajemen berpendapat bahwa jumlah                               Management believes that the allowance is
        cadangan yang dibentuk atas kemungkinan                          adequate to cover possible losses arising from
        timbulnya kerugian akibat tuntutan hukum yang                    pending litigations or legal claims that are
        belum diputuskan atau masih dalam proses                         currently in progress.
        tersebut telah memadai.




                                                           295
Page 747
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


49. PERNYATAAN    STANDAR    AKUNTANSI                          49. REVISED AND ISSUED STATEMENTS                         OF
    KEUANGAN   YANG  DIKELUARKAN  DAN                               FINANCIAL ACCOUNTING STANDARDS
    DIREVISI

   Amandemen dan Penyesuaian Pernyataan Standar                   The amendments and adjustments to Statement of
   Akuntansi Keuangan (PSAK) baru yang telah                      Financial Accounting Standards (SFAS) that have
   disahkan oleh Dewan Standar Akuntansi Keuangan                 been approved by the Financial Accounting
   (DSAK) - Ikatan Akuntan Indonesia (IAI), tetapi                Standards Board (IFAS) - Indonesian Institute of
   belum berlaku efektif untuk laporan keuangan                   Accountants (IAI), but have not been effective for
   selama tahun berjalan diungkapkan di bawah ini.                financial statements during the year are disclosed
                                                                  below.

   Bank bermaksud untuk menerapkan amendemen                      The Bank intends to implement the amendments
   dan penyesuaian PSAK tersebut, jika dipandang                  and adjustments to the SFAS, if it is deemed
   relevan, saat telah menjadi efektif. Berlaku efektif           relevant, when they become effective.
   setelah tanggal 1 Januari 2025:

   Berlaku efektif pada atau setelah tanggal                       Effective on or after January 1, 2025:
   1 Januari 2025:

   a.   Amandemen PSAK No. 221 “Pengaruh                           a.   Amendment to SFAS No. 221 “The Effect of
        Perubahan Kurs Valuta Asing tentang                             Changes in Foreign Exchange Rates on the
        Kekurangan Ketertukaran”. Penerapan lebih                       Lack of Convertibility”. Early application is
        dini diperkenankan.                                             permitted.

   Berlaku efektif pada atau setelah tanggal                       Effective on or after January 1, 2026:
   1 Januari 2026:

   a.   PSAK 109, “Instrumen Keuangan” dan                         a. SFAS 109, "Financial Instruments," and
        PSAK     107       “Instrumen       Keuangan                  SFAS 107, "Financial Instruments: Disclosures
        Pengungkapan     tentang    Klasifikasi  dan                  about the Classification and Measurement of
        Pengukuran Instrumen Keuangan”.                               Financial Instruments."

        Amendemen        ini    menambahkan       dan                   These amendments adding and clarify
        mengklarifikasi ketentuan dalam PSAK 109                        statement in SFAS 109 regarding derecognition
        terkait penghentian pengakuan liabilitas                        of financial liabilities, as well as clarify the
        keuangan, serta mengklarifikasi penilaian                       assessment of cash flow characteristics for
        karakteristik arus kas untuk aset keuangan                      financial assets with ESG-linked features,
        dengan fitur ESG-linked, aset keuangan                          financial assets with non-recourse features,
        dengan fitur non-recourse, dan instrumen yang                   and contractually bound instruments such as
        terikat secara kontraktual seperti tranche.                     tranches. The amendments also revise the
        Amendemen ini juga mengubah ketentuan                           statement in SFAS 107 regarding the
        dalam PSAK 107 terkait persyaratan                              disclosure requirements for investments in
        pengungkapan investasi pada instrumen                           equity instruments measured at fair value
        ekuitas yang diukur pada nilai wajar melalui                    through other comprehensive income and
        penghasilan komprehensif lain dan menambah                      adding statament related to financial
        ketentuan terkait instrumen keuangan dengan                     instruments with contractual terms that alter the
        persyaratan kontraktual yang mengubah waktu                     timing or amount of contractual cash flows.
        atau jumlah arus kas kontraktual.

   Pada saat penerbitan laporan keuangan, Bank                     As at the authorization date of this financial
   masih mempelajari dampak yang mungkin timbul                    statements, the Bank is still evaluating the potential
   dari penerapan standar revisi tersebut serta                    impact of these revised standards to the Bank’s
   pengaruhnya pada laporan keuangan Bank.                         financial statements.




                                                          296
Page 748
                                                                                            The original financial statements included herein are in the
                                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                               unless otherwise stated)


50. TAMBAHAN INFORMASI ARUS KAS                                                       50. SUPPLEMENTARY CASH FLOW INFORMATION

    Perubahan pada liabilitas yang timbul dari aktivitas                                     Changes in liabilities arising from financing activities
    pendanaan pada laporan arus kas adalah sebagai                                           in the cash flow statement are as follows:
    berikut:
                                                          Arus Kas/Cash Flow

                                   1 Januari/        Penerimaan/            Pembayaran/           Perubahan Non-Kas/ 31 Desember/
                                 January 1, 2024      Receipts                Payment             Non-Cash Changes December 31, 2024

  Surat berharga
    yang diterbitkan                     8.272.098          680.913                (3.572.500)               64.013            5.444.524    Securities issued
                                                                                                                                               Securities Sold
  Efek-efek yang dijual dengan                                                                                                           Under Repurchase
    janji dibeli kembali                        -       143.153.604               (139.744.766)                  588           3.409.426     Agreements
  Pinjaman yang diterima               33.762.089        11.144.193                (11.385.262)             (35.936)          33.485.084    Fund Borrowings
  Pinjaman Subordinasi dan                                                                                                                Subordinated loans
    efek-efek subordinasi                9.112.837                      -           (3.000.000)             215.268            6.328.105     and securities
                                                                                                                                                  Payment of
  Pembayaran Liabilitas Sewa              186.696                   -                      (93.408)          72.418              165.706     Lease liability

  Total                                51.333.720        154.978.710              (157.795.936)             316.351           48.832.845                    Total


                                                          Arus Kas/Cash Flow

                                   1 Januari/        Penerimaan/            Pembayaran/           Perubahan Non-Kas/ 31 Desember/
                                 January 1, 2023      Receipts                Payment             Non-Cash Changes December 31, 2023

  Surat berharga
    yang diterbitkan                     8.652.260         2.449.019               (2.769.764)              (59.417)           8.272.098       Securities issued
                                                                                                                                                  Securities Sold
  Efek-efek yang dijual dengan                                                                                                              Under Repurchase
    janji dibeli kembali                         -        67.691.353              (67.766.743)                75.390                   -        Agreements
  Pinjaman yang diterima               24.821.005         11.185.162               (2.187.576)              (56.502)          33.762.089       Fund Borrowings
  Pinjaman Subordinasi dan                                                                                                                   Subordinated loans
    efek-efek subordinasi                9.158.219                      -                    -              (45.382)            9.112.837       and securities
                                                                                                                                                     Payment of
  Pembayaran Liabilitas Sewa              167.633                       -              (81.973)             101.036              186.696           Lease liability

  Total                                42.799.117         81.325.534              (72.806.056)               15.125           51.333.720                    Total


                                                          Arus Kas/Cash Flow

                                   1 Januari/        Penerimaan/            Pembayaran/           Perubahan Non-Kas/     31 Desember/
                                 January 1, 2022      Receipts                Payment             Non-Cash Changes     December 31, 2022

  Surat Berharga
    yang Diterbitkan                   12.371.708          1.541.330                (5.263.000)               2.222            8.652.260       Securities Issued
                                                                                                                                                Securities Sold
  Efek-efek yang dijual dengan                                                                                                              Under repurchase
    janji dibeli kembali                        -                  592.326            (592.326)                   -                    -         agreements
  Pinjaman yang diterima               22.062.291                   11.814.826      (9.095.884)              39.772           24.821.005     Fund borrowings

  Pinjaman subordinasi dan                                                                                                                    Subordinated loans
    efek-efek subordinasi                8.759.744                      -                    -              398.475             9.158.219       and securities
                                                                                                                                                     Payment of
  Pembayaran liabilitas sewa              126.348                       -              (84.983)             126.268              167.633        Lease liability

  Total                                43.320.091         13.948.482               (15.036.193)             566.737           42.799.117                    Total




                                                                            297
Page 749
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


51. INFORMASI TAMBAHAN                                          51. ADDITIONAL INFORMATION

   Informasi tambahan berikut merupakan informasi                     The following additional information is information
   yang tidak dipersyaratkan untuk diungkapkan oleh                   that is not required to be disclosed by Indonesian
   Standar Akuntansi Keuangan di Indonesia.                           Accounting Standards. Such additional information
   Informasi tersebut disusun sesuai dengan regulasi                  mas prepared in accordance with regulations of
   Otoritas Jasa Keuangan.                                            Financial Service Authority.

   a. Giro Wajib Minimum (GWM)                                        a. Minimum Reserve Requirements (GWM)
       Rasio GWM Bank pada tanggal 31 Desember                              The minimum reserve requirement ratios of the
       2024, 2023 dan 2022 adalah sebagai berikut:                          Bank as of December 31, 2024, 2023 and 2022,
                                                                            are as follows:
                                31 Desember/        31 Desember/           31 Desember/
                              December 31, 2024   December 31, 2023      December 31, 2022

   Konvensional                                                                                                       Conventional
     Rupiah                                                                                                             Rupiah
     Utama                              5,38%                 6,04%                 8,28%                              Primary
     Harian                             0,38%                 0,24%                 0,18%                                 Daily
     Rata-rata                          5,00%                 5,80%                 8,10%                             Average
     PLM                               12,73%                 9,66%                16,17%                                 PLM
     Dolar Amerika Serikat              4,18%                 4,40%                 4,13%                  United States Dollar
   Syariah                                                                                                                  Sharia
     Rupiah                             4,70%                 6,10%                 7,76%                              Rupiah


       Saldo giro pada Bank Indonesia disediakan                            Current accounts with Bank Indonesia are
       untuk memenuhi persyaratan Giro Wajib                                maintained to comply with Bank Indonesia’s
       Minimum (GWM) dari Bank Indonesia.                                   Minimum Legal Reserve Requirements (GWM).
       Rasio GWM pada tanggal 31 Desember 2024,                             The calculation of the GWM ratios as of
       2023 dan 2022 dihitung berdasarkan Peraturan                         December 31, 2024, 2023 and 2022 is based
       Bank Indonesia No. 20/3/PBI/2018 tanggal 29                          on Bank Indonesia regulation (PBI) No.
       Maret 2018 yang telah diubah beberapa kali,                          20/3/PBI/2018 dated March 29, 2018, which
       terakhir dengan PBI No. 24/4/PBI/2022 tanggal                        has been amended several times, the latest
       25 Februari 2022. PBI tersebut dijelaskan oleh                       with PBI No. 24/4/PBI/2022 dated February 25,
       Peraturan Anggota Dewan Gubernur (PADG)                              2022. The PBI is explained by Regulations of
       No. 20/10/PADG/2018 tanggal 31 Mei 2018                              Members of 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        No.                       PADG No. 20/30/PADG/2018 dated November
       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 21                             July 29, 2020, PADG No.23/27/PADG/2021
       Desember 2021, PADG No. 24/3/PADG/2022                               dated December 21, 2021, PADG No.
       tanggal    1 Maret      2022,    PADG      No.                       24/3/PADG/2022 dated March 1, 2022, PADG
       24/8/PADG/2022 tanggal 30 Juni 2022, PADG                            No. 24/8/PADG/2022 dated June 30, 2022,
       No. 2 Tahun 2023 tanggal 24 Maret 2023 dan                           PADG No. 2 year of 2023 dated March 24, 2023
       perubahan terakhir pada PADG No. 12 Tahun                            and the latest amendment by PADG No.12 year
       2023 tanggal 1 Oktober 2023 tentang “Giro                            of 2023 dated October 1, 2023 regarding
       Wajib Minimum dalam Rupiah dan Valuta Asing                          “Minimum Statutory Reserve Requirements in
       bagi Bank Umum Konvensional, Bank Umum                               Rupiah      and    Foreign   Currencies    of
       Syariah, dan Unit Usaha Syariah”.                                    Conventional Commercial Banking, Sharia
                                                                            Commercial Banking and Sharia Business
                                                                            Units”.




                                                        298
Page 750
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                              51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut merupakan informasi                 The following additional information is information
   yang tidak dipersyaratkan untuk diungkapkan oleh               that is not required to be disclosed by Indonesian
   Standar Akuntansi Keuangan di Indonesia.                       Accounting Standards. Such additional information
   Informasi tersebut disusun sesuai dengan regulasi              mas prepared in accordance with regulations of
   Otoritas Jasa Keuangan. (lanjutan)                             Financial Service Authority. (continued)

   a. Giro Wajib Minimum (GWM) (lanjutan)                         a.    Minimum Reserve Requirements (GWM)
                                                                        (continued)

       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 September
       perubahan terakhir PADG No. 11 tahun 2023                        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 of 3.20%
       dipenuhi secara harian sebesar 3,20% (tiga                       (three point two percent) and the obligation to
       koma dua persen) dan kewajiban pemenuhan                         fulfill the statutory reserve in rupiah based on
       GWM        dalam rupiah berdasarkan prinsip                      sharia principles is 2.50% (two point five
       syariah sebesar 2,50% (dua koma lima persen).                    percent). This incentive is given to Banks that
       Insentif bagi Bank yang melakukan penyediaan                     provide funds for certain and inclusive
       dana untuk kegiatan ekonomi tertentu dan                         economic activities as stipulated by Bank
       inklusif ditetapkan oleh Bank Indonesia dan                      Indonesia and are valid from December 1, 2023
       berlaku mulai 1 Desember 2023 sampai dengan                      to February 29, 2024.
       29 Februari 2024.

       Pada tanggal-tanggal 31 Desember 2024, 2023                      As of December 31, 2024, 2023 and 2022,
       dan 2022, sesuai dengan ketentuan Bank                           based on the above Bank Indonesia
       Indonesia tersebut di atas, Bank harus                           regulations, the Bank is required to maintain
       memenuhi persyaratan GWM Utama dalam                             primary GWM in Rupiah amounting to 5.00%,
       Rupiah masing-masing sebesar 5,00%, 5,80%                        5.80% and 8.10%, respectively, while GWM for
       dan 8,10%, sedangkan untuk mata uang asing                       foreign currency amounting to 4.00%, 4.00%
       masing-masing sebesar 4,00%, 4,00% dan                           and 4.00%, respectively. PLM amounting to
       4,00%. Untuk PLM adalah sebesar 4,00%,                           4,00%, 5.00% and 6.00% in Rupiah as of
       5,00% dan 6,00% dalam Rupiah pada tanggal                        December 31, 2024, 2023 and 2022.
       31 Desember 2024, 2023 dan 2022.




                                                         299
Page 751
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                              51. ADDITIONAL INFORMATION (continued)
   Informasi tambahan berikut merupakan informasi                 The following additional information is information
   yang tidak dipersyaratkan untuk diungkapkan oleh               that is not required to be disclosed by Indonesian
   Standar Akuntansi Keuangan di Indonesia.                       Accounting Standards. Such additional information
   Informasi tersebut disusun sesuai dengan regulasi              mas prepared in accordance with regulations of
   Otoritas Jasa Keuangan. (lanjutan)                             Financial Service Authority. (continued)
   a. Giro Wajib Minimum (GWM) (lanjutan)                         a.    Minimum Reserve Requirements (GWM)
                                                                        (continued)
       Pada tanggal-tanggal 31 Desember 2024, 2023                      As of December 31, 2024, 2023 and 2022,
       dan 2022, sesuai dengan ketentuan Bank                           based on the Bank Indonesia regulations, for
       Indonesia tersebut berdasarkan prinsip syariah,                  sharia principle, The Bank is required to
       Bank harus memenuhi persyaratan GWM                              maintain GWM in Rupiah of 7.50%, 5.00% and
       dalam Rupiah masing-masing sebesar 7,50%,                        7.50%. For foreign currencies of 1.00%, 1.00%
       5,00% dan 7,50%. Untuk mata uang asing                           and 1.00%, respectively.
       masing-masing sebesar 1,00%, 1,00% dan
       1,00%.
       Pada tanggal-tanggal 31 Desember 2024, 2023                      As of December 31, 2024, 2023 and 2022, The
       dan 2022, Bank juga harus memenuhi                               Bank must also comply with Bank Indonesia
       Peraturan Bank Indonesia (PBI) No.                               Regulation (PBI) No. 20/4/PBI/2018 dated
       20/4/PBI/2018 tanggal 29 Maret 2018 tentang                      March 29, 2018 regarding “Macroprudential
       “Rasio Intermediasi Makroprudensial dan                          Intermediation Ratios and Macroprudential
       Penyangga Likuiditas Makroprudensial bagi                        Liquidity Buffers for Conventional Commercial
       Bank Umum Konvensional, Bank Umum                                Banks, Sharia Commercial Banks, and Sharia
       Syariah, dan Unit Usaha Syariah” sebagaimana                     Business Unit” which has been amended with
       telah diubah dengan PBI No. 21/12/PBI/2019                       PBI 21/12/PBI/2019 dated November 25, 2019,
       tanggal 25 November 2019, PBI No.                                PBI No. 22/17/PBI/2020 dated September 30,
       22/17/PBI/2020 tanggal 30 September 2020,                        2020 and PBI 24/16/PBI/2022 dated November
       dan PBI No.24/16/PBI/2022 tanggal 1                              1, 2022, which is explained through PADG
       November 2022 yang dijelaskan melalui                            No. 21/22/PADG/2019 dated November 28,
       Peraturan     Anggota     Dewan      Gubernur                    2019 which has been amended with PADG
       No.21/22/PADG/2019 tanggal 28 November                           No. 21/11/PADG/2020 dated April 29, 2020,
       2019 yang telah diubah dengan PADG No.                           PADG No. 22/30/PADG/2020 dated October 5,
       21/11/PADG/2020 tanggal 29 April 2020, PADG                      2020, PADG No. 23/7/PADG/2021 dated April
       22/30/PADG/2020 tanggal 5 Oktober 2020,                          26, 2021, PADG No. 23/31/PADG/2021 dated
       PADG No. 23/7/PADG/2021 tanggal 26 April                         December 31, 2021 and the latest amendment
       2021, PADG No. 23/31/PADG/2021 tanggal 31                        by PADG 24/14/PADG/2022 dated November
       Desember 2021 dan perubahan terakhir PADG                        1,    2022      concerning    “Macroprudential
       No. 24/14/PADG/2022 tanggal 1 November                           Intermediation Ratio and Macroprudential
       2022      tentang     “Rasio      Intermediasi                   Liquidity Buffer for Conventional Commercial
       Makroprudensial dan Penyangga Likuiditas                         Banks, Sharia Commercial Banks, and Sharia
       Makroprudensial      bagi     Bank      Umum                     Business Units”.
       Konvensional, Bank Umum Syariah, dan Unit
       Usaha Syariah”.
       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 Bank dari GWM Primer, GWM LFR dan                         reserve which represents the excess reserve of
       Rasio Intermediasi Makroprudensial (RIM).                        the Bank’s Current Accounts in Rupiah over the
                                                                        Primary Minimum Statutory Reserve, Minimum
                                                                        Statutory Reserve on LFR and Macroprudential
                                                                        Intermediation Ratio (RIM).

                                                         300
Page 752
                                                                                The original financial statements included herein are in the
                                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                     PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                 unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                       51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut merupakan informasi                               The following additional information is information
   yang tidak dipersyaratkan untuk diungkapkan oleh                             that is not required to be disclosed by Indonesian
   Standar Akuntansi Keuangan di Indonesia.                                     Accounting Standards. Such additional information
   Informasi tersebut disusun sesuai dengan regulasi                            mas prepared in accordance with regulations of
   Otoritas Jasa Keuangan. (lanjutan)                                           Financial Service Authority. (continued)

   a. Giro Wajib Minimum (GWM) (lanjutan)                                       a.     Minimum Reserve Requirements (GWM)
                                                                                       (continued)

       GWM LFR dan RIM adalah tambahan                                                 Minimum Statutory Reserve on LFR and RIM is
       simpanan minimum yang wajib dipelihara oleh                                     the additional reserve that should be
       Bank dalam bentuk saldo Rekening Giro pada                                      maintained by the Bank in the form of Current
       Bank Indonesia, jika LFR dan RIM target Bank                                    Accounts with Bank Indonesia, if the Bank’s
       Indonesia (84%) atau jika di atas maksimum                                      LFR and RIM is below the minimum of LFR and
       LFR dan RIM target BI (94%) dan Kewajiban                                       RIM targeted by Bank Indonesia (84%) or if the
       Penyediaan Modal Minimum (KPMM) Bank                                            Bank’s LFR and RIM is above the maximum of
       lebih kecil dari KPMM Insentif BI sebesar 14%.                                  LFR and RIM targeted by BI (94%) and the
                                                                                       Capital Adequacy Ratio (CAR) is below BI
                                                                                       requirement of 14%.

       Bank telah memenuhi ketentuan Bank                                              The Bank has complied with Bank Indonesia
       Indonesia tentang Giro Wajib Minimum pada                                       regulations concerning the minimum reserve
       tanggal-tanggal 31 Desember 2024, 2023 dan                                      requirements as of December 31, 2024, 2023
       2022.                                                                           and 2022.

       Sisa umur jatuh tempo atas giro pada Bank                                       The remaining period of current accounts with
       Indonesia dikategorikan sebagai kurang dari                                     Bank Indonesia is categorized as less than one
       satu bulan (Catatan 45).                                                        month (Note 45).

   b. Klasifikasi Berdasarkan Kolektibilitas OJK                                b.     Classification Based on OJK Collectibility

       1) Giro Pada Bank Lain                                                           1) Current accounts with Other Banks

           Pada tanggal 31 Desember 2024, 2023 dan                                         As of December 31, 2024, 2023 and 2022,
           2022, kolektibilitas giro pada bank lain                                        the collectibility of current accounts with
           sesuai Peraturan OJK adalah sebagai                                             other banks according to Financial Service
           berikut:                                                                        Authority Rule collectibility are as follows:

                                        31 Desember/        31 Desember/               31 Desember/
                                      December 31, 2024   December 31, 2023          December 31, 2022
        Lancar                               5.949.997            2.201.620                 1.470.526                               Current
        Macet                                    1.749                1.778                     1.731                                 Loss

        Total                                5.951.746            2.203.398                 1.472.257                                  Total
        Dikurangi cadangan kerugian                                                                                          Less allowance
           penurunan nilai                      (2.571)               (1.804)                   (1.747)            for impairment losses

        Neto                                 5.949.175            2.201.594                 1.470.510                                   Net


        2) Penempatan pada bank lain dan Bank                                            2) Placements with other banks and Bank
           Indonesia                                                                       Indonesia

           Seluruh penempatan pada bank lain dan                                           All placements with other banks and Bank
           Bank Indonesia pada tanggal-tanggal 31                                          Indonesia as of December 31, 2024, 2023
           Desember 2024, 2023 dan 2022 sesuai                                             and 2022, according to Financial Service
           Peraturan OJK diklasifikasikan sebagai                                          Authority Rule collectibility are classified as
           lancar.                                                                         current.




                                                                301
Page 753
                                                                            The original financial statements included herein are in the
                                                                                                                  Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                   51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut merupakan informasi                           The following additional information is information
   yang tidak dipersyaratkan untuk diungkapkan oleh                         that is not required to be disclosed by Indonesian
   Standar Akuntansi Keuangan di Indonesia.                                 Accounting Standards. Such additional information
   Informasi tersebut disusun sesuai dengan regulasi                        mas prepared in accordance with regulations of
   Otoritas Jasa Keuangan. (lanjutan)                                       Financial Service Authority. (continued)

   b.   Klasifikasi Berdasarkan Kolektibilitas OJK                          b.    Classification Based on OJK Collectibility
        (lanjutan)                                                                (continued)

        3) Efek-efek                                                              3) Securities

           Kolektibilitas efek-efek sesuai Peraturan                                  The collectibility of securities according to
           OJK adalah sebagai berikut:                                                Financial       Service     Authority    Rule
                                                                                      collectibility are as follows:

                                   31 Desember/        31 Desember/              31 Desember/
                                 December 31, 2024   December 31, 2023         December 31, 2022

        Lancar                         25.260.713            5.199.375                 1.628.411                                Current
        Dalam Perhatian Khusus             42.859               50.695                    36.675                        Special Mention
        Kurang Lancar                       4.360                4.644                     3.148                          Substandard
        Diragukan                           5.369                5.769                     5.436                               Doubtful
        Macet                              50.109               45.390                    49.498                                  Loss

        Total                          25.363.410            5.305.873                 1.723.168                                  Total
        Cadangan kerugian                                                                                                 Allowance for
          penurunan nilai                   (787)                (22.903)                 (2.399)                 impairment losses

        Neto                           25.362.623            5.282.970                 1.720.769                                   Net


        4) Efek-efek yang Dibeli dengan Janji Dijual                              4) Securities Purchased under Agreement
           Kembali                                                                   to Resell

           Seluruh efek-efek yang Dibeli dengan Janji                                 All securities purchased under agreement
           Dijual Kembali pada tanggal-tanggal 31                                     to resell Indonesia as of December 31,
           Desember 2024, 2023 dan 2022 sesuai                                        2024, 2023 and 2022,              according to
           Peraturan OJK diklasifikasikan sebagai                                     Financial       Service      Authority    Rule
           lancar.                                                                    collectibility are classified as current.

        5) Tagihan akseptasi                                                      5) Acceptance receivables

           Sesuai Peraturan OJK, pada tanggal-                                        According to Financial Service Authority
           tanggal 31 Desember 2024, 2023 dan 2022,                                   Rule    collectibility  All    acceptances
           semua tagihan akseptasi diklasifikasikan                                   receivables were classified as current as of
           sebagai lancar.                                                            December 31, 2024, 2023 and 2022.

        6) Tagihan dan liabilitas derivatif                                       6) Derivative receivable and payables

           Sesuai Peraturan OJK, pada tanggal-                                        According to Financial Service Authority
           tanggal 31 Desember 2024, 2023 dan 2022,                                   Rule collectability, all derivative receivable
           semua tagihan dan liabilitas derivatif                                     and payables were classified as current as
           diklasifikasikan sebagai lancar.                                           of December 31, 2024, 2023 and 2022.




                                                           302
Page 754
                                                                                               The original financial statements included herein are in the
                                                                                                                                     Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                  unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                                          51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                                            The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                                                below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                                              regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                                   Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.    Klasifikasi Berdasarkan Kolektibilitas OJK                                             b.    Classification Based on OJK Collectibility
         (lanjutan)                                                                                   (continued)

          7) Kredit yang Diberikan dan Pembiayaan/                                                    7) Loans and Sharia Financing/Receivables
             Piutang Syariah

                Kolektibilitas kredit yang diberikan dan                                                    The collectibility of loans and sharia
                pembiayaan/piutang      syariah    sesuai                                                   financing/receivables        according   to
                Peraturan OJK adalah sebagai berikut:                                                       Financial       Service     Authority  Rule
                                                                                                            collectibility are as follows:
                                     31 Desember/December 31, 2024 31 Desember/December 31, 2023 31 Desember/December 31, 2022

                                                          Cadangan                           Cadangan                           Cadangan
                                                           kerugian                           kerugian                           kerugian
                                                          penurunan                          penurunan                          penurunan
                                                              nilai/                             nilai/                             nilai/
                                      Nilai tercatat/     Allowance      Nilai tercatat/     Allowance      Nilai tercatat/     Allowance
                                        Carrying        for impairment     Carrying        for impairment     Carrying        for impairment
                                         amount              losses         amount              losses         amount              losses

        Konvensional                                                                                                                                  Conventional
        Individual                                                                                                                                       Individual
            Lancar                        8.100.760         1.104.716        8.399.059         1.916.967        6.349.613         1.487.285            Current
            Dalam perhatian khusus        3.747.701         1.405.247        4.016.175         2.562.023        3.094.462         2.261.194    Special mention
            Kurang lancar                    38.480            37.880          113.803            96.719          210.002            43.087      Substandard
            Diragukan                             -                 -              911               849          287.925           250.586           Doubtful
            Macet                         1.577.601         1.070.858        3.281.664         2.581.015        4.173.552         3.168.627              Loss

                                         13.464.542         3.618.701       15.811.612         7.157.573       14.115.554         7.210.779

        Kolektif                                                                                                                                          Collective
           Lancar                      264.960.207          2.644.832     255.215.275          3.570.880      233.227.549         4.086.908             Current
           Dalam perhatian khusus       27.214.026          2.529.447      19.790.203          1.370.850       14.961.502         1.189.242    Special mention
           Kurang lancar                   566.796            205.792         279.523             97.243          223.217            48.405      Substandard
           Diragukan                     1.748.284            555.970         537.521            186.708          505.684           127.977           Doubtful
           Macet                         6.126.250          2.173.192       4.949.726          1.808.282        3.624.059         1.441.603            Los


                                       300.615.563          8.109.233     280.772.248          7.033.963      252.542.011         6.894.135

        Syariah                                                                                                                                             Sharia
           Lancar                        39.536.826           783.326       33.636.263           75.269        28.499.767           197.833            Current
           Dalam perhatian khusus         3.095.410            35.624        2.592.266          439.407         2.078.511           326.315    Special mention
           Kurang lancar                    266.796             9.417          177.947          177.947           146.997           146.997      Substandard
           Diragukan                        191.485            15.356          139.381          139.381            94.373            94.373           Doubtful
           Macet                            802.310           485.530          568.424          568.424           804.491           804.491              Loss

                                         43.892.827         1.329.253       37.114.281         1.400.428       31.624.139         1.570.009

        Total                          357.972.932         13.057.187     333.698.141         15.591.964      298.281.704        15.674.923                   Total




                                                                              303
Page 755
                                                                                        The original financial statements included herein are in the
                                                                                                                              Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                                    51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                                     The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                                         below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                                       regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                            Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.   Klasifikasi Berdasarkan Kolektibilitas OJK                                       b.       Classification Based on OJK Collectibility
        (lanjutan)                                                                                (continued)

        7) Kredit yang Diberikan dan Pembiayaan/                                                  7) Loans and Sharia Financing/Receivables
           Piutang Syariah (lanjutan)                                                                (continued)

           Rasio kredit dan pembiayaan/piutang                                                        The ratios of non-performing loans and
           syariah     yang   diklasifikasikan    non-                                                sharia financing/receivables to total loans
           performing terhadap jumlah kredit dan                                                      and sharia financing/receivables (using the
           pembiayaan/piutang syariah (metode gross                                                   gross and net methods) are shown in the
           dan neto) adalah seperti yang terlihat pada                                                following table:
           tabel berikut:

                                     31 Desember/December 31,2024 31 Desember/December 31,2023 31 Desember/December 31,2022

                                     Konvensional/    Syariah/      Konvensional/      Syariah/       Konvensional/    Syariah/
             Kolektibilitas          Conventional      Sharia       Conventional        Sharia        Conventional      Sharia                   Collectibility

          Kurang Lancar                    605.276       266.796          393.326         177.947           433.219      146.997                  Substandard
          Diragukan                      1.748.284       191.485          538.432         139.381           793.609       94.373                     Doubtful
          Macet                          7.703.851       802.309        8.231.390         568.424         7.797.611      804.491                         Loss

                                        10.057.411     1.260.590        9.163.148         885.752         9.024.439     1.045.861
          Cadangan kerugian                                                                                                                       Allowance for
          Penurunan nilai                                                                                                                    impairment losses
            atas NPL/NPF               (4.043.692)      (510.303)      (4.770.816)       (885.752)       (5.080.285)   (1.045.861)            for NPL/NPF

                                         6.013.719       750.287        4.392.332                 -       3.944.154               -


             Kredit yang diberikan                                                                                                              Loans and
             dan pembiayaan/                                                                                                              sharia financing/
             piutang syariah           314.080.105    43.892.827     296.583.860       37.114.281       266.657.565    31.624.139              receivables

          % Non-performing
            kredit yang                                                                                                               % of Non-performing
            diberikan dan                                                                                                                        loans and
            pembiayaan/                                                                                                                   sharia financing/
            piutang syariah - Gross                                                                                                    receivables - Gross
            (Gross NPL/NPF)                 3,20%          2,87%           3,09%           2,39%             3,38%         3,31%         (Gross NPL/NPF)


          % Non-performing
            kredit yang                                                                                                               % of Non-performing
            diberikan dan                                                                                                                 loans and sharia
            pembiayaan/                                                                                                                          financing/
            piutang syariah - Neto                                                                                                       receivables - Net
            (Neto NPL/NPF)                  1,91%          1,71%           1,48%              0%             1,48%            0%            (Net NPL/NPF)




           Informasi pokok lainnya                                                                    Other significant information

           NPL/NPF Gross dihitung dengan membagi                                                      The Gross NPL/NPF are computed by
           antara     sindikasi  jumlah      kredit/                                                  dividing the total non-performing loans/
           pembiayaan/piutang syariah bermasalah                                                      sharia financing/receivables by the total
           dengan      jumlah    kredit/pembiayaan                                                    loans and sharia financing/receivables.
           /piutang Syariah.

           NPL/NPF Neto dihitung dengan membagi                                                       The Net NPL/NPF ratios are computed by
           antara jumlah kredit/pembiayaan/piutang                                                    dividing    the     total   non-performing
           syariah bermasalah setelah dikurangi                                                       loans/sharia financing/receivables, net of
           cadangan kerugian dan jumlah kredit/                                                       allowance for possible losses, by the total
           pembiayaan/piutang syariah keseluruhan.                                                    loans and sharia financing/receivables.


                                                                         304
Page 756
                                                                                              The original financial statements included herein are in the
                                                                                                                                    Indonesian language.

    PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
           (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                            unless otherwise stated)


 51. INFORMASI TAMBAHAN (lanjutan)                                                     51. ADDITIONAL INFORMATION (continued)

        Informasi tambahan berikut yang disajikan dibawah                                     The following additional information presented
        ini merupakan informasi yang disyaratkan oleh                                         below is information required by applicable
        regulasi yang berlaku dan bukan/tidak merupakan                                       regulations and is not information required by
        informasi yang dipersyaratkan oleh Standar                                            Indonesian Accounting Standards: (continued)
        Akuntansi Indonesia: (lanjutan)

        b.     Klasifikasi Berdasarkan Kolektibilitas OJK                                     b.    Classification Based on OJK Collectibility
               (lanjutan)                                                                           (continued)

               7) Kredit yang Diberikan dan Pembiayaan/                                             7) Loans and Sharia Financing/Receivables
                  Piutang Syariah (lanjutan)                                                           (continued)

                     Informasi pokok lainnya (lanjutan)                                                  Other significant information (continued)

                     Rasio NPL/NPF Gross (total konvensional                                             The Gross NPL/NPF Ratio (total
                     dan syariah) adalah 3,16%, 3,01% dan                                                conventional and sharia) is 3.16%, 3.01%
                     3,38% masing-masing pada tanggal                                                    and 3.38% as of December 31, 2024, 2023
                     31 Desember 2024, 2023 dan 2022.                                                    and 2022, respectively.

                     Rasio NPL/NPF Neto (total konvensional                                              The Net NPL/NPF Ratio (total conventional
                     dan syariah) adalah 1,89%, 1,32% dan                                                and sharia) is 1.89%, 1.32% and 1.32% as
                     1,32% masing-masing pada tanggal                                                    of December 31, 2024, 2023 and 2022,
                     31 Desember 2024, 2023 dan 2022.                                                    respectively.

                     Kredit yang diberikan dan pembiayaan/                                               Non-performing      loans    and    sharia
                     piutang      syariah     non-performing                                             financing/receivables by economic sectors:
                     berdasarkan sektor ekonomi:

                                                    31 Desember/          31 Desember/             31 Desember/
                                                  December 31, 2024     December 31, 2023        December 31, 2022

                    Konvensional                                                                                                                     Conventional
                      Perumahan                            8.608.669            8.315.467                 7.794.092                                   Property
                      Konstruksi                           1.044.179              534.740                   904.621                                Construction
                      Jasa Usaha                             165.598              191.925                    79.417                            Business service
                      Perdagangan, restoran
                         dan hotel                          184.495                 87.920                   173.739              Trading, restaurant and hotel
                      Pertambangan                           12.717                 14.147                    15.397                                      Mining
                      Jasa-jasa sosial                       10.519                 11.676                    28.436                               Social service
                      Transportasi, Pergudangan,                                                                                  Transportation, warehousing,
                         dan Komunikasi                       1.936                  2.058                     6.387                    and communication
                      Manufaktur                             17.363                  1.235                       715                               Manufacturing
                      Listrik, gas dan air                    2.812                    959                     6.141                  Electricity, gas and water
                      Pertanian                                 767                    117                        60                                    Farming
                      Lain-lain*)                             8.356                  2.904                    15.434                                      Other*)

                                                          10.057.411            9.163.148                 9.024.439

                    Syariah                                                                                                                                Sharia
                      Perumahan                             835.243               473.449                    297.621                                  Property
                      Konstruksi                            315.066               283.130                    573.570                               Construction
                      Jasa Usaha                            110.281               129.173                    174.670                           Business service

                                                           1.260.590              885.752                 1.045.861

                    Total                                 11.318.001           10.048.900                10.070.300                                           Total
                    Dikurangi Cadangan
                       kerugian                                                                                                                    Less allowance
                       penurunan nilai                    (4.553.995)           (5.656.568)               (6.126.146)                     for impairment losses

                    Neto                                   6.764.006            4.392.332                 3.944.154                                            Net


*) Terdiri dari rumah tangga dan sektor ekonomi lainnya                                         *) Consists of household and other economic sectors




                                                                              305
Page 757
                                                                                          The original financial statements included herein are in the
                                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                              unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                                     51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                                       The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                                           below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                                         regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                              Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.    Klasifikasi Berdasarkan Kolektibilitas OJK                                        b.        Classification Based on OJK Collectibility
         (lanjutan)                                                                                  (continued)

          7) Kredit yang Diberikan dan Pembiayaan/                                                   7) Loans and Sharia Financing/Receivables
             Piutang Syariah (lanjutan)                                                                 (continued)
                Informasi pokok lainnya (lanjutan)                                                        Other significant information (continued)
                Pada tanggal 31 Desember 2024, 2023 dan                                                   As of December 31, 2024, 2023 and 2022,
                2022, tidak terdapat pelanggaran maupun                                                   there is neither any breach nor violation of
                pelampauan Batas Maksimum Pemberian                                                       Legal Lending Limit (LLL) to related parties
                Kredit (BMPK) kepada pihak berelasi dan                                                   and third parties as required by Regulation
                pihak ketiga sesuai dengan peraturan yang                                                 of Financial Services Authority.
                ditetapkan Otoritas Jasa Keuangan.
                Kredit dan pembiayaan/piutang syariah                                                     Restructured      loans    and        sharia
                yang        direstrukturisasi  berdasarkan                                                financing/receivables by collectibility and
                kolektibilitas dan sektor ekonomi:                                                        economic sector:
                                                                   31 Desember/December 31, 2024

                                                     Dalam
                                                   perhatian
                                                    khusus/         Kurang
                                   Lancar/          Special         lancar/       Diragukan/          Macet/
                                   Current          mention       Substandard      Doutbful           Loss              Total

        Perumahan                  18.051.594       20.524.730        470.260       1.254.079          4.391.996        44.692.659                          Property
        Konstruksi                  2.256.373        1.389.119          5.796          15.962          1.009.420         4.676.670                     Construction
        Jasa usaha                  1.579.420          794.705            175           5.156             89.365         2.468.821                 Business service
        Perdagangan, restoran                                                                                                                    Trading, restaurant
          dan hotel                   168.286              656         38.334                  -          12.418           219.694                    and hotel
        Jasa-jasa sosial              106.104            5.279              -                  -           9.416           120.799                   Social services
        Manufaktur                          -              816              -                  -               -               816                    Manufacturing
        Transportasi.                                                                                                                               Transportation.
          pergudangan dan                                                                                                                          warehousing
          komunikasi                2.992.876          126.982              -              -                   -         3.119.858           and communication
        Pertambangan                        -                -              -              -               3.078             3.078                           Mining
        Lain-lain*)                     9.617              792              -             33                 198            10.640                           Other*)

        Total                      25.164.270       22.843.079        514.565       1.275.230          5.515.891        55.313.035                            Total


                                                                   31 Desember/December 31, 2023

                                                     Dalam
                                                   perhatian
                                                    khusus/         Kurang
                                   Lancar/          Special         lancar/       Diragukan/          Macet/
                                   Current          mention       Substandard      Doutbful           Loss              Total

        Perumahan                  27.028.674       13.252.016        344.212        302.541           5.309.171        46.236.614                          Property
        Konstruksi                  1.980.812        2.270.627         13.096          7.194             453.035         4.724.764                     Construction
        Jasa usaha                  1.657.252            7.818         14.476            176              96.484         1.776.206                 Business service
        Perdagangan, restoran                                                                                                                    Trading, restaurant
          dan hotel                   247.741            8.126              -          10.597             22.289           288.753                    and hotel
        Jasa-jasa sosial              101.841           21.709              -               -             10.091           133.641                   Social services
        Manufaktur                         52              813              -               -                574             1.439                    Manufacturing
        Transportasi,                                                                                                                               Transportation,
          pergudangan dan                                                                                                                          warehousing
          komunikasi                2.996.673          126.911              -                  -             855         3.124.439           and communication
        Pertambangan                        -                -              -                  -          12.270            12.270                           Mining
        Lain-lain*)                    13.596            1.410              -                  -             254            15.260                           Other*)

        Total                      34.026.641       15.689.430        371.784        320.508           5.905.023        56.313.386                            Total


        *) Terdiri dari rumah tangga dan sektor ekonomi lainnya                                    *) Consists of household and other economic sectors




                                                                            306
Page 758
                                                                                  The original financial statements included herein are in the
                                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                      unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                             51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                               The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                                   below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                                 regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                      Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.    Klasifikasi Berdasarkan Kolektibilitas OJK                                b.      Classification Based on OJK Collectibility
         (lanjutan)                                                                        (continued)

          7) Kredit yang Diberikan dan Pembiayaan/                                         7)      Loans     and     Sharia          Financing/
             Piutang Syariah (lanjutan)                                                            Receivables (continued)

                Informasi pokok lainnya (lanjutan)                                                Other significant information (continued)
                Kredit dan pembiayaan/piutang syariah                                             Restructured      loans    and        sharia
                yang        direstrukturisasi  berdasarkan                                        financing/receivables by collectibility and
                kolektibilitas dan sektor ekonomi: (lanjutan)                                     economic sector: (continued)
                                                           31 Desember/December 31, 2022
                                               Dalam
                                             perhatian
                                              khusus/       Kurang
                                Lancar/       Special       lancar/       Diragukan/       Macet/
                                Current       mention     Substandard      Doutbful        Loss             Total

        Perumahan               30.595.294   11.093.003       441.112        646.733            4.635.418   47.411.560                   Property
        Konstruksi               4.013.346      481.513        15.628         32.339              976.286    5.519.112              Construction
        Jasa usaha               1.234.625       21.170        10.542         10.623              137.547    1.414.507          Business service
        Perdagangan, restoran                                                                                                 Trading, restaurant
          dan hotel               215.923       103.350             -             16              97.199      416.488              and hotel
        Jasa-jasa sosial          105.371        25.335           302              -              17.854      148.862             Social services
        Manufaktur                  1.257           776             -              -                 359        2.392              Manufacturing
        Transportasi,                                                                                                            Transportation,
          pergudangan dan                                                                                                       warehousing
          komunikasi             2.998.715        6.634             -              -               1.413     3.006.762    and communication
        Pertambangan                     -            -             -              -              12.266        12.266                    Mining
        Pertanian                        -            -             -              4                   -             4                   Farming
        Lain-lain*)                 15.199        1.432           397            134              12.413        29.575                    Other*)
        Total                   39.179.730   11.733.213       467.981        689.849            5.890.755   57.961.528                     Total



                Skema restrukturisasi yang disepakati oleh                                        Restructured loans scheme agreed by the
                Bank dan debitur meliputi antara lain                                             Bank and its debtors include loans principal
                penjadwalan ulang pembayaran pokok                                                and interest rescheduling, overdue interest
                kredit dan bunga, pembebasan tunggakan                                            exemption, reduction of interest rates,
                bunga,     penurunan      suku    bunga,                                          additional loan facilities, novation and
                penambahan fasilitas kredit, novasi dan                                           others.
                lain-lain.




                                                                    307
Page 759
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                 51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                 The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                     below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                   regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                        Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.   Klasifikasi Berdasarkan Kolektibilitas OJK                   b.   Classification Based on OJK Collectibility
        (lanjutan)                                                        (continued)

        7) Kredit yang Diberikan dan Pembiayaan/                          7) Loans and Sharia Financing/Receivables
           Piutang Syariah (lanjutan)                                        (continued)

           Kredit dan pembiayaan/piutang syariah                              Restructured      loans    and        sharia
           yang        direstrukturisasi  berdasarkan                         financing/receivables by collectibility and
           kolektibilitas dan sektor ekonomi: (lanjutan)                      economic sector: (continued)

           Bank telah melakukan restrukturisasi kredit                        Bank has restructured its credit for debtors
           untuk debitur yang terdampak pandemi                               affected by Covid-19 pandemic in
           Covid-19 sesuai dengan POJK No.                                    accordance             with           POJK
           11/POJK.03/2020 “Stimulus Perekonomian                             No.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
           2019 tertanggal 13 Maret 2020 dan                                  Disease 2019” dated March 13, 2020 and
           perubahan POJK No. 48/POJK.03/2020                                 amendment POJK No.48/POJK.03/2020
           “Perubahan atas Peraturan Otoritas Jasa                            “Amendment               of           POJK
           Keuangan      Nomor     11/POJK.03/2020                            No.11/POJK.03/2020 Regarding National
           tentang Stimulus Perekonomian Nasional                             Economic stimulus as countercyclical policy
           sebagai kebijakan countercyclical dampak                           in the impact of the spread of Coronavirus
           penyebaran Corona Virus Disease 2019”                              Disease 2019” dated December 1, 2020
           tertanggal 1 Desember 2020 dan                                     and      second      amendment        POJK
           perubahan       kedua      POJK        No.                         No.17/POJK.03/2021 “Second Amendment
           17/POJK.03/2021 “Perubahan kedua atas                              of POJK No.11/POJK.03/2020 Regarding
           Peraturan Otoritas Jasa Keuangan Nomor                             National     Economic       stimulus      as
           11/POJK.03/2020      tentang     Stimulus                          countercyclical policy in the impact of the
           Perekonomian Nasional sebagai kebijakan                            spread of Coronavirus Disease 2019” dated
           countercyclical   dampak      penyebaran                           September 10, 2021.
           Corona Virus Disease 2019” tertanggal 10
           September 2021.

           Per tanggal 31 Desember 2024, 2023 dan                             As of December 31, 2024, 2023 and 2022
           2022 total saldo kredit restrukturisasi Covid-                     the total balance of Covid-19 restructure
           19 masing-masing sebesar Rp19.027.569,                             loans    amounted    to    Rp19,027,569,
           Rp25.663.629 dan Rp33.667.902.                                     Rp25,663,629      and      Rp33,667,902,
                                                                              respectively.

           Dalam laporan Bank ke Otoritas Jasa                                Based on the report submitted by the Bank
           Keuangan (OJK) disebutkan bahwa pada                               to Financial Services Authority (OJK) as of
           tanggal 31 Desember 2024, 2023 dan 2022,                           December 31, 2024, 2023 and 2022, the
           Bank telah mematuhi ketentuan Batas                                Bank is in compliance with the legal lending
           Maksimum Pemberian Kredit (BMPK), baik                             limit (BMPK) regulations, both for the
           terhadap pihak-pihak berelasi maupun                               related and non-related party borrowers.
           kepada pihak yang tidak berelasi.

           Rasio kredit usaha kecil (KUK) terhadap                            The ratio of small-scale enterprise loans to
           total kredit adalah sebesar 0,99%, 0,80%                           total loans is 0.99%, 0.80% and 0.44% as
           dan 0,44% masing-masing pada tanggal                               of December 31, 2024, 2023 and 2022,
           31 Desember 2024, 2023 dan 2022.                                   respectively.




                                                            308
Page 760
                                                                                              The original financial statements included herein are in the
                                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                      PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                  unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                                          51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                                           The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                                               below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                                             regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                                  Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   b.       Klasifikasi Berdasarkan Kolektibilitas OJK                                         b.    Classification Based on OJK Collectibility
            (lanjutan)                                                                               (continued)

            7) Kredit yang Diberikan dan Pembiayaan/                                                 7) Loans and Sharia Financing/Receivables
               Piutang Syariah (lanjutan)                                                               (continued)

               Jumlah minimum cadangan kerugian                                                               Minimum allowance for impairment losses
               penurunan nilai kredit yang diberikan dan                                                      for loans and sharia financing receivables
               pembiayaan/piutang syariah, yang wajib                                                         required by Financial Services Authority
               dibentuk sesuai dengan ketentuan Otoritas                                                      amounted to Rp12,209,531, Rp12,641,044
               Jasa     Keuangan       adalah    sebesar                                                      and Rp11,909,808 as of December 31,
               Rp12.209.531,      Rp12.641.044       dan                                                      2024, 2023 and 2022, respectively.
               Rp11.909.808,     masing-masing      pada
               tanggal 31 Desember 2024, 2023 dan
               2022.
            8) Komitmen dan Kontinjensi                                                              8). Commitments and Contingencies

               Kolektibilitas garansi yang diterbitkan dan                                                    The     collectibility   classification of
               fasilitas kredit yang belum ditarik yang                                                       guarantees issued and unused loan facility
               mempunyai risiko kredit adalah sebagai                                                         bearing credit risks are as follows:
               berikut:
                                               31 Desember/                       31 Desember/                       31 Desember/
                                             December 31, 2024                  December 31, 2023                  December 31, 2022

                                        Jumlah nosional                    Jumlah nosional                   Jumlah nosional
                                        mata uang asing                    mata uang asing/                  mata uang asing/
                                        Notional amount                    Notional amount                   Notional amount
                                          in foreign                          in foreign                       in foreign
                                          currencies      Ekuivalen/         currencies     Ekuivalen/         currencies       Ekuivalen/
                                        (angka penuh/     Equivalent       (angka penuh/    Equivalent       (angka penuh/      Equivalent
                                         full amount)      Rupiah           full amount)     Rupiah           full amount)       Rupiah



    Lancar                                                                                                                                                      Current
    Rupiah                                                                                                                                                       Rupiah
    Garansi yang diterbitkan (Catatan 40)                   2.579.383                         2.112.148                             887.321 Guarantees issued (Note 40)
    Fasilitas kredit                                                                                                                                Unused loan facility
        yang belum ditarik (committed)                         86.184                           127.083                              67.928            (committed)
    Irrevocable L/C yang masih                                                                                                                  Outstanding irrevocable
        berjalan (Catatan 40)                                 249.694                            20.106                             221.484         L/Cs (Note 40)

                                                            2.915.261                         2.259.337                           1.176.733


    Mata uang asing                                                                                                                                  Foreign currencies
    Garansi yang diterbitkan (Catatan 40)                                                                                                   Guarantees issued (Note 40)
       Dolar Amerika Serikat              18.315.405          294.786         30.269.447        466.059          3.869.076           60.232    United States Dollar
      Euro Eropa                          14.908.241          249.834             56.784            968             56.784              942         European Euro

                                                              544.620                           467.027                              61.174

                                                            3.459.881                         2.726.364                           1.237.907


    Dalam Perhatian Khusus                                                                                                                             Special mention
    Rupiah                                                                                                                                                      Rupiah
    Fasilitas kredit                                                                                                                                 Unused loan facility
       yang belum ditarik (committed)                                  -                                 -                           12.200            (committed)

    Total                                                   3.459.881                         2.726.364                           1.250.107                        Total




                                                                                309
Page 761
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                      51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                          The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                              below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                            regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                 Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   c.   Aset dan liabilitas moneter dalam mata uang                           c.    Assets and liabilities           denominated           in
        asing                                                                       foreign currencies

        Posisi Devisa Neto                                                          Net Open Position

        Perhitungan Posisi Devisa Neto (PDN)                                        The Net Open Position (NOP) is calculated
        didasarkan pada Peraturan Bank Indonesia No.                                based on Bank Indonesia Regulation No.
        5/13/PBI/2003      tanggal     17    Juli  2003                             5/13/PBI/2003 dated July 17, 2003 which was
        sebagaimana telah diubah dengan perubahan                                   fourth amended by Bank Indonesia Regulation
        keempat Peraturan Bank Indonesia No.                                        No. 17/5/PBI/2015 dated May 29, 2015. Based
        17/5/PBI/2015 tanggal 29 Mei              2015.                             on this regulation, the Bank is required to
        Berdasarkan       peraturan     tersebut, Bank                              maintain Net Open Position ratio of the overall
        diwajibkan untuk menjaga rasio PDN laporan                                  statement of financial position at a maximum of
        posisi keuangan dan secara keseluruhan                                      20% of the total capital. The NOP is the sum of
        maksimum 20% dari jumlah modal. PDN adalah                                  the absolute values, which are stated in Rupiah,
        penjumlahan nilai absolut yang dinyatakan                                   of the net difference between the assets and
        dalam Rupiah dari selisih bersih antara aset                                liabilities denominated in each foreign currency
        dan liabilitas dalam mata uang asing dan selisih                            and the net difference of the receivables and
        bersih dari tagihan dan liabilitas komitmen dan                             payables       of  both     commitments      and
        kontinjensi yang dicatat dalam rekening                                     contingencies recorded in the administrative
        administratif yang didenominasi dalam setiap                                accounts denominated in each foreign
        mata uang asing.                                                            currency.
        PDN Bank pada tanggal-tanggal 31 Desember                                   The Bank’s NOP as of December 31, 2024,
        2024, 2023 dan 2022:                                                        2023 and 2022 are as follows:

                                                31 Desember/December 31, 2024
                                                                              Posisi Devisa Neto/
                                  Aset/Assets        Liabilitas/Liabilities    Net Open Position

   Laporan posisi keuangan dan                                                                               Statement of financial position
   Rekening administratif                                                                                      and Administrative accounts
   Dolar Australia                     1.916.596              (1.949.093)                  32.497                          Australian Dollar
   Dolar Amerika Serikat              50.252.606             (50.177.699)                  74.907                     United States Dollar
   Yen Jepang                            738.224                (749.325)                  11.101                            Japanese Yen
   Pound Sterling Inggris                198.004                  (9.533)                 188.471              Great Britain Pound Sterling
   Euro Eropa                            326.050                (429.071)                 103.021                           European Euro
   Dolar Singapura                     1.060.649              (1.058.974)                   1.675                          Singapore Dollar
   Renminbi                                4.075                    (367)                   3.708                                 Renminbi
   Dolar Hong Kong                        68.519                 (68.415)                     104                         Hong Kong Dollar
   Ringgit Malaysia                        1.440                  (1.136)                     304                         Malaysian Ringgit
   Riyal Arab Saudi                          922                    (326)                     596                      Saudi Arabian Riyal
   Dolar Canada                           29.028                 (29.028)                       -                            Canada Dollar

                                                                                          416.384

   Modal (Catatan 51d)                                                                 32.273.030                       Capital (Note 51d)

   Rasio PDN                                                                               1,29%                                 NOP ratio




                                                             310
Page 762
                                                                              The original financial statements included herein are in the
                                                                                                                    Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                    PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                      51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                          The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                              below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                            regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                                 Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   c.   Aset dan liabilitas moneter dalam mata uang                           c.    Assets and liabilities denominated                     in
        asing (lanjutan)                                                            foreign currencies (continued)

        Posisi Devisa Neto (lanjutan)                                               Net Open Position (continued)

                                                31 Desember/December 31, 2023
                                                                              Posisi Devisa Neto/
                                  Aset/Assets        Liabilitas/Liabilities    Net Open Position

   Laporan posisi keuangan dan                                                                               Statement of financial position
   Rekening administratif                                                                                      and Administrative accounts
   Dolar Australia                         177.633               (20.421)                 157.212                          Australian Dollar
   Dolar Amerika Serikat                30.741.381           (30.627.376)                 114.005                     United States Dollar
   Yen Jepang                              850.554              (759.435)                  91.119                            Japanese Yen
   Pound Sterling Inggris                   86.071                      -                  86.071              Great Britain Pound Sterling
   Euro Eropa                               81.632                (1.337)                  80.295                           European Euro
   Dolar Singapura                          39.205               (47.435)                   8.230                          Singapore Dollar
   Renminbi                                  3.497                   (19)                   3.478                                 Renminbi
   Dolar Hong Kong                            371s                      -                     371
      Hong Kong Dollar
   Ringgit Malaysia                           303                         -                   303                       Malaysian Ringgit
   Riyal Arab Saudi                           140                         -                   140                      Saudi Arabian Riyal
                                                                                          541.224
                                                                                                    7



   Modal (Catatan 51d)                                                                 31.230.282                       Capital (Note 51d)

   Rasio PDN                                                                               1,73%                                 NOP ratio



                                                31 Desember/December 31, 2022

                                                                              Posisi Devisa Neto/
                                  Aset/Assets        Liabilitas/Liabilities    Net Open Position

   Laporan posisi keuangan dan                                                                               Statement of financial position
   Rekening administratif                                                                                      and Administrative accounts
   Dolar Amerika Serikat                 7.622.973             (8.311.493)                688.520                     United States Dollar
   Yen Jepang                              480.099               (808.933)                328.834                            Japanese Yen
   Dolar Singapura                          36.865                (24.018)                 12.847                          Singapore Dollar
   Dolar Australia                          48.406                     (4)                 48.402                          Australian Dollar
   Renminbi                                  1.089                     (8)                  1.081                                 Renminbi
   Ringgit Malaysia                            292                    (10)                    282                         Malaysian Ringgit
   Euro Eropa                               31.464                   (328)                 31.136                           European Euro
   Pound Sterling Inggris                   63.405                    (11)                 63.394              Great Britain Pound Sterling
   Dolar Hong Kong                              97                       -                     97                         Hong Kong Dollar
   Riyal Arab Saudi                             81                       -                     81                      Saudi Arabian Riyal
                                                                                        1.174.674

   Modal (Catatan 51d)                                                                 28.168.457                       Capital (Note 51d)

   Rasio PDN                                                                               4,17%                                 NOP ratio




                                                             311
Page 763
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                               51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah               The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                   below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                 regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                      Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   d.   Rasio  Kewajiban        Penyediaan      Modal              d.   Minimum Required Capital Adequacy (CAR)
        Minimum (KPMM)
        Bank secara aktif mengelola modalnya sesuai                     The Bank actively manages its capital in
        dengan peraturan yang berlaku. Tujuan                           accordance with the regulatory requirements.
        utamanya adalah untuk memastikan bahwa                          The primary objective of which is to ensure that
        setiap saat Bank dapat menjaga kecukupan                        the Bank, at all times, maintains adequate
        modalnya untuk menutup risiko bawaan                            capital to cover inherent risks to its banking
        (inherent risks) pada kegiatan perbankan tanpa                  activities without prejudice to optimizing
        mengurangi optimalisasi nilai pemegang                          shareholder’s value.
        saham.

        KPMM pada tanggal 31 Desember 2024, 2023                        CAR on December 31, 2024, 2023 and 2022
        dan 2022 dihitung berdasarkan Peraturan                         was calculated based on Otoritas Jasa
        Otoritas    Jasa      Keuangan    (POJK)                        Keuangan (OJK) No. 27/POJK.03/2022, POJK
        No.        27/POJK.03/2022,         POJK                        No.      34/POJK.03/2016     and      POJK
        No.34/POJK.03/2016     dan   POJK     No.                       No. 11/POJK.03/2016 concerning the Minimum
        11/POJK.03/2016      tentang   Kewajiban                        Capital Requirement for Commercial Banks.
        Penyediaan Modal Minimum Bank Umum.
        Berdasarkan POJK No. 27/POJK.03/2022                            Based on POJK No. 27/POJK.03/2022
        tentang Perubahan Kedua atas POJK                               concerning of Second Change Regulation No.
        No.11/POJK.03/2016      tentang      Kewajiban                  11/POJK.03/2016 concerning the Minimum
        Penyediaan Modal Minimum Bank Umum, PBI                         Capital Requirement for Commercial Banks,
        No. 17/22/PBI/2015 tentang Kewajiban                            PBI No. 17/22/PBI/2015 concerning the
        Pembentukan Countercyclical Buffer dan POJK                     Establishment of Countercyclical Buffer
        No. 46/POJK.03/2015 tentang Penetapan                           Requirement, and POJK No. 46/POJK.03/2015
        Systemically Important Bank dan Capital                         concerning the Determination of Systemically
        Surcharge, Bank diwajibkan membentuk                            Important Bank and Capital Surcharge, the
        tambahan modal sebagai penyangga (buffer)                       Bank is required to form additional capital
        yang berlaku secara bertahap mulai 1 Januari                    as a buffer that apply in stages starting on
        2016. Pembentukan modal buffer yaitu Capital                    January 1, 2016. The establishment of buffer
        Conservation Buffer, Countercyclical Buffer dan                 capital consists of Capital Conservation Buffer,
        Capital Surcharge untuk D-SIB yang wajib                        Countercyclical Buffer, and Capital Surcharge
        dibentuk berdasarkan persentase tertentu dari                   for D-SIB which shall be established based on
        Aset Tertimbang Menurut Risiko (ATMR)                           a percentage of Risk Weighted Assets (RWA)
        masing-masing sebesar 2,50%, 0,00% dan                          of 2.50%, 0.00% and 1.00%, respectively.
        1,00%.

        Berdasarkan POJK No 48/POJK.03/2020                             Based on POJK No. 48/POJK.03/2020 as of
        tanggal 1 Desember 2020 tentang Perubahan                       December 1, 2020 concerning the amendments
        atas POJK No.11/POJK.03/2020 tanggal                            of POJK No.11/POJK.03/2020 dated May 27,
        27 Mei 2020, untuk kebijakan relaksasi dalam                    2020 for relaxation policy in order to support the
        rangka mendukung program pemulihan                              national economic recovery program of the
        ekonomi nasional sektor perbankan, bahwa                        banking sector, that the obligation to fulfill the
        kewajiban pemenuhan Capital Conservation                        Capital Conservation Buffer in the capital
        Buffer dalam komponen modal ditiadakan                          component is removed until March 31, 2022.
        sampai dengan 31 Maret 2022.




                                                          312
Page 764
                                                                          The original financial statements included herein are in the
                                                                                                                Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                  PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                              unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                     51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                       The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                           below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                         regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                              Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   d.    Rasio  Kewajiban    Penyediaan             Modal                  d.       Minimum Required Capital Adequacy (CAR)
         Minimum (KPMM) (lanjutan)                                                  (continued)

         Berdasarkan profil risiko Bank masing-masing                               Based on the risk profile as of December 31,
         per 31 Desember 2024, 2023 dan 2022, yaitu                                 2024, 2023 and 2022, respectively, which are
         low to moderate, maka rasio kecukupan modal                                both low to moderate, the minimum CAR for
         (KPMM) minimum per 31 Desember 2024, 2023                                  December 31, 2024, 2023 and 2022, is set at
         dan 2022 ditetapkan masing-masing sebesar                                  9% to less than 9%, respectively.
         9% sampai dengan 9%.

         Penentuan kepatuhan Bank terhadap peraturan                                The determination of the Bank's compliance
         dan rasio yang berlaku didasarkan pada                                     with regulations and applicable ratios are based
         peraturan praktik akuntansi yang berbeda                                   on the accounting rules which is differ in several
         dalam beberapa hal dengan Standar Akuntansi                                aspects with the Financial Accounting
         Keuangan di Indonesia.                                                     Standards in Indonesia.

         Pada tanggal-tanggal 31 Desember 2024, 2023                                As of December 31, 2024, 2023 and 2022, the
         dan 2022, Bank telah memenuhi rasio sesuai                                 Bank has fulfilled the required ratios of Bank
         yang disyaratkan Bank Indonesia dan/atau                                   Indonesia and/or Financial Services Authority
         Otoritas Jasa Keuangan untuk KPMM.                                         for the CAR.

         Perhitungan KPMM Bank pada tanggal                                         The computation of the Bank’s CAR as of
         31 Desember 2024, 2023 dan 2022 adalah                                     December 31, 2024, 2023 and 2022 follows:
         sebagai berikut:
                                             31 Desember/     31 Desember/       31 Desember/
                                          December 31, 2024 December 31, 2023 December 31, 2022

  Modal inti                        a            29.834.471          27.154.078            22.533.407                        Core Capital
  Modal pelengkap                                                                                                Supplementary Capital
    (Maksimal 100% dari                                                                                       (Maximum of 100% of
    modal inti)                     b             2.438.559           4.076.204             5.635.050                   Core Capital)
  Modal pelengkap tambahan                                                                                     Additional supplementary
    yang dialokasikan                                                                                               capital allocated
    untuk mengantisipasi                                                                                              for anticipation
    risiko pasar                    c                     -                     -                   -                  of market risk

  Jumlah Modal Inti dan                                                                                        Total Core Capital and
    Modal Pelengkap               d=a+b          32.273.030          31.230.282            28.168.457       Supplementary Capital

  Jumlah modal inti, modal                                                                                              Total core capital,
    pelengkap dan modal                                                                                                supplementary
    pelengkap tambahan                                                                                          capital and additional
    yang dialokasikan                                                                                                  supplementary
    untuk mengantisipasi                                                                                          capital allocated for
    risiko pasar                  e=c+d          32.273.030          31.230.282            28.168.457      anticipation of market risk
  Penyertaan                        f                     -                   -                     -                          Investment

  Jumlah modal untuk                                                                                                          Total capital
    risiko kredit                 g=d-f          32.273.030          31.230.282            28.168.457                   for credit risk
  Jumlah modal untuk risiko                                                                                         Total capital for credit
    kredit dan risiko pasar       h=e-f          32.273.030          31.230.282            28.168.457            risk and market risk
  Aset tertimbang menurut                                                                                           Risk weighted assets
    risiko kredit                   i           149.287.750         136.691.761           114.318.357                       credit risk
  ATMR untuk risiko pasar           j             6.101.634             942.326             1.373.299                RWA for market risk
  ATMR untuk risiko operasional     k            19.055.594          17.956.060            23.938.858           RWA for operational risk




                                                              313
Page 765
                                                                           The original financial statements included herein are in the
                                                                                                                 Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                   PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                               unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                      51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                        The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                            below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                          regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                               Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   d.    Rasio  Kewajiban    Penyediaan              Modal                  d.     Minimum Required Capital Adequacy (CAR)
         Minimum (KPMM) (lanjutan)                                                 (continued)

         Perhitungan KPMM Bank pada tanggal                                        The computation of the Bank’s CAR as of
         31 Desember 2024, 2023 dan 2022 adalah                                    December 31, 2024, 2023 and 2022 follows:
         sebagai berikut: (lanjutan)                                               (continued)
                                              31 Desember/     31 Desember/       31 Desember/
                                           December 31, 2024 December 31, 2023 December 31, 2022

  Jumlah ATMR untuk risiko
    kredit dan risiko                                                                                      Total RWA for credit risk and
    operasional                   l=i+k          168.343.344         154.647.821         138.257.215                operational risk
  Jumlah ATMR untuk risiko                                                                                   Total RWA for Credit Risk,
    kredit, risiko operasional                                                                                 Operational Risk and
    dan risiko pasar             m=i+j+k         174.444.978         155.590.147         139.630.514                    market risk


         Penentuan kepatuhan Bank terhadap peraturan                               The determination of the Bank's compliance
         dan rasio yang berlaku didasarkan pada                                    with regulations and applicable ratios are based
         peraturan praktik akuntansi yang berbeda                                  on the accounting rules which is differ in several
         dalam beberapa hal dengan Standar Akuntansi                               aspects with the Financial Accounting
         Keuangan di Indonesia.                                                    Standards in Indonesia.

         Pada tanggal-tanggal 31 Desember 2024, 2023                               As of December 31, 2024, 2023 and 2022, the
         dan 2022, Bank telah memenuhi rasio sesuai                                Bank has fulfilled the required ratios of Bank
         yang disyaratkan Bank Indonesia dan/atau                                  Indonesia and/or Financial Services Authority
         Otoritas Jasa Keuangan untuk KPMM.                                        for the CAR.

         Perhitungan KPMM Bank pada tanggal                                        The computation of the Bank’s CAR as of
         31 Desember 2024, 2023 dan 2022 adalah                                    December 31, 2024, 2023 and 2022 follows:
         sebagai berikut:
                                              31 Desember/     31 Desember/       31 Desember/
                                           December 31, 2024 December 31, 2023 December 31, 2022

  CAR untuk risiko kredit                                                                                            CAR for credit risk
    dan risiko operasional        n=g/l              19,17%              20,19%              20,37%             and operational risk
  CAR untuk risiko kredit                                                                                            CAR for credit risk
    risiko operasional,                                                                                         Operational risk and
    dan risiko pasar             o=h/m               18,50%              20,07%              20,17%                     market risk

  CAR Minimum yang
    Diwajibkan                                           9%                  9%                  9%                  Minimum CAR




                                                               314
Page 766
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                             51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah             The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                 below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan               regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                    Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko                                           e.   Risk Management

       Dasar Penerapan Manajemen Risiko                               Basis for Risk Management Implementation

       Dalam penerapan manajemen risiko, BTN                          In the implementation of risk management, BTN
       senantiasa patuh dan taat terhadap regulasi                    consistently adheres to and complies with the
       dan perundang-undangan yang berlaku di                         regulations and laws applicable in Indonesia by
       Indonesia dengan mengacu pada:                                 referring to:

      1.   Peraturan Otoritas Jasa Keuangan                           1.   OJK Regulation No. 4/POJK.03/2016,
           (Peraturan OJK) No.4/POJK.03/2016                               dated January 26, 2016, concerning the
           tanggal 26 Januari 2016 tentang                                 Assessment of the Health Level of
           Penilaian Tingkat Kesehatan Bank                                Commercial Banks.
           Umum.
      2.   Peraturan OJK No. 18/POJK.03/2016                          2.   OJK Regulation No. 18/POJK.03/2016,
           tanggal 16 Maret 2016 tentang                                   dated March 16, 2016, concerning the
           Penerapan Manajemen Risiko Bagi Bank                            Implementation of Risk Management for
           Umum                                                            Commercial Banks.
      3.   Peraturan OJK No. 55/POJK.03/2016                          3.   OJK Regulation No. 55/POJK.03/2016,
           tanggal 9 Desember 2016 tentang                                 dated December 9, 2016, concerning the
           Penerapan Tata Kelola Bagi Bank Umum.                           Implementation of Governance for
                                                                           Commercial Banks.
      4.   Peraturan OJK No. 19 Tahun 2024                            4.   OJK Regulation No. 19 of 2024 dated
           tanggal 8 November 2024 tentang                                 November 8, 2024 concerning the
           Kewajiban Pemenuhan Rasio Kecukupan                             Obligation to Fulfill the Liquidity
           Likuiditas (Liquidity Coverage Ratio) Bagi                      Coverage Ratio for Commercial Banks.
           Bank Umum.
      5.   Peraturan OJK No. 20 Tahun 2024                            5.   OJK Regulation No. 20 of 2024 dated
           tanggal 8 November 2024 tentang                                 November 8, 2024 concerning the
           Kewajiban Pemenuhan Rasio Pendanaan                             Obligation to Fulfill the Net Stable
           Stabil Bersih (Net Stable Funding Ratio)                        Funding Ratio for Commercial Banks.
           Bagi Bank Umum.
      6.   Peraturan OJK No. 5 Tahun 2024 tanggal                     6.   OJK Regulation No. 5 Year 2024 dated
           27 Maret 2024 tentang Penetapan Status                          March 27, 2024 regarding the
           Pengawasan           dan     Penanganan                         Determination of Supervisory Status and
           Permasalahan Bank Umum.                                         Handling of Commercial Bank Problems.
      7.   Peraturan OJK No. 51/POJK.03/2017                          7.   OJK Regulation No. 51/POJK.03/2017,
           tanggal 18 Juli 2017 tentang Penerapan                          dated July 18, 2017, concerning the
           Keuangan Berkelanjutan Bagi Lembaga                             Implementation of Sustainable Finance
           Jasa Keuangan, Emiten dan Perusahaan                            for Financial Service Institutions,
           Publik.                                                         Issuers, and Public Companies.
      8.   Peraturan OJK No. 21 Tahun 2023                            8.   OJK Regulation No. 21 of 2023 dated
           tanggal 22 Desember 2023 tentang                                December 22, 2023 regarding Digital
           Layanan Digital Oleh Bank Umum.                                 Services by Commercial Banks.
      9.   Peraturan OJK No. 32/POJK.03/2018                          9.   OJK Regulation No. 32/POJK.03/2018,
           tanggal 27 Desember 2018 tentang Batas                          dated December 27, 2018, concerning
           Maksimum Pemberian Kredit Dan                                   the Maximum Limit on Credit Provision
           Penyediaan Dana Besar Bagi Bank                                 and Large Funding for Commercial
           Umum.                                                           Banks.




                                                        315
Page 767
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                             51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah             The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                 below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan               regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                    Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                e.    Risk Management (continued)

       Dasar Penerapan         Manajemen       Risiko                  Basis for Risk Management Implementation
       (lanjutan)                                                      (continued)

       Dalam penerapan manajemen risiko, BTN                           In the implementation of risk management, BTN
       senantiasa patuh dan taat terhadap regulasi                     consistently adheres to and complies with the
       dan perundang-undangan yang berlaku di                          regulations and laws applicable in Indonesia by
       Indonesia dengan mengacu pada: (lanjutan)                       referring to: (continued)

      10. Peraturan OJK No. 11/ POJK.03/2019                          10. OJK Regulation No. 11/POJK.03/2019,
          tanggal 28 Maret 2019 tentang Prinsip                           dated March 28, 2019, concerning the
          Kehati-hatian Dalam Aktivitas Sekuritisasi                      Principles of Prudence in Asset
          Aset Bagi Bank Umum.                                            Securitization Activities for Commercial
                                                                          Banks.
      11. Peraturan OJK No. 31/POJK.03/2019                           11. OJK Regulation No. 31/POJK.03/2019,
          tanggal 2 Desember 2019 tentang                                 dated December 2, 2019, concerning the
          Kewajiban Pemenuhan Rasio Pengungkit                            Obligation to Fulfill the Leverage Ratio for
          Bagi Bank Umum.                                                 Commercial Banks.
      12. Peraturan OJK No. 37/POJK.03/2019                           12. OJK Regulation No. 37/POJK.03/2019,
          tanggal 19 Desember 2019 tentang                                dated December 19, 2019, concerning
          Transparansi Dan Publikasi Laporan                              Transparency and Publication of Bank
          Bank.                                                           Reports.

      13. Peraturan    Bank     Indonesia    No.                      13. Bank      Indonesia    Regulation   No.
          23/17/PBI/2021 tanggal 17 Desember                              23/17/PBI/2021, dated December 17,
          2021 tentang Perubahan Ketiga atas                              2021, concerning the Third Amendment to
          Peraturan        Bank        Indonesia                          Bank      Indonesia    Regulation   No.
          No.20/4/PBI/2018     Tentang     Rasio                          20/4/PBI/2018      on    Macroprudential
          Intermediasi   Makroprudensial    dan                           Intermediation Ratio and Macroprudential
          Penyangga Likuiditas Makroprudensial                            Liquidity Buffer for Conventional Banks,
          Bagi Bank Umum Konvensional, Bank                               Sharia Banks, and Sharia Business Units.
          Umum Syariah, dan Unit Usaha Syariah.
      14. Surat Edaran OJK No.14/SEOJK.03/2015                        14. OJK        Circular     Letter      No.
          tanggal 25 Mei 2015 tentang Penerapan                           14/SEOJK.03/2015, dated May 25, 2015,
          Manajemen Risiko Terintegrasi Bagi                              concerning    the   Implementation    of
          Konglomerasi Keuangan.                                          Integrated Risk Management for Financial
                                                                          Conglomerates.
      15. Surat Edaran OJK No.15/SEOJK.03/2015                        15. OJK        Circular     Letter      No.
          tanggal 25 Mei 2015 tentang Penerapan                           15/SEOJK.03/2015, dated May 25, 2015,
          Tata     Kelola   Terintegrasi    bagi                          concerning    the   Implementation    of
          Konglomerasi Keuangan.                                          Integrated Governance for Financial
                                                                          Conglomerates.
      16. Surat Edaran OJK No.34/SEOJK.03/2016                        16. OJK        Circular     Letter      No.
          tanggal 1 September 2016 tentang                                34/SEOJK.03/2016, dated September 1,
          Penerapan Manajemen Risiko Bagi Bank                            2016, concerning the Implementation of
          Umum.                                                           Risk Management for Commercial Banks.
      17. Surat Edaran OJK No.13/SEOJK.03/2017                        17. OJK        Circular     Letter      No.
          tanggal 17 Maret 2017 tentang                                   13/SEOJK.03/2017, dated March 17,
          Penerapan Tata Kelola Bagi Bank Umum.                           2017, concerning the Implementation of
                                                                          Governance for Commercial Banks.



                                                        316
Page 768
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                             51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah             The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                 below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan               regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                    Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                e.    Risk Management (continued)

      Dasar      Penerapan     Manajemen       Risiko                  Basis for Risk Management Implementation
      (lanjutan)                                                       (continued)

      Dalam penerapan manajemen risiko, BTN                            In the implementation of risk management, BTN
      senantiasa patuh dan taat terhadap regulasi dan                  consistently adheres to and complies with the
      perundang-undangan yang berlaku di Indonesia                     regulations and laws applicable in Indonesia by
      dengan mengacu pada: (lanjutan)                                  referring to: (continued)


      18.Surat Edaran OJK No.14/SEOJK.03/2017                          18. OJK       Circular       Letter    No.
         tanggal 17 Maret 2017 tentang Penilaian                           14/SEOJK.03/2017, dated March 17,
         Tingkat Kesehatan Bank Umum.                                      2017, concerning the Assessment of the
                                                                           Health Level of Commercial Banks.
      19.Surat Edaran OJK No. 6/SEOJK.03/2020                          19. OJK       Circular       Letter    No.
         tanggal 29 April 2020 tentang Perhitungan                         6/SEOJK.03/2020, dated April 29, 2020,
         Aset Tertimbang Menurut Risiko untuk                              concerning the Calculation of Risk-
         Risiko Operasional dengan Menggunakan                             Weighted Assets for Operational Risk
         Pendekatan Standar Bagi Bank Umum.                                Using the Standard Approach for
                                                                           Commercial Banks.
      20.Surat Edaran OJK No.16/SEOJK.04/2021                          20. OJK             Circular         Letter
         tanggal 29 Juni 2021 tentang Bentuk dan Isi                       No.16/SEOJK.04/2021 dated June 29,
         Laporan Tahunan Emiten Atau Perusahaan                            2021 regarding the Form and Content of
         Publik                                                            the Annual Report of Issuers or Public
                                                                           Companies.
      21.Undang Undang No.4 Tahun 2023 tentang                         21. Law No.4 of 2023 on the Development
         Pengembangan dan Penguatan Sektor                                 and Strengthening of the Financial
         Jasa Keuangan (UU P2SK)                                           Services Sector (UU P2SK)
      22.Peraturan Lembaga Penjamin Simpanan                           22. Lembaga        Penjamin       Simpanan
         No. 2 Tahun 2024 tanggal 13 Agustus 2024                          Regulation No. 2 Year 2024 dated
         tentang Rencana Resolusi Bagi Bank                                August 13, 2024 regarding Resolution
         Umum.                                                             Plan for Commercial Banks.
      23.Peraturan OJK No. 22 Tahun 2023 perihal                       23. OJK Regulation No. 22 of 2023
         Perubahan Kedua Peraturan OJK No.                                 concerning the Second Amendment to
         11/POJK.03/2016 tanggal 2 Februari 2016                           OJK Regulation No. 11/POJK.03/2016
         tentang Kewajiban Penyediaan Modal                                dated February 2, 2016, concerning the
         Minimum Bank Umum.                                                Minimum Capital Requirement for
                                                                           Commercial Banks.
      24.SEOJK No 24/SEOJK.03/2021 tanggal                             24. OJK       Circular       Letter    No.
         7 Oktober 2021 tentang Perhitungan Aset                           24/SEOJK.03/2021, dated October 7,
         Tertimbang Menurut Risiko untuk Risiko                            2021, concerning the Calculation of
         Kredit dengan menggunakan Pendekatan                              Risk-Weighted Assets for Credit Risk
         Standar Bagi Bank Umum                                            Using the Standard Approach for
                                                                           Commercial Banks.
      25.SEOJK No. 23/SEOJK.03/2022 tanggal                            25. OJK       Circular       Letter    No.
         7 Desember 2022 tentang Perhitungan                               23/SEOJK.03/2022, dated December 7,
         Aset Tertimbang Menurut Risiko untuk                              2022, concerning the Calculation of
         Risiko Pasar Bagi Bank Umum                                       Risk-Weighted Assets for Market Risk
                                                                           for Commercial Banks.




                                                        317
Page 769
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                    below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                  regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                       Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                   e.    Risk Management (continued)

      Dasar      Penerapan      Manajemen        Risiko                   Basis for Risk Management Implementation
      (lanjutan)                                                          (continued)

      Dalam penerapan manajemen risiko, BTN                               In the implementation of risk management, BTN
      senantiasa patuh dan taat terhadap regulasi dan                     consistently adheres to and complies with the
      perundang-undangan yang berlaku di Indonesia                        regulations and laws applicable in Indonesia by
      dengan mengacu pada: (lanjutan)                                     referring to: (continued)


     26. Peraturan Menteri Badan Usaha Milik Negara                        26. Minister of State-Owned Enterprises
         Nomor PER-2/MBU/03/2023 Tahun 2023                                    Regulation No. PER-2/MBU/03/2023,
         tanggal 24 Maret 2023 tentang Pedoman                                 dated March 24, 2023, concerning
         Tata Kelola dan Kegiatan Korporasi                                    Guidelines   for  Governance    and
         Signifikan Badan Usaha Milik Negara.                                  Significant Corporate Activities of
                                                                               State-Owned Enterprises.

      Bank melakukan manajemen risiko yang meliputi                      Bank conducts risk management, which
      seluruh jenis risiko yang wajib dilakukan dan                      encompasses all types of risks that must be
      ditanamkan secara mendarah daging oleh                             undertaken and ingrained at all levels of the
      seluruh jenjang organisasi melalui penerapan                       organisation through the implementation of a risk
      Budaya Risiko. Selain itu, BTN juga menerapkan                     culture. In addition, BTN also implements
      pemantauan, tindak lanjut, serta penilaian indeks                  monitoring, follow-up, and comprehensive
      maturitas manajemen risiko secara terintegrasi                     integrated assessment of the risk management
      menyeluruh di setiap level organisasi BTN yang                     maturity index at every level of the BTN
      menjadi bagian tidak terpisahkan              dari                 organisation, making it an integral part of BTN's
      manajemen Risiko BTN.                                              risk management.
      Dalam mengantisipasi tantangan ekonomi                             In anticipating domestic and global economic
      domestik maupun global yang akan dihadapi                          challenges that Bank will face, considering BTN's
      BTN mengingat portofolio aset Bank yang                            asset portfolio is dominated by home ownership
      didominasi oleh Kredit Pemilikan Rumah (KPR)                       loans (KPR), an effective and integrated risk
      maka dibutuhkan suatu sistem pengelolaan risiko                    management and capital management system is
      dan permodalan yang efektif dan terintegrasi,                      required. This system should support sustainable
      yang mampu mendukung pencapaian dan                                performance achievement and growth while
      pertumbuhan kinerja secara berkelanjutan                           simultaneously       enhancing     the     bank's
      sekaligus meningkatkan daya saing Bank.                            competitiveness.




                                                           318
Page 770
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                 51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                 The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                     below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                   regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                        Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                    e.    Risk Management (continued)
      Upaya meminimalkan dampak negatif tersebut                          Efforts to minimise the negative impact are
      dilakukan dengan pengelolaan risiko secara day                      carried      out    through    day-to-day     risk
      to day risk management activities, dengan                           management activities based on the principles
      berlandaskan     prinsip    Good     Corporate                      of good corporate governance (GCG) to ensure
      Governance (GCG) untuk memastikan seluruh                           that all processes and mechanisms occurring to
      proses dan mekanisme yang terjadi dalam                             achieve the company's goals prevent the
      mencapai tujuan perusahaan, mencegah                                company from deviations and risks that can lead
      perusahaan dari penyimpangan dan risiko yang                        to failure in achieving the company's objectives,
      dapat mengakibatkan kegagalan pencapaian                            and based on the principle of prudence to
      tujuan perusahaan, serta berlandaskan prinsip                       ensure the bank's healthy and sustainable
      kehati-hatian untuk memastikan pertumbuhan                          performance growth.
      kinerja Bank yang sehat dan berkesinambungan.

      Bank menerapkan pengelolaan risiko guna                             Bank implements risk management to practice
      menjalankan praktik tata kelola perusahaan yang                     good corporate governance and aims to
      baik dan bertujuan untuk meminimalkan potensi                       minimise potential losses, as well as as a
      kerugian, tetapi juga sebagai strategi proaktif                     proactive strategy to achieve organisational
      untuk mencapai tujuan organisasi dengan lebih                       goals more effectively and efficiently. BTN's risk
      efektif dan efisien. Praktik pengelolaan risiko                     management practices are guided by Bank
      BTN berpedoman pada Peraturan Bank                                  Indonesia Regulations (PBI), Financial Services
      Indonesia (PBI), Peraturan Otoritas Jasa                            Authority Regulations (POJK), Basel, and best
      Keuangan (POJK), Basel dan standar best                             practice standards. Risk management policies
      practices. Kebijakan pengelolaan manajemen                          are regularly reviewed to remain current with
      risiko ditinjau secara rutin agar terkini sesuai                    changes in business conditions, regulations,
      dengan perubahan kondisi bisnis, regulasi                           and the bank's internal conditions.
      maupun kondisi internal Bank.

      Dalam rangka mengukur tingkat kualitas                              In order to measure the level of design quality
      rancangan       dan      efektivitas    penerapan                   and effectiveness of risk management
      manajemen risiko dalam melindungi dan                               implementation in protecting and creating value,
      menciptakan nilai, Bank telah melakukan                             the Bank has conducted a performance-based
      penilaian Tingkat kematangan risiko (Risk                           Risk Maturity Index (RMI) assessment for the
      Maturity Index/RMI) berbasis kinerja tahun buku                     financial year 2023. This assessment combines
      2023. Penilaian ini menggabungkan penilaian                         assessment based on dimensions (risk culture
      berdasarkan dimensi (budaya dan kapabilitas                         and capability; organization and governance;
      risiko; organisasi dan tata kelola; kerangka risiko                 risk and compliance framework; risk process
      dan kepatuhan; proses dan kontrol risiko, model,                    and control, risk model, data and technology)
      data dan teknologi risiko) dengan realisasi kinerja                 with performance realization consisting of Final
      yang terdiri dari Tingkat Kesehatan Peringkat                       Rating Health Level and Risk Composite
      Akhir (Final Rating) dan Peringkat Komposit                         Rating.     Furthermore,    based     on     the
      Risiko. Selanjutnya atas rekomendasi dan                            recommendations and prioritization of the RMI
      prioritisasi penilaian RMI tersebut disusun peta                    assessment, a roadmap for risk management
      jalan (roadmap) perbaikan manajemen risiko                          improvement for 2024-2029 was prepared.
      tahun 2024 -2029.




                                                            319
Page 771
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                               51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah               The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                   below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                 regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                      Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)
   e. Manajemen Risiko (lanjutan)                                  e.    Risk Management (continued)
      Manajemen Risiko dilaksanakan secara Individu                     Risk Management is implemented both
      dan konsolidasi/terintegrasi (apabila BTN telah                   individually and in a consolidated/integrated
      memiliki Perusahaan Anak) dengan tetap                            manner (if BTN has subsidiaries), while still
      memperhatikan regulasi dan karakteristik bisnis                   considering regulations and BTN's business
      BTN. Pelaksanaan penerapan Manajemen                              characteristics. The implementation of BTN's
      Risiko Terintegrasi BTN diatur dalam ketentuan                    Integrated Risk Management is governed by
      tersendiri sesuai ketentuan Regulator yang                        separate provisions in accordance with the
      berlaku. Kebijakan Umum Manajemen Risiko                          applicable regulatory requirements. The
      dijadikan sebagai pedoman utama dalam                             General Risk Management Policy serves as the
      melaksanakan pengelolaan Risiko secara                            primary guideline for operational risk
      operasional dan pengelolaan modal BTN, yang                       management and capital management at BTN,
      mencakup:                                                         which includes:
       1. Prinsip kehati-hatian pada setiap aspek                       1. Principles of prudence in every aspect of
          proses dan aktivitas bisnis BTN, antara lain:                    BTN's business processes and activities,
          Management         Portfolio,     Kebijakan                      including:      Management       Portfolio,
          Perkreditan/Pembiayaan,         Penyediaan                       Credit/Financing      Policies,   Capital
          Kecukupan Modal, Early Warning System                            Adequacy, Early Warning System for SME
          untuk kredit UMKM dan Wholesale,                                 and Wholesale credit, Limit Setting, and
          Penetapan Limit, dan Diversifikasi Risiko.                       Risk Diversification.
       2. Manajemen Risiko, antara lain: Risk                            2. Risk Management, including: Risk Appetite,
          Appetite, Risk Tolerance, Risk Profile,                           Risk Tolerance, Risk Profile, Stress Testing,
          Stress Testing, dan Manajemen Risiko                              and Integrated Risk Management (if BTN
          Terintegrasi (apabila BTN telah memiliki                          has subsidiaries). In implementing Risk
          Perusahaan Anak). Dalam penerapan                                 Management, BTN applies the 4 (four)
          Manajemen Risiko, BTN menerapkan 4                                pillars of Risk Management effectively in
          (empat) pilar Manajemen Risiko secara                             accordance with regulatory requirements,
          efektif sesuai dengan ketentuan Regulator                         namely:
          yakni:
          a. Pengawasan aktif Direksi dan Dewan                              a. Active oversight by the Board of
              Komisaris;                                                        Directors     and        Board    of
                                                                                Commissioners;
           b. Kecukupan kebijakan dan prosedur                               b. Adequacy of risk management
              manajemen risiko serta penerapan limit                            policies   and    procedures    and
              risiko;                                                           implementation of risk limits;
           c. Kecukupan      proses      identifikasi,                       c. Adequacy of risk identification,
              pengukuran,     pemantauan          dan                           measurement, monitoring, and control
              pengendalian Risiko serta Sistem                                  processes,   as well as Risk
              Informasi Manajemen Risiko; dan                                   Management Information Systems;
                                                                                and
          d. Sistem pengendalian risiko yang                                 d. Comprehensive risk control systems.
              menyeluruh.
       3. Manajemen Risiko untuk masing-masing                          3.   Risk Management for each type of risk,
          jenis Risiko, yang meliputi: proses                                which includes: processes for identifying,
          identifikasi, pengukuran, pemantauan, dan                          measuring, monitoring, and controlling risk
          pengendalian Risiko.
       4. Pengawasan Risiko, yang meliputi:                             4.   Risk Oversight, which includes: monitoring
          pemantauan                     penerapan                           the implementation of risk management
          aktivitas/metodologi pengelolaan Risiko                            activities/methodologies   and    Internal
          Bank dan Sistem Pengendalian Internal.                             Control Systems.



                                                          320
Page 772
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)

   Informasi tambahan berikut yang disajikan dibawah             The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                 below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan               regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                    Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                e.    Risk Management (continued)

      Manajemen Risiko dilaksanakan secara Individu                    Risk Management is implemented both
      dan konsolidasi/terintegrasi (apabila BTN telah                  individually and in a consolidated/integrated
      memiliki Perusahaan Anak) dengan tetap                           manner (if BTN has subsidiaries), while still
      memperhatikan regulasi dan karakteristik bisnis                  considering regulations and BTN's business
      BTN. Pelaksanaan penerapan Manajemen                             characteristics. The implementation of BTN's
      Risiko Terintegrasi BTN diatur dalam ketentuan                   Integrated Risk Management is governed by
      tersendiri sesuai ketentuan Regulator yang                       separate provisions in accordance with the
      berlaku. Kebijakan Umum Manajemen Risiko                         applicable regulatory requirements. The
      dijadikan sebagai pedoman utama dalam                            General Risk Management Policy serves as the
      melaksanakan pengelolaan risiko secara                           primary guideline for operational risk
      operasional dan pengelolaan modal BTN, yang                      management and capital management at BTN,
      mencakup: (lanjutan)                                             which includes: (continued)

      5.   Dalam penerapan Manajemen Risiko,                          5.   In implementing Risk Management, the
           Bank menetapkan klasifikasi risiko BUMN                         Bank classifies BUMN risks based on the
           berdasarkan tingkat Intensitas Risiko                           level of Risk Intensity, considering the size
           dengan mempertimbangkan dimensi                                 and complexity dimensions of BTN in
           ukuran dan kompleksitas BTN sesuai                              accordance with the applicable regulatory
           dengan ketentuan Regulator yang berlaku                         requirements in the banking industry.
           pada industri perbankan.
      6.   Climate Risk Management & Analysis                         6.   Climate Risk Management & Analysis for
           dalam rangka manajemen risiko iklim                             managing climate risk in the banking
           pada industri perbankan, khususnya                              industry, particularly concerning its impact
           terkait dampaknya terhadap risiko kredit,                       on credit, market, liquidity, and operational
           pasar, likuiditas, dan operasional Bank.                        risks of the Bank.
      7.   Climate Risk Management & Scenario                         7.   Climate Risk Management & Scenario
           Analysis dalam rangka manajemen risiko                          Analysis for managing climate risk in the
           iklim pada industri perbankan, khususnya                        banking industry, particularly concerning its
           terkait dampaknya terhadap risiko kredit,                       impact on credit, market, liquidity, and
           pasar, likuiditas, dan operasional Bank.                        operational risks of the Bank.

      Dalam menjalankan penerapan manajemen                           To implement sound risk management,
      risiko yang sehat diperlukan kecukupan                          adequate risk management policies and
      kebijakan dan prosedur manajemen risiko yang                    procedures are essential. The mapping of
      baik. Pemetaan kebijakan umum manajemen                         general risk management policies is outlined in
      risiko digambarkan mulai         dari   strategi                the    risk    management       strategy,     risk
      manajemen risiko, pengelolaan risiko pada Bank                  management within the bank, and the expected
      dan output yang diharapkan adalah Tingkat                       output, which is a healthy bank health level.
      Kesehatan Bank yang sehat.

      BTN telah mengembangkan strategi manajemen                      BTN has developed a risk management
      risiko yang sejalan dengan tujuan bisnisnya,                    strategy that aligns with its business objectives
      dengan menerapkan Risk Appetite Framework                       by implementing a Risk Appetite Framework to
      untuk menetapkan batas risiko yang dapat                        establish acceptable risk limits in accordance
      diterima sesuai dengan risk capacity Bank.                      with the Bank’s risk capacity.




                                                         321
Page 773
                                                                         The original financial statements included herein are in the
                                                                                                               Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                                 PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                     51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                     The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                         below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                       regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                            Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                        e. Risk Management (continued)

      BTN telah memiliki Risk Appetite Statement                             BTN has a Risk Appetite Statement (RAS) which
      (RAS) yang merupakan pernyataan kualitatif                             provides both qualitative and quantitative
      serta ukuran kuantitatif dari risiko-risiko utama                      measures of the Bank's key risks. The RAS is
      Bank. Pengungkapan RAS dilakukan secara                                disclosed in writing and thoroughly documented
      tertulis dan didokumentasikan dengan baik oleh                         by the Risk Management Unit. The limits for the
      Satuan Kerja Manajemen Risiko. Penetapan                               RAS are established by the Board of
      Limit RAS dilakukan oleh Dewan Komisaris dan                           Commissioners and the Board of Directors.
      Direksi.    Dalam   penetapan RAS, telah                               When setting the RAS, considerations include
      memperhatikan       keberlanjutan         ekonomi,                     economic         sustainability,    environmental
      keberlanjutan lingkungan dan keberlanjutan                             sustainability, and social sustainability, which are
      sosial yang kemudian diselaraskan pada                                 then integrated into the development of the
      penyusunan       Rencana      Kerja      Anggaran                      Company’s Budget Work Plan, Risk Appetite,
      Perusahaan, Risk Appetite, Risk Tolerance dan                          Risk Tolerance, and Recovery Plan.
      Recovery Plan.

      Guna melengkapi pengukuran risiko khususnya                            In measuring risks, particularly market risk and
      risiko pasar dan risiko likuiditas, Bank melakukan                     liquidity risk, the Bank conducts stress testing
      stress test dengan worst case scenario. Selain                         using worst case scenario in addition to scenario
      melakukan scenario analysis terhadap aktivitas                         analysis of the Bank's activities as a whole. The
      bank secara keseluruhan, Bank juga melakukan                           Bank also performs scenario analysis on specific
      scenario analysis terhadap aktivitas tertentu,                         activities, especially new activity, which could
      khususnya aktivitas baru, yang berpotensi                              potentially increase the interest rate risk
      meningkatkan eksposur risiko suku bunga.                               exposure. Currently, the stress tests conducted
      Stress Test yang dilakukan oleh Bank fokus pada                        by the Bank is focused on 3 (three) types of risks,
      3 (tiga) jenis risiko yaitu risiko kredit, risiko pasar                namely, credit risk, market risk (including interest
      dan risiko likuiditas. Untuk menyempurnakan                            rate risk) and liquidity risk.To improve the
      pengukuran risiko khususnya risiko pasar, risiko                       measurement of market risk, liquidity risk and
      likuiditas dan risiko kredit, Bank melakukan                           credit risk, the Bank conduct stress test on worst
      stress test terhadap worst case scenario                               case scenario        as regulated in PT.8-A.6
      sebagaimana          diatur      dalam        PT.8-A.6                 Implementation for Stress Testing regarding The
      Pelaksanaan Stress Test perihal Petunjuk                               Guidelines of Implementation for Stress Testing
      Pelaksanaan Stress Testing dengan frekuensi                            with a minimum frequency of 1 (one) year for
      minimal 1 (satu) tahun sekali untuk risiko kredit                      credit risk and market risk and quarterly for
      dan risiko pasar serta per triwulan untuk risiko                       liquidity risk.
      likuiditas.

      Bank melakukan stress testing secara berkala                           The Bank conducts periodic stress testing to
      untuk menilai kecukupan modal dalam hal                                assess capital adequacy in anticipation of the
      terjadinya kejadian-kejadian risiko yang bersifat                      occurrence of risk events that are extreme or
      ekstrim atau catastrophe. Stress Testing Risiko                        catastrophic. Stress Testing for liquidity risk has
      Likuiditas telah dilakukan sebanyak 2 kali yaitu                       been carried out 2 times, which is submitted
      disampaikan melalui laporan Profil Risiko                              through the Risk Profile report for Quarter I/2024
      Triwulan I/2024 dan Triwulan II/2024. Stress                           and Quarter II/2024. Market Risk and Credit Risk
      Testing Risiko Kredit dan Risiko Pasar dilakukan                       Stress Testing is conducted at least once a year
      sedikitnya sekali dalam satu tahun dan dilakukan                       and conducted once in 2024 and the report will
      sebanyak 1 kali dimana pelaporan tahun 2024                            be submitted to the OJK.
      akan disampaikan kepada OJK.




                                                                322
Page 774
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                              51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah              The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                  below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                     Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                 e.    Risk Management (continued)

      Dalam      melakukan      proses    penerapan                     In carrying out an effective Risk Management
      Manajemen Risiko yang efektif, Bank melengkapi                    process, the Bank supports its internal control
      sistem pengendalian internal yang bertujuan                       system to protect the Bank's assets, ensure
      untuk menjaga aset Bank, menjamin tersedianya                     reliable financial and managerial reporting,
      pelaporan keuangan dan manajerial yang dapat                      enhance compliance with laws and regulations,
      dipercaya, meningkatkan kepatuhan terhadap                        and minimize the risk of losses, deviations, and
      ketentuan dan peraturan perundang-undangan,                       breaches of prudence. The establishment of a
      serta mengurangi risiko terjadinya kerugian,                      reliable and effective internal control system is
      penyimpangan dan pelanggaran aspek kehati-                        the responsibility of all operational units,
      hatian. Terselenggaranya sistem pengendalian                      supporting units, and the Internal Audit Unit.
      internal yang handal dan efektif menjadi
      tanggung jawab dari seluruh satuan kerja
      operasional dan satuan kerja pendukung serta
      Satuan Kerja Audit Internal.

      Dalam penguatan kebijakan dan prosedur                           In strengthening risk management policies and
      manajemen risiko, dalam pelaksanaannya BTN                       procedures, BTN also incorporates risk
      juga memasukkan manajemen risiko sebagai                         management as one of the pillars of BTN’s
      salah satu pilar budaya perusahaan BTN, dimana                   corporate culture. One of these cultural pillars is
      salah satu pilar budaya perusahaan adalah                        Governance & Risk Culture. The Governance &
      Governance & Risk Culture. Pilar Governance &                    Risk Culture pillar is crucial to reinforce, ensuring
      Risk Culture merupakan pilar yang krusial untuk                  that all business processes are conducted
      diperkuat sehingga seluruh proses bisnis                         prudently and in compliance.
      berjalan dengan prudent dan comply.

      Dalam       rangka      meningkatkan        dan                  In order to improve and optimize services to the
      mengoptimalkan pelayanan kepada masyarakat                       public, especially in the Commercial and
      khususnya dalam bisnis Commercial dan                            Corporate Loan business, as well as to increase
      Corporate Loan serta meningkatkan pendapatan                     Bank revenue through the provision of Credit
      Bank dapat melalui pemberian fasilitas Credit                    Line facilities to Non-Financial Institutions. In the
      Line kepada Non Lembaga Keuangan. Dalam                          process of granting Credit Line Facilities for Non-
      proses pemberian Fasilitas Credit Line kepada                    Financial Institutions, the credit risk management
      Non Lembaga Keuangan sudah melibatkan unit                       unit has been involved, starting from data
      manajemen risiko kredit mulai dari pengumpulan                   collection to the decision process for granting
      data hingga proses keputusan pemberian                           Credit Line Facilities for Non-Financial
      Fasilitas Credit Line kepada Non Lembaga                         Institutions. The results of the limit determination
      Keuangan. Hasil penetapan limit fasilitas Credit                 of Credit Line facilities to Counterparties are
      Line kepada Counterparty didasarkan atas                         based on analysis of legal aspects, company
      analisa aspek legal, rating perusahaan, aspek                    ratings, management aspects, financial aspects,
      manajemen, aspek keuangan, aspek industri,                       industrial aspects, marketing aspects, and
      aspek pemasaran, dan aspek agunan.                               collateral aspects. Market Risk Management
      Manajemen Risiko Pasar juga melakukan                            also monitors transactions on Credit Line facility
      pengawasan transaksi terhadap limit fasilitas                    limits for Non-Financial Institutions on a daily
      Credit Line kepada Non Lembaga Keuangan                          basis.
      secara harian.




                                                         323
Page 775
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                 51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                 The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                     below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                   regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                        Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                    e.    Risk Management (continued)

      Struktur Manajemen Risiko                                            Risk Management Structure

      Tata kelola risiko Bank yang berlandaskan                            The Bank’s risk governance, which is based on
      prinsip GCG terwujud dari terlibatnya seluruh                        the principles of GCG, involves the entire Bank
      organ Bank dalam pengelolaan manajemen                               in managing risks. This can be seen in the
      risiko. Hal ini dapat dilihat dari susunan                           composition of the Bank's risk management
      organisasi manajemen risiko Bank. Dewan                              organizational structure. The Board of
      Komisaris dan Direksi bertanggung jawab untuk                        Commissioners (BOC) and Board of Directors
      memastikan penerapan Manajemen Risiko telah                          (BOD) are responsible for ensuring the proper
      memadai      sesuai     dengan       karakteristik,                  implementation of risk management in
      kompleksitas dan profil risiko Bank. Dewan                           accordance to the characteristics, complexity
      Komisaris dan Direksi berperan aktif pada proses                     and risk profile of the Bank. The BOC and BOD
      manajemen risiko dalam rangka memitigasi risiko                      play an active role in the risk management
      Bank melalui Kualitas Penerapan Manajemen                            process in order to mitigate the risk of the Bank
      Risiko yang meliputi tata kelola risiko, kerangka                    through Quality of Risk Management
      manajemen risiko, proses manajemen risiko,                           Implementation which covers risk governance,
      kecukupan sumber daya manusia, dan                                   risk management framework, risk management
      kecukupan sistem informasi manajemen risiko,                         process, the adequacy of human resources and
      serta kecukupan sistem pengendalian risiko.                          risk management information systems, as well
                                                                           as the adequacy of risk management systems.

      Komite Pemantau Risiko                                              Risk Monitoring Committee

      Komite Pemantau Risiko bertugas dan                                 The Risk Monitoring Committee is responsible
      bertanggung     jawab     dalam      memberikan                     for providing recommendations to the Board of
      rekomendasi kepada Dewan Komisaris dengan                           Commissioners by evaluating the Bank's risk
      melakukan evaluasi atas pedoman kebijakan                           management policy guidelines (Credit Risk,
      manajemen risiko Bank (Risiko Kredit, Risiko                        Market Risk, Liquidity Risk, Operational Risk,
      Pasar, Risiko Likuiditas, Risiko Operasional,                       Strategic    Risk,    Compliance    Risk    and
      Risiko Hukum, Risiko Stratejik, Risiko Kepatuhan                    Reputational Risk), evaluating according to the
      dan Risiko Reputasi), melakukan evaluasi                            policy guidelines and monitoring the duties of
      kesesuaian     antara    pedoman        kebijakan                   Risk Management Comittee. In carrying out its
      manajemen risiko dengan pelaksanaannya dan                          duties, the Risk Monitoring Committee with the
      melakukan pemantauan serta mengevaluasi                             Enterprise Risk Management Division regularly
      pelaksanaan tugas Komite Manajemen Risiko                           discuss issues about Risk Profile, Bank
      dan Satuan Kerja Manajemen Risiko. Dalam                            Soundness Level, Recovery Plan and other
      melaksanakan tugas dan tanggung jawabnya,                           matters related to Bank risk management
      Komite Pemantau Risiko mengadakan rapat                             including reviewing the Risk Management Policy
      dengan Enterprise & ESG Risk Management                             Guidelines in which there are Risk Appetite and
      Division serta Digital Operations Risk Division                     Risk Tolerance Bank.
      secara berkala membahas isu-isu terkini, Profil
      Risiko Triwulanan, Tingkat Kesehatan Bank,
      Recovery Plan dan hal-hal yang terkait dengan
      manajemen risiko Bank termasuk ikut mereview
      Pedoman Kebijakan Manajemen Risiko yang
      didalamnya terdapat Risk Appetite dan Risk
      Tolerance Bank.




                                                            324
Page 776
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                             51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah             The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                 below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan               regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                    Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                e. Risk Management (continued)

      Struktur Manajemen Risiko (lanjutan)                           Risk Management Structure (continued)
      Komite Manajemen Risiko                                        Risk Management Committee

      Komite Manajemen Risiko (KMR) berperan aktif                    The Bank’s Risk Management Committee
      dalam memberikan pertimbangan-pertimbangan                      (RMC) is actively involved in providing advice
      terhadap risiko yang melekat pada kebijakan                     on the inherent risks associated to new policies
      yang akan ditetapkan Direksi maupun                             to be established by the BOD and providing
      memberikan evaluasi terhadap ketentuan-                         evaluation to the regulations that are considered
      ketentuan yang dinilai kurang sesuai dengan                     to be outdated and require updating. The RMC
      perkembangan terkini dan perlu dilakukan                        is also actively involved in conducting risk
      penyesuaian. KMR terlibat secara aktif dalam                    measurement of the risks associated to new
      melakukan penilaian risiko yang melekat pada                    products and/or services to enable the Bank to
      setiap produk dan/atau jasa/aktivitas baru                      take the necessary mitigating actions. The RMC
      sehingga Bank dapat melakukan langkah-                          may evaluate the Risk Management Policy
      langkah mitigasi yang diperlukan. Selain itu                    Guidelines, if necessary.
      apabila dipandang perlu, KMR dapat melakukan
      evaluasi    terhadap    Pedoman     Kebijakan
      Manajemen Risiko (PKMR).

      Komite ESG                                                     ESG Committee

      Komite ESG berperan dalam memetakan dan                        The ESG Committee plays a role in mapping and
      menyusun kebijakan/strategi Program ESG dan                    formulating policies/strategies for the ESG and
      TJSL serta melakukan monitoring dan evaluasi                   SJSL Program as well as monitoring and
      pelaksanaan Program ESG dan TJSL. Komite                       evaluating the implementation of the ESG and
      ESG menetapkan langkah-langkah perbaikan                       SJSL Program. The ESG Committee determines
      mengenai hal-hal yang berkaitan dengan                         corrective measures on matters relating to the
      Program ESG dan TJSL mencakupi Community                       ESG and CSR Programs including Community
      Development, Pendanaan Usaha Mikro dan Kecil                   Development, Funding for Micro and Small
      (PUMK),      Rencana        Aksi    Keuangan                   Enterprises (PUMK), Sustainability Finance
      Keberlanjutan, serta kegiatan bisnis dalam                     Action Plan, as well as business activities in the
      rangka tanggung jawab Bank              kepada                 context of the Bank's responsibility to the
      masyarakat atas risiko bisnis yang ditimbulkan                 community for business risks incurred by the
      oleh Bank dan melaporkannya kepada Direksi.                    Bank and reports them to the Board of Directors.
      Selain itu, Komite ESG juga memantau                           In addition, the ESG Committee also monitors
      penerapan monitoring atas implementasi Strategi                the implementation of the Bank's ESG Strategy
      dan Roadmap ESG Bank.                                          and Roadmap.




                                                        325
Page 777
                                                                The original financial statements included herein are in the
                                                                                                      Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                        PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                            51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah            The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan              regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                   Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                               e. Risk Management (continued)

      Struktur Manajemen Risiko (lanjutan)                          Risk Management Structure (continued)
      Satuan Kerja Manajemen Risiko                                 Risk Management Division
      Enterprise & ESG Risk Management Division                     Enterprise & ESG Risk Management Division
      (ERMD) merupakan Satuan Kerja Manajemen                       (ERMD) is a Risk Management Working Unit
      Risiko (SKMR) pada Bank, dipimpin oleh seorang                (RMWU) at the Bank, led by a Division Head that
      Kepala Divisi yang bertanggung jawab langsung                 is responsible directly to the Enterprise Risk
      kepada Direktur Risk Management. Struktur                     Management, Big Data & Analytics Director. The
      organisasi Enterprise & ESG Risk Management                   organizational structure of the ERMD consists of
      Division terdiri dari Market Risk Management                  the Market Risk Management Department, Credit
      Department, Credit Portofolio Risk Management                 Portofolio Risk Management Department,
      Department, Integrated Risk Management                        Integrated Risk Management Department,
      Department,      Environmental,    Social,   &                Environmental, Social, & Governance (ESG)
      Governance (ESG) Department dan Model                         Department and Model Validation.
      Validation.

      Satuan Kerja Manajemen Risiko Operasional &                   Digital & Operations Risk Management Division
      Digital
     Digital & Operations Risk Management Division                  Digital & Operations Risk Management Division
     (DORD) merupakan Satuan Kerja Manajemen                        (DORD) is a Risk Management Work Unit
     Risiko (SKMR) pada Bank, dipimpin oleh seorang                 (SKMR) at the Bank, led by a Division Head who
     Kepala Divisi yang bertanggung jawab langsung                  is directly responsible to the Director of Risk
     kepada Direktur Risk Management. Struktur                      Management. The organizational structure of the
     organisasi    Digital   &   Operations    Risk                 Digital & Operational Risk Management Division
     Management Division terdiri dari Fraud Risk                    consists of the Fraud Risk Management
     Management       Department,    Digital   Risk                 Department,      Digital   Risk    Management
     Management Department, Operational Risk                        Department, Operational Risk Management
     Management Department, Regional Operational                    Department, Regional Operational Risk Control
     Risk Control Department, dan Operational Risk                  Department, and Operational Risk Control
     Control (ORC) Departement yang terdiri dari 4                  Department (ORC) which consists of 4
     Bidang Direktorat yaitu ORC Retail Banking,                    Directorate Fields, namely ORC Retail Banking,
     ORC Wholesale Banking, ORC Risk & Assets                       ORC Wholesale Banking, ORC Risk & Assets
     Management, dan ORC Operation & Human                          Management, and ORC Operation & Human
     Capital.                                                       Capital.

     Bank telah memiliki panduan kebijakan di bidang                The Bank’s risk management policies are
     manajemen risiko yaitu Pedoman Kebijakan                       formalized in the RMPM. RMPM sets out the
     Manajemen Risiko (PKMR) di mana di dalamnya                    minimum requirements based on Bank Indonesia
     telah mencakup ketentuan-ketentuan minimal                     regulations. A regular review is conducted on
     yang disyaratkan di dalam Peraturan Bank                       internal policies to comply with the prevailing
     Indonesia. Pengkajian ulang terhadap kebijakan                 regulations from regulatory bodies. Gap analysis
     internal juga dilakukan agar sesuai dengan                     are performed and best practices are applied to
     ketentuan terkini dari regulator dengan                        enhance the quality of the risk management
     melakukan gap analysis serta mengakomodasi                     implementation.
     best practices yang lazim digunakan untuk
     meningkatkan kualitas penerapan manajemen
     risiko.




                                                       326
Page 778
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                    below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                  regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                       Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)
   e. Manajemen Risiko (lanjutan)                                   e. Risk Management (continued)

      Struktur Manajemen Risiko (lanjutan)                              Risk Management Structure (continued)
      Kebijakan  dan   Prosedur           Pengelolaan                   Risk Management Policies and Procedures
      Manajemen Risiko
      Sistem informasi manajemen risiko pada tahap                      The Bank also performs risk management on
      awal difokuskan pada pengumpulan dan                              information systems which focuses on risk
      perbaikan database risiko yang diharapkan dapat                   database collection and improvement. The data
      dikembangkan dan diaplikasikan ke dalam                           is gradually developed and applied in the
      sistem teknologi informasi secara bertahap agar                   information technology system so that risk
      proses pengukuran risiko dan pemantauan risiko                    measurement and monitoring can be integrated
      dapat dilakukan secara terintegrasi dan dapat                     into the Bank’s risk management on a timely
      disajikan secara tepat waktu.                                     basis

      Profil Risiko                                                     Risk Profile
     Sesuai dengan POJK No. 18/POJK.03/2016                             In accordance with POJK No.18/POJK.03/2016
     tanggal 16 Maret 2016 dan SE OJK No.                               dated March 16, 2016 and SE OJK No.
     34/SEOJK.03/2016 tanggal 1 September 2016                          34/SEOJK.03/2016 dated September 1, 2016
     tentang Penerapan Manajemen Risiko Bagi Bank                       regarding on Risk Management for Commercial
     Umum, ERMD menyampaikan laporan profil                             Banks, ERMD submits on a quarterly basis a risk
     risiko kepada Otoritas Jasa Keuangan per                           profile report to the Financial Services Authority,
     triwulan yang memuat tentang eksposur risiko                       which contains exposure to credit risk, market
     kredit, risiko pasar, risiko likuiditas, risiko                    risk, liquidity risk, operational risk, compliance
     operasional, risiko kepatuhan, risiko hukum,                       risk, legal risk, reputational risk and strategic risk.
     risiko reputasi dan risiko stratejik. Selanjutnya                  Furthermore,         based      on     POJK        No.
     berdasarkan POJK No. 4/POJK.03/2016 tanggal                        4/POJK.03/2016 dated January 26, 2016 and
     26       Januari     2016       dan        SEOJK                   SEOJK No. 14/SEOJK.03/2017 dated March 17,
     No.14/SEOJK.03/2017 tanggal 17 Maret 2017                          2017 regarding a Bank’s health level, the
     tentang Penilaian Tingkat Kesehatan Bank                           assessment of the risk profile will cover the
     Umum, meliputi penilaian faktor profil risiko yang                 inherent risk and quality of risk management
     meliputi penilaian terhadap risiko inheren dan                     implementation through the operational activities
     kualitas penerapan manajemen                                       of the Bank.
     Secara umum, sesuai dengan penilaian secara                        In general, in accordance with the self-
     self assessment Profil Risiko Bank triwulan IV                     assessment of the Bank's Risk Profile for the
     tahun 2024 diupayakan tetap berada pada                            fourth quarter of 2024, it is strived to be at the
     tingkat Low to Moderate yang tercermin dari                        Low to Moderate level, which is reflected in the
     tingkat risiko inherent moderate dan tingkat                       moderate inherent risk level and satisfactory
     kualitas penerapan manajemen risiko dengan                         level of quality of risk management
     peringkat satisfactory. Risiko Inheren meliputi                    implementation. Inherent risks include business
     strategi bisnis, karakteristik bisnis, kompleksitas                strategy, business characteristics, complexity of
     produk dan aktivitas Bank, industri dimana Bank                    products and activities of the Bank, the industry
     melakukan kegiatan usaha, serta kondisi makro                      in which the Bank conducts business, as well as
     ekonomi. Kualitas Penerapan Manajemen Risiko                       macroeconomic conditions. The quality of risk
     meliputi tata kelola risiko, kerangka manajemen                    management implementation covers risk
     risiko, proses manajemen risiko, kecukupan                         governance, risk management framework, risk
     sumber daya manusia, dan kecukupan sistem                          management process, the adequacy of human
     informasi manajemen risiko, serta kecukupan                        resources and risk management information
     sistem pengendalian risiko.                                        systems, as well as the adequacy of the risk
                                                                        management system.implementation through the
                                                                        operational activities of the Bank.

                                                           327
Page 779
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                               51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah               The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                   below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                 regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                      Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                  e. Risk Management (continued)

      Risiko Operasional                                               Operational Risk
      Risiko Operasional yang timbul harus segera                      Operational risk arising should be anticipated.
      diantisipasi. Pencadangan modal yang dilakukan                   Provision of capital held by bank is calculated
      Bank dihitung berdasarkan kebutuhan modal                        based on minimum Capital Adequacy Ratio
      minimum (CAR) merupakan salah satu langkah                       (CAR) which is one of anticipatory measures in
      antisipasi agar eksposur Risiko Operasional tidak                order the operational risk exposure not interfere
      sampai mengganggu permodalan.                                    Bank’s capital structure.

      Dalam rangka menghitung kebutuhan modal                          In order to calculate the minimum Capital
      minimum (CAR) untuk risiko operasional, Bank                     Adequacy Ratio (CAR) for operational risk, the
      menerapkan Pendekatan Standar (Standardized                      Bank applies the Standardized Approach, in
      Approach), sesuai Surat Edaran Otoritas Jasa                     accordance with Financial Services Autority
      Keuangan Nomor 6/SEOJK.03/2020 tanggal 29                        Circular Letter No. 6/SEOJK.03/2020 dated April
      April 2020 tentang Perhitungan Aset Tertimbang                   29, 2020 regarding the calculation of Risk
      Menurut Risiko untuk Risiko Operasional dengan                   Weighted Assets (RWA) for Operational Risk
      Menggunakan Pendekatan Standar Bagi Bank                         Calculated using Standardized Approach (SA).
      Umum.

      Dalam penerapan manajemen risiko operasional,                    In implementing operational risk management,
      Digital and Operations Risk Management                           the Digital and Operations Risk Management
      Division (DORD) berfungsi memastikan proses                      Division (DORD) functions to ensure that the
      identifikasi, pengukuran, pemantauan dan                         process of identifying, measuring, monitoring and
      pengendalian risiko berjalan dengan efektif pada                 controlling risks runs effectively in every
      setiap aktivitas fungsional, produk atau layanan                 functional activity, new product or service.
      baru.

      Dalam rangka melakukan proses identifikasi                       In order to make the process of identifying risks,
      risiko, saat ini Bank sedang mengembangkan                       the Bank is currently developing applications
      aplikasi     Operational   Risk  Management                      Operations Risk Management Information
      Information System (ORMIS). Aplikasi ORMIS ini                   System (ORMIS). The ORMIS application
      terdiri dari tiga modul utama yang terintegrasi                  consists of three main integrated modules,
      yaitu LED, RCSA, dan KRI.                                        namely LED, RCSA, and KRI.

      Modul LED (Loss Event Database) dirancang                        The LED (Loss Event Database) module is
      terhubung dengan Kantor Wilayah dan Kantor                       designed to be connected to Regional Offices
      Cabang. Dengan demikian Kantor Wilayah dan                       and Branch Offices. In this way, Regional Offices
      Kantor    Cabang dapat        secara periodik                    and Branch Offices can periodically send loss
      mengirimkan data loss event masing-masing                        event data for each office online via ORMIS.
      kantor secara online melalui ORMIS.




                                                          328
Page 780
                                                                   The original financial statements included herein are in the
                                                                                                         Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                           PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                               51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah               The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                   below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                 regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                      Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                  e. Risk Management (continued)

      Risiko Operasional (lanjutan)                                    Operational Risk (continued)

      Data yang terkumpul selanjutnya akan diolah dan                  The Data collected will be processed and
      dianalisis. Dari hasil pengolahan dan analisis                   analyzed. Processing and analysis of the results
      tersebut diharapkan akan teridentifikasi peta                    are expected to be identified as a risk exposure
      eksposur risiko yang diperoleh, selanjutnya akan                 maps are obtained, further mitigation measures
      dilakukan langkah mitigasi terhadap eksposur                     will be performed against the identified risk
      risiko yang teridentifikasi tersebut.                            exposures.

      Modul RCSA (Risk and Control Self-Assessment)                    The RCSA (Risk and Control Self-Assessment)
      digunakan dalam proses identifikasi dan                          module is used in the process of identifying and
      pengukuran risiko operasional yang melekat                       measuring operational risks inherent in all Bank
      pada seluruh aktivitas unit kerja Bank. Oleh                     work unit activities. Therefore, in completing the
      karena itu dalam mengisi RCSA seluruh unit                       RCSA, all work units are required to be able to
      kerja dituntut untuk dapat mengidentifikasi dan                  identify and measure operational risks that are
      mengukur risiko-risiko operasional yang melekat                  inherent in daily activities and have an impact on
      pada aktivitas sehari-hari dan berdampak                         achieving     work      unit   targets,   including
      pencapaian sasaran unit kerja termasuk                           determining the type of control in order to ensure
      menetapkan jenis kontrol dalam rangka                            that all potential risks in each work unit can be
      memastikan seluruh potensi risiko pada masing-                   controlled
      masing unit kerja dapat dikendalikan.

      Sedangkan modul KRI merupakan perangkat                          Meanwhile, the KRI module is a tool for
      untuk memantau tren risiko berdasarkan                           monitoring risk trends based on established risk
      indikator risiko yang ditetapkan. Atas indikator                 indicators. These risk indicators will become the
      risiko tersebut akam menjadi dasar untuk                         basis for preparing anticipatory and corrective
      penyusunan       langkah    antisipasi  maupun                   steps in the future.
      perbaikan di masa yang akan datang.

      Pengendalian dan mitigasi risiko operasional                     Controlling and mitigating operational risk is
      dilaksanakan oleh seluruh satuan kerja Bank.                     conducted by risk taking units within the Bank.
      Digital and Operations Risk Management                           The Digital and Operations Risk Management
      Division bertugas untuk memastikan bahwa Bank                    Division ensures that the Bank has adequate
      telah memiliki kebijakan dan prosedur                            policies and procedures, which must be complied
      pengendalian dan mitigasi risiko operasional                     and carried out by each risk taking unit in
      yang memadai yang wajib dipatuhi dan                             conducting its daily transactions and activities
      dilaksanakan oleh setiap satuan kerja dalam                      accurately, efficiently and in a timely manner.
      melaksanakan transaksi dan aktivitas dengan
      akurat, efisien dan tepat waktu.

     Dalam      pengendalian     risiko   operasional,                 In operational risk control, the implementation of
     pelaksanaan kaji ulang manajemen risiko                           operational risk management reviews is carried
     operasional dilakukan oleh Internal Audit Division                out by the Internal Audit Division (IAD) which
     (IAD) yang mencakup keandalan kerangka                            includes the reliability of the operational risk
     manajemen risiko operasional dan penerapan                        management framework and the implementation
     manajemen risiko operasional oleh unit                            of operational risk management by business
     bisnis/aktivitas pendukung.                                       units/supporting activities.




                                                          329
Page 781
                                                                     The original financial statements included herein are in the
                                                                                                           Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                             PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                 51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                 The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                     below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                   regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                        Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                    e. Risk Management (continued)

      Risiko Hukum                                                       Legal Risk

      Pengukuran risiko hukum dilaksanakan oleh                          Legal risk measurement is conducted together by
      Enterprise Risk Management Division bersama-                       Enterprise Risk Management Division and Legal
      sama Legal Division berdasarkan laporan hasil                      Division based on the evaluation report resulting
      evaluasi atas analisis kasus-kasus hukum secara                    from the analysis of individual legal cases on
      individual terhadap liabilitas kontinjensi yang                    contingent liabilities arising from legal litigation.
      timbul dari tuntutan hukum yang terjadi.

      Pemantauan risiko hukum dilaksanakan oleh                          Legal risk monitoring is conducted by Legal
      Legal Division untuk mengevaluasi efektivitas                      Division to evaluate the effectiveness of policies,
      dari implementasi kebijakan, prosedur dan                          procedures and compliance with the Bank’s
      kepatuhan terhadap kebijakan, regulasi hukum                       policies and prevailing laws and regulations.
      serta batas ketentuan Bank. Pemantauan                             Periodic monitoring is conducted on all legal risk
      dilaksanakan secara berkala terhadap seluruh                       exposures.
      posisi risiko hukum.

      Dalam melaksanakan pengendalian risiko                             To mitigate legal risk, Legal Division provides
      hukum, Legal Division memberi masukan hukum                        legal advice and recommendation to each
      dan rekomendasi kepada setiap divisi dan satuan                    division and risk taking units and also conducts a
      kerja serta melakukan review secara berkala                        regular review of agreements and partnership
      terhadap perjanjian dan kontrak kerjasama                          contracts with counterparty.
      dengan counterparty.

      Risiko Reputasi                                                    Reputational Risk

      Identifikasi risiko reputasi dilakukan pada faktor-                Reputational risk is identified an inherent risk
      faktor risiko yang melekat pada aktivitas                          factors associated to functional activities
      fungsional      yang    mencakup       keterbukaan                 including disclosure requirements, customer
      (disclosure requirement), keluhan nasabah                          complaints against the Bank, employee attitude
      terhadap pelayanan Bank, perilaku karyawan                         when providing services to customers and the
      Bank dalam melayani nasabah dan sistem                             Bank’s communication systems.
      komunikasi Bank.

      Pengukuran       risiko   reputasi      dilakukan                  Reputation risk measurement is based on the
      berdasarkan hasil assesment terhadap faktor-                       results of assessment on the reputation risk
      faktor risiko reputasi. Risiko reputasi Bank                       factors. Bank reputation risk is managed by
      dikelola oleh Corporate Secretary Division (CSD)                   Corporate Secretary Division (CSD) and
      dan Customer Experience Division (CXD) serta                       Costumer Experience Division and reported to
      dilaporkan ke OJK oleh ERMD dalam laporan                          OJK by ERMD in the risk profile report.
      profil risiko.

     Dalam rangka pemantauan risiko reputasi,                            In order to monitor reputational risk, the Bank
     dikembangkan aplikasi Sistem Pengaduan                              developed an application called Customer
     Nasabah (SPN) untuk mendukung layanan dan                           Complaint System (CCS) to support customer
     penanganan     pengaduan       nasabah   yang                       service and complaint handling that allows online
     memungkinkan proses penanganan pengaduan                            complaints handling process between the parties
     secara online antar pihak-pihak yang terkait                        related to the issues at branch offices and head
     dengan permasalahan di Kantor Cabang dan                            office. This will be useful to ensure sustained
     Kantor Pusat. Hal ini berguna untuk memastikan                      customer satisfaction.
     terjaganya kepuasan nasabah.
                                                            330
Page 782
                                                                      The original financial statements included herein are in the
                                                                                                            Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                              PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                                  51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                  The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                      below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                    regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                         Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                     e. Risk Management (continued)

      Risiko Reputasi (lanjutan)                                          Reputational Risk (continued)

      Dalam pengendalian risiko reputasi, satuan kerja                    CSD is responsible for implementing policies
      yang berfungsi sebagai corporate secretary                          related to managing and settling negative issues
      bertanggung jawab dalam penerapan kebijakan                         or avoiding counter-productive information and
      yang berkaitan dengan penanganan dan                                performs the Public Service Obligation (PSO)
      penyelesaian berita negatif atau menghindari                        function in connection with carrying out corporate
      informasi     kontra produktif   serta    untuk                     social responsibility.
      menjalankan fungsi Public Service Obligation
      (PSO) dalam rangka melaksanakan tanggung
      jawab sosial perusahaan (corporate social
      responsibility).

      Kegiatan Corporate Social Responsibility tidak                      Corporate Social Responsibility is not focused
      terfokus kepada kegiatan charity saja, tetapi juga                  only on charity, but also in the form of a
      dalam bentuk program yang berkesinambungan.                         sustainable program. This can be realized in the
      Hal ini dapat diwujudkan dalam bentuk                               form of credit subsidies and implementation of
      pemberian kredit subsidi dan pelaksanaan                            the Social and Environmental Responsibility
      Program Tanggung Jawab Sosial dan                                   Program (SERP).
      Lingkungan (TJSL).


      Risiko Stratejik                                                    Strategic Risk
      Risiko Stratejik merupakan risiko akibat                            Strategic risk is the risk arising from the
      ketidaktepatan Bank dalam pengambilan                               inaccuracies in the decision making and/or the
      dan/atau pelaksanaan suatu keputusan stratejik                      execution of a strategic decision and failure to
      serta      kegagalan     dalam      mengantisipasi                  anticipate changes in the business environment.
      perubahan lingkungan bisnis. Identifikasi risiko                    Strategic Risk identification is based on the
      stratejik dilakukan berdasarkan atas faktor-faktor                  strategic risk factors on specific functional
      risiko stratejik pada aktivitas fungsional tertentu,                activities, such as lending, treasury and
      seperti aktivitas perkreditan, treasuri dan                         investment activities, as well as operations and
      investasi, serta operasional dan jasa melalui                       services through a business plan prepared by the
      business plan yang disusun oleh satuan kerja                        strategic working unit as elaborated in the
      stratejik sebagaimana yang dijabarkan dalam                         General Policy of the BOD.
      Kebijakan Umum.

     Pengukuran Risiko Stratejik dan parameter                            Strategic risk and parameter measurement are
     pengukurannya dilakukan berdasarkan kinerja                          based on the Bank's performance by comparing
     Bank yaitu dengan membandingkan hasil aktual                         actual results with targets that have been set.
     dengan     target  yang       telah   ditetapkan.                    Strategic risk monitoring is carried out by CSPD
     Pemantauan risiko stratejik dilakukan oleh CSPD                      periodically to monitor the achievement of Key
     secara berkala dengan memonitor pencapaian                           Performance Indicator and risk exposure
     Key Perfomance Indicator dan risk exposure                           compared to the Bank's risk appetite.
     dibandingkan dengan risk appetite bank.




                                                             331
Page 783
                                                                  The original financial statements included herein are in the
                                                                                                        Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


51. INFORMASI TAMBAHAN (lanjutan)                              51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah              The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                  below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                     Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                 e. Risk Management (continued)
      Risiko Stratejik (lanjutan)                                     Strategic Risk (continued)
      Selanjutnya, Dewan Komisaris, Direksi, Divisi                   Furthermore, the BOC, BOD, Divisions and
      dan Kantor Cabang mereviu strategi dasar yang                   Branch Offices are reviewing the basic strategy
      fokus pada perubahan-perubahan antara lain                      that focuses on changes in among others, the
      struktur organisasi Bank, perkreditan komersial,                organizational structure of the Bank, commercial
      pembiayaan perdagangan, treasuri, operasional                   lending, trade finance, treasury, operations and
      dan kekuatan serta kelemahan sistem teknologi                   the strengths and weaknesses of information
      informasi.                                                      technology systems.
      Dalam pengendalian risiko stratejik, Corporate                  In controlling strategic risk, the Corporate
      Strategy and Planning Division (CSPD) berfungsi                 Strategy and Planning Division (CSPD) analyzes
      menganalisa laporan aktual dan target rencana                   actual results against target and periodically
      bisnis dan menyampaikannya kepada Direksi                       reports to the BOD.
      secara berkala.

      Risiko Kepatuhan                                                Compliance Risk

      Risiko Kepatuhan merupakan risiko yang timbul                   Compliance Risk is a risk that arises as a result
      akibat Bank tidak mematuhi dan/atau tidak                       of the Bank not complying with and/or not
      melaksanakan peraturan perundang-undangan                       implementing applicable laws and regulations. In
      dan     ketentuan     yang   berlaku.  Dalam                    identifying compliance risks, the Compliance
      mengidentifikasi risiko kepatuhan, Compliance                   Division (CMGD) conducts studies related to
      Division (CMGD) melakukan kajian terkait                        Compliance Risk exposure to external provisions
      dengan eksposur Risiko Kepatuhan terhadap                       that are attached to internal regulations. In
      ketentuan eksternal yang melekat pada                           addition, CMGD analyzes events that cause
      ketentuan internal. Di samping itu, CMGD                        compliance risks and informs DORD and
      menganalisis kejadian yang menyebabkan                          KOMAR for review.
      timbulnya       risiko     kepatuhan      dan
      menginformasikan hal tersebut ke DORD dan
      KOMAR untuk direviu.

      Dalam rangka meminimalkan timbulnya Risiko                      In order to minimize the Compliance Risk, Legal
      Kepatuhan, Legal Division (LGD) telah                           Division (LGD) has provided a special access
      menyediakan portal khusus yang bernama Legal                    called Legal Application System (LAPS) for easy
      Application System (LAPS) untuk memudahkan                      access to the internal regulations of the Bank for
      seluruh unit bisnis melakukan akses terhadap                    the entire business units. In addition, CMGD
      ketentuan internal Bank. Di samping itu,                        monitors the events that contributed to
      Compliance Division melakukan monitoring                        compliance risk and reports these matters to
      terhadap kejadian-kejadian yang menyebabkan                     DORD.
      timbulnya       risiko    kepatuhan      dan
      menginformasikan hal tersebut ke DORD.




                                                         332
Page 784
                                                                       The original financial statements included herein are in the
                                                                                                             Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                               PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


51.INFORMASI TAMBAHAN (lanjutan)                                    51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                   The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                       below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                     regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                          Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   e. Manajemen Risiko (lanjutan)                                      e. Risk Management (continued)
        Risiko Kepatuhan (lanjutan)                                          Compliance Risk (continued)

        Pengukuran risiko kepatuhan dilakukan untuk                          Compliance risk is assessed by measuring the
        mengukur potensi kerugian yang disebabkan                            potential loss caused by the Bank’s non-
        oleh ketidakpatuhan dan ketidakmampuan Bank                          compliance or inability to comply with prevailing
        dalam memenuhi ketentuan yang berlaku.                               regulations. The level of compliance risk is
        Besarnya     risiko   kepatuhan     diestimasi                       estimated based on the Bank’s ability to comply
        berdasarkan kemampuan Bank untuk memenuhi                            with prevailing and upcoming regulations. These
        seluruh peraturan pada waktu yang lampau dan                         activities include reviewing all penalties,
        yang akan datang. Kegiatan-kegiatan ini                              litigations and complaints received by the Bank.
        termasuk mereviu semua penalti, litigasi, dan
        keluhan yang pernah diterima Bank.

        Dalam pemantauan risiko kepatuhan, DORD dan                          In monitoring compliance risk, DORD and CMGD
        CMGD bertugas untuk mengevaluasi efektivitas                         are responsible to evaluate the effectiveness of
        implementasi    manajemen     risiko   dengan                        the implementation of risk management by
        memantau secara berkala seluruh jenis kegiatan                       monitoring regularly all kinds of activities that
        yang berpotensi menimbulkan risiko kepatuhan.                        could potentially pose a compliance risk.

        Secara berkala, IAD melakukan pemantauan                             Periodically, IAD monitors and follow-up results
        terhadap hasil tindak lanjut audit baik dari intern                  of both internal and external audits.
        maupun ekstern.

   f.    Informasi Lainnya                                              f.    Other Information

         1. Pada tanggal 31 Desember 2024, 2023 dan                           1.   As of December 31, 2024, 2023 and 2022,
            2022,      rasio  aset    produktif   yang                             the Bank’s non-performing assets to total
            diklasifikasikan non-performing terhadap                               earning assets (non-performing ratio) are
            jumlah aset produktif (non-performing ratio)                           2.60%, 2.58% and 2.74%, respectively.
            masing-masing adalah sebesar 2,60%,
            2,58% dan 2,74%.

         2. Pada tanggal 31 Desember 2024, 2023 dan                           2.   As of December 31, 2024, 2023 and 2022,
            2022, rasio jumlah cadangan kerugian                                   the ratio of allowance for impairment
            penurunan nilai aset keuangan yang telah                               losses on financial assets based on SFAS
            dibentuk berdasarkan PSAK No. 109                                      No. 109 to minimum allowance for
            terhadap jumlah minimum cadangan                                       impairment losses based on Financial
            kerugian penurunan nilai aset keuangan                                 Service Authorithy regulation is 104.73%,
            sesuai ketentuan Otoritas Jasa Keuangan                                121.99% and 130.00%, respectively.
            masing-masing      sebesar     104,73%,
            121,99% dan 130,00%.




                                                              333
Page 785
                                                                    The original financial statements included herein are in the
                                                                                                          Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                            PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


51.INFORMASI TAMBAHAN (lanjutan)                                 51. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan dibawah                The following additional information presented
   ini merupakan informasi yang disyaratkan oleh                    below is information required by applicable
   regulasi yang berlaku dan bukan/tidak merupakan                  regulations and is not information required by
   informasi yang dipersyaratkan oleh Standar                       Indonesian Accounting Standards: (continued)
   Akuntansi Indonesia: (lanjutan)

   f.   Informasi Lainnya (lanjutan)                                f.    Other Information (continued)

        3. Kegiatan Jasa Kustodian                                        3. Custodian Services Activities

            PT Bank Tabungan Negara (Persero) Tbk                              PT Bank Tabungan Negara (Persero) Tbk
            menyelenggarakan Jasa Kustodian (bank                              provides Custodian Services (custodian
            kustodian) sejak tahun 2023 berdasarkan                            bank) since 2023 based on Decree of the
            Surat Keputusan Dewan Komisioner                                   Board of Commissioners of the Financial
            Otoritas Jasa Keuangan No. KEP-                                    Services Authority No. KEP-37/PM.2/2022
            37/PM.2/2022 tanggal 17 November 2022.                             dated November 17, 2022.

            Jasa kustodian yang diselenggarakan                                Custodian services provided are under the
            berada dibawah Divisi Financial Institution                        Financial Institution and Capital Market
            and      Capital    Market.    Jasa    yang                        Division. Services provided include the
            diselenggarakan meliputi sebagai berikut :                         following:
            •    Jasa          penyimpanan          dan                        • Storage and administration services
                 pengadministrasian (safe keeping                                   (safe keeping services);
                 services);
            •    Jasa Penyelesaian transaksi efek                              •    Securities transaction settlement
                 (settlement handling);                                             services (Settlement Handling);
            •    Jasa pengurusan hak nasabah terkait                           •    Customer       rights     management
                 dengan efek yang disimpan di                                       services related to securities held at
                 kustodian (corporate action)                                       the custodian (corporate action)
            •    Jasa perwalian/ mewakili nasabah                              •    Trustee           services/representing
                 untuk menghadiri dan meneruskan                                    customers to attend and transmit
                 suara dalam RUPS, RUPSLB, RUPO                                     votes at the GMS, EGMS, RUPO
                 (proxy services);                                                  (proxy services);
            •    Jasa Informasi dan pelaporan;                                 •    Information and reporting services;
                 (Information & Reporting, antara lain :                            (Information & Reporting, including:
                 Portfolio Valuation Report, Settlement                             Portfolio Valuation Report, Settlement
                 Report, Corporate Action Report).                                  Report, Corporate Action Report).
            •    Jasa      Custody      untuk   kontrak                        •    Custody       services      for   fund
                 pengelolaan dana, reksa dana yang                                  management contracts, mutual funds
                 diterbitkan oleh manajer investasi                                 issued by investment managers


            Aset milik nasabah yang diadministrasikan                          Customer-owned assets administered by
            oleh kustodian BTN per 31 Desember 2024                            BTN custodian as of December 31,2024
            dan     2023        sebesar    ekuivalen                           and 2023 amount to the equivalent of
            Rp12.077.710 juta dan Rp7.941.087 juta                             Rp12,077,710 million and Rp7,941,087
            yang terdiri dari saham, surat berharga                            million consisting of shares, government
            Negara (SBN), obligasi koorporasi baik                             securities (SBN), corporate bonds both in
            dalam mata uang rupiah maupun USD.                                 rupiah and USD.

            Asset    yang    diadministrasikan jasa                            Assets administered by custodian services
            kustodian tidak termasuk dalam laporan                             are not included in the consolidated
            posisi keuangan.                                                   statement of financial position.




                                                           334
Page 786
                                                                                                    The original financial statements included herein are in the
                                                                                                                                          Indonesian language.

  PT BANK TABUNGAN NEGARA (PERSERO) TBK                                                         PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
         (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                     unless otherwise stated)


51.INFORMASI TAMBAHAN (lanjutan)                                                              51. ADDITIONAL INFORMATION (continued)

      Informasi tambahan berikut yang disajikan dibawah                                              The following additional information presented
      ini merupakan informasi yang disyaratkan oleh                                                  below is information required by applicable
      regulasi yang berlaku dan bukan/tidak merupakan                                                regulations and is not information required by
      informasi yang dipersyaratkan oleh Standar                                                     Indonesian Accounting Standards: (continued)
      Akuntansi Indonesia: (lanjutan)

      f.     Informasi Lainnya (lanjutan)                                                            f.     Other Information (continued)

             d. Kontribusi Pendapatan Pajak dan PNBP                                                        d. Contribution of Tax and Non Tax Revenue

                    Pada tanggal 31 Desember 2024 dan 2023                                                           As of December 31, 2024 and 2023, BTN's
                    kontribusi BTN terhadap Pendapatan                                                               contribution to tax and non tax revenue are
                    Pajak dan PNBP adalah sebagai berikut                                                            as follows (unaudited):
                    (tidak diaudit):

                                                 31 Desember/December 31, 2024                31 Desember/December 31, 2023

    Jenis Kontribusi                                                                                                                                       Type of Contribution

    Pajak                                                                                                                                                                   Tax
    Pajak Penghasilan                                             3.715.115                               3.123.042                                                 Income Tax
    Pajak Pertambahan Nilai dan                                                                                                                           Added Value Tax and
       Pajak Penjualan atas Barang Mewah                             25.904                                 24.307                                    Luxury Good Sales Tax
    Bea Masuk/Keluar, Bea dan Cukai, dan                                                                                                      Import/Export Duty, Customs, and
       Bea Materai                                                    9.353                                  1.897                                               Stamp Duty
    Pajak Bumi dan Bangunan,                                                                                                                             Land and Building Tax,
       P3 (Perkebunan, Perhutanan, Pertambangan)                     13.434                                    365                              Estate, Forestry, Mining Tax
    Pajak Pemerintah Pusat Lainnya                                                                                                              Other Central Government Tax
       (Pajak Karbon)                                                     -                                      -                                              (Carbon Tax)
    Pajak Daerah dan Retribusi Daerah                                     -                                      -                         Regional Government Tax and Levies

    Total Kontribusi Pajak                                       3.763.806                                3.149.611                                   Total of Tax Contribution

    Penerimaan Negara Bukan Pajak                                                                                                                              Non Tax Revenue
    Dividen                                                        420.119                                 365.409                                                    Dividend
    Penerimaan Negara Bukan Pajak Lainnya                                -                                       -                                       Other Non Tax Revenue

    Total Kontribusi Penerimaan Negara
       Bukan Pajak                                                 420.119                                 365.409                                     Total of Non Tax Revenue

    Total Kontribusi kepada Negara                               4.183.925                                3.515.020                             Total of Contribution to Nation

*Pajak Penghasilan terdiri dari PPh Badan, PPh Pasal 21 Perorangan, PPh Pasal 22, PPh         *Income Tax consists of Corporate Income Tax, PPh Pasal 21, PPh Pasal 22, PPh Pasal 23,
 Pasal 23, PPh Pasal 26, dan PPh Pasal 4 ayat 2                                                PPh Pasal 26, and PPh Pasal 4 ayat 2




                                                                                        335
Page 787
                                                                 The original financial statements included herein are in the
                                                                                                       Indonesian language.

 PT BANK TABUNGAN NEGARA (PERSERO) TBK                          PT BANK TABUNGAN NEGARA (PERSERO) 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 Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


52. PERISTIWA    SETELAH      TANGGAL      PERIODE             52. EVENT AFTER THE REPORTING DATE
    LAPORAN

   Pada tanggal 15 Januari 2025, Bank dan PT Victoria             On January 15, 2025, the Bank and PT Victoria
   Investama Tbk ("VICO") dan PT Bank Victoria                    Investama Tbk ("VICO") dan PT Bank Victoria
   International Tbk ("BVIC") telah melakukan                     International Tbk ("BVIC") have signed the
   penandatanganan Perjanjian Jual Beli Saham                     Conditional Share Sale and Purchase Agreement
   sehubungan dengan rencana pengambilalihan yang                 in connection with the acquisition plan to be carried
   akan dilakukan oleh Bank atas PT Bank Victoria                 out by the Bank of PT Bank Victoria Syariah
   Syariah ("BVIS"), dimana Bank akan melakukan                   ("BVIS"), where the Bank will carry out the
   pengambilalihan melalui pembelian atas saham                   acquisition by purchasing shares owned by VICO
   yang dimiliki VICO dan BVIC yang tunduk                        and BVIC which are subject to the terms and
   pada persyaratan dan ketentuan dalam Perjanjian                conditions in the Conditional Share Sale and
   Jual Beli Saham Bersyarat tersebut. Selain itu Bank            Purchase Agreement. In addition, the Bank will also
   juga akan membeli seluruh saham BHP Jakarta,                   purchase all shares of BHP Jakarta, the other share
   yang merupakan pemegang saham lain BVIS, yang                  holder of BVIS that the shares owned by VICO by
   sahamnya dimiliki oleh VICO dengan melakukan                   signing the Sale and Purchase Deed.
   penandatanganan Akta Jual Beli.

   Beberapa persyaratan telah dipenuhi oleh masing-               Several requirements have been met by each party,
   masing pihak, antara lain persetujuan rancangan                including approval of the takeover plan from Board
   pengambilalihan dari Dewan Komisaris, izin prinsip             of Commissioners, principal takeover permits from
   pengambilalihan dari Otoritas Jasa Keuangan dan                the Financial Services Authority and other
   hal-hal lainnya yang dipersyaratkan dalam                      matters required       in      the      Conditional
   Perjanjian Jual Beli Saham Bersyarat tersebut.                 Share Purchase Agreement.

   Setelah efektifnya pengambilalihan oleh Bank, Bank             After the effective acquisition by Bank, Bank will
   akan     menjadi Pemegang Saham Pengendali.                    become the Controlling Shareholder. Going
   Kedepannya Laporan Keuangan BVIS akan                          forward, BVIS’s Financial Statements will be
   dikonsolidasikan oleh Bank.                                    consolidated by Bank.



53. PENYELESAIAN LAPORAN KEUANGAN                              53. COMPLETION            OF        THE         FINANCIAL
                                                                   STATEMENTS

   Manajemen Bank bertanggung jawab penuh                         The management of the Bank is fully responsible for
   terhadap penyajian laporan keuangan terlampir                  the preparation of the accompanying Financial
   yang diselesaikan dan disetujui untuk diterbitkan              Statements which were completed and authorized
   pada tanggal 12 Februari 2025.                                 for issuance on 12 February, 2025.




                                                         336
Page 788
Program Pendanaan Usaha Mikro dan Usaha Kecil
PT Bank Tabungan Negara (Persero) Tbk

Laporan keuangan tanggal 31 Desember 2024
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen
Page 789
~umn                    NDONESIA



                                            SURAT PERNYATAAN PENGELOLA
                                  TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN
                                              TANGGAL 31 DESEMBER 2024
                                DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT
                                  PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                                       PT BANK TABUNGAN NEGARA (PERSERO) Tbk

          Kami, yang bertanda tangan di bawah ini:

           1. Nama                                                         Nixon L.P. Napitupulu
              Alamat Kantor                                                JI. H. Rasuna Said No. 1, Jakarta 12980
              Alamat domisili atau sesuai KTP                              JI. Wijaya I No. 13
                                                                           Kel. Petogogan, Kec. Kebayoran Baru
                                                                           Jakarta Selatan
                 Nomor telepon                                             021-6336789
                 Jabatan                                                   Direktur Utama

           2. Nama                                                         Muhammad Iqbal
              Alamat Kantor                                                JI. H. Rasuna Said No. 1, Jakarta 12980
              Alamat domisili atau sesuai KTP                              JI. H. Abu No. 9
                                                                           Kel. Cipete Selatan, Kec. Cilandak
                                                                           Jakarta Selatan
                 Nomor telepon                                             021-6336789
                 Jabatan                                                   Direktur

          menyatakan bahwa:

           1.    Kami bertanggung jawab atas penyusunan dan penyajian laporan keuangan Program Pendanaan
                 Usaha Mikro dan Usaha Kecil PT Bank Tabungan Negara (Persero) Tbk;

           2. Laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil PT Bank Tabungan Negara
              (Persero) Tbk telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan Entitas
              Tanpa Akuntabilitas Publik di Indonesia;

           3. a. Semua informasi dalam laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil
                 PT Bank Tabungan Negara {Persero) Tbk telah dimuat secara lengkap dan benar; dan

                 b. Laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil PT Bank Tabungan
                    Negara (Persero) Tbk tidak mengandung informasi atau fakta material yang tidak benar dan
                    tidak menghilangkan informasi atau fakta material;

           4. Kami bertanggung jawab atas sistem pengendalian internal dalam Program Pendanaan Usaha
              Mikro dan Usaha Kecil PT Bank Tabungan Negara (Persero) Tbk.

          Demikian pernyataan ini dibuat dengan sebenarnya.


                                                                     Jakarta, 27 Februari 2025




                                                                                         Muhammad Iqbal
                                                                                            Direktur


PT Bank Tabungan Negara (Persero) Tbk                  T +62 21 633 6789, 633 2666
Kantor Pusat                                           E csd@btn.co.id
Menara Bank BTN                                        www.btn.co.id
11. Gajah Mada No. 'I, Jakarta Pusat 10130 Indonesia   NPWP:01.007.609.5-093.000
Page 790
                          PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                               PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                                         LAPORAN KEUANGAN
                                      TANGGAL 31 DESEMBER 2024
                        DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT
                                BESERTA LAPORAN AUDITOR INDEPENDEN



                                                                      Daftar Isi


                                                                                                                                            Halaman

Laporan Auditor Independen

Laporan Posisi Keuangan ..........................................................................................................                1

Laporan Aktivitas .......................................................................................................................         2

Laporan Arus Kas ......................................................................................................................           3

Catatan atas Laporan Keuangan ...............................................................................................                  4-15




                                                             *************************
Page 791
Laporan Auditor Independen

Laporan No. 00129/2.1032/AU.2/10/1681-2/1/II/2025


Pengelola Program Pendanaan Usaha Mikro dan Usaha Kecil
PT Bank Tabungan Negara (Persero) Tbk.


Opini

Kami telah mengaudit laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil
PT Bank Tabungan Negara (Persero) Tbk. (“PUMK”) terlampir, yang terdiri dari laporan posisi
keuangan tanggal 31 Desember 2024, serta laporan aktivitas dan laporan arus kas untuk tahun
yang berakhir pada tanggal tersebut, serta catatan atas laporan keuangan, termasuk informasi
kebijakan akuntansi material.

Menurut opini kami, laporan keuangan terlampir menyajikan secara wajar, dalam semua hal yang
material, posisi keuangan PUMK tanggal 31 Desember 2024, serta aktivitas dan arus kasnya
untuk tahun yang berakhir pada tanggal tersebut, sesuai dengan Standar Akuntansi Keuangan
Entitas Tanpa Akuntabilitas Publik di Indonesia.

Basis opini

Kami melaksanakan audit kami berdasarkan Standar Audit yang ditetapkan oleh Institut Akuntan
Publik Indonesia (“IAPI”). Tanggung jawab kami menurut standar tersebut diuraikan lebih lanjut
dalam paragraf Tanggung Jawab Auditor terhadap Audit atas Laporan Keuangan pada laporan
kami. Kami independen terhadap PUMK berdasarkan ketentuan etika yang relevan dalam audit
kami atas laporan keuangan di Indonesia, dan kami telah memenuhi tanggung jawab etika lainnya
berdasarkan ketentuan tersebut. Kami yakin bahwa bukti audit yang telah kami peroleh adalah
cukup dan tepat untuk menyediakan suatu basis bagi opini kami.




                                              i
Page 792
Laporan Auditor Independen (lanjutan)

Laporan No. 00129/2.1032/AU.2/10/1681-2/1/II/2025 (lanjutan)


Tanggung jawab manajemen dan pihak yang bertanggung jawab atas tata kelola terhadap
laporan keuangan

Manajemen bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan tersebut
sesuai dengan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik di Indonesia, dan
atas pengendalian internal yang dianggap perlu oleh manajemen untuk memungkinkan
penyusunan laporan keuangan yang bebas dari kesalahan penyajian material, baik yang
disebabkan oleh kecurangan maupun kesalahan.

Dalam penyusunan laporan keuangan, manajemen bertanggung jawab untuk menilai
kemampuan PUMK dalam mempertahankan kelangsungan usahanya, mengungkapkan, sesuai
dengan kondisinya, hal-hal yang berkaitan dengan kelangsungan usaha, dan menggunakan basis
akuntansi kelangsungan usaha, kecuali manajemen memiliki intensi untuk melikuidasi PUMK
atau menghentikan operasi, atau tidak memiliki alternatif yang realistis selain melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola bertanggung jawab untuk mengawasi proses
pelaporan keuangan PUMK.

Tanggung jawab auditor terhadap audit atas laporan keuangan

Tujuan kami adalah untuk memeroleh keyakinan memadai tentang apakah laporan keuangan
secara keseluruhan bebas dari kesalahan penyajian material, baik yang disebabkan oleh
kecurangan maupun kesalahan, dan untuk menerbitkan laporan auditor independen yang
mencakup opini kami. Keyakinan memadai merupakan suatu tingkat keyakinan tinggi, namun
bukan merupakan suatu jaminan bahwa audit yang dilaksanakan berdasarkan Standar Audit
yang ditetapkan oleh IAPI akan selalu mendeteksi kesalahan penyajian material ketika hal
tersebut ada. Kesalahan penyajian dapat disebabkan oleh kecurangan maupun kesalahan dan
dianggap material jika, baik secara individual maupun agregat, dapat diekspektasikan secara
wajar akan memengaruhi keputusan ekonomi yang diambil oleh pengguna berdasarkan laporan
keuangan tersebut.

Sebagai bagian dari suatu audit berdasarkan Standar Audit yang ditetapkan oleh IAPI, kami
menerapkan pertimbangan profesional dan mempertahankan skeptisisme profesional selama
audit. Kami juga:

   Mengidentifikasi dan menilai risiko kesalahan penyajian material dalam laporan keuangan,
    baik yang disebabkan oleh kecurangan maupun kesalahan, mendesain dan melaksanakan
    prosedur audit yang responsif terhadap risiko tersebut, serta memperoleh bukti audit yang
    cukup dan tepat untuk menyediakan basis bagi opini kami. Risiko tidak terdeteksinya suatu
    kesalahan penyajian material yang disebabkan oleh kecurangan lebih tinggi dari yang
    disebabkan oleh kesalahan, karena kecurangan dapat melibatkan kolusi, pemalsuan,
    penghilangan secara sengaja, pernyataan salah, atau pengabaian atas pengendalian
    internal.



                                               ii
Page 793
Laporan Auditor Independen ~lanjutan)

Laporan No. 00129/2.1032/AU.2/10/1681-2/1/11/2025 (lanjutan)


Tanggung jawab auditor terhadap audit atas laporan keuangan (tanjutan)

Sebagai bagian dari suatu audit berdasarkan Standar Audit yang ditetapkan oleh IAPI, kami
menerapkan pertimbangan profesional dan mempertahankan skeptisisme profesional selama
audit. Kami juga (lanjutan):

•   Memeroleh suatu pemahaman tentang pengendalian internal yang relevan dengan audit
    untuk mendesain prosedur audit yang tepat sesuai dengan kondisinya, tetapi bukan untuk
    tujuan menyatakan opini atas keefektivitasan pengendalian internal PUMK.

•   Mengevaluasi ketepatan kebijakan akuntansi yang digunakan serta kewajaran estimasi
    akuntansi dan pengungkapan terkait yang dibuat oleh manajemen.

•   Menyimpulkan ketepatan penggunaan basis akuntansi kelangsungan usaha oleh manajemen
    dan, berdasarkan bukti audit yang diperoleh, apakah terdapat suatu ketidakpastian material
    yang terkait dengan peristiwa atau kondisi yang dapat menyebabkan keraguan signifikan
    atas kemampuan PUMK untuk mempertahankan kelangsungan usahanya. Ketika kami
    menyimpulkan bahwa terdapat suatu ketidakpastian material, kami diharuskan untuk
    menarik perhatian dalam laporan auditor independen kami ke pengungkapan terkait dalam
    laporan keuangan atau, jika pengungkapan tersebut tidak memadai, memodifikasi opini
    kami. Kesimpulan kami didasarkan pada bukti audit yang diperoleh hingga tanggal laporan
    auditor independen kami. Namun, peristiwa atau kondisi masa depan dapat menyebabkan
    PUMK tidak dapat mempertahankan kelangsungan usaha.

•   Mengevaluasi penyajian, struktur, dan isi laporan keuangan secara keseluruhan, termasuk
    pengungkapannya, dan apakah laporan keuangan mencerminkan transaksi dan peristiwa
    yang mendasarinya dengan suatu cara yang mencapai penyajian wajar.

Kami mengomunikasikan kepada pihak yang bertanggung jawab atas tata kelola mengenai,
antara lain, ruang lingkup dan scat yang direncanakan atas audit Berta temuan audit signifikan,
termasuk setiap defisiensi signifikan dalam pengendalian internal yang teridentifikasi oleh kami
selama audit.


KAP Purwantono, Sungkoro & Surja




Christophorus Alvin Kossim
Registrasi Akuntan Publik No. AP.1681

27 Februari 2025
Page 794
                        PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                             PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                                   LAPORAN POSISI KEUANGAN
                                    Tanggal 31 Desember 2024
                                     (Disajikan dalam Rupiah)



                                                             Catatan      31 Desember 2024          31 Desember 2023*)
ASET
Kas dan Setara Kas                                           2b,2j,4,11         11.036.287.064             10.970.559.980
Piutang Pinjaman Mitra Binaan – neto                         2c,2e,5,12
    (Setelah dikurangi Penyisihan
    Penurunan Nilai Piutang Pinjaman Sebesar
    Rp 36.675.501.169 dan Rp36.893.857.090
     Masing-Masing Pada Tanggal
    31 Desember 2024 dan 2023)                                                   4.193.604.781             12.551.634.259
JUMLAH ASET LANCAR                                                              15.229.891.845             23.522.194.239


ASET TIDAK LANCAR
Piutang Kerjasama PUMK
    Kepada mitra binaan - neto                              2c,2e,6,12
    (Setelah dikurangi Penyisihan
    Penurunan Nilai Piutang Pinjaman Sebesar
     Rp34.878.957 dan RpNihil
     Masing-Masing Pada Tanggal
    31 Desember 2024 dan 2023)                                                  13.676.060.027                 786.000.000
Piutang Kerjasama PUMK kepada BRI                            8,11,12             4.415.454.240               7.214.000.000
JUMLAH ASET TIDAK LANCAR                                                       18.091.514.267                8.000.000.000
JUMLAH ASET                                                                    33.321.406.112              31.522.194.239


ASET NETO
Aset Neto Tidak Terikat                                           2f,7         33.321.406.112              31.522.194.239
JUMLAH LIABILITAS DAN ASET NETO                                                 33.321.406.112             31.522.194.239
*) setelah reklasifikasi (Catatan 12)




   Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan

                                                              1
Page 795
                       PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                           PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                                       LAPORAN AKTIVITAS
                              Untuk Tahun yang Berakhir pada Tanggal
                                        31 Desember 2024
                                     (Disajikan dalam Rupiah)



                                                                             Tahun yang berakhir pada tanggal
                                                            Catatan      31 Desember 2024            31 Desember 2023
PERUBAHAN ASET NETO TIDAK TERIKAT

PENDAPATAN
Pendapatan Jasa Administrasi Pinjaman                         2g,9              1.501.968.937               1.065.855.899
Pendapatan Lain-Lain                                          2h,10               113.765.972                   2.744.099
                                                                                1.615.734.909               1.068.599.998


BEBAN
Pembalikan (beban) Penyisihan Penurunan
   Nilai Piutang Pinjaman                                   2i,5c,6c               183.476.964            (3.098.485.363)
Beban Lain-Lain                                                                             -                (75.438.092)
                                                                                   183.476.964            (3.173.923.455)


KENAIKAN (PENURUNAN) ASET NETO
TIDAK TERIKAT                                                                   1.799.211.873             (2.105.323.457)
ASET NETO PADA AWAL TAHUN                                                      31.522.194.239             33.627.517.696
ASET NETO PADA AKHIR TAHUN                                                     33.321.406.112             31.522.194.239




  Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan

                                                             2
Page 796
                       PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                           PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                                       LAPORAN ARUS KAS
                              Untuk Tahun yang Berakhir pada Tanggal
                                        31 Desember 2024
                                     (Disajikan dalam Rupiah)



                                                                             Tahun yang berakhir pada tanggal
                                                            Catatan      31 Desember 2024            31 Desember 2023
ARUS KAS DARI AKTIVITAS OPERASI
Pencairan Pinjaman Mitra Binaan                                                            -              (9.161.600.000)
Pengalihan Pengelolaan Dana Mitra Binaan                         8           (10.000.000.000)             (8.000.000.000)
Penerimaan Pokok Angsuran                                                      8.501.789.249              15.264.329.788
Pendapatan Jasa Administrasi Pinjaman                                          1.450.172.764                1.132.613.855
Pendapatan Lain-Lain                                             10              113.765.071                    2.744.099
KAS NETO YANG DIPEROLEH DARI/
(DIGUNAKAN UNTUK) AKTIVITAS OPERASI                                                65.727.084               (761.912.258)


(PENURUNAN) KENAIKAN NETO DALAM KAS
DAN SETARA KAS                                                                      65.727.084              (761.912.258)

KAS DAN SETARA KAS AWAL TAHUN                                                  10.970.559.980             11.732.472.238
KAS DAN SETARA KAS AKHIR TAHUN                                                 11.036.287.064             10.970.559.980




  Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan

                                                             3
Page 797
                PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                     PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                        CATATAN ATAS LAPORAN KEUANGAN
      Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                (Disajikan dalam Rupiah)


1. PENJELASAN UMUM

  a. Pendirian dan Informasi Umum

     Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik Negara PT Bank Tabungan
     Negara (Persero) Tbk dilaksanakan sesuai dengan Peraturan Menteri Badan Usaha Milik Negara
     Republik Indonesia No. PER-1/MBU/03/2023 tanggal 3 Maret 2023 tentang Penugasan Khusus
     dan Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik Negara, yang antara
     lain mengatur bahwa, sebagaimana disebut dalam Pasal 23 ayat (3), laporan keuangan dan
     pelaksanaan Program TJSL BUMN dilaporkan menjadi satu kesatuan dalam laporan berkala
     dan laporan tahunan kinerja BUMN Pembina.
     Selain hal di atas, antara lain, sebagaimana diatur dalam Pasal 23 ayat (4), untuk laporan
     keuangan dan pelaksanaan Program Pendanaan Usaha Mikro dan Usaha Kecil tahunan tetap
     dilaporkan tersendiri dan harus diaudit oleh Kantor Akuntan Publik secara terpisah dari audit
     laporan keuangan BUMN Pembina.
     Definisi Program Pendanaan Usaha Mikro dan Usaha Kecil mengacu kepada Peraturan Menteri
     Badan Usaha Milik Negara Republik Indonesia No. PER-1/MBU/03/2023 tanggal 3 Maret 2023
     tentang Penugasan Khusus dan Program Tanggung Jawab Sosial dan Lingkungan Badan
     Usaha Milik Negara dan ketentuan-ketentuan peraturan pelaksanaannya adalah tentang
     Program Pendanaan UMK yang bertujuan untuk meningkatkan kemampuan usaha kecil agar
     menjadi tangguh dan mandiri melalui pemanfaatan dana BUMN.

  b. Kegiatan Utama

     Kegiatan utama Program Pendanaan Usaha Mikro dan Usaha Kecil (UMK) adalah penyaluran
     pinjaman dan penyaluran dana pembinaan. Dana Program Pendanaan UMK kepada Mitra Binaan
     disalurkan dalam bentuk:
     a. Berdasarkan Surat Menteri Badan Usaha Milik Negara No. S-721/MBU/11/2022 tanggal 10
        November 2022 (Poin 3), kementerian merokemendasikan PT Bank Rakyat Indonesia (Persero)
        Tbk sebagai pengelola Kerja Sama Program PUMK, sehingga sejak tahun 2023, Perusahaan
        sudah tidak menyalurkan
     b. Pinjaman untuk membiayai modal kerja dalam rangka meningkatkan produksi dan penjualan.
     c. Pinjaman khusus untuk membiayai kebutuhan yang bersifat jangka pendek dalam rangka
        memenuhi pesanan dari rekanan usaha mitra binaan.
     d. Beban pembinaan:
        1) Untuk membiayai pendidikan, pelatihan, penelitian, pemagangan, pemasaran, promosi,
            yang menyangkut peningkatan kualitas sumber daya manusia dan kemampuan
            pengelolaan usahanya;
        2) Beban pembinaan hanya dapat diberikan kepada atau untuk kepentingan Mitra Binaan

  c. Struktur Organisasi dan Susunan Pengelola

     Susunan pengelola Program Pendanaan UMK BTN pada tanggal-tanggal 31 Desember 2024 dan
     2023 adalah sebagai berikut:

                                                   2024                         2023
     Pembina                             Nixon L.P. Napitupulu          Nixon L.P. Napitupulu
                                          Muhammad Iqbal**                 Hirwandi Gafar*
     Program Pendanaan UMK
     Pimpinan                           Roganda S. Mangapul              Roganda S. Mangapul
                                              Siahaan                           Siahaan
     Pelaksana                             Ardi Darmawan                   Ardi Darmawan
     Pelaksana                            Mayang Shafira S                Mayang Shafira S
     Pelaksana                           Diandary Denovari                Diandary Denovari

                                               4
Page 798
                 PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                      PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                         CATATAN ATAS LAPORAN KEUANGAN
       Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                 (Disajikan dalam Rupiah)


1. PENJELASAN UMUM (lanjutan)

   c. Struktur Organisasi dan Susunan Pengelola (lanjutan)
      Tahun 2024
      **)    Menjadi Pembina Program Pendanaan UMK sejak Maret 2024

      Tahun 2023
      *)     Menjadi Pembina Program Pendanaan UMK s.d Maret 2024

      Mulai tahun 2023, struktur pengelola Program TJSL BUMN mengikuti peraturan terbaru dari Meneg
      BUMN No. PER-1/MBU/03/2023 dimana Program TJSL BUMN dilaporkan terpisah dan menjadi
      satu kesatuan dari laporan keuangan BUMN Pembina.

   d. Ketentuan Program Pendanaan UMK Mengacu kepada Peraturan Meneg BUMN No. PER-
      1/MBU/03/2023 tanggal 3 Maret 2023

      1) Program Pendanaan UMK adalah program untuk meningkatkan kemampuan usaha mikro
         dan usaha kecil agar menjadi tangguh dan mandiri.
      2) Dalam peraturan di atas diatur tentang kriteria usaha mikro dan usaha kecil yang berhak
         menjadi mitra binaan BUMN, antara lain, sebagai berikut:
         i) dimiliki oleh warga negara Indonesia.
         ii) belum memenuhi kriteria atau memiliki akses pinjaman kepada lembaga pendanaan
              atau perbankan.
         iii) diutamakan usaha mikro dan usaha kecil dengan jenis usaha yang sejalan dengan
              bidang dan/atau mendukung bisnis BUMN.
         iv) diutamakan usaha mikro dan usaha kecil yang berlokasi di wilayah kerja BUMN.
         v) berdiri sendiri, bukan merupakan anak perusahaan atau cabang perusahaan yang
              dimiliki, dikuasai, atau berafiliasi secara langsung maupun tidak langsung, dengan
              usaha menengah atau usaha besar.
         vi) berbentuk usaha orang perseorangan dan/atau sekelompok orang, badan usaha yang
              tidak berbadan hukum, atau badan usaha yang berbadan hukum.
         vii) mempunyai potensi dan prospek usaha untuk dikembangkan.
      3) Bentuk dan maksimum pendanaannya adalah sebagai berikut:
         a. Pemberian modal kerja dalam bentuk pinjaman dan/atau pembiayaan syariah dengan
             jumlah pinjaman dan/atau pembiayaan syariah untuk setiap usaha mikro dan usaha
             kecil paling banyak Rp250.000.000.
         b. Pendanaan tambahan dalam bentuk pinjaman dan/atau pembiayaan syariah untuk
             membiayai kebutuhan yang bersifat jangka pendek maksimal 1 tahun untuk memenuhi
             pesanan dari rekanan usaha mikro dan usaha kecil dengan jumlah paling banyak
             Rp100.000.000.
         c. Modal kerja dalam bentuk pinjaman sebagaimana dimaksud pada huruf a dikenakan
             jasa administrasi sebesar:
             - 3% (tiga persen) efektif per tahun;
             - suku bunga flat (tetap) yang setara dengan 3% (tiga persen) efektif per tahun; atau
             - ketentuan lain yang ditetapkan Menteri,
            dengan jangka waktu/tenor pinjaman paling lama 3 (tiga) tahun.
         d. Pembiayaan syariah sebagaimana dimaksud pada huruf a diberikan berdasarkan:
             - prinsip jual beli, maka proyeksi margin yang dihasilkan disetarakan dengan margin
                 sebesar jasa administrasi sebagaimana dimaksud pada ayat (2); atau
             - prinsip bagi hasil, maka rasio bagi hasil yang diterima BUMN mulai dari 10%
                 (sepuluh persen) sampai dengan paling banyak 50% (lima puluh persen)
                 berdasarkan perjanjian.




                                                            5
Page 799
                PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                     PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                        CATATAN ATAS LAPORAN KEUANGAN
      Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                (Disajikan dalam Rupiah)


1. PENJELASAN UMUM (lanjutan)

   d. Ketentuan Program Pendanaan UMK Mengacu kepada Peraturan Meneg BUMN No. PER-
      1/MBU/03/2023 tanggal 3 Maret 2023 (lanjutan)

      4) Syarat dan kondisi:
         Untuk tata cara penyaluran pinjaman dan/atau pembiayaan syariah dalam Program
         Pendanaan UMK diatur syarat dan kondisi yang harus dipenuhi calon usaha binaan, antara
         lain, harus menyampaikan rencana dan/atau proposal kegiatan usaha kepada BUMN
         Pembina yang nanti akan dilakukan seleksi dan evaluasi atas permohonan yang diajukan
         oleh calon usaha mikro dan usaha kecil.
         BUMN Pembina yang nanti akan dilakukan seleksi dan evaluasi atas permohonan yang
         diajukan oleh calon usaha mikro dan usaha kecil.
         Bagi calon binaan yang memenuhi syarat dan terpilih akan dibuatkan surat perjanjian
         dan/atau kontrak yang berisi syarat dan kondisi tentang hak dan kewajiban yang harus
         dipenuhi para pihak. Namun, sebelum dilakukan perjanjian, calon usaha mikro dan usaha
         kecil binaan tersebut harus terlebih dahulu menyelesaikan proses administrasi terkait
         dengan rencana pemberian modal kerja oleh perusahaan/BUMN bersangkutan.

      5) Teknis pelaksanaan penyaluran Program Pendanaan UMK:
         Dalam pelaksanaan penyaluran Program Pendanaan UMK, BUMN Pembina dapat
         bekerjasama dengan BUMN lain, Anak perusahaan BUMN atau Perusahaan terafiliasi
         BUMN yang memiliki bisnis sebagai lembaga pembiayaan dan perbankan atau memiliki
         kemampuan dalam menyalurkan pinjaman.
         Ketentuan pelaksanaan kerja sama dimaksud di atas dituangkan dalam surat perjanjian
         dan/atau kontrak yang paling sedikit memuat hak dan kewajiban serta tugas dan tanggung
         jawab masing-masing pihak.

      6) Sumber dana Program TJSL BUMN berasal dari:
         i)   anggaran kegiatan yang diperhitungkan sebagai biaya pada BUMN pembina dalam
              tahun anggaran berjalan.
         ii) penyisihan sebagian laba bersih BUMN Pembina pada tahun anggaran sebelumnya
              dan/atau.
         iii) sumber lain yang sah sesuai dengan ketentuan peraturan perundang-undangan.

      7) Sumber dana untuk Program Pendanaan UMK, selain sumber dana sebagaimana dimaksud
         pada angka 6) di atas, dapat berasal dari:
         i)  saldo dana Program Pendanaan UMK yang teralokasi sampai dengan akhir tahun 2015;
             dan/atau;
         ii) jasa administrasi pinjaman/marjin/bagi hasil, bunga deposito dan/atau jasa giro dari
             dana Program Pendanaan UMK

      8) Besaran dana Program TJSL BUMN sebagaimana dijelaskan pada angka 6.i) dan angka
         6.ii) di atas, ditetapkan dalam rencana kerja anggaran perusahaan yang disahkan oleh
         RUPS/Menteri.

      9) Pembebanan beban operasional Program TJSL BUMN:
         -    Pembebanan beban operasional Program TJSL BUMN menjadi beban BUMN Pembina.
         -    Pembebanan beban kepada usaha mikro dan usaha kecil menjadi bagian dari biaya
              Program TJSL BUMN.



                                              6
Page 800
                    PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                         PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                            CATATAN ATAS LAPORAN KEUANGAN
          Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                    (Disajikan dalam Rupiah)


2.   IKHTISAR KEBIJAKAN AKUNTANSI YANG SIGNIFIKAN

     a.   Dasar Penyajian Laporan Keuangan

          Laporan keuangan disusun berdasarkan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas
          Publik (SAK ETAP) yang diterbitkan oleh Dewan Standar Akuntansi Keuangan - Ikatan Akuntan
          Indonesia dan mempertimbangkan Surat Edaran Kementerian BUMN No. SE-02/MBU/WK/2012
          yang dikeluarkan tanggal 23 Februari 2012 perihal penetapan pedoman akuntansi Program
          Kemitraan dan Bina Lingkungan.
          Laporan keuangan disusun menggunakan dasar akrual kecuali untuk Laporan Arus Kas disusun
          menggunakan dasar kas. Laporan Arus Kas menyajikan penerimaan dan pengeluaran kas
          yang diklasifikasikan dalam aktivitas operasi, investasi dan pendanaan yang disusun
          dengan menggunakan metode langsung (direct method). Tahun buku Program Pendanaan UMK
          BTN adalah 1 Januari sampai 31 Desember dan mata uang penyajian yang digunakan dalam
          laporan keuangan adalah Rupiah yang juga merupakan mata uang fungsional Program
          Pendanaan UMK BTN.

     b.   Kas dan Setara Kas

          Kas dan setara kas adalah saldo kas dan bank yang dapat dipergunakan secara bebas untuk
          membiayai kegiatan Program Pendanaan UMK tidak digunakan sebagai jaminan. Saldo kas dan
          setara kas dicatat sebesar nilai nominalnya.

     c.    Piutang Pinjaman Mitra Binaan

          Piutang pinjaman mitra binaan adalah pinjaman yang disalurkan oleh PT Bank Tabungan Negara
          kepada mitra binaan, sesuai dengan ketentuan yang berlaku. Saldo piutang pinjaman mitra binaan
          termasuk piutang pinjaman mitra binaan yang disalurkan oleh Perusahaan dan piutang pinjaman
          mitra binaan yang disalurkan melalui PT Bank Rakyat Indonesia (Persero) Tbk sesuai dengan
          Surat Menteri Badan Usaha Milik Negara No.S-721/MBU/11/2022 tanggal 10 November 2022
          (Poin 3), kementerian merokemendasikan PT Bank Rakyat Indonesia (Persero) Tbk sebagai
          pengelola Kerja Sama Program PUMK.
          Piutang pinjaman mitra binaan diakui pada saat pinjaman disalurkan kepada mitra binaan dan
          diukur serta dicatat sebesar jumlah bersih yang diharapkan dapat ditagih dari mitra binaan.
           Penggolongan kualitas piutang pinjaman mitra binaan dilakukan berdasarkan Peraturan Menteri
           BUMN serta dengan ketentuan sebagai berikut:

          i)   lancar, dalam hal pembayaran angsuran pokok dan jasa administrasi pinjaman tepat
               waktu atau terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa administrasi
               pinjaman paling lambat 30 hari dari tanggal jatuh tempo pembayaran angsuran, sesuai
               dengan perjanjian yang telah disetujui bersama,
          ii) kurang lancar, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa
               administrasi pinjaman yang telah melampaui 30 hari sampai dengan 180 hari dari tanggal
               jatuh tempo pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui
               bersama,
          iii) diragukan, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa
               administrasi pinjaman yang telah melampaui 180 hari sampai dengan 270 hari dari tanggal
               jatuh tempo pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui
               bersama,
          iv) macet, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa
               administrasi pinjaman yang telah melampaui 270 hari dari tanggal jatuh tempo
               pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui bersama.




                                                   7
Page 801
                    PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                         PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                            CATATAN ATAS LAPORAN KEUANGAN
          Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                    (Disajikan dalam Rupiah)


2.   IKHTISAR KEBIJAKAN AKUNTANSI YANG SIGNIFIKAN (lanjutan)

     d.    Piutang Jasa Administrasi Pinjaman

          Piutang bunga/jasa administrasi pinjaman mitra binaan terkait dengan piutang bunga jasa
          administrasi atas pinjaman yang dicatat secara akrual untuk piutang pinjaman mitra binaan yang
          disalurkan oleh Perusahaan dan piutang pinjaman mitra binaan yang disalurkan melalui PT Bank
          Rakyat Indonesia (Persero) Tbk yang dibentuk oleh Perusahaan pada akhir periode akuntansi..

     e. Penyisihan Penurunan Nilai Piutang Pinjaman

          Penyisihan penurunan nilai piutang pinjaman adalah besarnya penyisihan atas piutang pinjaman
          yang mungkin tidak tertagih dihitung berdasarkan estimasi kerugian yang tidak dapat ditagih.
          Penyisihan penurunan nilai piutang pinjaman diakui saat akhir periode akuntansi dan diukur dan
          dicatat sebesar estimasi kerugian yang tidak dapat ditagih. Penyisihan penurunan nilai piutang
          pinjaman dihitung secara kolektif berdasarkan persentase tertentu tingkat ketertagihan (collection)
          data historis yang ada.

     f.   Aset Neto

          Aset neto adalah aset dikurangi dengan liabilitas. Aset neto diklasifikasikan menjadi Aset Neto
          Terikat (ANT) dan Aset Neto Tidak Terikat (ANTT).
          ANT adalah sumber daya yang penggunaannya dibatasi untuk tujuan tertentu atau tidak dapat
          digunakan untuk kegiatan operasi normal. ANTT adalah sumber daya yang penggunaannya tidak
          dibatasi untuk tujuan tertentu.

     g. Pendapatan Jasa Administrasi Pinjaman

          Pendapatan jasa administrasi pinjaman adalah pendapatan jasa yang dipungut atas pinjaman
          dana Program Pendanaan UMK yang disalurkan kepada mitra binaan. Akrual pendapatan jasa
          administrasi pinjaman diakui hanya untuk piutang dengan status lancar dan kurang lancar dan
          diukur serta dicatat berdasarkan nilai yang telah jatuh tempo sesuai dengan kontrak.

     h.   Pendapatan Lain-lain

          Pendapatan lain-lain adalah pendapatan yang tidak dapat digolongkan menurut klasifikasi
          pendapatan yang telah disebutkan di atas dan diakui pada saat diterima. Pendapatan lain-lain
          diukur dan dicatat sebesar nilai yang diterima Program Pendanaan UMK BTN.

     i.   Beban (Pembalikan) Penyisihan Penurunan Nilai Piutang Pinjaman
          Beban (pembalikan) penyisihan penurunan nilai piutang pinjaman adalah beban (pendapatan)
          yang timbul akibat pembentukan (pembalikan) penyisihan penurunan nilai atas piutang pinjaman
          yang mungkin tidak tertagih.

     j.   Transaksi dengan pihak berelasi
          Program Pendanaan UMK BTN melakukan transaksi dengan pihak-pihak berelasi seperti yang
          didefinisikan dalam SAK-ETAP tentang “Pengungkapan Pihak-Pihak yang Mempunyai Hubungan
          Istimewa”, yang didefinisikan antara lain:
          a. Pihak yang memiliki pengendalian, pengendalian bersama atau pengaruh signifikan atas
               entitas.
          b. Entitas anak, joint venture, entitas asosiasi dari entitas.
          c. Personel manajemen kunci dari entitas dan entitas induknya (secara agregat).
          d. Pihak-pihak yang mempunyai hubungan istimewa lainnya.


                                                     8
Page 802
                    PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                         PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                            CATATAN ATAS LAPORAN KEUANGAN
          Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                    (Disajikan dalam Rupiah)


3. PENGGUNAAN PERTIMBANGAN, ESTIMASI DAN ASUMSI
     a.    Pertimbangan
           Sesuai Peraturan Menteri BUMN, beban operasional Program Pendanaan UMK menjadi beban
           PT Bank Tabungan Negara (Persero) Tbk selaku BUMN Pembina.
           Mata uang fungsional Program Pendanaan UMK BTN adalah mata uang dari lingkungan ekonomi
           primer dimana Program Pendanaan UMK BTN beroperasi. Mata uang tersebut adalah mata uang
           yang mempengaruhi pendapatan dan beban dari jasa yang diberikan. Program Pendanaan UMK
           BTN menentukan bahwa mata uang fungsionalnya adalah Rupiah.

     b. Estimasi dan asumsi

           Setiap akhir periode pelaporan, Program Pendanaan UMK BTN menelaah penyisihan penurunan
           nilai secara kolektif terhadap risiko kredit mitra binaan yang dikelompokkan berdasarkan
           karakteristik kredit yang sama, yang meskipun tidak diidentifikasi secara spesifik memerlukan
           penyisihan tertentu, memiliki risiko yang lebih besar tidak tertagih dibandingkan dengan piutang
           yang diberikan kepada mitra binaan. Penyisihan kerugian penurunan nilai piutang pinjaman mitra
           binaan dihitung berdasarkan kajian nilai terkini dan historis tingkat ketertagihan dari piutang.
           Penyisihan piutang mitra binaan dihitung berdasarkan estimasi kerugian yang tidak dapat ditagih
           yaitu secara kolektif berdasarkan persentase tertentu tingkat ketertagihan (collection) data historis
           yang ada (minimal 2 tahun). Penyisihan ini disesuaikan secara berkala untuk mencerminkan hasil
           aktual dan estimasi.

4.   KAS DAN SETARA KAS

     Kas dan Setara Kas merupakan penempatan dana Program Pendanaan UMK pada rekening giro di
     PT Bank Tabungan Negara (Persero) Tbk yang terdiri dari:

                                                                   31 Desember 2024       31 Desember 2023
     Program Pendanaan UMK yaitu:
        - Rekening Giro Kantor Pusat                                   11.036.287.064          10.970.559.980
     Jumlah Kas dan Setara Kas                                         11.036.287.064          10.970.559.980

5. PIUTANG PINJAMAN MITRA BINAAN

     a. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Wilayah

                                                                   31 Desember 2024       31 Desember 2023
          Wilayah Jawa Barat                                            5.084.263.634           5.779.107.438
          Wilayah DKI Jakarta dan Banten                               13.130.145.743          15.215.434.274
          Wilayah Jawa Timur, Bali, NTB dan NTT                         4.837.619.646           6.659.898.548
          Wilayah Sumatera                                              5.152.579.970           6.045.421.412
          Wilayah Kalimantan, Sulawersi, Maluku dan Papua               8.759.471.702          10.496.088.209
          Wilayah D.I Yogyakarta dan Jawa Tengah                        3.856.242.055           5.126.161.217
          Jumlah Piutang Pinjaman                                      40.820.322.750          49.322.111.098
          Dikurangi penyisihan penurunan
             nilai piutang pinjaman                                   (36.675.501.169)        (36.893.857.090)
                                                                         4.144.821.581         12.428.254.008
          Piutang pendapatan jasa administrasi                              48.783.200            123.380.251
          Neto                                                           4.193.604.781         12.551.634.259



                                                        9
Page 803
                 PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                      PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                         CATATAN ATAS LAPORAN KEUANGAN
       Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                 (Disajikan dalam Rupiah)


5. PIUTANG PINJAMAN MITRA BINAAN (lanjutan)
   b. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Kualitas Pinjaman

                                                            31 Desember 2024
                                                                Penyisihan
                                                              Penurunan Nilai      Saldo Piutang -
                                          Saldo Piutang      Piutang Pinjaman           Neto
     Lancar                                 388.990.786           17.595.221           371.395.565
     Kurang Lancar                        1.633.765.518          422.831.115         1.210.934.403
     Diragukan                            3.483.833.821          921.342.208         2.562.491.613
     Macet                               35.313.732.625       35.313.732.625                     -
     Jumlah Piutang Pinjaman             40.820.322.750       36.675.501.169        4.144.821.581


                                                            31 Desember 2023
                                                                Penyisihan
                                                              Penurunan Nilai      Saldo Piutang -
                                          Saldo Piutang      Piutang Pinjaman           Neto

      Lancar                               3.452.460.063          181.806.63        3.270.653.424
      Kurang lancar                        7.303.272.049       1.845.261.632        5.458.010.417
      Diragukan                            4.950.359.453       1.250.769.286        3.699.590.167
      Macet                               33.616.019.533      33.616.019.533                     -
      Jumlah Piutang Pinjaman             49.322.111.098      36.893.857.090       12.428.254.008


   c. Perubahan Penyisihan Penurunan Nilai Piutang Pinjaman

      Perubahan penyisihan penurunan nilai piutang pinjaman kepada mitra binaan pada tahun yang
      berakhir pada tanggal-tanggal 31 Desember 2024 dan 2023 adalah sebagai berikut:

                                                          31 Desember 2024      31 Desember 2023
      Saldo awal tahun                                       36.893.857.090        33.795.371.727
      (Pembalikan)/Beban cadangan penyisihan kerugian
          Penurunan nilai piutang pinjaman selama
          tahun berjalan                                      (218.355.921)         3.098.485.363
      Saldo akhir tahun                                      36.675.501.169        36.893.857.090


      Manajemen berkeyakinan bahwa penyisihan penurunan nilai piutang yang telah dibentuk telah
      memadai untuk menutupi kemungkinan kerugian atas tidak tertagihnya piutang pinjaman mitra
      binaan.

   d. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Sektor Ekonomi

                                                          31 Desember 2024      31 Desember 2023
      Perdagangan                                            23.018.799.642        30.613.297.342
      Jasa                                                    5.205.772.661         6.898.450.548
      Peternakan                                              3.857.289.615         4.100.803.786
      Pertanian                                               3.407.007.234         3.487.030.236
      Industri                                                3.039.535.211         1.769.186.924



                                              10
Page 804
                 PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                      PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                         CATATAN ATAS LAPORAN KEUANGAN
       Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                 (Disajikan dalam Rupiah)


5. PIUTANG PINJAMAN MITRA BINAAN (lanjutan)

   d. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Sektor Ekonomi (lanjutan)

                                                            31 Desember 2024       31 Desember 2023
      Perikanan                                                     834.495.525           947.865.230
      Industri Kreatif                                               91.976.063            95.368.257
      Perkebunan                                                    265.287.847           309.949.822
      Usaha Lainnya                                               1.100.158.952         1.100.158.953
      Jumlah Piutang Pinjaman                                   40.820.322.750         49.322.111.098
      Dikurangi penyisihan penurunan
        nilai piutang pinjaman                                  (36.675.501.169)      (36.893.857.090)
                                                                  4.144.821.581        12.428.254.008
      Piutang pendapatan jasa administrasi                           48.783.200           123.380.251
      Neto                                                        4.193.604.781        12.551.634.259


6. PIUTANG KERJASAMA PUMK MITRA BINAAN

   a. Piutang kerjasama PUMK kepada mitra binaan merupakan penyaluran PUMK kepada Mitra Binaan
      yang dilakukan melalui PT Bank Rakyat Indonesia (Persero) Tbk sesuai dengan Perjanjan
      Kerjasama No. 03/PKS/SMBDX/2023 pada tanggal 13 Oktober 2023. PT Bank Tabungan Negara
      (Persero) Tbk bekerjasama dengan PT Bank Rakyat Indonesia (Persero) Tbk dalam rangka
      pelaksanaan penyaluran program PUMK dengan jangka waktu perjanjian kerjasama selama 5 (lima)
      tahun. Pada saat perjanjian kerjasama telah selesai dilakukan, PT Bank Rakyat Indonesia (Persero)
      Tbk akan mengembalikan dana program PUMK yang dikerjasamakan secara bertahap kepada PT
      Bank Tabungan Negara (Persero) Tbk.

   b. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Sektor Ekonomi

                                                            31 Desember 2024       31 Desember 2023
      Perdagangan                                                 5.208.034.422           405.000.000
      Jasa                                                        2.170.845.917           281.000.000
      Industri                                                      549.553.070            25.000.000
      Peternakan                                                    188.193.474                     -
      Perikanan                                                     186.340.858                     -
      Pertanian                                                      60.681.610            30.000.000
      Usaha Lainnya                                               5.347.289.633            45.000.000
      Jumlah piutang pinjaman                                   13.710.938.984            786.000.000
      Dikurangi penyisihan penurunan
        nilai piutang pinjaman                                     (34.878.957)                       -
      Neto                                                      13.676.060.027            786.000.000


   c. Mutasi cadangan kerugian penurunan nilai

                                                                   2024                   2023
      Saldo awal                                                               -                      -
      Pembentukan cadangan kerugian penurunan
          nilai                                                      34.878.957                       -
      Saldo akhir                                                    34.878.957                       -

                                                 11
Page 805
                   PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                        PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                           CATATAN ATAS LAPORAN KEUANGAN
         Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                   (Disajikan dalam Rupiah)


6.   PIUTANG KERJASAMA PUMK MITRA BINAAN (lanjutan)

     d. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Wilayah

                                                                  31 Desember 2024        31 Desember 2023
        Wilayah Jawa Barat                                            2.583.663.492                       -
        Wilayah DKI Jakarta dan Banten                                            -                       -
        Wilayah Jawa Timur, Bali, NTB dan NTT                         1.867.636.532             100.000.000
        Wilayah Sumatera                                                230.000.000                       -
        Wilayah Kalimantan, Sulawersi, Maluku dan Papua               6.475.955.305             536.000.000
        Wilayah D.I Yogyakarta dan Jawa Tengah                        2.553.683.655             150.000.000
        Jumlah Piutang Pinjaman                                      13.710.938.984             786.000.000
        Dikurangi penyisihan penurunan
           nilai piutang pinjaman                                       (34.878.957)                           -
        Neto                                                         13.676.060.027             786.000.000


     e. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Kualitas Pinjaman

                                                                    31 Desember 2024
                                                                        Penyisihan
                                                                      Penurunan Nilai        Saldo Piutang -
                                               Saldo Piutang         Piutang Pinjaman             Neto

       Lancar                                 13.520.127.798              17.518.878         13.502.608.920
       Kurang Lancar                             176.209.886              17.360.079            158.849.807
       Diragukan                                  14.601.300                       -             14.601.300
       Macet                                               -                       -                      -
       Jumlah Piutang Pinjaman                13.710.938.984              34.878.957         13.676.060.027


                                                                    31 Desember 2023
                                                                        Penyisihan
                                                                      Penurunan Nilai        Saldo Piutang -
                                               Saldo Piutang         Piutang Pinjaman             Neto

       Kurang Lancar                                786.000.000                       -         786.000.000
       Jumlah Piutang Pinjaman                      786.000.000           786.000.000            786.000.000


7.   ASET NETO

                                                                  31 Desember 2024        31 Desember 2023
     Aset Neto Tidak Terikat
     Saldo awal                                                      31.522.194.239          33.627.517.696
     Kenaikan (Penurunan) aset neto tidak terikat                     1.799.211.873          (2.105.323.457)

     Saldo Akhir                                                     33.321.406.112          31.522.194.239




                                                     12
Page 806
                    PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                         PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                            CATATAN ATAS LAPORAN KEUANGAN
          Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                    (Disajikan dalam Rupiah)


8. PIUTANG KERJASAMA PUMK KEPADA BRI

     Berdasarkan Perjanjan Kerjasama No. 03/PKS/SMBDX/2023 pada tanggal 13 Oktober 2023,
     PT Bank Tabungan Negara (Persero) Tbk bekerjasama dengan PT Bank Rakyat Indonesia (Persero)
     Tbk dalam rangka pelaksanaan penyaluran program PUMK dengan jangka waktu perjanjian kerjasama
     selama 5 (lima) tahun. Pada saat perjanjian kerjasama telah selesai dilakukan, PT Bank Rakyat
     Indonesia (Persero) Tbk akan mengembalikan dana program PUMK yang dikerjasamakan secara
     bertahap kepada PT Bank Tabungan Negara (Persero) Tbk. Piutang ini merupakan piutang pihak
     berelasi (Catatan 11).
                                                                                  31 Desember 2024                 31 Desember 2023
     Piutang BUMN Penyaluran BRI                                                         4.289.061.016                   7.214.000.000
     Piutang Jasa Administrasi BUMN Penyaluran BRI                                         126.393.224                               -
     Total                                                                               4.415.454.240                   7.214.000.000


     Rincian piutang BUMN penyaluran BRI adalah sebagai berikut:
                                                           31 Desember 2024

                                                                             Penerimaan
                                                                             pendapatan
                                                    Penerimaan            jasa administrasi            Dana yang           Saldo akhir
       Saldo awal dana          Tambahan           pokok diterima              diterima           dipinjamkan kepada     dana diterima
      belum tersalurkan       dana dititipkan     dari Mitra Binaan       dari Mitra Binaan           Mitra Binaan       yang dititipkan

             7.214.000.000       10.000.000.000        1.924.861.016             126.393.224          (14.849.800.000)       4.415.454.240


                                                           31 Desember 2023
                                                                             Penerimaan
                                                                             pendapatan
                                                    Penerimaan            jasa administrasi            Dana yang           Saldo akhir
       Saldo awal dana          Tambahan           pokok diterima              diterima           dipinjamkan kepada     dana diterima
      belum tersalurkan       dana dititipkan     dari Mitra Binaan       dari Mitra Binaan           Mitra Binaan       yang dititipkan

                          -       8.000.000.000                       -                       -          (786.000.000)       7.214.000.000


9.   PENDAPATAN JASA ADMINISTRASI PINJAMAN

     a. Rincian Pendapatan Jasa Administrasi Berdasarkan Wilayah

                                                                                      Tahun yang berakhir pada tanggal
                                                                                  31 Desember 2024                31 Desember 2023
             Wilayah Jawa Barat                                                             55.963.900                     70.065.047
             Wilayah DKI Jakarta dan Banten                                              1.075.880.797                    321.975.748
             Wilayah Jawa Timur, Bali, NTB dan NTT                                          90.650.486                    242.550.148
             Wilayah Sumatera                                                               40.574.696                    113.756.591
             Wilayah Kalimantan, Sulawesi, Maluku dan Papua                                185.837.468                    171.184.235
             Wilayah D.I Yogyakarta dan Jawa tengah                                         53.061.590                    146.324.130
             Jumlah                                                                      1.501.968.937                   1.065.855.899




                                                                 13
Page 807
                PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                     PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                        CATATAN ATAS LAPORAN KEUANGAN
      Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                (Disajikan dalam Rupiah)


9. PENDAPATAN JASA ADMINISTRASI PINJAMAN (lanjutan)

   b. Rincian Pendapatan Jasa Administrasi Berdasarkan Penyaluran Kerjasama

                                                                  Tahun yang berakhir pada tanggal
                                                              31 Desember 2024            31 Desember 2023
      Pendapatan jasa administrasi atas pinjaman
         Mitra Binaan – penyaluran BTN                                 1.375.575.713             1.065.855.899
      Pendapatan jasa administrasi atas pinjaman
         Mitra Binaan – penyaluran BRI                                  126.393.224                              -
   Jumlah                                                              1.501.968.937             1.065.855.899

10. PENDAPATAN LAIN-LAIN

   Pendapatan lain-lain merupakan pendapatan yang berasal dari sumber di luar kegiatan utama Program
   Pendanaan UMK dan tidak bersifat rutin yakni berupa denda keterlambatan pembayaran angsuran oleh
   debitur. Pendapatan lain-lain pada tahun yang berakhir pada tanggal-tanggal 31 Desember 2024 dan
   2023 adalah masing-masing sebesar Rp113.765.972 dan Rp2.744.099.

11. TRANSAKSI DENGAN PIHAK BERELASI

   a. Jenis hubungan dan unsur transaksi dengan pihak berelasi
             Pihak berelasi                  Jenis hubungan                     Unsur transaksi pihak berelasi

     PT Bank Tabungan Negara                 BUMN Pembina                             Penempatan Dana
     (Persero) Tbk
     PT Bank Rakyat Indonesia       Pengendalian melalui Pemerintah             Piutang kepada BUMN Pembina
     (Persero) Tbk                    Pusat Republik Indonesia                      Lain/Lembaga penyalur



                                                              31 Desember 2024            31 Desember 2023
     Aset
     Kas di bank                                                      11.036.287.064           10.970.559.980

      Piutang kerjasama PUMK
          kepada BRI (Catatan 8)                                       4.450.333.197             7.214.000.000
     Jumlah                                                           15.486.620.261           18.184.559.980
     Persentase jumlah aset di pihak
       berelasi terhadap jumlah aset                                           46,47%                   57,68%


                                                                  Tahun yang berakhir pada tanggal
                                                                           31 Desember

                                                                        2024                       2023
      Pendapatan
      Pendapatan jasa administrasi (Catatan 9)                          126.393.224                              -
                                                                        126.393.224                              -
      Persentase jumiah pendapatan kepada pihak
         berelasi terhadap jumlah pendapatan                                   7,82%                         0%



                                                 14
Page 808
                 PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
                      PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                         CATATAN ATAS LAPORAN KEUANGAN
       Tanggal 31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
                                 (Disajikan dalam Rupiah)


11. TRANSAKSI DENGAN PIHAK BERELASI (lanjutan)

   a. Jenis hubungan dan unsur transaksi dengan pihak berelasi (lanjutan)

                                                                 Tahun yang berakhir pada tanggal
                                                                          31 Desember

                                                                    2024                  2023
      Beban
      Beban lain-lain (Catatan 6)                                    34.878.957                           -
                                                                     34.878.957                           -
      Persentase jumlah beban kepada pihak
         berelasi terhadap jumlah beban                                 -19,00%                      0%


12. REKLASIFIKASI AKUN LAPORAN KEUANGAN

   Laporan keuangan posisi keuangan tanggal 31 Desember 2023 telah diklasifikasikan ulang sebagai
   berikut:

                                              Sebelum                                       Setelah
                                             Reklasifikasi          Reklasifikasi         Reklasifikasi

   ASET
   ASET LANCAR
   Piutang Pinjaman Mitra Binaan - neto   12.428.254.008             123.380.251        12.551.634.259
   Piutang lain-lain                       8.000.000.000          (8.000.000.000)                    -
   Piutang Jasa Administrasi Pinjaman        123.380.251            (123.380.251)                    -
   ASET TIDAK LANCAR
   Piutang Kerjasama PUMK
       kepada mitra binaan - neto                            -       786.000.000          786.000.000
   Piutang Kerjasama PUMK
           kepada BRI                                        -     7.214.000.000         7.214.000.000
                                           20.551.634.259                           -   20.551.634.259

13. PENYELESAIAN LAPORAN KEUANGAN

   Laporan keuangan ini diselesaikan dan disetujui untuk diterbitkan oleh pengelola pada tanggal
   27 Februari 2025.




                                                15
Page 809

          
Page 810

          
Page 811
PT Bank Tabungan Negara (Persero) Tbk
                 Menara BTN
    Jl. Gajah Mada No. 1 Jakarta 10130
        Tel. 62-21 6336789, 6332666
              Fax. 62-21 6346704
           E-mail : csd@btn.co.id
         Contact Center: 1500 286




              2024
           Annual Report

File

File Open PDF
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Size7.4 MB
Published4 Mar 2025
Pages811
Characters4,774,128
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Names mentioned 123 people and organisations named in the text · linked when the evidence is strong

linked org Bank Tabungan Negara (Persero) Tbk · 513 p.1 ×436
linked person Chandra M. Hamzah · President Commissioner/ Independent p.61 ×13
linked person Iqbal Latanro · Vice-President Commissioner/Independent p.61 ×13
linked person Armand B. Arief · Independent Commissioner p.61 ×11
linked person Sentot A. Sentausa · Independent Commissioner p.61 ×20
linked person Andin Hadiyanto · Commissioner p.61 ×21
linked person Herry Trisaputra Zuna · Commissioner p.61 ×14
linked person Himawan Arief Sugoto · Commissioner p.61 ×14
linked person Nixon L.P. Napitupulu · President Director p.61 ×9
linked person Oni Febriarto Rahardjo · Vice President Director p.61 ×16
linked person Elisabeth Novie Riswanti · Director of Assets Management p.61 ×17
linked person Setiyo Wibowo · Director of Risk Management p.62 ×17
linked person Hirwandi Gafar · Director of Consumer p.62 ×20
linked person Nofry Rony Poetra · Director of Finance p.62 ×18
linked person Eko Waluyo · Director of Human Capital, Compliance, and Legal p.62 ×14
linked person Hakim Putratama · Director of Institutional Banking p.62 ×11
linked org Akulaku Finance p.64 ×2
linked person Ahdi Jumhari Luddin · Independent Commissioner p.67 ×11
linked person Muhammad Iqbal · Director p.67 ×5
linked person Bambang Widjanarko · Commissioner p.67 ×6
linked person Adi Sulistyowati · Commissioner p.67 ×4
linked person Endang A. Suprijatna · Member of the Audit Committee p.69 ×5
linked person Peter Eko Budi Darwito · Member of the Audit Committee p.69 ×7
linked person Chandra Hamzah · President Commissioner/Independent p.75 ×2
linked org Bank Mandiri (Persero) Tbk p.164 ×14
linked person Armand Bachtiar Arief · Komisaris Independen p.476 ×5
linked person M. Quraish Shihab · Ketua p.480 ×5
linked person Indra Jaka Aprilyanta · Anggota p.481 ×4
possible org PT Bursa Efek Indonesia p.61 ×4
possible person Jasmin · Director of Distribution and Funding p.61 ×5
possible person Mohamad Hidayat · Anggota p.74 ×5
possible person Adi Prakoso · Audit Committee Member p.76 ×2
possible person Helmi p.467
possible org Bank Negara (Persero) Tbk p.476 ×6
possible person Tri Wibowo p.479 ×3
possible org Otoritas Jasa Keuangan p.481
possible org Bank (Persero) Tbk p.482 ×2
unresolved org Ministry of State-Owned Enterprises p.5 ×2
unresolved org Ministry of BUMN’s Competency p.12
unresolved org Bank BTN Pension Program p.16
unresolved org Bank BTN Pension Fund p.16
unresolved org PT Bank Pension Fund Regulations State p.16
unresolved org Savings (Persero) Tbk p.16
unresolved org Bank Align p.25
unresolved org Minister of Access Management p.36
unresolved person H. Re-organisasi p.38
unresolved org KPPU p.45
unresolved org Bank Reports. Websites p.46
unresolved org Minister of State p.46
unresolved org Minister of State-Owned Enterprises Establishment and Guidelines p.46
unresolved org Minister of State-Owned Enterprises Internal Audit Unit Charter. p.46
unresolved org Minister of Law and Human Rights p.46 ×2
unresolved org Minister of Law Public p.46
unresolved org Tabungan Negara (Persero) Tbk. p.48 ×10
unresolved org PT Bank Tabungan p.52 ×18
unresolved org Negara (Persero) Tbk. p.52 ×8
unresolved org As one of the State-Owned Enterprises under a public p.57
unresolved org is the Republic of Indonesia (60%), which p.57
unresolved org places the Republic of Indonesia as the Controlling p.57
unresolved org Shareholder. In addition, the Republic of Indonesia also p.57
unresolved — shareholders and, at the same time, as a Controlling p.57
unresolved — Shareholder. Moreover, 40% p.57
unresolved — owns 2 (two) types of shares, namely p.57
unresolved — issues: p.58
unresolved — d. Approval regarding merger, consolidation, p.58
unresolved — acquisition, separation, and dissolution. p.58
unresolved org f. Approval for assets transfer based on the Articles p.58
unresolved — Association that requires GMS approval. p.58
unresolved — g. Approval for participation and reduction in p.58
unresolved — percentage of equity participation in other p.58
unresolved — companies based on the Articles of Association p.58
unresolved — h. Approval for the use of profits. p.58
unresolved org investment and financing based on the Articles p.58
unresolved — Association that requires the GMS approval. p.58 ×2
unresolved — 2. The right to nominate candidates for members p.58
unresolved — 3. The right to propose the GMS p.58
unresolved — Dwiwarna Shareholders, as long as p.58
unresolved — Article of Association does not specify otherwise, p.58
unresolved org PT Kustodian Sentral Efek Indonesia p.61 ×5
unresolved org PT Datindo Entrycom p.61 ×6
unresolved org Indonesia Stock Exchange p.61 ×9
unresolved person Notary Ashoya Ratam p.62 ×20
unresolved org PT Akulaku Finance Indonesia p.64
unresolved org PT Akulaku Finance Indonesia. Until p.64
unresolved org PT Akulaku. p.64
unresolved org Minister of SOEs Number PER- p.66 ×2
unresolved org Financial Services Authority p.68 ×11
unresolved person Haru Koesmahargyo · President Director p.69 ×5
unresolved org Government of the Republic of Indonesia p.72
unresolved org Young Global Limited p.73 ×2
unresolved org Purwantono p.73
unresolved org Bank BTN's Continuous Bonds IV Phase II p.73
unresolved person Muhammad Quraish Shihab · Chairman p.74 ×2
unresolved person Nixon L. P. Napitupulu p.74
unresolved person Notary Yumna Shabrina p.76
unresolved person Heru Budi Hartono · Commissioner p.76 ×7
unresolved person Apponited Mr. Mohammad Yusuf Permana · Commissioner p.76 ×8
unresolved — Appointed Mr. Andi Nirwoto · Director p.76 ×22
unresolved org Bank Indonesia p.78 ×4
unresolved — CSD · Corporate Secretary p.78
unresolved — Institutions · Institution Name p.82
unresolved org Ministry of Finance p.164 ×3
unresolved org PT Bank Export Import Indonesia (Persero) p.164
unresolved org Ministry of BUMN p.333
unresolved org Bank Pemerintah Pengganti Undang-undang p.467
unresolved org Menteri Kehakiman p.467
unresolved person Notary Muhani Salim p.467 ×2
unresolved org Ministry of Justice p.467
unresolved org Ministry of Laws and Human Rights p.467
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik Indonesia p.467
unresolved org Menteri Keuangan p.469
unresolved person AGMS Minutes · Notaris p.476
unresolved person Nixon Lambok Pahotan Napitupulu · Direktur Utama p.478 ×4
unresolved org Bank Rp p.479
unresolved person Ramon Armando · Sekretaris Perusahaan p.479 ×2
unresolved person Achmad Chaerul · Sekretaris Perusahaan p.480
unresolved person Mohammad Bagus Teguh Perwira · Anggota p.480 ×2
unresolved person Muhammad Faiz · Anggota p.480 ×2
unresolved person Mohammad Bagus Tegus Perwira · Anggota p.481
unresolved person Endang A.Suprijatna p.481 ×2
unresolved org Audit Tbk. p.481
unresolved org Bapepam-LK p.482 ×8

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